On two consecutive days, April 20 and 21, major robberies occurred in Fukuoka and Tokyo. Both involved individuals transporting large sums of cash from banks.
Yukan Fuji (April 23) reports that in Fukuoka on April 20, a man who withdrew 380 million yen in cash from a bank, was attacked while carrying the funds to his rented car parked nearby. He told police he was planning to use the money to purchase gold bars.
A day later in Tokyo, a 44-year-old self-employed man from Suginami Ward was robbed of 40 million yen on a Ginza street. According to the Tsukiji police station, the victim had been carrying 72 million yen in a tote bag when a man bumped into him on the street, grabbed at the bag and made off with 40 million yen, leaving behind the remainder.
In both incidents, it was the large amount of stolen funds that made the news.
In the past, transactions of such large amounts would normally have been conducted at banks. But recently it's become fairly commonplace for people to engage in sizeable transactions using cash.
Yukan Fuji also notes that it's become increasingly common for people to stash large amounts of money in their home. The research arm of the Daiichi Insurance Company has estimated that as of the end of February 2017, the total amount of such funds -- called tansu yokin or savings in the chest of drawers -- was in the neighborhood of 43 trillion yen.
Business journalist Hiroko Hagiwara told Yukan Fuji that one of the reasons why more people are keeping money in their homes is due to the negative interest policy in force.
"Even if they deposit money in banks, people think it's not worth the trouble, that the interest won't accumulate," Hagiwara was quoted as saying. "And since the introduction of the 'My Number' system, more people have come to a realization that the government now has the means to easily obtain any the details of your financial records. I suppose this is also affecting people's behavior. If the government knows the details, people worry their assets can be taxed, and this in turn is leading more people to squirrel money away in their drawers, closets and so on."
It goes without saying, but just with carrying large sums of money on the street, such practices leave people more vulnerable to robbery or fraud. So if you're planning to transport money, or stash away funds outside of conventional institutions, advises the article, tight security measures are strongly advised.© Japan Today