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After the Oct 1 rise in the consumption tax from 8% to 10%, do you think the one-yen and five-yen coins will gradually disappear from circulation?

14 Comments

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10% of 50 yen is 5 yen, so no, unless everything is priced in multiples of 100 yen before tax, I don't think 5 yen coins will disappear.

2 ( +2 / -0 )

If 5 yen coins disappear from circulation, what will people use for shrine visits?

5 ( +5 / -0 )

The closest supermarket to my place is tax free, with prices finishing in any number. So no, it won't disappear yet.

2 ( +2 / -0 )

After the Oct 1 rise in the consumption tax from 8% to 10%, do you think the one-yen and five-yen coins will gradually disappear from circulation?

I WISH!!! But no. I don't think so

2 ( +2 / -0 )

Aside from payment efficiency, on which I think "cash-less" would be much better, I like the design of Japanese coins, especially ones with a hole (5 and 50 yen).

2 ( +2 / -0 )

Since the government has never been satisfied by any of the consumption tax rises so far, they will want to remain flexible when calculating the next inevitable rise.

3 ( +3 / -0 )

Probably not, the government will want to keep them around for the inevitable increase to 12%. Takeout foods excluded, of course.

2 ( +2 / -0 )

Takeout foods excluded, of course.

Is not the next tax rise planned to be about the take out food to make it 10% ? There will be so many people complaining that it is so difficult to understand that the government will feel compelled to make everything 10% even thought they so much did not want to.

Regarding the number of articles teaching us how it is so difficult to manage I was expecting it, was I wrong ?

0 ( +0 / -0 )

Perhaps 1 yen will disappear but 5 yen ( to say goen) means "good luck", and to say in Japanese -goen ga aruyouni- means a "better expectation in luckness".

Checking well, if the price without consumption tax is less than 10 yens at the end, 1 yen or 5 yens coins will exist.

1 ( +1 / -0 )

Nope.

If 5 yen coins disappear from circulation, what will people use for shrine visits?

1 yen coins!

1 ( +1 / -0 )

The government should tighten its own oyaji belt first before asking the taxpayers to do the same. However, Abe Shinzo needs his planes and boats for defense instead of diplomacy. Raising income tax levels means the government is failing...no news there, sadly.

1 ( +1 / -0 )

The five yen are the most beautiful and the 50 yen too. The one yen are floaters originally made from silver. I do seem to end up with many one yen after a heavy shopping day.

Charity collection boxes would be good for them.

0 ( +0 / -0 )

I think that unless Japan decides to eliminate the number "1" from existence across the board, the 1 yen coin will never be obsolete.

0 ( +0 / -0 )

Since 10 is divisible by 5, no.

0 ( +0 / -0 )

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