Central Banking

Card-based payment systems in US and Japan-IMES

"Card-based payment systems in the United States and Japan" - IMES Discussion Paper Series 2001-E-2, February 2001, by Ronald J. Mann, Visiting Scholar, Institute for Monetary and Economic Studies,Bank of Japan.

Abstract

The use of credit cards and debit cards in Japan is quite different from the use in theUnited States. In general, Japanese consumers use credit cards for fewertransactions, of a larger average amount, with a smaller share of borrowing. Debitcards have been used rarely in Japan

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