[Japan's Minister of Land, Infrastructure, Transport and Tourism Tetsunori Inabayashi Explores Introducing Stablecoins for Tax Refunds for Visiting Tourists]
Japan's Minister of Land, Infrastructure, Transport and Tourism, Tetsunori Inabayashi, stated that research will be conducted on introducing stablecoins into the tax-free refund system for foreign tourists visiting Japan, and efforts will be made to advance refund methods. Starting November 1, Japan's tax-free system has shifted to a refund model, where tourists purchase goods at tax-inclusive prices and, upon leaving the country within 90 days of purchase and receiving customs confirmation, the consumption tax is refunded by tax-free shops or authorized refund agencies. (Source: CoinPost)
