Chinatown pins hope on cashless incentive to ride out tax hike

Some restaurants and shops in Yokohama Chinatown hope that government relief measures for businesses introduced with the Oct. 1 consumption tax hike will help bring in new customers.They are pinning their hopes on a rebate program for cashless purchases aimed at mitigating the impact of the tax increase to 10 percent from 8 percent.The Yokohama Chinatown Development Association expects that its tie-up with PayPay Corp., a smartphone payment provider and a unit of Japan's telecommunication and investment giant SoftBank Group Corp., will attract consumers keen on taking advantage of the gover…READ FULL ARTICLE