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Hah, really interesting. I wonder how they do the money-laundering though. Perhaps they never do try to get the cash back into the legal system, but we've heard

Hah, really interesting. I wonder how they do the money-laundering though. Perhaps they never do try to get the cash back into the legal system, but we've heard of people profiting >1m, meaning they've done 10m in cash transactions. At some point you want to use it, and need to account for it. Not sure what it's like in Japan, but typically notaries or even expensive car dealers will not just let you bring a bag of cash to buy an asset.

patio11 9y ago
Japan has AML laws but, broadly, has a much higher tolerance for high-value cash transactions than e.g. the US does, particularly if you read as obviously socially established. If you're in possession of $50k cash in the US, presumption is that you're crooked in at least one way. If you bring $800k cash to a real estate closing in Japan, presumption is heavily in favor of "Ahh, a traditionalist." (This assumes, regretfully but accurately, that you don't have a complicating factor like being a foreigner while doing it...)