In 2023, the number of cheque payments in Japan stood at 34.3 million units. Forecasted values for 2024 through 2028 show a consistent year-on-year decline. The projected figures are 30.58 million units in 2024, 27.02 million units in 2025, 23.52 million units in 2026, 20.1 million units in 2027, and 16.74 million units in 2028. This marks a significant decline when compared to the 2023 value.
Year-on-year percentage variations indicate a decline of 12.08% from 2023 to 2024, 11.66% from 2024 to 2025, 12.96% from 2025 to 2026, 14.43% from 2026 to 2027, and 16.72% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this period is approximately -12.99%, highlighting an average annual decrease over the five-year span.
Future trends to watch include further digitalization of financial transactions, increased adoption of electronic and mobile payment methods, and evolving consumer behaviors driven by convenience, security, and speed. These factors will likely continue to reduce the reliance on cheque payments in Japan.
