#423 Why Nepal Grows Japan’s Cash |
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#423 Why Nepal Grows Japan’s Cash |
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surprising economic relationship between Nepal and Japan, focusing on the use of the Argali shrub for producing the Japanese yen. The text explains that Japan switched to the Argali plant, grown in the mountains of Nepal, after a shortage of its traditional banknote source, mitsumada, citing the shrub's durability and ability to mimic the feel of traditional Japanese paper. This new demand has revitalized Nepalese villages, with farmers learning new processing techniques to meet Japan's standards and significantly increasing their income, despite the global trend toward plastic banknotes and Japan's own push for a cashless society. Finally, the source examines Japan’s long history of valuing physical currency due to factors like historical trauma and the importance of cash cycle security during disasters, suggesting that the demand for paper money, and therefore Argali, is likely to