6 See Dierick, F., Point, E., Cornacchia, W. and Pirovano, M. (2017), “Closing real estate data gaps for financial  stability monitoring and macroprudential policy in the EU”, IFC Bulletins chapters, in: Bank for International Settlements (ed. ), Data needs and Statistics compilation for macroprudential analysis, volume 46 Bank for International Settlements. 7 ESRB Recommendation 2016/14 adopted on 31 October 2016.
The demand for cash payments is thought to be related to people's perception of cash: less concern about wasting money than when using cashless payment instruments; a safe environment where cash is rarely stolen and is even often returned when people lose their pocketbooks or purses; and public confidence in the high anti-counterfeit security levels of Japanese banknotes, resulting in counterfeit banknotes having a very low circulation.