Good BOOST for monday.
The boost won't be that big. Japan still isn't the leader in trading. Also, somebody should investigate how their Bitcoin businesses are really doing.
I suspect there could be big interest in the currency but only out of curiosity and very little real use.
No matter how small, its still a boost imagine what relief this would bring to someone who wants to cash out bitcoin after he had paid fees to the miners, then wait for longer time for it to confirm, only to now pay another whopping 8% on the same cashing out now this is no longer applicable, then I tell you its a good relief for the Japanese people and the signalling effect might eventually roll over in due time.
8% is not small. It is huge especially if the investor is dealing with billions worth of money. I agree this is a great boost to bitcoin community in Japan. I believe that this tax free
consumption means you are free of tax even if we use or open the item in Japan as long as it is bought in Bitcoins. Now I know why there is some price uptrend of bitcoin this week and it is due to the implementation of removing the 8% consumption tax on Bitcoin.