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    How did Japan become a major gold exporter when it produces almost no gold? The answer is widespread smuggling operations: smugglers bring it into Japan without paying consumption tax and sell it to refiners and processors, and it is then exported tax free to countries that don't charge tax on it.
    Japan

    How did Japan become a major gold exporter when it produces almost no gold? The answer is widespread smuggling operations: smugglers bring it into Japan without paying consumption tax and sell it to refiners and processors, and it is then exported tax free to countries that don’t charge tax on it.


    How did Japan become a major gold exporter when it produces almost no gold? The answer is widespread smuggling operations: smugglers bring it into Japan without paying consumption tax and sell it to refiners and processors, and it is then exported tax free to countries that don’t charge tax on it.

    https://www.dailyshincho.jp/article/2026/06150440/?all=1

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    6 Comments

    1. ShiroSara on

      Buying pecious metals in Japan is literally a joke.

      They are so overpriced when comparing the prices to prices you can get overseas.

    3. ragequitteroffureh on

      So, how many tonnes of this gold has travelled up one or more people’s bums at some point?

      Presumably some of it must travel the same route up people’s bums quite a few times.

      Shit, could my wedding ring be partially composed of smelted buttgold? O_O;

    4. GeriatricusMaximus on

      If the government started to raid refiners and places where you sell your gold, pretty sure the government would find a gold mine of crimes. I mean, we hear from time to time, usually old ladies, caught smuggling gold into the country but then nothing where the gold was supposed to go.

    5. Glum-Supermarket1274 on

      not even just metal. Its been an open secret for years that japan is one of the biggest human trafficking port in asia. Legal immigration/importing goods might be difficult in japan but the illegal side of things have been booming for decades. This is that same stuff. Its the same with drugs in japan as well. Massive smuggling operation.