In Japan, there are some really weird laws about this kind of thing. You are technically required to turn things into the police, because failure to do so is still considered theft. However, by virtue of turning something into the police, you are legally entitled to 30% of its value (you can decline this when filling out the paperwork, and believe me, I have done this and it’s a lot of paperwork that includes an itemized list of every item in a wallet) if it is claimed within 3 months. After 3 months, it becomes legally yours.
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