Japan recently unveiled its first new banknotes in twenty years, featuring redesigned bills with 3D holograms to prevent counterfeiting. The new 10,000 yen, 5,000 yen, and 1,000 yen bills pay tribute to Japanese capitalism, women’s equality, and scientific innovation.
The holograms on the bills showcase historical figures that change orientation depending on the viewing angle, a world-first innovation according to Japanese authorities. The 10,000 yen banknote highlights Eiichi Shibusawa, an industrialist and government official instrumental in Japan’s economic modernization during the Meiji era. The 5,000 yen bill features Umeko Tsuda, a women’s education pioneer who founded the precursor to Tokyo’s Tsuda University. The 1,000 yen note portrays Shibasaburo Kitasato, a bacteriologist known for his work in preventing tetanus and diphtheria.
Despite a growing trend towards digital payments, Japan continues to heavily rely on cash. Bank of Japan Governor Kazuo Ueda emphasized the importance of cash as a secure and widely accessible form of payment, noting its continued significance alongside digital alternatives. Existing bills in circulation will remain valid as consumers and businesses have five years to adjust to the new design.
The Japanese government plans to print approximately 7.5 billion new banknotes by March of next year. These redesigned bills serve as a symbol of Japan’s rich history and commitment to equality and innovation in various fields while maintaining a strong cash-based economy.
