Japan recently unveiled its new banknotes, which feature 3D holograms to prevent counterfeiting. These redesigned bills pay tribute to various aspects of Japanese society, including capitalism, women’s equality, and scientific innovation. Prime Minister Fumio Kishida expressed hope that the new bills would stimulate the Japanese economy.
The new 10,000 yen note showcases Eiichi Shibusawa, a key figure in Japan’s economic modernization. The 5,000 yen bill honors Umeko Tsuda, a pioneer in women’s education. The 1,000 yen note features Shibasaburo Kitasato, a renowned bacteriologist. These holographic images can change orientation depending on the viewing angle, setting a new standard in anti-counterfeiting measures.
Japan remains heavily reliant on cash despite the rise of digital payments. Bank of Japan Governor Kazuo Ueda emphasized the continued importance of cash as a secure and accessible form of payment. The redesigned bills were unveiled in 2019 and gave consumers and businesses a five-year transition period to adapt to the new notes. Existing bills will still be accepted as valid currency until March next year when approximately 7.5 billion new banknotes will be printed as part of a modernization effort while honoring Japan’s rich history of innovation and social progress.