The government and the bank of Japan have announced that they will renew their JPY10,000, JPY5,000 and JPY1,000 bank note denominations in 2024.
Eiichi Shibusawa, known as the “Father of Japanese Capitalism”, will be featured on the JPY10,000 note. Umeko Tsuda, who was an educator and promoter of female education, will be the face of the JPY5,000 note, while the JPY 1,000 note will feature Shibasaburo Kitasato, who laid the foundation of modern medicine.
The other sides of the bills will show Tokyo Station, wisteria and the Great Wave off Kanagawa from the “Thirty-six Views of Mount Fuji” by the artist Hokusai Katsushika.
This is the first bank note printing since 2004. It will also be the first time in 40 years, since 1984, that the person featured on the JPY10,000 note has changed.
In addition to the change in the traditional Japanese eras from Heisei to Reiwa, there is expectation for related demand and hope that this will help revitalize the economy.
Further, the Ministry of Finance has stated that the new notes will incorporate cutting-edge anti-counterfeiting technologies. Japan will introduce the first 3D hologram technology on bills where the direction of the design will differ depending on the angle it is viewed at.
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