New Japanese Banknotes: A Deep Dive into the Redesigned Yen

Japan has unveiled their new Japanese banknotes for the first time in two decades, injecting fresh air into the nation’s cash flow. Launched in July 2024, these redesigned bills not only boast new faces but also incorporate advanced security measures and improved durability. Let’s look into these innovative notes, delving into the stories behind the new portraits, the reasons for the redesign, and the process of acquiring these shiny new yen.

A Quick Jump To…

• Meet the New Faces of Japanese Currency
• Why the Time for Change?
• No Need to Panic About Old Bills
• Getting Hold of the New Japanese Banknotes
• Want to Learn More?
• FAQ

Meet the New Faces of Japanese Currency

10,000 yen

Eiichi Shibusawa, a towering figure in Japanese history, takes center stage on the highest denomination note. Often referred to as the “Father of Japanese Capitalism,” Shibusawa played a pivotal role in the country’s modernization during the late 19th and early 20th centuries. He served as a successful entrepreneur, establishing over 500 companies and actively promoting free markets and business ethics.  His inclusion on the ten-thousand yen bill highlights the importance of entrepreneurship and economic development in Japan’s continued success.

5,000 yen

Umeko Tsuda, a champion for women’s education, takes her rightful place on the five-thousand yen note. Tsuda defied societal expectations by establishing a pioneering school for girls at a time when female education was far from mainstream. Her unwavering dedication to empowering women paved the way for generations of Japanese women to pursue academic and professional opportunities. Choosing Tsuda for the five-thousand yen bill symbolizes Japan’s commitment to gender equality and progress.

1,000 yen

Shibasaburo Kitasato, a renowned bacteriologist, remains on the thousand-yen note. Kitasato’s groundbreaking research led to the development of crucial vaccines for tetanus and diphtheria, significantly improving public health outcomes in Japan and beyond. His continued presence on the thousand-yen bill underscores the enduring value of scientific advancements and their impact on society’s well-being.

Why the Time for Change?

There are two critical reasons for the redesign:

Enhanced Security

The new banknotes boast cutting-edge anti-counterfeiting technology, making replicating them even more challenging. These measures include advanced printing techniques, three-dimensional holographic portraits that change perspective when tilted, and intricate security threads embedded within the paper. This increased level of security helps maintain the integrity of Japan’s financial system and protects consumers from fraudulent activity.

Durability Boost

The constant circulation of banknotes can lead to wear and tear, necessitating frequent replacements. The new series utilizes enhanced materials and printing techniques that are expected to extend the notes’ lifespan significantly. This reduces the need for frequent replacements, minimizing production costs and environmental impact.

No Need to Panic About Old Bills

The good news for those holding older yen notes is that they are still perfectly legal tender! There’s no immediate need to rush to exchange them. The old and new notes will coexist, allowing a smooth transition.

Getting Hold of the New Japanese Banknotes

The new banknotes are gradually being distributed through banks and ATMs. While you might not see them everywhere immediately, their presence will become more prevalent. So, keep your eyes peeled for these new faces during your next cash transaction. If you want to change your banknotes, you can also visit the nearest bank locations near you during their operating hours.

Want to Learn More?

If you’re curious about the technical details of the new notes, here are some helpful resources:

• National Printing Bureau’s Special Website: This website provides in-depth information about the design, security features, and accessibility considerations of the new banknotes.
• Bank of Japan’s Information Page: The Bank of Japan offers a dedicated page detailing the new series of banknotes and the latest 500 yen coin.

Japan’s commitment to a secure and efficient cash system continues with these new Japanese banknotes. So next time you handle your yen, take a moment to appreciate the historical figures gracing the bills and the technological advancements safeguarding your transactions.

You Might Be Wondering…

When does the Japanese bank issue banknotes?

The Bank of Japan needs a schedule for issuing new banknotes. Instead, it decides on a new series based on specific needs, like enhanced security or improved durability.

Why is the yen so weak?

The yen is weak because Japan’s interest rates are much lower than the US’s, making the dollar more attractive to investors. This and a stronger US economy push the yen’s value down.