Japan has announced the issuance of new banknotes featuring historic figures that appear to rotate in 3D. The design change aims to combat counterfeit bills and enhance security measures. The new banknotes include the 10,000 yen, 5,000 yen, and 1,000 yen bills, all of which will have larger face value numbers for easy recognition. Additionally, tactile marks will be added to assist visually impaired individuals [72f04388].
The 10,000 yen note will showcase Eiichi Shibusawa, also known as 'the father of Japanese capitalism,' with Tokyo Station depicted on the reverse side. The 5,000 yen note will feature educator Umeko Tsuda, accompanied by wisteria flowers on the back. Finally, the 1,000 yen note will display the portrait of microbiologist Shibasaburo Kitasato, with 'The Great Wave off Kanagawa' adorning the flipside [72f04388].
The introduction of these new banknotes is part of Japan's ongoing efforts to promote cashless payments while maintaining the availability of physical currency. Japan aims to encourage the adoption of digital payment methods, as cashless payments have become increasingly popular in several countries, including the United States, China, and South Korea. However, it is important to note that existing banknotes will remain valid, and the issuance of new banknotes does not imply the phasing out of physical currency [72f04388].
In addition to the design changes, the new banknotes will incorporate enhanced security features to deter counterfeiting. The inclusion of rotating 3D figures adds a dynamic element that makes it more difficult to replicate the banknotes accurately. These measures aim to ensure the integrity of the currency and maintain public trust in the monetary system [72f04388].
The issuance of the new banknotes is expected to be completed by the end of March next year, with approximately 7.5 billion new banknotes being printed. The introduction of these banknotes aligns with Japan's broader goal of transitioning towards a more cashless society, while still providing options for those who prefer to use physical currency [72f04388].