New Banknotes in Japan Boost Economy, Celebrate Capitalism, Women’s Equality and Scientific Innovation with 3D Holograms.
Japan recently introduced new banknotes for the first time in twenty years, featuring 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 banknotes feature holographic images that can change orientation depending on the viewing angle, setting a new standard in anti-counterfeiting measures. Despite the rise of digital payments, Japan remains heavily reliant on cash. 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 given consumers and businesses a five-year transition period.
The 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 celebrate Japan’s rich history of innovation and social progress while also representing a modernization effort.
The government plans to print approximately 7.5 billion new banknotes by March of next year. This move is intended to update Japan’s currency while paying homage to its past achievements and societal advancements.
