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Japan will rethink its bank notes to incorporate the latest anti-forgery techniques. Finance Minister Taro Aso announced the makeover Tuesday. The design changes will be the first since 2004.
The new 10,000 yen note will feature Eiichi Shibusawa, a renowned industrialist from modern Japan. He is known as the "father of Japanese capitalism". The reverse side will feature the building of Tokyo Station.
The 5,000 yen note will carry an image of Umeko Tsuda, pioneer of women's education in Japan. She is the founder of Tsuda University in Tokyo.
The 1,000 yen mark will feature bacteriologist Shibasaburo Kitasato. He developed a treatment for tetanus.
On the back, the work of the Japanese master of ukiyoe, Katsushika Hokusai, entitled "In the Well of the Great Wave of Kanagawa". It is one of the most famous woodcuts in the world.
The new notes are expected to come into circulation around 2024 and present holograms and other advanced techniques to prevent counterfeiting.
The 500 yen coin will also be redesigned around 2021.
The finance minister said that the design of banknotes had been changed about every 20 years to avoid counterfeiting. He added that the changes had been announced now, as it took about five years to prepare the new bills.
Mr. Aso also said that the three people on the new notes have all made enormous contributions on issues that remain relevant and relevant to Reiwa's new era.
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