Cash-based Japan issues first new bills in two decades to fight counterfeiting

TOKYO—Japan issued its first new banknotes in two decades on Wednesday, yen packed with 3-D hologram technology to fight counterfeiting.

While the new bills were released with fanfare, currency already in use will remain valid. In fact, people will still need older bills to use most vending machines and to pay bus fares, local media reported. The 5,000 yen bill, worth about $30, features Umeko Tsuda, a pioneer feminist and educator who founded a college. The 1,000 yen note, worth about $6.20, portrays physician and bacteriologist Shibasaburo Kitasato, who was instrumental in the research of tetanus and the bubonic plague.

By the end of March next year, nearly 7.5 billion new banknotes will have been printed, according to the government. The amount of money in the new bills going out in a single day is estimated at 1.6 trillion yen .

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Cash-based Japan issues first new bills in two decades, designed against counterfeitingTOKYO — Japan issued its first new banknotes in two decades Wednesday, yen packed with 3-D hologram technology to fight counterfeiting.
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