The Japanese government and the bank of Japan have announced that they will renew the ¥10,000, ¥5,000 and ¥1,000 banknotes in 2024.
The new ¥10,000 note will feature Eiichi Shibusawa, known as the “Father of Japanese Capitalism” on one side and Tokyo Station on the other. Umeko Tsuda, an educator and promoter of female education, will be the face on the ¥5,000 note, while the reverse will have an illustration of wisteria flowers. Finally, the ¥1,000 will feature Shibasaburo Kitasato, who laid the foundation of modern Japanese medicine. The back side of the bill will have "The Great Wave off Kanagawa" from the "Thirty-six Views of Mount Fuji" by artist Hokusai Katsushika.
The new notes will incorporate cutting-edge anti-counterfeiting technologies. Japan will introduce the world’s first 3D hologram technology on bills where the direction of the design will differ depending on the angle it is viewed at.
In addition to the change in the traditional Japanese eras from Heisei to Reiwa, there is an expectation for related demand and hope that this will help revitalize the economy.