Japan Introduces New Banknotes with 3D Hologram Technology to Combat Counterfeiting

Japan has issued its first new banknotes in two decades, yen packed with 3D hologram technology to fight counterfeiting. Prime Minister Fumio Kishida praised the state-of-the-art anti-counterfeit traits of the new 10,000 yen, 5,000 yen, and 1,000 yen bills as historic.

The new bills feature prominent figures in Japanese history, celebrating capitalism, women’s equality, and scientific innovation. The 10,000 yen bill showcases Eiichi Shibusawa, known as “the father of Japanese capitalism,” while the 5,000 yen bill features Umeko Tsuda, a pioneer feminist and educator. The 1,000 yen note portrays physician and bacteriologist Shibasaburo Kitasato.

In addition to the hologram technology, the new bills also feature larger printing for easier readability, especially for Japan’s aging population. By the end of March next year, nearly 7.5 billion new banknotes will have been printed, with an estimated 1.6 trillion yen ($10 billion) going out in a single day.

While cashless payments have been slower to catch on in Japan compared to other countries, Bank of Japan Gov. Kazuo Ueda emphasized the importance of cash for safely settling payments anywhere and anytime.

The new banknotes are currently being distributed to banks and financial organizations before reaching automatic teller machines and stores. It may take some time for ordinary people to get hold of the new bills, but they are expected to help energize the Japanese economy.

Overall, the introduction of these new banknotes marks a significant step in Japan’s efforts to combat counterfeiting and promote economic growth.