The government on Tuesday announced a redesign for ¥10,000, ¥5,000 and ¥1,000 bank notes, adding new technology to prevent counterfeits.
The new designs will be introduced in the first half of fiscal 2024, Finance Minister Taro Aso said.
The new ¥10,000 bill will feature Eiichi Shibusawa (1840-1931), a banker and business leader dubbed "the father of Japanese capitalism." Shibusawa played a key role in modernizing the Japanese economy, Aso said. The back side of the bill will feature an illustration of the Marunouchi side of Tokyo Station.