On July 3rd, 2024, the Japanese Yen got a redesign, the first in 20 years! (More below…)
Episode information
GTV 174 “New Money" Season 9 Episode 14
Original Airdate: July 3, 2024
Produced June 26, 2024
Recorded at Butsudan Studios and edited on my 14” MacBook M1 Pro! Edited and produced with Photoshop and Final Cut Pro, all paid for with Gainful Employment™ while riding the train to work and home, back and forth, day after day, and lunch breaks too!
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Transcript
On July 3rd, 2024, Japan got an overhaul of its currency with new designs rolling out for each of its major banknotes, replacing designs that were in circulation for 20 years!
The new bills are redesigned with many new features and reflect a 21st century sensibility to cold hard cash!
If your unfamiliar with the Japanese Yen, there are 3 three main denominations, 1,000, 5,000 and 10,000. These values are unchanged from the previous series of notes.
The 1,000 yen note is blue, and features Shibasaburō Kitasato on the front. He invented tetanus serum therapy and founded the Institute for Infectious Diseases and Kitasato Institute, contributing to many advances in modern medicine.
The back depicts the Ukiyo-e artwork “Under the Great Wave off Kanagawa,” one of the most famous works by artist Katushika Hokusai.
These designs replace the old 1,000 note which featured Hideo Noguchi, a medical pioneer himself.
The 5,000 yen note is purple and features Umeko Tsuda, who devoted her life to the higher education of modern women and found Joshi Eigaku Juku which is now named Tsuda University in her honor.
The back features Japanese wisteria flowers, called Fuji, which have been cherished since ancient times. Fuji have been documented in the two oldest Japanese books, The appear in Kojiki and The Manyoshu as well.
These designs replace the old 5,000 note which featured Ichiyo Higuchi, a poet who lived in the late 19th Century.
The 10,000 yen note is Brown and features Eiichi Shibusawa, who was involved in of the establishment of around 500 businesses during his lifetime and is often called "The father of the modern Japanese economy"
The back depicts Tokyo Station, as it looked when it first opened in 1914. The building is commonly known as the “Red Brick Station.” and Tokyo station itself underwent renovations for its 100th anniversary to recapture the style of the original building.
These designs replace the old 10,000 note which featured Yukichi Fukuzawa, an envoy who travelled extensively around the world after Japan reopened itself to the world in 1853.
These notes employ a number of anti-counterfeiting technologies. 3D holograms are used for the first time, while the designs feature extensive microprinting. The portraits are off center and are combined with a high definition watermark.
The famous faces were chosen not only for the contributions to Japanese society but also because these peoples had been photographed often, with each portrait based on a composite of photos of each person during his or her lifetimes. This makes counterfeiting much more difficult. As the faces seen on the notes don't actually exist.
The new notes also make changes to assist the visually impaired. The notes feature Arabic and Japanese numbers, in a much lager size than the older designs on the front and on the back. Each note also contain tactile marks that feel different with each denomination. The sizes are also varied: with the 1,000 yen note being the smallest, 5,000 yen slightly bigger and 10,000 yen, the biggest.
