Author
Topic: Bank of Japan Issuing New Bank Notes in 2024  (Read 4212 times)
coinsplus
  • Moderator
  • *****
  • Posts: 763
  • Yabba Dabba D'OH$$$
    • More about me.
« on: April 16, 2023, 01:55:33 am »

For those interest in Japanese currency, they are issuing brand new bank notes in 2024.

The link below is a clip from Japan’s NHK News footage taking about the release of the notes.  They also talk about that Japan has only 32.5% uptake as a cashless society. This means that 68% of population still use cash in daily transactions. The footage is in Japanese.

https://youtu.be/oSgqjwSjIq4

Here is the official information from the Bank of Japan (in English):

https://www.boj.or.jp/en/note_tfjgs/note/n_note/index.htm

.pdf of the current notes vs the new notes to be issued and the updated security features:

https://www.boj.or.jp/en/note_tfjgs/note/n_note/data/n_note3.pdf

« Last Edit: April 16, 2023, 01:59:26 am by coinsplus »

  Smile from your heart.  ;D
AZ
  • Senior Member
  • ****
  • Posts: 345
« Reply #1 on: April 16, 2023, 10:18:26 am »

For those interest in Japanese currency, they are issuing brand new bank notes in 2024.
It is refreshing to see loyalty to cash in a such technologically advanced country as Japan. There is still hope for our hobby! What is interesting is that the security features on these new notes are fairly obsolete by today’s standards. Many banks have switched from holograms (which can be easily counterfeited) to wide segmented security threads and color-shifting inks.
coinsplus
  • Moderator
  • *****
  • Posts: 763
  • Yabba Dabba D'OH$$$
    • More about me.
« Reply #2 on: April 16, 2023, 01:53:33 pm »

I completely agree with you AZ.  I am astonished as well in regards to the uptake of electronic forms of payments such as credit cards, e-transfers, PayPal, etc.  Debit card transactions are almost non-existent in Japan.

With respect to the security features, yes, they are “old” school technology.  Not sure why the Bank of Japan did not resort to more advanced security features, given how technologically advanced they are with electronics, etc.

I can’t believe they have 16K TVs in Japan, while we only have 4K TVs in North America! 😉

  Smile from your heart.  ;D
walktothewater
  • Very Senior Member
  • *****
  • Posts: 1,385
  • Join the Journey
    • Notaphylic Culture
« Reply #3 on: April 18, 2023, 05:55:23 pm »

AZ & coinsplus, you're making comments about things (technology) which has nothing to do with people's behaviour (cash use) or going into debt using CC, Debit cards, or Paypal for instant gratification. As the pandemic has proven, human behaviour is much more a product of the culture & circumstances rather than the gizmos we surround ourselves with.

I've never been to Japan but my wife has & she told me that the Japanese always clean up their garbage in the stadiums after a ballgame.  Can you imagine that happening in Toronto after a Blue Jays game? I've been to a few Jay games & I know I can't (we're all in a rush to get home). There's a real sense of duty (& being responsible) in Japan (not here).

We Canadians want/expect fast service much more than a lot of other nations.(I have many friends who will never use cash b/c they want to fly through the debit check outs at the grocery stores).  I rarely saw this on my travels to East Asia (where people wait patiently in a queue).

In Japan, there's an unwritten social contract & a loyalty to the company you work for.  We see a little bit of loyalty to the companies here but nothing like what is witnessed in Japan. Plus it's a very insular culture (fear of outsiders is very real there).  I'm sure there's probably an ingrained value that you only spend what you have. Here, we love to use our credit. These are observations my wife made while spending time with friends near Tokyo (not mine) & I have noticed many of these same values in Thailand & the Philippines.

Now let's focus on the Better than Cash Alliance which is one of the driving forces to eliminate the current 30-40% of cash transactions here in Canada & elsewhere around the globe. Check out their website below:
https://www.betterthancash.org/. This lobby (propaganda) group is funded by Bill Gates, Visa & others who stand to profit from less cash use.  They're very successful as i've seen countless posters link high denominations with criminal activities on social media ($1000 notes called "pinkies" b/c the mafia use them, etc, etc).

A couple years ago, when I looked at the BTCA site, it was about how clean (sanitary) digital payments were which helped reduce the spread of COVID (yeah right ::). Before that, I recall the images of combating crime & having secure payments (oh brother!  :D ).  Now there's only a focus on empowering women & helping nations climb out of poverty!  How their tune has changed (& keeps fluid)!  I don't even recognize their song anymore! It will likely be different again in a couple of years.
 
Check out wiki's entry on the BTCA:
https://en.wikipedia.org/wiki/Better_Than_Cash_Alliance
I don't see any wealthy nations like Japan, Germany or Switzerland as members.  I see Philippines listed which is ironic b/c good luck finding a business that will take a credit card!  But I guess that's what the alliance wishes to change.
« Last Edit: April 18, 2023, 06:03:12 pm by walktothewater »

kai
  • Junior Member
  • **
  • Posts: 34
  • Collector of world banknotes
    • Paper Banknotes
« Reply #4 on: August 21, 2023, 01:01:56 am »

Does this mean no new 2000 yen? Some claimed that the 2000 yen was issued as a commemorative note (Millennium year and G8 meeting) and some said it was not. Or perhaps the people in Japan do not like to count in pares - 2, 4, 6, 8 etc

http://paperbanknotes.blogspot.com

Welcome anyone who wishes to exchange uncirculated banknotes with me. Many Thanks
 

Login with username, password and session length