Japan plans to redesign its banknotes to incorporate the latest anti-counterfeiting technology, according to Japan's Arabic website.
According to the newspaper, the Japanese website said that Japanese Finance Minister Taro Aso announced this Wednesday, adding that the design change will be the first since 2004, and it will appear in the category 10,000 Yen picture of Iichi Shibusawa, who is known as the father of Japanese capitalism.
The image of Umiko Tsuda, a pioneer in the education of women in Japan, will appear on the 5000 Yen banknote category. It is the institution of the University of Tsuda in Tokyo, and on the 1,000 yen banknote category a photo of the bacteriologist Shibasaburo Kitasato, a developer of tetanus, will appear.
On the other side, a picture of the artwork will appear Kanagawa's Great Wave of Woodbeam Printing Katsushika Hokusai, one of the most famous woodblock printing works in the world. >
The banknotes are expected to be circulated in circa 2024, and will include blank images and other modern techniques to prevent counterfeiting.
The 500 yen coin will also be redesigned around 2021.
The Minister of Finance says that the designs of banknotes change every twenty years or so to prevent counterfeiting.
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