Japan began circulating its first new banknotes in 20 years on Wednesday, featuring three-dimensional portraits of the founders of financial and female...
TOKYO - Japan began circulating its first new banknotes in 20 years on Wednesday, featuring three-dimensional portraits of the founders of financial and female education institutions in an attempt to frustrate counterfeiters.
The new 5,000-yen bill portrays educator Umeko Tsuda , who founded one of the first women's universities in Japan, while the 1,000-yen bill features a pioneering medical scientist, Shibasaburo Kitasato . The central bank has been conducting experiments on digital currencies, but the government has made no decision on whether to issue a digital yen.The first renewal of paper money since 2004 spurred businesses to upgrade payment machines for cash-loving customers.
"The machine replacement has no sales impact, so it's only negative for us, on top of rising costs of labour and ingredients," said Shintaro Sekiguchi, who spent about 600,000 yen for ticket machines at three ramen shops he runs in southern Tokyo. Beijing should be wary of wider decoupling risks as even close trading partners mirror the US in demanding restrictions on Chinese-made imports, a consultancy has warned, even if the impact of the latest US tariff hikes would be "manageable". The warning from Dalian Infobank, a Chinese trade data and analysis agency, comes as the world's No. 2 economy faces increasing trade frictions globally.
Ticket Machines Bank Of Japan National Printing Bureau
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