Cash-loving Japan redesigns banknotes for first time in two decades

Bills embrace cutting-edge tech in a world first, are clearer to non-Japanese

20240703 new bank note

BOJ Governor Kazuo Ueda speaks during a ceremony on the day of the new notes of 10,000 yen, 5,000 yen and 1,000 yen went into circulation, at the BOJ headquarters in Tokyo on July 3. (Pool photo)

NANCY ZHENG, Nikkei staff writer

TOKYO -- Japan, which maintains a strong affinity for cash and where cashless payments remain lower than in other major Asian countries, is getting new banknotes in the first redesign in two decades, integrating advanced technology to enhance security and usability.

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