Photo/Illutration The new 10,000-yen banknote to be issued as early as the first half of July 2024 (Shigetaka Kodama)

Three new banknotes from the Bank of Japan featuring three new faces as well as unprecedented technology to prevent counterfeiting will be issued as early as July of next year, marking the first design changes in 20 years. 

Finance Minister Shunichi Suzuki announced the approximate issuance date on June 28.

The manufacturing process of the new 10,000-yen ($69.20) banknote was shown to the media at the National Printing Bureau’s Tokyo plant in the capital’s Kita Ward on the same day.

The 10,000-yen banknotes featuring the portrait of Eiichi Shibusawa (1840-1931), an entrepreneur and business leader in early modern Japan known as “the father of Japanese capitalism,” were being printed.

The machine attached a 3-D hologram to the banknote, the first technology on any currency in the world, to deter counterfeiters.

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The new 10,000-yen banknotes are printed in Tokyo’s Kita Ward on June 28. (Shigetaka Kodama)

One thousand banknotes were bundled, and 10 bundles were wrapped. They are delivered to the Bank of Japan in units of 40 bundles, officials said.

It has been about 40 years since the portrait changed on the 10,000-yen banknote in 1984, when it changed from Prince Shotoku, an influential leader in the sixth to seventh century, to Yukichi Fukuzawa (1835-1901), a prominent educator.

The new 5,000-yen banknote features Umeko Tsuda (1864-1929), a pioneer in women’s education who founded Tsuda University in Tokyo, replacing Ichiyo Higuchi (1872-1896), a writer.

The new 1,000-yen bill will have a portrait of Shibasaburo Kitasato (1853-1931), a pioneer in serotherapy treatment, replacing Hideyo Noguchi (1876-1928), a bacteriologist.

The numbers written on the new banknotes are large and easier to read. They are also designed to be identifiable to the type of bill by touch.