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History of Japanese Paper Currency(Showa era)

update:2024/3/28

Showa 2(1927)

History of Japanese paper currency

The Otsu 200-yen note with the reverse side left blank was urgently printed and issued to avert a state of emergency due to the financial crisis.

The Otsu 200-yen note

Major events

  • The financial crisis breaks out

Showa 17(1942)

History of Japanese paper currency

The new series of banknotes, the I-Series and the Ro-Series, in which the letters indicating the notes to be convertible were deleted, were issued sequentially from 1942 to 1945.

Major events

  • The Pacific War breaks out
    (Showa 16)
  • A managed currency system is introduced to enable currency to be issued regardless of the gold or silver stockpile.

Postal rate

Envelopes (20g): 5 sen
Postcards: 2 sen

Showa 21(1946)

History of Japanese paper currency

Under the Bank of Japan Notes Deposit Ordinance, banknotes with certificate paper affixed were used as a substitute for new banknotes.

a substitute for new banknotes

Six denominations of the series-A notes were issued sequentially from 1946 to 1948.

Six denominations of the series-A notes

Major events

  • The Pacific War ends
  • The promulgation of the Decree on Emergency Financial Measures leads to the issuance of new banknotes (Series-A notes).

Postal rate

Envelopes (20g): 30 sen
Postcards: 15 sen

Showa 23(1948)

History of Japanese paper currency

Japan’s smallest-sized note was issued.
(Series-A 5-sen note: 48 mm x 94 mm)

Series-A 5-sen note

Major events

Postal rate

Envelopes (20g): 5 yen
Postcards: 2 yen

Showa 25(1950)

History of Japanese paper currency

Four denominations of the Series-B notes were issued in sequentially from 1950 to 1953.

Four denominations of the Series-B notes

Major events

  • San Francisco Peace Treaty
    (Showa 26)

Postal rate

Envelopes (20g): 8 yen
Postcards: 2 yen

Showa 32(1957)

History of Japanese paper currency

The Series-C 5,000-yen note was issued.

The Series-C 5,000-yen note

Major events

  • Japan joins the United Nations
    (Showa 31,33)

Postal rate

Envelopes (20g): 10 yen
Postcards: 5 yen

Showa 33(1958)

History of Japanese paper currency

The Series-C 10,000-yen note was issued.

The Series-C 10,000-yen note

Major events

  • Opening of the Kanmon Tunnel
    (Showa 33)

Showa 38(1963)

History of Japanese paper currency

The Series-C 1,000-yen note was issued.

The Series-C 1,000-yen note

Major events

  • Hosting of the Tokyo Olympic Games
    (Showa 39)

Showa 44(1969)

History of Japanese paper currency

The Series-C 500-yen note was issued.

The Series-C 500-yen note

Major events

  • Opening of the Tomei Expressway

Showa 51(1976)

History of Japanese paper currency

The alphanumeric serial number color of the Series-C 1,000-yen notes was changed from black to blue since all the serial numbers had been used up.

Major events

Postal rate

Envelopes (25g): 50 yen
Postcards: 20 yen

Showa 59(1984)

History of Japanese paper currency

Series-D notes with the simultaneous design changes of three denominations were issued.

Series-D notes

Major events

  • Hosting of the International Exposition, Tsukuba, Japan
    (Showa 60)

Postal rate

Envelopes (25g): 60 yen
Postcards: 40 yen

Postage fees change: “Postal Statistics” (edited and published by Management Planning Division of Postal Bureau, Ministry of Posts and Telecommunications)

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