Indicating the true purpose of education is not drilling, or teaching a lot of useless facts (which one can find on the Internet anyway), nor submission to established societal values, but leading out that which already is within. An educator, then, is a person who helps one achieve the fullness of one’s potential without trying to impose his own viewpoints. While Kishida talked up the latest technology to fight counterfeiting, it is not a major problem in Japan.
The 681 fake banknotes police detected in 2023 represented a sharp drop from a record high of 25,858 in 2004. The new 5,000-yen bill portrays educator Umeko Tsuda (1864-1929), who founded one of the first women’s universities in Japan, while the 1,000-yen bill features a pioneering medical scientist, Shibasaburo Kitasato (1853-1931). “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.
“Cash is a secure means of payment that can be used by anyone, anywhere, and at any time, and it will continue to play a significant role” even when alternative payment methods prevail, Bank of Japan Governor Kazuo Ueda told a Wednesday ceremony celebrating the new notes. Currency authorities plan to print about 7.5 billion newly-designed bills by the end of the current fiscal year. They will add to the 18.5 billion banknotes worth 125 trillion yen already in circulation as of December 2023.
Roughly 90% of bank ATMs, train ticket machines and retail cash registers are prepared to accept new bills, but only half of restaurant and parking ticket machines are ready, the Japan Vending Machine Manufacturers Association says. TOKYO, July 3 (Reuters) – 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.
“Our ramen doesn’t have high unit prices, so running the shop for a day or two would hardly pay for the replacement,” he added. ($1=161.6500 yen) (Reporting by Irene Wang; Writing by Kantaro Komiya; Editing by Clarence Fernandez and Stephen Coates) Existing bills will stay in use, but train stations, parking lots and ramen shops are scrambling to upgrade payment machines as the government pushes consumers and businesses to use less cash in its bid to digitise the economy.
The notes use printed patterns to generate holograms of the portraits facing different directions, depending on the angle of view, employing a technology that Japan’s National Printing Bureau says is the world’s first for paper money. Many Japanese fast-food restaurants such as ramen shops and beef bowl stores use ticket machines to cut labour costs, but some small business owners battling inflation are unhappy at the extra investment needed.
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