On Tuesday, Japanese finance minister Taro Aso announced that Japanese banknotes will be getting a redesign. The new notes are expected to enter circulation around 2024, the first change since 2004.

Japan issued new banknotes for the first time in 20 years on July 3. They are mostly made from a material produced about 5,000 kilometers from Japan ― in Nepal. NHK New Delhi Bureau Chief ...

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.