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1 Ryō Dajōkan-satsu

Uitgever Dajōkan (Grand Council of State)
Jaar 1868-1869
Type Standard circulation banknote
Waarde Log in om details te zien
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Beschrijving voorzijde Log in om details te zien
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Beschrijving keerzijde Letterpress in black with red overstamps. Vertical inscriptions occupy the central field within a frame bordered top and bottom by a pair of Hōō phoenix vignettes amid iridescent clouds over paulownia leaves. A red stamped seal appears at the terminal end of the right-hand inscription column.
Opschrift keerzijde 慶應戊辰發行
元締
通用十三年限
(Translation: Keiō [year] tsuchinoe-tatsu (Year of the Earth-Dragon) issue Motojime Circulation Thirteen years limit)
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Opmerkingen

The Dajōkan-satsu were the Meiji government's first paper currency, issued within months of the 1868 restoration to finance military campaigns against Tokugawa holdouts — most immediately the Boshin War. The new administration had virtually no reserve capital and no established central bank, so these notes were backed by little more than political will and the promise of future tax revenues denominated in rice.

Public acceptance was poor. Decades of Tokugawa-era han notes had left merchants deeply skeptical of government paper, and the Dajōkan-satsu traded at a steep discount against gold and silver coin almost immediately after issue. The government's attempt to mandate par acceptance by decree did little to help.

JNDA#10-4 falls within a series that ran across multiple denominations, all produced using traditional Japanese woodblock techniques rather than Western intaglio printing — a deliberate choice that would be abandoned within a few years as Meiji currency modernization accelerated toward the 1872 establishment of the national banking system.

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