Catalog
1 Yen
| Issuer | Bank of Japan |
|---|---|
| Year | 1946 |
| Type | Standard circulation banknote |
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| Obverse description | Black on light brown underprint. A vignette at lower center depicts a rooster amid a sheaf of maize and wheat; to the right, a portrait of Ninomiya Sontoku, the renowned agricultural reformer and moralist. Bank of Japan inscriptions and denominational numerals appear in both kanji and Latin characters, with the signatures of the Director-General of the Currency Issue Department and the Governor's seal. |
|---|---|
| Obverse lettering | 1|YEN 170622 壹 券行銀本日 日 圓壹 本 銀 行 長券発 之総 局 印裁 1 1 圓壹 (Translation: 1 Bank of Japan note One yen Bank of Japan Director-General of the Currency Issue Department Seal of the Governor One yen) |
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| Comments |
This note was part of Japan's postwar emergency currency program, issued under Allied occupation oversight while the existing monetary system was being dismantled and restructured. The Bank of Japan had lost effective independence; GHQ's Economic and Scientific Section exercised final authority over monetary policy during this period, making the issuing authority's name on the note something of a formality.
The Government Printing Bureau had survived the war intact enough to resume production quickly, but paper quality during 1946 was inconsistent — a known characteristic of this series, and a factor collectors should examine closely.