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| 正面描述 | The obverse is printed in black and red-orange on white paper, with an intricate foliate and guilloche border framing the entire design. To the right, a finely engraved intaglio portrait of Takenouchi no Sukune — the legendary Japanese statesman — is set within an oval vignette, with his name inscribed in kanji below. Large red-orange kanji characters reading 軍用手票 (Military Currency) dominate the centre, flanked by the bank title 日本銀行兌換銀券 at the top, denomination medallions in each corner, and two circular anti-counterfeiting legend cartouches at the lower centre. |
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| 背面描述 | 登录 以查看详情 |
| 背面铭文 | NIPPON GINKO 軍用手票 Promises to Pay Bearer on Demand Yen in Legal ONE YEN 此票一到卽換正面所開 日本通貨 如有偽造變造仿造或知情行使者均應重罰不貸 |
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Japan's military yen notes issued from 1938 onward were legal tender within occupied territories at a forced par with the domestic yen — a deliberate mechanism for extracting local resources and labor without expending hard currency reserves. Merchants and civilians in China who accepted them had no practical recourse when redemption was later refused outright.
The M22 series was printed by the Cabinet Printing Bureau, the same facility handling domestic civil issue, which kept production quality consistent but also made military yen visually credible to populations unfamiliar with Japanese currency norms. After Japan's surrender in 1945, occupation authorities declared the notes worthless, leaving enormous quantities unredeemed across the former Co-Prosperity Sphere.