Catalog
10 Yen
| Issuer | Bank of Japan |
|---|---|
| Year | 1946 |
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| Value | 10 Yen |
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|---|---|
| Obverse lettering | (Translation: Nippon Ginko. Ju En. Ten Yen.) |
| Reverse description | The reverse is printed in green on cream paper, with an overall fine guilloche cross-hatched underprint filling the note field. A large interlaced ribbon knot vignette occupies the centre, enclosing the numeral 10, flanked on each side by square ornamental rosette medallions bearing the kanji character for ten (拾). The legend NIPPON appears in Roman letters at upper left, with the Japanese bank name 日本銀行 reading vertically at lower right. |
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| Comments |
Japan's postwar monetary disorder reached a peak in 1946 with the Emergency Financial Measures Ordinance of February that year, which froze existing bank deposits and mandated exchange of all old-series notes for new issues — this 10 Yen being among the replacement currency authorized under that scheme. The ordinance was designed to suppress wartime inflation by effectively wiping out liquid savings held in cash, a brutal measure that hit ordinary households far harder than the financial institutions it nominally targeted.
The print run of just over 12 million is modest by occupation-era standards, and the series was short-lived — superseded within a few years as the postwar reform issues stabilized.