10 Yen

The Bank of Taiwan was a colonial institution, established in 1899 to serve Japanese financial interests on the island and across its expanding commercial network in Southeast Asia. It operated with note-issuing authority distinct from the Bank of Japan itself, which is why this series carries its own identity rather than falling under mainland Japanese currency law. The Cabinet Printing Bureau — Naikaku Insatsukyoku — handled production, the same government operation responsible for official Japanese state printing throughout this period.

The nine-year span of this issue reflects the turbulence of the era rather than a planned long print run. Japan's military expansion into China accelerated sharply after 1937, putting pressure on colonial financial structures across the board.