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How to Identify Counterfeit Japanese Yen

Identify Counterfeit Japanese Yen with Key Security Features

Japan is known for its efficient economy, rich culture, and technological advancements. The Japanese yen (¥) stands as one of the most traded currencies in the world, symbolizing the nation’s economic stability. Unfortunately, with this popularity comes a common risk faced by many major currencies: counterfeiting.

Counterfeit money undermines public trust, impacts the economy, and is a crime in Japan and worldwide. This blog will help you understand how to identify counterfeit Japanese yen, ensuring that your transactions remain safe and secure.

Understanding the Japanese Yen: A Brief Overview

Before diving into the methods of identifying counterfeit Japanese yen, it’s essential to familiarize yourself with the legitimate versions of the currency. The Bank of Japan (BoJ) issues yen banknotes and coins. The yen banknotes are available in denominations of ¥1,000, ¥2,000, ¥5,000, and ¥10,000. Each of these notes is equipped with unique security features that make them difficult to counterfeit.

Japanese yen coins are also available in denominations of ¥1, ¥5, ¥10, ¥50, ¥100, and ¥500, but banknotes are generally more prone to counterfeiting, and hence, they have numerous anti-counterfeit features embedded.

Common Techniques Used by Counterfeiters

Counterfeiters attempt to replicate yen banknotes by printing fake notes that appear similar to genuine ones. They typically use inferior quality paper, inks, and a lack of advanced technology, making it possible for you to identify the fake currency if you know what to look for.

Security Features of the Japanese Yen Banknotes

The Bank of Japan has equipped yen notes with various security features to counter forgery. Understanding these features is key to identifying counterfeit yen. Let’s go through the prominent security features that will help you recognize genuine banknotes:

  1. Watermark

A watermark is one of the most straightforward ways to verify the authenticity of Japanese yen banknotes.

  • Hold the note up to a light source. You should be able to see a watermark of a portrait that matches the printed one on the note. For example, on a ¥1,000 note, the portrait of Hideyo Noguchi should be visible as a watermark.
  • The watermark appears with varying shades of light and dark, creating a three-dimensional effect, making it challenging for counterfeiters to replicate.
  1. Holographic Image (¥5,000 and ¥10,000 Notes)

Higher denomination notes, such as ¥5,000 and ¥10,000, are equipped with a holographic image for additional protection.

  • This hologram changes its appearance when tilted, displaying a vibrant, shifting pattern.
  • For example, the ¥10,000 note features a holographic image of Yukichi Fukuzawa that changes colour depending on the angle of view.
  1. Intaglio Printing (Raised Printing)

Japanese yen notes use intaglio printing, a process where ink is pressed into the paper to create raised areas.

  • You can feel these raised prints by running your fingers over specific areas, such as the denomination numbers or the portrait.
  • The texture of intaglio printing gives the notes a distinct tactile feel, which counterfeit notes often fail to reproduce accurately.
  1. Pearl Ink

The Bank of Japan uses a special pearl ink on some parts of the banknote, especially on higher denominations.

  • The ink gives the banknotes an iridescent shine when held at an angle.
  • For example, on the ¥10,000 note, the numbers in the bottom right corner change colour with movement due to the pearl ink.
  1. Latent Images

Latent images are hidden features that are only visible when viewing the note from a specific angle.

  • On Japanese yen, the number representing the note’s denomination becomes visible when you tilt the note horizontally.
  • This feature helps confirm authenticity, especially when other security features are unclear.
  1. Microprinting

Japanese yen banknotes contain tiny texts that are difficult to replicate.

  • Under magnification, look at the denomination number or other decorative patterns. You will see microprinted words like “NIPPON GINKO” (Bank of Japan).
  • Counterfeiters often fail to reproduce such fine details accurately, leading to smudging or a lack of clarity in counterfeit notes.
  1. Security Thread

All Japanese yen notes have a security thread embedded vertically through the paper.

  • When held up to the light, this security thread appears as a dark line running from top to bottom.
  • The thread will contain visible text with the denomination value and “NIPPON GINKO” in an alternating pattern.
  1. Luminescent Ink

Some parts of the Japanese yen banknotes are printed with luminescent ink that glows under ultraviolet (UV) light.

  • Use a UV light to check the note—certain areas will fluoresce, revealing otherwise invisible patterns or numbers.
  • Genuine yen banknotes will have specific glowing features that counterfeiters often miss or fail to replicate.

Step-by-Step Guide to Identifying Counterfeit Japanese Yen

To effectively identify counterfeit yen, it is essential to use a combination of the above security features, as counterfeiters may successfully replicate one or two features, but usually not all of them. Below is a step-by-step guide you can follow to authenticate a Japanese yen banknote:

Step 1: Visual Inspection

  • Examine the overall quality of the note, including the print, colours, and sharpness of details.
  • If available, compare the note with a known genuine one. Genuine notes will have consistent colour, while counterfeit ones often show irregularities.

Step 2: Feel the Note

  • Run your fingers over the portrait and denomination number to check for raised intaglio printing.
  • Counterfeit notes are often made with poor-quality paper and lack the same tactile features.

Step 3: Use Light to Check the Watermark and Security Thread

  • Hold the note up to the light to see the watermark and security thread. Both features should appear clearly without any blurring.
  • The security thread should be embedded within the paper and not printed or pasted onto the surface.

Step 4: Tilt the Note

  • Tilt the note to check for colour-shifting effects in the pearl ink, the holographic patch (if applicable), and latent images.
  • These dynamic features help distinguish a genuine note from a counterfeit one.

Step 5: Use Magnification and UV Light

  • With a magnifying glass, examine the note for microprinting. The text should be crisp and easy to read.
  • Use a UV light to see the glowing elements. Genuine yen will have specific glowing areas, which counterfeiters often overlook.

Identifying Fake Japanese Coins

Counterfeit yen coins are less common but do still exist. Here’s how you can identify them:

  • Material and Weight: Genuine yen coins are made from specific metals, such as copper, nickel, or aluminium, and have distinct weights. Counterfeit coins might feel lighter or heavier, depending on the material used.
  • Edge and Surface: Inspect the edges and surfaces of coins for irregularities. Genuine yen coins have clean, sharp edges and a smooth surface without smudges or imperfections.
  • Sound Test: Dropping a genuine coin on a hard surface will produce a distinct metallic sound. Counterfeit coins may have a duller tone due to the materials used.

What to Do if You Receive Counterfeit Currency

If you suspect that you’ve received counterfeit yen, follow these steps:

  1. Do Not Attempt to Use It: Using counterfeit currency, even unknowingly, is illegal and can lead to penalties.
  2. Report It: Contact the local authorities or the nearest police station. In Japan, it’s a legal requirement to report counterfeit money.
  3. Note the Details: If possible, remember or note any information about the person or place from which you received the counterfeit money. This can assist law enforcement in tracing the source.

How Unimoni Can Assist

When it comes to managing foreign exchange, Unimoni is your trusted partner. With years of expertise in financial services, Unimoni offers a wide range of services, including international money transfers, foreign currency exchange, and travel solutions, which can help you avoid the risks associated with counterfeit currency.

  1. Secure Currency Exchange

Unimoni provides a reliable and secure platform for currency exchange. When exchanging money at Unimoni, you are guaranteed authentic Japanese yen notes, as Unimoni strictly adheres to guidelines set by regulatory authorities, including the Reserve Bank of India (RBI) and other global bodies. The currency you receive undergoes multiple checks and verifications, ensuring it is genuine and free from any counterfeiting concerns.

  1. Expert Assistance and Currency Education

If you’re travelling to Japan and need yen for your trip, Unimoni offers competitive exchange rates and provides you with education about currency identification. You can consult Unimoni experts, who will guide you on identifying genuine yen and inform you about the security features to look for in your currency.

  1. Peace of Mind During International Transfers

When sending money to Japan through Unimoni, you can rest assured that your funds will be handled carefully and reach the recipient securely. Unimoni uses international networks, like SWIFT, to facilitate cross-border payments, ensuring that you and your loved ones don’t have to handle large amounts of physical cash, thus reducing the risk of counterfeit notes.

  1. Travel Solutions Including Forex Cards

For travellers, Unimoni offers forex cards that can be loaded with Japanese yen. Forex cards are a safer alternative to carrying physical cash and are accepted at most merchants and ATMs across Japan. Using a forex card can bypass the risk of handling counterfeit yen altogether. Unimoni’s Forex cards are reloadable, easy to use, and come with 24/7 support, providing peace of mind during your travels.

Unimoni offers complete assistance, including assistance for overseas education, educational loans, student accommodation, flight ticket booking, Visa assistance and certificate attestation. We also provide travel insurance and travel and holiday solutions.

With Unimoni’s expertise in currency exchange and international financial services, you can be confident in the authenticity of your yen. Let Unimoni help you have a safe and counterfeit-free experience when dealing with Japanese yen.