The new 5,000-yen bill portrays educator Umeko Tsuda (1864-1929), who founded one of the first women’s universities in Japan, while the 1,000-yen bill features a pioneering medical scientist, Shibasaburo Kitasato (1853-1931). education Incredibly, the court heard how the conman Rae had looked into a Lake District property with helicopter landing pad in the belief ‘major money, in the form of billions, was coming for himself and the investors’.  The court heard Rae convinced investors to part with money by claiming he had secured a ‘major financial investment’ but could not reveal the specifics of it as he had signed a non-disclosure agreement in relation to it.

‘As a result of his lies, deceit, false promises and, as they turned out worthless assurances, those customers have, while he enjoyed the high life, at best lost the entire value of their investments and at worst been rendered penniless.’ “The machine replacement has no sales impact, so it’s only negative for us, on top of rising costs of labour and ingredients,” said Shintaro Sekiguchi, who spent about 600,000 yen for ticket machines at three ramen shops he runs in southern Tokyo.

“It might take until year-end to respond to this,” said Takemori Kawanami, an executive at ticket machine company Elcom. “That’s too slow, but we are short of components,” he added, as client orders for upgrades exceeded expectations. Though existing bills stay in use, train stations, parking lots and ramen shops are scrambling to upgrade payment machines while the government pushes consumers and businesses to use less cash in its bid to digitise the economy. The notes use printed patterns to generate holograms of the portraits facing different directions, depending on the angle of view, employing a technology that Japan’s National Printing Bureau says is the world’s first for paper money.

Miss Smithies added: ‘Meanwhile, he was enjoying luxuries, there is reference in the papers to a £200,000 Aston Martin, a luxury trip with friends via private jet to a golf tournament in the US, the jet cost £114,000. Although cashless payments in Japan have almost tripled over the past decade to make up 39% of consumer spending in 2023, that share lags global peers and should rise to as high as 80% to improve productivity, the government says.

Miss Smithies said when worried investors asked questions about their money, they were told to ‘stop badgering’, ‘f*** off, in terms’ and others were warned if they kept asking they would ‘go to the back of the queue’. TOKYO, July 3 (Reuters) – Japan began circulating its first new banknotes in 20 years on Wednesday, featuring three-dimensional portraits of the founders of financial and female education institutions in an attempt to frustrate counterfeiters. Some lost their entire pensions, one woman who retired not only lost her home but had to return to work and a father was unable to fulfil his promise to pay for his daughter to attend university, meaning her chance at higher education was lost.

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