
I’m sure I’m not the first to admit that life would be so much easier if money grew on trees, or even if earning more money were as simple as just printing it off your computer. But alas, the world does work that way, and anyone caught trying to spend counterfeit money is bound to end up in hot water, as these two Japanese suspects are sure to tell you.
Joint investigation headquarters of Osaka, Hyogo, and Niigata prefectural police announced this January 14 that company executives Takeshi Aoyama from Toyohashi City, and Masahiko Ito from Niigata City, were arrested under suspicion of importing forged money from China.
Just how much money, you ask? According to the reports, there were 108 10,000-yen bills. A 10,000-yen bill is the equivalent of a US hundred-dollar bill, so that’s about a cool US$10,800 in (fake) cash right there. And what was particularly interesting about these bills is that they were forgeries of the old-style 10,000-yen note.
The Bank of Japan’s homepage states that the old bills, first issued in 1958, featured Prince Shōtoku, a legendary regent and politician in late 6th century Japan. Prince Shōtoku was then replaced on the bills in 1984 by Yukichi Fukuzawa, famous philosopher and founder of Keio University.
▼The prince in all his glory…
▼…before Mr. Yukichi took over

Seventy-eight-year-old Aoyama and 44-year-old Ito are suspected of smuggling the old bills from Shanghai into Chubu Airport in Aichi Prefecture in June 2013. Investigations continued that July after old bills brought in to be exchanged at a bank in Niigata were found to be fake, and another fake bill was found listed on an online auction website.
When questioned, Aoyama claimed that he received over 200 of the bills from a Chinese man after paying him, and Ito adds that they didn’t know whether or not the bills were fake.
The two still took the money in to banks within the country to be exchanged, and also gave them to friends and acquaintances, persuading them that there were still many of the old bills in use in China, and encouraging them to invest the money.
Coincidentally enough, back in 2012, Aoyama and Ito established the “Nicchuu Rekishi Kouryuu Kyoukai“, with roughly translates as “Sino-Japanese Historical Exchange Association”. Aoyama states he was urged to establish the association by the same man who gave him the fake bills. Guess there was a bit more than just history being exchanged there?

If you don’t want to get in trouble with the big guys, it might be a good idea to keep the fake money for playtime!
Source: The Asahi Shimbun
Featured image: Wikipedia

Two Japanese high school kids arrested in “really bad” attempt at cash fraud
Japanese Man Arrested for Using Novelty Cash, Clerk Tipped off by Laughing Yukichi
Yamanashi man arrested for making fake money and tricking people into picking it up
Man counterfeits 50,000 yen using only a 100-yen shop, a convenience store, and a Japanese custom
Let this be a reminder to everyone: There’s no such thing as easy money!
Japanese convenience store releases Japanese convenience store-flavor fried chicken
Japan now has human refrigerators inspired by Japanese vending machines
Studio Ghibli releases anime T-shirts that pay homage to one of Hayao Miyazaki’s most personal films
Hatsune Miku collaborates with Hokusai’s art in new Vocaloid ukiyo-e illustration series [Pics]
Family Mart’s new Tokyo flagship convenience store doesn’t feel convenient, but is that a problem?
Starbucks Japan releases new fireworks collection that captures the beauty of a summer festival
Starbucks Japan releases new Discovery Series collection celebrating local regions and traditions
Japan’s favorite quasi-local curry launches convenience store version – Does it match the real deal?
Japan’s ultracompact kei car taxis are now ready for travelers to ride, if you know where to find them
Tokyo’s viral 90-yen cafe pop-up returns to Harajuku with yogurt coffee
Cup Noodle unveils first-ever cold-water instant ramen in Japan
Teen girl in Japan refuses to be victim, personally escorts train pervert to police for arrest
Japanese government ID card and app to be required for certain Pokémon card purchases next month
Is Japan’s tourism boom slowing down? Foreign visitor numbers fall for first time in five years
Japan announces sudden 400-percent increase in visa fees for foreigners entering the country
Studio Ghibli has a new anime out, and there’s only one place in the world where you can see it
Salomon releases Japan-exclusive Mt. Fuji hiking gear that doubles as an amazing souvenir
Japanese ninja certification exam attracts 131 candidates from Japan and abroad
Japan triples departure tax, foreign tourists and locals now must pay more to leave country
Japan launches first overnight Shinkansen bullet train between Tokyo and Osaka this summer
Family Mart opens new “Famima” flagship store in Tokyo that’s like a tourist attraction
Japan’s human washing machines will go on sale to general public, demos to be held in Tokyo
Starbucks Japan releases new drinkware and goods for Valentine’s Day
Starbucks Japan releases new sakura goods and drinkware for cherry blossom season 2026
Japan’s newest Shinkansen has no seats…or passengers [Video]
Put sesame oil in your coffee? Japanese maker says it’s the best way to start your day【Taste test】
Japan reportedly adding Japanese language skill requirement to most common foreigner work visa
How to spot the new sophisticated counterfeit bills circulating in Japan
A fun and cheap souvenir for kids: 100-yen shop play money featuring Japan’s brand-new yen bills!
What should you do if you have Japanese money that’s been destroyed like this?
Aichi man arrested for stealing 70,000 yen in toy money from safe
Japanese woman seeks justice after buying four million-dollar bills from counterfeiters
Osaka woman gives foreigner Uber Eats worker fake money, thought he wouldn’t know difference
Can you use the fluctuating exchange rate and Japan’s weak yen to make some money? We find out
The Bank of Japan is really jazzed up about the new 10,000 yen bill
Okinawan man arrested for buying cigarettes with currency of the dead
Japan is changing its yen bills soon, so beware of scam artists, government warns
Pretty money – Poll reveals Japan’s “coolest” cash
Mysterious Japanese woman gives one million yen in cash to man she’s never met, then disappears
Japanese city abolishes 88th birthday celebratory money gift because people are living longer
Nike Air Mo’ Money sneakers with Japanese text and yen symbols are the coolest kicks around