Japanese Government Hints at Issuing 50,000 Yen Bills, We Wonder What They’ll Look Like

A major flaw of Japanese currency is the 10,000 yen bill ceiling of banknotes.

For daily life, having a system of bills which max out at around 100 bucks US is not a problem. But for those special times when you want to buy something high-end like a computer or melons, your wallet suddenly swells to the size of a baseball.  In country that largely shuns checks or debit cards, cash is still king – a thick, hard to fit in your back pocket king.

Rumors are swirling about financial reforms in the works by Shinzo Abe’s recently elected Liberal Democratic Party involving, among other things, the issuing of 50,000 yen bills.　Yes, it looks like – for once – a politician is looking out for the needs of people with too much money.

Read More