10 Yen
Features
| Location |
Japan
 |
|---|---|
| Issuing institution | Great Japanese Government - Ministry of Finance (大日本政府大蔵省) |
| Type | Paper exonumia |
| Year | 1943 (3868) |
| Calendar | Japanese - Shōwa era |
| Value | 10 Yen 10 JPY = USD 0.06 |
| Currency | Yen (1871-date) |
| Composition | Paper |
| Size | 183 × 129 mm |
| Shape | Rectangular |
| Issued | 12 April 1943 |
| Number | N# 557848 |
Reverse
Lettering: Aucun texte additionnel
Comments
Not a banknote, but a war bond (国庫債券) issued to finance the Japanese military effort during the Pacific War/Great East Asian War (大東亜戦争).
Officially: bonds "purchased" by the public
The imperial government presented these bonds as: a patriotic act, a civic duty and a direct participation in victory.
Propaganda emphasized the financial sacrifice required to support the army.
In reality: a very often forced purchase
From 1942-1943, the purchase became almost compulsory:
- For households
Neighborhood associations (隣組 tonarigumi) went door-to-door to impose quotas.
Families were strongly encouraged, sometimes intimidated, to buy a minimum amount.
Purchases were monitored and recorded.
- For companies
Companies received quotas imposed by the state.
Banks and agricultural cooperatives were required to place these vouchers with their customers.
Large industrial firms were obliged to buy them to finance the war effort.
- For local authorities
Prefectures and municipalities had subscription targets to meet.
Why this system?
Japan in 1943 was in a state of total mobilization: taxes were no longer sufficient. Inflation threatened. The government needed immediate liquidity.
Bonds were interest-free, so costing the Treasury little. They allow money to be withdrawn from circulation, limiting inflation.
This mechanism is typical of authoritarian war economies.
Did the Japanese believe they would be reimbursed?
Yes - officially, repayment was to take place after victory.
But after 1945, the imperial state disappeared. Bonds became worthless. The post-war government did not recognize them.
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| Date | VG | F | VF | XF | AU | UNC | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Undetermined | |||||||||||||||
| 1943-Apr-12 (3868) | |||||||||||||||
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Numista Rarity index: 93
This index is based on the data of Numista members collections. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members.
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