Japan to introduce first new banknotes in 20 years on Wednesday

Japan will introduce new banknotes for the first time in 20 years on Wednesday. The country will put into circulation three new banknotes that use cutting-edge technology to prevent counterfeiting.

The new banknotes are expected to become available as early as Wednesday morning after the Bank of Japan delivers them to financial institutions around 8 a.m. The government and the BOJ plan to print 7.48 billion new banknotes by March next year.