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29 December 2024

Japan's New Banknotes Highlight 2024 Trends

From finance to sports achievements, 2024 closes with impactful cultural narratives defining societal shifts.

Tokyo, Japan – The end of 2024 is upon us, and as the year draws to a close, JAPAN Forward has gathered insights on five of the top trending words encapsulating the main stories and sentiments among the readers throughout the year. From notable achievements to updates on the economy, these words reflect the pulse of current events.

Previously, we spotlighted the fifth trending term, "No Memorable Quote" (名言が残せなかった), which captures the introspection many have experienced this year. Following this, we recognized the fourth trending phrase, "50-50," which celebrates the historic accomplishments of baseball sensation Shohei Ohtani. Today, we focus on the third term, "New Banknotes" (新紙幣), marking a significant shift in Japan's financial fabric.

Launched in July 2024, Japan's new banknotes are crafted with advanced 3D hologram technology to improve security and combat counterfeiting. This marks the first overhaul of the currency system in over two decades. Gone are iconic figures like Hideyo Noguchi on the ¥1,000 note, Ichiyo Higuchi on the ¥5,000, and Yukichi Fukuzawa on the ¥10,000 note, replaced by new faces such as Shibasaburo Kitasato, Umeko Tsuda, and Eiichi Shibusawa.

Peter Tasker, a veteran contributor, took readers on a historical tour, vetting the significance of the new banknotes and particularly the remarkable legacy of Shibusawa, often called "the greatest venture capitalist of modern times." The introduction of these banknotes has sparked discussion about the future of cash transactions, particularly among small businesses heavily reliant on cash operations throughout Japan.

Concerns arising from this change signify more than just financial technology; they encapsulate different generations' attitudes toward cash and digital transactions. The shift invokes historical reflections, with Tasker emphasizing how moments like these echo broader trends within Japan's societal and economic structure.

The conversation then naturally shifts back to politics, where the second trending word of the year awaits. The past months have been rife with developments—stay tuned for more on the growing hidden money scandal (裏金問題) expected to take center stage next.

Meanwhile, as we sift through various sections of current events, other narratives are also making waves. According to live news updates, India is part of the year-end narrative with significant updates. This includes recent match results such as India's close Test series against Australia, reflecting the nation's sports fervor as well.

Transformative trends are also visible on social media. An animal rights activist went viral recently for confronting and slapping a dog sitter seen on video abusing a German Shepherd in Mumbai. The incident has stirred outrage and discourse on animal welfare, exemplifying how ordinary events can sweep through the digital space, amplifying voices for various causes.

On another note, the extravagant and perhaps controversial wedding spectacle occurring across the border in Pakistan has also captured attention. The father of the groom sparked debate by renting a plane to shower cash—a display interpreted by many as exemplifying the vast wealth disparity and social commentary on economic behavior within the region.

Back to India, there was also uproar when Bhojpuri singer Devi had her performance of the traditional "Raghupati Raghav" disrupted during Atal Bihari Vajpayee's centenary, denoting the blend of governance and entertainment and its impacts.

Meanwhile, Meghan Markle's fashion choices are stirring media buzz, with experts analyzing how her wardrobe and public appearance inform her narrative separate from Prince Harry and the royalty. The discussion highlights the interface of personal branding and sociopolitical narratives surrounding such prominent figures.

At the box office, Varun Dhawan’s film “Baby John” is experiencing challenges, struggling to perform financially. With its underwhelming performance, the movie's metrics are sparking wider conversations around changing viewer preferences and expectations.

Finally, festive preparations for New Year's Eve are prompting cities around India to issue guidelines for celebratory events, reflecting local cultural nuances and regulatory approaches.

Entering 2025, individuals across the globe prepare for diverse ways to celebrate and reflect on the passing year, balancing traditions with modernity. From wholesome family gatherings to interactive DIY events, creativity appears boundless as people embrace new forms of welcoming the future.

2024 has undoubtedly left its mark, characterized by notable changes, cultural shifts, and significant societal dialogue. Keep following as we explore the remaining trending terms and what they signify for the future.

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