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Counterfeit Awareness

Guidance on identifying counterfeit currency and ensuring safe transactions in Tokyo.

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Comprehensive Guide to Counterfeit Awareness: Japanese Yen in Tokyo, Japan

Counterfeit currency is not a widespread issue in Japan, as the country has one of the most secure and advanced currency systems in the world. However, it is still important for visitors and residents in Tokyo to be vigilant and informed about counterfeit awareness, especially when handling cash transactions. Below is a detailed guide to help you identify authentic Japanese yen, avoid scams, and address any issues if you suspect fraud.

1. Understanding Japanese Yen (JPY) Banknotes

Japanese yen banknotes are issued by the Bank of Japan and come in denominations of ยฅ1,000, ยฅ5,000, ยฅ10,000, and ยฅ2,000 (rarely used). Each note is designed with advanced security features to prevent counterfeiting.

Key Features of Authentic Japanese Yen Banknotes

  • Holograms: ยฅ5,000 and ยฅ10,000 notes have holographic images that change when viewed from different angles.
  • Watermarks: All yen banknotes have watermarks that are visible when held up to the light. These watermarks match the portrait on the note.
  • Intaglio Printing: The surface of the notes has raised printing, which can be felt by running your fingers over the text and images.
  • Microprinting: Tiny, intricate text is printed on the notes, which is difficult to replicate. Use a magnifying glass to check for this feature.
  • Color-Shifting Ink: The denomination number on ยฅ10,000 and ยฅ5,000 notes changes color when tilted.
  • Latent Images: When viewed from a specific angle, hidden images or text become visible on the notes.
  • Pearlescent Ink: ยฅ1,000 and ยฅ2,000 notes have a pearlescent ink feature that shimmers under light.
  • Serial Numbers: Authentic notes have unique serial numbers printed in a consistent font and alignment.

2. Common Scams and Situations to Watch Out For

While counterfeit currency is rare in Japan, there are still some scenarios where you should exercise caution:

a. Receiving Change in Cash Transactions

  • Be cautious when receiving change, especially in crowded tourist areas, night markets, or from street vendors.
  • Always count your change and inspect the notes for authenticity.

b. Currency Exchange Scams

  • Avoid exchanging money with unauthorized street vendors or individuals offering "better rates" than official exchange offices.
  • Use reputable banks, post offices, or licensed currency exchange counters (e.g., Travelex or airport exchange services).

c. Fake ATMs

  • Use ATMs located inside banks, convenience stores (e.g., 7-Eleven, Lawson, FamilyMart), or post offices. These are secure and less likely to dispense counterfeit notes.
  • Avoid standalone ATMs in poorly lit or isolated areas.

d. Counterfeit Detection in High-Density Tourist Areas

  • Be extra cautious in areas like Shinjuku, Shibuya, Akihabara, and Asakusa, where tourists may be targeted by scammers.

3. How to Verify Authenticity of Japanese Yen

If you suspect a banknote might be counterfeit, follow these steps:

Step 1: Inspect the Security Features

  • Hold the note up to the light to check for the watermark and security thread.
  • Tilt the note to observe the hologram and color-shifting ink.
  • Feel the texture of the note for raised printing.

Step 2: Compare with a Known Authentic Note

  • If possible, compare the suspicious note with another note of the same denomination that you know is authentic.

Step 3: Use a UV Light or Magnifying Glass

  • Under UV light, authentic yen notes will display fluorescent patterns and security threads.
  • Use a magnifying glass to check for microprinting and fine details.

4. What to Do If You Suspect Counterfeit Currency

If you believe you have received a counterfeit note, follow these steps:

a. Do Not Attempt to Use the Note

  • Using counterfeit currency, even unknowingly, is illegal in Japan and can result in fines or legal consequences.

b. Report to the Nearest Police Station

  • Take the suspected counterfeit note to the nearest police station ("koban" in Japanese). Police officers are trained to handle such cases and will investigate further.
  • Be prepared to explain where and how you received the note.

c. Notify the Bank of Japan

  • If you are unsure about the authenticity of a note, you can also contact the Bank of Japan for verification.

d. Avoid Confrontation

  • If you suspect someone is intentionally passing counterfeit currency, avoid confrontation and report the incident to the authorities.

5. Costs and Procedures

  • Verification Costs: There is no cost to have a note verified by the police or the Bank of Japan.
  • Replacement: If the note is determined to be counterfeit, it will not be replaced or reimbursed. However, reporting it helps prevent further circulation.

6. Local Practices and Cultural Considerations

  • Cash is King: While credit cards and digital payments are becoming more common, cash is still widely used in Tokyo, especially in smaller shops, restaurants, and rural areas. Always carry some cash, but ensure it is obtained from reputable sources.
  • Politeness in Transactions: When handling cash, it is customary to place money on the provided tray at the cashier rather than handing it directly to the cashier. This practice minimizes misunderstandings and ensures smooth transactions.
  • Reputable Sources: Always withdraw cash from ATMs in convenience stores or banks, and exchange currency at official exchange counters or banks.
  • Receipts: Keep receipts for all transactions, especially when exchanging currency, as proof of authenticity and for potential disputes.

7. Tips to Avoid Counterfeit Currency

  • Use Digital Payments: Consider using cashless payment methods like Suica or Pasmo cards, which are widely accepted in Tokyo for transportation and small purchases.
  • Exchange Money Before Arrival: If possible, exchange your currency for yen at your home countryโ€™s bank or a reputable exchange service before arriving in Japan.
  • Inspect Notes Immediately: When receiving cash, inspect the notes on the spot to ensure they are authentic.
  • Learn Basic Japanese Phrases: Knowing phrases like "Sumimasen, kore wa hontou desu ka?" ("Excuse me, is this real?") can help you address concerns politely.

8. Conclusion

While counterfeit currency is not a significant issue in Tokyo, being aware of the security features of Japanese yen and following best practices can help you avoid any problems. By using reputable sources for currency exchange, inspecting notes carefully, and reporting any suspicious activity, you can ensure a smooth and worry-free experience in Japan. Always remember to handle such situations calmly and respectfully, in line with Japanese cultural norms.