Mitsumata, the raw material of Japanese banknotes, what percentage is domestically produced? Have you already picked up the new banknotes issued in July 2024? The new 10,000 yen, 5,000 yen, and 1,000 yen bills (Japanese banknotes) are printed at the National Printing Bureau’s factories. Now, where is mitsumata (mitsumata), the main raw material, produced? The correct answer is “mostly in Nepal, with the remainder in various parts of Japan (mainly Okayama and Tokushima prefectures). Of course, mitsumata was originally produced domestically, but its share has completely reversed in the past 20 years or so. Of the 72 tons of mitsumata used for banknotes, only 6 tons are domestically produced (as of 2016). Banknotes that we use casually in our daily lives have been roughly handled, such as in our wallets, being fumbled violently in ticket machines, and even being washed …… in our pockets, and are still in circulation without being torn to shreds. The use of strong fibrous mitsumata is what makes it possible for a “mere piece of paper” to maintain its strength while incorporating anti-counterfeiting techniques such as “watermarking. Until around the 1950s and 1960s, there were areas, mainly in the Chugoku and Shikoku regions, that grew honeycomb, the raw material, and supplied it to the National Printing Bureau. Today, however, domestic production of mitsumata has been declining for a long time, and it is no longer possible to procure most of the raw materials for “Japanese banknotes” in Japan. Why can no longer domestic production of mitsumata, the raw material for banknotes, be used? To find out, we went to the “Land of the Fallen Heike” in Kochi Prefecture, which used to be a major production center of mitsumata.
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