Japan Banknotes Just Got a Redesign, and Some Stocks Are Surging

Cash machine maker Glory hits daily limit, jumps 19 percent
Finance Ministry says notes will use forgery prevention tech

A board displays the new designs for Japanese 10,000 yen banknote in Tokyo on April 9.Photographer: Toru Hanai/Bloomberg

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By Shoko Oda and Yuko Takeo

April 9, 2019 at 3:01 AM UTC

This article is for subscribers only.

Japan announced new currency note designs today, sending shares of several somewhat obscure companies soaring.

Glory Ltd. -- a provider of cash sorting machines -- rallied as much as 19 percent, the most in more than 11 years, after the Ministry of Finance said that it plans to circulate new bill designs by the first half of the fiscal year starting April 2024, partly to guard against counterfeit notes. The redesigned notes will feature new watermarks and 3D holograms.