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Wednesday, 14th May 2008
In General Japan News,

Government confirms launch of new 1,000 coin

Japan's government has confirmed the forthcoming launch of a new ¥1,000 coin, it has been revealed.

Scheduled to be launched in time for this year's G8 summit, which will take place between July 7th and July 9th, the new coin will feature designs depicting Lake Toya on the island of Hokkaido, in addition to Japanese cranes, reports Kyodo News.

The coin is to be sold via post and will be priced at ¥6,000; it is being released as part of the 60th anniversary of the country's law on local autonomy, according to the country's ministry of finance.

In addition to this first coin, the 60th anniversary will marked through the creation of a total of 94 different types of coin, each with face values of either ¥1,000 or ¥500 and bearing designs for each of Japan's 47 prefectures.

The coins will be released over a period spanning eight years.

Japan commonly makes use of a number of coins, with values ranging from ¥1 to ¥500.

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