On April 9, 2019, the Ministry of Finance announced new designs for the 1,000-, 5,000- and 10,000-yen bill, and the new 5,000-yen bill will feature a portrait of Umeko Tsuda, the founder of Tsuda University.
According the ministry's announcement and the website of the National Printing Bureau, the selection criteria for portraiture requires that the individual be a notable historical figure from the Meiji era onwards, with two benchmarks for adoption:
Umeko Tsuda is known for improving the social status of women, with an impact that extends into the present era. As such, her selection for portraiture has significant meaning. The new bill is planned for issuance in 2024 following a five-year preparatory period.
Click here to learn more about Umeko Tsuda and the history of Tsuda University.