Japan Mint facts for kids
Government-owned company | |
Industry | Coins |
Founded | 1871 |
Headquarters | , |
Area served
|
Japan |
Owner | Government of Japan |
The is an Independent Administrative Institution of the Japanese government, responsible for producing and circulating the coins of Japan. The agency has its head office in Osaka with branches in Tokyo and Hiroshima.
History
Amongst the first acts of the Meiji government was the establishment of the Imperial Japanese Mint as a constructive step towards modernising Japan's circulating currency. In the early Meiji era, paper currency was initially printed by Dondorf and Naumann in Germany. A proposal to construct a banknote manufacturing plant was submitted to Grand Council of State in May 1874; and construction was approved in December of that same year. A two-story Western red brick building was completed in October 1876.
Over the course of decades, the Mint activities have expanded to include the production of Japanese orders (decorations), medals of honor and metallic art objects, the analysis and testing of metal ores and minerals, and the fineness certification of precious metal wares (hallmarking). The Mint became an Incorporated Administrative Agency on April 1, 2003.