World Coin BookWorld coin encyclopedia

Authority model checked 2026-07-31

Japan's Overseas and Colonial Monetary Systems

An evidence-led map of Japanese colonial, overseas, military, and occupation monetary relationships without treating political control as coin issuance.

日本の植民地・海外・占領地における貨幣関係

Comparative obverse and reverse images of Manchukuo Kangde 11 (1944) five-fen coins
Exact documented image used as relationship context; it does not represent every system or issue on this page. Scott Semans · CC BY · 3.0
Jurisdictions
10
Authorities
10
Coin records
18
Status
Published

Identity first

Control is not the same as issuance

Every record keeps six relationships visible. This prevents a Japanese minting or control relationship from overwriting the issuer and jurisdiction printed into the coin's history.

Political control

Who exercised power over the jurisdiction.

Legal jurisdiction

The territory or state in which the system operated.

Issuing authority

The government, central bank, colonial bank, or regime bank responsible.

Currency system

The unit, parity, legal-tender basis, and note/coin layers.

Producing mint

A manufacturer may produce for a foreign issuer without owning the issue.

Canonical catalog

The country or historical jurisdiction under which the coin belongs.

Research paths

Browse the relationship architecture

jurisdictionsJurisdictions and Political Status

Political and legal status, controlling power, and canonical catalog identity are displayed as separate fields.

authoritiesIssuing and Monetary Authorities

Sovereign government, colonial note banks, central banks, regime banks, military authorities, and the producing mint remain distinct roles.

taiwanTaiwan under Japanese Rule: Currency Context

Taiwan had a territory-specific Bank of Taiwan note system while Japanese metropolitan coins supplied the coin layer; no separate colonial coin series is invented.

koreaKorea under Japanese Rule: Currency Context

Bank of Chosen notes and Japanese subsidiary coins formed different layers; Korean Empire coins remain Korean, and Japanese coins retain Japanese identity.

karafutoSouth Karafuto Monetary Context

Japanese yen and metropolitan coins served South Karafuto; no distinct territorial issue corpus is verified.

south pacificSouth Pacific Mandate Monetary Context

Japanese yen became legal tender in the mandate; national Japanese coins remain circulation evidence rather than mandate-issued coins.

manchukuo contextJapan and the Manchukuo Monetary System

Manchukuo was Japan-dominated but maintained a separate central bank, yuan currency, and canonical coin identity.

military occupationMilitary Occupation and Metallic Issues

Verified Mengjiang and East Hebei metallic issues are separated from Dutch East Indies trials and from banknote-only military systems.

transitionsColonial and Postwar Currency Transitions

A sourced timeline covers colonial adoption, parity relationships, postwar succession, conversion rates, and unresolved gaps.

Political geography

Jurisdiction and canonical identity

The canonical country field governs catalog ownership; the controlling-power field preserves the political relationship.

JurisdictionPolitical classControlCanonical catalogSpan
Metropolitan Japanjp-metropolitansovereign statejapanjapan1868–1945
Taiwan under Japanese ruletaiwan-japanese-rulecolonyjapantaiwan1895–1945
Korea under Japanese rulekorea-japanese-rulecolonyjapankorea1910–1945
South Karafutosouth-karafutooverseas territoryjapansakhalin-historical1905–1945
South Pacific Mandatesouth-pacific-mandateleague of nations mandatejapanmicronesia-historical1914–1945
Manchukuomanchukuojapan dominated statejapanmanchukuo1932–1945
Mengjiangmengjiangjapan controlled regimejapanchina-historical-mengjiang1936–1945
East Hebei Autonomous Governmenteast-hebeijapan supported regimejapanchina-historical-east-hebei1935–1938
Japanese-occupied Dutch East Indiesoccupied-dutch-east-indiesmilitary occupationjapanindonesia-historical1942–1945
Japanese military-occupied Southeast Asiasoutheast-asia-military-occupationmilitary occupation contextjapanmultiple1941–1945

Authority hierarchy

Issuer, note bank, administration, and mint

A dash means the authority did not perform that issuing role; it does not mean the authority was absent from the wider system.

AuthorityRoleJurisdictionCoinsNotes
Government of Japansovereign governmentMetropolitan Japanissuer
Bank of Taiwancolonial note bankTaiwan under Japanese ruleissuer
Bank of Chosencolonial central bankKorea under Japanese ruleissuer
Karafuto Agencyterritorial administrationSouth Karafuto
South Seas Governmentmandate administrationSouth Pacific Mandate
Central Bank of Manchukuocentral bankManchukuoissuerissuer
Mengjiang Bankstate bankMengjiangissuerissuer
Chi-Tung Bankstate bankEast Hebei Autonomous Governmentissuerissuer
Japanese military authoritiesmilitary occupation authorityJapanese military-occupied Southeast Asiaissuer
Japan Mintmint producerMetropolitan Japan

Currency layers

Coins and banknotes are modeled separately

Taiwan and Korea had territory-specific note systems while using Japanese metropolitan coins. Karafuto and the South Pacific Mandate used the Japanese yen directly. Manchukuo had a separate yuan system.

SystemUnitCoin layerBanknote layer
Japanese yen metropolitan systemjp-metropolitanyenJapanese metropolitan coinsBank of Japan notes
Taiwan yen systemtaiwan-japanese-ruleyenJapanese metropolitan coins; no separate colonial coin series verifiedBank of Taiwan notes
Chosen yen systemkorea-japanese-ruleyenJapanese metropolitan subsidiary coins; no separate colonial coin series verifiedBank of Chosen notes
South Karafuto yen systemsouth-karafutoyenJapanese metropolitan coins; no distinct territorial coinage verifiedJapanese national notes
South Pacific Mandate yen systemsouth-pacific-mandateyenJapanese metropolitan coins; no distinct mandate coinage verifiedJapanese national notes
Manchukuo yuan systemmanchukuoyuanCentral Bank of Manchukuo fen and chiao coinageCentral Bank of Manchukuo notes
Mengjiang currency systemmengjiangyuanFen, chiao, and jiao metallic issuesMengjiang Bank notes
East Hebei currency systemeast-hebeiyuanLi, fen, and chiao metallic issuesChi-Tung Bank notes
Japanese military occupation note systemssoutheast-asia-military-occupationmultipleNo single common occupation coin series verifiedTerritory-specific Japanese invasion money

Coin evidence

Canonical issues and production evidence

Trial pieces and production records are labeled as such. Missing specifications remain unavailable and never become zero.

IssueIssuerCanonical countryObject classSpecifications
Manchukuo Datong 2 five fen1933 · 5 fenCentral Bank of Manchukuomanchukuocontrol: japancirculation coincupronickel3.54 g · —
Manchukuo Datong 3 one fen1934 · 1 fenCentral Bank of Manchukuomanchukuocontrol: japancirculation coin— · —
Manchukuo Kangde 11 one fen1944 · 1 fenCentral Bank of Manchukuomanchukuocontrol: japancirculation coin— · —
Manchukuo Kangde 11 five-fen comparison1944 · 5 fenCentral Bank of Manchukuomanchukuocontrol: japancomparison study— · —
Mengjiang Bank five jiao1938 · 5 jiaoMengjiang Bankchina-historical-mengjiangcontrol: japancirculation coincupronickel5.49 g · 25 mm
Mengjiang one fen1942 · 1 fenMengjiang Bankchina-historical-mengjiangcontrol: japancirculation coinaluminum0.63 g · 15.96 mm
Mengjiang five fen1943 · 5 fenMengjiang Bankchina-historical-mengjiangcontrol: japancirculation coinaluminum0.99 g · 19.01 mm
Mengjiang one chiao1943 · 1 chiaoMengjiang Bankchina-historical-mengjiangcontrol: japancirculation coinaluminum0.99 g · 22.01 mm
East Hebei five li1937 · 5 liChi-Tung Bankchina-historical-east-hebeicontrol: japancirculation coinbronze: Cu 95%, Sn 4%, Zn 1%3.5 g · 20.03 mm
East Hebei one fen1937 · 1 fenChi-Tung Bankchina-historical-east-hebeicontrol: japancirculation coinbronze: Cu 95%, Sn 4%, Zn 1%4.97 g · 23.01 mm
East Hebei five fen1937 · 5 fenChi-Tung Bankchina-historical-east-hebeicontrol: japancirculation coincupronickel: Cu 75%, Ni 25%3.16 g · 19.01 mm
East Hebei one chiao1937 · 1 chiaoChi-Tung Bankchina-historical-east-hebeicontrol: japancirculation coincupronickel: Cu 75%, Ni 25%4.43 g · 22.02 mm
East Hebei two chiao1937 · 2 chiaoChi-Tung Bankchina-historical-east-hebeicontrol: japancirculation coincupronickel: Cu 75%, Ni 25%6.35 g · 25.03 mm
Dutch East Indies one-cent aluminum trial1943 · 1 centUnresolvedindonesia-historicalcontrol: japantrial piecealuminum— · —
Dutch East Indies one-cent aluminum trial1944 · 1 centUnresolvedindonesia-historicalcontrol: japantrial piecealuminum— · —
Dutch East Indies five-cent aluminum trial1943 · 5 centUnresolvedindonesia-historicalcontrol: japantrial piecealuminum— · —
Dutch East Indies ten-cent aluminum trial1943 · 10 centUnresolvedindonesia-historicalcontrol: japantrial piecealuminum— · —
Dutch East Indies ten-cent tin production record1944 · 10 centUnresolvedindonesia-historicalcontrol: japanproduction evidencetin— · —

Change over time

Currency transitions

Adoption, parity, succession, and withdrawal are distinct events. A conversion rate appears only when a cited source states it.

  1. Taiwan under Japanese rule

    The Bank of Taiwan began a territory-specific yen-denominated note system.

  2. Taiwan under Japanese rule

    Taiwan's colonial note system was moved onto a gold basis aligned with Japan.

  3. Taiwan under Japanese rule

    The postwar Bank of Taiwan introduced the Old Taiwan dollar.

  4. Taiwan under Japanese rule

    The New Taiwan dollar replaced the Old Taiwan dollar at one to 40,000.

    1 NTD = 40,000 Old Taiwan dollars
  5. Korea under Japanese rule

    The Bank of Chosen became the colonial note authority; pre-annexation Korean Empire coins remain canonically Korean.

  6. Korea under Japanese rule

    The Bank of Korea inherited note circulation while Japanese subsidiary coins remained temporarily in use.

  7. Korea under Japanese rule

    The hwan reform ended legal use of Bank of Chosen notes and Japanese one-jeon coins.

    100 won = 1 hwan
  8. South Karafuto

    South Karafuto was legally integrated into Japan's home jurisdiction without a new territorial coinage.

  9. South Pacific Mandate

    Japanese yen replaced the prior German-mark environment and became legal tender.

  10. South Pacific Mandate

    Japanese administration ended; later trust-territory systems used the United States dollar.

  11. Manchukuo

    The Central Bank of Manchukuo created a separate yuan currency under Japanese dominance.

Context only

Banknote systems are not coin objects

Bank of Taiwan

Bank of Taiwan yen notes define the territory-specific currency layer; Japanese metropolitan coins supplied the coin layer.

Excluded from coin issue count
Bank of Chosen

Bank of Chosen yen notes are contextual; Japanese subsidiary coins remain Japanese issues.

Excluded from coin issue count
Central Bank of Manchukuo

Central Bank notes are context for the separate Manchukuo coin system, not objects in the coin catalog.

Excluded from coin issue count
Japanese military authorities

Japanese invasion money is primarily a family of territory-specific military notes and does not justify a fictional common occupation coin series.

Excluded from coin issue count
Evidence boundary

Japanese control does not make a foreign coin Japanese. Japanese use abroad does not create a colonial coin issue. Mint production does not prove circulation. No occupation countermark is published without institutional evidence.

Evidence

Sources and scope

These links support the claims on this page. Source authority does not imply permission to republish source images.

Currency systems in the wartime Japanese empire Bank of Japan Institute for Monetary and Economic Studies

Comparative legal-tender and currency structure for Taiwan, Korea, South Karafuto, the South Pacific Mandate, and Manchukuo.

Open source
Development of Taiwan's currency under Japanese rule Central Bank of the Republic of China (Taiwan) Currency Museum

Bank of Taiwan establishment, silver-redeemable notes, and the 1904 gold-system transition.

Open source
Currency introduced under Japanese rule Central Bank of the Republic of China (Taiwan) Currency Museum

Territory-specific Bank of Taiwan note system and yen denomination.

Open source
Postwar currency development in Taiwan Central Bank of the Republic of China (Taiwan) Currency Museum

1946 Old Taiwan dollar and 1949 New Taiwan dollar transition context.

Open source
Introduction of the New Taiwan Dollar Central Bank of the Republic of China (Taiwan) Currency Museum

New Taiwan dollar conversion at one to 40,000 Old Taiwan dollars.

Open source
Currency timeline: establishment of the Bank of Korea Bank of Korea

1950 succession from Bank of Joseon notes and continued use of Japanese subsidiary coins.

Open source
Currency timeline: 1953 hwan reform Bank of Korea

100 won to one hwan conversion and withdrawal of Bank of Joseon notes and Japanese one-jeon coins.

Open source
Korean Empire coin object record National Museum of Korea

Korean Empire coinage remains Korean canonical context rather than Japanese colonial issuance.

Open source
Japanese one-sen coin found in Korea National Museum of Korea

Archaeological presence of a Japanese metropolitan coin in Korea without changing its canonical Japanese identity.

Open source
Research guide to Karafuto National Diet Library

South Karafuto administration from 1905, 1943 jurisdictional change, and 1945 Soviet occupation.

Open source
South Seas Government official materials National Diet Library

Administrative context for the South Pacific Mandate.

Open source
Federated States of Micronesia political history United States Department of the Interior

Postwar trust-territory context and modern United States dollar use.

Open source
Central Bank of Manchukuo authority record British Museum

Issuer establishment, headquarters, and verified coin-object corpus.

Open source
Manchukuo five-fen coin, 1933 British Museum

Issuer, denomination, material, weight, date, and Manchurian attribution.

Open source
Cabinet policy concerning the Manchukuo monetary system National Diet Library

Separate central bank and national currency under Japanese political dominance.

Open source
Mengjiang authority record British Museum

Japanese-controlled political status and related 1938 coin objects.

Open source
Mengjiang Bank five-jiao coin, 1938 British Museum

Issuer, denomination, metal, diameter, and weight for the 1938 five-jiao coin.

Open source
Special exhibition: foreign coins produced by the Japan Mint Japan Mint

Specifications and production or trial status for East Hebei, Mengjiang, and wartime Dutch East Indies pieces.

Open source
Internal financing mechanism and hyperinflation in the wartime Japanese empire Cambridge University Press

Comparative scholarly distinction among colonial and wartime issuing authorities and currencies.

Open source
Currency on the World War II home front United States National Park Service

Japanese invasion money was principally a military banknote system in occupied territories.

Open source
Manchukuo one fen, 1934 Wikimedia Commons / Scott Semans

Exact paired specimen image under CC BY 3.0.

Open source
Manchukuo one fen, 1944 Wikimedia Commons / Scott Semans

Exact paired specimen image under CC BY 3.0.

Open source
Manchukuo five fen, 1944 comparison Wikimedia Commons / Scott Semans

Comparative specimen image under CC BY 3.0; not used as an individual issue hero.

Open source
East Hebei five fen, 1937 Wikimedia Commons / Scott Semans

Exact paired specimen image under CC BY 3.0.

Open source