10,000 yen note
The 10,000 yen note (1万円紙幣 "1Man-en shihei") is the largest banknote denomination of the Japanese yen. The front side of the 10,000 yen note includes a portrait of Yukichi Fukuzawa, a Meiji era philosopher and the founder of Keio University. The back of the note shows a drawing of the Hōō (, Fenghuang) in the Hall of the Phoenix, Byōdō-in.
Aftermath of the 2011 Tōhoku earthquake and tsunami
The Japanese yen soared against most major currencies following the earthquake and reached a post-World War II high of 76.25 yen to the US dollar on speculation that Japanese investors would repatriate assets to pay for rebuilding. Since Japan relies heavily on exports, the strong yen could dampen its economy further. The financial markets' instability prompted the G7 to meet on 17 March, resulting in an agreement on joint forex intervention to sell yen against the dollar; it was the first such move since 2000.