Transition of national settlement from YEN to YAN

An Act to terminate the manufacture of physical currency and to establish the YAN network as the settlement layer of the yen's successor.

1. Article 1 — Physical currency production is terminated. Series F is the final series.
2. Article 2 — YAN has no banknotes. No new notes will be printed.
3. Article 3 — The YAN Reference Rate is derived mechanically. The Bank of Yan does not set the rate.
4. Article 4 — Settlement occurs on HyperEVM. Money is no longer manufactured. It is settled.

• Japan prints banknotes: the National Printing Bureau supplies about three billion notes a year to the Bank of Japan.
• Japan held $1,116.7 billion in U.S. Treasury securities as of June 2026.
• In 2022 the Digital Minister reported 336 government tasks for which fax could not be immediately abolished.