A private Japanese think tank says a new set of banknotes will boost the economy by more than 1.63 trillion yen, or over 10 billion dollars.
Executive Economist Kiuchi Takahide at Nomura Research Institute projects the first new bills in 20 years will lift Japan’s nominal GDP by around 0.27 percent.
His estimates are based on data from industry groups, including those representing vending-machine makers.
Around 7.8 billion dollars would come from replacing vending and ticket machines and self-checkout devices, as well as adapting systems to handle the new banknotes.
Modifying ATMs at financial institutions is expected to generate roughly 2.3 billion dollars in economic benefits.