Japanese Invasion Money
Japanese Invasion Money, also known as JIM notes, was currency issued by the Japanese
Military Authority, in lieu of and in replacement of local currency after the conquest and
subjugation of a nation-state in World War II.
Beginning with the capture of the Philippines, the Japanese Military would confiscate all hard
currency, both on a federal and individual level, and replace it with notes printed locally and
bearing a proclimation of military use. All notes bear the name of the issuer, "The Japanese
Government" while some notes proclaim the "promises to pay the bearer on demand..."
This money, called 'Mickey Mouse Money' by local Philipinos was considered valueless after
the overthrow of the Japanese, and literally tons of it was burned.
The Philippines, a huge piece of realestate consisting of several islands and many ports, held
strategic locations suitable for Japanese use as stepping stones.
By the end of WWII, the Japanese controlled areas where Invasion Monies were issued
included the Philippines, Burma (now called Mayanmar), Malaya ( now Malaysia), the Dutch
East Indies (now Indonesia) and some areas of Oceania ( British New Guinea and the
Solomon and Gilbert Islands.
In December of 1941, the japanese troops landed on Luzon. The Japanese overan
Manilla on January 2, 1942, and in the process captured more than 20 million dollars
in U.S. and local cash and an unknown amount of foriegn currency and bullion in that
capital city. The Japanese used this hard currency abroad to purchase raw
materials, rice and weapons to fuel and feed its war machine.
In its place the Japanese issued several series of invasion notes. The first issue in
1942 cosisted of denominations of one, five, ten and fifty centavos and 1, 5 and 10
pesos while 1944 ushered in a 100 peso note and soon after, an inflationary 500
Near the end of the war in 1945, the Japanese issued a 1,000 Pesos note.
The Japanese invaded Burma in January 1942. They conquered Mandalay May 21, 1942, forcing
the British to retreat into India. The Japanese held Burma until the Second Allied campain of
1944, although an official surrender did not take place until August 1945. In 1942 the Japanese
issued paper script currency of 1, 5 and 10 cents and 1/4, 1/2, 1, 5 and 10 Rupees. From 1943
onward the Japanese issued paper script currency of 1, 5 and 10 rupee with a 100 Rupee note in
1944. The native characters at the top of each note read "Burma State".