Currency and banknotes


Does anyone know what happened to the yen in the immediate post-war period?
I ask because in Drunken Angel, 1948, the banknotes changing hands are obviously not worth much - in the gambling scene huge unwieldy stacks of notes are changing hands, and later Boss throws what looks like about thirty notes at Matsu's feet, telling him to buy himself a meal. Yet in High and Low you can get enough banknotes to pay a huge ransom, or to effect a complete take-over of the shoe company, into two briefcases.

On another matter, how funny is it that the name of the company, National Shoes, is in English?

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It would surely depend on the denomination of the notes in question. Two suticases filled with 10,000 yen notes would buy you a lot more than a stack of 1000s.

But no, I don't have an answer to your question, sorry.

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From 1945 to 49, Japan suffered "hyperinflation" (somewhat like 1920s Germany)
with over 100% rise of official prices.
By late '49 it begun to slow down (then turned into deflation until '51).

The story of Drunken Angel probably took place at the peak of inflation.

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Between 1945 and 1951, currency was issued by the occupying Allied Forces. There were notes between 5 sen (100 sen = 1 yen) and 1000 yen. By the late 50s, notes below 500 yen were mostly replaced by coins, and 5000 and 10000 yen notes were introduced.

In 1948, were Drunken Angel is set, the average first salary for a college graduate was 2900 yen/month.
You could buy a loaf of bread for 6.24 yen, 10 kg of rice for 200 yen, a pencil for 5 yen.
Average rent was 180~380 yen (Tokyo), movie theater admission: 40 yen.
Cigarettes were expensive: 60 yen/pack, as was beer: 160 yen/bottle, butter: 100 yen/200g, mayonnaise: 200 yen/bottle.
A simple meal, like a bowl of noodles, cost 20 yen.
That gives us a lot of options for bills to throw around.

In 1963, the average first salary was about 20000 yen.
The kidnapper demands 30 million yen, an amount which Gondo planned to use as "down payment" for the 15% or so of stock he needs to reach 51%. So 30 million is not nearly enough to take over the whole firm. The whole company is probably worth 20~30 times that much.

If I remember correctly, the kidnapper in "High and Low" specifies the bills he wants: 1000, 5000 and 10000 yen bills.
It shouldn't be too difficult to fit these into the suitcases.



"Your money's no good here, Mr. Torrance." - Lloyd

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Thanks, Thilo, that's really helpful. And yes, you're right about the takeover bid, careless of me.

The moment when Gondo pushes the cases out of the lavatory window is really powerful; our admiration for him increases tenfold. Great acting, and directing.

Kambei of the Gormful Gumi.

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