February 2013

CREATIVE DESTRUCTION: THE ART OF AKASEGAWA GENPEI AND HI-RED CENTER

William Marotti

IN THE EARLY 1960s, Japanese citizens found themselves looking askance at the thousand-yen notes that, thanks to a resurgent economy, were increasingly abundant in their lives. The cause of their wariness was the Chi-37 forgery scandal, in which virtually undetectable counterfeit thousand-yen notes circulated throughout the country, identifiable only through ever-lengthening …

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