Obverse
"The Japanese Government" "One Hundred Pesos" "Japanese Characters (Japanese Imperial Government)"
Reverse
"One Hundred Pesos"
Remarks
It is debated by many researchers and numismatists whether it was actually issued or remained unissued, but many numismatists claim that it was actually printed in Baguio and issued in an emergency manner right after the liberation of Manila by Allied forces. Only eight verified examples are known to exist at present.