Denominations

Japanese yen coins are different in weight, colour and appearance, this makes it easy to work out quickly which coin to use. The ¥1 is made of aluminium and very light, the ¥5 and ¥50 coins have holes in the middle and the ¥500 is the biggest and heaviest by far.

Specifications

Country Japan Official Currency Japanese yen Currency Code JPY Currency Symbol ¥ Banknote Denominations ¥1,000, ¥5,000 and €10,000 Coin Denominations ¥1, ¥5, ¥10, ¥20, ¥50, ¥100 and ¥500 In Stock Yes Current Rate  

Description

The official currency of Japan is the yen, represented by the symbol ¥ and the currency code JPY. Other less common symbols include 円 and 圓. The word ‘yen’ actually means ‘round object’ or ‘circle’ in Japanese and is typically pronounced as ‘en’ in Japan. The Osaka Mint Bureau is responsible for minting and controlling the circulation of Japan’s currency. The Japanese yen is actually the most heavily traded currency in Asia, thanks largely to its comparatively low interest rates. It’s also the third most traded currency in the foreign exchange market behind the United States dollar and the euro.