Japanese yen

Certificate of currency. Japanese yen: history, banknotes and coins, quotes

Японская иена: банкноты, монеты, история, котировки

The Japanese yen is the official currency of Japan. The banking code is JPY designation. Sign-¥. Its origin goes back to 1869 year, When it began production in the form of gold and silver coins.

For one yen is offered one hundred Sen. But the small money in denominations less than one yen went out of circulation in the Middle 20 century. Currently in circulation there are banknotes in one, two, five and ten thousand yen. The coins are presented in denominations of one. Five, ten, fifty-, one hundred and five hundred yen..

History of Japanese yen

Japanese yen: history and origin

The name comes from the word "en". In Japan, the word means "round". This is due to the fact, that before the yen money in the country were in the form of the oval, the rectangle, and even in the form of a gold or silver ingot. And they were produced not only the official Government, but many principalities (at that time there were more than two hundred).Japanese yen: banknotes

A new form of money, the Japanese met thanks to Chinese coins, where production of the usual round of coins had been established much earlier – British. Chinese name sounds like "Yuan". But in the land of the rising sun the name sounded, as "en". Using the Chinese example, the Japanese had established its own production of new money, uniform in shape, weight and metal content.

Japanese yen: symbolic design

On one side of the banknote depicts outstanding writers and figures of the enlightenment. On the other side-the illustrations of the famous Japanese novels, the famous Mount Fuji, Lake Motosu, Sakura blossom, phoenixes, irises, temples. Color: Green, Blue, Purple, Brown.

Japanese yen: coinsCoins differ not only illustrations, but the materials, used in the manufacture of. Images: flowers pavlonii, Sakura, Chrysanthemum, Rice ears, sapling, Phoenix Hall and shrine Bedoin. Metal: nickel, Bronze, aluminium. By the way, coins in five and fifty-yen have an unusual feature. They have the heart-opening round.

Modern development

Gradually the country abandoned the gold standard. And in 1933 year production of gold coins ceased definitively. On this decision, Naturally, affected by the financial crisis. In parallel with this country did bind to the British pound sterling. But after a couple of years, was replaced by the pound on the dollar. But the decline of the yen still continued.

First, because of the war with China, and then completely due to World War II. The latest military developments of that time completely plunged in the collapse of the entire financial system of Japan.

Stimulus to development served as the American occupiers and the collapse of the large monopoly companies of Japan. All of this led to healthy competition. And later to the development of the economy as a whole. In the 1960s the country does go away from currency restrictions. The Japanese yen has become freely convertible. The sharp upturn in the economy has led to a whole series of national currency reval′vacij. Despite further financial crises, some economic stagnation and bankruptcy of many financial institutions in Japan, the currency strengthened and became steadily gather momentum growth, starting with 2002 year.

At the moment the Japanese yen on currency reserves is in third place in the world. Second only to the United States dollar and euro. Monetary policy, as well as the release of the money is headed by Bank of Japan.

The currency is now largely depends on the growth of production in the country. Today, Japan is in third place in the world by GDP. Inferior again only United States and China. In addition, on Japan's financial stability affects a positive trade balance and negative inflation. The only minus is the economy direct effect has demand for export products, as well as imports of raw materials and energy.

Japan economic indicators

2012 2013 2014
Population (million) 128 127 127
GDP per person 46,792 38,27 36,425
GDP, billion United States 5,971 4,873 4,628
Economic growth 1.7 1.6 -0.1
Domestic demand (change, %) 2.6 1.9 -0.1
Consumption (change, %) 2.3 2.1 -1.3
Investment (change, %) 3.2 3.2 2.4
Export (change, %) -0.2 1.1 8.4
Import (change, %) 5.3 3.0 7.4
Industrial production (change, %) 0.2 -0.6 2.1
Retail sales (change, %) 1.8 1.0 1.7
Unemployment 4.3 4.0 3.6
Taxes (% of GDP) -9.0 -9.1 -8.3
Public debt (% of GDP) 210 212 211
Money (change, %) 2.6 4.2 3.6
Inflation (at the end of the period, %) -0.1 1.6 2.4
Inflation on consumer goods 0.0 0.4 2.7
Inflation on INDs. Products -0.9 1.3 3.2
Interest rate 0.10 0.10 0.10
The stock market (change over the year, %) 22.9 56.7 7.1
Exchange rate (against the United States dollar) 86.75 105.3 119.7
Course on parity PS 79.84 97.63 105.9
Current account (% of GDP) 1.0 0.8 0.5
Current account balance (billion United States) 59.6 40.6 24.7
Trade balance (billion United States) -87.3 -117.5 -122.4

Trading the Japanese yen against other currencies

Trading operations with currencies, including Japanese yen, perpetrated through Forex brokers. From our point of view, the best of them are the following:

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Buying and selling of the Japanese yen

Cash and non-cash operations with Japanese Yen can be made in banks. The best ones are listed:

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