 |
Business | Industries | Finance | Tax |
| Index: > A B C D E F G H I J K L M N O P Q R S T U V W X Y Z |
|
|||||
| First Prev [ 1 2 ] Next Last |
Yen is the currency used in Japan. In Japanese it is usually pronounced "en", but the pronunciation "yen" is standard in English. The ISO 4217 codes for the yen are JPY and 392. The Latinised symbol is ¥, while in Japanese it is written with the kanji 円.
The yen was introduced by the Meiji government (Meiji 4) as a system resembling those in Europe; yen replaced the overly complex monetary system of the Edo Period. The New Currency Act of 1871 stipulated the adoption of the decimal accounting system of yen (1, 圓), sen (1/100, 錢), and rin (1/1000, 厘), with the coins being round and cast as in the West. (The sen and the rin were eventually taken out of circulation in 1954.) The yen was legally defined as 0.8667 troy ounces (26.956 g) of silver, a definition that is still legally enforceable today. The Act also moved Japan onto the Gold Standard.
Japanese 10 yen coin (reverse) showing Phoenix Hall of ByodoinBuilt in 998 in the Heian period, Byodoin is a temple in the city of Uji in Kyoto prefecture in Japan. The most famous building in the temple is the Phoenix Hall or the Amida Hall. It is a Buddhist temple, established by Fujiwara no Yorimichi in 1052: the The yen was pegged at 1 US dollar = 360 yen from April 25April 25 is the 115th day of the year in the Gregorian Calendar (116th in leap years). There are 250 days remaining. Events 1607 Dutch fleet destroys anchored Spanish fleet 1707 An Allied Austrian army is defeated by Bourbon army at Almansa ( Spain) in th, 19491949 is the common year starting on Saturday. see link for calendar) Events January-February January 4 RMS Caronia of the Cunard Line departs Southampton for New York on her maiden voyage January 4 February 22 Series of winter storms in Nebraska, Wyoming,, to 19711971 is a common year starting on Friday (click for link to calendar). Events January January 1 British divorce Reform Act comes into force January 2 66 die in stairway crush at Rangers v Celtic football match, Glasgow, Scotland. See Ibrox disaster. Janua. As of June 2004, there are about 109 yen to the US dollar, and about 200 yen to the British pound. After the Plaza Accord of 1985, the yen apreciated against the dollar.
The yen was originally written as the same way as the Chinese Yuan (圓 pinyin yuan2). Modern writings use a different simplified character (円) instead (cf. 元).
Yen literally means a "round object" in Japanese, as the Yuan in Chinese.
The spelling and pronunciation with the letter y are based on romanization of an obsolete writing of the word. The same combination occurs in words such as Uyeda, Iyeyasu and Inouye. Like the spellings of names of people outside Japan, the romanization of yen has become a permanent feature.
Currently, the following coins and bills are in circulation: 1 yen coin, 5 yen coin, 10 yen coin, 50 yen coin, 100 yen coin, 500 yen coin, 1000 yen bill, 2000 yen bill, 5000 yen bill, 10000 yen bill. 500 yen coins are probably the highest valued coins to be used regularly in the world. On various occasions, special coins are minted using gold and silver with various face values. Even though they can be used, they are treated as collectibles.
On November 1, 2004, the Bank of Japan introduced new paper currency. The 10,000 yen bill remains 76×160 mm and has a portrait of Fukuzawa Yukichi on the obverse. The 5,000 yen bill measures 76×156 mm (1 mm longer than its predecessor) with a portrait of Higuchi Ichiyo. The 1,000 yen bill, at 76×150 mm is unchanged in size, and bears the likeness of Noguchi Hideyo. These three notes join the 76×154 mm 2,000 yen note of July 19, 2000 and replace the designs that entered circulation on November 1, 1984.
| Politics | Business | Finance |
 |
 |
 |
|