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LOCAL CURRENCY IN JAPAN

Need to know how much is your money worth in Japan? The local money in Japan is called Yen.

The Japanese Yen is issued and managed by the Bank of Japan. To find out the current currency exchange rates for Yen to other major currencies of the world, click on foreign currency rates.

Japanese Currency Information
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The currency used in Japan is called as the Yen. This currency is denoted with the currency sign ¥ and the ISO 4217 Code for the Japanese Yen is JPY. The Yen, is the official currency of the Japan . It is divided into 100 smaller units called sen.

The constitution of Japan provides that the Japan government shall have the power to print the Japanese Yen and sen coins to be used as a legal tender in Japan. The Japanese Yen bank notes and Sen coins are both designated as "legal tender" in payment of debts.

The Japanese Yen bill uses the decimal system, consisting of 100 equal units.

The symbol ¥, usually written before the numerical amount, is used for the Japanese Yen.

Currently printed bank notes denominations are ¥1000, ¥2000, ¥5000, ¥10,000 and the coins are minted in the denominations of ¥1, ¥5, ¥10, ¥50, ¥100, ¥500 .

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The Effect of Balance of Trade and Investment on the Value of Japanese Yen
Financial analysts regularly cite the balance of trade and investment in Japan as the most important influence on the value of the Yen. The difference between what the Japan exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Yen exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Yen exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Japanese Yen.
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