Japanese Yen (JPY)

Japanese Yen (JPY)

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Japanese Yen (JPY)

After the USD and Euro, the Japanese Yen is the 3rd most traded currency in the foreign exchange market. It is the official currency of Japan and is used as a reserve currency ranked at number four. The Yen was officially adopted by the Meiji government with the “New Currency Act” of 1871. The subdivision of this Japan currency is in to 100 sen or 1000 rin. The issuance and circulation rights of the Yen lie under the authority of the Bank of Japan. The Japanese Yen might be the only currency that can float and it costs more to make one yen coin than it is actually worth. The weight of a Yen coin is equivalent to a gram.



Some facts that you ought to know about the japanese yen:
  • The short name for Japan currency is JPY.
  • ¥ is the symbol of the Yen.
  • The most used Yen coins are 1 HOU, 2 HOU, 5 HOU, HK$1, HK$2, HK$5, HK$10.
  • The most frequently used banknotes are ¥1000, ¥5000, ¥10000.
  • The Bank of Japan is the chief bank of this region.
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What People are Saying

It was my first trip to Australia, that too for higher education. Being a student, I had my own apprehensions, along with different suggestions from different people. While I was conducting my own research to find out the best rates for forex, I landed upon the Thomas Cook website, which offered me some very convenient student services in addition to my basic requirement of buying Australian dollars. I never had to look back after that. Thank you, Thomas Cook.
Sahil Shah
I was scheduled to travel to the US and I was short on time to exchange my currency. My friend recommended that I buy foreign exchange from Thomas Cook because of two reasons; good rate and simple online process. I did not quite understand the online process when it was narrated to me, but when I visited the site, I was shocked to find out how easy it was. Just four steps, and I got the currency at my door step. Absolutely fantastic service.
Sheroy Daruwala
My son is studying in the UK and had planned a trip with his friends to visit around Scotland, Wales and Ireland during their Christmas Holidays. I had to make arrangements to transfer GBP. I always choose Thomas cook because it is reliable, and I get the best rates with excellent service.
Ashok Gupta

Quick Facts About Japanese Yen (JPY)

Currency Name
Japanese Yen
Short Name
JPY
Nicknames
N.A
Symbol(s)
¥
Unit
1/100, sen
Frequently used coins
1 hou, 2 hou, 5 hou, HK$1, HK$2, HK$5, HK$10
Rarely used coins
N.A
Frequently used bank notes
¥1000, ¥5000, ¥10000
Rarely used bank notes
N.A
Central Bank, Name & Website
Bank of Japan | www.boj.or.jp
Territories that unofficially use the Japanese Yen as a part of their legal tender
The Japanese Yen Currency

The subdivision of the Japanese currency is in to 100 sen or 1000 rin. However, the smallest denominations that are under circulation are the 1 yen coins. The currency issuance and circulation rights lie under the authority of the Bank of Japan. Under circulation, currently the bank notes are denominated in yen 1000, 2000, 5000 and 10,000. Similarly, for the coins the denominations in circulation are yen 1, 5, 10, 50, 100, 500. Coins in Japan were introduced in the year 1870, and the banks notes were introduced 2 years later in 1872.

How to find best exchange rate online?
To find the latest 1 INR toJPY rates/ Japanese Yen rate, visit our Thomas Cook website. Thomas Cook is the most reliable and recommended money converter in India. It also provides travellers with the most value for money, customized tour package.
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Frequently Asked Questions

Should I change the Japanese Yen here or is it better to go there, and do it?
We suggest you do it here before you leave for the trip. Exchanging currency there will simply give you very poor exchange rates. For more queries, you may get in touch with our experts.
I have heard that Japan is quite expensive. How much should be enough to exchange to survive through the trip?
This is completely dependent on the nature of your trip, and your personal preferences. If you are confused about the expenses that you might have to incur while you are on the trip, then please contact our team of experts and they will guide you with the proceedings.
Is there any specific limit to carry Japanese Yen if I am travelling to Japan?
You may carry up to Yen 10,00,000, or foreign currency equivalent, in and out of Japan. However, in case the amount you are carrying exceeds the given limit, then you must declare the same.
Is US dollar accepted in Japan?
Japan does not generally accept foreign currencies, you might have a hard time if you are not using their currency. The only place where the dollar could be accepted is the places outside major airports.
If I use a Forex card in Japan is that OK? Is it generally accepted?
Yes, you can certainly use your forex card as long as the Visa/Mastercard is accepted. While Japan’s payment system is more dependent on the local card makers, chances are that some vendors and teller machines might not accept the visa/mastercard cards or any other international cards, which have been issued outside of Japan.
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