Japanese Yen
The Japanese yen, also known as JPY or just plain yen, is a currency that can be used to buy things in Japan or to confuse tourists who haven’t quite figured out the exchange rate yet.
History
The yen was first introduced in the 1870s during the Meiji Restoration, when Japan was going through a bit of an identity crisis and decided to adopt Western-style capitalism. The yen replaced the older, less snazzy currency known as the mon, which was apparently too medieval for Japan’s brand new look.
Value
The value of the yen is notoriously difficult to understand. In some years it’s worth a lot, in others it’s worth less than a pack of gum. This doesn’t seem to bother the Japanese people too much, who just keep using yen and acting like everything is fine.
Design
One of the most distinguishing features of the yen is the fact that it comes in many different colors and sizes. It’s not uncommon to see a stack of yen bills that looks like a rainbow, which is both confusing and delightful at the same time.
Fun Facts
- The yen is the third most-traded currency in the world, behind only the US dollar and the Euro. This means that when you use yen, you’re part of a cool crowd.
- Some people have hoarded so many yen coins that they’ve built houses out of them. This is probably not the most practical way to spend your savings, but it does make a statement.
- There’s a castle in Japan that’s made entirely out of yen notes. It’s called the “Money Castle” and it’s both impressive and deeply unsettling.
In conclusion, the Japanese yen is a currency that will leave you feeling both delighted and confused. It’s the perfect souvenir from your trip to Japan, assuming you can figure out what you’re buying.