What is the official currency of Japan?

What is the official currency of Japan? Japan’s official currency is the yen.

The yen is Japan’s national currency and is written with the symbol ¥. In international financial markets, it is identified by the currency code JPY. Japanese banknotes and coins are issued under the country’s monetary system, with the Bank of Japan responsible for issuing banknotes.

The word yen comes from a Japanese term meaning “round,” reflecting the shape of coins. Japan adopted the yen in 1871 during the Meiji period, when the government reorganized the country’s monetary system and introduced a modern decimal currency.

A frequent mix-up is confusing the yen with the Chinese yuan. Both names share historical linguistic roots and may use similar symbols in some contexts, but the yuan is China’s currency and the yen is Japan’s. The Korean won is the currency of South Korea, while the ringgit is used in Malaysia.