Which Asian country uses the yen as its currency?

Which Asian country uses the yen as its currency? Japan. The Japanese yen, written ¥ and coded JPY, is Japan’s official currency and is issued by the Bank of Japan. It is one of the world’s major currencies and is widely traded internationally.

Japan adopted the yen during the Meiji era under the New Currency Act of 1871. The reform replaced the complex mixture of coins and paper currencies used under the Tokugawa shogunate with a modern decimal system. The yen was originally divided into 100 sen and 1,000 rin, although those smaller units are no longer used.

A common mix-up is confusing the yen with China’s yuan, whose name has a related linguistic origin and is also represented by a similar symbol. Taiwan uses the New Taiwan dollar, Singapore uses the Singapore dollar, and China uses the renminbi. Japan’s circulating money includes coins from ¥1 to ¥500 and banknotes commonly valued at ¥1,000, ¥5,000 and ¥10,000.