Definitions for japanese yen
ja·pa·nese yen

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1. Japanese yen

   The yen (Japanese: 円, Hepburn: en, symbol: ¥; code: JPY; also abbreviated as JP¥) is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the United States dollar and the Euro. It is also widely used as a reserve currency after the U.S. dollar, the Euro, and the U.K. pound sterling. The concept of the yen was a component of the late-19th century Meiji government's modernization program of Japan's economy, which postulated the pursuit of a uniform currency throughout the country, modelled after the European decimal currency system. Before the Meiji Restoration, Japan's feudal fiefs all issued their own money, hansatsu, in an array of incompatible denominations. The New Currency Act of 1871 did away with these and established the yen, which was defined as 1.5 g (0.048 troy ounces) of gold, or 24.26 g (0.780 troy ounces) of silver, as the new decimal currency. The former han (fiefs) became prefectures and their mints private chartered banks, which initially retained the right to print money. To bring an end to this situation, the Bank of Japan was founded in 1882 and given a monopoly on controlling the money supply.Following World War II the yen lost much of its prewar value. To stabilize the Japanese economy the exchange rate of the yen was fixed at ¥360 per US$1 as part of the Bretton Woods system. When that system was abandoned in 1971, the yen became undervalued and was allowed to float. The yen had appreciated to a peak of ¥271 per US$1 in 1973, then underwent periods of depreciation and appreciation due to the 1973 oil crisis, arriving at a value of ¥227 per US$1 by 1980. Since 1973, the Japanese government has maintained a policy of currency intervention, and the yen is therefore under a "dirty float" regime. The Japanese government focused on a competitive export market, and tried to ensure a low exchange rate for the yen through a trade surplus. The Plaza Accord of 1985 temporarily changed this situation: the exchange rate fell from its average of ¥239 per US$1 in 1985 to ¥128 in 1988 and led to a peak rate of ¥80 against the U.S. dollar in 1995, effectively increasing the value of Japan’s GDP in US dollar terms to almost that of the United States. Since that time, however, the world price of the yen has greatly decreased. The Bank of Japan maintains a policy of zero to near-zero interest rates and the Japanese government has previously had a strict anti-inflation policy.

How to pronounce japanese yen?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say japanese yen in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of japanese yen in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of japanese yen in Pythagorean Numerology is: 7

Examples of japanese yen in a Sentence

1. Lukman Otunuga:

   With Trump's unpredictable behavior leaving investors on edge, the Japanese yen has scope to appreciate further in the short term.

2. Brenda Kelly:

   The initial reaction in financial markets has been airline stocks all lower, and safe-haven capital flow with gold, German government bonds and the Japanese yen in demand, the news has certainly overshadowed much of the euro zone economic data this morning.

3. Lukman Otunuga:

   With Trump's unpredictable behavior leaving investors on edge, the Japanese yen has scope to appreciate further in the short term, however, a strengthening dollar on the back of heightened U.S. rate hike expectations could limit the yen's upside gains.

4. Greg Anderson:

   Normally when equity markets sell off the way they did yesterday, the Japanese yen is the best performing G10 currency, and yesterday was nowhere close to that.

5. Saxo Bank:

   The big turnaround was the Japanese yen, there is clearly big time (U.S. vs Japan) rate sensitivity there, the correlation (between moves in yields and yen) is likely to one-to-one almost, and without any risk appetite meltdown that should continue.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Japanese_Yen