Yen: meaning, definitions and examples
๐ด
yen
[ jษn ]
currency unit
Yen is the official currency of Japan, symbolized by ยฅ. It is one of the most traded currencies in the world, and its value is often affected by Japan's economic conditions. The yen is subdivided into 100 sen, although sen are rarely used. This currency plays a critical role in international finance and is frequently used as a reserve currency by other nations.
Examples of usage
- The price of the car is 2 million yen.
- Exchange your dollars for yen at the bank.
- The yen has strengthened against the dollar recently.
historical usage
The term 'yen' is derived from the Japanese word 'en', which means 'circle' or 'round object'. This is because early coins used in Japan were circular in shape. The government introduced the yen in 1871, replacing the previous complex monetary system, and it has since evolved with the economy, influencing global markets.
Examples of usage
- During the Meiji Restoration, the yen was established.
- The yen's design has changed over the decades.
- Yen notes are recognized worldwide.
Translations
Translations of the word "yen" in other languages:
๐ต๐น ien
๐ฎ๐ณ เคฏเฅเคจ
๐ฉ๐ช Yen
๐ฎ๐ฉ yen
๐บ๐ฆ ัะฝ
๐ต๐ฑ jen
๐ฏ๐ต ๅ
๐ซ๐ท yen
๐ช๐ธ yen
๐น๐ท yen
๐ฐ๐ท ์
๐ธ๐ฆ ูู
๐จ๐ฟ jen
๐ธ๐ฐ jen
๐จ๐ณ ๆฅๅ
๐ธ๐ฎ jen
๐ฎ๐ธ yen
๐ฐ๐ฟ ะนะตะฝ
๐ฌ๐ช แแแแ
๐ฆ๐ฟ yen
๐ฒ๐ฝ yen
Etymology
The yen was officially adopted as the currency of Japan under the Currency Act of 1871, during the Meiji era, a significant period of modernization and Westernization. The introduction of the yen aimed to simplify the monetary system, moving away from complex provincial currencies and rice-based measures. The term 'yen' is derived from the Japanese word 'en', meaning 'round object', which reflects the shape of the coins used initially. The Bank of Japan was established to issue and manage the currency, ensuring stability and public confidence. Throughout the 20th century, the yen faced various challenges due to wars, economic crises, and changes in government policy. However, it has emerged as one of the world's leading currencies, being a key player in global finance. The yen is notable for its role as a reserve currency, which means it is held in significant quantities by governments and institutions as part of their foreign exchange reserves. Its fluctuations against other currencies are closely monitored by international investors and traders.