Learn about the Japanese Yen (JPY), its symbol ¥, and its role as the official currency of Japan. Get currency info, exchange rates, and detailed insights.

The Japanese Yen (JPY) is the official currency of Japan. Introduced in 1871, it is the third most traded currency in the world, following the U.S. Dollar (USD) and the Euro (EUR). The yen plays a central role in global finance and trade, particularly in Asia. It is often considered a safe-haven currency during times of global economic uncertainty.

• Economic Position: Japan is the third-largest economy in the world, with major industries in technology, automobiles, electronics, and finance.

• Key Drivers: Japan’s economy is driven by advanced technology, automotive manufacturing, consumer electronics, robotics, and global exports.

• Global Trade: The yen is widely used in international trade and is a key currency in the Asia-Pacific region. It is also one of the most commonly held reserve currencies worldwide.

• Memberships: Japan is part of the WTO, IMF, World Bank, G7, and G20.

• Imports and Exports: Imports include energy resources such as oil and natural gas, as well as raw materials. Exports are led by automobiles, electronics, precision machinery, and technology products.

• Economic Outlook: The yen is considered stable and often strengthens during times of global uncertainty, reflecting Japan’s status as a safe-haven economy.