Japan's currency as a vital element of the exchange value of the world economy

One of the most developed countries of the modern world today is Japan.Worthy of the rising sun's position in the global trade arena is occupied without the involvement of a strong financial sector, a major element of which is the monetary system of Japan.It has been many years stimulate the state's economy by helping domestic industry to develop new markets.Japan's currency while a freely convertible currency and an important means of sharing the values ​​of the international economic system.Of course, after the US dollar and the euro.


yen Japan's currency has a proud east name - the yen.It refers to the roundness of the monetary unit.Which is associated with the reforms of 1871, conducted by the state government, which had led to coinage of the round form.Prior to this period, the monetary units of the country have the oval, rectangular in shape and is produced by various feudal centers.Fate, which has undergone a currency of Japan in a relatively short period of its existence,

was quite difficult and had a significant number of failures associated with foreign factors.However, hard-working people of the rising sun every time the findings of the national currency to the leading commercial position of the international economic system.In the period from 1958 to 1972, Japan's currency did not carry out the functions of exchange of values, both within the state and beyond.Her place 14 consecutive years ranked the US dollar.During this time the leadership of the country has formed a clear financial strategy and carefully prepare the base for the introduction of the world economy of the national system of exchange values, which soon became the third volume of the reserve currency of the modern world.Represented by ¥ Yen symbol like the Chinese yuan.Also, the national currency is the Japanese cipher International Organization for Standardization ISO 4217 and bank code JPY.

Japanese currency - exchange rate and nominal

Today, Japan uses national currencies banknote form in denominations of 1,000, 2,000, 5,000, 10,000 yen, as well as monetary - in denominations of 1, 5, 10, 50, 100and 500 yen.Though the Japanese currency is sufficiently weighty subject of international Forex market, but the purchasing power of a single unit is very low.This is due to the fact that the burden of one of the main elements of a package of measures for the protection of domestic production bears the currency of Japan.The course of the ruble of the currency in connection with the development strategy of the business of the country of the rising sun is also low and is 33 kopecks per yen.This specificity allows Japanese producers profitable price advantages in the market of goods and services.Financial institutions in Japan to preserve artificially undervalued yen are constantly quite successful for the domestic economy and a rather aggressive competition for Japanese products interventional monetary policy.