World Paper Money Collect Banknotes for Pleasure and Profit
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    The yen 円 (sign: ¥; code: JPY) is the currency of Japan. It is the third most-traded currency in the foreign exchange market after United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro and the pound sterling. As is common when counting in East Asia, large quantities of yen are often counted in multiples of 10,000 (man, 万) in the same way as values in Western countries are often quoted in thousands.


    Currency 1953 Japan 100 Yen Banknote Showing Itagaki Taisuke Pick Number 90b
    Currency 1953 Japan 100 Yen Banknote Showing Itagaki Taisuke Pick Number 90b
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    Japan 5 Yen ND1946 P 86a VG+ F
    Japan 5 Yen ND1946 P 86a VG+ F
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    Japan 1 Yen ND1944 P 54a EF
    Japan 1 Yen ND1944 P 54a EF
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    Japan 1 Yen ND1916 P 30c  VG
    Japan 1 Yen ND1916 P 30c VG
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    JAPAN 200 YEN 1945 P 44a VF+
    JAPAN 200 YEN 1945 P 44a VF+
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    Japan 5 Yen ND1946 P 86a VG
    Japan 5 Yen ND1946 P 86a VG
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    Japan 5 Yen ND1943P 50a F+
    Japan 5 Yen ND1943P 50a F+
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    JAPAN WW2 1944 10 YEN USED NOTE 0778
    JAPAN WW2 1944 10 YEN USED NOTE 0778
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    Banknotes of All Nations Collection UNC Japan 500 Yen V887
    Banknotes of All Nations Collection UNC Japan 500 Yen V887
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    JAPAN 1930S 10 YEN BANKNOTE 2915
    JAPAN 1930S 10 YEN BANKNOTE 2915
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    Japan 1 Yen 1943 XF CRISP Banknote P49
    Japan 1 Yen 1943 XF CRISP Banknote P49
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    Japan 50 Sen 1942 45 XF++ CRISP Banknote SEASONS GREETING
    Japan 50 Sen 1942 45 XF++ CRISP Banknote SEASONS GREETING
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    1953 Japan 100 Yen note P90b VF
    1953 Japan 100 Yen note P90b VF
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    1946 Japan 1 Yen note P85 UNC
    1946 Japan 1 Yen note P85 UNC
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    Old Paper Money Japan Used
    Old Paper Money Japan Used
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    Japan 1700 1800s Original Hansatsu Fine 39
    Japan 1700 1800s Original Hansatsu Fine 39
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    Japan 10 Yen 1944 45 VF++ CRISP Banknote P 56
    Japan 10 Yen 1944 45 VF++ CRISP Banknote P 56
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    Japan 10 Sen ND 1947 Pick 84 UNC
    Japan 10 Sen ND 1947 Pick 84 UNC
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    Japan 10 yen 1943 44 in VF++ CRISP Banknote P 51
    Japan 10 yen 1943 44 in VF++ CRISP Banknote P 51
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    JAPAN 10 Yen 1940sP51 UNC
    JAPAN 10 Yen 1940sP51 UNC
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    Japan p 42  VG F 100 Yen 1930
    Japan p 42 VG F 100 Yen 1930
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    RARE China Japan 1940  10 Sen Dragon  Military Note VF +++
    RARE China Japan 1940 10 Sen Dragon Military Note VF +++
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    Japan P 85 ND1946 1 Yen Crisp Uncirculated
    Japan P 85 ND1946 1 Yen Crisp Uncirculated
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    Japan 100 Yen Banknote Japanese Old Paper Money
    Japan 100 Yen Banknote Japanese Old Paper Money
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    History
    The issuance of the yen banknotes began in 1872, two years after the currency was introduced. Throughout its history, the denominations have ranged from 10 yen to 10,000 yen.

    Before and during World War II, various bodies issued banknotes in yen, such as the Ministry of Finance and the Imperial Japanese National Bank. The Allied forces also issued some notes shortly after the war. Since then, the Bank of Japan has been the exclusive note issuing authority. The bank has issued five series after World War II. Series E, the current series, consists of ¥1000, ¥2000, ¥5000, and ¥10,000.

    Before World War II

    In 1872, the Ministry of Finance introduced notes in denominations between 10 sen and 100 yen. "Imperial Japanese Paper Currency" followed in 1873 in denominations of 1 yen up to 20 yen. "Imperial Japanese Paper Money" was issued between 1881 and 1883 in denominations between 20 sen and 10 yen.

    In 1877 and 1878, the Imperial Japanese National Bank issued 1 and 5 yen notes. In 1885, the Bank of Japan began issuing notes, in denominations of 1, 5, 10 and 100 yen. 20 yen notes were added in 1917, followed by 200 yen in 1927 and 1000 yen in 1945.

    Between 1917 and 1922, the government issued 10, 20 and 50 sen notes. 50 sen notes were reintroduced in 1938. In 1944, 5 and 10 sen notes were introduced by the Bank of Japan.

    Allied forces notes

    The Allies issued notes in denominations of 10 and 50 sen, 1, 5, 10, 20, 100 and 1,000 yen between 1945 and 1951, during which time the Bank of Japan also issued notes. Banknotes below 1 yen became invalid on December 31, 1953 by the same legislation mentioned above. Australia actually made notes for the occupation as well.

    By the early 1950s, notes below 50 yen had been replaced by coins, followed by those for 50 and 100 yen in the late 1950s. In 1957 and 1958, 5000 and 10,000 yen notes were introduced. The 500 yen notes were replaced after 1982.

    Modern Day Banknotes

    The current issue was launched in the year 2000. The 2,000 yen note was first issued on July 19, 2000 to commemorate the 26th G8 summit in Okinawa and the millennium year as well. Pictured on the front of the note is Shureimon, a famous gate in Naha, Okinawa near the site of the summit. The other side features a scene from the The Tale of Genji and the author Murasaki Shikibu on the lower right corner. The motif of the scene was taken from the 12th century illuminated handscrolls of the novel kept at the Tokugawa Art Museum in Nagoya.

    These notes are rare in the market, but at banks they are readily available. Many Japanese consider the 2,000 yen note a novelty as it is the only Japanese denomination in the factor of 2. To promote the circulation of the notes, some companies had started paying wages in them. The series D is the first to display the EURion constellation.

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