What is the currency of Japan?

The currency of Japan is the yen. It is the official currency used throughout the country and plays a significant role in the global economy. The yen is often represented by the symbol "¥" and has been in use since the late 19th century. Its establishment was part of the modernization efforts during the Meiji Restoration, which aimed to create a strong, centralized currency that could facilitate trade and economic growth.

In contrast, the dollar refers to several currencies used in different countries, including the United States. The euro is the currency used by many countries in the European Union, and the pound is primarily associated with the United Kingdom. Each of these currencies is distinct and has its own value and exchange rates relative to other currencies. The yen’s unique status as Japan's currency is essential for understanding both domestic financial transactions and international trade relations.