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Japanese Sen
The was a Japanese coin worth one-hundredth of a Japanese yen, as 100 ''sen'' equalled 1 yen. One sen coins were first struck for circulation during the 6th year of Meiji (era), Meiji's reign (1873) using a dragon design. The denomination had been adopted in 1871 but coinage at the time could not be carried out. Aside from an alloy change and a new rice stalk wreath design, one sen coins remained the same weight and size for the remainder of the era. The situation changed when World War I broke out under Emperor Taishō as rising metal costs led to a size and weight reduction. These smaller coins were first produced in 1916 with a Government Seal of Japan, paulownia design which was seen as liberal at the time. Emperor Shōwa took the throne in 1926, and Japan was pushed into a militaristic regime by the early 1930s causing metals to be set aside for wartime conditions. These effects would later impact one sen coins through numerous alloy, size, and design changes. Bronze was t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japanese Yen
The is the official currency of Japan. It is the third-most traded currency in the foreign exchange market, after the United States dollar and the euro. It is also widely used as a third reserve currency after the US dollar and the euro. The New Currency Act of 1871 introduced Japan's modern currency system, with the yen defined as of gold, or of silver, and divided decimally into 100 ''sen'' or 1,000 ''rin''. The yen replaced the previous Tokugawa coinage as well as the various ''hansatsu'' paper currencies issued by feudal ''han'' (fiefs). The Bank of Japan was founded in 1882 and given a monopoly on controlling the money supply. Following World War II, the yen lost much of its pre-war value as Japan faced a debt crisis and hyperinflation. Under the Bretton Woods system, the yen was pegged to the US dollar alongside other major currencies. After this system was abandoned in 1971 with the Nixon shock, Nixon Shock, the short-lived Smithsonian Agreement temporarily reinstat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
