The Japanese Yen, introduced in 1871, is one of the world’s most traded currencies, ranking just behind the US dollar and Euro. The name “yen” is derived from the word “round,” reflecting the original round shape of the coins. However, one intriguing aspect of the yen is its role in Japan’s unique monetary policy: the yen carry trade. This strategy, popular until the late 2000s, involves borrowing yen at low-interest rates to invest in higher-yielding global assets, influencing worldwide financial markets significantly.

Another fascinating fact about the yen is Japan’s reluctance to introduce significant currency notes above 10,000 yen, equivalent to approximately $100. This policy is rooted in a historical emphasis on discouraging hoarding and ensuring cash remains in active circulation, a nod to Japan’s collective and trust-based society, where efficiency and liquidity are highly valued.