The currency of Japan is

(a) Yen

(b) Won

(c) Dollar

(d) Yuan

The Correct Answer: (a) Yen

The official currency of Japan is the Yen (¥). Its symbol is ¥ and its international currency code is JPY. Introduced by the Japanese government in 1871, the Yen replaced the old monetary system of Tokugawa coins and became part of Japan’s modernization efforts during the Meiji era. The word “Yen” in Japanese means “round object” or “circle”, referring to the shape of the coins.

The Yen is divided into 100 sen, though sen are no longer used in everyday transactions. Today, Japan issues both coins (1, 5, 10, 50, 100, and 500 Yen) and banknotes (1,000, 2,000, 5,000, and 10,000 Yen). The Bank of Japan is responsible for printing and regulating its currency.

Globally, the Yen is one of the most traded currencies in the world, after the US Dollar and the Euro, and it plays an important role in the international financial market.

Why other options are incorrect:

Won (b): Currency of South Korea.

Dollar (c): Currency of the United States and some other countries, but not Japan.

Yuan (d): Currency of China (also known as Renminbi).

Hence, the currency of Japan is the Yen (¥), which is not only important for Japan’s economy but also holds great significance in global trade and finance.