Japanese Yen
The currency of Japan is the yen (JPY). It is the third-most-traded currency in the world.
The Japanese central bank — the Bank of Japan — was founded in 1882, but the country’s currency history is much older. The Bank of Japan began minting coins in the eighth century. Japan has the oldest population of the countries whose currencies we offer.
The yen has lagged other currencies over recent years. This benefits its export economy.
U.S. News & World Report ranks Japan as first in the world for its well-developed digital infrastructure.
About Japan
GDP1
$4.2
Trillion
USD
Major Exports2
Cars
Circuits
Motor Vehicle Parts
Major Export Partners2
China
U.S.
Taiwan
Budget Deficit3
-6.4%
Trade Flows4
-20.3
Billion
JPY
Pros and Cons of the Japanese Yen
- Global safe-haven currency5
- Backed by a large, advanced economy6
- Key funding currency for global carry trades7
- Long-term weakness due to ultra-low interest rates7
- Sensitive to central bank policy changes7
- Aging population and slow growth outlook8
1. https://tradingeconomics.com/country-list/gdp-per-capita
2. https://tradingeconomics.com/country-list/exports;?continent=g20
3. https://tradingeconomics.com/country-list/government-budget?continent=world
4. https://tradingeconomics.com/country-list/balance-of-trade
5. https://www.sciencedirect.com/science/article/abs/pii/S1062976925000171
6. https://www.worldbank.org/en/country/japan/overview
7. https://www.boj.or.jp/en/mopo/outline/index.htm
8. https://www.oecd.org/economy/japan-economic-snapshot/
How to Buy the Japanese Yen
Currency CD
Term
APY
3 Month
0.00%
6 Month
0.00%
9 Month
0.00%
12 Month
0.00%
Currency Deposit Account
$2,500 minimum initial trade per currency. After initial trade, no minimum trade amount required.
Balance
APY
All Balances
0.00%
Available Currencies
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Japanese Yen
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