Japanese yen (JPY) is one of the leading global currencies and the official money of Japan. According to International Monetary Fund 2021 data, JPY takes the 3d place in global currency reserves after the US dollar and the euro. The sign of the yen is ¥. “Yen” means “round” in Japanese, the same as “yuan” in China or “won” in the Koreas, and refers to the circular shape of the coins. Round coins were not originally used in these territories. They were introduced by Europeans. In the 18th century, Spanish and Mexican silver coins appeared in China, and Japan started to mint its round coins in the 19th century.
Japan is one of the most economically developed countries. Many online gambling operators target JPY players and accept yen. However, land-based and online casinos are prohibited in Japan despite those located in special casino resorts. Only lotteries, soccer, and racing totes are officially allowed in Japan. The good news is that the Japanese government actually doesn’t prosecute players; the law is focused on gambling organizations. That is why Japanese players can safely gamble at numerous casinos located overseas. Depositing and withdrawing Japanese yen in online casinos & betting shops is easy, quick and secure if one chooses from a list of checked and reliable online gambling services.
