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Japan's first formal currency system was the Kōchōsen (Japanese: 皇朝銭, "Imperial currency"). It was exemplified by the adoption of Japan's first official coin type, the Wadōkaichin. [3] It was first minted in 708 CE on the orders of Empress Genmei, Japan's 43rd Imperial ruler. [3] "
The first attempt at a new currency were made by Hideyoshi, who developed the large Ōban plate, also called the Tensho Ōban (天正大判), in 1588. [ 4 ] From 1601, Tokugawa coinage was minted in gold, silver, and bronze denominations. [ 2 ]
The first Japanese cash coins were the Wadōkaichin (和同開珎) which were produced from 29 August 708. [ 3 ] [ 4 ] [ 5 ] In 760 Japanese currency was reformed and gold and silver cash coins were introduced, however by the end of the 10th century the value of Japanese coinage had severely fallen combined with a weak central government led ...
The Chinese Kāiyuán Tōngbǎo coin (開元通寶), first minted in 621 CE in Chang'an, was the model for the Japanese wadōkaichin. Wadōkaichin ( 和同開珎 ) , also romanized as Wadō-kaichin or called Wadō-kaihō , is the oldest official Japanese coinage , first mentioned for 29 August 708 [ 1 ] on order of Empress Genmei .
The New Currency Act of 1871 introduced Japan's modern currency system, with the yen defined as 1.5 g (0.048 troy ounces) of gold, or 24.26 g (0.780 troy ounces) 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 mon was the currency of Japan from the Muromachi period in 1336 until the early Meiji period in 1870. It co-circulated with the new sen until 1891. Throughout Japanese history, there were many styles of currency of many shapes, styles, designs, sizes and materials, including gold, silver, bronze, etc.
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The first one yen notes adopted and released by the Japanese government were part of a series known as Meiji Tsūhō (明治通宝). These notes were the first Japanese currency ever to be printed using western printing at Dondorf and Naumann, which was located in Frankfurt. [1]