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In light of the dollar's reduction in value from ¥360 to ¥308 just before the reversion, an unannounced "currency confirmation" took place on October 9, 1971, wherein residents disclosed their dollar holdings in cash and bank accounts; dollars held that day amounting to US$60 million were entitled for conversion in 1972 at a higher rate of ¥360.
The inheritance tax is very high in Japan, reported to be 75% of the market price for over 500 million yen until 1988, and it is still 70% of the market price for over 2 billion yen. [33] Yet the appraisal of land for tax purposes used to be about one-half of the market value and the debt was considered at face value during the bubble period.
The 300 million yen robbery (三億円事件, San Oku En Jiken), also known as the 300 million yen affair or 300 million yen incident, was an armed robbery that took place in Tokyo, Japan, on December 10, 1968. A man posing as a police officer on a motorcycle stopped bank employees transferring money and stole 294 million yen. [1]
As the dollar went down, the Japanese yen became stronger. The euro, however, weakened slightly because people expect the European Central Bank (ECB) to lower interest rates soon, according to ...
In 2012, Japan was the fifth most visited country in Asia and the Pacific, with over 8.3 million tourists. [144] In 2013, due to the weaker yen and easier visa requirements for southwest Asian countries, Japan received a record 11.25 million visitors, which was higher than the government's projected goal of 10 million visitors.
The first notes to be printed were released between 1885 and 1887 in denominations of 1 to 100 yen. Throughout their history, the denominations have ranged from 0.05 yen (aka 5 sen) to 10,000 yen. Banknotes under 1 yen were abolished in 1953, and those under 500 yen were discontinued by 1984.
Japanese middle school textbooks often state that one ryō was approximately equivalent to 100,000 Yen at the start of the Edo period, and around 3000–4000 yen at the end of the Edo period. On the other hand, the Currency Museum of the Bank of Japan states that one ryō had a nominal value equivalent 300,000–400,000 yen, but was worth only ...
100,000,000 (one hundred million) is the natural number following 99,999,999 and preceding 100,000,001. In scientific notation , it is written as 10 8 . East Asian languages treat 100,000,000 as a counting unit, significant as the square of a myriad , also a counting unit.