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The smallest kokudaka to qualify the fief-holder for the title of daimyō was 10,000 koku (worth ¥ 705.53 million (2016) (equivalent to ¥ 719.91 million or US$6.6 million in 2019) [31]) [32] and Kaga han, the largest fief (other than that of the shōgun), was called the "million-koku domain".
The first gold yen coins consisted of 2, 5, and 20 yen coins which were struck throughout 1870. Five yen coins were first struck in gold for the Japanese government in 1870 at the San Francisco Mint. [25] During this time a new mint was being established at Osaka, which did not receive the gold bullion needed for coinage until the following ...
In 1946, following the Second World War, Japan removed the old currency (旧円券) and introduced the "New Yen" (新円券). [1] Meanwhile, American occupation forces used a parallel system, called B yen, from 1945 to 1958. Since then, together with the economic expansion of Japan, the yen has become one of the major currencies of the world. [9]
In Japan, the Wall of 1.03 million yen and 1.30 million yen (103万円・130万円の壁) is a controversial social phenomenon among Japanese spouses due to the government's taxation policy. If a spouse's income is in excess of 1.03 million yen , which constitutes a taxable income of 380,000 yen , the couple can take the marital deduction ...
Japanese middle school textbooks often state that one ryō was approximately equivalent to 100,000 Yen at the start of the Edo period, and around 3000–4000 yen at the end of the Edo period. On the other hand, the Currency Museum of the Bank of Japan states that one ryō had a nominal value equivalent 300,000–400,000 yen, but was worth only ...
If regional and industrial minimum wages differ, the higher of the two applies. [2] The current minimum wage (national weighted average) increased to 961 yen (¥) (6.49 U.S. dollars ($)) for the 2023 fiscal year starting on 1 April 2023.
The 20 yen coin (二十圓硬貨) is a former denomination of the Japanese yen. These coins were minted in gold , and during their lifespan were the highest denomination of coin that circulated in the country.
The first Japanese one-yen coins were minted between 1871 and 1872 using both silver and gold alloys. [1] [2] This came at a time when a new decimal system was put into place, and a modern mint was established at Osaka. The yen was officially adopted by the Meiji government in an act signed on June 27, 1871. [3]