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Japanese Yen (JPY)

The official currency of Japan

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For the love of Japan

  • Nov 11, 2010
  • by
Rating:
+4
+4 is probably the highest ranking I'm going to give to any foreign currencies. Japanese Yen (JPY) is at the forefront of these ratings. It is not because I made a lot of money from investing or speculating in JPY. Neither is it because it is the currency I'm currently investing in. These are not the reason why I prefer one currency over another. It is not personal gains that's the benchmark. Wrong, I should qualify that. It is not personal monetary gains that made me rate the way I rated. Rather, this is one of the currencies I don't mind holding because I use quite a bit of it personally over the years and because I derived a lot of enjoyment and personal gains from that enjoyment. 



During my rampant and chaotic travels across the globe in the last decade, JPY has to be one of the currencies that I've exchanged a lot over the years. At one time, I traveled to Japan every season of the year! Not only that, I contributed quite a bit to its economy (and hence creation of jobs ;-) That's the way I reason for my global spendings, hahaha... makes me feel a lot better and not just wasting money away by rationalizing it that way :-D). Now, don't you feel good when in the process of shopping, you are also contributing to the creation of jobs and the economy?! Well, the Japanese always thank me gracefully whenever I spent money in their countries. Even now, I'm a lover of Japanese made goods. Made in Japan is a benchmark which most countries in the world are not able to cross, except perhaps for Switzerland and limited only to a few of its product line.

 

Another more realistic reason why I like it is that by holding it, even if it fluctuates in exchange rates, I know I can still use it to buy things I like whenever I wish to. It is unlike that of Australian Dollar whereby despite its recent gains and fantastic performance, I can find only few things to buy there! Well, since I'm not rich like some Chinese are (who buy up mining companies and other raw materials for their businesses) stocking up on Aussie $ is not a meaningful goal for me. I know, I know, one can easily convert it back to whatever currencies. Problem is what if it's at its height now? Then I'm going to face losses in getting rid of it! Unlike the Japanese Yen, I still derive utility and happiness in the process of getting rid of it! ;-) See, I write reviews from a different perspective as compared to many people. I like writing things that I've personal experiences in and not so much for business. Afterall, there is no monetary gains from writing review on Lunch! So, I'm left with a free hand instead.

Another enjoyment is this... In Japan, you can easily be a millionaire! That's a mere US$12,200! Isn't that great to tell everyone you're a millionaire in Japan? LOL... I know, cheap thrills but still thrills, right?!

Well, as far as I'm concerned, I like JPY for whatever queer personal reasons. I also enjoy my shopping experiences in Japan and I don't seem to get enough of it even after 30 years! What can I say, except, perhaps I'm a Japanese in my last life! Gambatte Kudasai, Nippon! I love Japan!!!



In the event that you're stuck with lots of Yen, why not get one of these cutie? I mean the robots, ok? :-)
That's a lot better than getting stuck with a currency that'd eventually end up as wallpaper, don't you think? Let's go shopping in Tokyo! Asimo it is!

For the love of Japan For the love of Japan

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November 27, 2010
ah-hah! Here's mu friend sharing about money again! Love it!
 
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More Japanese Yen (JPY) reviews
Quick Tip by . November 11, 2010
One of the easiest gateways to be a millionaire! If you're rich, you can even be a billionaire!
Quick Tip by . November 10, 2010
I've a lot more confident in the Yen than many any other Asian currencies. For 20 years that I've been traveling to this country, the Yen do fluctuates, but within a reasonable band. A country with a large foreign reserves is one that can at least deal with the thunderstorm than one that's totally broke!
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Sharrie ()
Ranked #3
I'm a traveler at heart & have been nicknamed Travel Queen by friends & colleagues alike. Traveling has been my life passion for the last decade or so. As we enter a new decade, I'm excited … more
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Wiki

The Japanese yen ( or  en?) (sign¥codeJPY) is the official currency of Japan. It is the third most-traded currency in the foreign exchange market after United States dollar and the euro.[1][verification needed]It is also widely used as a reserve currency after the U.S. dollar, the euro and the pound sterling. As is common when counting in East Asia, large quantities of yen are often counted in multiples of 10,000 (man, 万) in the same way as values in Western countries are often quoted in thousands.
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