JPY


Also found in: Acronyms.

JPY

The ISO 4217 currency code for the Japanese Yen.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

JPY

ISO 4217 code for the Japanese yen. It was introduced by the Meiji government in 1871. The yen decimalized the previously used Tokugawa currency. It was originally pegged to gold (smaller units were pegged to silver). Following World War II, the yen switched its peg to the U.S. dollar through the Bretton Woods System. In 1971 the yen began to float because it had become undervalued and because the United States left the Bretton Woods System. The currency suffered from exceptionally low value in the wake of the Asian financial crisis but had stabilized by the mid- and late-2000s. Along with being a common reserve currency, it is one of the most commonly traded currencies in the world.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Analysts expect that it will be difficult for the domestic players to pass on the impact of appreciating JPY to consumers owing to eroding purchasing power of the consumers in the backdrop of deteriorating macros.
PSMC has emerged as the worst affected by JPY appreciation.
Contributions of JPY 30m will be made each year over 3 years starting in June 2014, totaling JPY 90m.
It is part of a larger JPY 600m (USD 6.0m) plus commitment made by The Prudential Foundation to support relief, recovery and rebuilding in the aftermath of the disaster.
Software and Services revenue from Japan grew 8.5% to JPY 307.8bn ($2.88bn), but sales from overseas, including the former ICL operation, fell 5.7% to JPY 128.3bn ($1.2bn), which it blamed in part on the impact of currency conversion and the sale of several European operations.
Revenue from the Platforms division grew 5.9% to JPY 373.8bn ($3.49bn), which was driven by a 25.1% growth in revenue from servers to JPY 84.6bn ($791m).