In Japan, the monetary unit is known as the Japanese yen (JPY), represented by the symbol "¥". It comprises 100 smaller units called sen. The banknotes circulating in Japan come in denominations of 1,000 yen, 2,000 yen, 5,000 yen, and 10,000 yen, while the coins in circulation are 1 yen, 5 yen, 10 yen, 50 yen, 100 yen, and 500 yen. The Japanese yen is a significant currency in global finance and is widely exchanged in the foreign exchange market.