Japanese Yen Casinos

The Japanese Yen is the official currency of Japan and it is highly regarded worldwide and is the third most traded currency in the foreign exchange markets, following the US dollar and the Euro. Rather strangely the yen is also one of the currencies used in Zimbabwe after the Zimbabwean dollar was suspended.  The currency was officially adopted in 1871 by the Meiji government at the time and before this point Japan had been using a combination of different currencies which included Mexican pesos and Spanish dollars.

The name yen is taken for the Japanese word for ‘a round object’ which makes sense when you consider the shape of a coin. Initially one yen was divided into 100 sen and 1000 rin but soon due to inflation both these smaller denominations became practically worthless and they were no longer considered official tender as of 1953. The ISO currency code for the yen is JPY and outside of Japan itself the symbol used for the currency is ¥ and this kanji symbol is pronounced simply with the phonetic sound for ‘y’.

The History of the Japanese Yen

Japan was very closely connected with Spain and nations in the Spanish empire and so the Spanish dollar became the usual currency in this region and throughout Southeast Asia. The Spanish silver dollar remained the leading currency for many years although other such as silver dollars minted in Hong Kong were also accepted as legal tender but towards the end of the 19th century things changed. In 1871 the Japanese government minted and adopted their own silver dollar based currency and this was the beginning of the yen.

The first coins that were minted were the 1 rin, ½, 1 and 2 sen which were all minted in copper and also the 5, 10, 20, 50 sen and 1 yen minted in silver and finally the 2, 5, 10 and 20 yen which were minted in gold. Two years after the coins were introduced the yen was released in banknote form and denominations of yen notes have changed considerably over the years with everything from 10 to 10,000 yen notes available. The current yen notes in circulation are the 1,000, 2,000, 5,000 and 10,000.

There was considerable devaluation in the price of silver in 1873 and this in turn saw the value of the yen fall as it was so closely tied to silver. By 1897 one yen was worth half of a US dollar and during the Second World War things got even more desperate as the yen all but collapsed. In 1949 a single US dollar was worth a huge 360 yen. The value of the yen was slowly but surely stabilised and by 1995 recovery had been achieved to such a level that the economy of Japan was almost on par with the US.

Japanese Yen Conversion Rates

Today one Japanese yen is worth around £0.006 or $0.008. Conversely £1 is worth ¥162.55 and $1 is worth ¥113.

Japan does not allow gambling within its borders and it has been illegal there since 1907. There is a belief that casinos may soon be allowed in Japan but this hasn’t changed to date and as regular casinos being banned their online counterparts are too. This doesn’t stop players from enjoying online casinos in other jurisdictions and there are many casino sites which allow gambling accounts which are funded by Japanese yen although you will find most gameplay is conducted in dollars, Euro or pound sterling.

Welcome Bonus

100% Bonus Up To £100 + 100 Extra Spins

T&Cs Apply

  • ✔ Games From NetEnt, Microgaming + 14 more
Visit

Welcome offer £100 Bonus and 100 Book of Dead Free Spins. 18+ new players only. Minimum deposit £20. Maximum £100 bonus. Maximum bet with active bonus £2. Wagering required 100% match bonus: 30x deposit + bonus. Maximum win from welcome bonus: £500. 100 Free Spins are given out 20 per day on Book of Dead for 5 days in a row. Maximum Free Spins winnings: £100. Free Spins winnings credited as bonus money with 45x wagering & 3 days expiry. Deposit bonus & Free Spins wins are forfeited 30 days after bonus is credited if the wagering is not met. Game weighting and restrictions apply. Play Responsibly www.begambleaware.org.

BeGambleAware.org - Please Gamble Responsibly18+ Only

Welcome Bonus

Deposit £10 and get 50 Extra Spins

T&Cs Apply

  • ✔ Pay By paysafecard, PayPal, Apple Pay + 18 more
  • ✔ Games From NetEnt, Microgaming + 55 more
Visit

Welcome package up to £1000 and 100 Spins on first 5 deposits, starting with 50 free Starburst spins on 1st deposit. New Players Only. Wagering occurs from real balance first. 50X wagering the bonus or any winnings generated from free spins. Contribution may vary per game. Available on selected games only. The wagering requirement is calculated on bonus bets only. Bonus is valid for 30 days and Free spins valid for 7 days from issue. Maximum conversion 3 times the bonus amount or from free spins £20. Excluded Skrill & Neteller deposits. Full Terms apply. 18+ only. Please play responsibly. Begambleaware.Org. #AD

BeGambleAware.org - Please Gamble Responsibly18+ Only

Welcome Bonus

50% Bonus Up To £100 + 25 Extra Spins

T&Cs Apply

  • ✔ Pay By PayPal, paysafecard, Apple Pay + 23 more
  • ✔ Games From NetEnt, Microgaming + 55 more
Visit

Welcome offer 50% up to £100 plus 25 free spins on Dazzle Me on 1st deposit. Deposit code 25DM required. New Players Only. Opt in required. Minimum deposit £10. Wagering occurs from real balance first. 50X wagering the bonus. Contribution may vary per game. Available on selected games only. The wagering requirement is calculated on bonus bets only. Bonus valid 30 Days from receipt and Free Spins 7 days from issue. Maximum conversion 3 times the bonus amount or from free spins £20. Withdrawal requests voids all active/pending bonuses. Excluded Skrill deposits. Full Terms apply. 18+ only. Please play responsibly. Begambleaware.Org. #AD

BeGambleAware.org - Please Gamble Responsibly18+ Only

Welcome Bonus

Deposit £20 and get 50 Extra Spins

T&Cs Apply

  • ✔ Pay By Apple Pay, paysafecard, PayPal + 16 more
  • ✔ Games From NetEnt, Microgaming + 55 more
Visit

Welcome Package worth up to £1000 and 100 Free Spins over 5 deposits, starting with 50 Free Book of Dead Spins on 1st deposit. New Players Only. Minimum Deposit £20. Wager from real balance first. 50X wager the bonus. Contribution varies per game. selected games only. Wager calculated on bonus bets only. Bonus valid 30 days and Free spins valid 7 days from receipt. Maximum conversion 3x the bonus amount or from free spins £20. Withdrawal requests voids all active/pending bonuses. Excluded Skrill & Neteller deposits. Full Terms apply. 18+ only. Please play responsibly. Begambleaware.Org. #AD

BeGambleAware.org - Please Gamble Responsibly18+ Only

Welcome Bonus

Deposit £10 and get £10 Bonus + 20 Extra Spins

T&Cs Apply

  • ✔ Pay By paysafecard + 11 more
  • ✔ Games From NetEnt, Microgaming + 55 more
Visit

Welcome offer 100% bonus up to £25 and 20 Bonus Spins on Sahara Riches Cash Collect. New customers. Opt-in required. 20 Bonus Spins on "Sahara Riches Cash Collect" at 10p per spin and 100% Deposit Bonus up to £25 on first deposit (payment method and play restrictions apply). Minimum deposit £10. 30x wagering for Bonus Spins and Deposit Bonus (game weighting applies). Max. £5/spin or £0.50/line. 30 days expiry. Please gamble responsibly. BeGambleAware.org. T&Cs apply

BeGambleAware.org - Please Gamble Responsibly18+ Only

Welcome Bonus

100% Bonus Up To £50 + 50 Extra Spins

T&Cs Apply

  • ✔ Pay By PayPal + 8 more
  • ✔ Games From Microgaming, NetEnt + 14 more
Visit

Welcome offer 100% bonus up to £50 and 50 Real Money Free Spins on Book of Dead. 18+ new players only. Maximum £50 bonus. Minimum deposit £20. Deposit Bonus wins are capped at £500. Maximum bet with active bonus £2. Wagering requirement 100% match deposit bonus: 30x sum of deposit + bonus. Winnings from Free Spins are credited as Real Money without wagering requirement. Some games may not be played with an active bonus. Games may contribute differently when wagering a bonus. Deposit Bonus expires after 30 days if wagering requirement has not been met. Free Spins expire after 3 days. One bonus allowed per person, address, device, IP. www.begambleaware.org. Full terms apply.

BeGambleAware.org - Please Gamble Responsibly18+ Only

Welcome Bonus

Deposit £10 and get 50 Extra Spins

T&Cs Apply

  • ✔ Independent Software
  • ✔ Pay By PayPal, paysafecard + 26 more
  • ✔ Games From Microgaming, NetEnt + 11 more
Visit

Welcome offer 50 Free Spins on Starburst on 1st deposit. New depositers only. UK residents only. Minimum deposit £10. Must be used within 7 days. 10x wagering requirement. Excludes deposits made by Skrill, Entropay and Neteller. Terms apply. Please Gamble Responsibly. www.gambleaware.org

BeGambleAware.org - Please Gamble Responsibly18+ Only