Japan’s 1-yen coin appears to be on its way out permanently.
Could Japan’s 1-yen coin or ¥1 be ready to join what appears to be a continuing pattern of low-denomination coins being dropped from circulation worldwide?
It certainly appears so. The Japanese government has set a goal of increasing all cashless financial transactions to 40 percent by 2025 in an effort to reduce transportation and storage costs linked to using physical cash
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Japan: First coins unveiled for Tokyo 2020 Olympic and Paralympic Games
The Finance Ministry of Japan have unveiled (22nd February) the first series of Olympic coinage which is scheduled for release later in 2018. The first coins in the series comprise a gold design, two silver designs, and two base metal designs — all highlighting the various sports which will feature during the Games of the XXXII Olympiad — commonly known as “Tokyo 2020