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