Money in the Land of the Rising Sun III - The Yen
The year 1868 marked a turning point: the Land of the Rising Sun entered into modernity in the so- called Meiji period (1868-1912). A rapid reform of the state along Western lines took place. The old feudal patterns were abolished, the ban on travelling abroad was lifted. The army was remodelled on the Prussian pattern. Also, the various Japanese currencies were replaced by the new yen.