Japan

has the single gold standard and the unit is the yen. The unit is not coined. The hundredth part of a yen is a sen and the tenth part of a sen a rin. The gold coins are full legal tender; silver coins are legal tender to the amount of 10 yen, and nickel and copper coins to the amount of 1 yen. In September, 1879, the Japanese silver yen of 416 grains,.900 fine, was declared by the government to be a legal tender, to be received and paid on a par with the Mexican dollar and to be accepted at the government offices in payment of customs dues, land rents, etc. The foreign banks and the mercantile community have recognized this action on the part of the LJ... — government and this silver yen of 416 grains is, in fact, the present monetary unit and it has virtually supplanted the Mexican dollar. 350