The symbol "円" (pronounced "en") represents the currency of Japan, known as the Japanese yen. It is one of the most traded currencies in the world and is denoted by the symbol "¥." The yen is subdivided into 100 smaller units called sen, although sen is rarely used in everyday transactions. The yen was introduced in 1871 as part of the Meiji government's efforts to modernize Japan's economy. It replaced the complex system of currency that existed before, simplifying trade and commerce. Today, the Bank of Japan is responsible for issuing and regulating the yen, ensuring its stability in the global market.