Make Payments and Receive Payments in JPY - Japanese Yen
Pay in Japanese Yen (JPY)
Mondial Change allows you to make international payments in JPY (Japanese Yen) with ease. Manage your Japanese Yen beneficiaries, track your transactions in real-time, and enjoy a secure online platform. We do not apply any exchange commission on your JPY operations (a spread is applied on the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your client rate is always communicated transparently before the validation of each of your transactions.
Receive Payments in Japanese Yen (JPY)
Mondial Change allows you to receive payments in JPY (Japanese Yen). Payments in JPY are received in an account in your name with a dedicated IBAN. This JPY account with a nominative IBAN is provided to you free of charge. It allows you to receive JPY payments from your clients or subsidiaries and also to hold Japanese Yen. The JPY can be reused to make payments in JPY. The JPY can also be converted into EUR or any other currency of your choice and repatriated to your bank account. The Japanese Yen (JPY) account can be located in France or other countries (see possible locations).
Do you want to hedge your exchange risk on the Japanese Yen (JPY)? Check our dedicated page for JPY currency hedging
Mondial Change Answers All Your Questions About Payments in Japanese Yen (JPY)
What is the timeframe for a JPY payment to be credited to the beneficiary's account?
It generally takes between 1 and 2 business days for a Japanese Yen transfer to be credited to the beneficiary's account. However, please note that these timeframes are not contractual, and our partners responsible for the execution and routing of payments cannot be held liable if JPY payments are credited beyond 2 business days to the beneficiary's account.
What are the fees for a payment in Japanese Yen (JPY)?
The fees applied to transfers in Japanese Yen (JPY) generally range from 0 to 10 euros, depending on the agreement with Mondial Change's trading desk. The rate mainly depends on your annual JPY exchange volume and the number of Japanese Yen payments made during the year.
Are there any minimum or maximum amounts for payments in Japanese Yen (JPY)?
Mondial Change and its partners verify that your Japanese Yen flows are consistent with the data declared during account opening and consistent with your business volume to ensure compliance and security. If there are restrictions on transaction volumes, they will be communicated to you well in advance of the validation of your operations.
What are the specific rules for executing a payment in Japanese Yen (JPY)?
For JPY payments via the SWIFT network, you only need to provide the following information:
• Full name of the beneficiary
• SWIFT/BIC code
• Account number
Is it possible to modify a payment in Japanese Yen (JPY) after it has been executed?
Yes, it is possible with some of our partners to modify a payment in Japanese Yen (JPY) even after it has been sent via SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment was not executed via the SWIFT network, then it is not possible to make such amendments, and you must wait for the payment to be returned if applicable.
Is the Japanese Yen (JPY) account provided to you a bank account, and is it nominative?
The Japanese Yen (JPY) account for which we provide you with the details is not a bank account per se, as the account-holding institution is not a bank but a partner payment institution. These accounts are labeled in your name, and the IBAN attached to the account is unique. You thus have a guarantee of segregation of your funds in the books of our partners. The security guarantees for your funds are similar to those offered by traditional banks. The account can be located in different countries according to your operational needs. Please consult the page related to opening a Japanese Yen (JPY) account for more information.
Is it possible to hold Japanese Yen (JPY) in the JPY account provided to you?
You can use this Japanese Yen (JPY) account to receive or store Japanese Yen. The funds can then be reused to issue payments in Japanese Yen or be converted into other currencies. The account is also compatible for receiving JPY payments from e-commerce platforms like Amazon or payment systems like Adyen or Stripe.
What are the holidays when payments in Japanese Yen (JPY) cannot be executed?
January 1st: New Year's Day (Ganjitsu)
Variable date (2nd Monday of January): Coming of Age Day (Seijin no Hi)
February 11th: National Foundation Day (Kenkoku Kinen no Hi)
February 23rd: Emperor's Birthday (Tennō Tanjōbi)
Variable date (March): Vernal Equinox Day (Shunbun no Hi)
April 29th: Shōwa Day (Shōwa no Hi)
May 3rd: Constitution Memorial Day (Kenpō Kinenbi)
May 4th: Greenery Day (Midori no Hi)
May 5th: Children's Day (Kodomo no Hi)
Variable date (3rd Monday of July): Marine Day (Umi no Hi)
Variable date (3rd Monday of September): Respect for the Aged Day (Keirō no Hi)
Variable date (September): Autumnal Equinox Day (Shūbun no Hi)
Variable date (2nd Monday of October): Sports Day (Taiiku no Hi / Sports Day)
November 3rd: Culture Day (Bunka no Hi)
November 23rd: Labor Thanksgiving Day (Kinrō Kansha no Hi)
History of the Japanese Yen
The Japanese Yen (JPY) is the official currency of Japan, one of the world's leading economies. The Yen has been used since 1871, replacing the former Japanese currency, the ryō. The word "yen" literally means "round" in Japanese, referring to the round coins used in the country. The Japanese Yen is issued by the Bank of Japan, which is responsible for the country's monetary policy. This currency is widely accepted and used in Japan for daily transactions, international trade, and tourism.
Monetary Policy of the Japanese Yen
The monetary policy of the Japanese Yen (JPY) is managed by the Bank of Japan, the country's central bank. The main objective of the Bank of Japan is to maintain price stability and promote sustainable economic growth. To achieve these goals, the central bank uses various monetary policy instruments, including the interest rate and quantitative easing. The Bank of Japan also intervenes in the foreign exchange market to influence the exchange rate of the Japanese Yen against other currencies. It closely monitors economic and financial indicators to make informed decisions on monetary policy. The monetary policy of the Japanese Yen aims to maintain financial stability, support economic growth, and prevent excessive inflation.
Characteristics of the Japanese Yen
The Japanese Yen (JPY) has certain characteristics that distinguish it from other currencies. Firstly, the Yen is the third most traded currency in the world, making it an important currency in international financial markets. It is subdivided into sub-units called "sen" and "rin," although their practical use has become less common. Yen banknotes are issued in different denominations, ranging from 1,000 JPY to 10,000 JPY, while coins are available in 1, 5, 10, 50, 100, and 500 JPY. The Yen is renowned for its stability and status as a safe haven in times of economic uncertainty.