Today the en
円
(anglicized as “yen”) is the currency of Japan; but various other monetary
units have existed throughout Japan’s history. The yen, in fact, is a
relatively recent unit of currency. The first yen coins appeared in the
1870s, following the Meiji Restoration. The first yen coins were based on
the gold standard. High-denomination coins were made of gold, while lower
value coins were made of silver or copper.
Chinese Coins as Japanese Currency
Like many things in Japan,
Japanese coinage can be traced back to China. The most ancient Japanese
coins were actually imported Chinese currency. The Japanese government
soon began minting coins of its own, but it stopped mint operations in the
tenth century. Central government minting did not resume again until the
sixteenth century. During this long period without central government
coinage, Chinese coins once again became the primary units of monetary
exchange. Most of the Chinese money imported during these years was minted
by the Ming and Song Dynasties.
Luckily, Japan was able to obtain
Chinese coins through expanding trade relations with the Middle Kingdom.
Japan exported a few raw materials to China (mostly copper and sulfur), as
well as many finished goods: lacquerware, fans, and some textiles. But the
most significant Japanese export was weaponry. Japanese swords were in
great demand on the Chinese mainland. In some years, tens of thousands of
swords were exported. (Around 37,000 swords were exported to China in 1438
alone.) This booming export trade ensured a steady flow of Chinese
currency into Japan.
Private Minting During the Sengoku Jidai and the First Tokugawa Coins
A series of disastrous civil wars
plagued Japan from the late 1400s through the early 1600s. Through this
era, Chinese coins were used; but local warlords also minted their own
coins. One of these coins was the bita-sen
鐚銭.
The bita-sen were typically made of copper, and poorly cast. Many
became cracked and chipped after brief periods of circulation. Because of
these quality problems, merchants often refused to accept these coins at
their face value. (Bita鐚is
an abbreviation for bita-sen
鐚銭.)
In the early 1600s, Japan was
unified under the Tokugawa shogunate (military rulers), and the era of
constant warfare was at an end. The new central government began minting
coins of its own. The mon /
文 was
one of the coins minted by the Tokugawa shogunate. Mon coins were
cast in various denominations. The quality of these coins was reasonably
good, and many whole specimens survive today.
The phrase bita-ichimon is
a combination of the names of these two old coins. Bita-ichimon
means “a single penny.” A common expression is bita-ichimon mo nai
(“to not have a single cent.”)