this post was submitted on 01 Jan 2025
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Consider the fact that Japan has a ¥1 coin. It is strangely light, and can actually float on water if you are careful enough with the surface tension.
The purpose of leaving that coin in circulation is pricing. ¥399 looks much better than ¥400.
At the moment, ¥1 is about 0.64¢.
I got to say I disagree about the pricing thing. I know every business uses this psychological exploit, but to any kind of budget conscious shopper, doing math with round numbers is so so so much better. Like if I'm looking at a case of oil for my car and six bottles is $40, it makes it way easier to figure out the price per liter instead of bullshit like $38.99