The banknotes of the Japanese yen are part of the physical form of Japan's currency. Modern banknotes were first released by the Bank of Japan in 1885, three years after the Japanese government established a centralized bank. Throughout their history, the denominations have ranged from 0.05 yen to 10,000 yen. All of notes worth more than 1 yen, and printed since 1946 are still legal tender.