Posted by Jim Broadbent on November 12, 2002
I read the meaning of the phrase "okay" and I tend to disagree with those given.
I believe that the word comes from the japanese word "okane" which means money (pronounced: O-kah-nay)
The japanese hand sign for this word is the same as what we use for "ok" in North America - a circle of the thumb and index finger with the other 3 fingers fanned out above.
I think (but have no proof) that the Japanese word was borrowed after the occupation of Japan following the Second World War.