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Home - Travel - Essentials
Money

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Cash, credit cards and IC cards

The Japanese currency is the yen (~, en). One yen corresponds to 100 sen. However, sen are usually not used in everyday life anymore, except in stock market prices. Bills come in 1,000 yen, 2,000 yen (very rare), 5,000 yen and 10,000 yen denominations. Coins come in 1 yen, 5 yen, 10 yen, 50 yen, 100 yen and 500 yen denominations. Counterfeit money is not an issue in Japan.

Foreign currencies are generally not an accepted outside of major international airports.

 Graph

  
120 days
monthly average

 Exchange Rates
 

Payment methods in Japan

Japan has a reputation of being a cash-based society, but trends have gradually been changing, and there has been a significant increase in the acceptance of other payment methods. Below are the modes of payment that you might use when visiting Japan:

  • Cash

    Cash is still the preferred payment method, especially when it involves small amounts. Big bills are readily used and accepted in Japan; you are unlikely to be frowned upon for using a 10,000 yen bill to pay even for low-cost items, although smaller denominations are appreciated for payments made in taxis, smaller shops, temples and shrines. The likelihood that credit cards are accepted decreases in small cities and towns, and thus it is advisable to keep cash at hand when visiting rural areas.

    Cash is usually the only way to pay for small entrance fees at tourist sights, at smaller restaurants and small shops. The majority of lockers also require coins. Preparing coins in advance when using buses and trams is a good idea. Buses generally do not accept bills above 1000 yen, and the bus driver may not carry any larger bills. Vending machines typically accept 10, 50, 100 and 500 yen coins and 1,000 yen bills. Newer machines typically also accept 5,000 and 10,000 yen bills.

  • Credit/Debit Cards

    There is an increased acceptance of credit and debit cards, especially in big cities. Most hotels accept payment by credit cards nowadays, as do most department stores, mid to high end restaurants, outlet malls and large retail shops. In addition, many train stations, convenience stores, supermarkets, chain restaurants and boutiques also accept them.

  • IC Cards (more information)

    IC cards, such Suica and Icoca, are a stored value cards which can be recharged. Primarily a tool for convenient payment of train and bus fares, IC cards now double as a means of payment at an increasing number of shops and restaurants, especially in and around train stations, at most convenience stores, many chain restaurants, numerous vending machines and some lockers in big cities.

2000 yen bills exist in very small numbers in the market

How to get your Yen

Having seen the main payment methods in Japan, you should have a basic idea of how you should prepare money for your trip. Cash is handy because it is accepted under all situations, but credit cards can be a convenient alternative at appropriate locations. Theft and robberies are very rare in Japan, so with regards to keeping large amounts of cash with you, security is less of a concern than your propensity to lose money by accident. Here are ways to get your yen:

  • Currency Exchange

    In Japan, currency exchange is usually handled by banks, post offices, some larger hotels and a handful of licensed money changers found especially at international airports.

    Whether or not it is better to change for yen before coming into Japan depends on the currency that you hold. For example, the US dollar is a highly traded foreign currency in Japan, and partly for this reason you might get a favorable rate if you change US dollars into yen in Japan. On the other hand, in some Southeast Asian countries, the foreign exchange market is very competitive and money changers take a smaller cut, therefore it might be better to do the exchange there before coming into Japan. For a general comparison in rates, refer to the Narita Airport's published rates.

  • ATM Withdrawal (more information)

    Many ATMs in Japan do not accept cards that are issued outside of Japan. The big exception are the ATMs found at the over 20,000 post offices and over 10,000 7-Eleven convenience stores across the country. Exchange rates offered at ATMs tend to be competitive, but service fees vary widely depending on the card. Inquire with your card issuer in advance. Note that many ATMs in Japan are out of service during the night, and some are unavailable on weekends.

  • Traveler's Check

    Traveler's Checks (T/C) tend to yield a more favorable exchange rate than the above two methods. The shortfall is the trouble of having to obtain them in your home country before you travel and then having to locate a place to change them in Japan. Whether you are getting more value for your money depends on your home currency and if your bank charges fees to issue the checks. Note that T/Cs are accepted in very limited currencies in Japan. International airports and leading banks are generally where you can change your T/C for yen. Refer to Narita Airport's published rates for generally accepted currencies.

Money-related tourist attractions

Below are a few money related sites in Japan that may be of interest to tourists:

Tokyo
Currency Museum (more information)
Maintained by the Bank of Japan, the Currency Museum recollects the history of money in Japan. It also shows some unique examples of money from around the world. English explanations and pamphlets are available. The Museum is located just across the street from the Bank of Japan's main building in Tokyo's Nihonbashi district.

Tokyo
Tokyo Stock Exchange
Hours: 9:00 to 16:30 (entry until 16:00)
Closed: Weekends, national holidays, December 31 to January 3
Admission: Free
The Tokyo Stock Exchange is located in the Nihonbashi district and is open to the public on trading days. Visitors can view the trading center from the visitors' gallery located one story above, participate in a simulated stock trading game, and learn about the history of the Japanese securities market at the TSE Historical Museum.

Osaka
Osaka Mint Bureau (more information)
The Osaka Mint Bureau is the head office of Japan Mint, a governmental agency responsible for the supply of coins in Japan. The facility maintains a mint museum open to public, introducing the coin production process and the history of the mint. There are also exhibits of various precious coins and medals from Japan and elsewhere.

Otaru
Otaru Bank of Japan Museum (more information)
The former Otaru branch of the Bank of Japan near the Sakaimachi Street dates back to 1912. It was converted into a museum in 2003 and features a number of creative displays about Japanese money and the branch's local history, including an old vault where visitors can feel the weight of a hundred million yen.

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English Links
Bank of Japan Currency Museum
Official English website.
Tokyo Stock Exchange
Official English website.
Osaka Mint Bureau
Official English website.

Japanese Links
Bank of Japan Currency Museum
Official website.
Tokyo Stock Exchange
Official website.
Osaka Mint Bureau
Official website.
Bank of Japan Otaru Museum
Official website.

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