- Japan Yen (JPY), symbol: ¥
The currency in Japan is the yen (¥), and banknotes and coins are easily distinguishable. There are:
- ¥1, ¥5, ¥10, ¥50, ¥100 and ¥500 coins;
- ¥1000, ¥2000, ¥5000 and ¥10,000 banknotes (the ¥2000 note is very rarely seen).
The ¥1 coin is an aluminium lightweight coin; the bronze-coloured ¥5 and silver-coloured ¥50 coins both have a hole punched in the middle.
Note that some vending machines do not accept older ¥500 coins. Prices may be listed using the kanji for yen.
Credit cards are a safe way to carry money, provide a convenient record of all your expenses, and generally offer relatively good exchange rates. You can withdraw cash advances from your credit cards at banks or ATMs, provided you know your 4-digit PIN. Keep in mind that you'll pay interest from the moment of your withdrawal, even if you pay your monthly bills on time. Also, note that many banks now assess a 1% to 3% "transaction fee" on all charges you incur abroad (whether you're using the local currency or your native currency).
The most readily accepted cards in Japan are American Express, Diners Club, MasterCard (also called Eurocard), Visa, and the Japanese credit card JCB (Japan Credit Bank). Shops and restaurants accepting credit and charge cards will usually post which cards they accept at the door or near the cash register (you can even use credit cards to pay for taxis). However, smaller establishments may be reluctant to accept cards for minor purchases and inexpensive meals, so inquire beforehand. In addition, note that the vast majority of Tokyo's least expensive businesses, including noodle shops, fast-food joints, ma-and-pa establishments, and the cheapest accommodations, often do not accept credit cards.
You can change cash at most Banks in Tokyo There are several ATM machines in Tokyo, which may be cheaper to withdraw money using your debit or credit card, but this depends on your individual bank charges!! (NOTE: Not all ATMs will accept foreign cards and not all ATMs are open 24 hours - Citibank has 24 hour ATMs!) Carry at least 10,000-20,000 yen in cash with you. Most Japanese ATM machines don't accept foreign cards. Also many establishments don't accept credit cards. While exchanging cards, stand up, bow slightly and hold your card facing the others with the fingertips of both hands.
Sorry, no exchanges found.