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Value of 1956 Japanese Yen today

¥50,000 in 1956
¥303,232.82 in 2022

The inflation rate in Japan between 1956 and today has been 506.47%, which translates into a total increase of ¥253,232.82. This means that 50,000 yen in 1956 are equivalent to 303,232.82 yen in 2022. In other words, the purchasing power of ¥50,000 in 1956 equals ¥303,232.82 today. The average annual inflation rate between these periods has been 2.77%.

Inflation timeline in Japan (1956 - 2022)

The following chart depicts the equivalence of ¥50,000 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (JPY) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1956-2021 494.88%
Cumulative inflation 1956-today 506.47%
Avg. Annual inflation 1956-2021 2.78%
CPI 1956 17.07
CPI 2021 101.56
CPI 2022-04 (latest official data) 103.33
CPI today 103.54

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1956 and 2021, use the corresponding CPI values:

Value2021
=Value1956 ×
CPI2021/CPI1956
=¥ 50,000 ×
101.56/17.07
¥297,438.59

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 103.54:

Valuetoday
=Value1956 ×
CPItoday/CPI1956
=¥ 50,000 ×
103.54/17.07
¥303,232.82

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are ¥50,000 worth today. There are 65 years between 1956 and 2021 and the average inflation rate was 2.7813%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=¥50,000 × (1 + 0.027813)65
¥297,438.59

Japan inflation - Conversion table

Initial Value Equivalent value
¥1 yen in 1956 ¥5.95 yen in 2021
¥5 yen in 1956 ¥29.74 yen in 2021
¥10 yen in 1956 ¥59.49 yen in 2021
¥50 yen in 1956 ¥297.44 yen in 2021
¥100 yen in 1956 ¥594.88 yen in 2021
¥500 yen in 1956 ¥2,974.39 yen in 2021
¥1,000 yen in 1956 ¥5,948.77 yen in 2021
¥5,000 yen in 1956 ¥29,743.86 yen in 2021
¥10,000 yen in 1956 ¥59,487.72 yen in 2021
¥50,000 yen in 1956 ¥297,438.59 yen in 2021
¥100,000 yen in 1956 ¥594,877.17 yen in 2021
¥500,000 yen in 1956 ¥2,974,385.86 yen in 2021
¥1,000,000 yen in 1956 ¥5,948,771.72 yen in 2021
Cumulative inflation From 1956 506.47%
Avg. annual inflation From 1956 2.77%
CPI 1956 17.07
CPI today 103.54

Value of Yen over time (by year)

Period Value
1956 50,000
1957 51,549.21
1958 51,302.96
1959 51,858.15
1960 53,711.85
1961 56,595.33
1962 60,463.87
1963 64,519.14
1964 66,971.11
1965 71,428.69
1966 75,029.32
1967 78,022.86
1968 82,188.83
1969 86,503.61
1970 92,354.83
1971 98,243.47
1972 103,014.01
1973 114,965.24
1974 141,650.48
1975 158,272.88
1976 173,131.13
1977 187,244.01
1978 195,095.53
1979 202,375.59
1980 218,103.51
1981 228,862.09
1982 235,148.28
1983 239,570.98
1984 244,962.69
1985 249,956.86
1986 251,472.48
1987 251,795.48
1988 253,435.36
1989 259,249.5
1990 267,200.4
1991 275,946.4
1992 280,716.94
1993 284,245.16
1994 286,208.05
1995 285,959.58
1996 286,357.12
1997 291,227.05
1998 293,115.28
1999 292,096.69
2000 290,084.11
2001 288,071.53
2002 285,487.51
2003 284,742.07
2004 284,717.24
2005 283,897.3
2006 284,617.84
2007 284,742.07
2008 288,667.87
2009 284,816.64
2010 282,704.68
2011 281,934.42
2012 281,810.21
2013 282,754.35
2014 290,556.21
2015 292,866.93
2016 292,494.23
2017 293,910.42
2018 296,817.42
2019 298,208.83
2020 298,134.44
2021 297,438.59
2022-04 302,631.7
Today 303,232.82

All available years

Today's value of japanese yen by year:

1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |

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