¥

Value of 1968 Japanese Yen today

¥100 in 1968
¥372 in 2022

The inflation rate in Japan between 1968 and today has been 272%, which translates into a total increase of ¥272. This means that 100 yen in 1968 are equivalent to 372 yen in 2022. In other words, the purchasing power of ¥100 in 1968 equals ¥372 today. The average annual inflation rate between these periods has been 2.46%.

Inflation timeline in Japan (1968 - 2022)

The following chart depicts the equivalence of ¥100 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 1968-2021 261.9%
Cumulative inflation 1968-today 272%
Avg. Annual inflation 1968-2021 2.46%
CPI 1968 28.06
CPI 2021 101.56
CPI 2022-04 (latest official data) 103.33
CPI today 104.4

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 1968 and 2021, use the corresponding CPI values:

Value2021
=Value1968 ×
CPI2021/CPI1968
=¥ 100 ×
101.56/28.06
¥361.9

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 104.4:

Valuetoday
=Value1968 ×
CPItoday/CPI1968
=¥ 100 ×
104.4/28.06
¥372

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 ¥100 worth today. There are 53 years between 1968 and 2021 and the average inflation rate was 2.4565%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=¥100 × (1 + 0.024565)53
¥361.9

Japan inflation - Conversion table

Initial Value Equivalent value
¥1 yen in 1968 ¥3.62 yen in 2021
¥5 yen in 1968 ¥18.09 yen in 2021
¥10 yen in 1968 ¥36.19 yen in 2021
¥50 yen in 1968 ¥180.95 yen in 2021
¥100 yen in 1968 ¥361.9 yen in 2021
¥500 yen in 1968 ¥1,809.48 yen in 2021
¥1,000 yen in 1968 ¥3,618.97 yen in 2021
¥5,000 yen in 1968 ¥18,094.83 yen in 2021
¥10,000 yen in 1968 ¥36,189.66 yen in 2021
¥50,000 yen in 1968 ¥180,948.31 yen in 2021
¥100,000 yen in 1968 ¥361,896.61 yen in 2021
¥500,000 yen in 1968 ¥1,809,483.05 yen in 2021
¥1,000,000 yen in 1968 ¥3,618,966.1 yen in 2021
Cumulative inflation From 1968 272%
Avg. annual inflation From 1968 2.46%
CPI 1968 28.06
CPI today 104.4

Value of Yen over time (by year)

Period Value
1968 100
1969 105.25
1970 112.37
1971 119.53
1972 125.34
1973 139.88
1974 172.35
1975 192.57
1976 210.65
1977 227.82
1978 237.37
1979 246.23
1980 265.37
1981 278.46
1982 286.11
1983 291.49
1984 298.05
1985 304.13
1986 305.97
1987 306.36
1988 308.36
1989 315.43
1990 325.11
1991 335.75
1992 341.55
1993 345.84
1994 348.23
1995 347.93
1996 348.41
1997 354.34
1998 356.64
1999 355.4
2000 352.95
2001 350.5
2002 347.36
2003 346.45
2004 346.42
2005 345.42
2006 346.3
2007 346.45
2008 351.23
2009 346.54
2010 343.97
2011 343.03
2012 342.88
2013 344.03
2014 353.52
2015 356.33
2016 355.88
2017 357.6
2018 361.14
2019 362.83
2020 362.74
2021 361.9
2022-04 368.22
Today 372

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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