Value of 1968 Japanese Yen today

¥300,000,000 in 1968

¥1,119,507,134.19 in 2020

The inflation rate in Japan between 1968 and today has been 273.17%, which translates into a total increase of ¥819,507,134.19. This means that 300,000,000 yen in 1968 are equivalent to 1,119,507,134.19 yen in 2020. In other words, the purchasing power of ¥300,000,000 in 1968 equals ¥1,119,507,134.19 today. The average annual inflation rate has been 2.52%.

Inflation timeline in Japan (1968-2020)

The following chart depicts the equivalence of ¥300,000,000 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1968-2020) 273.14%
Total Inflation* 273.17%
Annual inflation avg. (1968-2020) 2.56%
Annual inflation avg.* 2.52%
CPI 1968 27.42
CPI 2020 102.3
CPI today* 102.31
¥1 in 1968 ¥3.73 in 2020

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 ¥300,000,000 worth today. There are 52 years between 1968 and 2020 and the average inflation rate has been 2.5158%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ¥300000000 * (1 + 0.03)52 = ¥1,119,433,608.18

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1968 was 27.42 and the CPI today is 102.31. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ¥300,000,000 *
102.3/27.42
= ¥1,119,433,608.18

Japan inflation - Conversion table

Initial Value Equivalent value
¥1 yen in 1968 ¥3.73 yen today
¥5 yen in 1968 ¥18.66 yen today
¥10 yen in 1968 ¥37.32 yen today
¥50 yen in 1968 ¥186.58 yen today
¥100 yen in 1968 ¥373.17 yen today
¥500 yen in 1968 ¥1,865.85 yen today
¥1,000 yen in 1968 ¥3,731.69 yen today
¥5,000 yen in 1968 ¥18,658.45 yen today
¥10,000 yen in 1968 ¥37,316.9 yen today
¥50,000 yen in 1968 ¥186,584.52 yen today
¥100,000 yen in 1968 ¥373,169.04 yen today
¥500,000 yen in 1968 ¥1,865,845.22 yen today
¥1,000,000 yen in 1968 ¥3,731,690.45 yen today

Value of Yen over time (by year)

Period Value
1968 300,000,000
1969 311,722,975.75
1970 331,705,139.22
1971 355,636,288.03
1972 373,144,536.06
1973 393,935,580.59
1974 466,157,103.7
1975 564,640,998.85
1976 608,411,618.91
1977 672,973,283.51
1978 706,895,514.06
1979 734,252,151.6
1980 775,834,240.66
1981 831,641,781.25
1982 867,752,542.8
1983 885,260,790.83
1984 900,580,507.85
1985 924,654,348.88
1986 937,785,534.9
1987 934,502,738.4
1988 942,162,596.91
1989 952,010,986.43
1990 977,179,092.96
1991 1,013,289,854.52
1992 1,040,646,492.06
1993 1,052,683,412.58
1994 1,063,626,067.59
1995 1,070,191,660.6
1996 1,065,814,598.6
1997 1,072,380,191.61
1998 1,092,076,970.64
1999 1,098,642,563.65
2000 1,086,605,643.13
2001 1,082,228,581.12
2002 1,069,097,395.1
2003 1,065,814,598.6
2004 1,061,437,536.59
2005 1,063,626,067.59
2006 1,059,249,005.59
2007 1,062,531,802.09
2008 1,070,191,660.6
2009 1,074,568,722.61
2010 1,055,966,209.08
2011 1,052,683,412.58
2012 1,050,494,881.57
2013 1,048,306,350.57
2014 1,065,814,598.6
2015 1,090,982,705.13
2016 1,092,076,970.64
2017 1,095,359,767.14
2018 1,107,396,687.66
2019 1,110,679,484.16
2020 1,119,433,608.18
Today 1,119,507,134.19