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Value of 1968 Japanese Yen today

¥300,000,000 in 1968
¥1,157,532,176.27 in 2024

The inflation rate in Japan between 1968 and today has been 285.84%, which translates into a total increase of ¥857,532,176.27. This means that 300,000,000 yen in 1968 are equivalent to 1,157,532,176.27 yen in 2021. In other words, the purchasing power of ¥300,000,000 in 1968 equals ¥1,157,532,176.27 today. The average annual inflation rate between these periods has been 2.53%.

Inflation timeline in Japan (1968 - 2024)

The following chart depicts the equivalence of ¥300,000,000 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 1968-2021 261.9%
Cumulative inflation 1968-today 285.84%
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 108.28

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
=¥ 300,000,000 ×
101.56/28.06
¥1,085,689,831

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 108.28:

Valuetoday
=Value1968 ×
CPItoday/CPI1968
=¥ 300,000,000 ×
108.28/28.06
¥1,157,532,176.27

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 ¥300,000,000 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
=¥300,000,000 × (1 + 0.024565)53
¥1,085,689,831

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 285.84%
Avg. annual inflation From 1968 2.53%
CPI 1968 28.06
CPI today 108.28

Value of Yen over time (by year)

Period Value
1968 300,000,000
1969 315,749,509.86
1970 337,107,221.68
1971 358,601,552.05
1972 376,014,643.91
1973 419,638,185.35
1974 517,042,824.96
1975 577,716,745.64
1976 631,951,314.77
1977 683,465,165.12
1978 712,124,272.28
1979 738,697,434.46
1980 796,106,407.1
1981 835,376,648.85
1982 858,322,043.48
1983 874,465,480.83
1984 894,145,927.42
1985 912,375,309.74
1986 917,907,505.61
1987 919,086,508.69
1988 925,072,282.4
1989 946,294,658.48
1990 975,316,478.25
1991 1,007,240,533.45
1992 1,024,653,625.31
1993 1,037,532,114.62
1994 1,044,696,891.41
1995 1,043,789,949.52
1996 1,045,241,013.79
1997 1,063,016,925.16
1998 1,069,909,213.16
1999 1,066,191,221.78
2000 1,058,845,035.23
2001 1,051,498,848.68
2002 1,042,066,824.07
2003 1,039,345,891.5
2004 1,039,255,240.07
2005 1,036,262,353.22
2006 1,038,892,420.56
2007 1,039,345,891.5
2008 1,053,675,551.98
2009 1,039,618,059.59
2010 1,031,909,160.43
2011 1,029,097,576.43
2012 1,028,644,212.38
2013 1,032,090,463.28
2014 1,060,568,267.58
2015 1,069,002,698.88
2016 1,067,642,286.04
2017 1,072,811,555.49
2018 1,083,422,476.28
2019 1,088,501,308.1
2020 1,088,229,781.42
2021 1,085,689,831
2022-04 1,104,645,386.86
Today 1,157,532,176.27

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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