¥

Value of 1984 Japanese Yen today

¥100 in 1984
¥133.24 in 2024

The inflation rate in Japan between 1984 and today has been 33.24%, which translates into a total increase of ¥33.24. This means that 100 yen in 1984 are equivalent to 133.24 yen in 2024. In other words, the purchasing power of ¥100 in 1984 equals ¥133.24 today. The average annual inflation rate between these periods has been 0.72%.

Inflation timeline in Japan (1984 - 2024)

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 1984-2023 28.52%
Cumulative inflation 1984-today 33.24%
Avg. Annual inflation 1984-2023 0.65%
CPI 1984 82.13
CPI 2023 105.56
CPI 2024-08 (latest official data) 109.06
CPI today 109.43

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 1984 and 2023, use the corresponding CPI values:

Value2023
=Value1984 ×
CPI2023/CPI1984
=¥ 100 ×
105.56/82.13
¥128.52

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 109.43:

Valuetoday
=Value1984 ×
CPItoday/CPI1984
=¥ 100 ×
109.43/82.13
¥133.24

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 39 years between 1984 and 2023 and the average inflation rate was 0.6455%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=¥100 × (1 + 0.006455)39
¥128.52

Japan inflation - Conversion table

Initial Value Equivalent value
¥1 yen in 1984 ¥1.29 yen in 2023
¥5 yen in 1984 ¥6.43 yen in 2023
¥10 yen in 1984 ¥12.85 yen in 2023
¥50 yen in 1984 ¥64.26 yen in 2023
¥100 yen in 1984 ¥128.52 yen in 2023
¥500 yen in 1984 ¥642.61 yen in 2023
¥1,000 yen in 1984 ¥1,285.22 yen in 2023
¥5,000 yen in 1984 ¥6,426.11 yen in 2023
¥10,000 yen in 1984 ¥12,852.22 yen in 2023
¥50,000 yen in 1984 ¥64,261.09 yen in 2023
¥100,000 yen in 1984 ¥128,522.17 yen in 2023
¥500,000 yen in 1984 ¥642,610.86 yen in 2023
¥1,000,000 yen in 1984 ¥1,285,221.72 yen in 2023
Cumulative inflation From 1984 33.24%
Avg. annual inflation From 1984 0.72%
CPI 1984 82.13
CPI today 109.43

Value of Yen over time (by year)

Period Value
1984 100
1985 102.04
1986 102.66
1987 102.79
1988 103.46
1989 105.83
1990 109.08
1991 112.65
1992 114.6
1993 116.04
1994 116.84
1995 116.74
1996 116.9
1997 118.89
1998 119.66
1999 119.24
2000 118.42
2001 117.6
2002 116.54
2003 116.24
2004 116.23
2005 115.89
2006 116.19
2007 116.24
2008 117.84
2009 116.27
2010 115.41
2011 115.09
2012 115.04
2013 115.43
2014 118.61
2015 119.56
2016 119.4
2017 119.98
2018 121.17
2019 121.74
2020 121.71
2021 121.42
2022 124.45
2023 128.52
2024-08 132.79
Today 133.24

All available years

Today's value of japanese yen by year:

1955 | 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 | 2022 | 2023 |

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