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Value of 1991 Japanese Yen today

¥99,800 in 1991
¥113,784.19 in 2023

The inflation rate in Japan between 1991 and today has been 14.01%, which translates into a total increase of ¥13,984.19. This means that 99,800 yen in 1991 are equivalent to 113,784.19 yen in 2023. In other words, the purchasing power of ¥99,800 in 1991 equals ¥113,784.19 today. The average annual inflation rate between these periods has been 0.42%.

Inflation timeline in Japan (1991 - 2023)

The following chart depicts the equivalence of ¥99,800 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 1991-2021 7.79%
Cumulative inflation 1991-today 14.01%
Avg. Annual inflation 1991-2021 0.25%
CPI 1991 94.22
CPI 2021 101.56
CPI 2022-04 (latest official data) 103.33
CPI today 107.43

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 1991 and 2021, use the corresponding CPI values:

Value2021
=Value1991 ×
CPI2021/CPI1991
=¥ 99,800 ×
101.56/94.22
¥107,572.96

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 107.43:

Valuetoday
=Value1991 ×
CPItoday/CPI1991
=¥ 99,800 ×
107.43/94.22
¥113,784.19

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 ¥99,800 worth today. There are 30 years between 1991 and 2021 and the average inflation rate was 0.2503%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=¥99,800 × (1 + 0.002503)30
¥107,572.96

Japan inflation - Conversion table

Initial Value Equivalent value
¥1 yen in 1991 ¥1.08 yen in 2021
¥5 yen in 1991 ¥5.39 yen in 2021
¥10 yen in 1991 ¥10.78 yen in 2021
¥50 yen in 1991 ¥53.89 yen in 2021
¥100 yen in 1991 ¥107.79 yen in 2021
¥500 yen in 1991 ¥538.94 yen in 2021
¥1,000 yen in 1991 ¥1,077.89 yen in 2021
¥5,000 yen in 1991 ¥5,389.43 yen in 2021
¥10,000 yen in 1991 ¥10,778.85 yen in 2021
¥50,000 yen in 1991 ¥53,894.27 yen in 2021
¥100,000 yen in 1991 ¥107,788.54 yen in 2021
¥500,000 yen in 1991 ¥538,942.68 yen in 2021
¥1,000,000 yen in 1991 ¥1,077,885.37 yen in 2021
Cumulative inflation From 1991 14.01%
Avg. annual inflation From 1991 0.42%
CPI 1991 94.22
CPI today 107.43

Value of Yen over time (by year)

Period Value
1991 99,800
1992 101,525.33
1993 102,801.37
1994 103,511.27
1995 103,421.41
1996 103,565.19
1997 105,326.47
1998 106,009.38
1999 105,640.99
2000 104,913.11
2001 104,185.23
2002 103,250.68
2003 102,981.08
2004 102,972.1
2005 102,675.56
2006 102,936.15
2007 102,981.08
2008 104,400.9
2009 103,008.05
2010 102,244.23
2011 101,965.65
2012 101,920.73
2013 102,262.2
2014 105,083.85
2015 105,919.56
2016 105,784.76
2017 106,296.95
2018 107,348.3
2019 107,851.53
2020 107,824.62
2021 107,572.96
2022-04 109,451.13
Today 113,784.19

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 |

Other currencies: