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Value of 1997 Japanese Yen today

¥100 in 1997
¥103.67 in 2022

The inflation rate in Japan between 1997 and today has been 3.67%, which translates into a total increase of ¥3.67. This means that 100 yen in 1997 are equivalent to 103.67 yen in 2022. In other words, the purchasing power of ¥100 in 1997 equals ¥103.67 today. The average annual inflation rate between these periods has been 0.14%.

Inflation timeline in Japan (1997 - 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 1997-2021 2.13%
Cumulative inflation 1997-today 3.67%
Avg. Annual inflation 1997-2021 0.09%
CPI 1997 99.44
CPI 2021 101.56
CPI 2022-03 (latest official data) 102.93
CPI today 103.09

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 1997 and 2021, use the corresponding CPI values:

Value2021
=Value1997 ×
CPI2021/CPI1997
=¥ 100 ×
101.56/99.44
¥102.13

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 103.09:

Valuetoday
=Value1997 ×
CPItoday/CPI1997
=¥ 100 ×
103.09/99.44
¥103.67

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 24 years between 1997 and 2021 and the average inflation rate was 0.088%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=¥100 × (1 + 0.00088)24
¥102.13

Japan inflation - Conversion table

Initial Value Equivalent value
¥1 yen in 1997 ¥1.02 yen in 2021
¥5 yen in 1997 ¥5.11 yen in 2021
¥10 yen in 1997 ¥10.21 yen in 2021
¥50 yen in 1997 ¥51.07 yen in 2021
¥100 yen in 1997 ¥102.13 yen in 2021
¥500 yen in 1997 ¥510.66 yen in 2021
¥1,000 yen in 1997 ¥1,021.33 yen in 2021
¥5,000 yen in 1997 ¥5,106.64 yen in 2021
¥10,000 yen in 1997 ¥10,213.29 yen in 2021
¥50,000 yen in 1997 ¥51,066.44 yen in 2021
¥100,000 yen in 1997 ¥102,132.88 yen in 2021
¥500,000 yen in 1997 ¥510,664.41 yen in 2021
¥1,000,000 yen in 1997 ¥1,021,328.83 yen in 2021
Cumulative inflation From 1997 3.67%
Avg. annual inflation From 1997 0.14%
CPI 1997 99.44
CPI today 103.09

Value of Yen over time (by year)

Period Value
1997 100
1998 100.65
1999 100.3
2000 99.61
2001 98.92
2002 98.03
2003 97.77
2004 97.76
2005 97.48
2006 97.73
2007 97.77
2008 99.12
2009 97.8
2010 97.07
2011 96.81
2012 96.77
2013 97.09
2014 99.77
2015 100.56
2016 100.44
2017 100.92
2018 101.92
2019 102.4
2020 102.37
2021 102.13
2022-03 103.51
Today 103.67

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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