¥

Value of 1999 Japanese Yen today

¥55,000 in 1999
¥60,675.64 in 2024

The inflation rate in Japan between 1999 and today has been 10.32%, which translates into a total increase of ¥5,675.64. This means that 55,000 yen in 1999 are equivalent to 60,675.64 yen in 2023. In other words, the purchasing power of ¥55,000 in 1999 equals ¥60,675.64 today. The average annual inflation rate between these periods has been 0.39%.

Inflation timeline in Japan (1999 - 2024)

The following chart depicts the equivalence of ¥55,000 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 1999-2023 7.78%
Cumulative inflation 1999-today 10.32%
Avg. Annual inflation 1999-2023 0.31%
CPI 1999 97.93
CPI 2023 105.56
CPI 2024-04 (latest official data) 107.66
CPI today 108.04

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 1999 and 2023, use the corresponding CPI values:

Value2023
=Value1999 ×
CPI2023/CPI1999
=¥ 55,000 ×
105.56/97.93
¥59,280.8

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 108.04:

Valuetoday
=Value1999 ×
CPItoday/CPI1999
=¥ 55,000 ×
108.04/97.93
¥60,675.64

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 ¥55,000 worth today. There are 24 years between 1999 and 2023 and the average inflation rate was 0.3128%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=¥55,000 × (1 + 0.003128)24
¥59,280.8

Japan inflation - Conversion table

Initial Value Equivalent value
¥1 yen in 1999 ¥1.08 yen in 2023
¥5 yen in 1999 ¥5.39 yen in 2023
¥10 yen in 1999 ¥10.78 yen in 2023
¥50 yen in 1999 ¥53.89 yen in 2023
¥100 yen in 1999 ¥107.78 yen in 2023
¥500 yen in 1999 ¥538.92 yen in 2023
¥1,000 yen in 1999 ¥1,077.83 yen in 2023
¥5,000 yen in 1999 ¥5,389.16 yen in 2023
¥10,000 yen in 1999 ¥10,778.33 yen in 2023
¥50,000 yen in 1999 ¥53,891.64 yen in 2023
¥100,000 yen in 1999 ¥107,783.27 yen in 2023
¥500,000 yen in 1999 ¥538,916.35 yen in 2023
¥1,000,000 yen in 1999 ¥1,077,832.7 yen in 2023
Cumulative inflation From 1999 10.32%
Avg. annual inflation From 1999 0.39%
CPI 1999 97.93
CPI today 108.04

Value of Yen over time (by year)

Period Value
1999 55,000
2000 54,621.04
2001 54,242.09
2002 53,755.53
2003 53,615.17
2004 53,610.49
2005 53,456.1
2006 53,591.78
2007 53,615.17
2008 54,354.37
2009 53,629.21
2010 53,231.54
2011 53,086.51
2012 53,063.12
2013 53,240.9
2014 54,709.94
2015 55,145.03
2016 55,074.85
2017 55,341.51
2018 55,888.88
2019 56,150.88
2020 56,136.87
2021 56,005.85
2022 57,404.71
2023 59,280.8
2024-04 60,464.43
Today 60,675.64

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 |

Other currencies: