Roberta Aguirre
If you're planning to travel to Japan, it's important to know that Japanese yen is the local currency. While some sources suggest that it's possible to use foreign currency at major international airports, it's not a given, and you'll likely need yen to pay for things like train tickets, taxis, and other services. So, it's a good idea to exchange your USD for yen when you arrive at the airport, as this is the most convenient option. You can also use your international ATM card to withdraw yen at the airport, but be mindful of any associated fees.
| Characteristics | Values |
|---|---|
| Currency used in Japan | Yen (JPY) |
| USD exchange in Japan | Possible at major airports, banks, post offices, some hotels, and money changers |
| Cash in Japan | Widely accepted, including large denominations |
| Credit cards in Japan | Accepted at most major hotels, department stores, restaurants, and convenience stores |
| ATMs in Japan | Available at 7-Eleven convenience stores and post offices, with varying fees and withdrawal limits |
| Other payment methods | IC cards (e.g. Suica, Icoca), mobile payment options (e.g. Alipay, WeChat Pay, Apple Pay), and traveler's checks |
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What You'll Learn
Exchanging USD at the airport vs. using an ATM
Exchanging currency at the airport is a convenient option for those who want to have some cash on hand upon arrival in Japan. All major Japanese airports have exchange points in their respective arrival halls, and some even have ATMs. The exchange rates at the airport are reasonable and the same as those at the banks. Additionally, airport currency exchange counters usually have staff with some level of English proficiency, making communication easier for travellers who don't speak Japanese. However, it is recommended to carry the cash safely, just as one would carry their passport, as losing it can be a concern.
On the other hand, using an ATM in Japan is also a viable option. International ATM cards are now widely accepted in Japan, making it easier to withdraw cash from your foreign debit or credit card. Major banks like Mizuho Bank, Mitsubishi UFJ Bank, and SMBC Banks allow withdrawals using international cards. Additionally, convenience stores like 7-Eleven and Japan Post ATMs are easily accessible and offer withdrawal services for many foreign cards. The exchange rates at ATMs tend to be better than those at currency exchange shops, including those at the airport. However, it is important to inform your bank before travelling to Japan, as they may block your transactions if they suspect unauthorised use. Additionally, ATM fees may apply, and these can vary depending on the time and day of the withdrawal.
Exchanging USD at the airport can be a good option if you want to have cash readily available upon arrival in Japan and are comfortable with the exchange rates offered. However, if you prefer to avoid carrying large amounts of cash and want to benefit from potentially better exchange rates, using an ATM in Japan is a more suitable choice. It is recommended to carry some cash in Japan, especially in rural areas where small shops and restaurants may not accept credit cards. Ultimately, the decision between exchanging currency at the airport or using an ATM depends on personal preferences and the specific needs of the traveller.
Some travellers opt to exchange a portion of their USD at the airport to cover immediate expenses and then use ATMs in Japan for further withdrawals as needed. This approach combines the convenience of having cash upon arrival with the potential cost savings of using an ATM's exchange rate. Additionally, using a travel-friendly financial service like the WISE card can provide a convenient and cost-effective way to exchange, withdraw, and spend money while travelling in Japan.
It is worth noting that Japan is a very safe country, and it is not uncommon for people to carry large amounts of cash. Theft is not a significant concern, and losing cash is more likely to occur while travelling to the airport or in one's home country. Nevertheless, it is always essential to be vigilant and take proper care of one's belongings, treating cash with the same level of importance as one's passport.
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Carrying cash vs. using a card
Exchanging Cash at the Airport
Exchanging cash at the airport is a convenient option as it is difficult to find money exchange counters outside of the airport. Banks and post offices do have money exchange counters, but the process can be time-consuming and is subject to banking hours. It is recommended to exchange enough cash to cover meals, taxis, and entrance fees.
Exchanging cash at the airport is also a good option as theft is not a major concern in Japan. It is not uncommon for people to carry 100,000 yen (equivalent to $1,000) in their wallets. Additionally, Japanese merchants are fine with accepting large bills.
However, it is important to note that exchanging cash at the airport may not always offer the best exchange rates. Some travelers suggest that exchanging cash at MIZUHO in Haneda offers better rates than the airport.
Using a Card in Japan
Using a card in Japan is a convenient option, especially in bigger cities like Tokyo or Osaka. Most major Japanese banks accept international cards, and you can use your Visa, MasterCard, or other international cards at various ATMs and banks.
However, there are some considerations to keep in mind when using a card in Japan. Firstly, not all ATMs are 24 hours and may run out of cash at times, so it is always good to have some cash on hand. Additionally, ATMs often charge fees for withdrawals, and these fees can vary depending on the time and day of the week.
It is also important to note that while card usage is becoming more common in Japan, it is still a largely cash-based society. Many smaller shops, restaurants, and tourist attractions may only accept cash. Therefore, it is recommended to carry some cash, especially when visiting rural areas or smaller towns.
When deciding between carrying cash or using a card in Japan, it is best to do a combination of both. Exchanging some cash at the airport can be convenient and provide peace of mind, while also carrying a card to use in bigger cities or for larger purchases. However, be mindful of the exchange rates and withdrawal fees associated with both options. Additionally, always have some cash on hand as some places may not accept card payments.
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Using USD vs. exchanging for yen
Japan is largely a cash-based society, so it is recommended that you carry some cash on you. While it is possible to make purchases at the airport with international credit cards, you will need cash during your stay in Japan.
Using USD
It is possible to use USD in Japan, particularly at major international airports, where foreign currency is usually accepted. However, it is important to note that foreign currencies are not widely accepted for payments in Japan outside of these airports. Therefore, it is generally recommended to exchange your USD for yen before or upon arrival in Japan.
Exchanging for Yen
Exchanging your USD for yen will allow you to easily make purchases and transactions throughout Japan, as yen is the widely accepted form of payment. Here are some options for exchanging your currency:
- At the airport: All major Japanese airports have currency exchange counters, and some offer 24-hour exchange services. Exchanging money at the airport is convenient, especially if you plan to use cash during your trip.
- Banks and post offices: Currency exchange in Japan is typically handled by banks and post offices. However, it is important to note that many bank branches close at 3 p.m., and exchanging cash at these locations may be a lengthy process.
- ATMs: International ATM cards can be used at select machines in Japan, such as Seven Bank ATMs (found at 7-Eleven convenience stores) and Japan Post ATMs. These ATMs have different transaction limits and may charge fees depending on the time and day of the week. It is recommended to check with your bank regarding foreign transaction fees and withdrawal limits.
- Credit cards: Credit cards are becoming more widely accepted in Japan and offer the best exchange rates. They can be used at most major hotels, department stores, restaurants, and convenience stores. Additionally, IC cards like Suica and Icoca can be used for convenient payment of train and bus fares and at various shops and restaurants.
When deciding whether to use USD or exchange for yen, it is important to consider the specific locations you plan to visit and their preferred methods of payment. Exchanging for yen will provide more purchasing power and flexibility, especially at smaller shops, restaurants, and rural areas, where credit cards may not be widely accepted. Additionally, exchanging a portion of your currency at the airport and utilizing ATMs or credit cards for additional funds during your stay can be a convenient approach.
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Currency exchange options at Japanese airports
Currency exchange at Japanese airports
If you haven't exchanged your currency before arriving in Japan, you can do so at the airport. All major Japanese airports have exchange points in their respective arrival halls. These include Narita, Haneda, New Chitose, Chubu Centrair International, and Kansai International airports.
Exchanging currency at the airport is convenient, and you can get a reasonable rate. However, it is recommended to carry some cash with you, as ATMs often charge for withdrawals, and these charges can vary depending on the time and day. Some ATMs may also run out of cash, especially in central areas.
You can use international ATM cards at Seven Bank ATMs (found at 7-Eleven convenience stores) and Japan Post ATMs. The latter has a limit of 50,000 yen per transaction or day, while the former has a limit of 100,000 yen per transaction or day. Both options are available 24 hours a day.
Credit cards offer the best exchange rates and are widely accepted at major hotels, department stores, restaurants, and convenience stores. However, many small shops and restaurants, especially in rural areas, may not accept credit cards, so it is essential to have some cash on hand.
When exchanging currency, be aware that the 10,000 yen note is generally accepted even for small purchases, while the 2,000 yen note is less common and can be easily confused with the 1,000 yen note.
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Other payment methods in Japan
While cash is still the most popular payment method in Japan, with over 60% of all payments being made in cash in 2018, there are other payment methods available in the country.
Cards
Credit cards are the most common card payment method in Japan, with a 16% increase in usage in 2022. Visa and Mastercard are widely recognised and accepted throughout the country. Mastercard cards are issued by both international and local banks. American Express is also recognised by many major businesses, hotels, and restaurants. UnionPay, a Chinese payment network, is accepted for cash withdrawals at most bank ATMs and ATMs in 7-Eleven and Lawson stores, but only around 50% of merchants accept it.
International ATM cards only work on select machines in Japan. You can use international ATM cards at Seven Bank ATMs (at 7-Eleven convenience stores) and Japan Post ATMs. Japan Post has 30,000 machines across the country, with a 50,000 yen limit per transaction or day. Seven Bank ATMs have 25,000 machines across Japan, are open 24 hours, and have a 100,000 yen limit per transaction or day. The ATMs in Japan have fees depending on the time and day of the week, ranging from 0 yen to 220 yen.
IC Cards
IC cards were initially made for public transport, but now you can use them to pay for different services, including vending machines, lockers, shops, and certain cafes and restaurants. The most popular IC cards are Suica, Pasmo, and Icoca, but there are many more, including Kitaca, Sugoca, Pitapa, Hayakaken, Nimoca, Toica, and Manaca.
Wise Card
The Wise card is a good payment option for contactless transactions in Japan. It can be used for international payments, including accommodation costs and daily expenses, and automatically converts the currency at the mid-market exchange rate with a small, transparent currency conversion fee. You can also use it to withdraw yen from ATMs in Japan.
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Frequently asked questions
Yes, you can use USD at exchange counters in Japanese airports.
Exchanging money at the airport is convenient and offers a reasonable exchange rate. It is also difficult to exchange cash once you leave the airport.
Exchange counters at the airport may be closed during the middle of the night for maintenance. They may also have limited hours of operation.
The US dollar is a highly traded foreign currency in Japan, so you might get a favourable exchange rate if you change your dollars into yen once you arrive.
Some sources suggest that it is better to exchange money at a 7/11 ATM or at a bank because of lower fees. Also, foreign currencies are not accepted for payments in Japan, except perhaps at major international airports.
