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|Money in Japan|
|Written by Saprky|
|Sunday, 27 January 2008 08:17|
Welcome to the land of the rising sun, or smoggy sun if you are in Tokyo, Osaka, or any other of the major megalopolis. Well now that you are here you will be looking for a job, a place to stay, or maybe you don’t know what you are doing, and just want to read this guide anyway.
If you were looking for information on Savings & Investing in Japan then look here: Savings & Investing in Japan
Well here we go see those travelers’ checks in your hand. You thought you were so smart getting traveler’s checks before you came to Japan. Oh how wrong you were. Travelers’ checks are about as good as monopoly money in Japan, maybe even worse. I made the mistake of bringing them when I first came to Japan. The hassle of finding a place to cash them in, or use them drove me mad. The places you can actually use them I couldn’t find anywhere. So I went to the bank to change them. Hmm where is the bank...”Hmmm It’s closed, and this one too. Hey they are all closed!” Well if you come to Japan during the holiday seasons. You will find that all major banks are closed! Even the ATMs in Japan close at night in all banks.
So how do Japanese take out money well...they just carry it around like pimps, and drug dealers. In a big wad in their wallet. Japanese will buy cars with cash. They pay for whole weddings in cash. Everything is cash, cash, cash. In my country if I was carrying more then $20 I would be looking behind my shoulder ducking into the shadows on the way to the mall. Japan is different! I asked my friends in Japan how much they usually carry on them and between the 5 of them the average was 30,000yen. That’s about $300 USD cash at all times. So you’re going to need a bank account to store your riches. Unless you like carrying your life savings in your back pocket!