Japan may be known for its technological advancements, but when it comes to daily transactions, the country remains surprisingly cash-dependent.
Unlike many Western countries where credit cards and digital payments dominate, Japan continues to operate largely as a cash-based society, especially outside major urban centers.
For travelers planning a visit to Japan, understanding this cash culture is essential. You’ll quickly discover that many restaurants, small shops, traditional ryokans, and even some hotels prefer—or exclusively accept—cash payments. This makes exchanging currency in Japan not just a convenience but a necessity for most visitors.
“In Japan, cash is king. While major cities increasingly accept credit cards, you’ll find yourself reaching for yen notes far more often than you might expect in such a technologically advanced country.”
Understanding Japan’s Cash Culture
Why Cash Remains King in Japan
Several factors contribute to Japan’s continued reliance on physical currency:
- Cultural preferences: Many Japanese people associate cash with security and financial discipline
- Merchant considerations: Small businesses avoid credit card processing fees
- Rural accessibility: Less technological infrastructure in countryside locations
- Tradition and trust: Long-standing customs around physical money transactions
The Importance of Planning Ahead
Arriving in Japan without a currency exchange strategy can lead to unnecessary stress and potentially higher fees. While you’ll find various options for exchanging money in Japan, each comes with its own advantages and limitations regarding:
- Exchange rates
- Service fees
- Operating hours
- Location convenience
- Currency availability
Whether you’re planning to explore Tokyo’s vibrant neighborhoods, experience Kyoto’s traditional temples, or venture into Japan’s scenic countryside, having sufficient yen will ensure a smoother travel experience.
This guide will walk you through the best places to exchange currency in Japan, helping you make informed decisions based on your specific travel needs.
What to Expect in This Guide
In the following sections, we’ll explore:
- Comprehensive overview of all currency exchange options
- Detailed comparison of exchange rates and fees
- Practical tips for maximizing value when exchanging money
- City-specific recommendations for Tokyo, Osaka, Kyoto, and beyond
- Solutions for emergency cash needs
- Digital alternatives to cash where available
By understanding where and how to exchange currency in Japan, you’ll be well-prepared to enjoy all the unique experiences this fascinating country has to offer—without the worry of how you’ll pay for them.
Currency Exchange Options at Japanese Airports
Arriving in Japan with local currency already in hand can make your journey significantly smoother. Japanese airports offer several convenient options for exchanging your money into yen right after landing.
Major Airport Exchange Services
Narita International Airport (Tokyo) houses multiple currency exchange counters in both Terminal 1 and Terminal 2. The primary service providers include:
- Travelex – Located in the arrival lobbies and departure areas
- World Currency Shop – Found in the central building
- Mizuho Bank – Available in Terminal 2
Haneda Airport (Tokyo) offers exchange services through:
- World Currency Shop – Multiple locations in both the international and domestic terminals
- Travelex – Conveniently located in the international terminal
Kansai International Airport (Osaka) provides:
- Travelex – First and second floor of Terminal 1
- Kansai International Airport Currency Exchange – Various locations throughout Terminal 1
Operating Hours
Most currency exchange counters at Japanese airports operate from 7:00 AM to 10:00 PM, with some variations:
| Airport | Exchange Service | Hours |
|---|---|---|
| Narita | Main counters | 6:30 AM – 11:00 PM |
| Narita | Satellite counters | 8:00 AM – 8:00 PM |
| Haneda | International Terminal | 24 hours (select locations) |
| Haneda | Domestic Terminal | 7:00 AM – 10:00 PM |
| Kansai | Main counters | 6:30 AM – 11:00 PM |
Pros and Cons of Airport Exchange
Advantages:
- ✅ Immediate access to Japanese yen upon arrival
- ✅ Convenience factor when you need cash for immediate transportation
- ✅ Multiple currency options accepted (USD, EUR, GBP, AUD, etc.)
- ✅ English-speaking staff at most counters
Disadvantages:
- ❌ Exchange rates are typically 3-5% less favorable than city-center options
- ❌ Potential for long queues during peak arrival times
- ❌ Service fees may apply for certain currencies or smaller amounts
Smart Strategies for Airport Exchange
- Exchange only what you need immediately – typically ¥10,000-¥20,000 (approximately $70-$140) for transportation and initial expenses
- Compare rates between different counters – even within the same airport, rates can vary by 1-2%
- Avoid exchanging rare currencies at airports – major currencies like USD, EUR, and GBP typically receive better rates
- Keep your receipt – you may need it if you want to exchange unused yen before departure
- Consider using airport ATMs instead – often provide better rates than exchange counters if your bank doesn’t charge high foreign transaction fees
Traveler Tip: “I always exchange just enough at the airport for transportation to my hotel and a small meal. The rates in the city center are noticeably better for larger amounts.” – Experienced Japan traveler
Currency Exchange Machines
Many Japanese airports now offer automated currency exchange machines that operate 24/7. These self-service kiosks accept major currencies and provide Japanese yen instantly, though the exchange rates are comparable to staffed counters rather than offering any significant advantage.
By planning your airport currency exchange strategically, you can balance convenience with cost-effectiveness as you begin your Japanese adventure.
Using Banks and Post Offices for Currency Exchange
Banks and post offices represent some of the most reliable—albeit sometimes less convenient—options for exchanging currency in Japan.
These institutions offer security and stability but come with specific limitations travelers should understand before planning their currency exchange strategy.
Major Japanese Banks for Currency Exchange
Japan’s banking system is dominated by three major financial institutions that offer foreign currency exchange services:
MUFG Bank (Mitsubishi UFJ Financial Group) stands as Japan’s largest bank with branches in most major cities and tourist areas. MUFG offers currency exchange services for approximately 30 different foreign currencies, making it versatile for international travelers. Their exchange counters typically require your passport for identification and completion of a simple transaction form.
Mizuho Bank provides currency exchange services at most of their urban branches, particularly those in business districts and tourist areas. They handle major world currencies including USD, EUR, GBP, AUD, and others. Mizuho is known for its efficiency but may have slightly less competitive rates compared to specialized exchange shops.
SMBC (Sumitomo Mitsui Banking Corporation) rounds out the “big three” Japanese banks, offering similar currency exchange services. SMBC branches in tourist areas often have English-speaking staff to assist foreign visitors, which can be particularly helpful for those unfamiliar with Japanese banking procedures.
Important Note: Most Japanese bank branches require you to take a numbered ticket upon arrival and wait for your number to be called. This system can be confusing for first-time visitors but staff will typically assist you.
Japan Post Exchange Services
Japan Post (ゆうちょ銀行, Yūcho Ginkō) offers currency exchange services that are particularly valuable for travelers venturing beyond major cities.
With over 24,000 post offices nationwide, Japan Post provides access to financial services even in remote areas where major banks may not operate.
The advantages of Japan Post for currency exchange include:
- Wide geographic coverage across Japan, including small towns and rural areas
- Consistent exchange rates that are often competitive with major banks
- English transaction forms available at larger branches
- Lower minimum exchange amounts compared to some banks
However, only around 200 of the larger post offices handle foreign currency exchange, primarily those designated as “JP Bank” branches. These are typically found in prefectural capitals and larger cities.
Documentation Requirements
When exchanging currency at banks or post offices in Japan, you’ll need to prepare:
- Valid passport (essential and non-negotiable)
- Completed transaction form (usually available in English at major branches)
- Cash to be exchanged (in clean, undamaged bills)
- Residence card (for residents of Japan making larger exchanges)
For exchanges exceeding ¥100,000 (approximately $700 USD), additional documentation may be required as part of Japan’s anti-money laundering regulations.
Business Hours and Timing Considerations
One significant limitation of using banks and post offices for currency exchange is their restricted operating hours:
| Institution | Typical Hours | Weekend Service | Holiday Service |
|---|---|---|---|
| Major Banks | 9:00-15:00 (Mon-Fri) | Closed | Closed |
| Japan Post | 9:00-16:00 (Mon-Fri) | Closed (some exceptions) | Closed |
These limited hours can pose challenges for travelers with packed itineraries. Additionally, lunch hour (12:00-13:00) can see longer wait times as many Japanese workers conduct banking during their break.
Advantages and Limitations
Advantages of Bank/Post Office Exchange
- Security and reliability with official exchange receipts
- Transparent rates with no hidden fees
- Staff assistance for complex transactions
- Multiple currency options at larger branches
- Nationwide standards for service quality
Limitations to Consider
- Restricted business hours that don’t accommodate evening exchanges
- Potential language barriers at smaller branches
- Longer processing times due to paperwork requirements
- Queuing systems that can be time-consuming during busy periods
- Slightly less competitive rates than specialized exchange shops
For travelers planning to use banks or post offices for currency exchange, the best approach is to:
- Visit during mid-morning (10:00-11:30) or mid-afternoon (13:30-14:30) to avoid peak times
- Bring your passport and have your cash organized and ready
- Check if the specific branch handles foreign currency exchange before visiting
- Consider exchanging larger amounts less frequently to minimize the time spent on transactions
While not always the most convenient option, banks and post offices provide a secure foundation for currency exchange needs in Japan, particularly for travelers who prefer dealing with established financial institutions.
Specialized Currency Exchange Shops in Japan
For travelers seeking competitive exchange rates and dedicated currency services, specialized currency exchange shops offer some of the best options in Japan. These establishments focus exclusively on currency exchange, typically providing better rates than airports or hotels.
Popular Currency Exchange Chains
World Currency Shop (ワールドカレンシーショップ)
World Currency Shop stands out as one of Japan’s premier currency exchange services, with multiple locations across major cities. Their distinctive yellow and blue signage makes them easy to spot in busy shopping districts.
Key benefits include:
- Exchange services for over 100 currencies
- No commission fees on many major currencies
- Competitive rates updated multiple times daily
- English-speaking staff at most locations
Popular branches:
- Shinjuku (Tokyo) – Located in the basement of Lumine EST building
- Shibuya (Tokyo) – Inside Shibuya Mark City
- Osaka – Near Dotonbori in the Shinsaibashi shopping district
Travelex
This internationally recognized brand operates several branches in Japan, primarily in Tokyo and Osaka. Travelex is particularly convenient for travelers who prefer dealing with a familiar global brand.
Advantages of Travelex in Japan:
- Pre-order currency online for pickup
- Rate guarantee policy
- Multi-currency cash passports available
- English-language service guaranteed
Daikokuya (大黒屋)
While primarily known as a pawnshop chain, many Daikokuya branches offer excellent currency exchange services with competitive rates, especially for USD, EUR, and KRW.
Regional Exchange Shops
Beyond the major chains, you’ll find numerous independent currency exchange shops, particularly in tourist-heavy areas:
| City | Notable Exchange Shops | Location |
|---|---|---|
| Tokyo | Interbank FX | Ginza, Roppongi |
| Sakura Exchange | Akihabara, Asakusa | |
| Osaka | Money Exchange Nipponbashi | Den Den Town |
| Kyoto | Kyoto Exchange | Near Kyoto Station |
| Fukuoka | Hakata Currency | Hakata Station area |
Maximizing Value at Exchange Shops
To get the best rates at specialized currency exchange shops:
- Compare rates between multiple shops – Rates can vary significantly even within the same neighborhood
- Exchange larger amounts – Many shops offer better rates for exchanges over ¥100,000
- Bring your passport – Required for all currency exchange transactions
- Visit during off-peak hours – Early mornings or weekdays often have shorter queues
- Check for “campaign rates” – Some shops offer promotional rates during certain periods
Multilingual Services
Most specialized currency exchange shops in tourist areas offer services in multiple languages:
- English – Widely available at all major chains
- Chinese (Mandarin/Cantonese) – Common in shops in Ginza, Shinjuku, and Osaka
- Korean – Available in shops in popular Korean tourist destinations like Myeongdong in Tokyo
- Other languages – Varies by location, with some shops in Tokyo offering service in Thai, Vietnamese, and Indonesian
“Unlike banks with limited hours, many specialized exchange shops in tourist areas operate from 10:00 AM to 8:00 PM or later, making them convenient options for travelers with busy sightseeing schedules.”
Finding the Best Exchange Shops
The most competitive exchange shops are typically found in:
- Shopping districts – Shinjuku, Shibuya, Ikebukuro in Tokyo
- Tourist areas – Asakusa, Akihabara in Tokyo; Dotonbori in Osaka
- Business districts – Marunouchi and Nihombashi in Tokyo
Many shops display their daily rates prominently outside the store, making it easy to compare rates while walking around these areas.
ATMs and Convenience Stores for Cash Withdrawal
Japan’s convenience store ATMs have become a lifeline for international travelers seeking to access cash. Unlike traditional Japanese bank ATMs, which often reject foreign cards, several networks offer reliable service for international visitors.
7-Eleven ATMs: The Gold Standard
7-Eleven ATMs are widely considered the most reliable option for foreign card holders in Japan. With over 25,000 locations nationwide, these machines offer:
- 24/7 availability at most locations
- English language interface (plus other languages)
- Acceptance of major international cards including Visa, Mastercard, American Express, JCB, and UnionPay
- Higher withdrawal limits (typically up to ¥100,000 per transaction)
- Reasonable fee structure (though your home bank may add charges)
Look for the green and white ATMs inside any 7-Eleven store. These machines have saved countless travelers in remote areas where other options are unavailable.
Japan Post Bank ATMs
The distinctive yellow Japan Post Bank ATMs provide another reliable network for foreign cards:
- Available at post offices throughout Japan
- English language support
- Accept major international cards
- Lower fees than many other options
- Important note: Most post office ATMs operate only during business hours (typically 9:00 AM to 5:00 PM), though some larger branches offer extended hours
Other Convenience Store ATMs
Beyond 7-Eleven, several other convenience store chains offer international-friendly ATMs:
| Convenience Store | Foreign Card Acceptance | Hours | Notes |
|---|---|---|---|
| Family Mart | Most major cards | Varies by location | Look for the “E-net” ATMs |
| Lawson | Most major cards | Varies by location | “Lawson ATM” service |
| Ministop | Limited acceptance | Varies by location | Less reliable for foreign cards |
Understanding Withdrawal Limits and Fees
When using ATMs in Japan, be aware of these important factors:
- Daily withdrawal limits typically range from ¥50,000 to ¥100,000 per transaction, with a maximum of 2-3 transactions daily
- ATM service fees generally range from ¥108 to ¥216 per transaction
- Your home bank’s foreign transaction fees may add 1-3% to each withdrawal
- Dynamic Currency Conversion (DCC) – always choose to be charged in Japanese yen rather than your home currency to avoid poor exchange rates
Best Practices for ATM Use in Japan
- Notify your bank before traveling to prevent card blocks
- Try multiple ATMs if one rejects your card
- Withdraw larger amounts less frequently to minimize transaction fees
- Carry your passport as identification if needed
- Have a backup payment method in case of ATM difficulties
- Keep track of operating hours – even 7-Eleven ATMs occasionally go offline for maintenance (typically between 12 AM and 1 AM)
Pro Tip: The 7Bank ATM locator app (available for iOS and Android) can help you find the nearest 7-Eleven ATM anywhere in Japan, displaying real-time availability and operating hours.
International ATM Cards That Work Best in Japan
Not all foreign cards work equally well in Japanese ATMs. Cards with the highest acceptance rates include:
- Visa and Mastercard (most widely accepted)
- American Express (accepted at major ATM networks but less universal)
- UnionPay (increasingly accepted, especially in tourist areas)
- Cirrus and Plus network cards
Debit cards typically work better than credit cards for cash withdrawals, though both can be used at most international-friendly ATMs.
Best Practices for Currency Exchange in Japan
When exchanging currency in Japan, following certain best practices can help you maximize value and convenience while minimizing hassle and fees. Here are essential strategies to ensure you get the most from your currency exchange experience:
Rate Comparison Strategies
Before committing to any exchange service, it’s crucial to compare rates across multiple providers. Exchange rates can vary significantly between different services, potentially affecting your travel budget.
- Use currency conversion apps like XE Currency or Currency Converter to check real-time mid-market rates
- Compare the offered rate to the mid-market rate to determine the markup
- Calculate the total cost including both the exchange rate and any service fees
- Consider larger transactions when you find favorable rates, as the difference becomes more significant with larger amounts
Many travelers find that specialized currency exchange shops in urban centers often offer the most competitive rates, followed by certain ATMs, while airport exchanges and hotels typically provide less favorable terms.
Avoiding Tourist Traps
Tourist areas often feature currency exchange services with enticing “No Fee” or “Best Rate” signs, but these can be misleading:
“No fee” services often compensate by offering significantly worse exchange rates, effectively hiding their profit margin in the rate itself.
To avoid these traps:
- Steer clear of exchange counters in heavily touristed areas like Shinjuku’s Kabukicho or Osaka’s Dotonbori
- Be wary of street solicitors offering currency exchange services
- Don’t exchange at hotels unless absolutely necessary
- Always ask for the exact rate and fees before proceeding with a transaction
- Walk away if pressured or if the deal seems too good to be true
Timing Your Exchanges
Strategic timing of your currency exchanges can lead to better rates and greater convenience:
- Exchange a small amount (¥10,000-¥20,000) before arriving in Japan for immediate expenses like transportation from the airport
- Make larger exchanges once in urban centers where rates are more competitive
- Monitor exchange rates before your trip and exchange when favorable
- Avoid exchanging on weekends or holidays when options are limited
- Consider splitting your exchanges rather than converting all your money at once
Carrying Necessary Identification
In Japan, proper identification is required for currency exchange transactions:
- Always carry your passport as it’s the primary identification document required
- Photocopy or digital copies of your passport are generally not accepted
- Some exchanges may require additional documentation such as your hotel address or flight information
- Keep transaction receipts for potential customs declarations when leaving Japan
Security Tips
Carrying cash requires careful attention to security:
- Use a money belt or hidden pouch for large amounts of cash
- Divide your money between different bags or family members
- Keep a small amount in an accessible wallet for immediate purchases
- Use hotel safes to store excess cash
- Be discreet when handling large amounts of money in public
- Count your money privately after exchange transactions
Emergency Options
If you find yourself short on cash with limited exchange options:
- 7-Eleven ATMs operate 24/7 and accept most international cards
- International hotels can exchange currency in emergencies (though at less favorable rates)
- Mobile payment options like Apple Pay are increasingly accepted in urban areas
- Wire transfer services like Western Union have locations in major cities
- Some Japanese banks offer emergency cash services for travelers with proper identification
By following these best practices, you can navigate Japan’s currency exchange landscape with confidence, ensuring you have the cash you need while minimizing unnecessary fees and inconvenience.
Currency Exchange in Major Japanese Cities
Japan’s major cities offer numerous currency exchange options, each with their own advantages depending on your location and needs.
Whether you’re exploring the neon-lit streets of Tokyo or the historic districts of Kyoto, you’ll find various places to convert your money to Japanese yen.
Tokyo’s Currency Exchange Hotspots
Shinjuku stands as one of Tokyo’s premier destinations for currency exchange, offering competitive rates and numerous options:
- Shinjuku Station West Exit houses several exchange counters including World Currency Shop with extended hours and favorable rates
- Shinjuku Nishiguchi features Daikokuya, a popular exchange shop offering service in multiple languages
- Shinjuku Higashiguchi (East Exit) area contains several banks and specialized currency exchange shops
Shibuya, Tokyo’s trendy youth district, provides several reliable options:
- Shibuya Mark City complex contains exchange counters with competitive rates
- Shibuya Hikarie building houses currency services catering to international visitors
- Interbank ATMs are abundant throughout the district, particularly near Shibuya Crossing
Akihabara, the electronics and anime hub, offers convenient exchange services for tourists:
- Akihabara Station has exchange counters with English-speaking staff
- Laox and other large electronics stores often provide currency exchange services
- Specialized tourist service centers in the area offer exchange alongside other traveler assistance
“Tokyo’s tourist districts typically offer the most competitive exchange rates outside of airports, with Shinjuku and Akihabara generally providing the best value in the capital.”
Osaka’s Currency Exchange Options
Osaka, Japan’s kitchen and commercial center, provides numerous exchange facilities:
- Namba Station area features multiple exchange shops with competitive rates, including some open until late evening
- Osaka Station/Umeda contains several exchange counters catering to business travelers
- Dotonbori district houses tourist-friendly exchange services near major attractions
- Shinsaibashi shopping area offers exchange services with multilingual support
Kyoto Exchange Locations
Kyoto balances modern convenience with traditional aesthetics in its currency exchange offerings:
- Kyoto Station provides several exchange counters immediately upon arrival
- Downtown Shijo-Kawaramachi area contains multiple exchange options near shopping districts
- Tourist-heavy areas like Gion and Arashiyama have specialized services with staff accustomed to assisting international visitors
- Major hotels in Kyoto often provide exchange services, though typically at less favorable rates
Regional Differences and Considerations
| City | Typical Exchange Hours | Language Support | Notable Features |
|---|---|---|---|
| Tokyo | 9:00-20:00 (later in tourist areas) | Excellent (multiple languages) | Highest concentration of options, competitive rates |
| Osaka | 10:00-19:00 | Good (English, some Chinese/Korean) | Slightly better rates than Tokyo in some locations |
| Kyoto | 9:00-18:00 | Good (English primarily) | Limited late-night options |
| Sapporo | 10:00-18:00 | Basic | Fewer specialized shops, rely more on banks |
| Fukuoka | 10:00-19:00 | Moderate | Growing number of options for Asian tourists |
Tourist-Friendly Services
Many cities now offer specialized services catering specifically to international visitors:
- Tourist Information Centers in major transport hubs often provide currency exchange alongside travel assistance
- Tax-Free Shopping Centers frequently include exchange counters with staff familiar with tourist needs
- Mobile Exchange Services are emerging in some cities, where staff can meet you at your hotel (requires advance booking)
- Airport Limousine Bus Terminals in city centers sometimes offer exchange services for travelers heading to airports
Pro tip: In major tourist districts, look for exchange shops displaying “Best Rates” signs, but always compare at least 2-3 options before exchanging large amounts. Rates can vary by 3-5% even within the same neighborhood.
Digital Payment Alternatives to Cash in Japan
While Japan remains predominantly cash-based, digital payment options have been steadily increasing in recent years, providing travelers with alternatives to carrying large amounts of yen.
Understanding these options can help you navigate Japan more conveniently while reducing your reliance on physical currency.
Credit Card Acceptance
Credit card acceptance in Japan has improved significantly, particularly in:
- Major department stores like Isetan, Takashimaya, and Mitsukoshi
- Chain retailers such as Uniqlo, Don Quijote, and BicCamera
- International hotel chains and upscale ryokans
- High-end restaurants and tourist-oriented establishments
However, be prepared for limitations. Many establishments, especially small family-run restaurants, traditional ryokans, and shops in rural areas, still operate on a cash-only basis. Always carry some cash as a backup, even if you plan to use credit cards for most purchases.
Visa and Mastercard enjoy the widest acceptance, while American Express and Discover have more limited coverage.
Before using your credit card, check if there are foreign transaction fees, and notify your bank about your travel plans to prevent unexpected card blocks.
Mobile Payment Options
Japan has developed several popular mobile payment platforms that visitors can access:
PayPay
This QR code-based payment system has seen rapid adoption across Japan. Many restaurants, convenience stores, and small shops now accept PayPay. International visitors can download the app and link it to a supported credit card.
LINE Pay
Connected to the popular messaging app LINE, this payment service works in many retail locations and can be useful if you’re already using the LINE app for communication.
Rakuten Pay
Operated by e-commerce giant Rakuten, this service offers cashback incentives but requires a Japanese phone number for registration.
International Options
Services like Apple Pay and Google Pay work with compatible terminals in Japan but aren’t as widely accepted as local options.
IC Cards for Transit and Beyond
Perhaps the most useful digital payment tool for tourists is the IC card system:
| Card Name | Region | Key Features |
|---|---|---|
| Suica | Tokyo, Eastern Japan | Works on JR lines, subway, buses; accepted at convenience stores |
| PASMO | Tokyo metropolitan area | Similar to Suica; works on non-JR lines |
| ICOCA | Kansai region (Osaka, Kyoto) | Western Japan equivalent to Suica |
| Kitaca | Hokkaido | Northern Japan IC card |
These rechargeable cards serve primarily as transit passes but have expanded to become accepted at:
- Convenience stores (7-Eleven, Lawson, FamilyMart)
- Vending machines
- Some restaurants and retail shops
- Coin lockers and parking facilities
To use an IC card, simply purchase one from a station kiosk (¥1,000 initial cost including ¥500 deposit) and top it up as needed. Tap the card on readers when entering and exiting transit systems or when making purchases.
Digital Payment Limitations
Despite the growth in digital options, several limitations exist:
- Registration barriers: Many Japanese payment apps require a Japanese phone number, address, or bank account
- Language barriers: Apps and terminals may lack English interfaces
- Technical requirements: Some systems require Japanese-issued credit cards
- Rural gap: Digital payment acceptance drops significantly outside major cities
- Transaction limits: Some services impose daily spending caps for tourists
Places That Still Require Cash
Be prepared to use cash in these situations:
“No matter how prepared you are with digital options, certain situations in Japan will always require cash on hand.” – Experienced Japan traveler
- Traditional markets and street food vendors
- Shrines and temples for entrance fees and omamori (charms)
- Public bathhouses (sento) and many onsen
- Capsule hotels and budget accommodations
- Taxi fares in smaller cities (though major cities increasingly accept cards)
- Festival vendors and local events
- Vending machines without IC card readers
- Emergency situations where power or network outages occur
While digital payment options continue to expand in Japan, the most prepared travelers maintain a balanced approach—utilizing convenient digital methods where accepted while keeping adequate cash on hand for situations where traditional currency remains the only option.
Frequently Asked Questions About Currency Exchange in Japan
What’s the best place to get the most favorable exchange rate in Japan?
For the most favorable exchange rates in Japan, specialized currency exchange shops like World Currency Shop and Interbank typically offer better rates than airports or hotels.
However, using international ATM cards at 7-Eleven, Japan Post, or other compatible ATMs often provides rates closest to the interbank rate, especially if your home bank offers low or no foreign transaction fees. For large amounts, compare rates between multiple exchange services before committing.
Can I rely solely on credit cards instead of cash in Japan?
While Japan is increasingly accepting credit cards, it remains predominantly a cash-based society.
Major hotels, department stores, and chain restaurants generally accept international credit cards (Visa and Mastercard being the most widely accepted), but many small restaurants, local shops, markets, and transportation services may accept cash only.
Additionally, some establishments that do accept cards may require minimum purchase amounts. Always carry sufficient cash, especially when venturing outside major tourist areas.
Are traveler’s checks still accepted in Japan?
Traveler’s checks have become largely obsolete in Japan. Few businesses accept them directly, and exchanging them can be time-consuming as they’re only accepted at limited locations like major banks and some large hotels.
The process typically requires identification and may involve significant processing time. Modern alternatives like prepaid travel cards, credit cards, and ATM withdrawals offer greater convenience and wider acceptance.
What should I do if I run out of cash in Japan?
If you find yourself without yen in Japan:
- Locate the nearest international-friendly ATM (7-Eleven, Japan Post, or international airport)
- Visit a currency exchange shop in tourist areas or major transportation hubs
- In emergencies, some hotels can advance cash against your credit card (with high fees)
- Use wire transfer services like Western Union (available at some convenience stores)
- Ask your accommodation for assistance—many hotels and hostels can direct you to the nearest exchange option
Always keep emergency contact information for your bank to resolve card issues quickly.
What denominations of yen should I carry in Japan?
For practical spending in Japan, it’s advisable to carry a mix of denominations:
| Denomination | Recommended Amount | Best Uses |
|---|---|---|
| ¥10,000 notes | A few for large purchases | Hotel payments, shopping sprees |
| ¥5,000 notes | Several | Restaurants, moderate shopping |
| ¥1,000 notes | Multiple | Daily expenses, small purchases |
| ¥500 coins | 5-10 | Vending machines, train tickets |
| ¥100 coins | 10-15 | Lockers, small purchases |
| Smaller coins | A handful | Exact change for stores |
Many businesses appreciate exact change, and vending machines often require coins or ¥1,000 notes. While ¥10,000 notes are widely accepted, some small shops may struggle with change for large bills, especially early in the day.
Is it better to exchange money before traveling to Japan or after arriving?
It’s advisable to exchange a small amount before your trip (enough for transportation and immediate needs upon arrival), then exchange the bulk of your currency in Japan for better rates.
Japanese currency exchange services typically offer competitive rates for major currencies like USD, EUR, GBP, and AUD. If your home country has unfavorable yen exchange rates or limited availability, waiting until you arrive in Japan is often the more economical choice.
How can I avoid ATM withdrawal fees in Japan?
To minimize ATM fees in Japan:
- Use a bank card that offers global fee reimbursement or no international ATM fees
- Make fewer, larger withdrawals rather than multiple small ones
- Check if your bank has partner institutions in Japan
- Consider opening an account with online banks that specialize in international travel
- Use credit cards with no foreign transaction fees for larger purchases
Remember that even if the Japanese ATM doesn’t charge a fee, your home bank might still apply international withdrawal charges.