Tips for Money in Japan and Currency Exchange Options - MACHIYA Magazine (2024)

Visiting a currency exchange service at a Japanese airport is the simplest, most accessible option on this list. You’ll find a variety of currency exchange counters at every international airport in Japan, and they usually offer the same rate as banks.

If you’re worried about the language barrier and being able to communicate with staff during your exchange, the currency exchange services at airports usually have staff with some level of English. You may find it more comfortable dealing with staff here as opposed to a Japanese bank where there’s no guarantee the staff can communicate with you in English.

Japan’s bigger banks, including Mizuho and Sumitomo Mitsui Banking Corporation (SMBC), offer currency exchange services. However, as the need for foreign currency exchange has decreased, not many smaller banks provide this service. Bigger branch stores usually offer this service, but a Mizuho or SMBC bank in more rural areas may not offer currency exchange as part of their services.

If you want to visit a bank instead of using an airport currency exchange counter, be sure to check whether the bank you plan on visiting offers this service. You can find this information online on the various banks’ websites.

Exchanging foreign currency at a bank can take more time than other methods, as you have to complete certain forms before you can exchange your money. Also, be aware that you can only use this service during a bank’s opening hours, which tend to be fairly short (e.g. from 9am to 3pm).

Using a currency exchange machine can be tricky as they’re unmanned, so you have no one to ask for help or advice.

They are, however, conveniently locations throughout Japan, such as tourist information centers and train stations. They’re fortunately generally easy to use, too, and available until late at night (depending on their location). Currency exchange machines also include multiple language options for travelers’ convenience.

To avoid frustration, make sure that nearby machines can exchange your currency before you visit. While these machines don’t provide the best rates, their availability, ease of use, and language options make them a great option if you need more yen while in Japan.

Discount ticket shops (“kinken” shops) are less well-known compared to other Japan money exchange methods, but you’ll find them in numerous locations across Japan, usually close to major train stations. These small stores offer discounted items such as gift cards and train tickets, as well as foreign currency.

So why forgo more traditional exchange methods like at a bank for a “kinken” shop? If you’re looking to get the most for your money, the currency exchange rates here can actually be better than those at banks. Although the rates may be better, the finding a discount ticket shop and navigating it may be too much of a hassle, especially as most store will not have staff proficient in English or with experience assisting foreign customers. We recommend seeking out a “kinken” shop for experienced travelers in Japan, preferably with some understanding of Japanese.

We recommend that you exchange all the money you expect to need when you arrive in Japan, but we know that you may run out of cash or just need a little extra during your trip.

Don’t worry — withdrawing money from your foreign credit or debit card in Japan is easy. It might be cheaper, too, if you consider the various fees involved with currency exchange services.

One point to remember: inform your bank that you’ll be visiting Japan, otherwise they may assume your card has been stolen and block your transactions. You also need to be sure you know your pin code, as it’s essential for transactions in Japan.

While convenience stores (“konbini”) are easy to find almost anywhere in Japan, foreign money withdrawal is only available at certain ATMs. We recommend visiting a 7-Eleven, which carries 25,000 machines throughout Japan. Many Lawson stores now have ATMs which accept foreign cards. You can check their website for which store locations offer this service.

Convenience store ATMs may be available 24/7, but the fees vary depending on the day and time, so be sure to check these first!

IC cards are rechargeable, and you can use them to pay for goods at many stores, restaurants, and vending machines just by touching the card to a reader for a second or two. You can also use IC cards for fares on public transport.

They have an initial cost, but offer convenience and peace of mind. For more information about IC Cards, be sure to check out our blog post on Best Travel Tips for a Stress-Free Japan Trip: Advice from Locals.

Mobile payment options have become more mainstream across Japan in recent years, though they’re not available everywhere just yet. Since all you need to carry around is your smartphone and there is no need to handle cash or cards, mobile payment has become very popular among locals in the past few years. The most popular options are targeted at Japanese locals, though, and can be very tough for tourists to use.

Some businesses accept WeChat Pay, Apple Pay, and Alipay, but check ahead of time to avoid issues during your travels.

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