Japan Is Cheaper Than You Think (2024)

FAQs

Why is Japan so cheap? ›

That's because the Japanese currency (the yen) is weak against the U.S. dollar. As a result of the strong dollar, the dollar-to-yen currency conversion gives American tourists extra buying power in Japan. For example, five years ago, in April 2019, one U.S. dollar was worth about 112 Japanese yen.

As the cost of living in Japan is so much cheaper than the US, those looking to work abroad, either to travel or as an ALT, can afford to live a fulfilling lifestyle, even if the salary may not look too high when compared with western standards.

How much does it cost to eat in Japan per day? The cost of eating in Japan per day can range from 3,500 to 6,000 yen for budget travelers, up to 6,000 to 12,000 yen for mid-range travelers, depending on the dining preferences and the specific region or city.

The average salary in the country is about 6200000 Yen. This is considered quite good as compared to other countries. The average monthly salary in the country can range between 130000 Yen ($835) and 2300000 Yen ($14771).

Japan is cheaper than you think. Way cheaper. In fact, Japan is arguably the least expensive country in the developed world, rivaled only by Portugal and South Korea.

It is one of the most expensive cities to call home, globally and nationally. On average, a single person spends ¥143,000 per month in Japan's capital, while a family of four might spend around ¥510,000 (excluding rent – 家賃, yachin). When compared to other major cities, Tokyo is: 50% higher than Shanghai.

24. Big Mac will be priced at ¥480, a ¥30 increase. Double Cheeseburger will be priced at ¥430, while Teriyaki MacBurger will be ¥400.

The minimum wage. Japan typically has a 40-hour workweek and the minimum hourly wage for workers is established by each region's Regional Minimum Wage Council. The current national weighted average minimum wage in Japan is 931 Yen. The average rose to 961 yen on April 1, 2023.

Depending upon numerous factors, a small apartment or condominium in Tokyo might cost around ¥50-100 million (approximately $455,000-$910,000 USD). In comparison, a larger single-family home in a desirable area might cost ¥100 million or more (approximately $910,000 USD or more).

In Japan, it's not common to tip for services such as those provided in bars, cafes, restaurants, taxis, and hotels. However, there is a custom in Japan of giving a gratuity, called ""kokorozuke"", (coming from the heart), in some situations. There are certain situations where tipping might be considered appropriate.

How much is a bowl of ramen in Japan? ›

Ramen is a casual meal in Japan and is priced usually around 600-1,200 yen per bowl. If you add extra toppings, a side dish, and a drink, like beer, you will still likely pay no more than 2,000 yen. It is generally very affordable and is usually under $10.

You may be surprised at how many places accept cash only, so it's a good idea to bring enough currency or withdraw money when you arrive, especially if traveling with a large group. Most major Japanese banks accept international cards at their ATMs. Post office ATM are another option.

"Craftsman, mining, manufacturing and construction workers and laborers" was the largest group, 19.31 million persons or 30.1% out of the total employed persons aged 15 and over in Japan. "Clerical and related workers" was the 2nd, 12.12 mil. or 18.9%. "Sales workers" was the 3rd, 9.5 mil. or 14.8%.

Before defining any other systems, the Japanese Labor Standards Act stipulates that a regular work week can't be longer than 40 hours with an eight-hour daily limit.

Government price controls, an ageing population and negative interest rates are among the factors keeping down inflation in Japan. Another reason is that Japan reopened its economy more slowly than many countries following the pandemic.

In summary, there are labor shortages in industries where it is difficult to raise wages, and a rising number of employees work without wage increases. In other words, Japan has an economic and demographic structure that makes it difficult to effectively pressure that wages be raised.

Not surprisingly, tourism is booming. In March 2024, more than 3 million inbound tourists arrived in Japan, breaking a record. As of press time, one U.S. dollar is equivalent to about 156 Japanese yen; five years ago, it was hovering closer to 100 Japanese yen.