The currency of Japan is the Japanese Yen. Other currencies are not used in Japan, but some international airports may accept other currencies. Although the cashless payment methods have started to be common in Japan, cash is still commonly accepted.
Japanese banknotes are in the four denominations of 1,000 Yen, 2,000 Yen, 5,000 Yen, and 10,000 Yen. 2,000 Yen bills are mainly circulated in Okinawa.
Japanese coins are in the six denominations of 1 Yen, 5 Yen, 10 Yen, 50 Yen, 100 Yen, and 500 Yen.
Tax exemption system is applied for visitors from abroad staying in Japan for less than six months. Basically, applies to all items, from home appliances, accessories, shoes, to alcohol, food, cosmetics, cigarettes, and medicines, with total purchase of 5,000 Yen or more at once qualifies for a tax refund. The purchased items should not be used in Japan and must be packaged under specified procedure. Tax is exempt only under certain conditions, and certain items are subject to a reduced tax rate. The terms and conditions of tax refunds depend on the type of product.
Currency other than Japanese Yen are not accepted in most places in Japan, so please have cash exchanged into Japanese Yen when traveling to Japan. There are currency exchange offices at all major airports, so, exchanging cash upon arrival in Japan is smooth. Also, currency exchanges at major banks and some hotels are available. Basically, the business hours for banks are from 9:00 A.M. to 3:00 P.M. on weekdays. Although cashless payment methods have been increasing in Japan, please be aware that the cash may still be the only way to make payments in many stores and areas.
Automated Teller Machines (ATMs) are available at banks and convenience stores and credit cards and debit cards issued overseas may be accepted. Convenience stores are easily found in the urban areas, and many are conveniently open all year round. ATM transaction fees vary between the time and the day of the week.
Cashless payment methods have grown in Japan, but overseas mobile payment services may not be accepted. However, most stores and facilities do accept international credit cards issued overseas. In addition, IC travel cards for foreign visitors to Japan, are accepted in most stores, convenience stores, restaurants, and public transportations and recharged.
Tipping is not customary in Japan. Please note that some restaurants and hotels may apply for service charges of 10% or 15%.