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Inflation Calculator: Japan

See what an amount from any past year is worth today in 15 countries, or deflate today's money back in time, using each country's own official price index.

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Country

Consumer Price Index, all items, 2010=100, 1946 to 2025.

Amount and years
¥

Annual averages, 1946 to 2025. Enter a later "from" year to deflate.

Japan: the one country here where the arrow can point the other way

Every other country on this site turns a past sum into a larger present one. Japan does not always. Consumer prices fell by a cumulative 4% between 1998 and 2012, a mild decline but the most persistent in the post-war record, and across that stretch this calculator returns less than you put in.

That is not a fault in the data. It is the period Japan spent in deflation after the asset bubble of the late 1980s collapsed, and it is why advice built on the assumption that money always loses value travels badly here. Prices have since turned: the 2025 all-items index stood at 111.9 against 2020, up 3.2% on the year.

The yen has never been redenominated, despite what 1946 looks like

Japan's index begins in August 1946, and people who know that a currency event happened around then often assume the yen lost zeros the way the Finnish markka or the German mark did. It did not.

Under the emergency financial measures of early 1946, deposits were frozen and old notes withdrawn, with certificate paper affixed to banknotes as a stand-in until new series notes appeared between 1946 and 1948. The exchange was at face value, one for one. It was a confiscatory deposit freeze, not a cutting of zeros, so a yen figure from 1950 is in the same unit as a yen figure from today and needs no conversion before you enter it.

Two caveats on the early years: nothing usable crosses 1945, because the wartime price-control system, the basket and the price sample all broke at once; and values before 1970 exclude imputed rent and rest on a narrower index than the modern one.

"Core" means something different in Japan

If you compare this page against a Japanese inflation headline, check the definition. Japan's core index excludes fresh food only and still contains energy. The measure that matches the American convention, stripping both food and energy, is called core-core.

The index used here is all items, which is also the measure named in the Bank of Japan's formal 2% price stability target, set in January 2013. The Bank's forecasts are usually quoted on the fresh-food-excluded measure, which is the source of most of the confusion.

For how the calculation works, the formula behind it and what it leaves out, see the full guide. For help interpreting a result or comparing it with a quote or statement, read the questions and answers.

Data sources

Consumer Price Index, all items, annual averages (2010 = 100)Statistics Bureau of JapanWithin its effective period

Every document each dataset was read from, its notes and how the figures were checked are listed in the guide's data sources.

This calculator in other countries

Each country has its own rates, thresholds and rules, and its own page that runs the calculator on them and cites the official sources they came from.

CentExactCalculator publisher

CentExact publishes the calculation method, worked examples and available data sources. Automated checks cover reference calculations; they do not certify a result for your circumstances or imply approval by a lender or tax authority.

How we build and test our calculators

Figures are estimates derived from published rates and rules, current at the review date shown at the top of this page and taken from the sources listed under Data sources on this page. Rates, fees and thresholds change; always confirm current values with the official source before relying on a result.