Result: ¥1 in 1984 → ¥1.32 in 2024
Value of ¥1 from 1984 to 2024
Updated: April 10, 2025¥1 in 1984 is equivalent in purchasing power to about ¥1.32 today, an increase of ¥0.32 over 40 years. The yen had an average inflation rate of 0.70% per year between 1984 and today, producing a cumulative price increase of 32.36%.
This means that today's prices are 1.32 times as high as average prices since 1984, according to the OECD and the World Bank consumer price index for Japan. A yen today only buys 75.758% of what it could buy back then.
The inflation rate in 1984 was 2.25%. The current inflation rate compared to the end of last year is now 2.88%. If this number holds, ¥1 today will be equivalent in buying power to ¥1.03 next year.
⌃
| Cumulative price change | 32.36% |
| Average inflation rate | 0.70% |
| Converted amount ¥1 base | ¥1.32 |
| Price difference ¥1 base | ¥0.32 |
| CPI in 1984 | 83.643 |
| CPI in 2024 | 110.714 |
| Inflation in 1984 | 2.25% |
| Inflation in 2024 | 2.88% |
| ¥1 in 1984 | ¥1.32 in 2024 |
Buying power of ¥1 in 1984
This chart shows a calculation of buying power equivalence for ¥1 in 1984 (price index tracking began in 1955).
For example, if you started with ¥1, you would need to end with ¥1.32 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When ¥1 is equivalent to ¥1.32 over time, that means that the "real value" of a single Japanese yen decreases over time. In other words, a yen will pay for fewer items at the store.
This effect explains how inflation erodes the value of a yen over time. By calculating the value in 1984 dollars, the chart below shows how ¥1 is worth less over 40 years.
According to the OECD and the World Bank, each of these JPY amounts below is equal in terms of what it could buy at the time:
This conversion table shows various other 1984 amounts in today's yen, based on the 32.36% change in prices:
| Initial value | Equivalent value |
|---|---|
| ¥1 yen in 1984 | ¥1.32 yen today |
| ¥5 yen in 1984 | ¥6.62 yen today |
| ¥10 yen in 1984 | ¥13.24 yen today |
| ¥50 yen in 1984 | ¥66.18 yen today |
| ¥100 yen in 1984 | ¥132.36 yen today |
| ¥500 yen in 1984 | ¥661.82 yen today |
| ¥1,000 yen in 1984 | ¥1,323.64 yen today |
| ¥5,000 yen in 1984 | ¥6,618.22 yen today |
| ¥10,000 yen in 1984 | ¥13,236.44 yen today |
| ¥50,000 yen in 1984 | ¥66,182.22 yen today |
| ¥100,000 yen in 1984 | ¥132,364.44 yen today |
| ¥500,000 yen in 1984 | ¥661,822.20 yen today |
| ¥1,000,000 yen in 1984 | ¥1,323,644.41 yen today |
How to calculate inflation rate for ¥1 since 1984
Our calculations use the following inflation rate formula to calculate the change in value between 1984 and today:
CPI today CPI in 1984
×
1984 JPY value
=
Today's value
Then plug in historical CPI values. The Japanese CPI was 83.643 in the year 1984 and 110.71358916166263 in 2024:
110.7135891616626383.643
×
¥1
=
¥1.32
¥1 in 1984 has the same "purchasing power" or "buying power" as ¥1.32 in 2024.
To get the total inflation rate for the 40 years between 1984 and 2024, we use the following formula:
CPI in 2024 - CPI in 1984CPI in 1984
×
100
=
Cumulative inflation rate (40 years)
Plugging in the values to this equation, we get:
110.71358916166263 - 83.64383.643
×
100
=
32%
Data source & citation
You may use the following MLA citation for this page: “¥1 in 1984 → 2024 | Japan Inflation Calculator.” Official Inflation Data, Alioth Finance, 29 May. 2025, https://www.officialdata.org/japan/inflation/1984?amount=1.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 32.36% |
| Average inflation rate | 0.70% |
| Converted amount ¥1 base | ¥1.32 |
| Price difference ¥1 base | ¥0.32 |
| CPI in 1984 | 83.643 |
| CPI in 2024 | 110.714 |
| Inflation in 1984 | 2.25% |
| Inflation in 2024 | 2.88% |
| ¥1 in 1984 | ¥1.32 in 2024 |
