Nagoya

1. Currency Used

• Currency: The official currency in Nagoya (and all of Japan) is the Japanese Yen (JPY, ¥).
• Denominations:
  • Coins: ¥1, ¥5, ¥10, ¥50, ¥100, ¥500
  • Banknotes: ¥1,000, ¥2,000 (rare), ¥5,000, ¥10,000
• Exchange Rates: Exchange rates fluctuate, so check the current rate before your trip. As of late 2023, ¥1,000 is approximately $6.70 USD or €6.30 EUR (subject to change).

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2. Common Payment Methods in Nagoya

A. Cash (現金, Genkin)

• Usage: Cash is still widely used in Japan, especially in smaller establishments, traditional markets, temples, shrines, and rural areas. In Nagoya, many restaurants, street vendors, and local shops prefer cash.
• Where to Get Cash:
  • ATMs: Available at convenience stores (7-Eleven, Lawson, FamilyMart), post offices, and banks. ATMs in convenience stores often accept foreign cards (Visa, Mastercard, UnionPay, etc.).
  • Currency Exchange: Exchange counters are available at Chubu Centrair International Airport, major train stations, and some hotels.
• Tips:
  • Always carry some cash, especially for small purchases or when visiting less urban areas.
  • ¥1 and ¥5 coins are often used for small transactions, so keep them handy.

B. Credit and Debit Cards

• Usage: Credit and debit cards are increasingly accepted in Nagoya, especially in urban areas, shopping malls, department stores, chain restaurants, and hotels.
• Accepted Cards: Visa, Mastercard, JCB, American Express, and UnionPay are the most commonly accepted.
• Limitations:
  • Some smaller establishments, local eateries, and taxis may not accept cards.
  • Cards with chip-and-PIN technology are preferred, but signature-based cards are also accepted.
• Fees:
  • Foreign transaction fees may apply (check with your bank).
  • Dynamic currency conversion (DCC) may be offered, but it’s usually better to pay in JPY to avoid unfavorable exchange rates.

C. IC Cards (Prepaid Smart Cards)

• What Are They?: IC cards are rechargeable prepaid cards used for transportation and small purchases.
• Popular IC Cards in Nagoya:
  • TOICA: Issued by JR Central, primarily for train travel in the Nagoya area.
  • manaca: Used for subway, buses, and some trains in Nagoya.
  • Other Compatible Cards: Suica, Pasmo, ICOCA, etc., can also be used in Nagoya.
• Where to Use:
  • Public transportation (trains, buses, subways)
  • Convenience stores (7-Eleven, Lawson, FamilyMart)
  • Vending machines
  • Some cafes, restaurants, and shops
• How to Get and Use:
  1. Purchase an IC card at train stations or convenience stores.
  2. Load money onto the card at ticket machines or convenience stores.
  3. Tap the card on the reader at payment terminals.
• Fees: A refundable deposit of ¥500 is required when purchasing the card.

D. Mobile Payment Apps

• Usage: Mobile payments are growing in popularity, especially among younger generations and in urban areas like Nagoya.
• Popular Apps:
  • PayPay: Widely accepted in stores, restaurants, and taxis.
  • LINE Pay: Common for online and in-store purchases.
  • Rakuten Pay: Accepted in many chain stores and restaurants.
  • Apple Pay/Google Pay: Can be linked to credit cards or IC cards for contactless payments.
• How to Use:
  1. Download the app and link it to a credit card or bank account.
  2. Scan the QR code at the store or tap your phone on the payment terminal.
• Limitations: Some apps may require a Japanese bank account or phone number for full functionality.

E. Traveler’s Checks

• Usage: Rarely used in Japan, including Nagoya. They can be exchanged for cash at major banks or currency exchange counters, but this is not a convenient option.

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3. Associated Costs and Fees

• ATM Fees: ATMs may charge a withdrawal fee (¥100–¥300) for foreign cards, depending on the bank and time of day.
• Currency Exchange Fees: Rates at airports and hotels may include higher fees compared to banks or exchange counters in the city.
• Credit Card Fees: Foreign transaction fees (1–3%) may apply, depending on your card issuer.

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4. Procedures for Using Payment Methods

• Cash: Hand over the exact amount or place it in the small tray provided at the counter (a common custom in Japan).
• Credit/Debit Cards: Insert the card into the terminal or tap for contactless payment. Sign or enter your PIN if prompted.
• IC Cards: Tap the card on the reader and check the balance displayed. Reload as needed.
• Mobile Payments: Open the app, scan the QR code, or tap your phone on the terminal.

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5. Local Considerations and Customs

• Cash Culture: While Nagoya is modern, cash is still king in many situations. Always carry some cash, especially for smaller establishments or emergencies.
• Tipping: Tipping is not customary in Japan. If you leave money behind, it may be returned to you.
• Receipts: Receipts (レシート, reshiito) are provided for most transactions. Keep them for records or tax purposes.
• Language Barrier: Some staff may not speak English, so learning basic phrases like "Can I pay with a card?" (カードで払えますか, Kaado de haraemasu ka?) can be helpful.
• IC Card Refunds: If you leave Nagoya or Japan, you can return your IC card at a train station to get your deposit and remaining balance refunded (a small fee may apply).

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6. Tips for Visitors and New Residents

• Plan for Cash-Only Situations: Carry at least ¥10,000 in cash for emergencies or small purchases.
• Use IC Cards for Convenience: They simplify transportation and small transactions.
• Notify Your Bank: Inform your bank of your travel plans to avoid issues with card transactions.
• Download Payment Apps: If you plan to stay long-term, consider setting up a mobile payment app for added convenience.
• Check for Tax-Free Shopping: Many stores offer tax-free shopping for tourists. Show your passport and pay with cash or card to save on the 10% consumption tax.

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By understanding and preparing for these payment methods, you’ll find it easy to navigate Nagoya’s bustling streets, enjoy its culinary delights, and explore its cultural landmarks without any financial hiccups.