Tokyo

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Cash Usage

The role of cash in Tokyo, where it is still commonly used despite the growing adoption of cashless payments.

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Comprehensive Guide to Cash Usage in Tokyo, Japan

Tokyo, as one of the most advanced cities in the world, offers a fascinating blend of traditional and modern practices, and this is reflected in its payment systems. While cashless payments are becoming increasingly popular, cash still plays a significant role in daily life. Below is a detailed overview of cash usage in Tokyo, including practical tips, cultural insights, and logistical advice.

1. The Role of Cash in Daily Life

  • Prevalence of Cash: Despite Japan's reputation for technological innovation, cash remains a deeply ingrained part of the culture. Many small businesses, traditional establishments (e.g., local restaurants, street vendors, and temples), and older generations still prefer cash transactions.
  • Common Cash-Only Situations:
    • Small eateries (e.g., ramen shops, izakayas)
    • Public transportation (e.g., buses, though IC cards like Suica or Pasmo are widely accepted)
    • Local markets and festivals
    • Shrines and temples (e.g., for donations or purchasing charms)
    • Some taxis (though many now accept credit cards or IC cards)
  • Cashless Payment Growth: In recent years, Tokyo has seen a surge in cashless payment options, especially in chain stores, department stores, convenience stores, and tourist-heavy areas. Credit cards, IC cards, and mobile payment apps (e.g., PayPay, Line Pay) are widely accepted in these places.

2. Cash vs. Cashless Payments

  • Cash:
    • Still the most reliable option, especially in non-urban areas or traditional settings.
    • Coins are heavily used, as the Japanese yen has denominations of ยฅ1, ยฅ5, ยฅ10, ยฅ50, ยฅ100, and ยฅ500 coins.
    • ยฅ1,000, ยฅ5,000, and ยฅ10,000 bills are the most common banknotes.
  • Cashless Options:
    • IC Cards: Suica and Pasmo are rechargeable prepaid cards primarily used for public transportation but also accepted at convenience stores, vending machines, and some restaurants.
    • Credit/Debit Cards: Visa, Mastercard, and JCB are widely accepted in urban areas, but some smaller businesses may not accept them.
    • Mobile Payments: Apps like PayPay, Line Pay, and Rakuten Pay are gaining traction, but they are more commonly used by locals than tourists.

3. How to Withdraw or Exchange Cash

  • ATMs:
    • ATMs are the most convenient way to withdraw cash in Tokyo. However, not all ATMs accept foreign cards, so itโ€™s important to use international-friendly ATMs.
    • Recommended ATMs for Foreign Cards:
      • 7-Eleven ATMs: Found in 7-Eleven convenience stores, these ATMs accept most international cards (Visa, Mastercard, American Express, etc.) and offer English-language options.
      • Japan Post Bank ATMs: Located in post offices, these ATMs also support foreign cards and provide multilingual interfaces.
      • Aeon Bank ATMs: Found in Aeon malls and some convenience stores, these are another good option.
    • Tips:
      • ATMs in Japan often have operating hours and may not be available 24/7, especially in rural areas. However, ATMs in convenience stores like 7-Eleven are typically accessible 24/7.
      • Be aware of withdrawal fees, which can include both a fee from the Japanese ATM and a fee from your home bank.
  • Currency Exchange:
    • At Airports: Narita and Haneda airports have currency exchange counters, but rates may not be the most favorable.
    • Banks: Major banks like MUFG, SMBC, and Mizuho offer currency exchange services, but they may have limited hours.
    • Currency Exchange Shops: Specialized exchange shops in areas like Shinjuku, Ginza, and Akihabara often offer better rates than banks.
    • Hotels: Some high-end hotels offer currency exchange services, though rates may be less competitive.
    • Tips:
      • Always carry your passport when exchanging money, as it is often required for identification.
      • Check the exchange rate and fees before proceeding with a transaction.

4. Costs and Denominations

  • Typical Costs in Tokyo:
    • A meal at a casual restaurant: ยฅ800โ€“ยฅ1,500
    • A cup of coffee: ยฅ300โ€“ยฅ500
    • A train ride within central Tokyo: ยฅ150โ€“ยฅ300
    • Admission to a museum or attraction: ยฅ500โ€“ยฅ2,000
    • Hotel stays: ยฅ10,000โ€“ยฅ30,000 per night (mid-range to high-end)
  • Carrying Cash:
    • Itโ€™s common to carry a mix of bills and coins. A ยฅ1,000 bill is particularly useful for small purchases, while ยฅ10,000 bills are widely accepted but may not be ideal for very small transactions.
    • Coin purses are popular in Japan due to the frequent use of coins.

5. Cultural Factors and Etiquette

  • Handling Cash:
    • Always use both hands when giving or receiving money, as this is considered polite.
    • When paying at stores or restaurants, place the cash on the small tray provided at the counter rather than handing it directly to the cashier.
    • Avoid crumpling or folding bills; Japanese people take pride in keeping their currency clean and neat.
  • Tipping:
    • Tipping is not customary in Japan and can even be considered rude. Excellent service is the standard and does not require additional compensation.
    • If you wish to show appreciation, consider giving a small gift instead of cash.
  • Donations at Temples and Shrines:
    • When making a donation, toss coins (typically ยฅ5 or ยฅ50, as these are considered lucky) into the offering box. Bow twice, clap twice, and bow once more as part of the ritual.

6. Practical Tips for Visitors

  • Always Carry Some Cash: While Tokyo is becoming more cashless, itโ€™s wise to carry at least ยฅ10,000โ€“ยฅ20,000 in cash for emergencies or cash-only situations.
  • Plan for Coins: Coins accumulate quickly, so consider carrying a small coin purse to keep them organized.
  • Check Payment Options in Advance: When visiting a restaurant or shop, check whether they accept credit cards or IC cards to avoid surprises.
  • Be Mindful of Change: Japanese cashiers are meticulous about counting change, so take your time to receive it properly and avoid rushing.

Conclusion

While Tokyo is gradually embracing cashless payments, cash remains an essential part of daily life, especially in traditional or smaller establishments. Visitors should be prepared to use cash frequently and familiarize themselves with Japanese currency and etiquette. By carrying a mix of cash and cashless options, youโ€™ll be well-equipped to navigate Tokyoโ€™s unique blend of modernity and tradition.