Relo Japan

Welcome back to another deep dive article! For this article, we will be looking deeply into Japanese bank accounts to help you get the best bang for your buck. The official currency of Japan is the Japanese Yen (Symbol: ¥ – Code: JPY).  To the surprise of only a very few, only Japanese yen is accepted in Japan outside of some very unique circumstances. However, to the surprise of many, Japanese people will often pay even important sums in cash. Having cash on hand is normal for the current Japanese way of life. As this is the most popular method of payment in Japan,  some rural areas and businesses will only accept cash payments. You may find yourself surprised when the only way to pay for those yummy snacks is with cold, hard cash! The prevalance (or lack thereof) of credit, debit and e-money options is yet another cultural difference foreigners will need to navigate while in Japan. That being said, bank transfers are more commonly used in Japan than in Europe. Another difference is that the Japanese do not use checks nor can one pay with a check from a foreign bank. In addition, paying with traveler checks in…