Gold Price in Japanese Yen (JPY)
Track the live gold price in Japanese yen per troy ounce and per gram. Real-time XAU/JPY charts reflecting both gold spot movements and USD/JPY exchange rate dynamics.
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Japan's Relationship with Gold
The gold price in JPY has reached record highs in recent years, driven by the dramatic weakening of the yen. The Bank of Japan's accommodative monetary policy has made gold an increasingly attractive store of value for Japanese savers.
- Futures exchange: TOCOM / JPX (Japan Exchange Group) for yen-denominated gold trading
- Key driver: USD/JPY exchange rate amplifies gold returns for Japanese investors
- Bank of Japan holds approximately 846 tonnes of gold reserves
- Popular products: gold bars (500g, 1kg) from Tanaka Kikinzoku and Mitsubishi Materials
- Gold accumulation plans (Junkingold) are popular for disciplined monthly investing
- Long-term CGT benefit: gold held 5+ years qualifies for 50% gains deduction
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Frequently Asked Questions
Why do Japanese investors buy gold?
With Japan's historically low interest rates and aging population, gold serves as a store of value. The weak yen in recent years has made gold particularly attractive as a hedge against currency depreciation.
Why has the gold price in yen risen so sharply?
The gold price in yen has surged due to a combination of rising international gold prices and significant yen depreciation. The Bank of Japan's ultra-loose monetary policy, including negative interest rates and yield curve control, has weakened the yen dramatically against the dollar. This double tailwind has pushed the yen-denominated gold price to all-time highs, delivering outsized returns for Japanese gold investors.
What is TOCOM and how does it relate to gold?
TOCOM (Tokyo Commodity Exchange) is Japan's primary commodity futures exchange, now part of the Japan Exchange Group (JPX). It offers gold futures contracts denominated in Japanese yen per gram, providing a key pricing benchmark for the Japanese gold market. TOCOM gold futures are actively traded by both domestic and international participants and closely track international spot prices adjusted for the USD/JPY exchange rate.
How is gold taxed in Japan?
In Japan, profits from selling gold are subject to income tax. Gold held for more than five years qualifies for long-term capital gains treatment, where only 50% of the gain (after a 500,000 yen annual exemption) is added to taxable income. Gold held for five years or less receives only the 500,000 yen exemption with the full gain being taxable. This tax structure incentivizes longer holding periods for Japanese gold investors.