Yes, you have to file the FBAR every year. :(
Again, filing can be done electronically through the FinCEN (Financial Crimes Enforcement Network) system. And again, you must file by June 30, 2017.
This year, I'm doing it before taxes! Not much has changed since last year, so it took only 12 minutes to file! :)
FYI, the exchange rate for Japanese YEN was 117.0300 for 2016. The most current rates can be found here.
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