Japan on the cheap can be done and is quite an experience. You can stay at capsule hotels which will cost you about USD$40-$50 a night with access to baths and sauna. Inexpensive budget hotels are also available and are usually located near stations. Try a Business Hotel for a good compromise with prices around USD$70 for a single room and USD$100 for a double. If you get in a pinch and need a hotel in a hurry try one of the various Love Hotels located all around Japan. These are quite inexpensive and usually came with a great TV, video games and karaoke machine.
Food can cost you about USD$5-8 a meal if you eat at budget Japanese restaurants like Yoshinoya, Sukiya, and CoCo Ichiban Curry House. There are numerous bakeries around the country and a small snack will cost you around USD$1-2. The convenience stores all over Japan are also a quick cheap alternative and prices are extremely low compared with places back home.
I would say about USD$70-80 a day is possible done on a budget.
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