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Princes of the Yen
Author: Richard Werner
Publisher: Routledge
Published: 2015-03-04
Total Pages: 384
ISBN-13: 131746219X
DOWNLOAD EBOOK →This eye-opening book offers a disturbing new look at Japan's post-war economy and the key factors that shaped it. It gives special emphasis to the 1980s and 1990s when Japan's economy experienced vast swings in activity. According to the author, the most recent upheaval in the Japanese economy is the result of the policies of a central bank less concerned with stimulating the economy than with its own turf battles and its ideological agenda to change Japan's economic structure. The book combines new historical research with an in-depth behind-the-scenes account of the bureaucratic competition between Japan's most important institutions: the Ministry of Finance and the Bank of Japan. Drawing on new economic data and first-hand eyewitness accounts, it reveals little known monetary policy tools at the core of Japan's business cycle, identifies the key figures behind Japan's economy, and discusses their agenda. The book also highlights the implications for the rest of the world, and raises important questions about the concentration of power within central banks.
The Japanese Yen as an International Currency
Author: Mr.George S. Tavlas
Publisher: International Monetary Fund
Published: 1991-01-01
Total Pages: 61
ISBN-13: 1451930992
DOWNLOAD EBOOK →The role of the Japanese yen as an international currency is assessed. It is found that the determinants of international-currency use imply some increase for the yen’s use in international finance; however, the implications for the yen’s use in international trade are mixed. It is also shown that, despite Japan’s emergence as the world’s largest net creditor nation, Japan’s capital outflows have not significantly facilitated the yen’s internationalization. Data are presented showing that, although the yen’s use as an international currency has increased, it is still rather modest. Wider use of the yen as a regional currency in Asia has occurred, though a “yen-zone” does not appear to be emerging.
The History of Japanese Paper Currency (1868-1890)
Japan to 1600
Author: William Wayne Farris
Publisher: University of Hawaii Press
Published: 2009-04-27
Total Pages: 250
ISBN-13: 0824833791
DOWNLOAD EBOOK →Japan to 1600 surveys Japanese historical development from the first evidence of human habitation in the archipelago to the consolidation of political power under the Tokugawa shogunate at the beginning of the seventeenth century. It is unique among introductory texts for its focus on developments that impacted all social classes rather than the privileged and powerful few. In accessible language punctuated with lively and interesting examples, William Wayne Farris weaves together major economic and social themes. The book focuses on continuity and change in social and economic structures and experiences, but it by no means ignores the political and cultural. Most chapters begin with an outline of political developments, and cultural phenomena—particularly religious beliefs—are also taken into account. In addition, Japan to 1600 addresses the growing connectedness between residents of the archipelago and the rest of the world. Farris describes how the early inhabitants of the islands moved from a forager mode of subsistence to a more predominantly agrarian base, supplemented by sophisticated industries and an advanced commercial economy. He reveals how the transition to farming took place over many centuries as people moved back and forth from settled agriculture to older forager-collector regimes in response to ecological, political, and personal factors. Economics influenced demographics, and, as the population expanded, the class structure became increasingly complex and occupational specialization and status divisions more intricate. Along with this came trends toward more tightly knit corporate organizations (village, city, market, family), and classes of servants, slaves, and outcastes formed. In reflecting the diversity of traditional Japan’s economy and society, Japan to 1600 is well suited for both undergraduate and graduate courses and will be a welcome introduction to Japan’s early history for scholars and students of other disciplines and regions.
The Curious Case of the Yen as a Safe Haven Currency
Author: Mr.Dennis P. J. Botman
Publisher: International Monetary Fund
Published: 2013-11-06
Total Pages: 21
ISBN-13: 1475513429
DOWNLOAD EBOOK →During risk-off episodes, the yen is a safe haven currency and on average appreciates against the U.S. dollar. We investigate the proximate causes of yen risk-off appreciations. We find that neither capital inflows nor expectations of the future monetary policy stance can explain the yen’s safe haven behavior. In contrast, we find evidence that changes in market participants’ risk perceptions trigger derivatives trading, which in turn lead to changes in the spot exchange rate without capital flows. Specifically, we find that risk-off episodes coincide with forward hedging and reduced net short positions or a buildup of net long positions in yen. These empirical findings suggest that offshore and complex financial transactions should be part of spillover analyses and that the effectiveness of capital flow management measures or monetary policy coordination to address excessive exchange rate volatility might be limited in certain cases.
Short Economic History of Modern Japan
Author: G. C. Allen
Publisher: Routledge
Published: 2013-11-05
Total Pages: 202
ISBN-13: 1136503609
DOWNLOAD EBOOK →Discussing the process of economic development in Japan, this book covers the period from when Japan first entered upon her career of Westernization to the beginning of the war with China in 1937. The main emphasis is on industrial and financial development and organization and on economic policy. Among the industries discussed are agriculture, textiles, steel and shipping. A comprehensive glossary and bibliography are included and much of the statistical information is tabulated for ease of reading.
Engaging Japanese Philosophy
Author: Thomas P. Kasulis
Publisher: University of Hawaii Press
Published: 2017-12-31
Total Pages: 785
ISBN-13: 0824873831
DOWNLOAD EBOOK →Philosophy challenges our assumptions—especially when it comes to us from another culture. In exploring Japanese philosophy, a dependable guide is essential. The present volume, written by a renowned authority on the subject, offers readers a historical survey of Japanese thought that is both comprehensive and comprehensible. Adhering to the Japanese philosophical tradition of highlighting engagement over detachment, Thomas Kasulis invites us to think with, as well as about, the Japanese masters by offering ample examples, innovative analogies, thought experiments, and jargon-free explanations. He assumes little previous knowledge and addresses themes—aesthetics, ethics, the samurai code, politics, among others—not in a vacuum but within the conditions of Japan’s cultural and intellectual history. For readers new to Japanese studies, he provides a simplified guide to pronouncing Japanese and a separate discussion of the language and how its syntax, orthography, and linguistic layers can serve the philosophical purposes of a skilled writer and subtle thinker. For those familiar with the Japanese cultural tradition but less so with philosophy, Kasulis clarifies philosophical expressions and problems, Western as well as Japanese, as they arise. Half of the book’s chapters are devoted to seven major thinkers who collectively represent the full range of Japan’s historical epochs and philosophical traditions: Kūkai, Shinran, Dōgen, Ogyū Sorai, Motoori Norinaga, Nishida Kitarō, and Watsuji Tetsurō. Nuanced details and analyses enable an engaged understanding of Japanese Buddhism, Confucianism, Shintō, and modern academic philosophy. Other chapters supply social and cultural background, including brief discussions of nearly a hundred other philosophical writers. (For additional information, cross references to material in the companion volume Japanese Philosophy: A Sourcebook are included.) In his closing chapter Kasulis reflects on lessons from Japanese philosophy that enhance our understanding of philosophy itself. He reminds us that philosophy in its original sense means loving wisdom, not studying ideas. In that regard, a renewed appreciation of engaged knowing can play a critical role in the revitalization of philosophy in the West as well as the East.
Destined to Fail?
Author: U-sik Mun
Publisher: KIEP
Published: 2008
Total Pages: 56
ISBN-13:
DOWNLOAD EBOOK →The formation of the yen bloc did not result in the economic and monetary integration of East Asian economies. Rather, it led to the increasing disintegration of East Asian economies. Compared to Japan, Asian regions and countries had to suffer from higher inflation. In fact, the farther the countries were away from Japan, the more their central banks had to print money and the higher their inflation was. Moreover, the income gap between Japan and other Asian countries widened. This means that the regionalization centered on the Japanese yen was destined to fail, suggesting that the Co-prosperity Area was nothing but a strategy of regional dominance, not of regional cooperation. The impact was quite long lasting, and it still haunts East Asian countries, contributing to the nourishment of their distrust vis-à-vis Japan, and throws a shadow on recent monetary and financial cooperation movements in East Asia. This experience highlights the importance of responsible actions on the part of leading countries to boost regional solidarity and cohesion for the viability and sustainability of a regional monetary system.
A Short History of Japan
Author: Ernest Wilson Clement
Publisher: Chicago, Ill. : University of Chicago Press
Published: 1915
Total Pages: 216
ISBN-13:
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