Author: Seikow Yoshisada Furuya
Publisher:
Published: 1928
Total Pages: 242
ISBN-13:
DOWNLOAD EBOOK →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.
Author: T. Iwami
Publisher: Springer
Published: 1995-10-27
Total Pages: 186
ISBN-13: 0230372635
DOWNLOAD EBOOK →Japan experienced a remarkable growth in international finance, through a series of liberalization measures in the 1980s. However, her position in the global financial system is still limited, as the reserve currency share of yen illustrates. Why does such a contrast exist? Historical comparison with Britain and the United States as well as extensive data provide a key to answer the question.
Author: Japan-United States Economic Relations Group
Publisher:
Published: 1981
Total Pages: 472
ISBN-13:
DOWNLOAD EBOOK →Author: Shinji Takagi
Publisher: International Monetary Fund
Published: 1997-09
Total Pages: 46
ISBN-13:
DOWNLOAD EBOOK →This paper reviews the experience of Japan with a restrictive trade and payments system during the early part of the post-World War II period, as a case study of how the fixed exchange rate system was managed in practice under the Bretton Woods system. Specifically, it presents a summary of how Japan's system of foreign exchange and trade control operated in the early 1950s, how effectively it was used as a tool of macroeconomic policy, and how it was liberalized from the late 1950s into the early 1960s.
Author: Mariana Colacelli
Publisher: International Monetary Fund
Published: 2021-02-05
Total Pages: 40
ISBN-13: 1513568272
DOWNLOAD EBOOK →The composition of Japan’s current account balance has changed over time, with an increasing income balance primarily reflecting a growing net foreign asset position and higher corporate saving. A comparison of Japan’s income balance with peer countries highlights: (i) relatively high yields on FDI assets, and (ii) very low FDI liabilities in Japan. Panel estimation is used to derive separate exchange rate elasticities for income credit and debit, with novel accounting that disentangles the mechanical from the economic response to exchange rate fluctuations. Despite the changing composition of Japan’s current account balance, its response to exchange rate movements still operates mostly through the traditional trade channel, with a small but reinforcing contribution from the income balance.