Ito, Takatoshi; Koibuchi, Satoshi; Sato, Kiyotaka; … - National Bureau of Economic Research (NBER) - 2015
management, such as choice of invoicing currency, and financial and operational hedge. The firm’s exposure to the exchange rate … risk management measures—financial and operational hedging, the choice of invoice currency and the price revision strategy … indicate that Japanese firms use the combination of risk management tools to mitigate the degree of the exchange rate risk. …