Contents: 1. Introduction -- 2. Choice of invoice currency in Japanese trade: industry- and commodity-level analysis -- 3. Findings from interviews with globally operating Japanese firms -- 4. Analysis of questionnaire surveys on head offices -- 5. Exchange rate risk management in Japanese firms...

While Japanese exports are generally considered invoiced mainly in U.S. dollars (USD), this study presents contrary evidence that most Japanese firms choose yen-invoiced exports. Surprisingly, only the top one percent of firms in size tend to choose USD-invoiced exports, based on the Japan...

As a successful competitive research bid to use Japanese customs data, this study calculates the share of trade denomination currency (invoice currency) in Japan's exports and imports by industry and country from individual export and import documents. The results clarify the characteristics of...

We examine the determinants and the dynamics of the exchange rate pass-through of the Japanese exporters, utilizing the official Customs declaration data. We first estimated the invoicing currency exchange rate pass-through and found that export prices invoiced in producer currency are the most...