Yoshimoto, Uraku; Satō, Kiyotaka; Itō, Takatoshi; … - National Bureau of Economic Research - 2025
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...