Showing 1 - 10 of 19
Public opinion surveys conducted since 1977 in Japan are usually interpreted as showing decreasing support among the … Office of Japan have justified recent cuts in ODA funding levels on this basis. However, these interpretations have been …
Persistent link: https://www.econbiz.de/10005556386
particular, on the Euro area and Japan). …
Persistent link: https://www.econbiz.de/10005556489
We study the impact of Japanese foreign exchange intervention on the volatility of the yen/dollar exchange rate since the early 1990s based on a GARCH framework. Using daily intervention data provided by the Japanese Ministry of Finance, we show that the success of interventions varies over...
Persistent link: https://www.econbiz.de/10005556654
During the 1990’s the Japanese yen proved astonishingly strong despite the persisting recession. This paper tracks the origins of the high yen. It analyses the influence of interest rates, prices and foreign exchange policy on the yen-dollar exchange rate. It comes to the conclusion that real...
Persistent link: https://www.econbiz.de/10005556664
Persistent link: https://www.econbiz.de/10005561150
Should one think of zero nominal interest rates as an undesirable liquidity trap or as the desirable Friedman rule? I use three different frameworks to discuss this issue. First, I restate Cole and Kocherlakota's (1998) analysis of Friedman's rule: short run increases in the money stock -...
Persistent link: https://www.econbiz.de/10005561156
This paper investigates the causes of business cycle fluctuations that Japan experienced over the period 1980 to 2000 … as collateral in Japan, land tax changes will cause fluctuations in land price that can potentially affect output and … data of land use in Japan provides evidence of such redistribution. …
Persistent link: https://www.econbiz.de/10005561189
This paper examines the exchange rate pass-through to yen based manufactured import prices of Japan using asymmetric … shown that the recession in Japan in the 1990s has significantly affected the exchange rate passthrough relationship …
Persistent link: https://www.econbiz.de/10005124902
In the financial crisis literature, it is usually argued that, contrary to the case of currency crises, building a time series index to identify banking crisis episodes is highly difficult, particularly because of the lack of reliable data on banking sector variables (non-performing loans,...
Persistent link: https://www.econbiz.de/10005126447
common market among ASEAN, China, South Korea, and Japan by establishing a free trade area covering the entire region. As the … two major countries in the region, in the arrangement, China and Japan would have centered roles in promoting economic … cooperation in East Asia. However, it is practically impossible to decide either China or Japan is capable of taking the …
Persistent link: https://www.econbiz.de/10005408050