Revisiting Japan's External Adjustment Since 1985:
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Bibliographic Details
Main Author: Meredith, Guy (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C International Monetary Fund 1993
Series:IMF Working Papers Working Paper No. 93/52
Links:http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
http://elibrary.imf.org/view/IMF001/05991-9781451847178/05991-9781451847178/05991-9781451847178.xml
Abstract:The factors that explain Japan's external performance since the mid-1980s are controversial. While the current account surplus eventually declined following exchange rate changes in 1985-86, a widening since 1990 has led to renewed scepticism about the role of relative price movements in bringing about external adjustment. This paper revisits the post-1985 experience to determine whether it can be explained by traditional factors. The results indicate that, over the period as a whole, the behavior of trade volumes and prices was similar to that predicted by traditional relationships. In particular, relative price movements played an important role in reducing the surplus: in their absence, it would have widened further
Physical Description:1 Online-Ressource (26 p)
ISBN:1451847173
9781451847178