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Detail
BukuThe effect of exchange rate changes on Japanese consumption exports (dari ADBI Working Paper Series 298, 2011)
Bibliografi
Author: Thorbecke, Willem ; Kato, Atsuyuki
Topik: Exchange rate
Bahasa: (EN )    
Penerbit: Asian Development Bank Institute     Tempat Terbit: Tokyo    Tahun Terbit: 2011    
Jenis: Papers/Makalah
Fulltext: adbi-wp298.pdf (214.59KB; 1 download)
Abstract
This paper investigates how exchange rates affect Japanese exports. This is difficult because many of Japan’s exports are used to produce goods for re-export. An appreciation in the importing country that decreases exports can decrease its imported inputs from Japan. To correct for this bias we examine consumption exports. Using a panel dataset of Japan’s consumption exports to 17 countries over the 1988–2009 period, we find that a 10% appreciation of the yen would reduce Japan’s consumption goods exports by 9%. These results indicate that the large swings in the value of the yen over the last decade have caused large swings in the volume of Japanese exports.
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