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ArtikelThe Japanese Trade Balance : Recent History and Future Prospects  
Oleh: Backus, David
Jenis: Article from Bulletin/Magazine
Dalam koleksi: JAPAN AND THE WORLD ECONOMY vol. 10 no. 4 (1998), page 409-420.
Topik: balance of trade; trade balance; history; future prospects
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  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: JJ47.8
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelThe rise in the yen in the early 1990s was held out as a 'solution' to the persistent Japanese trade surplus. I argued, instead, that the sharp rise in the yen through mid - 1993 would lead at most to a modest decline in net exports. This forecast, made in late 1993, was remarkably accurate, despite a subsequent fall in the dollar to 80 yen. It reflects a resilient feature of trade data known to most empirical researchers : that relative price movements account for only a fraction of observed movements in the balance of trade or current account.
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