Changes in the Yen Valuation and Japan's Distributive Mechanism

Nagahide Shioda

Japanese Economy, 1980, vol. 9, issue 1, 45-67

Abstract: Protests are loud against the domestic market prices of imported goods, which have not come down in spite of the yen appreciation. While it is conceded that a number of factors affect the prices of imported goods, questions and complaints are raised as to why large changes in exchange rate between the yen and the dollar have not been reflected a little more quickly and strongly in the domestic market prices of imports. We may recall similar strong opinions that were expressed every time trade liberalization or tariff reductions took place. Today, however, because the pressure on Japan to expand imports from abroad is more intense than ever, the cry for a clarification of the relationship between the yen appreciation and import prices is also loud.

Date: 1980
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DOI: 10.2753/JES1097-203X090145

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