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Who Pulls the String of the Yo-Yo Yen?

Brendan Brown

Chapter 3 in The Yo-Yo Yen, 2002, pp 63-115 from Palgrave Macmillan

Abstract: Abstract Does Washington or Tokyo pull the string of the yo–yo yen? That is the outstanding question from the history of the years 1971–87 covered in Chapter 2. Suppose there had been no buzz of concern from Washington about the size of Japan’s trade surplus, would the yen have pursued a much more stable path? The question is even more pertinent to the experience of 1988–2000, through the Bubble and into the Lost Decade, to be considered in the next two chapters.

Keywords: Exchange Rate; Interest Rate; Foreign Asset; Liberal Democratic Party; Current Account Balance (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-0710-3_4

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DOI: 10.1057/9781403907103_4

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