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The Effect of Exchange Rate Changes on Japanese Consumption Exports

Willem Thorbecke and Atsuyuki Kato

Macroeconomics Working Papers from East Asian Bureau of Economic Research

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

Keywords: exchange rates; Japanese exports; effects of the exchange rate; Japan; trade (search for similar items in EconPapers)
JEL-codes: F30 F32 (search for similar items in EconPapers)
Date: 2011-07
New Economics Papers: this item is included in nep-opm
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Citations: View citations in EconPapers (18)

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Related works:
Working Paper: The Effect of Exchange Rate Changes on Japanese Consumption Exports (2011) Downloads
Working Paper: The Effect of Exchange Rate Changes on Japanese Consumption Exports (2011) Downloads
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