EconPapers    
Economics at your fingertips  
 

Invoice Currency Choice and Exchange Rate Risk Management in Japanese Firms' Trade Network: "RIETI Survey on Japanese Overseas Subsidiaries 2010" (Japanese)

Takatoshi Ito (), Satoshi Koibuchi, Kiyotaka Sato and Junko Shimizu

Discussion Papers (Japanese) from Research Institute of Economy, Trade and Industry (RIETI)

Abstract: This paper provides a summary of the invoice currency choice and the exchange rate risk management of Japanese overseas subsidiaries based on the questionnaire survey sent and responded in August 2010. Our survey results show that the growing overseas production and sales network promotes U.S. dollar invoicing rather than Japanese yen invoicing, especially in Asia. Regarding currency risk management, most of the Japanese overseas subsidiaries, particularly located in Asia, manage currency risk on the basis of their own judgment. Under the circumstance that the world economy faces a turning point, these findings will give us important insights into the desirable currency regime of Asian countries and also provide meaningful policy implications for possible monetary cooperation in the region.

Pages: 81 pages
Date: 2011-11
New Economics Papers: this item is included in nep-rmg and nep-sea
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.rieti.go.jp/jp/publications/dp/11j070.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eti:rdpsjp:11070

Access Statistics for this paper

More papers in Discussion Papers (Japanese) from Research Institute of Economy, Trade and Industry (RIETI) Contact information at EDIRC.
Bibliographic data for series maintained by TANIMOTO, Toko ().

 
Page updated 2021-06-09
Handle: RePEc:eti:rdpsjp:11070