Japan's Restrictive System of Trade and Payments : Operation, Effectiveness, and Liberalization, 1950-1964 »
Series: IMF Working Papers
Author(s): Shinji Takagi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 1997
Keywords: exchange controls, exchange restrictions, Japan&;amp;#x2019;s exchange rate system, foreign exchange, balance of payments, foreign exchange budget, exchange rate
The paper summarizes how Japan’s foreign exchange and trade control system operated in the early 1950s, how and how effectively it was used as a tool of external adjustment, and how it was liberalized from t...