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Japan: Background Papers
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1995: Issue 116
Language:
English
Publication Date:
01 Dec 1995
DOI:
https://doi.org/10.5089/9781451820515.002
ISBN:
9781451820515
ISSN:
1934-7685
Pages:
170
Keywords:
ISCR; CR; exchange rate; output gap; price level; purchase price; nominal exchange rate; export price; market share; consumer surplus; business cycle; production function; Agricultural commodities; Income; Personal income; Agricultural sector; Global
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This Background Papers on Japan analyzes the recent movements of the yen from a long-term perspective. It reviews the movements in the real value of the yen during the post-war period. The paper highlights that movements in the Consumer Price Index (CPI)- and WPI-based real exchange rate are shown to be characterized by transitory deviations around stable time trends. The paper discusses potential explanations for the secular real appreciation of the yen. The paper also examines the tax reform issues in Japan.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund