History of the Yen

History of the Yen PDF Author: Hiroshi Shinjō
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 226

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Book Description

History of the Yen

History of the Yen PDF Author: Hiroshi Shinjō
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 226

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Book Description


Princes of the Yen

Princes of the Yen PDF Author: Richard Werner
Publisher: Routledge
ISBN: 131746219X
Category : Education
Languages : en
Pages : 384

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Book Description
This eye-opening book offers a disturbing new look at Japan's post-war economy and the key factors that shaped it. It gives special emphasis to the 1980s and 1990s when Japan's economy experienced vast swings in activity. According to the author, the most recent upheaval in the Japanese economy is the result of the policies of a central bank less concerned with stimulating the economy than with its own turf battles and its ideological agenda to change Japan's economic structure. The book combines new historical research with an in-depth behind-the-scenes account of the bureaucratic competition between Japan's most important institutions: the Ministry of Finance and the Bank of Japan. Drawing on new economic data and first-hand eyewitness accounts, it reveals little known monetary policy tools at the core of Japan's business cycle, identifies the key figures behind Japan's economy, and discusses their agenda. The book also highlights the implications for the rest of the world, and raises important questions about the concentration of power within central banks.

History of the Yen

History of the Yen PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 205

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Dollar and Yen

Dollar and Yen PDF Author: Ronald I. McKinnon
Publisher: MIT Press
ISBN: 9780262133357
Category : Business & Economics
Languages : en
Pages : 288

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Book Description
Dollar and Yen analyzes the friction between the United States and Japan from the viewpoint of exchange rate economics. From the mid-1950s to the early 1990s, Japan grew faster than any other major industrial economy, displacing the United States in dominance of worldwide manufacturing markets. In the 1970s and 1980s, many books appeared linking the apparent decline of the United States in the world economy to unfair Japanese practices that closed the Japanese market to a wide range of foreign goods. Dollar and Yen analyzes the friction between the United States and Japan from the viewpoint of exchange rate economics. The authors argue against the prevailing view that the trade imbalance should be corrected by dollar depreciation, saying that adjustment through the exchange rate is both ineffective and costly. Stepping outside the traditional dichotomy between international trade and international finance, they link the yen's tremendous appreciation from 1971 to mid-1995 to mercantile pressure from the United States arising from trade tensions between the two countries. Although sometimes resisted by the Bank of Japan, this yen appreciation nevertheless forced unwanted deflation on the Japanese economy after 1985--resulting in two major recessions (endaka fukyos). The authors argue for relaxing commercial tensions between the two countries, and for limiting future economic downturns, by combining a commercial compact for mutual trade liberalization with a monetary accord for stabilizing the yen-dollar exchange rate.

The Japanese Yen as an International Currency

The Japanese Yen as an International Currency PDF Author: Mr.George S. Tavlas
Publisher: International Monetary Fund
ISBN: 1451930992
Category : Business & Economics
Languages : en
Pages : 61

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Book Description
The role of the Japanese yen as an international currency is assessed. It is found that the determinants of international-currency use imply some increase for the yen’s use in international finance; however, the implications for the yen’s use in international trade are mixed. It is also shown that, despite Japan’s emergence as the world’s largest net creditor nation, Japan’s capital outflows have not significantly facilitated the yen’s internationalization. Data are presented showing that, although the yen’s use as an international currency has increased, it is still rather modest. Wider use of the yen as a regional currency in Asia has occurred, though a “yen-zone” does not appear to be emerging.

The History of Japanese Paper Currency (1868-1890)

The History of Japanese Paper Currency (1868-1890) PDF Author: Masayoshi Takaki
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 96

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Destined to Fail?

Destined to Fail? PDF Author: U-sik Mun
Publisher: KIEP
ISBN:
Category : East Asia
Languages : en
Pages : 56

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Book Description
The formation of the yen bloc did not result in the economic and monetary integration of East Asian economies. Rather, it led to the increasing disintegration of East Asian economies. Compared to Japan, Asian regions and countries had to suffer from higher inflation. In fact, the farther the countries were away from Japan, the more their central banks had to print money and the higher their inflation was. Moreover, the income gap between Japan and other Asian countries widened. This means that the regionalization centered on the Japanese yen was destined to fail, suggesting that the Co-prosperity Area was nothing but a strategy of regional dominance, not of regional cooperation. The impact was quite long lasting, and it still haunts East Asian countries, contributing to the nourishment of their distrust vis-à-vis Japan, and throws a shadow on recent monetary and financial cooperation movements in East Asia. This experience highlights the importance of responsible actions on the part of leading countries to boost regional solidarity and cohesion for the viability and sustainability of a regional monetary system.

Japan to 1600

Japan to 1600 PDF Author: William Wayne Farris
Publisher: University of Hawaii Press
ISBN: 0824833791
Category : History
Languages : en
Pages : 250

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Book Description
Japan to 1600 surveys Japanese historical development from the first evidence of human habitation in the archipelago to the consolidation of political power under the Tokugawa shogunate at the beginning of the seventeenth century. It is unique among introductory texts for its focus on developments that impacted all social classes rather than the privileged and powerful few. In accessible language punctuated with lively and interesting examples, William Wayne Farris weaves together major economic and social themes. The book focuses on continuity and change in social and economic structures and experiences, but it by no means ignores the political and cultural. Most chapters begin with an outline of political developments, and cultural phenomena—particularly religious beliefs—are also taken into account. In addition, Japan to 1600 addresses the growing connectedness between residents of the archipelago and the rest of the world. Farris describes how the early inhabitants of the islands moved from a forager mode of subsistence to a more predominantly agrarian base, supplemented by sophisticated industries and an advanced commercial economy. He reveals how the transition to farming took place over many centuries as people moved back and forth from settled agriculture to older forager-collector regimes in response to ecological, political, and personal factors. Economics influenced demographics, and, as the population expanded, the class structure became increasingly complex and occupational specialization and status divisions more intricate. Along with this came trends toward more tightly knit corporate organizations (village, city, market, family), and classes of servants, slaves, and outcastes formed. In reflecting the diversity of traditional Japan’s economy and society, Japan to 1600 is well suited for both undergraduate and graduate courses and will be a welcome introduction to Japan’s early history for scholars and students of other disciplines and regions.

Engaging Japanese Philosophy

Engaging Japanese Philosophy PDF Author: Thomas P. Kasulis
Publisher: University of Hawaii Press
ISBN: 0824873831
Category : Philosophy
Languages : en
Pages : 785

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Book Description
Philosophy challenges our assumptions—especially when it comes to us from another culture. In exploring Japanese philosophy, a dependable guide is essential. The present volume, written by a renowned authority on the subject, offers readers a historical survey of Japanese thought that is both comprehensive and comprehensible. Adhering to the Japanese philosophical tradition of highlighting engagement over detachment, Thomas Kasulis invites us to think with, as well as about, the Japanese masters by offering ample examples, innovative analogies, thought experiments, and jargon-free explanations. He assumes little previous knowledge and addresses themes—aesthetics, ethics, the samurai code, politics, among others—not in a vacuum but within the conditions of Japan’s cultural and intellectual history. For readers new to Japanese studies, he provides a simplified guide to pronouncing Japanese and a separate discussion of the language and how its syntax, orthography, and linguistic layers can serve the philosophical purposes of a skilled writer and subtle thinker. For those familiar with the Japanese cultural tradition but less so with philosophy, Kasulis clarifies philosophical expressions and problems, Western as well as Japanese, as they arise. Half of the book’s chapters are devoted to seven major thinkers who collectively represent the full range of Japan’s historical epochs and philosophical traditions: Kūkai, Shinran, Dōgen, Ogyū Sorai, Motoori Norinaga, Nishida Kitarō, and Watsuji Tetsurō. Nuanced details and analyses enable an engaged understanding of Japanese Buddhism, Confucianism, Shintō, and modern academic philosophy. Other chapters supply social and cultural background, including brief discussions of nearly a hundred other philosophical writers. (For additional information, cross references to material in the companion volume Japanese Philosophy: A Sourcebook are included.) In his closing chapter Kasulis reflects on lessons from Japanese philosophy that enhance our understanding of philosophy itself. He reminds us that philosophy in its original sense means loving wisdom, not studying ideas. In that regard, a renewed appreciation of engaged knowing can play a critical role in the revitalization of philosophy in the West as well as the East.

A History of Yen Exchange Rates

A History of Yen Exchange Rates PDF Author: James R. Lothian
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
The history of Japanese exchange rates, though short by British or American standards, is exceedingly rich, both from the standpoint of variation in the data and in the institutions governing exchange rate arrangements and Japanese monetary conditions. This paper reviews that history and traces the evolution of yen-dollar and yen-sterling exchange rates to indexes of purchasing power parity, and it investigates the links among exchange-rate regimes, exchange rates themselves and other macroeconomic variables. Two conclusions emerge: (1) Purchasing power parity - at least in relative form - held remarkably well for the yen over the longer run. (2) The variability of real yen exchange rates under the current float does not, in fact, differ greatly from the often substantial and largely self-reversing movements observed historically.