Thorbecke, Willem; Kato, Atsuyuki - Asian Development Bank Institute, Asian Development Bank - 2011
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 the authors examine consumption exports. Using a panel dataset of Japan …