The Japanese auto industry is used as a case in point to illustrate some of the ways in which firms operating in export markets cope with exchange-rate changes.

A discussion of the movement of Japanese auto production facilities to the United States, with emphasis on conditions in the Fourth Federal Reserve District and on growth of the just-in-time inventory supply process.

An illustration of the cost and employment effects of Japanese voluntary export restraints on new-car imports to the U.S.

A discussion of the price and quantity effects on the U.S. consumer of the Japanese auto industry's voluntary export restraint program.