Recently, the calls for closer monetary co-operation between the Asian NICs and Japan have been becoming louder. The following article discusses the pros and cons of pegging to the yen and compares them with those of a basket peg.

Japan's direct investments have become an important factor in the economic reality of South East Asia. The following article gives a structural description of the present state of Japanese direct investment in this region.

Practically all the governments of countries in South East Asia have observed with close attention, and in some cases with deep mistrust and concern, recent developments of Japan’s foreign and foreign trade policies. Memories of the Imperlalist period of the Japanese Empire are still...

In this research project, we attempt to examine the behavior of business cycles in Asia in order to deepen our understanding of and expand research on this topic. Given the importance of the People’s Republic of China, Japan, and the United States in the region economy, we use these three...

Expanding trade with East Asia’s "Big Three" economic giants - the People's Republic of China (PRC), Japan, and the Republic of Korea - offers a new potential source of growth for ASEAN in the post-global-crisis period. In fact, ASEAN has been actively pursuing trade liberalization with the...

What kind of technical assistance and capacity building benefits do developing countries enjoy if they sign a free trade agreement (FTA) with developed countries? This is a frequently asked question among developing country officials involved in FTA policymaking. While we tend to normatively...

The role of the People’s Republic of China (PRC) in East Asia’s recovery from the recent global financial and economic crisis highlighted the PRC’s growing role as an engine of growth for the region. From the viewpoint of the PRC, there are many potential gains from entering into free...

"Possibilities of a regional structural policy in industrial states as demonstrated by the example of the Federal Republic of Germany". This was the subject of the main lecture which Senator Kern delivered on Dec. 20, 1972, in the course of his tour of Japan in Tokio at the Keidanren, the most...