Three years have passed since the Bank of Japan’s asset purchase program was introduced in 2011, causing a sharp … decline in the value of the Japanese Yen. What would be the implications for Japan and Korea’s exporters if the weak Yen is … shocks. We find that if the weak Yen persists, it would strengthen Japan’s price competitiveness over time as export prices …

, financial integration is limited in Asia. This paper estimates how much Australia and other countries in the Asia-Pacific region …

-of financial integration in Asia. The third considers the implications of economic integration for the choice of the exchange rate …

the impact of China''s emergence on FDI flows to Asia using data from 14 Asian economies from 1984 to 2002. The results …China''s dramatic success in attracting foreign direct investment (FDI) has raised concerns that it has success … diverted FDI from other countries in Asia. We develop a new methodology to estimate crowding out, and we use it to investigate …

A cross-country comparative analysis shows that there is substantial room for further integration of China into global …, notably the foreign exchange market. Even though the increased integration of China into international capital markets would … increase its exposure to the global financial cycle, the costs in terms of monetary autonomy would not be large given China …

This paper draws out the parallels between Korea and Japan in terms of demographics, potential growth, balance sheets …, asset prices and inflation. Korea's demographic trends seem to track Japan's with a lag of about 20 years. Low productivity … reforms. While Korea's corporate balance sheets are stronger than Japan's in the early 1990s, Korea needs to progress with the …

also uses actual trade data between Japan and Indonesia and between Japan and Korea …