Takagi, Shinji; Shi, Zongying - In: Japan and the World Economy 23 (2011) 4, pp. 265-272
The paper estimates the impact of exchange rate movements on foreign direct investment (FDI). By using the panel data of Japanese FDI flows to nine dynamic Asian economies during 1987–2008, the paper finds that (i) FDI declined with a depreciation of the yen against host country currencies;...
