In this paper, I find (1) that Japan showed massive and persistent current account surpluses from at least 1981 and … until at least 2011, (2) that Professor Ronald McKinnon was correct, at least in the case of Japan, and that these large and … persistent current account surpluses were due primarily to Japan's large and persistent IS imbalances (the excess of saving over …

Alarmed by the persistent and large US trade deficit vis-à-vis China and the rapidly swelling Chinese foreign exchange …. Thus, a moderate appreciation of the RMB would not equilibrate the bilateral trade flows or remedy current account …

experience of Japan. Exchange rate appreciation, or the threat of it, causes macroeconomic distress without having any … predictable effect on the trade surpluses of creditor economies. …

Three current account imbalances - one very large deficit (the United States) and two surpluses (Japan and the Euro … adjustment process that involves real depreciation in its exchange rate. For Japan, a little more than 1 percentage point (of GDP …

late 1970s and early 1980s. These changes were concurrent with a rapid rise in import competition from Japan. We assess the … impact of this trade shock on racial disparities using commuting zone level variation in exposure. We find it decreased black …

The aim of the paper is to show the history of economic relations between the European Union and Japan. This economy is … current economic cooperation will be shown through trade volume and foreign direct investment outflows from the European Union … to Japan. …

Expanding trade with East Asia’s "Big Three" economic giants—the People’s Republic of China (PRC), Japan, and the … quantitatively assess the different permutations of ASEAN’s free trade agreements (FTAs) with the Big Three (e.g., ASEAN–PRC, ASEAN–Japan … actively pursuing trade liberalization with the Big Three. The central objective of this paper is to qualitatively and …

vision, most noticeably in Asia, and has broadened the definition of its security interests. As a result, India-Japan … global partnership between them.India and Japan share a special relationship as fellow democracies without hegemonic … and future economic and population dynamics in both the countries mean that India-Japan relations will continue to improve …

excessive surpluses/deficits on the current accounts of the major countries that participate in international trade …