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Currencies of countries with persistent current account surpluses and high foreign currency denominated assets such as the Swiss franc and Japanese yen are under a persistent appreciation pressure, what restricts the degree of freedom in the choice of exchange rate regime. Official announcements...
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The contributors to this book, from the US and Japan, explore the main issues involved in the international trade …, foreign direct investment, and macro/financial relations of the United States and Japan and provide guidance to policymakers … for measures to help overcome Japan's economic stagnation since the early 1990s. The book is divided into three parts …
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