The Large Scale Retail Store Law has been a feature of the Japanese distribution system in one form or another for almost 40 years. It has been viewed by critics as a form of non-tariff barrier and an impediment to imports. Others view the Large Scale Retail Store Law as just another part of a...

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...

The paper shows that currencies of countries with persistent current account surpluses and high foreign-currency denominated assets, such as the Swiss franc and the Japanese yen, are under persistent appreciation pressure, particularly when the centres of the world monetary system follow...