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 …

Japan using a sign restriction VAR model to determine whether a Japanese-style monetary policy can be implemented in Korea …. Results indicate considerable differences between Korea and Japan in their monetary policy transmission channels. Conventional … relatively well in Japan. However, in Korea, the interest rate channel is effective but has only a short-term effect on the …