Few papers have tried to project how Chinese monetary policy will behave under flexible exchange rates. As Japan … provides an important role model for China, this paper studies the role of the yen/dollar exchange rate for Japanese monetary … policy after the shift of Japan from a fixed to a floating exchange rate regime. The econometric estimations allow for regime …

The paper measures income elasticities of demand for manufacturing imports in China since 1990 disaggregated by major … trading partners such as the US, Japan, Germany and rest of the EU. German exporters seem to have benefited from the hightest … chains and higher presence of foreign direct investment in China compared to partner countries responsible for the German …

Japan, Korea, and China, while at the same time illuminating the mechanism that has driven the narrowing in the productivity … is very small for Japanese firms. While the within-industry ranking of TFP levels hardly changes in the case of Japan … are approaching those of the national frontier firms at a more rapid pace than in Japan. …

at the height of their heavy and chemical industrialization during the 19th-to-the early 20th century. Japan too followed … suit in its drive to build up heavy industry and secure resources abroad. Most recently, China has entered such a growth …

constitute long-term appreciation expectations on yuan and yen, which have made China and Japan vulnerable to U.S. interest rate … cuts and appreciation expectation shocks. For both China and Japan – at different points of time – self-fulfilling runs …, speculative bubbles and post-bubble secular stagnation. To prevent a similar scenario for China capital controls, a tighter …

historical developments in Japan and South Korea. We derive plausible scenarios for future growth rates in China and (by …China has been growing at high rates during the previous three decades. The current process of rebalancing from an … rates. We show that China's current state of structural change in terms of sectoral employment shares is similar to the …