prefectures. Furthermore, the intra-Japan Penn effect is driven essentially by prices of nontradables. The effect is also found … within Japan, we find that the measures of sectoral productivity do not behave in the way suggested by the Balassa …

In this paper, we investigate changes in the impacts of world crude oil prices on domestic prices in Japan. First, we …

dynamic effects of each component on industry-level production and prices in the U.S. and Japan using identified VAR models … to the global oil market act mainly as negative supply shocks. In Japan, the oil-specific demand shocks as well as the …