During the 1990s the Japanese yen proved astonishingly strong despite the persisting recession. This paper tracks the … origins of the high yen. It analyses the influence of interest rates, prices and foreign exchange policy on the yendollar …. Since prices have been exerting their influence on the Japanese currency in the long run, the high yen is explained with …

During the 1990's the Japanese yen proved astonishingly strong despite the persisting recession. This paper tracks the … origins of the high yen. It analyses the influence of interest rates, prices and foreign exchange policy on the yen …. Since prices have been exe rting their influence on the Japanese currency in the long-run, the high yen is explained with …