Japan : Background Papers

Author/Editor:

International Monetary Fund

Publication Date:

December 1, 1995

Summary:

This Background Papers on Japan analyzes the recent movements of the yen from a long-term perspective. It reviews the movements in the real value of the yen during the post-war period. The paper highlights that movements in the Consumer Price Index (CPI)- and WPI-based real exchange rate are shown to be characterized by transitory deviations around stable time trends. The paper discusses potential explanations for the secular real appreciation of the yen. The paper also examines the tax reform issues in Japan.

Series:

Country Report No. 95/116

Subject:

Notes:

This background paper on Japan was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Japan, or the Executive Board of the IMF. In releasing this document for public use, confidential material has been removed at the request of the member.

English

Publication Date:

December 1, 1995

ISBN/ISSN:

9781451820515/1934-7685

Stock No:

1JPNEA0021995

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

170

Please address any questions about this title to publications@imf.org