The Political Economy of Japanese Monetary and Exchange Rate Policy

Main author: Volz, Ulrich
Other authors: Fujimura, Manabu
Format: Journal Article           
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id eprints-15884
recordtype eprints
institution SOAS, University of London
collection SOAS Research Online
language English
language_search English
description This study analyzes the political economy of Japanese monetary and exchange rate policy, with particular emphasis on the Japanese position regarding East Asian monetary cooperation and integration. We try to disentangle the factors and interest structures behind the polices taken in order to infer how the Japanese position regarding regional monetary cooperation might evolve over time. The analysis shows that while the current incentive structure within the Japanese economic and political system gives little room for a far reaching commitment of the Japanese government to engage in regional monetary cooperation, a further integration of the Japanese economy into the regional economy and a growing dependency on the East Asian market are likely to shift the equilibrium in favor of regional cooperation.
format Journal Article
author Volz, Ulrich
author_facet Volz, Ulrich
Fujimura, Manabu
authorStr Volz, Ulrich
author_letter Volz, Ulrich
author2 Fujimura, Manabu
author2Str Fujimura, Manabu
title The Political Economy of Japanese Monetary and Exchange Rate Policy
publishDate 2009
url https://eprints.soas.ac.uk/15884/