The rapid growth of the Japanese economy since the end of World War Two has sharply increased Japan’s weight in the world economy as measured, for example, by its proportions of world GDP, trade and capital movements. Japan has also emerged as the world’s largest net creditor country, having accumulated sizable current account surpluses in the second half of the 1980s and early 1990s. As a result the Japanese yen has appreciated dramatically since the mid-1980s.
Weitere Kapitel dieses Buchs durch Wischen aufrufen
- The Japanese Yen as an International Currency: Performance and Prospects
- Springer US
- Chapter 11
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