Title: Analysis on the Significance of the Reform of Exchange Rate of Japan for China——Based on the Relative Analysis on the Japan's GDP and Exchange Rate
Abstract:Japan adopted a new foreign exchange rate system which is called floating exchange since 1970,and then raised the value of Yen against US dollar under the pressure of great power headed by United Stat...Japan adopted a new foreign exchange rate system which is called floating exchange since 1970,and then raised the value of Yen against US dollar under the pressure of great power headed by United States.China which has a sustainable trade surplus is now faced the same situation as Japan.According to the analysis of the relations between Japan's GDP and exchange rate level after implementing the new foreign exchange rate system,we establish regression model based on residual error,analyze the experience and lesson of Japan's exchange rate policy after 1970 and get the significance for China.Read More
Publication Year: 2010
Publication Date: 2010-01-01
Language: en
Type: article
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