Advanced Search
MyIDEAS: Login

Devaluation and Exports in Interwar Japan: The Effects of Sharp Depreciation of the Yen in the Early 1930s

Contents:

Author Info

  • Hatase, Mariko

    (Institute for Monetary & Econ Studies, Bank of Japan)

Registered author(s):

    Abstract

    Exports are often regarded as the driving force of Japanese economic recovery in the 1930s. This paper focuses on the background of export recovery and the effects of exchange rate depreciation on the export expansion at that time. A detailed examination of the export recovery process during the 1930s reveals that the main export items and destinations changed considerably over time. This paper attempts to verify the effects of relative price decreases caused by exchange rate depreciation upon export expansion for different industries, destinations, and periods. The United States, India, and Korea are selected as destinations of Japanese export products, namely, raw silk, cotton fabrics, and heavy industrial and chemical products. Empirical analyses are conducted to measure the effects of exchange rate depreciation and income effects on exports to these different destinations. The results suggest that factors influencing real exports differ significantly from destination to destination, and that the effects of devaluation were thus not identical on exports to all destinations.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.imes.boj.or.jp/research/papers/english/me20-3-5.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by Institute for Monetary and Economic Studies, Bank of Japan in its journal Monetary and Economic Studies.

    Volume (Year): 20 (2002)
    Issue (Month): 3 (October)
    Pages: 143-180

    as in new window
    Handle: RePEc:ime:imemes:v:20:y:2002:i:3:p:143-180

    Contact details of provider:
    Postal: 2-1-1 Nihonbashi, Hongoku-cho, Chuo-ku, Tokyo 103
    Phone: +81-3-3279-111
    Fax: +81-3-3510-1265
    Email:
    Web page: http://www.imes.boj.or.jp/
    More information through EDIRC

    Related research

    Keywords:

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ime:imemes:v:20:y:2002:i:3:p:143-180. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kinken).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.