IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-34820-2_14.html
   My bibliography  Save this book chapter

Regulation, Quality Adjustment, and Relative Price Changes: The Case of the Yen Appreciation Shock of 1985

In: Positive and Normative Analysis in International Economics

Author

Listed:
  • Kaku Furuya

Abstract

One of the best-known events in the post-war economic history of Japan is the sharp appreciation of the yen in the mid-1980s. The dollar– yen exchange rate, which had been hovering around ¥240/$ during the early 1980s (between the inauguration of the Reagan Administration in January 1981 and the Plaza Agreement in September 1985), tumbled to ¥122/$ in December 1987, almost doubling the yen’s value in two years. (See Figure13.1.) Both the magnitude and speed of appreciation were unprecedented, whose record has not been broken until now.1

Suggested Citation

  • Kaku Furuya, 2012. "Regulation, Quality Adjustment, and Relative Price Changes: The Case of the Yen Appreciation Shock of 1985," Palgrave Macmillan Books, in: Murray C. Kemp & Hironobu Nakagawa & Tatsuya Uchida (ed.), Positive and Normative Analysis in International Economics, chapter 13, pages 221-236, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-34820-2_14
    DOI: 10.1057/9780230348202_14
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-34820-2_14. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.