Exchange Rate Pass-Through into Japanese Import Prices: Evidence at Both Bilateral and Product Levels

This study investigates the degree of the exchange rate pass-through to Japanese bilateral import prices at the product level for major Japan's trading partners (US, EU, and Asian NIEs) for a period (1998:1-2010:12) dubbed as Japan's lost decade and marked by a gradual the exchange rate ap...

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Autores principales:	Channary Khun, Sokchea Lim, Hem Basnet
Formato:	article
Lenguaje:	EN
Publicado:	Pompea College of Business 2021
Materias:	exchange rate pass-through japanese bilateral import prices Business HF5001-6182
Acceso en línea:	https://doaj.org/article/3c6df52f31d64bf3b17e2e442616ef6c
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spelling	oai:doaj.org-article:3c6df52f31d64bf3b17e2e442616ef6c2021-11-16T19:15:08ZExchange Rate Pass-Through into Japanese Import Prices: Evidence at Both Bilateral and Product Levels10.37625/abr.24.2.115-1320743-23482689-8810https://doaj.org/article/3c6df52f31d64bf3b17e2e442616ef6c2021-11-01T00:00:00Zhttps://digitalcommons.newhaven.edu/americanbusinessreview/vol24/iss2/6/https://doaj.org/toc/0743-2348https://doaj.org/toc/2689-8810This study investigates the degree of the exchange rate pass-through to Japanese bilateral import prices at the product level for major Japan's trading partners (US, EU, and Asian NIEs) for a period (1998:1-2010:12) dubbed as Japan's lost decade and marked by a gradual the exchange rate appreciation against the US dollar. By considering both country and product dimensions in a unified framework, this study makes one of the first attempts to analyze the responsiveness of Japanese import prices to exchange rate movement. The empirical analysis suggests a declining exchange rate pass-through to Japanese import prices at the bilateral level in some product categories but increasing in others. However, we find no evidence of the changes in exchange rate pass-through for manufacturing, machinery, and overall product level for each of these partners. Our finding sheds light on the recent decline in exchange rate pass-through to Japanese multilateral import prices and helps calibrate its trade relationship with its partner countries.Channary KhunSokchea LimHem BasnetPompea College of Businessarticleexchange rate pass-throughjapanese bilateral import pricesBusinessHF5001-6182ENAmerican Business Review, Vol 24, Iss 2, Pp 115-132 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	exchange rate pass-through japanese bilateral import prices Business HF5001-6182
spellingShingle	exchange rate pass-through japanese bilateral import prices Business HF5001-6182 Channary Khun Sokchea Lim Hem Basnet Exchange Rate Pass-Through into Japanese Import Prices: Evidence at Both Bilateral and Product Levels
description	This study investigates the degree of the exchange rate pass-through to Japanese bilateral import prices at the product level for major Japan's trading partners (US, EU, and Asian NIEs) for a period (1998:1-2010:12) dubbed as Japan's lost decade and marked by a gradual the exchange rate appreciation against the US dollar. By considering both country and product dimensions in a unified framework, this study makes one of the first attempts to analyze the responsiveness of Japanese import prices to exchange rate movement. The empirical analysis suggests a declining exchange rate pass-through to Japanese import prices at the bilateral level in some product categories but increasing in others. However, we find no evidence of the changes in exchange rate pass-through for manufacturing, machinery, and overall product level for each of these partners. Our finding sheds light on the recent decline in exchange rate pass-through to Japanese multilateral import prices and helps calibrate its trade relationship with its partner countries.
format	article
author	Channary Khun Sokchea Lim Hem Basnet
author_facet	Channary Khun Sokchea Lim Hem Basnet
author_sort	Channary Khun
title	Exchange Rate Pass-Through into Japanese Import Prices: Evidence at Both Bilateral and Product Levels
title_short	Exchange Rate Pass-Through into Japanese Import Prices: Evidence at Both Bilateral and Product Levels
title_full	Exchange Rate Pass-Through into Japanese Import Prices: Evidence at Both Bilateral and Product Levels
title_fullStr	Exchange Rate Pass-Through into Japanese Import Prices: Evidence at Both Bilateral and Product Levels
title_full_unstemmed	Exchange Rate Pass-Through into Japanese Import Prices: Evidence at Both Bilateral and Product Levels
title_sort	exchange rate pass-through into japanese import prices: evidence at both bilateral and product levels
publisher	Pompea College of Business
publishDate	2021
url	https://doaj.org/article/3c6df52f31d64bf3b17e2e442616ef6c
work_keys_str_mv	AT channarykhun exchangeratepassthroughintojapaneseimportpricesevidenceatbothbilateralandproductlevels AT sokchealim exchangeratepassthroughintojapaneseimportpricesevidenceatbothbilateralandproductlevels AT hembasnet exchangeratepassthroughintojapaneseimportpricesevidenceatbothbilateralandproductlevels
_version_	1718426098560139264

Exchange Rate Pass-Through into Japanese Import Prices: Evidence at Both Bilateral and Product Levels

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