Home Economy The Myth of U.S. Dollar Dominance in Japanese Exports: New Evidence from Japanese Customs Level Data
The Myth of U.S. Dollar Dominance in Japanese Exports: New Evidence from Japanese Customs Level Data
Uraku Yoshimoto, Kiyotaka Sato, Takatoshi Ito, Junko Shimizu, Yushi Yoshida & Taiyo Yoshimi in this NBER article: While Japanese exports are generally considered invoiced mainly in U.S. dollars (USD), this study presents contrary evidence that most Japanese firms choose yen-invoiced exports. Surprisingly, only the top one percent of firms in size tend to choose USD-invoiced exports, based on the Japan Customs […]
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