With the strengthening of the yen against other currencies in 2012, Japans central bank did not take
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With the strengthening of the yen against other currencies in 2012, Japan’s central bank did not take any action. A Japanese politician called on the central bank to take actions to weaken the yen, saying it will help exporters in the short run and have no long-run effects.
a. What is Japan’s current exchange rate policy?
b. What does the politician want the exchange rate policy to be in the short run? Why would such a policy have no effect on the exchange rate in the long run?
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Solution a The Bank of Japan uses monetary policy to keep the value of the yen at about 8...View the full answer
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