The Japanese Trade Balance: Recent History and Future Prospects / David K. Backus.

Format:

Book

Author/Creator:

Backus, David K.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w4553.

NBER working paper series no. w4553

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

The Japanese Trade Balance

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1993.

Summary:

I examine the evolution of the Japanese trade balance and its relation to the terms of trade and the value of the yen. Using a vector time series model, I predict that the trade surplus will fall from a high of 3.7 percent of GNP in late 1992 to about 2.6 percent in 1995. This relatively modest decline is an indication that relative prices are not the dominant factor influencing the Japanese trade balance.

Notes:

Print version record

November 1993.