IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-4039-0710-3_3.html
   My bibliography  Save this book chapter

A Brief History of the Modern Yen (1960–87)

In: The Yo-Yo Yen

Author

Listed:
  • Brendan Brown

Abstract

It was well into the miracle period of 1953–73, during which Japanese growth averaged near 10 per cent p.a., that the modern history of the yen begins. Only in 1963 did Japan become an ‘Article 8’ member of the International Monetary Fund (meaning Japanese residents could convert yen into foreign currencies for all trade transactions and non-residents could exchange yen deposits freely for whatever purpose) and in the following year a member of the OECD (Organization for Economic Cooperation and Development). Those landmark steps were the culmination of a process originating in 1960 when, in response to international criticism for moving slowly, an outline plan for trade and foreign exchange liberalisation was introduced (90 per cent of imports to be free of quota or other restrictions).

Suggested Citation

  • Brendan Brown, 2002. "A Brief History of the Modern Yen (1960–87)," Palgrave Macmillan Books, in: The Yo-Yo Yen, chapter 2, pages 30-62, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-4039-0710-3_3
    DOI: 10.1057/9781403907103_3
    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:978-1-4039-0710-3_3. 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.