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Who Pulls the String of the Yo-Yo Yen?

In: The Yo-Yo Yen

Author

Listed:
  • Brendan Brown

Abstract

Does Washington or Tokyo pull the string of the yo–yo yen? That is the outstanding question from the history of the years 1971–87 covered in Chapter 2. Suppose there had been no buzz of concern from Washington about the size of Japan’s trade surplus, would the yen have pursued a much more stable path? The question is even more pertinent to the experience of 1988–2000, through the Bubble and into the Lost Decade, to be considered in the next two chapters.

Suggested Citation

  • Brendan Brown, 2002. "Who Pulls the String of the Yo-Yo Yen?," Palgrave Macmillan Books, in: The Yo-Yo Yen, chapter 3, pages 63-115, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-4039-0710-3_4
    DOI: 10.1057/9781403907103_4
    as

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