JAPANESE RESEARCH ›› 2017, Vol. 31 ›› Issue (6): 1-11.DOI: 10.14156/j.cnki.rbwtyj.2017.06.001

• Original Paper •     Next Articles

Empirical Study on Influences of Effectiveness of Yen Internationalization towards Japan’s Monetary Policy

SUN Li 1, WANG Xia 2   

  1. 1. School of International Studies, Liaoning University, Shenyang, Liaoning, 110036; 2. Organizational Department, JiaoZhou Municipal Party Committee, Jiaozhou,Shandong, 266300,China
  • Received:2017-11-21 Online:2007-12-25 Published:2007-12-25

Abstract: The monetary policy is an important macrocontrol tool of one country. The currency internationalization has a huge influence upon the effectiveness of a country's monetary policy and a country's macroeconomic situation. By analyzing both the output and price effects of Yen internationalization and using VAR model, this paper makes a theoretical and empirical analysis on the relationship between the Yen internationalization and monetary policy. This brings certain inspiration to RMB internationalization.

Key words: Yen internationalization, effectiveness of monetary policy, output effect, price effect

CLC Number: