01531cas a2200241 a 4500 AALejournalIMF000852 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451820515 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Japan : Background Papers. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (170 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Background Papers on Japan analyzes the recent movements of the yen from a long-term perspective. It reviews the movements in the real value of the yen during the post-war period. The paper highlights that movements in the Consumer Price Index (CPI)- and WPI-based real exchange rate are shown to be characterized by transitory deviations around stable time trends. The paper discusses potential explanations for the secular real appreciation of the yen. The paper also examines the tax reform issues in Japan. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1995/116 Full text available on IMF http://elibrary.imf.org/view/journals/002/1995/116/002.1995.issue-116-en.xml IMF e-Library