01642cas a2200241 a 4500 AALejournalIMF010025 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451957273 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. External Adjustment and the Strong Yen : Recent Japanese Experience. Washington, D.C. : International Monetary Fund, 1988. 1 online resource (42 pages) IMF Working Papers <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 The parameters of a conventional model of Japan's current account were found to be stable in the period of the steeply rising yen between the fourth quarter of 1985 and the end of 1987. This suggests that Japan's current account has been adjusting to the strengthening yen in accordance with established historical relationships-a conclusion that is substantiated by the model's reasonably accurate tracking of the current account in this period. Furthermore, simulations of the model show that the rise in the yen has already made a substantial contribution to correcting Japan's external imbalance. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1988/075 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/075/001.1988.issue-075-en.xml IMF e-Library