Yen Appreciation Squeezes Japan's Exporters, Distorts Domestic Prices
The article explores how the strong yen affected prices in Japan from 1985 to 1994. It focuses on how prices of goods for export, import, and domestic use changed in different sectors. The researchers found that some industries, like iron & steel and chemicals, lowered their export prices when the yen got stronger, but didn't lower domestic prices much. This suggests that these industries adjust their prices based on market conditions.