Author(s): Tamim Bayoumi , Guy Meredith , and Bijan Aghevli
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 09 June 1998
Keywords: fdi, exchange rate, inflation, monetary policy, real exchange rate
The debate about the impact of Japan’s foreign direct investment (FDI) has largely focused on whether the economy is “hollowing out.” The surge in outward Japanese FDI over the last decade, together with the...