Monetary Policy and Global Competition
The dollar's recent sharp rise against the yen has intensified long-held concern about Japanese manufacturers' competitive edge in U.S. markets. Since March 1995, the dollar has appreciated about 35% against the yen, and many analysts anticipate further advances this year.
Suggested citation: “Monetary Policy and Global Competition,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-02, pp. 18, 02.01.1997.