EXCHANGE-RATES AND EXPORT PRICES OF JAPANESE MANUFACTURING

This paper examines pricing behavior of Japanese manufacturing. The pa per evaluates the extent of pass-through in export prices and the rela tive importance of pricing-to-market effect. The results show that Jap anese exporters respond to the exchange rate variations by slow pass-t hrough and also by price discriminate between domestic and foreign mar kets. In contrast, German pass-through in export prices is nearly comp lete. (C) Society for Policy Modeling, 1997.