The Syndrome of the Ever-Higher Yen, 1971-1995: American Mercantile Pressure on Japanese Monetary Policy

Ronald McKinnon, Kenichi Ohno, and Kazuko Shirono, Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy Issues (University of Chicago Press, 1999), chap. 13, https://www.nber.org/books-and-chapters/changes-exchange-rates-rapidly-developing-countries-theory-practice-and-policy-issues/syndrome-ever-higher-yen-1971-1995-american-mercantile-pressure-japanese-monetary-policy.