ボンズカジノ

This page uses Javascript. Please enable Javascript in your browser. Skip to Content Japanese English Chinese About RIETI Site Map Help Contact Discussion Papers Search Site Search Menu Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Projects Survey Fellows According to Title Alphabetical order RIETI Alumni Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles in Journals Research Digest Discussion Papers Search Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Events Symposiums Workshops BBL Seminars Archived Seminar Series Data JIP Database R-JIP Database CIP Database Industry-Specific Nominal and Real Effective Exchange Rates AMU and AMU Deviation Indicators JSTAR RIETI-TID RIETI FDI Database ICPA Project Links Articles Column Special Series Newspapers & Magazines Fellows' Works VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal (METI Journal) Research Areas Fellows Research/Policy Papers Publications Events Data Articles Site Map Technical Issues Coontact Discussion Papers Search Close HomeResearch/Policy PapersDiscussion Papers (Japanese)FY2023 Choice of Invoice Currency and Exchange Rate Risk Management: FY2022 questionnaire survey with Japanese overseas subsidiaries Print Author Name SATO Kiyotaka (Yokohama National University) / KOIBUCHI Satoshi (Chuo University) / ITO Takatoshi (Columbia University) / SHIMIZU Junko (Gakushuin University) / YOSHIMI Taiyo (Chuo University) 　　　　 Creation Date/NO. January 2024 24-J-002 Research Project Exchange Rates and International Currency Download / Links Download paper [PDF:1.1MB] (Japanese) 　　　　 Abstract This study presents summary results from the FY2022 RIETI Questionnaire Survey where 22,529 Japanese overseas subsidiaries were surveyed. Our main findings based on survey answers from 1,390 respondent firms are as follows: First, in intra-firm trade between Japanese subsidiaries operating in Asia and Japanese head offices, the Asian currencies including renminbi (RMB) are often used as invoice currency, but the share of Asian currency-invoiced trade did not increase compared to the result of the FY2018 Survey. Second, RMB-invoiced transactions grow only in intra-firm trade with Japanese head offices. Intriguingly, RMB is not commonly used in intra-Asian trade: while other Asian currencies are more commonly used. Third, Japanese sales subsidiaries tend to have large currency mismatches between procurements of products invoiced in yen and the US dollar, and sales of products invoiced in local currencies, which calls for efficient foreign exchange risk management of Japanese subsidiaries. Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009 FY2008 FY2007 FY2006 FY2005 FY2004 Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles Published in Peer-reviewed Academic Journals Research Digest Links Discussion Papers Search Communications Newsletter RSS Feed Facebook X YouTube Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Projects Survey Fellows Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles in Journals Research Digest Discussion Papers Search Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Events Symposiums Workshops BBL Seminars Archived Seminar Series Data JIP Database R-JIP Database CIP Database Industry-Specific Nominal and Real Effective Exchange Rates AMU and AMU Deviation Indicators JSTAR RIETI-TID RIETI FDI Database ICPA Project Links Articles Column Special Series Newspapers & Magazines Fellows' Works VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal (METI Journal) About RIETI Privacy Policy Site Policy Site Map Help Contact METI Web Site Research Institute of Economy, Trade and Industry, IAA (JCN 6010005005426)JCN: Japan Corporate Number Opinions expressed or implied on this website are solely those of the author, and do not necessarily represent the views of the Research Institute of Economy, Trade and Industry (RIETI).Titles, numbers, specific names, etc. on this website are as of the date of publication. In the case of reposting material from our website, contact us beforehand. Top