スポーツベットアイオー（Sportsbet.io）の遊び方

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 2021 RIETI Survey on Currency Risk Management and Invoice Currency Choice of Japanese Listed Manufacturing Firms Print Author Name ITO Takatoshi (Columbia University) / KOIBUCHI Satoshi (Chuo University) / SATO Kiyotaka (Yokohama National University) / SHIMIZU Junko (Gakushuin University) / YOSHIMI Taiyo (Chuo University) 　　　　 Creation Date/NO. January 2024 24-J-004 Research Project Exchange Rates and International Currency Download / Links Download paper [PDF:784KB] (Japanese) 　　　　 Abstract This paper reports the main results of the RIETI survey conducted in FY2021 regarding the choice of invoice currency and currency risk management efforts of Japanese exporters. We sent the questionnaire items to the 929 manufacturing companies that are engaged in overseas operations and listed on the Tokyo Stock Exchange (TSE). Based on the survey results, we report various aspects of respondent firms regarding the choice of invoice currency, currency risk management, and price revisions under exchange rate fluctuations. The main results are as follows. First, in terms of exports from Japan to the world, the share of the US dollar in exports by Japanese exporters remains around 50 percent while the share of the Japanese yen marginally increased to 41 percent; second, the share of other currencies, which mainly includes Asian currencies, reached 6 percent, and surpassed the share of the euro for the first time in our surveys; third, regarding currency risk management, the percentage of firms using currency risk hedging through the market, including currency forward contracts and currency options, significantly declined to 80 percent from above 90 percent in previous surveys; fourth, the survey confirms that firms are more reluctant to change their price when anticipating yen depreciation than when anticipating yen appreciation; and fifth, by using the data of invoice currency choice by destination, we observe a steep increase in the usage of Asian currencies in exports and imports, especially the Chinese yuan, Thai baht and Indian rupee. 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