Faculty of Economics

Junko Shimizu

  (清水 順子)

Profile Information

Affiliation
Professor, Faculty of Economics, Department of Economics, Faculty of Economics Department of Economics, Gakushuin University
Degree
Ph.D. of Commerce(The Graduate School of Commerce and Management/Faculty of Commerce and Management)

J-GLOBAL ID
200901072100925914
researchmap Member ID
6000017772

Research Interests

 2

Misc.

 21
  • Kiyotaka Sato, Junko Shimizu, Nagendra Shrestha, Shajuan Zhang
    ASIAN ECONOMIC POLICY REVIEW, 8(2) 298-321, Dec, 2013  
    This paper constructs a new dataset of the industry-specific real effective exchange rate, based on the producer price indices, for Japan, China, and Korea on a monthly basis from January 2001 to February 2013 in order to provide a better indicator for export price competitiveness. By conducting simulation analysis, we found that Korean electrical machinery firms substantially improved their cost competitiveness by lowering their production costs during the Korean won appreciation period, while Japanese firms' large plant investment caused by management misjudgments led to excessive production capacity, which resulted in the deterioration of Japanese export competitiveness. A structural vector autoregression analysis also reveals that industry differences of cost competitiveness as well as nominal exchange rate changes have significant impact on export performances of Japan and Korea.
  • Keiko Ito, Junko Shimizu
    RIETI Discussion Paper 13-E-094, 2013  
  • Takatoshi Ito, Satoshi Koibuchi, Kiyotaka Sato, Junko Shimizu
    RIETI Discussion Paper 13-E-034, 2013  
  • Takatoshi Ito, Satoshi Koibuchi, Kiyotaka Sato, Junko Shimizu
    RIETI Discussion Paper 13-E-025, 2013  
  • Takatoshi Ito, Satoshi Koibuchi, Kiyotaka Sato, Junko Shimizu
    INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, 17(4) 305-320, Oct, 2012  
    The purpose of this paper is to identify determinants of currency invoicing among Japanese exporting firms with firm-level data, overcoming the usual limitation of data availability, by interviewing 23 representative Japanese firms in three industriesautomobile, electrical machinery and general machinery. Major findings are as follows. First, invoicing in the importer's currency is prevalent in exports to advanced countries, because most of exports by the globally operating firms are destined for local retail subsidiaries of respective firms, which conforms to the pricing-to-market behaviour discussed in the literature. Second, Japanese firms that export highly differentiated products or have a dominant share in the global market tend to invoice their exporting products in the yen both to advanced countries and to developing countries. Third, although Japanese firms have shifted their production bases to Asian countries, exports from Japan to these Asian production subsidiaries tend to be invoiced in US dollars as long as the final destination market is in the USA. Copyright (c) 2012 John Wiley & Sons, Ltd.

Books and Other Publications

 10

Presentations

 41