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November, 1988, Vol. 111, No. 11

Damage control: yen appreciation
and the Japanese labor market

Glen Halm
Area adviser, Far East and Pacific, Bureau of International Labor Affairs, U.S. Department of Labor

Clinton R. Shiells
International economist, Bureau of International Labor Affairs, U.S. Department of Labor

The strong yen induced firms to reduce labor costs and restructure some export-oriented industries, but had minimal effect on unemployment. 

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