The controversy over Japan's low manufactured imports

Edward J. Lincoln
Relative to other industrial countries, Japan continues to have very low levels of manufactured imports, a distinctive feature that has not been affected substantially by the high value of the yen since 1985. This aspect of Japan has been widely known by economists, but there is still substantial disagreement over the causes of the low level of imports. Can it be ascribed to implicitly protectionist behavior, or can it be explained by standard economic variables?...
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