Publications

Others (2020‐)

1	Liu, Nan and Kiyotaka Sato, 2024. “Asymmetric Exchange Rate Pass-through between Unexpected Yen Appreciation and Depreciation: The case for Japanese machinery exports,” RIETI Discussion Paper Series 24-E-008.
2	Yoshimi, Taiyo, Uraku Yoshimoto, Kiyotaka Sato, Takatoshi Ito, Junko Shimizu, Yushi Yoshida, 2024. "Invoice Currency Choice in Intra-Firm Trade: A Transaction-Level Analysis of Japanese Automobile Exports," NBER Working Paper 32142.
3	Yoshida, Yushi, Junko Shimizu, Takatoshi Ito, Kiyotaka Sato, Taiyo Yoshimi, Uraku Yoshimoto, 2024. "Invoicing Currency Choice: Strategic Complementarities and Currency Matching," NBER Working Paper 32276.
4	Yoshimi, Taiyo, Uraku Yoshimoto, Takatoshi Ito, Kiyotaka Sato, Junko Shimizu, Yushi Yoshida, 2024. "Invoicing Currency and Exchange Rate Pass-Through in Japanese Imports: A Panel VAR Analysis," NBER Working Paper 32910.

1	Ito, Takatoshi, Satoshi Koibuchi, Kiyotaka Sato, Junko Shimizu, Taiyo Yoshimi, 2021. "The Dollar, the Yen, or the RMB? A Survey Data Analysis of Invoicing Currencies among Japanese Overseas Subsidiaries,” RIETI Discussion Paper Series 21-E-016.
2	Ito, Takatoshi, Satoshi Koibuchi, Kiyotaka Sato, Junko Shimizu and Taiyo Yoshimi, 2021. "The dollar, the yen, or the renminbi? Invoicing currency choices by Japanese overseas subsidiaries,” VoxEU.org, July 23.

1	Kawasaki, Kentaro and Kiyotaka Sato, 2020. "New Assessment of Economic Integration in East Asia: Application of Industry-Specific G-PPP Model,” RIETI Discussion Paper Series 20-E-091.
2	Sato, Kiyotaka, 2020. "Exchange Rate Management and Foreign Exchange Policy: Prospect for Asian Exchange Rate Policy after Global COVID-19 Crisis,” Invited speech at the Japan-IMF Macroeconomic Seminar for Asia (JIMS) 2020, Online, September 2.