Toshisada UtsunomiyaNew on SSRN: Impact of Japan’s Nuclear Shutdown on the Macroeconomy, 2011–2024 (ver.1.6).
🔗https://papers.ssrn.com/sol3/papers.cfm?abstract_id=6285758
Figure 1 (2011–2024): the trade balance moved into deep deficit as energy imports (light blue bars) remained elevated.
Figure 2 (indexed, 2011=100): the co-movement of USD/JPY and electricity prices illustrates the inflation pass-through mechanism discussed in the paper.
