| Project/Area Number |
22KF0097
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| Project/Area Number (Other) |
22F30729 (2022)
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| Research Category |
Grant-in-Aid for JSPS Fellows
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| Allocation Type | Multi-year Fund (2023)
Single-year Grants (2022) |
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| Section | 外国 |
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| Review Section |
Basic Section 07060:Money and finance-related
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| Research Institution | The University of Tokyo |
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Principal Investigator |
チン ユ 東京大学, 大学院新領域創成科学研究科, 教授 (00272394)
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| Co-Investigator(Kenkyū-buntansha) |
JIANG WENHUA 東京大学, 大学院新領域創成科学研究科, 外国人特別研究員
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| Project Period (FY) |
2023-03-08 – 2024-03-31
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| Project Status |
Completed (Fiscal Year 2023)
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| Budget Amount *help |
¥1,500,000 (Direct Cost: ¥1,500,000)
Fiscal Year 2023: ¥700,000 (Direct Cost: ¥700,000)
Fiscal Year 2022: ¥800,000 (Direct Cost: ¥800,000)
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| Keywords | Exchange rate / Chinese economy / Factor Analysis / Foreign currency rate / Sino-US exchange rate / Japan-US exchange rate / Complex Systems |
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| Outline of Research at the Start |
The research predicts Chinese-American exchange rate trends and offers insights on Japanese Yen using complex system approaches. It involves analyzing key factors, modeling significant factors, comparing historical events like the Plaza Accord and yen depreciation, and drawing conclusions.
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| Outline of Annual Research Achievements |
I use factor analysis as the primary analytical method for my research. Factor analysis is a statistical method used to analyze data from multiple variables to identify underlying factors or latent variables that explain the patterns in the data. On the basis of the results of previous year, I pick key economic indicators such as CPI, PPI, FDI, etc., as indices for Chinese economy. Results indicate that the most significant impact of fluctuations in the Sino-US exchange rate is on foreign direct investment (FDI), followed by the influence of currency, while the impact of inflation rates and producer price indices is minimal. This finding has certain implications for us in formulating financial and monetary policies. I plan to summarize and publish the results in an academic journal soon.
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