Vývoj japonské měny po druhé světové válce

This Bachelor's thesis examines the development of the Japanese currency, the yen, from the post-war period of the 20th century up to the turn of the millennium. The aim is to analyse the key changes in the exchange rate of the Japanese yen in the context of economic policy, the international monetary system, and external economic influences that have significantly shaped the currency’s value. The development of the yen has been tracked on the basis of the JPY/USD currency pair. The thesis is structured into three main chapters, focusing on: the introduction of a fixed exchange rate of 360 JPY/USD and the subsequent transition to a floating exchange rate; the impact of international agreements such as the Plaza Accord; and, finally, the role of the Bank of Japan (BoJ) in steering monetary policy. An important aspect of the analysis is the link between the exchange rate and developments in the balance of payments, export performance, and the structural transformation of the Japanese economy. The paper’s findings indicate that the yen experienced a gradual appreciation trend during the second half of the 20th century, reaching as high as 100 JPY/USD by the turn of the millennium. This trajectory reflects the growing economic stability of Japan and its emergence as a strong, export-oriented player on the global stage. Understanding the yen’s evolution is key to grasping the current position of both the Japanese currency and economy in the global economic landscape.