Managing currency risk : how Japanese firms choose invoicing currency The yen is now one of the major currencies freely traded in the world and yet many Japanese exporters take on a currency risk by invoicing in US dollars. In this book the authors examine why this is the case particularly for those exporters who have a strong presence in global markets. Managing Currency Risk enhances our understanding of exporters behaviour by analysing the key factors that influence their choice of invoice currency. Detailed research based on unique data sets is used to highlight how firm size product competitiveness intra inter firm trade and the geography of export destination impact this decision. This book is a valuable resource for international finance researchers and political economists wishing to discover up to date information regarding currency invoicing by multinational firms. It will also be a vital tool for financial and governmental practitioners to discover more about their competitors behaviour Contents: 1. Introduction 2. Choice of invoice currency in Japanese trade: industry and commodity level analysis 3. Findings from interviews with globally operating Japanese firms 4. Analysis of questionnaire surveys on head offices 5. Exchange rate risk management in Japanese firms 6. Invoice currency choice in global production and sales networks 7. Invoicing currency and yen internationalization References Index.