At the time of this article the Japanese government produced estimates that a 10% appreciation in the yen versus the dollar exchange rate would reduce total export growth by the equivalent of 0.8% of...

At the time of this article the Japanese government produced estimates that a 10% appreciation in the yen versus the dollar exchange rate would reduce total export growth by the equivalent of 0.8% of gross domestic product (GDP). Estimate the adverse impact on Japanese GDP growth caused by the 8% rise in the yen against the dollar in the first quarter of 2008.