Word: hayami
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Dates: during 1990-1999
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Since the U.S. economy remains basically strong, Treasury officials say the rising yen is Tokyo's issue. And they've convinced Japan's major trading partners of that, not to mention the government of Prime Minister Keizo Obuchi. Everyone, that is, except Masaru Hayami, chief of Japan's central bank, who late last month got into a public spat with Tokyo's powerful Ministry of Finance because the Bank of Japan refuses to lower interest rates or print money to bring the yen back to earth...