Word: japanned
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...Other central banks are making similar calculations, although they are not moving as aggressively - yet. The Bank of Japan will terminate its purchases of corporate debt this December. The Bank of England is cutting back on a program to buy government bonds and commercial paper with newly created money. The European Central Bank is mulling an end to its 12-month loans to banks next year. "Not all our liquidity measures will be needed to the same extent as in the past," says ECB president Jean-Claude Trichet...
...against a basket of major currencies, including the euro and yen, has fallen about 15% from a three-year high reached in March and is now hovering near a 14-month low. Economists and analysts expect the dollar to lose a lot more ground. Daisuke Uno, chief strategist at Japan's banking giant Sumitomo Mitsui, believes the Japanese currency could strengthen to 50 yen to a dollar by 2011 (from around 90 today) due to continued weakness in the U.S. economy. Harvard historian Niall Ferguson says the dollar could slide by as much as 20% on a trade-weighted basis...
...complaints had all but vanished, however, by 1945, when V-J day prompted the most lavish ticker-tape parade in history. Revelers celebrating the Allied victory over Japan filled the air with cloth, feathers, hat trimmings, paper and confetti. On Aug. 14, 1945, 3,000 street sweepers worked through the night to clean it up, only to have their efforts undone when the merriment continued the next morning. All told, merrymakers flung 5,438 tons of material on New York City's streets...
...TIME's Japan covers...
...Since 2000, there's been such an increase in numbers of Australian jellyfish in the oxygen-depleted waters of the Gulf of Mexico that shrimpers have been forced to hang up their nets during the swarm season in the summer. In the nutrient-rich waters off the coast of Japan, where jellyfish can grow to the size of refrigerators, a nuclear power plant was forced to lower production in 2006 when a mass of the creatures clogged its cooling system...