Word: ogasawara
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Dates: during 2000-2009
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...Satoru Ogasawara, economist for Credit Suisse in Tokyo who covers foreign exchange, expects the yen to advance to 85 to the dollar within three months and to 83 over the next year. Intervention, he says, will come at the 85-level, but even then it is difficult to predict what will happen. "What we're seeing is the unwinding of the yen carry trade," says JPMorgan Chase's Sasaki, referring to the practice of buying low-interest yen and investing it in high-yield currencies. "It's a very strong and powerful movement and it's difficult to stop...
...fact, sperm whales are the main predators of giant squid, and the Japanese found the squid by following the whales off the Ogasawara islands, about 1,000 km south of Tokyo. Starting in 2002, the team searched for squid in the area for around two weeks every year, lowering into the waters a digital camera and weighted hooks baited with common squid and mashed shrimp. Depth mattered: the giant squid were believed to live about 1,000 m down. "At that point, our squid-watching turned unmistakably into squid-hunting," says Kubodera. No squid took the bait until Sept...