Word: yen
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Dates: during 1950-1959
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...third daughter of Japan's Emperor Hirohito, and Takamasa Ikeda, 25, well-to-do dairy farmer and son of the former Marquis Ikeda, who gave up his title after World War II; in Tokyo. The Princess' marriage to a commoner stripped her of an annual 650,000 yen ($1,800) royal allowance. The Emperor was in bed with a cold but the Empress, with 30 members of the royal family, attended the ancient and austere Shinto ceremony...
...restaurants normally used by politicians to impress constituents. But it was not long before the politicians were getting around the rules. One candidate hit upon the idea of driving his hired car into a ditch every time he saw a group of farmers, then paying the farmers 100 yen each to haul him out, chatting all the while about himself and his platform. Police reported 972 violations of the election laws, including 473 cases of vote buying. Thirteen unsuccessful candidates were thrown into jail the day after the election. Among successful candidates still under .investigation are four members of crusty...
...their bills, figure the payrolls, keep charge accounts straight. They are operated by Eskimos in the Arctic Circle, by Fuzzy-wuzzies in Africa; they are packed by llamas in the Andes, by camel cart in Pakistan. And the machines ring up sales in shillings, drachmas, piasters, kroner, yen, francs and even Russian kopecks...
...profits rose, and the rise in Peace's stock helped to create more trading, in a kind of endless circle. As a result, Peace has become as much a bellwether for Tokyo traders as General Motors for the U.S. Since January, it has risen from 160 yen (about 44?) to as high...
Although some of Japan's big rises looked "manipulated," the market's buoyancy had other causes. While commodity prices soared after the war and the yen sank from a value of three to $1 to 360 to $1, occupation officials kept the listed "book values" of stocks at their low prewar levels. In 1950, "book values" were readjusted to meet the yen's inflation, and prices automatically shot...