Word: yen
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Dates: during 1970-1979
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Last week new charges of Korean atrocities were reviewed. A Lower House Deputy, Nguyen Cong Hoang, one of the representatives of Phu Yen province, had prompted an official investigation several weeks ago into a My Lai-type massacre that reportedly occurred in his province on July 31. On that day, troops of the First Battalion of the "Tiger" Division's 26th Regiment were conducting a mopping-up operation. As the troops passed near Phu Long hamlet, they were fired upon by small arms. A platoon leader and a sergeant were killed. The Koreans dug in and, with the approval...
...relentless work ethic of the Japanese is an awesome force to contemplate-even in Japan. The Tokyo government, fearing that frequent complaints from foreign competitors whom the Japanese outhustle might help stir demands for another revaluation of the yen, is now trying to persuade the nation's employees to work fewer hours and take more holidays. The Labor Ministry and the Ministry of International Trade and Industry have extended the campaign to bosses by fining supervisors who insist on working holidays and their normal days off. The fines range from $3.25 to $6.50 for each violation-a much larger...
Though the yen was revalued in December, many Japanese firms absorbed much of the consequent price increase for their products abroad and continued to boost their exports. In addition, the expected price decline for American goods in Japan has not materialized, and some items have become even more expensive. Reason: Japanese distributors have maintained pre-revaluation prices on many U.S. goods and pocketed the extra money. Malmgren warned that Japan's failure to help ease the deficit quickly could lead the U.S. Congress to pass more protectionist laws...
...received $7.26 billion in Japanese goods last year, while exporting only $4.05 billion to Japan. "I am prepared to expend all my efforts to solve this problem. One of the major reasons for it was the recession Japan went through last year." This, along with a revaluation of the yen, slowed G.N.P. growth from an average 10% a year to 4.7% in 1971. "We favor a greater effort to export American goods, not only to Japan but elsewhere. There is an old samurai saying that a warrior is disdainful of boasting about his prowess and hence is a poor advertiser...
Joan of Arc has been many people to many writers. To Al Carmines, the off-Broadway clergyman-showman (TIME, May 22), she is an idealist with a square build, a butch haircut, a belting voice, and a yen for planting bombs in public toilets for the sake of the revolution...