Word: yen
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Dates: during 1980-1989
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...British are coming, most by air, a few by sea. So are the Japanese, the French, the Germans, the Italians. Not to mention the Australians, Brazilians, Thais and Taiwanese. As the U.S. dollar lingers near its lowest post-World War II levels against such foreign currencies as the Japanese yen and the West German mark, large crowds of visitors from overseas are streaming onto U.S. shores this year, cameras and shopping lists at the ready. From California's redwood forests to the South's Gulf Stream waters, from Malibu to Maine, foreign tongues are echoing through all the familiar...
Shadow of the king. Bush's problems are compounded by the electorate's general yen for change. When asked whether they preferred the next Administration to continue Ronald Reagan's policies or to strike out in new directions, 60% opted for fresh approaches...
...diamond cartel has been able to impose the price increases largely because of intense demand from Japan, where the strong yen has made imported gems a bargain and young couples have developed a newfound fondness for diamond engagement rings. While many diamonds have become more expensive in the U.S., sales still sparkle aplenty. One reason: single professional women are increasingly buying their own gems -- in discreet sizes...
...figures, however, make the Japanese look considerably more openhanded than they actually are. Tokyo's growing generosity is largely a function of the yen's almost twofold appreciation against the greenback since 1985. According to the OECD, Tokyo's aid level in 1986 increased 48.4% in dollar terms but only 4.8% in Japanese currency. Moreover, Japanese development assistance has traditionally included a higher percentage of loans, as opposed to outright grants, than...
...impact of the dollar's drop has been disappointing. One reason is that many foreign manufacturers have accepted lower profit margins rather than let their prices rise in proportion to the dollar's fall. Moreover, while the dollar has gone down by more than 40% against the Japanese yen and the West German mark, it has fallen much less against the currencies of South Korea and other newly industrializing countries of Asia, which account for an increasing share of exports...