Word: yen
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Dates: during 1980-1989
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...most important cause of the trouble is the 17-month rise of the yen against the dollar, which has hurt Japanese exporters. In response, Prime Minister Yasuhiro Nakasone's proposed fiscal-1987 budget, calls for increased public spending and a one-year emergency program to develop jobs for 300,000 workers, or 16.5% of those who are unemployed...
...pool of excess capital. Japan's trade surplus with the U.S. in 1986 alone was $58.6 billion, and exchange-rate changes over the past two years havesharply boosted Japanese purchasing power in the U.S. The dollar has depreciated in value against the Japanese currency by some 40%, from 260 yen in February 1985 to 153 yen last week. That makes even Manhattan prices seem reasonable. Example: a building that cost $100 million, or 26 billion yen, two years ago would now set back the buyer a relatively paltry 15 billion yen...
Much of that expected rise in economic activity will be the result of the falling value of the U.S. dollar, which has declined 20% against the Japanese yen and 21% against the West German mark in the past year. Heller pointed out ( that the Reagan Administration's policy of allowing the greenback's value to fall against those currencies has finally begun to stimulate U.S. exports by making American products less expensive overseas. That may soon improve the distressing U.S. trade deficit, which reached $170 billion last year. Nonetheless, the trade statistics do not yet show a clear-cut trend...
None of this would really be bothersome were it not for all the aggressors who merit the U.N.'s wrath more than logo usurpers. Maybe U.N. partisans with a yen for legal intrigue could come up with some type of lawsuit to force the organization to end its support...
Whether one prefers Llosa's and Skarmeta's direct discussion of their artistic process or the tantalizing clues provided by Fuentes and Puig probably depends on whether one approaches literature analytically or emotionally. But whatever your literary yen, this book will fulfill it--and in large measure...