Word: yen
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Dates: during 1980-1989
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...light in the dismal picture was the fact that the monthly deficit in December was only $10.7 billion, down dramatically from the $19.2 billion recorded a month earlier. That may be a sign, though not a definitive one, that the continuing slide of the U.S. dollar against the Japanese yen and the West German mark, which makes U.S. products cheaper abroad and imports more expensive, is finally having some effect on the trade balance...
...many analysts, it seemed that the previously irrepressible stock market was finally beginning to reflect the same economic uncertainty that last week kept the U.S. dollar bobbing against the Japanese yen and the West German mark. The latest official statistics presented at best a mixed picture of the health of American business. They put inflation last year at 1.1%, the lowest rate in a quarter-century, but also revealed that the economy was growing at a much slower rate -- 1.7% in the fourth quarter of 1986 -- than the Reagan Administration had expected...
...international currency markets, the action was only a shade less hectic. For the first time ever, the U.S. dollar slid below the landmark price of 150 ( yen to the dollar in Tokyo before rebounding to 153.25 yen at week's end, marginally higher than a week earlier. In Bonn, the dollar hit a 6 1/2-year low of 1.81 deutsche marks before microscopically edging back to close at 1.815, a 1.8% decline from the previous week...
DESCRIPTION: Color: Three charts of Japanese yen, West German mark, South Korean won, changes against U.S. dollar, 1985, 1986, 1987, with suggested retail prices of principal exports of each country...
...around the world last week, the mood in money markets was akin to panic. The dollar dropped to a six- year low against the West German mark and fell precipitously against the Japanese yen. Behind the sell- off loomed the mammoth U. S. trade deficit. -- An important study argues that U. S. export controls on high technology do not work properly and hurt American business...