Word: yen
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...plan, designed to avoid wild fluctuations on currency markets, would affect the U.S. dollar, the yen, the West German mark, French franc and the British pound...
...strong yen is slowing the pace of Japanese exports, but Tokyo is still feeling the pressure to shrink its swollen foreign trade surplus. Last week Japanese Prime Minister Yasuhiro Nakasone took new steps--or perhaps half steps--to meet those international pressures by vowing to change the habits of his country's 120 million thrifty citizens. On the eve of a weekend visit to Camp David to discuss the seven-nation annual economic summit that Japan will host in May, Nakasone accepted a report by a Cabinet advisory committee that outlined ways to wean the Japanese away from an export...
...many Americans with foreign wanderlust, new destinations beckon. Qantas, the Australian airline, has had a 40% increase in U.S. passengers during the past twelve months. Hong Kong, Singapore and other Asian locales expect to see more Americans as well, although the surging value of the yen has aggravated Japan's already steep prices for foreigners. African countries, most of which can sorely use tourist dollars, should also get a boost. During the first two months of this year, Pan Am carried 4,800 Americans to Africa, about 10% more than in the same period last year. South American countries, notably...
Japan, which imports 99.8% of the oil it uses, could save as much as $23 billion on crude this year, which will help offset the loss of export business it has suffered because of the rapid appreciation of the yen. Oil-using nations that are less well off will benefit too. In sub-Saharan Africa, lower expenses for transportation and farming could start to raise living standards after many years of decline. Some countries with state-owned oil companies, notably India and Pakistan, have so far refused to pass savings along to consumers, deciding instead to spend the money...
...first two months of this year, exports were up an impressive 38%, prompting some economists to talk about 9% growth for 1986. That mini-miracle has been assisted by the drop in the price of oil, a major South Korean import, and by the steady rise of the yen, which handicaps rival Japanese products...