Word: yen
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...CAPTION: Yen per dollar
Quicker than you can say "currency speculation," the U.S. dollar has slumped to the lowest levels since last spring, completely wiping out the effects of a summer rally that had lifted the currency nearly 10% by late August, to a peak of 136 yen. Buoyed in part by a booming U.S. economy, the currency threatened to become strong enough to hinder progress in closing the trade...
...Election Day drew near, currency traders grew bearish on the dollar, sending it to the 125-yen range. They blamed a slowdown in the U.S. economy, the surge last month in the trade-deficit figures and a concern that the next U.S. President will be unable to tackle the budget deficit...
...With the yen so strong against the dollar, Japanese investors have been snapping up prime pieces of U.S. real estate from Honolulu to Manhattan. None of these acquisitors is quite like 36-year-old Ikuo Hiyakuta. He gobbles up entire city blocks like so much cardboard. Then he builds row upon row of houses and hotels until his rivals are driven into bankruptcy...
Shawcross ferrets out a wealth of political, diplomatic and intelligence detail, as well as a fragrant cache of jet-set gossip. In his prime, the Shah had a special yen for Lufthansa hostesses but also entertained a variety of lovelies flown in from Mme. Claude's in Paris. His other tastes were rich, but, oddly, Iran's leading personage did not eat caviar...