Word: yen
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...recent years, the impetus for alternative currencies in established economies has stemmed in part from localization movements. Periodically ditching the dollar (or the pound or the yen) in favor of homegrown currency doesn't merely fortify the local economy; it also builds community. People have a stake in their neighbor's well-being because that neighbor represents both market and supply chain. Some argue that such transactions are more secure than others because knowing the person you're dealing with, and his family and friends, serves as a kind of social collateral...
...industry, Kaoru Yosano, summed it up on Monday when he said, "Japan is in a very serious situation." Last month, as the nation's export-driven economy watched global demand slow down, Japan's Nikkei index fell to a 26-year low. Couple this with the appreciation of the yen - which some economists say could strengthen to an exchange rate of 80 to the dollar by the end of next year - and it's little wonder that corporate powerhouses like Toyota, Honda and Sony have seen profits dive. Royal Bank of Scotland Japan chief economist Junko Nishioka says that over...
...largest apparel retailer debuted its Japan flagship two months ago in Ginza, Tokyo's own Fifth Avenue, some 3000 shoppers lined up for first dibs on the brand's affordable fashion, amidst falling luxury sales on the same street. As Japan's recessionary economy and the appreciation of the yen left other businesses in Japan to watch purse strings tighten and household consumption drop, people continued to wait outside H&M day after day. "I'm totally fascinated by the queuing," says Jorgen Andersson, H&M's Brand and New Business Director. "I think it's the first impression...
...Meanwhile, an appreciating currency?the yen hit a 13-year high against the dollar on Oct. 24?is hurting Japan?s exporters. This week, Honda cut its annual revenue forecast for the 2009 fiscal year to $5.2 billion, a 19% decline compared with FY2008 results. Sony announced that its profit dropped 72% in the first half of the year. Help may be on the way. But Aso must convince a divided Japanese parliament to pass his stimulus package amid growing skepticism that it will be too little, too late...
...below the current 0.5% soon. Though rates in Japan are already almost nil, Tokyo's hand is to an extent being forced by Washington. That's because as U.S. rates fall, fewer investors are willing to hold U.S. dollar debt, which undermines the value of American currency vs. the yen - and a stronger yen is bad news for Japan. It makes the country's exports more expensive, curtailing economic growth. Credit Suisse's Shirakawa believes the chances of the BOJ returning to a zero rate is less than 50%, "because they know that a return to a zero-rate policy...