Word: yen
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Dates: during 2000-2009
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...West German mark and the Italian lira. During the long, hot summer, though, the dollar has sweltered and gone limp. Main reason: fears that the U.S. economy may be stagnating. Since late February, the dollar's value has dropped 25% against the British pound, 10% against the Japanese yen and 14% against the lira. Last week the greenback lost ground in four of five trading sessions, closing Friday at its lowest level in more than a year against the German mark and the French franc...
...college, 25 years at the same company, hot flashes and an outdated hairstyle. The problem is, I can't quite squeeze it in. I've got this 11-year-old daughter who, while quite tolerant of my yoga habit, just might go off the rails if I indulge my yen for a six-month retreat at an ashram in Kerala. Then there's the college-tuition bill. Do you think Skidmore would cook up an emergency scholarship for my son if my contribution to the family income suddenly dropped to, say, zero? Oh, and there's one more problem. Since...
...China, those sales tend to be concentrated in the compact-car segment, in which profit margins are low. In Japan, where Toyota intends to launch its Lexus brand in August, the company may have a hard time expanding market share, already at 44%. The dollar's slump against the yen, meanwhile, makes Japanese exports more expensive...
...companies have had slow sales during the past five years because the overweight U.S. currency made their goods and services much more expensive than products from foreign competitors like Japan. But last week the dollar continued to fall sharply against Japan's currency, dipping to a value of 203 yen in Tokyo, the lowest closing level since February 1981. The decline is already showing some concrete results. Japan's Sony announced last week that it plans to raise its U.S. prices by 5% to 12% on everything from TV sets to magnetic tape. That should make it easier...
Many conference participants supported a proposal for so-called monetary target zones. This would mean that each country's currency would be allowed to rise and fall only within a predetermined range. If the dollar, yen or other money rose or fell too far, central banks would intervene in foreign-exchange markets and stabilize the rate. Some European currencies are already bound by such a regime: the European Monetary System...