Word: yen
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...sees fit. Says Gordy: "If somebody had asked me a year ago, I would never have guessed we were going to do a western." Now that de Passe has reached near the top of Hollywood's mostly white, mostly male elite, she maintains that she has no yen to jump to a major studio. Says she: "There really isn't anything out there that I am interested in. I was planted in a garden that allowed me to grow...
Even before the figures came out, a Japanese official warned the U.S. against weakening the dollar as a trade-gap remedy. Makoto Utsumi, a senior executive in the Finance Ministry, declared that a further fall of the dollar against the yen would not close the trade gap because Japanese firms would lay off workers and take other steps to remain competitive. A cheaper dollar, said Utsumi, would simply "make America for sale...
...Treasury bills and other dollar- denominated securities. The Fed would have little choice but to boost interest rates to make the currency more attractive. Since September the dollar has lost about 5% of its value against the currencies of major industrial nations, and now trades at about 125 yen. This has wiped out most of the gains it made during the first nine months of last year...
Half of TIME's forecasters anticipate that the dollar will rise in value, and half expect the greenback to fall this year. The median prediction is for a decline from the current level of 125 yen to about 121. Estimates for the end of 1989 range from Kudlow's prediction of a robust 142-yen dollar to Wilson's forecast of a weakling 110-yen version. Says Wilson: "The biggest danger I see for the economy next year is a free-falling dollar...
...risk of a real financial disturbance. It would bring about the kind of recession that would be the most difficult to handle." One way in which the deficit has triggered higher rates is by undermining foreign confidence in the dollar, which plunged more than 3% against the Japanese yen in the three weeks after the U.S. election. To stabilize the currency, the U.S. has had to allow interest rates to rise as an incentive to foreign investors...