Word: yen
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
WITH TV's yen for nostalgia, no pair of two female friends on sitcoms will ever be able to escape comparison with Lucille Ball and Vivian Vance. Their camaraderie in the 50's and 60's paved the way for copycat duos in the 70s and 80s. But Ball's shows have endured for much longer than the characters. Many of the plot devices used on I Love Lucy have become staples for the sitcomes of today...
...double charge of cheery news had a predictably explosive impact on currency exchanges and financial markets. The dollar jumped to nearly 131 Japanese yen, up sharply from about 126 yen the day before. The greenback also fetched 1.68 West German marks, vs. 1.63 the previous day. At the New York Stock Exchange, everyone who had been planning to buy stocks if the trade figure was good seemed determined to get in at the opening bell. The Dow Jones industrial average skyrocketed, beginning trade 55 points above Thursday's close of 1916. But the surge ended almost as soon...
...construction companies greater access to Japanese public works projects. He also promised that his government would strive to hold down interest rates, which could help stimulate Japan's economy and boost demand for imports from the U.S. Both men said that the dollar's three-year fall against the yen had gone far enough...
...concerted central-bank intervention marked the most aggressive effort so far to moderate the decline in the dollar that was deliberately set in motion in September 1985 by the major industrial democracies. Since then, the dollar's 50% drop against the yen and the mark has made American goods cheaper -- and thus more competitive -- in world markets. But by last February the industrial countries proclaimed that the dollar's fall had reached a point of diminishing returns. The governments of Japan and West Germany, among others, began intervening in the market to cushion the sliding American currency. The U.S., however...
...central bankers were quietly baiting a so-called bear trap, in which they aimed to punish speculators who had been reaping profits by consistently betting on the dollar's downfall. They secretly agreed to launch a dollar-buying binge when the currency hit a floor price, possibly at 120 yen. At first only the Bank of Japan came to the rescue. Then all at once last Monday, moneymen from central banks around the world -- including the Federal Reserve -- got on the phones to place buy orders...