Word: yen
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...reasons for their rush to buy are abundantly clear. To start with, U.S. properties are going for unprecedentedly low prices because of the fall of the dollar. The U.S. currency has plunged some 40% in value during the past two years against such major foreign currencies as the Japanese yen, the West German mark and the British pound. The result is that while prices of real estate and commercial properties may seem high to most Americans, everything with a dollar-denominated price tag looks like a tremendous steal to holders of other, stronger currencies...
...Ichiro Hattori, 55, the president of Seiko Epson, died on a golf course in May after suffering a heart attack. In eight years as chief executive, he had built Seiko from a watchmaking company into an electronics giant. But last year profits plummeted nearly 80% because of the high yen...
...immediate causes of death ranged widely, from pneumonia to heart attacks. But many Japanese are convinced that the real killer was endaka, which means a strong yen. The 40% rise in the value of the Japanese currency since September 1985 has made the country's products more expensive abroad and stalled its vaunted export machine. As companies have increasingly suffered slipping sales and profits, corporate leadership has become more stressful -- and possibly deadlier -- than ever...
...given the Japanese press a cause celebre. Story after story has likened the fallen business leaders to martyred warriors. Yomiuri Shimbun, Japan's largest daily newspaper, ran a feature under these scary headlines: SUDDEN DEATHS OF CORPORATE HEADS; DISEASE-FREE SOLDIERS UNDER HEAVY STRESS FROM RECESSION AND THE STRONG YEN. The Sunday Mainichi referred to the trend as "death in combat...
Houston was no trailblazer. She was a phenomenon waiting to happen, a canny tapping of the listener's yen for a return to the musical middle. And because every new star creates her own genre, her success has helped other blacks, other women, other smooth singers find an avid reception in the pop marketplace. As Whitney, her own most dispassionate appraiser, told TIME Correspondent Elaine Dutka, "Here I come with the right skin, the right voice, the right style, the right everything. A little girl makes the crossover and VOOOM! it's a little easier for the others...