Word: yen
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...pool of excess capital. Japan's trade surplus with the U.S. in 1986 alone was $58.6 billion, and exchange-rate changes over the past two years havesharply boosted Japanese purchasing power in the U.S. The dollar has depreciated in value against the Japanese currency by some 40%, from 260 yen in February 1985 to 153 yen last week. That makes even Manhattan prices seem reasonable. Example: a building that cost $100 million, or 26 billion yen, two years ago would now set back the buyer a relatively paltry 15 billion yen...
None of this would really be bothersome were it not for all the aggressors who merit the U.N.'s wrath more than logo usurpers. Maybe U.N. partisans with a yen for legal intrigue could come up with some type of lawsuit to force the organization to end its support...
Whether one prefers Llosa's and Skarmeta's direct discussion of their artistic process or the tantalizing clues provided by Fuentes and Puig probably depends on whether one approaches literature analytically or emotionally. But whatever your literary yen, this book will fulfill it--and in large measure...
...light in the dismal picture was the fact that the monthly deficit in December was only $10.7 billion, down dramatically from the $19.2 billion recorded a month earlier. That may be a sign, though not a definitive one, that the continuing slide of the U.S. dollar against the Japanese yen and the West German mark, which makes U.S. products cheaper abroad and imports more expensive, is finally having some effect on the trade balance...
...international currency markets, the action was only a shade less hectic. For the first time ever, the U.S. dollar slid below the landmark price of 150 ( yen to the dollar in Tokyo before rebounding to 153.25 yen at week's end, marginally higher than a week earlier. In Bonn, the dollar hit a 6 1/2-year low of 1.81 deutsche marks before microscopically edging back to close at 1.815, a 1.8% decline from the previous week...