Word: yen
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Japan is another major industrial power that has held its own against inflation, which was only 3.6% in 1979. This was accomplished, despite a heavy dependence on imported oil and raw materials, by streamlining production processes and maintaining the yen's high exchange value. Since the autumn of 1979, however, a considerable decline of the yen and external price factors have driven consumer prices upward. Last week the government of Prime Minister Masayoshi Ohira announced a new anti-inflation package, including sharp cuts in public-works spending and an increase in interest rates...
...CLEARLY, though, this Lear is Sellars' work. He rarely lets his actors act, posing them for effect without reason, hiding them in shadows and drowning them out with the scratching of the steel cellos. Sellars' yen for the visually spectacular became evident in last year's Three Sisters, when he vividly rendered Chekhov's work but stretched it to more than three hours by inserting a handful of maddeningly long silences and a half dozen Chopin nocturnes. Now we expect more than flashy technique from Sellars. We want drama...
Almost all the increase in the past five years has been due to the success of the Japanese. They have become even more competitive because the decline of the yen against the dollar since mid-1979 has held down the prices of Japanese goods in America. Yet Japanese automakers argue that the major reason for their success is that the U.S. car companies failed to anticipate and exploit the swing to gas-saving small models. That failure certainly contributed to the U.S. success of Volkswagen, which started producing Rabbits at a Pennsylvania plant in 1978, and has experienced such high...
...lawyer's younger brother (Mark Blum) is an unemployment fetishist with a yen for pot, coke and sex. His girlfriend (Carolyn Hurlburt) does mental-rehabilitation work and seems to be indesper ate need of it herself...
...Franz Pick, who for years have urged investment in gold as a safe hedge in an in flation-weary world economy. As gold soared, the dollar continued its plunge against foreign currencies, hitting an all-time low of 1.70 deutsche marks, and sinking against the Swiss franc, Japanese yen and British pound, though it recovered somewhat at week...