Word: yen
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...agree the government, business and even labor. The developing feeling in Japan that the economy must be restructured to grow more slowly is based on other factors besides the fear that a huge trade surplus would ultimately raise high the walls of protectionism abroad. The increasing value of the yen automatically increases the prices of Japanese goods overseas, inevitably hurting an economy based so heavily on trade. In addition, Japan's shipbuilding yards and textile mills are meeting tough competition from spanking new facilities in lowpaying, less developed nations such as Brazil and South Korea. Small-and medium-size...
Still, the main promotion and improvement of the U.S. as a tourist attraction should be left to private enterprise. As business people develop a yen for yen, marks, francs and all those other currencies, they will begin to concentrate their efforts on making the U.S. a more enticing playground and shopping center for those worldly tourists...
...investment rush has been building for years, and now it is gaining momentum. One factor is the dollar's slump, which has enabled holders of West Germany's mark, Switzerland's franc, Japan's yen and other strong currencies to buy a piece of the U.S. at bargain prices. More important, in the new economic climate of high-energy prices, sluggish international growth and protectionist trade sentiments, the U.S. appears to be the country best suited to ride out the tempest. It also seems the nation least vulnerable to the terrorism that is ravaging Italy...
Wait. The alternate question is discuss the impact of Sadaharu Oh's homerun record on dollar-yen exchange rates. At one point in recent history the number of yen needed to buy one dollar was equivalent to Oh's annual homerun output...
...Japanese sell more than 1 million vehicles a year in the U.S., but they import fewer than 50,000 vehicles from all countries. They have a way of operating to make sure that their markets are served by their own manufacturers. When I look at the value of the yen today compared with its value three years ago, I have to conclude that their autos are not fairly priced because the value of the yen has appreciated a heckuva lot more than they have raised their prices. In the U.S., we have to take a hard look to make sure...