Word: yen
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...less than a year, Japan's foreign reserves more than doubled, to almost $17 billion. The money has been attracted by the nation's solid success at selling goods abroad, and even more by its having what is perhaps the world's strongest currency, the yen. Many Japanese fear that the money flood will bring intense new foreign pressure for still another upward revaluation of the yen. They also believe that it is high time to export not only merchandise but also money...
...that have kept Tokyo from developing an international capital market. For the first time in 40 years, private bankers and other capitalists in Japan can keep, spend or lend any foreign currencies that they accumulate, rather than being compelled in most cases to sell them to the government for yen. In addition, at the urging of MITI Minister Kakuei Tanaka, government technicians are now working out details of a plan to shift from $5 billion to $9 billion of the government's foreign-exchange reserves into a fund for making long-term loans to Japanese companies investing overseas...
...intriguing display of popular psychological accommodation to a new turn in foreign policy. There was, of course, no evidence that the Chinese were overcome by a corresponding yen for hamburgers...
...military and administrative apparatus of the Central Government. In some cases, the successes of pacification can be seen in quite striking fashion. Voter turnout in the 1967 presidential election as compared with the 1966 consituent assembly election increased by 50 percent in Binh Dinh province, 23 percent in Phu Yen, 22 percent in Hau Nghia and 20 percent in Binh Duong. These changes were undoubtedly the result of the strong pacification efforts made in those provinces...
PRESENTLY Hiseido is planning to build a hospital and treatment center suited to the particular needs of the A-Bomb victims. They have already raised several million yen and have selected a site on the outskirts of Hiroshima...