Word: yen
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Sotheby's the night before, where sales of Impressionist and modern art totaled $238 million, seemed to confirm that the market has reached another bubble phase. It's reminiscent of the bubble that inflated in the '80s, when dealmakers such as Australia's Alan Bond and yen jillionaires like Ryoei Saito chased Van Goghs to the stratosphere. (Saito paid $82.5 million for Portrait of Dr. Gachet.) Dotcom entrepreneurs with Internet funny money bought Impressionists and Pop Art. Today a new generation of hedge-fund billionaires and Chinese and Russian kleptocrats is part of an ocean of capital flowing into galleries...
...been fueled by business investment more than any recovery since the 1950s. But investment cannot grow faster than GDP indefinitely. The second pillar of the recovery has been a rising trade surplus, fueled by strong growth in the U.S. and China and the lowest price-adjusted value of the yen since 1986. That, too, has limits...
...interest rates would have a significant impact on global money flows. For one thing, it could spell the end of the Japan "carry trade," the practice of large investors borrowing yen cheaply to invest in anything with higher yields?from U.S. treasuries to stocks to emu farms. The carry trade has been blamed for speculative excesses in global stock and commodity markets, not to mention exotic investments like Icelandic and New Zealand currencies. In June, financier George Soros blamed the recent dip in global markets on the BOJ's money-supply tightening since March, noting: "When the Japanese central bank...
...Hooverite measures had once done in the U.S. In the late 1990s, with social and political upheaval at hand, Japan was finally jolted into action. To quell a threatening run on the banks, the government declared that it would guarantee every deposit in the country, and injected trillions of yen into the financial system. Still the economy failed to respond. With all of Asia then in a state of unprecedented financial collapse, the Bank of Japan adopted a series of measures that took it into a realm where no central bank had ever previously dared venture. Lending rates were slashed...
...Hooverite measures had once done in the U.S. In the late 1990s, with social and political upheaval at hand, Japan was finally jolted into action. To quell a threatening run on the banks, the government declared that it would guarantee every deposit in the country, and injected trillions of yen into the financial system. Still the economy failed to respond. With all of Asia then in a state of unprecedented financial collapse, the Bank of Japan adopted a series of measures that took it into a realm where no central bank had ever previously dared venture. Lending rates were slashed...