Word: yen
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Sterling, says Butler, has gained a "breathing space"-but only a breathing space. In Washington, he and Eden hope to enlist U.S. help for a long-range Commonwealth plan to 1) make the pound freely convertible into dollars, kroner and yen; 2) multiply the free world's trade; 3) attract dollar investments to the Commonwealth and Empire. To make their plan work, the British hope to persuade the U.S. to lower its trade barriers and to provide some kind of dollar backing for the pound. The Administration promised to listen carefully...
...pachinko machine (cost: $20) stands upright to save space. From the owner the player buys a handful of small steel balls at 2 yen (½?/) apiece and drops them one by one into a small hole on the right side of the machine. With a spring-driven lever he flicks the ball upward; if it happens to fall into one of several nail-fenced cavities in the face of the machine, the player wins 10, 15 or 20 steel balls. Those he can trade for cigarettes, candies or a variety of other inexpensive prizes (law forbids prizes worth more than...
...machine which does everything but sing Yankee Doodle, the pachinko machine may seem a dull device. But by last week, Japan was speckled with at least 900,000 pachinko machines; Tokyo alone has 7,900 arcades, 170 of them reserved for children. The Japanese last year spent 100 billion yen ($277 million), or the equivalent of 11.7% of the national budget, on pachinko. Competition is so fierce among Tokyo parlors that one, the Heaven & Earth, hired a stripteaser to provide "relaxation for the players' eyes," only to find that the players preferred the machines...
Recession. In Matsuyama, Japan, "Rice Merchant" Tadashi Ebino was finally tracked down by police after he had 1) collected 2,000 yen ($5) in advance from a customer, 2) borrowed the customer's bicycle to deliver the rice, 3) borrowed the customer's watch to make certain he got to the rice pickup point on time, 4) failed to return...
...White's where the Yule's hoary harbinger is secreted between the ice-box and negligee department, the small, ominously green sign reads. "You are required to buy pays your money, yen gets no choice a eat in the lap, a flashlight bulb, and "How many prints d'ya want lady?" "I wanna sled," says the kid. "Next," bawls Santa...