Word: yen
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...colonial empire and Britain's No. 1? To Dutchmen, firmly convinced that they are sane, it was the supreme irony last week that Japan's determined and successful filching is based, at its present stage, on Tokyo's "insane" decision to make the yen worth only 40% of what it used to be worth in gold, while the guilder is still at full, sane value. Should Dutchmen Dance? Cold figures reveal that in 1928 England supplied 29% of all textiles bought by Queen Wilhelmina's dusky Indonesian subjects in Sumatra, Java, Borneo, Celebes, Soemba, Bali, Flores...
...trifles with currency values is not dead wrong. Last week with U. S. President Roosevelt, British Prime Minister Baldwin and Japanese Premier Okada all wrong in Benito Mussolini's opinion, he found it excruciatingly difficult to keep on being right. Cut-rate dollars, cut-rate pounds, cut-rate yen and the rest of the Great Powers' goods-dumping moves have provided such keen competition for Italian exports that not even the most drastic dictating has been able to achieve for Italy a favorable balance of trade. Her excess of imports over exports for the first five months...
...plausible secretariat of smart Dr. Schacht, nothing is farther from his high mind than dumping. He merely hopes to equalize the difference between the value of the German mark, which is relatively high because the mark has not been devalued, and the value of other currencies like the yen, pound and dollar, which have been forced down by devaluation...
When a Japanese artist bedded with a humble parlormaid in the early part of Queen Victoria's reign, the auspicious result was Japan's greatest politico-financier, His Excellency Korekiyo Takahashi. Last week Finance Minister Takahashi explained that 10,000,000,000 yen is about the limit of internal Government bond issues which Japan can conceivably absorb, and she has now absorbed 8,650,000,000. Mr. Takahashi based his calculations on the fact that Japan's national wealth is about 110,000,000,000 yen and her national income about 10,000,000,000 yen...
...great for her. The eldest daughter had to be sent to Tochigi Prefecture as a woman of ill fame. She had to become a geisha last year and in May last spring she had to serve on a 4-year contract for a loan on 1,500 yen. At that time only 1 yen remained in her mother's hands...