Word: yen
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...traffic. This treaty gave the Japanese exclusive rights to certain waters, especially those near the canneries they had built on Russian soil. It kept them absolutely out of other bays, inlets and river mouths. It required Japanese bidders to buy and deposit Russian bonds as security. Later, with the yen still at par (50?) and the ruble an unknown quantity in foreign exchange (although having an official gold parity value of 51? within Russia),. the Soviet Government broke all precedent by fixing a ruble-yen rate of exchange at 32.5 sen (16?). Meanwhile, Russian fishermen, starting with one-fifth...
Almost to a man the docile little politicians of Japan's House of Representatives rose in their places last week to give Japan for 1934-35 a general's dream of what a budget ought to be. Of its 2,112,000,000 yen ($633,600,000), full 44% went to the Army and Navy, an alltime peacetime high. The Army got 450,000,000 yen ($135,000,000), the Navy 488,000,000 yen ($146,400,000). Hardly a murmur was raised against this gigantic bill for war weapons and men to use them. Indeed, Foreign Minister...
...believe that he was not pretty well aware of what was going on, for he was high in the councils of a company which is one of the chief offenders. Moreover, he is financially interested in the companies which are affected by the new order, and his great yen for justice in this case is all too intimately connected with his pocketbook. Apparently, he expected--somewhat naively, one is inclined to think--that any telegram from him would simply be assumed to proceed from the most altruistic reasons. For how could the boy who flew across the ocean with only...
Calling in Tokyo correspondents, Mr. Takahashi revealed that his Finance Ministry was rushing into shape a bill to make ''Roosevelt money" out of the yen-i.e. to devalue it and presumably pounce on the profit to be had by seizing gold held by Japanese citizens and banks...
...America returns to the gold standard with the gold content of the dollar reduced, as seems likely," Mr. Takahashi said, "Japan probably will be compelled thereafter to devalue the yen similarly in order to resume gold payments. Preparations for such an eventuality will be necessary to strengthen the nation's gold reserves...