Word: yen
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...public-spending projects used in the past to prime the country's economic pumps. Even so, a larger concern remains: Japan's continuing over-reliance on the export sector, which has been propped up by the Japanese government's massive and unprecedented foreign-exchange interventions designed to keep the yen weak...
...weak yen makes Japanese products cheaper and therefore more competitive abroad. The yen's relationship to the dollar is particularly important, because the U.S. is a primary customer base for heavyweight Japanese companies, such as Sony and Toyota. Under former Finance Minister Shiokawa, the government spent in just the first 8 1/2 months of the year the unprecedented equivalent of $110 billion to buy dollars on the open market, in an attempt to keep the yen from climbing against a weakening greenback...
Furlaud said her seven-minute parody—which includes interviews with several Harvard “professors” with names like Roscoe Dullich—was inspired by Harvard’s recent yen for growth, and what she sees as a change in the University’s attitude...
...delayed. But as the value of the greenback has slipped on international markets, Chinese exports have become even cheaper. Hence the clamor from some of those who directly compete with China for the country to revalue the yuan upward?just as there was pressure on Japan to revalue the yen...
...November, the Inamori Foundation will present Whitesides with the Kyoto Prize—including a 20-karat gold medal, a diploma and 50 million yen (about $400,000) in Kyoto, Japan this November. The foundation awards three such prizes annually to individuals who have made significant contributions to the development of mankind in the fields of advanced technology, basic sciences and the arts and philosophy...