Word: yen
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...were insisting that "there is no assurance an agreement will be reached." But if the deal does fly, Matsushita will have escaped from a nettlesome marriage, though at a steep price (about a 35% loss on the original investment, owing mostly to the weakness of the dollar vs. the yen). And Bronfman, the wandering son who officially took over the family business only last year, will invest his shareholders' money so he can realize his dream. He will ascend from mere billionaire status to a more glamorous title: moviemaker...
...dollar dropped to 88.33 yen today from 83.35 late yesterday, while simultaneously picking up modest gains against European currencies. The British pound was virtually unchanged...
...WHILE BACK I NOTED THAT PEOPLE LIKE Thomas Edison had passed from the American scene. I said that Edison was alive and well but living in Japan. Now we can see the results of his move: a dollar made of lead, and a yen made of gold...
...Tokyo subway during Monday-morning rush hour. Two days later, police began raiding the main compounds of a religious sect, Aum Shinrikyo, seizing what appeared to be laboratory equipment and tons of chemicals. Police have confirmed that they found a stash of 22 lbs. of gold ingots and yen valued at more than $7 million. The cult's leader, Shoko Asahara, denied any link to the attack...
...married a college student, Tomoko Ishii, in 1978, then opened an apothecary specializing in traditional Chinese medicaments. A turning point in his life appears to have occurred in 1982, when he was arrested for selling fake cures. Authorities detained him for 20 days and fined him 200,000 yen--about $800 at that time. The business went bankrupt, and Asahara was reputedly shattered by the incident. Out of shame at what neighbors thought, for some time afterward he and his wife only left their home to buy essentials...