Word: yens
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...many analysts, it seemed that the previously irrepressible stock market was finally beginning to reflect the same economic uncertainty that last week kept the U.S. dollar bobbing against the Japanese yen and the West German mark. The latest official statistics presented at best a mixed picture of the health of American business. They put inflation last year at 1.1%, the lowest rate in a quarter-century, but also revealed that the economy was growing at a much slower rate -- 1.7% in the fourth quarter of 1986 -- than the Reagan Administration had expected...
...billion and West Germany's $57 billion. Both were records. Japan's trade surplus with the U.S. alone last % year stood at $51.5 billion and West Germany's at about $16 billion. Trade figures released in Tokyo last week showed that despite the dollar's long decline against the yen, Japanese exports to the U.S. actually increased by 23.5% last year, to $80.5 billion...
DESCRIPTION: Color: Three charts of Japanese yen, West German mark, South Korean won, changes against U.S. dollar, 1985, 1986, 1987, with suggested retail prices of principal exports of each country...
...around the world last week, the mood in money markets was akin to panic. The dollar dropped to a six- year low against the West German mark and fell precipitously against the Japanese yen. Behind the sell- off loomed the mammoth U. S. trade deficit. -- An important study argues that U. S. export controls on high technology do not work properly and hurt American business...
...September for $620 million. Shuwa also recently purchased New York City's ABC building (price: $174 million). Japanese investments in U.S. real estate could reach $5 billion this year, more than three times the 1985 level. Main reason: the dollar has weakened by 38% since early 1985 against the yen, making even tall American office towers a relative bargain...