Word: yens
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...relentlessly that economists were concerned that its strength would worsen the trade deficit by making U.S. exports too costly. That fear seemed misplaced last week as the dollar plunged to a level some 7.5% below its mid-June highs, closing the week at 1.87 deutsche marks and 139 yen...
...CAPTION: Yen per dollar
...complaints from abroad, even though its own environmental movement is still tiny by Western standards. Last month the Japanese government imposed new curbs on ivory imports, surprising and delighting environmentalists worldwide, who fear that the African elephant faces extinction in the wild. Japan is also preparing a new multibillion-yen program of environmental aid for developing countries. Government insiders promise the new emphasis on the environment will bring results. "Once Japan decides to do something, it can move very quickly," says Takashi Kosugi, a Diet member and the leading environmentalist in the ruling Liberal Democratic Party...
Many of the tribal blockades have been set up on the Limbang road, which is one of the main logging arteries in Sarawak. Construction of the road during the mid-1980s was partly financed with a 200 million yen ($842,000) low- interest loan from the Japan International Cooperation Agency ostensibly to benefit the very people who are today fighting the logging traffic. Since JICA is not supposed to give funds to support Japanese commercial ventures abroad, the road has provided ammunition for those who argue that increased foreign aid by the Japanese will only further jeopardize the global environment...
Shawna H. Yen...