Magazine article from our research archive:

Oh dear: the yen. (yen inflation)

The yen reached a high of 116 yen to the dollar on Feb 22, 1993. Three reasons for the recent rise are year-end foreign asset profits, US Treasury Secretary Lloyd Bentsen's desire for a strong yen and the possibility of no more interest rate cuts by the Bank of Japan.

WHAT goes up must come down--unless, perhaps, it is the yen. On February 22nd it hit a record high against the dollar of YEN 116--a rise of 8% since the beginning of the month. That left the yen more than three times as strong as it was at the start of the 1970s, when it traded at YEN 358 to the dollar. During the past two decades of floating exchange rates, it has risen, with brief interruptions, by an average of 5% a ...

Related newspaper, magazine, and journal articles:

See all results. Or, try our Advanced Search.

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 60 million articles! Access over 3,500 publications with a FREE trial!