Newspaper article from our research archive:
|
|
The high yen dilemma
- Article from:
-
The Independent - London
- Article date:
-
July 3, 1994
- Author:
-
|
Copyright informationCopyright 1994 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
|
THE DOLLAR dipped to an all-time low of below 98 yen in Tokyo on
Friday. Six months ago it bought 113 yen. Is this the end of
Japan's manufacturing industry, as some of the more excitable
business leaders are now claiming in Tokyo? Or could it be yet
another external shock - like the oil crises of the 1970s or the
previous rise of the yen after the 1985 Plaza Accord - which will
turn out, in the end, to have had beneficial effects on Japan's
economy?
As usual, all is not as it seems in Tokyo. On 22 June, the day
after the dollar first fell below the 100-yen level, the government
held an emergency cabinet meeting. The newspapers had screaming
headlines on the yen's precipitous rise. Takeshi ...
Related newspaper, magazine, and journal articles:
|
Cheap yen boosts Japan's balance sheet
Global Finance;
March 1, 2002 ;
355 words
...ASIA Japan wants to keep its yen as cheap as it can until...devaluation of the yen will add about $ 350 billion to Japan's gross domestic product...countries will force Japan to withhold some monetary stimulus so that the yen does not weaken so sharply...
|
|
FINANCE-JAPAN: STRONGER YEN DOES LITTLE FOR ASIA'S ECONOMY
Inter Press Service English News Wire;
October 14, 1998 ;
700+ words
......don't see a turnaround in Japan just because the yen has risen," says Kyoji...deflationary spiral in Japan. Okada explains that the yen's climb will affect Japanese...Omura: "Despite a high yen, domestic demand remains weak in Japan, which deals a blow to...
|
|
Japan, the yen and the dollar: the dollar's swing against the yen may...
The Economist (US);
October 10, 1998 ;
546 words
......forthcoming collapse in the yen. Central-bank intervention by America and Japan had halted the yen's fall at YEN 143...heading swiftly towards YEN 170 or even YEN 200. Why? Because Japan needed to expand...September, the Bank of Japan began to do this...of weakening the ...
|
|
Japan Alarmed at Rate of Rising Yen
AP Online;
October 8, 2003 ;
372 words
......decisive steps." To stem the yen's rise, Japan has repeatedly sold yen on the...exchange rate at a given level. Japan's massive yen sales have contributed to the...year record of 7.64 trillion yen, it said. Japan's foreign reserves are the largest...
|
|
Japan alarmed at rate of rising yen
AP Worldstream;
October 8, 2003 ;
404 words
......decisive steps." To stem the yen's rise, Japan has repeatedly sold yen on...has room to fall below 107 yen this month. Japan's massive yen sales have contributed to...full-year record of 7.64 trillion yen, it said. Japan's foreign reserves are the...
|
|
In Japan's Big Bang, Beware of Falling Yen Analysts Expect Dollar to Reach...
International Herald Tribune;
March 7, 1998 ;
700+ words
......SEVERE CHANGES in Japan's economic and regulatory...have investors with yen exposure wondering...recent weeks. The yen's recovery reflects the outlook that Japan will stimulate its...dollars instead of yen. Takehiro Sato, senior economist at Japan Research Institute...
|
|
Japan's free-falling yen may be Asia's next crisis
AP Online;
May 27, 1998 ;
700+ words
......economists worry Japan may become Asia's...problem. By letting the yen fall, the argument...Earlier this week, Japan's biggest banks reported...record 10 trillion yen ($73 billion) in bad...Asia Ltd. ``If the yen weakens further, Japan is going to beggar...Pessimists say the ...
|
|
Yen dives as Moody's threatens downgrade Credit rating service doubts...
The Milwaukee Journal Sentinel;
April 4, 1998 ;
517 words
......Friday, rising above 135 yen, after Moody's Investors...Inc. said it may cut Japan's credit rating for the...been in three years. Japan's yen also is smarting from...speculation the Bank of Japan sold dollars to stem the yen's fall. The dollar could...
|
|
Yen crisis rattles Japan Inc.
The Boston Globe;
August 20, 1993 ;
700+ words
......corporations -- is staring at a yen that is so strong Japan's major export industries...whole appreciation {in the yen's value} rises from Japan's obstinate trade surplus...by IBM was in America. Japan has experienced and overcome "yen shokku" -- rapid currency...
|
|
Currency crusade.(includes related article on the Japanese yen)(Japan's...
The Banker;
August 1, 1999 ;
700+ words
......internationalisation of the yen. More importantly, the combined forces of Japan Inc are being mobilised...a global currency. Japan now fears that the yen could be relegated...to induce greater yen acceptance among regional nations, Japan is pumping out some...
|
|
Japan should stop manipulating the yen.(Column)
Automotive News;
October 27, 2003 ;
542 words
......trading at less than 110 yen to the dollar, and Japan's automakers have gone into...justify the strength of the yen. If Japan didn't want a rapid shift...hands over the fact that the yen's value has begun to reflect Japan's improving economy. I'm...
|
|
Japan Unleashes Strong WordsTo Talk Up the Faltering Yen
International Herald Tribune;
January 7, 1997 ;
617 words
......Tribune 01-07-1997 Japan wasted no time stepping in to talk up the yen Monday after the currency...main reason for the yen's slide against the...is the weakness of Japan's economy. It is expected...concern about the yen's weakness against...Toyoda, chairman of the Japan Federation of ...
|
|
Bank of Japan refuses to put breaks on yen, causing dollar to weaken...
The Milwaukee Journal Sentinel;
September 22, 1999 ;
314 words
......news of the Bank of Japan's decision was reported...dollar was down 2.50 yen at 105.42. The dollar...reaching 104.87 yen in late trading. The Bank of Japan had been widely...inject money into Japan's banking system...a decline of the yen's value against...
|
|
US-Japan intervention to stem yen's rally likely, NATION
The Nation (Thailand);
April 20, 1999 ;
567 words
......of the United States and Japan to stem the yen's rally could be renewed...that an excessively strong yen is undesirable and that Japan would take decisive steps...premature strengthening of the yen is undesirable for Japan's economy,'' he added. Satian...
|
|
Japan's finance minister defends efforts to weaken yen as interventions...
AP Worldstream;
September 19, 2003 ;
301 words
......09-19-2003 Dateline: TOKYO Japan's finance minister...efforts to weaken the yen through a dollar-buying...to ministry data, Japan had spent 9.02 trillion yen (US$78.2 billion...they earn less in yen from their overseas sales. Some analysts say Japan's campaign to weaken the ...
|
See all results.
Or, try our
Advanced Search.
|