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After World War II the United States-administered Okinawa issued a higher-valued currency called the B yen from 1946 to 1958, which was then replaced by the U.S. dollar at the rate of $1 = 120 B yen. Upon the reversion of Okinawa to Japan in 1972 the Japanese yen then replaced the dollar. In light of the dollar's reduction in value from ¥360 ...
yen expensive) or Endaka Fukyo (Japanese: 円高不況, lit. yen expensive recession) is a state in which the value of the Japanese yen is high compared to other currencies. Since the economy of Japan is highly dependent on exports, this can cause Japan to fall into an economic recession. The opposite of endaka is en'yasu (Japanese: 円安, lit ...
The weak yen was once a cause for celebration for Japanese companies as it meant they could sell cars and cameras cheaper abroad and saw fatter profits when earnings were brought home. These days ...
The weak yen was once a cause for celebration for Japanese companies, as they could sell cars and cameras cheaper abroad and enjoyed fatter profits when earnings were brought home. After years of ...
The value of Japan's currency has tumbled so much that for a moment on Monday it took 160 yen to equal $1. A few years ago, it took closer to 100 yen to make a U.S. dollar.
The beginning of the Second Sino-Japanese War in 1937 led to renewed efforts to expand the yen bloc to China in an effort to push out western investment. The North China Economic Development Company was established with the aim of reducing non-Japanese economic penetration in North China, and the Chinese Maritime Customs Service was disrupted in an effort to degrade the credit rating of the ...
The Japanese yen fell past the psychological 135 line to levels against the U.S. dollar last seen in October 1998. The Bank of Japan and the Japanese government on Friday gave a rare joint ...
The Badaling Great Wall near Zhangjiakou is the most famous stretch of the wall, as it was the first section to be opened to the public in the People's Republic of China; foreign dignitaries would be shown this section on visits to the Great Wall. [54]