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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 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 ...
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 ...
In 1946, following the Second World War, Japan removed the old currency (旧円券) and introduced the "New Yen" (新円券). [1] Meanwhile, American occupation forces used a parallel system, called B yen, from 1945 to 1958. Since then, together with the economic expansion of Japan, the yen has become one of the major currencies of the world. [9]
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 ...
A weak yen is good for U.S. tourists heading to Japan, meaning each $1 of theirs buys more yen. It can also be a boon for Japan's exporters because it boosts the value of their sales made in U.S ...
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 ...
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 ...