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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 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 ...
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 ...
The Japanese yen, long a safe haven, is not reacting to crisis this time around the way it has in the past. In fact, the yen just broke through a key long-term level of technical support and is ...
It was announced on March 7, 1949. The Dodge Line was a major element of the so-called Reverse Course—a broader shift in the policies of the U.S.-led military occupation of Japan from an initial phase of demilitarizing and democratizing Japan to remilitarizing and economically strengthening Japan in response to rising Cold War tensions in ...
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 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 ...
Japanese policymakers escalated their warnings against sharp yen falls with the finance minister saying the currency's slump to two-decade lows versus the dollar would damage the economy by ...