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1978: The yen was strengthened to 180 per dollar, resulting in the first endaka. 1979–1984: yen remained between 200–250 per dollar. 1985: The Plaza Accord revalued the yen from 250 to 160 per dollar. 1986–1988: yen further strengthened to 120 per dollar, resulting in the second endaka. 1989–1995: yen fluctuated between 100 and 160 per ...
Name Age Net Worth Source of Wealth Notes 1: Masayoshi Son: 55: US$22.3 billion: Softbank: 2: Tadashi Yanai & family: 64: US$15.5 billion: Fast Retailing: 3: Nobutada Saji & family: 67
Total inbound tourism spending rose to 1.75 trillion yen ($10.8 billion) ... A year ago, one U.S. dollar was worth 140 yen; it's worth around 161 yen now. ... U.S. central bank's moves during the ...
The inheritance tax is very high in Japan, reported to be 75% of the market price for over 500 million yen until 1988, and it is still 70% of the market price for over 2 billion yen. [33] Yet the appraisal of land for tax purposes used to be about one-half of the market value and the debt was considered at face value during the bubble period.
Recent gains in the stock markets have come against the backdrop of a weakening Japanese yen, last at 150.40 against the dollar, driven largely by the divergence between high U.S. interest rates ...
However, the 1965 budget issued 259 billion yen in deficit-covering bonds, and the next year's budget in 1966 allotted 730 billion yen in construction bonds. [25] By 1990, the government did not issue a national bond due to the Japanese asset price bubble. Bonds were issued again in 1994, and have been issued every year since.
Honda’s April-December 2024 profit totaled 805 billion yen ($5 billion), down from 869.6 billion yen the same period in 2023. Nine-month sales gained nearly 9% to 16.3 trillion yen ($106 billion).
During the 1980s, Japan's current account balance shot from a record deficit of US$10.7 billion in 1980 to a record surplus of US$87 billion in 1987 before declining to US$57.1 billion in 1989. As a share of GNP , this surplus reached a peak of 4.4 percent in 1985, a large value for a current account surplus.