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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 ...
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 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 first Japanese embassy to China is recorded to have been sent in 630. [1] The importance of metallic currency appeared to Japanese nobles, probably leading to some coin minting at the end of the 7th century, [ 3 ] such as the Fuhonsen coinage (富本銭), discovered in 1998 through archaeological research in Nara Prefecture . [ 1 ]
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 ...
Tourists in Japan now have a lot of spending power, as the yen hits record lows against the U.S. dollar. That’s making hotels, sightseeing and family meals cheaper for foreign visitors than they ...