JAPAN: Fat Yens
The Japanese yen continued last week its recent upward movement (TIME, March 1). As Chinese merchants invested heavily in yen at Shanghai and Hongkong, Japanese bankers watched the quotations creep up and up at Tokyo. Before the week closed, parch-ment-skinned board-boys 'chalked up a weird symbol meaning "One yen equals 47.312c today"—the nearest approach to parity (49.85c) since 1923.
Most Popular »
- The Growing Backlash Against Overparenting
- Super-Crocodiles May Have Dined on Dinosaurs
- Toilets
- Woman Loses Benefits over Facebook Photo
- Singh in Washington: Making the Case for India
- Will Private Equity Be the Next Meltdown?
- The Fall of Greg Craig, Obama's Top Lawyer
- Why Exercise Won't Make You Thin
- The Political Fallout of Egypt's Soccer War
- Can the A380 Bring the Party Back to the Skies?
- The Growing Backlash Against Overparenting
- Will Private Equity Be the Next Meltdown?
- Toilets
- Super-Crocodiles May Have Dined on Dinosaurs
- Why Exercise Won't Make You Thin
- The Fall of Greg Craig, Obama's Top Lawyer
- Troubling Rise of Facebook's Top Game Company
- Singh in Washington: Making the Case for India
- Can the A380 Bring the Party Back to the Skies?
- The Dark Side of Darwin's Legacy
Quotes of the Day »
A POSTING on Golf.com by an anonymous player who said President Obama and his friends moved painfully slowly on the links
Quotes of the Day »
A POSTING on Golf.com by an anonymous player who said President Obama and his friends moved painfully slowly on the links
RSS