Yen surges to around 80 per dollar

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• Princes of the Yen whole source · open book

  The yen had risen to around ¥80/$—unthinkable for many just half a year earlier. Exporters were under pressure, demand in the economy faltered, production growth slowed, inventories built up, and firms cut costs to stay in business.

  chapter: 10. How to Prolong a Recession

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• Richard Werner author of the source

Appears in 2 stories

• Princes of the Yen: Japan built, bubbled, and broken step 245
• The lost decade: credit crunch, stimulus, and broken banks step 19

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