Up, up and away: the yen

Article Abstract:

The Japanese yen has gained 6% against the German D-mark and 5% against the US dollar since August of 1992. The rising value of the yen results from the unstable European currency market, which has encouraged the Japanese to withdraw European investments.

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Life after death: Japanese bonds

Article Abstract:

Japan's attempt to revive its economy by bolstering the Tokyo stockmarket has had mixed results. A thriving domestic bond market may be the likely result, as banks that have been reluctant to lend will soon be allowed to set up securities subsidiaries.

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Upward bound: Japanese money supply

Article Abstract:

Japan's leading monetary indicator, M2 plus certificates of deposit, increased by 0.2% in Feb 1993. The news delighted investors, and the rise may have resulted from a higher demand for money after the 0.7 trillion yen supplementary budget of 1992.

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