Japanese currency the basic unit of currency used in Japan
of monetary, international, and development economics until 2004. His book Princes of the Yen (2003) is the seminal work on the Bank of Japan, and in New Paradigm in Macroeconomics (2005) he warned about the impending collapse of the British banking system. Professor Werner has been voted a top economist
Monetary policies in the first half of the 2000s led to the yield curves in most major economies becoming flat or inverted. As a result, the scope for funding carry trades narrowed down to the Japanese yen and the Swiss franc. By early 2007, it is estimated that US$1 trillion was staked on the yen
This should have the spin-off benefit of weakening the yen, the current strength of which is undoubtedly crippling Japanese export trade.
By Stuart Thomson
Illustration: A forward transaction to buy yen for a capital equipment purchase has been made. Delivery will be late. A way around this problem would be to take delivery of the yen as agreed and put the amount on deposit until needed. As yen interest rates are lower than for sterling
By Steve Robinson
Definitions of ’yen’ and meaning of ’yen’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’yen’ and other financial terms with our online QFINANCE Financial Dictionary.