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How did Japan become so cheap?
Oped, Published on 09/03/2022
» Every month, the Bank for International Settlements calculates and publishes the real and nominal effective exchange rates for major currencies. The most recent data, released in mid-February, contained a shock for Japan. They show that the yen's real effective exchange rate (Reer, representing roughly the purchasing power of the currency) is now as low as it was in the early 1970s when the yen was first floated following the collapse of the Bretton Woods and Smithsonian systems of fixed exchange rates.
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India, China key to ending region's haze
News, Adam Minter, Published on 19/10/2015
» The thick haze that's blanketed much of Southeast Asia for the last month carries the ashy remains of Indonesian forests and peatlands -- burnt in many cases to clear land for producing palm oil, the world's most popular edible oil.
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