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The gloved one - or is it two
Sunday Spotlight, Published on 09/10/2022
» Alan Garcia starts each workday on a cracked plastic stool, hunched over a small vanity mirror, caking on makeup to lighten his skin.
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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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