CHRONOLOGY

1986

Strong JPY forex impact countered by easy money and launch of the Credit Bubble with massive asset inflation

1985

Plaza Accord depreciation of USD to regulate the forex instability launched by the Nixon Shock of August 1971

1952

Kishi' Manchuria II Plan of co-ordinated post War recovery with minimum resort to forex loans via FILP funding

 

GLOSSARY

forex

foreign exchange

nicely parallelling Japanese jubako abbreviation gaitame cf gaitameshin

gaitame shijo

forex market

under Big Bang largely shifted to money centre foreign banks cf gaigin

gaitameho

Foreign Trade and Forex Act

maintaining information control for tax policy and forex emergency purposes

gaitameshin

Duties and Forex Consultative Council

MoF advisory committee responsible for deep long term policy cf Acu

tanshi

short term money market and forex etc brokers

as tanshi no sekai wa kan to keiken the tanshi are all feel and experience

Acu

Asian currency unit

East Asian single currency excluding investment etc forex risk cf Euro, Ecu

gaikadate

foreign currency denominated

often problem holding with forex risk, forex settlement and banking complications

gaikoku kawase

foreign exchange

as jubako abbreviation gaitame forex, gaitame soba forex market cf kawase

GGBs

Government Guaranteed Bonds seifu hoshosai

class of bonds issued by FILP agencies frequently the forex tranches

jitsuju gensoku

real demand principle

prior requirement that forex dealing had to be for bona fide exim etc purposes

jubako yomi

nest of boxes pronunciation ju/on hako/kun

kanji reading mixing on and kun as gaitame forex parallel to television in English

kanri

control supervision

as gaitame kanri forex control, keiei kanri management control

kawase

exchange

forex term used for analogous domestic bill/promissory note settlement business

kikinzoku

precious metals

closely defined as means of payment under so called liberalised Forex Act

konran

confusion

as gaitame shijo konran no kiwamari the height of forex market confusion

Manchuria II Plan

FILP programme for Japan's post War reconstruction

FILP Budgets from 1953 funded infrastructure capex with minimal forex loans

ochitsuita

to have settled down

as gaitame soba ga ochitsuita the forex market has steadied

shingikai

council inquiry

as gaikoku kawase shingikai Duties and Forex Consultative Council cf gaitameshin

yuji no sai

emergency situation

bureaucrat justification trotted out for Forex Act reserve powers etc

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