BRENDAN D. BROWN is Director and Head of Research at Tokyo-Mitsubishi International plc, London. He is an international economist, specialising in the analysis of global capital flows and currencies and has post-graduate qualifications from the University of Chicago and London School of Economics. He is the author of many books and articles on international finance, and is the author of a column in Nikkei Kin-yu Shimbun, the main financial newspaper of Japan. - ROBERT Z. ALIBER is Professor of International Finance at the University of Chicago Graduate School of Business. He has written a number of books, and acts as a consultant on currency and financial outlook.

• Overview A Brief History of the Yo-Yo Yen Why So Violent? The YEN-EURO-US Dollar Triangle The Yo-Yo Yen Was Not Manufactured in Washington Asian Economies and the Yo-Yo Yen What Could Tame the Yen? Lessons of the Yo-Yo Yen Japan's Ageing Population and the Long-run Future of the Yen