at 1%. In 1997, as financial crisis in East-Asia was broadening, Yen carry assets were paid off. In addition, The sharp increase in foreign bank assets in 1997 and 1998 is accounted for by the increase in “bills bought.” The Japan premium ruling at the time meant that non-Japanese banks had a considerable pricing advantage over local Japanese rivals, and managed to exploit this advantage.
non-Japanese banks had a considerable pricing advantage over local Japanese rivals, and managed to exploit this advantage.
2) In 1999, the Bank of Japan lowers the interest rate at 0%. In 2001, the U.S. lower its interest rate suddenly after the dotcom bubble burst. Yen carry assets were paid off again.
3) Japan continued to retain the zero interest rate and the U.S. rose the interest
SNOW FALLING ON CEDARS
Screenplay by Ron Bass and Scott Hicks
Based on the novel by David Guterson
May 4, 1998
NOTE: THE HARD COPY OF THIS SCRIPT CONTAINED SCENE NUMBERS
AND SOME "OMITTED" SLUGS. THEY HAVE BEEN REMOVED FOR THIS
SOFT COPY.
EXT. THE SUSAN MARIE, SHIP CHANNEL BANK - NIGHT
Fog. Penetrated only by sound. The LAPPING of sea at a
drifting hull. Tendrils of mist part, revealing...
...a f
<1.Tokyo Disney Resort>
Tokyo Disney Resort is a theme park and vacation resort located in Urayasu, Chiba, Japan, just east of Tokyo. It is owned and operated by the Oriental Land Company with a license from The Walt Disney Company. The resort opened on April 15, 1983, as a single theme park (Tokyo disneyland), but developed into a resort with two theme parks, two (Disney) hotels and a shoppin