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.
meant that 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 th
Dream Society means
not only just market needs are exceeding
the physical wealth but also
a society changed into emotional things
such as culture, value, thoughts, and beliefs.
It is a society not competing by function
but distinct products by design, brand, and even a story.
The trend is already progressing in the beginningof the 21st century and Nike and Coke are representative co
1, Veil
1) Meaning of veil
A veil is an article of clothing, worn almost exclusively by women, that is intended to cover some part of the head or face. One view is that as a religious item, it is intended to show honor to an object or space.
Use: For centuries, women have worn sheer veils, but only under certain circumstances. They would have been used, as an alternative to a mask, as a simp
meaning of the Hijab ranges from a form of empowerment for the woman choosing to wear it to a means of seclusion and containment imposed by others'
Of course, these statements not all western civilization’s opinion….
But, generally speaking in Western, they argue that Hijab violate woman’s right some aspects.
They says….
• Hijab violates woman’s freedom of desiring for b