At the beginning of 1989, interest rate in Japan is 4%, which is much lower than that
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At the beginning of 1989, interest rate in Japan is 4%, which is much lower than that in US. This significant interest rate differential prompts US property developers to borrow in yen to fund their projects. Do you agree? Comment on their actions.
Related Book For
Advanced Accounting
ISBN: 978-1934319307
2nd edition
Authors: Susan S. Hamlen, Ronald J. Huefner, James A. Largay III
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