1. During the early 2000s, businesses started borrowing in Japanese yen, where interest rates were almost zero, and investing in US treasury bills, which offered an interest of almost 3 to 4 percent. As a result, Japanese investors could make good money from the interest rate difference. After 2008, due to the global financial crisis, US interest rates came down and the difference i interest rates also declined. This caused the carry trade to stop working.
2. Following the fall of interest rates in the United States, Financial institutions had to sell dollar denominated assets and buy back Japanese Yen to repay their loans. This caused an increase in demand for the yen, and thereby a rise in the value of the yen.
3. Shinzo Abe's policy to purchase government securities help to expand the supply of money, there by reducing its value. Abe's government also agreed to a higher target of inflation. The mechanism at work here was currency manipulation.
4. Yes, I think the Japanese government is engaging in currency manipulation. Other nations should come together and have bilateral talks with the Japanese government. Peaceful means should be sought in order to influence the Japanese government to avoid any kind of currency wars.
5. The japanese exporters, like the Toyota company benefit from a devaluation of the Yen. However, Japanese importers and those wishing to expand their business abroad are the ones who are hurt by the fall in the price of Yen, as this reduces their offshore purchasing power .
6. Foreign exchange markets are always susceptible to rises and falls in currency value. This may be due to disasters, financial crises or even government manipulation. Moreover, the case study also helps point out that currencies, values, prices and inflations of nations are interrelated. Changes in one country's local market policies may affect other nations too.
Answer:
The correct statement is the last one: <em>Southerners did not want to enlist African Americans into the army</em>.
Explanation:
Southerners did not want to enlist black soldiers because this would undermine the major argument of the Confederacy to go to war: the defense of slavery. They could not expect that once slaves were enlisted they would later go back to slave labor.
The South seceded to defend their property, which is their slaves. Slavery was a major foundation of Southern identity. They did not approve of the enlistment of black people until imminent defeat in 1865.
The correct answer to this open question is the following.
The mutual responsibilities that Confucianism define for the emperor and his subjects were the following.
Emperors had the role to be educators. Their responsibilities were to offer proper education to its people and transform them into better individuals who could help other people. Emperors should never force laws and regulations to force people to get an education or to do something against their will. Confucianism appealed to the high moral values that emperors had to show. They were the ones that have to set the example. On the other hand, subjects have to accept these changes and transformations that were set to develop them into better subjects that could improve the life and conditions of the empire. Subjects should show reciprocity and follow through once the Emperor was the first to live by example.
Answer:
C.
Explanation:
God fulfiled the promises of the old Covenant that he had made in the Old Testament.
Mongol leader Genghis Khan (1162-1227) rose from humble beginnings to establish the largest land empire in history. After uniting the nomadic tribes of the Mongolian plateau, he conquered huge chunks of central Asia and China. ... Genghis Khan died in 1227 during a military campaign against the Chinese kingdom of Xi Xia.
Unifying the Mongols was no small achievement — it meant bringing together a whole series of disparate tribes. Economically the tribal unit was optimal for a pastoral-nomadic group, but Chinggis brought all the tribes together into one confederation, with all its loyalty placed in himself.
Hope this helps !
Have a great day! :)
