Officially directed anti-Japanese actions have included stalled customs clearances, cancelled or deferred commercial contract negotiations, cancelled exhibitions and delegation exchanges.
As part of his employee contract with the Irish company, most of his salary is diverted into a nonqualified deferred-compensation plan, and held in a so-called Rabbi trust in a Caribbean tax haven, where it grows tax free.
The deferred September 2012 maturity rose lowering its implied yield to 0.80% and close to a contract high reached in November when its implied yield slipped to 0.73%.