Economic Adjustment Programme for Cyprus be saved and transferred to Bank of Cyprus (BoC), while shareholder capital would be written off, and the uninsured deposits above €100,000 – along with other creditor claims – would be lost to the degree being decided by how much the receivership subsequently can recover from liquidation of the remaining bad assets. As an extra safety measure, uninsured deposits above €100,000 in BoC will also remain frozen until a recapitalisation has been implemented "(with a possible imposed haircut if this is later deemed needed to reach the requirement for a 9% tier 1 capital ratio)". The targeted closure of Laiki
Japanese asset price bubble in assets (condominiums and offices), this has offered more incentive for wealthy individuals and companies to speculate on the asset price. The Japanese property tax stipulated that the statutory standard property tax stood at 1.4%. However, in terms of effective property tax, it is much lower than the published statutory property tax. In the 1980s, local government imposed a tax on the market price land. Since the valuations did not rise in tandem with the actual rising market price, the effective property tax regressed over the time. As a result, the Greater Tokyo area dropped to 0.06% of the market