In Okinawa Prefecture, inbound tourism consumption and business fixed investment in the private sector, including the construction of new hotels, have been increasing amid the rising trend in the number of domestic and international tourists, despite a temporary fall in the number brought about by typhoons in July. These represent the driving force for the growth of Okinawa's economy.
Hence, by marking to market, we sometimes were booking unrealized losses on our bonds at the end of the year. We have resolved this by reclassifying the bonds as “available for sale”. Our external auditors have advised us that under this new accounting classification, we do not have to take the unrealized losses to the profit and loss statement of the Bank.