id	sid	tid	token	lemma	pos
iiclr-17445	1	1	japan	japan	PROPN
iiclr-17445	1	2	's	's	PART
iiclr-17445	1	3	investment	investment	NOUN
iiclr-17445	1	4	trust	trust	NOUN
iiclr-17445	1	5	:	:	PUNCT
iiclr-17445	1	6	a	a	DET
iiclr-17445	1	7	vehicle	vehicle	NOUN
iiclr-17445	1	8	of	of	ADP
iiclr-17445	1	9	savings	saving	NOUN
iiclr-17445	1	10	for	for	ADP
iiclr-17445	1	11	tomorrow	tomorrow	NOUN
iiclr-17445	1	12	japan	japan	PROPN
iiclr-17445	1	13	's	's	PART
iiclr-17445	1	14	investment	investment	NOUN
iiclr-17445	1	15	trust	trust	NOUN
iiclr-17445	1	16	:	:	PUNCT
iiclr-17445	1	17	a	a	DET
iiclr-17445	1	18	vehicle	vehicle	NOUN
iiclr-17445	1	19	of	of	ADP
iiclr-17445	1	20	savings	saving	NOUN
iiclr-17445	1	21	for	for	ADP
iiclr-17445	1	22	tomorrow	tomorrow	NOUN
iiclr-17445	1	23	noboru	noboru	NOUN
iiclr-17445	1	24	tanabe	tanabe	PROPN
iiclr-17445	1	25	*	*	PROPN
iiclr-17445	1	26	i.	i.	PROPN
iiclr-17445	1	27	introduction	introduction	PROPN
iiclr-17445	1	28	japan	japan	PROPN
iiclr-17445	1	29	's	's	PART
iiclr-17445	1	30	investment	investment	NOUN
iiclr-17445	1	31	trusts	trust	NOUN
iiclr-17445	1	32	have	have	AUX
iiclr-17445	1	33	experienced	experience	VERB
iiclr-17445	1	34	phenomenal	phenomenal	ADJ
iiclr-17445	1	35	growth	growth	NOUN
iiclr-17445	1	36	over	over	ADP
iiclr-17445	1	37	the	the	DET
iiclr-17445	1	38	past	past	ADJ
iiclr-17445	1	39	decade	decade	NOUN
iiclr-17445	1	40	.	.	PUNCT
iiclr-17445	2	1	from	from	ADP
iiclr-17445	2	2	1979	1979	NUM
iiclr-17445	2	3	to	to	ADP
iiclr-17445	2	4	1989	1989	NUM
iiclr-17445	2	5	,	,	PUNCT
iiclr-17445	2	6	the	the	DET
iiclr-17445	2	7	total	total	ADJ
iiclr-17445	2	8	net	net	ADJ
iiclr-17445	2	9	assets	asset	NOUN
iiclr-17445	2	10	of	of	ADP
iiclr-17445	2	11	japan	japan	PROPN
iiclr-17445	2	12	's	's	PART
iiclr-17445	2	13	investment	investment	NOUN
iiclr-17445	2	14	trusts	trust	NOUN
iiclr-17445	2	15	grew	grow	VERB
iiclr-17445	2	16	from	from	ADP
iiclr-17445	2	17	6	6	NUM
iiclr-17445	2	18	trillion	trillion	NUM
iiclr-17445	2	19	yen	yen	NOUN
iiclr-17445	2	20	to	to	ADP
iiclr-17445	2	21	58.6	58.6	NUM
iiclr-17445	2	22	trillion	trillion	NUM
iiclr-17445	2	23	yen	yen	NOUN
iiclr-17445	2	24	,	,	PUNCT
iiclr-17445	2	25	an	an	DET
iiclr-17445	2	26	almost	almost	ADV
iiclr-17445	2	27	tenfold	tenfold	ADJ
iiclr-17445	2	28	increase	increase	NOUN
iiclr-17445	2	29	.	.	PUNCT
iiclr-17445	3	1	i	i	PRON
iiclr-17445	3	2	during	during	ADP
iiclr-17445	3	3	this	this	DET
iiclr-17445	3	4	same	same	ADJ
iiclr-17445	3	5	period	period	NOUN
iiclr-17445	3	6	,	,	PUNCT
iiclr-17445	3	7	the	the	DET
iiclr-17445	3	8	total	total	ADJ
iiclr-17445	3	9	net	net	ADJ
iiclr-17445	3	10	assets	asset	NOUN
iiclr-17445	3	11	of	of	ADP
iiclr-17445	3	12	the	the	DET
iiclr-17445	3	13	united	united	PROPN
iiclr-17445	3	14	states	states	PROPN
iiclr-17445	3	15	'	'	PART
iiclr-17445	3	16	mutual	mutual	ADJ
iiclr-17445	3	17	funds	fund	NOUN
iiclr-17445	3	18	industry	industry	NOUN
iiclr-17445	3	19	also	also	ADV
iiclr-17445	3	20	increased	increase	VERB
iiclr-17445	3	21	at	at	ADP
iiclr-17445	3	22	a	a	DET
iiclr-17445	3	23	tenfold	tenfold	ADJ
iiclr-17445	3	24	rate	rate	NOUN
iiclr-17445	3	25	from	from	ADP
iiclr-17445	3	26	94.5	94.5	NUM
iiclr-17445	3	27	billion	billion	NUM
iiclr-17445	3	28	dollars	dollar	NOUN
iiclr-17445	3	29	to	to	ADP
iiclr-17445	3	30	982	982	NUM
iiclr-17445	3	31	billion	billion	NUM
iiclr-17445	3	32	dollars.2	dollars.2	ADJ
iiclr-17445	3	33	if	if	SCONJ
iiclr-17445	3	34	japan	japan	PROPN
iiclr-17445	3	35	's	's	PART
iiclr-17445	3	36	investment	investment	NOUN
iiclr-17445	3	37	*	*	PUNCT
iiclr-17445	3	38	mr	mr	PROPN
iiclr-17445	3	39	.	.	PROPN
iiclr-17445	3	40	tanabe	tanabe	PROPN
iiclr-17445	3	41	is	be	AUX
iiclr-17445	3	42	the	the	DET
iiclr-17445	3	43	chairman	chairman	NOUN
iiclr-17445	3	44	of	of	ADP
iiclr-17445	3	45	the	the	DET
iiclr-17445	3	46	board	board	NOUN
iiclr-17445	3	47	of	of	ADP
iiclr-17445	3	48	counselors	counselor	NOUN
iiclr-17445	3	49	,	,	PUNCT
iiclr-17445	3	50	japan	japan	PROPN
iiclr-17445	3	51	investment	investment	PROPN
iiclr-17445	3	52	trust	trust	PROPN
iiclr-17445	3	53	system	system	PROPN
iiclr-17445	3	54	research	research	PROPN
iiclr-17445	3	55	institute	institute	PROPN
iiclr-17445	3	56	.	.	PUNCT
iiclr-17445	4	1	after	after	ADP
iiclr-17445	4	2	graduating	graduate	VERB
iiclr-17445	4	3	from	from	ADP
iiclr-17445	4	4	hitotsubashi	hitotsubashi	PROPN
iiclr-17445	4	5	university	university	PROPN
iiclr-17445	4	6	,	,	PUNCT
iiclr-17445	4	7	mr	mr	PROPN
iiclr-17445	4	8	.	.	PROPN
iiclr-17445	4	9	tanabe	tanabe	PROPN
iiclr-17445	4	10	began	begin	VERB
iiclr-17445	4	11	his	his	PRON
iiclr-17445	4	12	career	career	NOUN
iiclr-17445	4	13	with	with	ADP
iiclr-17445	4	14	japan	japan	PROPN
iiclr-17445	4	15	's	's	PART
iiclr-17445	4	16	ministry	ministry	PROPN
iiclr-17445	4	17	of	of	ADP
iiclr-17445	4	18	finance	finance	PROPN
iiclr-17445	4	19	and	and	CCONJ
iiclr-17445	4	20	held	hold	VERB
iiclr-17445	4	21	various	various	ADJ
iiclr-17445	4	22	key	key	ADJ
iiclr-17445	4	23	posts	post	NOUN
iiclr-17445	4	24	in	in	ADP
iiclr-17445	4	25	banking	banking	NOUN
iiclr-17445	4	26	,	,	PUNCT
iiclr-17445	4	27	securities	security	NOUN
iiclr-17445	4	28	&	&	CCONJ
iiclr-17445	4	29	exchange	exchange	PROPN
iiclr-17445	4	30	and	and	CCONJ
iiclr-17445	4	31	taxation	taxation	NOUN
iiclr-17445	4	32	departments	department	NOUN
iiclr-17445	4	33	.	.	PUNCT
iiclr-17445	5	1	in	in	ADP
iiclr-17445	5	2	1962	1962	NUM
iiclr-17445	5	3	-	-	SYM
iiclr-17445	5	4	63	63	NUM
iiclr-17445	5	5	,	,	PUNCT
iiclr-17445	5	6	mr	mr	PROPN
iiclr-17445	5	7	.	.	PROPN
iiclr-17445	5	8	tanabe	tanabe	PROPN
iiclr-17445	5	9	participated	participate	VERB
iiclr-17445	5	10	in	in	ADP
iiclr-17445	5	11	the	the	DET
iiclr-17445	5	12	international	international	ADJ
iiclr-17445	5	13	tax	tax	NOUN
iiclr-17445	5	14	program	program	NOUN
iiclr-17445	5	15	at	at	ADP
iiclr-17445	5	16	harvard	harvard	PROPN
iiclr-17445	5	17	law	law	PROPN
iiclr-17445	5	18	school	school	NOUN
iiclr-17445	5	19	.	.	PUNCT
iiclr-17445	6	1	from	from	ADP
iiclr-17445	6	2	1964	1964	NUM
iiclr-17445	6	3	to	to	ADP
iiclr-17445	6	4	1967	1967	NUM
iiclr-17445	6	5	,	,	PUNCT
iiclr-17445	6	6	mr	mr	PROPN
iiclr-17445	6	7	.	.	PROPN
iiclr-17445	6	8	tanabe	tanabe	PROPN
iiclr-17445	6	9	worked	work	VERB
iiclr-17445	6	10	for	for	ADP
iiclr-17445	6	11	the	the	PRON
iiclr-17445	6	12	.	.	PUNCT
iiclr-17445	7	1	fiscal	fiscal	ADJ
iiclr-17445	7	2	affairs	affairs	PROPN
iiclr-17445	7	3	department	department	PROPN
iiclr-17445	7	4	of	of	ADP
iiclr-17445	7	5	the	the	DET
iiclr-17445	7	6	international	international	ADJ
iiclr-17445	7	7	monetary	monetary	ADJ
iiclr-17445	7	8	fund	fund	NOUN
iiclr-17445	7	9	.	.	PUNCT
iiclr-17445	8	1	in	in	ADP
iiclr-17445	8	2	1990	1990	NUM
iiclr-17445	8	3	,	,	PUNCT
iiclr-17445	8	4	mr	mr	PROPN
iiclr-17445	8	5	.	.	PROPN
iiclr-17445	8	6	tanabe	tanabe	PROPN
iiclr-17445	8	7	returned	return	VERB
iiclr-17445	8	8	to	to	ADP
iiclr-17445	8	9	harvard	harvard	PROPN
iiclr-17445	8	10	law	law	PROPN
iiclr-17445	8	11	school	school	NOUN
iiclr-17445	8	12	as	as	ADP
iiclr-17445	8	13	a	a	DET
iiclr-17445	8	14	visiting	visit	VERB
iiclr-17445	8	15	scholar	scholar	NOUN
iiclr-17445	8	16	to	to	PART
iiclr-17445	8	17	engage	engage	VERB
iiclr-17445	8	18	in	in	ADP
iiclr-17445	8	19	research	research	NOUN
iiclr-17445	8	20	on	on	ADP
iiclr-17445	8	21	investment	investment	NOUN
iiclr-17445	8	22	trusts	trust	NOUN
iiclr-17445	8	23	from	from	ADP
iiclr-17445	8	24	an	an	DET
iiclr-17445	8	25	international	international	ADJ
iiclr-17445	8	26	perspective	perspective	NOUN
iiclr-17445	8	27	.	.	PUNCT
iiclr-17445	9	1	mr	mr	PROPN
iiclr-17445	9	2	.	.	PROPN
iiclr-17445	9	3	tanabe	tanabe	PROPN
iiclr-17445	9	4	thanks	thank	NOUN
iiclr-17445	9	5	the	the	DET
iiclr-17445	9	6	following	follow	VERB
iiclr-17445	9	7	persons	person	NOUN
iiclr-17445	9	8	for	for	ADP
iiclr-17445	9	9	their	their	PRON
iiclr-17445	9	10	valuable	valuable	ADJ
iiclr-17445	9	11	support	support	NOUN
iiclr-17445	9	12	and	and	CCONJ
iiclr-17445	9	13	advice	advice	NOUN
iiclr-17445	9	14	in	in	ADP
iiclr-17445	9	15	reviewing	review	VERB
iiclr-17445	9	16	earlier	early	ADJ
iiclr-17445	9	17	drafts	draft	NOUN
iiclr-17445	9	18	of	of	ADP
iiclr-17445	9	19	this	this	DET
iiclr-17445	9	20	manuscript	manuscript	NOUN
iiclr-17445	9	21	:	:	PUNCT
iiclr-17445	9	22	professors	professor	NOUN
iiclr-17445	9	23	oliver	oliver	PROPN
iiclr-17445	9	24	oldman	oldman	PROPN
iiclr-17445	9	25	and	and	CCONJ
iiclr-17445	9	26	howell	howell	PROPN
iiclr-17445	9	27	jackson	jackson	PROPN
iiclr-17445	9	28	of	of	ADP
iiclr-17445	9	29	harvard	harvard	PROPN
iiclr-17445	9	30	law	law	PROPN
iiclr-17445	9	31	school	school	PROPN
iiclr-17445	9	32	,	,	PUNCT
iiclr-17445	9	33	robert	robert	PROPN
iiclr-17445	9	34	pozen	pozen	PROPN
iiclr-17445	9	35	of	of	ADP
iiclr-17445	9	36	fidelity	fidelity	PROPN
iiclr-17445	9	37	investments	investment	NOUN
iiclr-17445	9	38	,	,	PUNCT
iiclr-17445	9	39	vito	vito	NOUN
iiclr-17445	9	40	tanzi	tanzi	PROPN
iiclr-17445	9	41	of	of	ADP
iiclr-17445	9	42	the	the	DET
iiclr-17445	9	43	international	international	ADJ
iiclr-17445	9	44	monetary	monetary	ADJ
iiclr-17445	9	45	fund	fund	NOUN
iiclr-17445	9	46	,	,	PUNCT
iiclr-17445	9	47	and	and	CCONJ
iiclr-17445	9	48	john	john	PROPN
iiclr-17445	9	49	tesoro	tesoro	PROPN
iiclr-17445	9	50	of	of	ADP
iiclr-17445	9	51	arthur	arthur	PROPN
iiclr-17445	9	52	anderson	anderson	PROPN
iiclr-17445	9	53	&	&	CCONJ
iiclr-17445	9	54	co.	co.	PROPN
iiclr-17445	9	55	financial	financial	ADJ
iiclr-17445	9	56	support	support	NOUN
iiclr-17445	9	57	for	for	ADP
iiclr-17445	9	58	mr	mr	PROPN
iiclr-17445	9	59	.	.	PROPN
iiclr-17445	9	60	tanabe	tanabe	PROPN
iiclr-17445	9	61	's	's	PART
iiclr-17445	9	62	research	research	NOUN
iiclr-17445	9	63	was	be	AUX
iiclr-17445	9	64	provided	provide	VERB
iiclr-17445	9	65	by	by	ADP
iiclr-17445	9	66	the	the	DET
iiclr-17445	9	67	harvard	harvard	PROPN
iiclr-17445	9	68	law	law	PROPN
iiclr-17445	9	69	school	school	PROPN
iiclr-17445	9	70	pacific	pacific	PROPN
iiclr-17445	9	71	community	community	NOUN
iiclr-17445	9	72	legal	legal	ADJ
iiclr-17445	9	73	research	research	NOUN
iiclr-17445	9	74	program	program	NOUN
iiclr-17445	9	75	,	,	PUNCT
iiclr-17445	9	76	nomura	nomura	NOUN
iiclr-17445	9	77	securities	securities	PROPN
iiclr-17445	9	78	investment	investment	PROPN
iiclr-17445	9	79	trust	trust	PROPN
iiclr-17445	9	80	management	management	PROPN
iiclr-17445	9	81	co.	co.	PROPN
iiclr-17445	9	82	,	,	PUNCT
iiclr-17445	9	83	and	and	CCONJ
iiclr-17445	9	84	arthur	arthur	PROPN
iiclr-17445	9	85	andersen	andersen	PROPN
iiclr-17445	9	86	&	&	CCONJ
iiclr-17445	9	87	co.	co.	PROPN
iiclr-17445	9	88	major	major	ADJ
iiclr-17445	9	89	research	research	NOUN
iiclr-17445	9	90	assistance	assistance	NOUN
iiclr-17445	9	91	on	on	ADP
iiclr-17445	9	92	this	this	DET
iiclr-17445	9	93	paper	paper	NOUN
iiclr-17445	9	94	was	be	AUX
iiclr-17445	9	95	provided	provide	VERB
iiclr-17445	9	96	by	by	ADP
iiclr-17445	9	97	timothy	timothy	PROPN
iiclr-17445	9	98	church	church	PROPN
iiclr-17445	9	99	,	,	PUNCT
iiclr-17445	9	100	and	and	CCONJ
iiclr-17445	9	101	additional	additional	ADJ
iiclr-17445	9	102	research	research	NOUN
iiclr-17445	9	103	was	be	AUX
iiclr-17445	9	104	provided	provide	VERB
iiclr-17445	9	105	by	by	ADP
iiclr-17445	9	106	atsuko	atsuko	PROPN
iiclr-17445	9	107	hirose	hirose	PROPN
iiclr-17445	9	108	both	both	DET
iiclr-17445	9	109	harvard	harvard	PROPN
iiclr-17445	9	110	law	law	PROPN
iiclr-17445	9	111	school	school	NOUN
iiclr-17445	9	112	students	student	NOUN
iiclr-17445	9	113	of	of	ADP
iiclr-17445	9	114	the	the	DET
iiclr-17445	9	115	j.d	j.d	PROPN
iiclr-17445	9	116	.	.	PROPN
iiclr-17445	9	117	class	class	NOUN
iiclr-17445	9	118	of	of	ADP
iiclr-17445	9	119	1993	1993	NUM
iiclr-17445	9	120	.	.	PUNCT
iiclr-17445	10	1	1	1	X
iiclr-17445	10	2	.	.	X
iiclr-17445	10	3	investment	investment	NOUN
iiclr-17445	10	4	trusts	trust	VERB
iiclr-17445	10	5	association	association	PROPN
iiclr-17445	10	6	of	of	ADP
iiclr-17445	10	7	japan	japan	PROPN
iiclr-17445	10	8	,	,	PUNCT
iiclr-17445	10	9	monthly	monthly	ADJ
iiclr-17445	10	10	survey	survey	NOUN
iiclr-17445	10	11	of	of	ADP
iiclr-17445	10	12	securities	security	NOUN
iiclr-17445	10	13	investment	investment	NOUN
iiclr-17445	10	14	trusts	trust	NOUN
iiclr-17445	10	15	(	(	PUNCT
iiclr-17445	10	16	dec	dec	PROPN
iiclr-17445	10	17	.	.	PROPN
iiclr-17445	10	18	1990	1990	NUM
iiclr-17445	10	19	)	)	PUNCT
iiclr-17445	10	20	.	.	PUNCT
iiclr-17445	11	1	japanese	japanese	ADJ
iiclr-17445	11	2	investment	investment	NOUN
iiclr-17445	11	3	trusts	trust	VERB
iiclr-17445	11	4	:	:	PUNCT
iiclr-17445	11	5	(	(	PUNCT
iiclr-17445	11	6	total	total	ADJ
iiclr-17445	11	7	net	net	ADJ
iiclr-17445	11	8	assets	asset	NOUN
iiclr-17445	11	9	in	in	ADP
iiclr-17445	11	10	billions	billion	NOUN
iiclr-17445	11	11	of	of	ADP
iiclr-17445	11	12	yen	yen	NOUN
iiclr-17445	11	13	with	with	ADP
iiclr-17445	11	14	%	%	NOUN
iiclr-17445	11	15	in	in	ADP
iiclr-17445	11	16	parenthesis	parenthesis	NOUN
iiclr-17445	11	17	)	)	PUNCT
iiclr-17445	11	18	december	december	PROPN
iiclr-17445	11	19	1979	1979	NUM
iiclr-17445	11	20	december	december	PROPN
iiclr-17445	11	21	1984	1984	NUM
iiclr-17445	11	22	december	december	PROPN
iiclr-17445	11	23	1989	1989	NUM
iiclr-17445	11	24	(	(	PUNCT
iiclr-17445	11	25	1	1	X
iiclr-17445	11	26	)	)	PUNCT
iiclr-17445	11	27	stocks	stock	NOUN
iiclr-17445	11	28	1,840	1,840	NUM
iiclr-17445	11	29	(	(	PUNCT
iiclr-17445	11	30	30.6	30.6	NUM
iiclr-17445	11	31	)	)	PUNCT
iiclr-17445	11	32	2,764	2,764	NUM
iiclr-17445	11	33	(	(	PUNCT
iiclr-17445	11	34	15.1	15.1	NUM
iiclr-17445	11	35	)	)	PUNCT
iiclr-17445	11	36	22,533	22,533	NUM
iiclr-17445	11	37	(	(	PUNCT
iiclr-17445	11	38	38.4	38.4	NUM
iiclr-17445	11	39	)	)	PUNCT
iiclr-17445	11	40	(	(	PUNCT
iiclr-17445	11	41	2	2	X
iiclr-17445	11	42	)	)	PUNCT
iiclr-17445	11	43	warrants	warrant	NOUN
iiclr-17445	11	44	179	179	NUM
iiclr-17445	11	45	(	(	PUNCT
iiclr-17445	11	46	0.3	0.3	NUM
iiclr-17445	11	47	)	)	PUNCT
iiclr-17445	11	48	(	(	PUNCT
iiclr-17445	11	49	3	3	X
iiclr-17445	11	50	)	)	PUNCT
iiclr-17445	11	51	bonds	bond	NOUN
iiclr-17445	11	52	3,096	3,096	NUM
iiclr-17445	11	53	(	(	PUNCT
iiclr-17445	11	54	51.4	51.4	NUM
iiclr-17445	11	55	)	)	PUNCT
iiclr-17445	11	56	13,465	13,465	NUM
iiclr-17445	11	57	(	(	PUNCT
iiclr-17445	11	58	73.6	73.6	NUM
iiclr-17445	11	59	)	)	PUNCT
iiclr-17445	11	60	17,845	17,845	NUM
iiclr-17445	11	61	(	(	PUNCT
iiclr-17445	11	62	30.4	30.4	NUM
iiclr-17445	11	63	)	)	PUNCT
iiclr-17445	11	64	(	(	PUNCT
iiclr-17445	11	65	4	4	X
iiclr-17445	11	66	)	)	PUNCT
iiclr-17445	11	67	call	call	NOUN
iiclr-17445	11	68	loans	loan	NOUN
iiclr-17445	11	69	1,047	1,047	NUM
iiclr-17445	11	70	(	(	PUNCT
iiclr-17445	11	71	17.4	17.4	NUM
iiclr-17445	11	72	)	)	PUNCT
iiclr-17445	11	73	2,145	2,145	NUM
iiclr-17445	11	74	(	(	PUNCT
iiclr-17445	11	75	11.7	11.7	NUM
iiclr-17445	11	76	)	)	PUNCT
iiclr-17445	11	77	18,314	18,314	NUM
iiclr-17445	11	78	(	(	PUNCT
iiclr-17445	11	79	31.2	31.2	NUM
iiclr-17445	11	80	)	)	PUNCT
iiclr-17445	11	81	(	(	PUNCT
iiclr-17445	11	82	5	5	X
iiclr-17445	11	83	)	)	PUNCT
iiclr-17445	11	84	others	other	NOUN
iiclr-17445	11	85	39	39	NUM
iiclr-17445	11	86	(	(	PUNCT
iiclr-17445	11	87	.06	.06	NUM
iiclr-17445	11	88	)	)	PUNCT
iiclr-17445	11	89	-76	-76	PUNCT
iiclr-17445	11	90	(	(	PUNCT
iiclr-17445	11	91	-0.4	-0.4	NOUN
iiclr-17445	11	92	)	)	PUNCT
iiclr-17445	11	93	-222	-222	PROPN
iiclr-17445	11	94	(	(	PUNCT
iiclr-17445	11	95	-0.3	-0.3	PROPN
iiclr-17445	11	96	)	)	PUNCT
iiclr-17445	11	97	total	total	NOUN
iiclr-17445	11	98	6,022	6,022	NUM
iiclr-17445	11	99	18,298	18,298	NUM
iiclr-17445	11	100	58,649	58,649	NUM
iiclr-17445	11	101	call	call	NOUN
iiclr-17445	11	102	loans	loan	NOUN
iiclr-17445	11	103	include	include	VERB
iiclr-17445	11	104	bills	bill	NOUN
iiclr-17445	11	105	bought	buy	VERB
iiclr-17445	11	106	,	,	PUNCT
iiclr-17445	11	107	commercial	commercial	ADJ
iiclr-17445	11	108	paper	paper	NOUN
iiclr-17445	11	109	,	,	PUNCT
iiclr-17445	11	110	and	and	CCONJ
iiclr-17445	11	111	certificates	certificate	NOUN
iiclr-17445	11	112	of	of	ADP
iiclr-17445	11	113	deposit	deposit	NOUN
iiclr-17445	11	114	.	.	PUNCT
iiclr-17445	12	1	2	2	X
iiclr-17445	12	2	.	.	X
iiclr-17445	12	3	u.s	u.s	PROPN
iiclr-17445	12	4	.	.	PROPN
iiclr-17445	12	5	investment	investment	PROPN
iiclr-17445	12	6	company	company	PROPN
iiclr-17445	12	7	institute	institute	PROPN
iiclr-17445	12	8	,	,	PUNCT
iiclr-17445	12	9	mutual	mutual	ADJ
iiclr-17445	12	10	fund	fund	NOUN
iiclr-17445	12	11	fact	fact	NOUN
iiclr-17445	12	12	book	book	NOUN
iiclr-17445	12	13	1990	1990	NUM
iiclr-17445	12	14	,	,	PUNCT
iiclr-17445	12	15	78	78	NUM
iiclr-17445	12	16	(	(	PUNCT
iiclr-17445	12	17	1990	1990	NUM
iiclr-17445	12	18	)	)	PUNCT
iiclr-17445	12	19	.	.	PUNCT
iiclr-17445	13	1	ind	ind	NOUN
iiclr-17445	13	2	.	.	PUNCT
iiclr-17445	14	1	int'l	int'l	PROPN
iiclr-17445	14	2	&	&	CCONJ
iiclr-17445	14	3	comp	comp	PROPN
iiclr-17445	14	4	.	.	PUNCT
iiclr-17445	15	1	l.	l.	PROPN
iiclr-17445	15	2	rev	rev	PROPN
iiclr-17445	15	3	.	.	PROPN
iiclr-17445	16	1	trusts	trust	NOUN
iiclr-17445	16	2	are	be	AUX
iiclr-17445	16	3	to	to	PART
iiclr-17445	16	4	continue	continue	VERB
iiclr-17445	16	5	this	this	DET
iiclr-17445	16	6	vigorous	vigorous	ADJ
iiclr-17445	16	7	expansion	expansion	NOUN
iiclr-17445	16	8	,	,	PUNCT
iiclr-17445	16	9	there	there	PRON
iiclr-17445	16	10	must	must	AUX
iiclr-17445	16	11	be	be	AUX
iiclr-17445	16	12	a	a	DET
iiclr-17445	16	13	deeper	deep	ADJ
iiclr-17445	16	14	understanding	understanding	NOUN
iiclr-17445	16	15	of	of	ADP
iiclr-17445	16	16	the	the	DET
iiclr-17445	16	17	uniqueness	uniqueness	NOUN
iiclr-17445	16	18	of	of	ADP
iiclr-17445	16	19	japan	japan	PROPN
iiclr-17445	16	20	's	's	PART
iiclr-17445	16	21	investment	investment	NOUN
iiclr-17445	16	22	trust	trust	NOUN
iiclr-17445	16	23	,	,	PUNCT
iiclr-17445	16	24	which	which	PRON
iiclr-17445	16	25	is	be	AUX
iiclr-17445	16	26	the	the	DET
iiclr-17445	16	27	result	result	NOUN
iiclr-17445	16	28	of	of	ADP
iiclr-17445	16	29	many	many	ADJ
iiclr-17445	16	30	efforts	effort	NOUN
iiclr-17445	16	31	to	to	PART
iiclr-17445	16	32	develop	develop	VERB
iiclr-17445	16	33	an	an	DET
iiclr-17445	16	34	investment	investment	NOUN
iiclr-17445	16	35	product	product	NOUN
iiclr-17445	16	36	with	with	ADP
iiclr-17445	16	37	a	a	DET
iiclr-17445	16	38	strong	strong	ADJ
iiclr-17445	16	39	savings	saving	NOUN
iiclr-17445	16	40	orientation	orientation	NOUN
iiclr-17445	16	41	.	.	PUNCT
iiclr-17445	17	1	this	this	DET
iiclr-17445	17	2	article	article	NOUN
iiclr-17445	17	3	will	will	AUX
iiclr-17445	17	4	present	present	VERB
iiclr-17445	17	5	an	an	DET
iiclr-17445	17	6	international	international	ADJ
iiclr-17445	17	7	comparison	comparison	NOUN
iiclr-17445	17	8	of	of	ADP
iiclr-17445	17	9	investment	investment	NOUN
iiclr-17445	17	10	trusts	trust	NOUN
iiclr-17445	17	11	and	and	CCONJ
iiclr-17445	17	12	analyze	analyze	VERB
iiclr-17445	17	13	the	the	DET
iiclr-17445	17	14	savings	saving	NOUN
iiclr-17445	17	15	orientation	orientation	NOUN
iiclr-17445	17	16	of	of	ADP
iiclr-17445	17	17	japanese	japanese	ADJ
iiclr-17445	17	18	investment	investment	NOUN
iiclr-17445	17	19	trusts	trust	VERB
iiclr-17445	17	20	with	with	ADP
iiclr-17445	17	21	some	some	DET
iiclr-17445	17	22	discussion	discussion	NOUN
iiclr-17445	17	23	of	of	ADP
iiclr-17445	17	24	their	their	PRON
iiclr-17445	17	25	historical	historical	ADJ
iiclr-17445	17	26	background	background	NOUN
iiclr-17445	17	27	and	and	CCONJ
iiclr-17445	17	28	policy	policy	NOUN
iiclr-17445	17	29	motivations	motivation	NOUN
iiclr-17445	17	30	.	.	PUNCT
iiclr-17445	18	1	finally	finally	ADV
iiclr-17445	18	2	,	,	PUNCT
iiclr-17445	18	3	the	the	DET
iiclr-17445	18	4	article	article	NOUN
iiclr-17445	18	5	will	will	AUX
iiclr-17445	18	6	conclude	conclude	VERB
iiclr-17445	18	7	with	with	ADP
iiclr-17445	18	8	some	some	DET
iiclr-17445	18	9	insights	insight	NOUN
iiclr-17445	18	10	into	into	ADP
iiclr-17445	18	11	the	the	DET
iiclr-17445	18	12	future	future	NOUN
iiclr-17445	18	13	of	of	ADP
iiclr-17445	18	14	the	the	DET
iiclr-17445	18	15	investment	investment	NOUN
iiclr-17445	18	16	trust	trust	NOUN
iiclr-17445	18	17	both	both	CCONJ
iiclr-17445	18	18	in	in	ADP
iiclr-17445	18	19	japan	japan	PROPN
iiclr-17445	18	20	and	and	CCONJ
iiclr-17445	18	21	in	in	ADP
iiclr-17445	18	22	the	the	DET
iiclr-17445	18	23	world	world	NOUN
iiclr-17445	18	24	.	.	PUNCT
iiclr-17445	19	1	due	due	ADP
iiclr-17445	19	2	to	to	ADP
iiclr-17445	19	3	their	their	PRON
iiclr-17445	19	4	expansive	expansive	ADJ
iiclr-17445	19	5	growth	growth	NOUN
iiclr-17445	19	6	,	,	PUNCT
iiclr-17445	19	7	japan	japan	PROPN
iiclr-17445	19	8	's	's	PART
iiclr-17445	19	9	investment	investment	NOUN
iiclr-17445	19	10	trusts	trust	NOUN
iiclr-17445	19	11	at	at	ADP
iiclr-17445	19	12	times	time	NOUN
iiclr-17445	19	13	have	have	AUX
iiclr-17445	19	14	been	be	AUX
iiclr-17445	19	15	called	call	VERB
iiclr-17445	19	16	a	a	DET
iiclr-17445	19	17	new	new	ADJ
iiclr-17445	19	18	industry	industry	NOUN
iiclr-17445	19	19	.	.	PUNCT
iiclr-17445	20	1	this	this	DET
iiclr-17445	20	2	expansive	expansive	ADJ
iiclr-17445	20	3	growth	growth	NOUN
iiclr-17445	20	4	is	be	AUX
iiclr-17445	20	5	the	the	DET
iiclr-17445	20	6	result	result	NOUN
iiclr-17445	20	7	of	of	ADP
iiclr-17445	20	8	the	the	DET
iiclr-17445	20	9	dedicated	dedicated	ADJ
iiclr-17445	20	10	efforts	effort	NOUN
iiclr-17445	20	11	and	and	CCONJ
iiclr-17445	20	12	energy	energy	NOUN
iiclr-17445	20	13	of	of	ADP
iiclr-17445	20	14	many	many	ADJ
iiclr-17445	20	15	people	people	NOUN
iiclr-17445	20	16	within	within	ADP
iiclr-17445	20	17	the	the	DET
iiclr-17445	20	18	securities	security	NOUN
iiclr-17445	20	19	industry	industry	NOUN
iiclr-17445	20	20	.	.	PUNCT
iiclr-17445	21	1	this	this	DET
iiclr-17445	21	2	growth	growth	NOUN
iiclr-17445	21	3	has	have	AUX
iiclr-17445	21	4	been	be	AUX
iiclr-17445	21	5	sparked	spark	VERB
iiclr-17445	21	6	by	by	ADP
iiclr-17445	21	7	the	the	DET
iiclr-17445	21	8	gradual	gradual	ADJ
iiclr-17445	21	9	relaxation	relaxation	NOUN
iiclr-17445	21	10	of	of	ADP
iiclr-17445	21	11	controls	control	NOUN
iiclr-17445	21	12	by	by	ADP
iiclr-17445	21	13	regulatory	regulatory	ADJ
iiclr-17445	21	14	authorities	authority	NOUN
iiclr-17445	21	15	and	and	CCONJ
iiclr-17445	21	16	by	by	ADP
iiclr-17445	21	17	the	the	DET
iiclr-17445	21	18	unprecedented	unprecedented	ADJ
iiclr-17445	21	19	low	low	ADJ
iiclr-17445	21	20	interest	interest	NOUN
iiclr-17445	21	21	rates	rate	NOUN
iiclr-17445	21	22	that	that	PRON
iiclr-17445	21	23	prevailed	prevail	VERB
iiclr-17445	21	24	in	in	ADP
iiclr-17445	21	25	japan	japan	PROPN
iiclr-17445	21	26	throughout	throughout	ADP
iiclr-17445	21	27	the	the	DET
iiclr-17445	21	28	decade	decade	NOUN
iiclr-17445	21	29	of	of	ADP
iiclr-17445	21	30	great	great	ADJ
iiclr-17445	21	31	liquidity	liquidity	NOUN
iiclr-17445	21	32	,	,	PUNCT
iiclr-17445	21	33	especially	especially	ADV
iiclr-17445	21	34	in	in	ADP
iiclr-17445	21	35	the	the	DET
iiclr-17445	21	36	1980s	1980s	NUM
iiclr-17445	21	37	.	.	PUNCT
iiclr-17445	22	1	japanese	japanese	ADJ
iiclr-17445	22	2	investment	investment	NOUN
iiclr-17445	22	3	trusts	trust	NOUN
iiclr-17445	22	4	have	have	AUX
iiclr-17445	22	5	grown	grow	VERB
iiclr-17445	22	6	from	from	ADP
iiclr-17445	22	7	constituting	constitute	VERB
iiclr-17445	22	8	1.7	1.7	NUM
iiclr-17445	22	9	%	%	NOUN
iiclr-17445	22	10	of	of	ADP
iiclr-17445	22	11	the	the	DET
iiclr-17445	22	12	financial	financial	ADJ
iiclr-17445	22	13	assets	asset	NOUN
iiclr-17445	22	14	held	hold	VERB
iiclr-17445	22	15	by	by	ADP
iiclr-17445	22	16	individuals	individual	NOUN
iiclr-17445	22	17	in	in	ADP
iiclr-17445	22	18	japan	japan	PROPN
iiclr-17445	22	19	in	in	ADP
iiclr-17445	22	20	1975	1975	NUM
iiclr-17445	22	21	to	to	ADP
iiclr-17445	22	22	4.9	4.9	NUM
iiclr-17445	22	23	%	%	NOUN
iiclr-17445	22	24	of	of	ADP
iiclr-17445	22	25	such	such	ADJ
iiclr-17445	22	26	assets	asset	NOUN
iiclr-17445	22	27	in	in	ADP
iiclr-17445	22	28	1988	1988	NUM
iiclr-17445	22	29	.	.	PUNCT
iiclr-17445	23	1	3	3	NUM
iiclr-17445	23	2	in	in	ADP
iiclr-17445	23	3	comparison	comparison	NOUN
iiclr-17445	23	4	,	,	PUNCT
iiclr-17445	23	5	the	the	DET
iiclr-17445	23	6	proportion	proportion	NOUN
iiclr-17445	23	7	of	of	ADP
iiclr-17445	23	8	all	all	DET
iiclr-17445	23	9	united	united	PROPN
iiclr-17445	23	10	states	states	PROPN
iiclr-17445	23	11	household	household	NOUN
iiclr-17445	23	12	financial	financial	ADJ
iiclr-17445	23	13	assets	asset	NOUN
iiclr-17445	23	14	held	hold	VERB
iiclr-17445	23	15	in	in	ADP
iiclr-17445	23	16	mutual	mutual	ADJ
iiclr-17445	23	17	funds	fund	NOUN
iiclr-17445	23	18	has	have	AUX
iiclr-17445	23	19	grown	grow	VERB
iiclr-17445	23	20	from	from	ADP
iiclr-17445	23	21	1.8	1.8	NUM
iiclr-17445	23	22	%	%	NOUN
iiclr-17445	23	23	in	in	ADP
iiclr-17445	23	24	1981	1981	NUM
iiclr-17445	23	25	to	to	ADP
iiclr-17445	23	26	6.1	6.1	NUM
iiclr-17445	23	27	%	%	NOUN
iiclr-17445	23	28	in	in	ADP
iiclr-17445	23	29	1989.4	1989.4	NUM
iiclr-17445	23	30	behind	behind	ADP
iiclr-17445	23	31	this	this	DET
iiclr-17445	23	32	expansive	expansive	ADJ
iiclr-17445	23	33	growth	growth	NOUN
iiclr-17445	23	34	stands	stand	VERB
iiclr-17445	23	35	the	the	DET
iiclr-17445	23	36	unique	unique	ADJ
iiclr-17445	23	37	history	history	NOUN
iiclr-17445	23	38	of	of	ADP
iiclr-17445	23	39	japan	japan	PROPN
iiclr-17445	23	40	's	's	PART
iiclr-17445	23	41	investment	investment	NOUN
iiclr-17445	23	42	trust	trust	NOUN
iiclr-17445	23	43	.	.	PUNCT
iiclr-17445	24	1	japanese	japanese	ADJ
iiclr-17445	24	2	investment	investment	NOUN
iiclr-17445	24	3	trusts	trust	NOUN
iiclr-17445	24	4	were	be	AUX
iiclr-17445	24	5	developed	develop	VERB
iiclr-17445	24	6	in	in	ADP
iiclr-17445	24	7	response	response	NOUN
iiclr-17445	24	8	to	to	ADP
iiclr-17445	24	9	the	the	DET
iiclr-17445	24	10	poor	poor	ADJ
iiclr-17445	24	11	state	state	NOUN
iiclr-17445	24	12	of	of	ADP
iiclr-17445	24	13	the	the	DET
iiclr-17445	24	14	japanese	japanese	ADJ
iiclr-17445	24	15	economy	economy	NOUN
iiclr-17445	24	16	after	after	ADP
iiclr-17445	24	17	world	world	PROPN
iiclr-17445	24	18	war	war	PROPN
iiclr-17445	24	19	ii	ii	PROPN
iiclr-17445	24	20	and	and	CCONJ
iiclr-17445	24	21	3	3	X
iiclr-17445	24	22	.	.	PUNCT
iiclr-17445	25	1	the	the	DET
iiclr-17445	25	2	bank	bank	PROPN
iiclr-17445	25	3	of	of	ADP
iiclr-17445	25	4	japan	japan	PROPN
iiclr-17445	25	5	(	(	PUNCT
iiclr-17445	25	6	1988	1988	NUM
iiclr-17445	25	7	)	)	PUNCT
iiclr-17445	25	8	.	.	PUNCT
iiclr-17445	26	1	financial	financial	ADJ
iiclr-17445	26	2	assets	asset	NOUN
iiclr-17445	26	3	held	hold	VERB
iiclr-17445	26	4	by	by	ADP
iiclr-17445	26	5	individuals	individual	NOUN
iiclr-17445	26	6	in	in	ADP
iiclr-17445	26	7	japan	japan	PROPN
iiclr-17445	26	8	(	(	PUNCT
iiclr-17445	26	9	in	in	ADP
iiclr-17445	26	10	hundred	hundred	NUM
iiclr-17445	26	11	billions	billion	NOUN
iiclr-17445	26	12	of	of	ADP
iiclr-17445	26	13	yen	yen	NOUN
iiclr-17445	26	14	with	with	ADP
iiclr-17445	26	15	%	%	NOUN
iiclr-17445	26	16	in	in	ADP
iiclr-17445	26	17	parentheses	parenthesis	NOUN
iiclr-17445	26	18	)	)	PUNCT
iiclr-17445	26	19	1975	1975	NUM
iiclr-17445	26	20	1985	1985	NUM
iiclr-17445	26	21	1988	1988	NUM
iiclr-17445	26	22	1	1	NUM
iiclr-17445	26	23	.	.	PUNCT
iiclr-17445	26	24	cash	cash	NOUN
iiclr-17445	26	25	100	100	NUM
iiclr-17445	26	26	(	(	PUNCT
iiclr-17445	26	27	6.0	6.0	NUM
iiclr-17445	26	28	)	)	PUNCT
iiclr-17445	26	29	202	202	NUM
iiclr-17445	26	30	(	(	PUNCT
iiclr-17445	26	31	3.5	3.5	NUM
iiclr-17445	26	32	)	)	PUNCT
iiclr-17445	26	33	275	275	NUM
iiclr-17445	26	34	(	(	PUNCT
iiclr-17445	26	35	3.5	3.5	NUM
iiclr-17445	26	36	)	)	PUNCT
iiclr-17445	26	37	2	2	NUM
iiclr-17445	26	38	.	.	PUNCT
iiclr-17445	27	1	demand	demand	NOUN
iiclr-17445	27	2	deposits	deposit	NOUN
iiclr-17445	27	3	196	196	NUM
iiclr-17445	27	4	(	(	PUNCT
iiclr-17445	27	5	11.8	11.8	NUM
iiclr-17445	27	6	)	)	PUNCT
iiclr-17445	27	7	358	358	NUM
iiclr-17445	27	8	(	(	PUNCT
iiclr-17445	27	9	6.2	6.2	NUM
iiclr-17445	27	10	)	)	PUNCT
iiclr-17445	27	11	467	467	NUM
iiclr-17445	27	12	(	(	PUNCT
iiclr-17445	27	13	5.9	5.9	NUM
iiclr-17445	27	14	)	)	PUNCT
iiclr-17445	27	15	3	3	NUM
iiclr-17445	27	16	.	.	PUNCT
iiclr-17445	28	1	savings	saving	NOUN
iiclr-17445	28	2	deposits	deposit	NOUN
iiclr-17445	28	3	850	850	NUM
iiclr-17445	28	4	(	(	PUNCT
iiclr-17445	28	5	51.1	51.1	NUM
iiclr-17445	28	6	)	)	PUNCT
iiclr-17445	28	7	2,781	2,781	NUM
iiclr-17445	28	8	(	(	PUNCT
iiclr-17445	28	9	48.0	48.0	NUM
iiclr-17445	28	10	)	)	PUNCT
iiclr-17445	28	11	3,389	3,389	NUM
iiclr-17445	28	12	(	(	PUNCT
iiclr-17445	28	13	42.8	42.8	NUM
iiclr-17445	28	14	)	)	PUNCT
iiclr-17445	28	15	4	4	NUM
iiclr-17445	28	16	.	.	PUNCT
iiclr-17445	29	1	trust	trust	NOUN
iiclr-17445	29	2	accounts	account	VERB
iiclr-17445	29	3	103	103	NUM
iiclr-17445	29	4	(	(	PUNCT
iiclr-17445	29	5	6.2	6.2	NUM
iiclr-17445	29	6	)	)	PUNCT
iiclr-17445	29	7	394	394	NUM
iiclr-17445	29	8	(	(	PUNCT
iiclr-17445	29	9	6.8	6.8	NUM
iiclr-17445	29	10	)	)	PUNCT
iiclr-17445	29	11	503	503	NUM
iiclr-17445	29	12	(	(	PUNCT
iiclr-17445	29	13	6.3	6.3	NUM
iiclr-17445	29	14	)	)	PUNCT
iiclr-17445	29	15	5	5	NUM
iiclr-17445	29	16	.	.	PUNCT
iiclr-17445	30	1	insurances	insurance	NOUN
iiclr-17445	30	2	213	213	NUM
iiclr-17445	30	3	(	(	PUNCT
iiclr-17445	30	4	11.9	11.9	NUM
iiclr-17445	30	5	)	)	PUNCT
iiclr-17445	30	6	886	886	NUM
iiclr-17445	30	7	(	(	PUNCT
iiclr-17445	30	8	15.3	15.3	NUM
iiclr-17445	30	9	)	)	PUNCT
iiclr-17445	30	10	1,464	1,464	NUM
iiclr-17445	30	11	(	(	PUNCT
iiclr-17445	30	12	18.5	18.5	NUM
iiclr-17445	30	13	)	)	PUNCT
iiclr-17445	30	14	6	6	NUM
iiclr-17445	30	15	.	.	PUNCT
iiclr-17445	31	1	securities	security	NOUN
iiclr-17445	31	2	194	194	NUM
iiclr-17445	31	3	(	(	PUNCT
iiclr-17445	31	4	11.7	11.7	NUM
iiclr-17445	31	5	)	)	PUNCT
iiclr-17445	31	6	1,093	1,093	NUM
iiclr-17445	31	7	(	(	PUNCT
iiclr-17445	31	8	18.9	18.9	NUM
iiclr-17445	31	9	)	)	PUNCT
iiclr-17445	31	10	1,750	1,750	NUM
iiclr-17445	31	11	(	(	PUNCT
iiclr-17445	31	12	22.1	22.1	NUM
iiclr-17445	31	13	)	)	PUNCT
iiclr-17445	31	14	(	(	PUNCT
iiclr-17445	31	15	a	a	X
iiclr-17445	31	16	)	)	PUNCT
iiclr-17445	31	17	government	government	NOUN
iiclr-17445	31	18	bonds	bond	NOUN
iiclr-17445	31	19	9	9	NUM
iiclr-17445	31	20	(	(	PUNCT
iiclr-17445	31	21	0.5	0.5	NUM
iiclr-17445	31	22	)	)	PUNCT
iiclr-17445	31	23	164	164	NUM
iiclr-17445	31	24	(	(	PUNCT
iiclr-17445	31	25	2.8	2.8	NUM
iiclr-17445	31	26	)	)	PUNCT
iiclr-17445	31	27	98	98	NUM
iiclr-17445	31	28	(	(	PUNCT
iiclr-17445	31	29	1.2	1.2	NUM
iiclr-17445	31	30	)	)	PUNCT
iiclr-17445	31	31	(	(	PUNCT
iiclr-17445	31	32	b	b	X
iiclr-17445	31	33	)	)	PUNCT
iiclr-17445	31	34	financial	financial	ADJ
iiclr-17445	31	35	bonds	bond	NOUN
iiclr-17445	31	36	66	66	NUM
iiclr-17445	31	37	(	(	PUNCT
iiclr-17445	31	38	4.0	4.0	NUM
iiclr-17445	31	39	)	)	SYM
iiclr-17445	31	40	198	198	NUM
iiclr-17445	31	41	(	(	PUNCT
iiclr-17445	31	42	3.4	3.4	NUM
iiclr-17445	31	43	)	)	PUNCT
iiclr-17445	31	44	199	199	NUM
iiclr-17445	31	45	(	(	PUNCT
iiclr-17445	31	46	2.5	2.5	NUM
iiclr-17445	31	47	)	)	PUNCT
iiclr-17445	31	48	(	(	PUNCT
iiclr-17445	31	49	c	c	X
iiclr-17445	31	50	)	)	PUNCT
iiclr-17445	31	51	stocks	stock	NOUN
iiclr-17445	31	52	52	52	NUM
iiclr-17445	31	53	(	(	PUNCT
iiclr-17445	31	54	3.1	3.1	NUM
iiclr-17445	31	55	)	)	PUNCT
iiclr-17445	31	56	485	485	NUM
iiclr-17445	31	57	(	(	PUNCT
iiclr-17445	31	58	8.4	8.4	NUM
iiclr-17445	31	59	)	)	PUNCT
iiclr-17445	31	60	987	987	NUM
iiclr-17445	31	61	(	(	PUNCT
iiclr-17445	31	62	12.5	12.5	NUM
iiclr-17445	31	63	)	)	PUNCT
iiclr-17445	31	64	(	(	PUNCT
iiclr-17445	31	65	d	d	X
iiclr-17445	31	66	)	)	PUNCT
iiclr-17445	31	67	collective	collective	ADJ
iiclr-17445	31	68	investment	investment	NOUN
iiclr-17445	31	69	trusts	trust	VERB
iiclr-17445	31	70	29	29	NUM
iiclr-17445	31	71	(	(	PUNCT
iiclr-17445	31	72	1.7	1.7	NUM
iiclr-17445	31	73	)	)	PUNCT
iiclr-17445	31	74	170	170	NUM
iiclr-17445	31	75	(	(	PUNCT
iiclr-17445	31	76	2.9	2.9	NUM
iiclr-17445	31	77	)	)	PUNCT
iiclr-17445	31	78	387	387	NUM
iiclr-17445	31	79	(	(	PUNCT
iiclr-17445	31	80	4.9	4.9	NUM
iiclr-17445	31	81	)	)	PUNCT
iiclr-17445	31	82	(	(	PUNCT
iiclr-17445	31	83	e	e	NOUN
iiclr-17445	31	84	)	)	PUNCT
iiclr-17445	31	85	other	other	ADJ
iiclr-17445	31	86	securities	security	NOUN
iiclr-17445	31	87	38	38	NUM
iiclr-17445	31	88	(	(	PUNCT
iiclr-17445	31	89	2.3	2.3	NUM
iiclr-17445	31	90	)	)	PUNCT
iiclr-17445	31	91	76	76	NUM
iiclr-17445	31	92	(	(	PUNCT
iiclr-17445	31	93	1.3	1.3	NUM
iiclr-17445	31	94	)	)	PUNCT
iiclr-17445	31	95	79	79	NUM
iiclr-17445	31	96	(	(	PUNCT
iiclr-17445	31	97	1.0	1.0	NUM
iiclr-17445	31	98	)	)	PUNCT
iiclr-17445	31	99	7	7	NUM
iiclr-17445	31	100	.	.	PUNCT
iiclr-17445	31	101	others	other	NOUN
iiclr-17445	31	102	7	7	NUM
iiclr-17445	31	103	(	(	PUNCT
iiclr-17445	31	104	0.4	0.4	NUM
iiclr-17445	31	105	)	)	PUNCT
iiclr-17445	31	106	78	78	NUM
iiclr-17445	31	107	(	(	PUNCT
iiclr-17445	31	108	1.3	1.3	NUM
iiclr-17445	31	109	)	)	SYM
iiclr-17445	31	110	70	70	NUM
iiclr-17445	31	111	(	(	PUNCT
iiclr-17445	31	112	0.9	0.9	NUM
iiclr-17445	31	113	)	)	PUNCT
iiclr-17445	31	114	total	total	VERB
iiclr-17445	31	115	1,663	1,663	NUM
iiclr-17445	31	116	5,792	5,792	NUM
iiclr-17445	31	117	7,918	7,918	NUM
iiclr-17445	31	118	4	4	NUM
iiclr-17445	31	119	.	.	PUNCT
iiclr-17445	32	1	u.s	u.s	PROPN
iiclr-17445	32	2	.	.	PROPN
iiclr-17445	32	3	investment	investment	PROPN
iiclr-17445	32	4	company	company	PROPN
iiclr-17445	32	5	institute	institute	PROPN
iiclr-17445	32	6	,	,	PUNCT
iiclr-17445	32	7	supra	supra	PROPN
iiclr-17445	32	8	note	note	PROPN
iiclr-17445	32	9	2	2	NUM
iiclr-17445	32	10	,	,	PUNCT
iiclr-17445	32	11	at	at	ADP
iiclr-17445	32	12	64	64	NUM
iiclr-17445	32	13	.	.	PUNCT
iiclr-17445	33	1	[	[	X
iiclr-17445	33	2	vol	vol	NOUN
iiclr-17445	33	3	.	.	PUNCT
iiclr-17445	33	4	2:385	2:385	NUM
iiclr-17445	34	1	japan	japan	PROPN
iiclr-17445	34	2	's	's	PART
iiclr-17445	34	3	investment	investment	NOUN
iiclr-17445	34	4	trust	trust	NOUN
iiclr-17445	34	5	developed	develop	VERB
iiclr-17445	34	6	as	as	ADP
iiclr-17445	34	7	a	a	DET
iiclr-17445	34	8	reasonable	reasonable	ADJ
iiclr-17445	34	9	response	response	NOUN
iiclr-17445	34	10	to	to	ADP
iiclr-17445	34	11	japan	japan	PROPN
iiclr-17445	34	12	's	's	PART
iiclr-17445	34	13	changing	change	VERB
iiclr-17445	34	14	socioeconomic	socioeconomic	ADJ
iiclr-17445	34	15	conditions	condition	NOUN
iiclr-17445	34	16	.	.	PUNCT
iiclr-17445	35	1	ii	ii	X
iiclr-17445	35	2	.	.	PUNCT
iiclr-17445	36	1	international	international	ADJ
iiclr-17445	36	2	comparison	comparison	NOUN
iiclr-17445	36	3	of	of	ADP
iiclr-17445	36	4	investment	investment	NOUN
iiclr-17445	36	5	trust	trust	NOUN
iiclr-17445	36	6	:	:	PUNCT
iiclr-17445	36	7	concept	concept	NOUN
iiclr-17445	36	8	and	and	CCONJ
iiclr-17445	36	9	structure	structure	VERB
iiclr-17445	36	10	the	the	DET
iiclr-17445	36	11	concept	concept	NOUN
iiclr-17445	36	12	and	and	CCONJ
iiclr-17445	36	13	structure	structure	NOUN
iiclr-17445	36	14	of	of	ADP
iiclr-17445	36	15	an	an	DET
iiclr-17445	36	16	investment	investment	NOUN
iiclr-17445	36	17	trust	trust	NOUN
iiclr-17445	36	18	are	be	AUX
iiclr-17445	36	19	complex	complex	ADJ
iiclr-17445	36	20	.	.	PUNCT
iiclr-17445	37	1	the	the	DET
iiclr-17445	37	2	investment	investment	NOUN
iiclr-17445	37	3	trust	trust	NOUN
iiclr-17445	37	4	is	be	AUX
iiclr-17445	37	5	a	a	DET
iiclr-17445	37	6	scheme	scheme	NOUN
iiclr-17445	37	7	for	for	ADP
iiclr-17445	37	8	collective	collective	ADJ
iiclr-17445	37	9	investment	investment	NOUN
iiclr-17445	37	10	in	in	ADP
iiclr-17445	37	11	stocks	stock	NOUN
iiclr-17445	37	12	and	and	CCONJ
iiclr-17445	37	13	bonds	bond	NOUN
iiclr-17445	37	14	by	by	ADP
iiclr-17445	37	15	a	a	DET
iiclr-17445	37	16	large	large	ADJ
iiclr-17445	37	17	number	number	NOUN
iiclr-17445	37	18	of	of	ADP
iiclr-17445	37	19	individuals	individual	NOUN
iiclr-17445	37	20	with	with	ADP
iiclr-17445	37	21	small	small	ADJ
iiclr-17445	37	22	fortunes	fortune	NOUN
iiclr-17445	37	23	,	,	PUNCT
iiclr-17445	37	24	offering	offer	VERB
iiclr-17445	37	25	them	they	PRON
iiclr-17445	37	26	the	the	DET
iiclr-17445	37	27	possibility	possibility	NOUN
iiclr-17445	37	28	of	of	ADP
iiclr-17445	37	29	high	high	ADJ
iiclr-17445	37	30	returns	return	NOUN
iiclr-17445	37	31	and	and	CCONJ
iiclr-17445	37	32	capital	capital	NOUN
iiclr-17445	37	33	appreciation	appreciation	NOUN
iiclr-17445	37	34	without	without	ADP
iiclr-17445	37	35	involving	involve	VERB
iiclr-17445	37	36	large	large	ADJ
iiclr-17445	37	37	risks	risk	NOUN
iiclr-17445	37	38	,	,	PUNCT
iiclr-17445	37	39	a	a	DET
iiclr-17445	37	40	privilege	privilege	NOUN
iiclr-17445	37	41	so	so	ADV
iiclr-17445	37	42	far	far	ADV
iiclr-17445	37	43	only	only	ADV
iiclr-17445	37	44	available	available	ADJ
iiclr-17445	37	45	to	to	ADP
iiclr-17445	37	46	the	the	DET
iiclr-17445	37	47	very	very	ADJ
iiclr-17445	37	48	rich.5	rich.5	NOUN
iiclr-17445	37	49	in	in	ADP
iiclr-17445	37	50	the	the	DET
iiclr-17445	37	51	united	united	PROPN
iiclr-17445	37	52	states	states	PROPN
iiclr-17445	37	53	,	,	PUNCT
iiclr-17445	37	54	the	the	DET
iiclr-17445	37	55	most	most	ADV
iiclr-17445	37	56	common	common	ADJ
iiclr-17445	37	57	form	form	NOUN
iiclr-17445	37	58	of	of	ADP
iiclr-17445	37	59	investment	investment	NOUN
iiclr-17445	37	60	trust	trust	NOUN
iiclr-17445	37	61	is	be	AUX
iiclr-17445	37	62	the	the	DET
iiclr-17445	37	63	mutual	mutual	ADJ
iiclr-17445	37	64	fund	fund	NOUN
iiclr-17445	37	65	which	which	PRON
iiclr-17445	37	66	is	be	AUX
iiclr-17445	37	67	defined	define	VERB
iiclr-17445	37	68	as	as	SCONJ
iiclr-17445	37	69	follows	follow	VERB
iiclr-17445	37	70	:	:	PUNCT
iiclr-17445	37	71	a	a	DET
iiclr-17445	37	72	company	company	NOUN
iiclr-17445	37	73	that	that	PRON
iiclr-17445	37	74	makes	make	VERB
iiclr-17445	37	75	investments	investment	NOUN
iiclr-17445	37	76	on	on	ADP
iiclr-17445	37	77	behalf	behalf	NOUN
iiclr-17445	37	78	of	of	ADP
iiclr-17445	37	79	individuals	individual	NOUN
iiclr-17445	37	80	and	and	CCONJ
iiclr-17445	37	81	institutions	institution	NOUN
iiclr-17445	37	82	with	with	ADP
iiclr-17445	37	83	similar	similar	ADJ
iiclr-17445	37	84	financial	financial	ADJ
iiclr-17445	37	85	goals	goal	NOUN
iiclr-17445	37	86	.	.	PUNCT
iiclr-17445	38	1	pooling	pool	VERB
iiclr-17445	38	2	is	be	AUX
iiclr-17445	38	3	the	the	DET
iiclr-17445	38	4	key	key	NOUN
iiclr-17445	38	5	to	to	ADP
iiclr-17445	38	6	mutual	mutual	ADJ
iiclr-17445	38	7	fund	fund	NOUN
iiclr-17445	38	8	investing	investing	NOUN
iiclr-17445	38	9	.	.	PUNCT
iiclr-17445	39	1	by	by	ADP
iiclr-17445	39	2	pooling	pool	VERB
iiclr-17445	39	3	(	(	PUNCT
iiclr-17445	39	4	which	which	PRON
iiclr-17445	39	5	generates	generate	VERB
iiclr-17445	39	6	economies	economy	NOUN
iiclr-17445	39	7	of	of	ADP
iiclr-17445	39	8	scale	scale	NOUN
iiclr-17445	39	9	)	)	PUNCT
iiclr-17445	39	10	the	the	DET
iiclr-17445	39	11	financial	financial	ADJ
iiclr-17445	39	12	resources	resource	NOUN
iiclr-17445	39	13	of	of	ADP
iiclr-17445	39	14	thousands	thousand	NOUN
iiclr-17445	39	15	of	of	ADP
iiclr-17445	39	16	shareholders	shareholder	NOUN
iiclr-17445	39	17	each	each	PRON
iiclr-17445	39	18	with	with	ADP
iiclr-17445	39	19	a	a	DET
iiclr-17445	39	20	different	different	ADJ
iiclr-17445	39	21	amount	amount	NOUN
iiclr-17445	39	22	to	to	PART
iiclr-17445	39	23	invest	invest	VERB
iiclr-17445	39	24	investors	investor	NOUN
iiclr-17445	39	25	gain	gain	VERB
iiclr-17445	39	26	access	access	NOUN
iiclr-17445	39	27	to	to	ADP
iiclr-17445	39	28	the	the	DET
iiclr-17445	39	29	expertise	expertise	NOUN
iiclr-17445	39	30	of	of	ADP
iiclr-17445	39	31	the	the	DET
iiclr-17445	39	32	country	country	NOUN
iiclr-17445	39	33	's	's	PART
iiclr-17445	39	34	top	top	ADJ
iiclr-17445	39	35	money	money	NOUN
iiclr-17445	39	36	managers	manager	NOUN
iiclr-17445	39	37	,	,	PUNCT
iiclr-17445	39	38	wide	wide	ADJ
iiclr-17445	39	39	diversification	diversification	NOUN
iiclr-17445	39	40	of	of	ADP
iiclr-17445	39	41	ownership	ownership	NOUN
iiclr-17445	39	42	in	in	ADP
iiclr-17445	39	43	the	the	DET
iiclr-17445	39	44	securities	security	NOUN
iiclr-17445	39	45	markets	market	NOUN
iiclr-17445	39	46	,	,	PUNCT
iiclr-17445	39	47	and	and	CCONJ
iiclr-17445	39	48	a	a	DET
iiclr-17445	39	49	variety	variety	NOUN
iiclr-17445	39	50	of	of	ADP
iiclr-17445	39	51	services	service	NOUN
iiclr-17445	39	52	otherwise	otherwise	ADV
iiclr-17445	39	53	available	available	ADJ
iiclr-17445	39	54	only	only	ADV
iiclr-17445	39	55	to	to	ADP
iiclr-17445	39	56	institutions	institution	NOUN
iiclr-17445	39	57	and	and	CCONJ
iiclr-17445	39	58	wealthy	wealthy	ADJ
iiclr-17445	39	59	families	family	NOUN
iiclr-17445	39	60	and	and	CCONJ
iiclr-17445	39	61	individuals	individual	NOUN
iiclr-17445	39	62	.	.	PUNCT
iiclr-17445	40	1	6	6	NUM
iiclr-17445	40	2	in	in	ADP
iiclr-17445	40	3	the	the	DET
iiclr-17445	40	4	european	european	PROPN
iiclr-17445	40	5	community	community	NOUN
iiclr-17445	40	6	(	(	PUNCT
iiclr-17445	40	7	ec	ec	PROPN
iiclr-17445	40	8	)	)	PUNCT
iiclr-17445	40	9	,	,	PUNCT
iiclr-17445	40	10	work	work	NOUN
iiclr-17445	40	11	has	have	AUX
iiclr-17445	40	12	been	be	AUX
iiclr-17445	40	13	underway	underway	ADJ
iiclr-17445	40	14	in	in	ADP
iiclr-17445	40	15	recent	recent	ADJ
iiclr-17445	40	16	years	year	NOUN
iiclr-17445	40	17	in	in	ADP
iiclr-17445	40	18	the	the	DET
iiclr-17445	40	19	direction	direction	NOUN
iiclr-17445	40	20	of	of	ADP
iiclr-17445	40	21	integrating	integrate	VERB
iiclr-17445	40	22	collective	collective	ADJ
iiclr-17445	40	23	investment	investment	NOUN
iiclr-17445	40	24	schemes	scheme	NOUN
iiclr-17445	40	25	among	among	ADP
iiclr-17445	40	26	its	its	PRON
iiclr-17445	40	27	member	member	NOUN
iiclr-17445	40	28	countries	country	NOUN
iiclr-17445	40	29	.	.	PUNCT
iiclr-17445	41	1	the	the	DET
iiclr-17445	41	2	adoption	adoption	NOUN
iiclr-17445	41	3	of	of	ADP
iiclr-17445	41	4	the	the	DET
iiclr-17445	41	5	minimum	minimum	ADJ
iiclr-17445	41	6	standard	standard	NOUN
iiclr-17445	41	7	for	for	ADP
iiclr-17445	41	8	investment	investment	NOUN
iiclr-17445	41	9	trust	trust	NOUN
iiclr-17445	41	10	in	in	ADP
iiclr-17445	41	11	1989	1989	NUM
iiclr-17445	41	12	by	by	ADP
iiclr-17445	41	13	the	the	DET
iiclr-17445	41	14	ec	ec	PROPN
iiclr-17445	41	15	stands	stand	VERB
iiclr-17445	41	16	as	as	ADP
iiclr-17445	41	17	an	an	DET
iiclr-17445	41	18	important	important	ADJ
iiclr-17445	41	19	milestone	milestone	NOUN
iiclr-17445	41	20	in	in	ADP
iiclr-17445	41	21	the	the	DET
iiclr-17445	41	22	ec	ec	PROPN
iiclr-17445	41	23	's	's	PART
iiclr-17445	41	24	drive	drive	NOUN
iiclr-17445	41	25	to	to	ADP
iiclr-17445	41	26	1992	1992	NUM
iiclr-17445	41	27	and	and	CCONJ
iiclr-17445	41	28	has	have	AUX
iiclr-17445	41	29	led	lead	VERB
iiclr-17445	41	30	the	the	DET
iiclr-17445	41	31	investment	investment	NOUN
iiclr-17445	41	32	trusts	trust	NOUN
iiclr-17445	41	33	modeled	model	VERB
iiclr-17445	41	34	on	on	ADP
iiclr-17445	41	35	this	this	DET
iiclr-17445	41	36	minimum	minimum	ADJ
iiclr-17445	41	37	standard	standard	NOUN
iiclr-17445	41	38	to	to	PART
iiclr-17445	41	39	be	be	AUX
iiclr-17445	41	40	called	call	VERB
iiclr-17445	41	41	ucits	ucit	NOUN
iiclr-17445	41	42	-	-	PUNCT
iiclr-17445	41	43	type	type	NOUN
iiclr-17445	41	44	funds	fund	NOUN
iiclr-17445	41	45	.	.	PUNCT
iiclr-17445	42	1	in	in	ADP
iiclr-17445	42	2	the	the	DET
iiclr-17445	42	3	ec	ec	PROPN
iiclr-17445	42	4	framework	framework	NOUN
iiclr-17445	42	5	,	,	PUNCT
iiclr-17445	42	6	the	the	DET
iiclr-17445	42	7	investment	investment	NOUN
iiclr-17445	42	8	trust	trust	NOUN
iiclr-17445	42	9	is	be	AUX
iiclr-17445	42	10	defined	define	VERB
iiclr-17445	42	11	as	as	ADP
iiclr-17445	42	12	a	a	DET
iiclr-17445	42	13	form	form	NOUN
iiclr-17445	42	14	of	of	ADP
iiclr-17445	42	15	"	"	PUNCT
iiclr-17445	42	16	undertakings	undertaking	NOUN
iiclr-17445	42	17	for	for	ADP
iiclr-17445	42	18	collective	collective	ADJ
iiclr-17445	42	19	investment	investment	NOUN
iiclr-17445	42	20	in	in	ADP
iiclr-17445	42	21	transferable	transferable	ADJ
iiclr-17445	42	22	securities	security	NOUN
iiclr-17445	42	23	of	of	ADP
iiclr-17445	42	24	capital	capital	NOUN
iiclr-17445	42	25	raised	raise	VERB
iiclr-17445	42	26	from	from	ADP
iiclr-17445	42	27	the	the	DET
iiclr-17445	42	28	public	public	NOUN
iiclr-17445	42	29	,	,	PUNCT
iiclr-17445	42	30	and	and	CCONJ
iiclr-17445	42	31	which	which	PRON
iiclr-17445	42	32	operates	operate	VERB
iiclr-17445	42	33	on	on	ADP
iiclr-17445	42	34	the	the	DET
iiclr-17445	42	35	principle	principle	NOUN
iiclr-17445	42	36	of	of	ADP
iiclr-17445	42	37	risk	risk	NOUN
iiclr-17445	42	38	-	-	PUNCT
iiclr-17445	42	39	spreading	spread	VERB
iiclr-17445	42	40	,	,	PUNCT
iiclr-17445	42	41	and	and	CCONJ
iiclr-17445	42	42	the	the	DET
iiclr-17445	42	43	units	unit	NOUN
iiclr-17445	42	44	of	of	ADP
iiclr-17445	42	45	which	which	PRON
iiclr-17445	42	46	are	be	AUX
iiclr-17445	42	47	,	,	PUNCT
iiclr-17445	42	48	at	at	ADP
iiclr-17445	42	49	the	the	DET
iiclr-17445	42	50	request	request	NOUN
iiclr-17445	42	51	of	of	ADP
iiclr-17445	42	52	their	their	PRON
iiclr-17445	42	53	holders	holder	NOUN
iiclr-17445	42	54	,	,	PUNCT
iiclr-17445	42	55	repurchased	repurchase	VERB
iiclr-17445	42	56	or	or	CCONJ
iiclr-17445	42	57	redeemed	redeem	VERB
iiclr-17445	42	58	,	,	PUNCT
iiclr-17445	42	59	directly	directly	ADV
iiclr-17445	42	60	or	or	CCONJ
iiclr-17445	42	61	indirectly	indirectly	ADV
iiclr-17445	42	62	,	,	PUNCT
iiclr-17445	42	63	out	out	ADP
iiclr-17445	42	64	of	of	ADP
iiclr-17445	42	65	those	those	DET
iiclr-17445	42	66	undertakings	undertaking	NOUN
iiclr-17445	42	67	'	'	PART
iiclr-17445	42	68	assets	asset	NOUN
iiclr-17445	42	69	.	.	PUNCT
iiclr-17445	43	1	"	"	PUNCT
iiclr-17445	43	2	7	7	NUM
iiclr-17445	43	3	5	5	NUM
iiclr-17445	43	4	.	.	PUNCT
iiclr-17445	43	5	h.	h.	PROPN
iiclr-17445	43	6	burton	burton	PROPN
iiclr-17445	43	7	and	and	CCONJ
iiclr-17445	43	8	d.c	d.c	PROPN
iiclr-17445	43	9	.	.	PROPN
iiclr-17445	43	10	corner	corner	PROPN
iiclr-17445	43	11	,	,	PUNCT
iiclr-17445	43	12	investment	investment	NOUN
iiclr-17445	43	13	and	and	CCONJ
iiclr-17445	43	14	unit	unit	NOUN
iiclr-17445	43	15	trusts	trust	VERB
iiclr-17445	43	16	in	in	ADP
iiclr-17445	43	17	britain	britain	PROPN
iiclr-17445	43	18	and	and	CCONJ
iiclr-17445	43	19	america	america	PROPN
iiclr-17445	43	20	(	(	PUNCT
iiclr-17445	43	21	1968	1968	NUM
iiclr-17445	43	22	)	)	PUNCT
iiclr-17445	43	23	.	.	PUNCT
iiclr-17445	44	1	6	6	X
iiclr-17445	44	2	.	.	X
iiclr-17445	44	3	u.s	u.s	PROPN
iiclr-17445	44	4	.	.	PROPN
iiclr-17445	44	5	investment	investment	PROPN
iiclr-17445	44	6	company	company	PROPN
iiclr-17445	44	7	institute	institute	PROPN
iiclr-17445	44	8	,	,	PUNCT
iiclr-17445	44	9	supra	supra	PROPN
iiclr-17445	44	10	note	note	PROPN
iiclr-17445	44	11	2	2	NUM
iiclr-17445	44	12	,	,	PUNCT
iiclr-17445	44	13	at	at	ADP
iiclr-17445	44	14	14	14	NUM
iiclr-17445	44	15	.	.	PUNCT
iiclr-17445	45	1	7	7	X
iiclr-17445	45	2	.	.	X
iiclr-17445	45	3	ucits	ucit	NOUN
iiclr-17445	45	4	-	-	PUNCT
iiclr-17445	45	5	undertakings	undertaking	NOUN
iiclr-17445	45	6	for	for	ADP
iiclr-17445	45	7	collective	collective	ADJ
iiclr-17445	45	8	investment	investment	NOUN
iiclr-17445	45	9	in	in	ADP
iiclr-17445	45	10	transferable	transferable	ADJ
iiclr-17445	45	11	securities	security	NOUN
iiclr-17445	45	12	,	,	PUNCT
iiclr-17445	45	13	european	european	PROPN
iiclr-17445	45	14	community	community	NOUN
iiclr-17445	45	15	council	council	NOUN
iiclr-17445	45	16	directive	directive	NOUN
iiclr-17445	45	17	(	(	PUNCT
iiclr-17445	45	18	1985	1985	NUM
iiclr-17445	45	19	)	)	PUNCT
iiclr-17445	45	20	.	.	PUNCT
iiclr-17445	46	1	1992	1992	NUM
iiclr-17445	46	2	]	]	PUNCT
iiclr-17445	46	3	ind	ind	NOUN
iiclr-17445	46	4	.	.	PUNCT
iiclr-17445	47	1	int'l	int'l	PROPN
iiclr-17445	47	2	&	&	CCONJ
iiclr-17445	47	3	comp	comp	PROPN
iiclr-17445	47	4	.	.	PUNCT
iiclr-17445	48	1	l.	l.	PROPN
iiclr-17445	48	2	rev	rev	PROPN
iiclr-17445	48	3	.	.	PUNCT
iiclr-17445	49	1	this	this	DET
iiclr-17445	49	2	definition	definition	NOUN
iiclr-17445	49	3	hinges	hinge	VERB
iiclr-17445	49	4	on	on	ADP
iiclr-17445	49	5	the	the	DET
iiclr-17445	49	6	notion	notion	NOUN
iiclr-17445	49	7	of	of	ADP
iiclr-17445	49	8	"	"	PUNCT
iiclr-17445	49	9	open	open	ADJ
iiclr-17445	49	10	-	-	PUNCT
iiclr-17445	49	11	endedness	endedness	NOUN
iiclr-17445	49	12	"	"	PUNCT
iiclr-17445	49	13	so	so	SCONJ
iiclr-17445	49	14	that	that	SCONJ
iiclr-17445	49	15	shares	share	NOUN
iiclr-17445	49	16	of	of	ADP
iiclr-17445	49	17	investors	investor	NOUN
iiclr-17445	49	18	in	in	ADP
iiclr-17445	49	19	an	an	DET
iiclr-17445	49	20	investment	investment	NOUN
iiclr-17445	49	21	trust	trust	NOUN
iiclr-17445	49	22	are	be	AUX
iiclr-17445	49	23	redeemable	redeemable	ADJ
iiclr-17445	49	24	or	or	CCONJ
iiclr-17445	49	25	repurchasable	repurchasable	ADJ
iiclr-17445	49	26	at	at	ADP
iiclr-17445	49	27	any	any	DET
iiclr-17445	49	28	time	time	NOUN
iiclr-17445	49	29	at	at	ADP
iiclr-17445	49	30	the	the	DET
iiclr-17445	49	31	request	request	NOUN
iiclr-17445	49	32	of	of	ADP
iiclr-17445	49	33	the	the	DET
iiclr-17445	49	34	investors	investor	NOUN
iiclr-17445	49	35	and	and	CCONJ
iiclr-17445	49	36	new	new	ADJ
iiclr-17445	49	37	fund	fund	NOUN
iiclr-17445	49	38	shares	share	NOUN
iiclr-17445	49	39	can	can	AUX
iiclr-17445	49	40	be	be	AUX
iiclr-17445	49	41	offered	offer	VERB
iiclr-17445	49	42	at	at	ADP
iiclr-17445	49	43	any	any	DET
iiclr-17445	49	44	time	time	NOUN
iiclr-17445	49	45	.	.	PUNCT
iiclr-17445	50	1	united	united	PROPN
iiclr-17445	50	2	states	states	PROPN
iiclr-17445	50	3	mutual	mutual	ADJ
iiclr-17445	50	4	funds	fund	NOUN
iiclr-17445	50	5	also	also	ADV
iiclr-17445	50	6	incorporate	incorporate	VERB
iiclr-17445	50	7	this	this	DET
iiclr-17445	50	8	quality	quality	NOUN
iiclr-17445	50	9	of	of	ADP
iiclr-17445	50	10	open	open	ADJ
iiclr-17445	50	11	-	-	PUNCT
iiclr-17445	50	12	endedness	endedness	NOUN
iiclr-17445	50	13	.	.	PUNCT
iiclr-17445	51	1	in	in	ADP
iiclr-17445	51	2	fact	fact	NOUN
iiclr-17445	51	3	,	,	PUNCT
iiclr-17445	51	4	open	open	ADJ
iiclr-17445	51	5	-	-	PUNCT
iiclr-17445	51	6	endedness	endedness	NOUN
iiclr-17445	51	7	has	have	AUX
iiclr-17445	51	8	led	lead	VERB
iiclr-17445	51	9	united	united	PROPN
iiclr-17445	51	10	states	states	PROPN
iiclr-17445	51	11	mutual	mutual	ADJ
iiclr-17445	51	12	funds	fund	NOUN
iiclr-17445	51	13	and	and	CCONJ
iiclr-17445	51	14	the	the	DET
iiclr-17445	51	15	ec	ec	PROPN
iiclr-17445	51	16	's	's	PART
iiclr-17445	51	17	ucits	ucit	NOUN
iiclr-17445	51	18	-	-	PUNCT
iiclr-17445	51	19	type	type	NOUN
iiclr-17445	51	20	funds	fund	NOUN
iiclr-17445	51	21	to	to	PART
iiclr-17445	51	22	be	be	AUX
iiclr-17445	51	23	recognized	recognize	VERB
iiclr-17445	51	24	as	as	ADP
iiclr-17445	51	25	the	the	DET
iiclr-17445	51	26	international	international	ADJ
iiclr-17445	51	27	standard	standard	NOUN
iiclr-17445	51	28	for	for	ADP
iiclr-17445	51	29	the	the	DET
iiclr-17445	51	30	investment	investment	NOUN
iiclr-17445	51	31	trust	trust	NOUN
iiclr-17445	51	32	concept	concept	NOUN
iiclr-17445	51	33	.	.	PUNCT
iiclr-17445	52	1	in	in	ADP
iiclr-17445	52	2	japan	japan	PROPN
iiclr-17445	52	3	,	,	PUNCT
iiclr-17445	52	4	the	the	DET
iiclr-17445	52	5	concept	concept	NOUN
iiclr-17445	52	6	of	of	ADP
iiclr-17445	52	7	the	the	DET
iiclr-17445	52	8	investment	investment	NOUN
iiclr-17445	52	9	trust	trust	NOUN
iiclr-17445	52	10	is	be	AUX
iiclr-17445	52	11	similar	similar	ADJ
iiclr-17445	52	12	to	to	ADP
iiclr-17445	52	13	that	that	PRON
iiclr-17445	52	14	of	of	ADP
iiclr-17445	52	15	the	the	DET
iiclr-17445	52	16	united	united	PROPN
iiclr-17445	52	17	states	states	PROPN
iiclr-17445	52	18	and	and	CCONJ
iiclr-17445	52	19	ec	ec	PROPN
iiclr-17445	52	20	concepts	concept	NOUN
iiclr-17445	52	21	with	with	ADP
iiclr-17445	52	22	respect	respect	NOUN
iiclr-17445	52	23	to	to	ADP
iiclr-17445	52	24	such	such	ADJ
iiclr-17445	52	25	ideas	idea	NOUN
iiclr-17445	52	26	as	as	ADP
iiclr-17445	52	27	the	the	DET
iiclr-17445	52	28	pooling	pooling	NOUN
iiclr-17445	52	29	of	of	ADP
iiclr-17445	52	30	resources	resource	NOUN
iiclr-17445	52	31	,	,	PUNCT
iiclr-17445	52	32	risk	risk	NOUN
iiclr-17445	52	33	-	-	PUNCT
iiclr-17445	52	34	spreading	spread	VERB
iiclr-17445	52	35	,	,	PUNCT
iiclr-17445	52	36	and	and	CCONJ
iiclr-17445	52	37	expert	expert	ADJ
iiclr-17445	52	38	asset	asset	NOUN
iiclr-17445	52	39	management	management	NOUN
iiclr-17445	52	40	.	.	PUNCT
iiclr-17445	53	1	the	the	DET
iiclr-17445	53	2	structure	structure	NOUN
iiclr-17445	53	3	of	of	ADP
iiclr-17445	53	4	the	the	DET
iiclr-17445	53	5	japanese	japanese	ADJ
iiclr-17445	53	6	investment	investment	NOUN
iiclr-17445	53	7	trust	trust	NOUN
iiclr-17445	53	8	involves	involve	VERB
iiclr-17445	53	9	four	four	NUM
iiclr-17445	53	10	different	different	ADJ
iiclr-17445	53	11	parties	party	NOUN
iiclr-17445	53	12	:	:	PUNCT
iiclr-17445	53	13	the	the	DET
iiclr-17445	53	14	investor	investor	NOUN
iiclr-17445	53	15	(	(	PUNCT
iiclr-17445	53	16	beneficiary	beneficiary	NOUN
iiclr-17445	53	17	)	)	PUNCT
iiclr-17445	53	18	,	,	PUNCT
iiclr-17445	53	19	the	the	DET
iiclr-17445	53	20	investment	investment	NOUN
iiclr-17445	53	21	trust	trust	NOUN
iiclr-17445	53	22	management	management	NOUN
iiclr-17445	53	23	company	company	NOUN
iiclr-17445	53	24	(	(	PUNCT
iiclr-17445	53	25	sponsor	sponsor	NOUN
iiclr-17445	53	26	and	and	CCONJ
iiclr-17445	53	27	trustor	trustor	NOUN
iiclr-17445	53	28	)	)	PUNCT
iiclr-17445	53	29	,	,	PUNCT
iiclr-17445	53	30	the	the	DET
iiclr-17445	53	31	trust	trust	PROPN
iiclr-17445	53	32	bank	bank	PROPN
iiclr-17445	53	33	(	(	PUNCT
iiclr-17445	53	34	trustee	trustee	NOUN
iiclr-17445	53	35	)	)	PUNCT
iiclr-17445	53	36	,	,	PUNCT
iiclr-17445	53	37	and	and	CCONJ
iiclr-17445	53	38	the	the	DET
iiclr-17445	53	39	securities	security	NOUN
iiclr-17445	53	40	company	company	NOUN
iiclr-17445	53	41	.	.	PUNCT
iiclr-17445	54	1	a	a	DET
iiclr-17445	54	2	securities	security	NOUN
iiclr-17445	54	3	investment	investment	NOUN
iiclr-17445	54	4	trust	trust	NOUN
iiclr-17445	54	5	is	be	AUX
iiclr-17445	54	6	a	a	DET
iiclr-17445	54	7	trust	trust	NOUN
iiclr-17445	54	8	whose	whose	DET
iiclr-17445	54	9	purpose	purpose	NOUN
iiclr-17445	54	10	is	be	AUX
iiclr-17445	54	11	to	to	PART
iiclr-17445	54	12	invest	invest	VERB
iiclr-17445	54	13	trust	trust	NOUN
iiclr-17445	54	14	funds	fund	NOUN
iiclr-17445	54	15	in	in	ADP
iiclr-17445	54	16	specified	specified	ADJ
iiclr-17445	54	17	securities	security	NOUN
iiclr-17445	54	18	under	under	ADP
iiclr-17445	54	19	the	the	DET
iiclr-17445	54	20	direction	direction	NOUN
iiclr-17445	54	21	of	of	ADP
iiclr-17445	54	22	a	a	DET
iiclr-17445	54	23	management	management	NOUN
iiclr-17445	54	24	corporation	corporation	NOUN
iiclr-17445	54	25	,	,	PUNCT
iiclr-17445	54	26	with	with	SCONJ
iiclr-17445	54	27	the	the	DET
iiclr-17445	54	28	beneficiary	beneficiary	NOUN
iiclr-17445	54	29	interest	interest	NOUN
iiclr-17445	54	30	sold	sell	VERB
iiclr-17445	54	31	to	to	ADP
iiclr-17445	54	32	the	the	DET
iiclr-17445	54	33	public	public	NOUN
iiclr-17445	54	34	.	.	PUNCT
iiclr-17445	55	1	an	an	DET
iiclr-17445	55	2	investment	investment	NOUN
iiclr-17445	55	3	trust	trust	NOUN
iiclr-17445	55	4	is	be	AUX
iiclr-17445	55	5	created	create	VERB
iiclr-17445	55	6	when	when	SCONJ
iiclr-17445	55	7	an	an	DET
iiclr-17445	55	8	investment	investment	NOUN
iiclr-17445	55	9	trust	trust	NOUN
iiclr-17445	55	10	contract	contract	NOUN
iiclr-17445	55	11	is	be	AUX
iiclr-17445	55	12	concluded	conclude	VERB
iiclr-17445	55	13	between	between	ADP
iiclr-17445	55	14	a	a	DET
iiclr-17445	55	15	management	management	NOUN
iiclr-17445	55	16	corporation	corporation	NOUN
iiclr-17445	55	17	,	,	PUNCT
iiclr-17445	55	18	which	which	PRON
iiclr-17445	55	19	makes	make	VERB
iiclr-17445	55	20	investment	investment	NOUN
iiclr-17445	55	21	decisions	decision	NOUN
iiclr-17445	55	22	,	,	PUNCT
iiclr-17445	55	23	and	and	CCONJ
iiclr-17445	55	24	a	a	DET
iiclr-17445	55	25	trustee	trustee	NOUN
iiclr-17445	55	26	corporation	corporation	NOUN
iiclr-17445	55	27	which	which	PRON
iiclr-17445	55	28	serves	serve	VERB
iiclr-17445	55	29	as	as	ADP
iiclr-17445	55	30	custodian	custodian	ADJ
iiclr-17445	55	31	and	and	CCONJ
iiclr-17445	55	32	performs	perform	VERB
iiclr-17445	55	33	the	the	DET
iiclr-17445	55	34	necessary	necessary	ADJ
iiclr-17445	55	35	bookkeeping	bookkeeping	NOUN
iiclr-17445	55	36	functions	function	NOUN
iiclr-17445	55	37	.	.	PUNCT
iiclr-17445	56	1	the	the	DET
iiclr-17445	56	2	beneficiary	beneficiary	NOUN
iiclr-17445	56	3	interest	interest	NOUN
iiclr-17445	56	4	is	be	AUX
iiclr-17445	56	5	divided	divide	VERB
iiclr-17445	56	6	into	into	ADP
iiclr-17445	56	7	equal	equal	ADJ
iiclr-17445	56	8	shares	share	NOUN
iiclr-17445	56	9	,	,	PUNCT
iiclr-17445	56	10	and	and	CCONJ
iiclr-17445	56	11	investors	investor	NOUN
iiclr-17445	56	12	become	become	VERB
iiclr-17445	56	13	beneficiaries	beneficiary	NOUN
iiclr-17445	56	14	by	by	ADP
iiclr-17445	56	15	acquiring	acquire	VERB
iiclr-17445	56	16	pro	pro	ADJ
iiclr-17445	56	17	rata	rata	ADJ
iiclr-17445	56	18	shares	share	NOUN
iiclr-17445	56	19	of	of	ADP
iiclr-17445	56	20	the	the	DET
iiclr-17445	56	21	divided	divided	ADJ
iiclr-17445	56	22	beneficiary	beneficiary	NOUN
iiclr-17445	56	23	interests	interest	NOUN
iiclr-17445	56	24	from	from	ADP
iiclr-17445	56	25	a	a	DET
iiclr-17445	56	26	securities	security	NOUN
iiclr-17445	56	27	company	company	NOUN
iiclr-17445	56	28	.	.	PUNCT
iiclr-17445	56	29	"	"	PUNCT
iiclr-17445	57	1	securities	security	NOUN
iiclr-17445	57	2	companies	company	NOUN
iiclr-17445	57	3	,	,	PUNCT
iiclr-17445	57	4	which	which	PRON
iiclr-17445	57	5	originally	originally	ADV
iiclr-17445	57	6	operate	operate	VERB
iiclr-17445	57	7	selling	selling	NOUN
iiclr-17445	57	8	of	of	ADP
iiclr-17445	57	9	funds	fund	NOUN
iiclr-17445	57	10	'	'	PART
iiclr-17445	57	11	beneficiary	beneficiary	NOUN
iiclr-17445	57	12	certificates	certificate	NOUN
iiclr-17445	57	13	under	under	ADP
iiclr-17445	57	14	agreements	agreement	NOUN
iiclr-17445	57	15	with	with	ADP
iiclr-17445	57	16	management	management	NOUN
iiclr-17445	57	17	companies	company	NOUN
iiclr-17445	57	18	,	,	PUNCT
iiclr-17445	57	19	play	play	VERB
iiclr-17445	57	20	an	an	DET
iiclr-17445	57	21	additionally	additionally	ADV
iiclr-17445	57	22	important	important	ADJ
iiclr-17445	57	23	role	role	NOUN
iiclr-17445	57	24	in	in	ADP
iiclr-17445	57	25	the	the	DET
iiclr-17445	57	26	japanese	japanese	ADJ
iiclr-17445	57	27	investment	investment	NOUN
iiclr-17445	57	28	trust	trust	NOUN
iiclr-17445	57	29	system	system	NOUN
iiclr-17445	57	30	by	by	ADP
iiclr-17445	57	31	providing	provide	VERB
iiclr-17445	57	32	such	such	ADJ
iiclr-17445	57	33	services	service	NOUN
iiclr-17445	57	34	as	as	ADP
iiclr-17445	57	35	the	the	DET
iiclr-17445	57	36	repurchasing	repurchasing	NOUN
iiclr-17445	57	37	of	of	ADP
iiclr-17445	57	38	beneficiary	beneficiary	NOUN
iiclr-17445	57	39	certificates	certificate	NOUN
iiclr-17445	57	40	and	and	CCONJ
iiclr-17445	57	41	the	the	DET
iiclr-17445	57	42	paying	paying	NOUN
iiclr-17445	57	43	of	of	ADP
iiclr-17445	57	44	dividends	dividend	NOUN
iiclr-17445	57	45	.	.	PUNCT
iiclr-17445	58	1	9	9	NUM
iiclr-17445	58	2	in	in	ADP
iiclr-17445	58	3	comparing	compare	VERB
iiclr-17445	58	4	the	the	DET
iiclr-17445	58	5	british	british	ADJ
iiclr-17445	58	6	unit	unit	PROPN
iiclr-17445	58	7	trust	trust	PROPN
iiclr-17445	58	8	with	with	ADP
iiclr-17445	58	9	the	the	DET
iiclr-17445	58	10	japanese	japanese	ADJ
iiclr-17445	58	11	concept	concept	NOUN
iiclr-17445	58	12	of	of	ADP
iiclr-17445	58	13	the	the	DET
iiclr-17445	58	14	investment	investment	NOUN
iiclr-17445	58	15	trust	trust	NOUN
iiclr-17445	58	16	,	,	PUNCT
iiclr-17445	58	17	there	there	PRON
iiclr-17445	58	18	are	be	VERB
iiclr-17445	58	19	the	the	DET
iiclr-17445	58	20	following	follow	VERB
iiclr-17445	58	21	differences	difference	NOUN
iiclr-17445	58	22	:	:	PUNCT
iiclr-17445	58	23	(	(	PUNCT
iiclr-17445	58	24	1	1	X
iiclr-17445	58	25	)	)	PUNCT
iiclr-17445	58	26	instead	instead	ADV
iiclr-17445	58	27	of	of	ADP
iiclr-17445	58	28	defining	define	VERB
iiclr-17445	58	29	the	the	DET
iiclr-17445	58	30	investor	investor	NOUN
iiclr-17445	58	31	as	as	ADP
iiclr-17445	58	32	a	a	DET
iiclr-17445	58	33	beneficiary	beneficiary	NOUN
iiclr-17445	58	34	as	as	SCONJ
iiclr-17445	58	35	the	the	DET
iiclr-17445	58	36	japanese	japanese	ADJ
iiclr-17445	58	37	law	law	NOUN
iiclr-17445	58	38	does	do	VERB
iiclr-17445	58	39	,	,	PUNCT
iiclr-17445	58	40	the	the	DET
iiclr-17445	58	41	8	8	NUM
iiclr-17445	58	42	.	.	PUNCT
iiclr-17445	59	1	ichiro	ichiro	PROPN
iiclr-17445	59	2	kawamoto	kawamoto	NOUN
iiclr-17445	59	3	,	,	PUNCT
iiclr-17445	59	4	japanese	japanese	ADJ
iiclr-17445	59	5	securities	security	NOUN
iiclr-17445	59	6	regulation	regulation	NOUN
iiclr-17445	59	7	210	210	NUM
iiclr-17445	59	8	(	(	PUNCT
iiclr-17445	59	9	1983	1983	NUM
iiclr-17445	59	10	)	)	PUNCT
iiclr-17445	59	11	.	.	PUNCT
iiclr-17445	60	1	9	9	X
iiclr-17445	60	2	.	.	X
iiclr-17445	60	3	japan	japan	PROPN
iiclr-17445	60	4	's	's	PART
iiclr-17445	60	5	investment	investment	NOUN
iiclr-17445	60	6	trust	trust	NOUN
iiclr-17445	60	7	is	be	AUX
iiclr-17445	60	8	different	different	ADJ
iiclr-17445	60	9	from	from	ADP
iiclr-17445	60	10	a	a	DET
iiclr-17445	60	11	british	british	ADJ
iiclr-17445	60	12	unit	unit	NOUN
iiclr-17445	60	13	trust	trust	NOUN
iiclr-17445	60	14	and	and	CCONJ
iiclr-17445	60	15	a	a	DET
iiclr-17445	60	16	u.s	u.s	PROPN
iiclr-17445	60	17	.	.	PROPN
iiclr-17445	60	18	mutual	mutual	ADJ
iiclr-17445	60	19	fund	fund	NOUN
iiclr-17445	60	20	in	in	ADP
iiclr-17445	60	21	a	a	DET
iiclr-17445	60	22	variety	variety	NOUN
iiclr-17445	60	23	of	of	ADP
iiclr-17445	60	24	ways	way	NOUN
iiclr-17445	60	25	.	.	PUNCT
iiclr-17445	61	1	some	some	PRON
iiclr-17445	61	2	of	of	ADP
iiclr-17445	61	3	these	these	DET
iiclr-17445	61	4	differences	difference	NOUN
iiclr-17445	61	5	have	have	AUX
iiclr-17445	61	6	previously	previously	ADV
iiclr-17445	61	7	been	be	AUX
iiclr-17445	61	8	pointed	point	VERB
iiclr-17445	61	9	out	out	ADP
iiclr-17445	61	10	by	by	ADP
iiclr-17445	61	11	this	this	DET
iiclr-17445	61	12	author	author	NOUN
iiclr-17445	61	13	in	in	ADP
iiclr-17445	61	14	a	a	DET
iiclr-17445	61	15	series	series	NOUN
iiclr-17445	61	16	of	of	ADP
iiclr-17445	61	17	articles	article	NOUN
iiclr-17445	61	18	on	on	ADP
iiclr-17445	61	19	the	the	DET
iiclr-17445	61	20	basic	basic	ADJ
iiclr-17445	61	21	legal	legal	ADJ
iiclr-17445	61	22	structure	structure	NOUN
iiclr-17445	61	23	of	of	ADP
iiclr-17445	61	24	japanese	japanese	ADJ
iiclr-17445	61	25	investment	investment	NOUN
iiclr-17445	61	26	trusts	trust	NOUN
iiclr-17445	61	27	which	which	PRON
iiclr-17445	61	28	this	this	DET
iiclr-17445	61	29	author	author	NOUN
iiclr-17445	61	30	has	have	AUX
iiclr-17445	61	31	been	be	AUX
iiclr-17445	61	32	contributing	contribute	VERB
iiclr-17445	61	33	to	to	AUX
iiclr-17445	61	34	shihon	shihon	PROPN
iiclr-17445	61	35	sho'yo	sho'yo	PROPN
iiclr-17445	61	36	,	,	PUNCT
iiclr-17445	61	37	the	the	DET
iiclr-17445	61	38	monthly	monthly	ADJ
iiclr-17445	61	39	journal	journal	NOUN
iiclr-17445	61	40	(	(	PUNCT
iiclr-17445	61	41	japanese	japanese	ADJ
iiclr-17445	61	42	version	version	NOUN
iiclr-17445	61	43	)	)	PUNCT
iiclr-17445	61	44	of	of	ADP
iiclr-17445	61	45	the	the	DET
iiclr-17445	61	46	capital	capital	NOUN
iiclr-17445	61	47	markets	market	NOUN
iiclr-17445	61	48	research	research	PROPN
iiclr-17445	61	49	institute	institute	PROPN
iiclr-17445	61	50	of	of	ADP
iiclr-17445	61	51	japan	japan	PROPN
iiclr-17445	61	52	.	.	PUNCT
iiclr-17445	62	1	see	see	VERB
iiclr-17445	62	2	also	also	ADV
iiclr-17445	62	3	,	,	PUNCT
iiclr-17445	62	4	noboru	noboru	NOUN
iiclr-17445	62	5	tanabe	tanabe	PROPN
iiclr-17445	62	6	,	,	PUNCT
iiclr-17445	62	7	japanese	japanese	ADJ
iiclr-17445	62	8	investment	investment	NOUN
iiclr-17445	62	9	trust	trust	PROPN
iiclr-17445	62	10	:	:	PUNCT
iiclr-17445	62	11	the	the	DET
iiclr-17445	62	12	legal	legal	ADJ
iiclr-17445	62	13	structure	structure	NOUN
iiclr-17445	62	14	and	and	CCONJ
iiclr-17445	62	15	other	other	ADJ
iiclr-17445	62	16	related	related	ADJ
iiclr-17445	62	17	issues	issue	NOUN
iiclr-17445	62	18	in	in	ADP
iiclr-17445	62	19	international	international	ADJ
iiclr-17445	62	20	perspective	perspective	NOUN
iiclr-17445	62	21	,	,	PUNCT
iiclr-17445	62	22	butterworth	butterworth	PROPN
iiclr-17445	62	23	's	's	PART
iiclr-17445	62	24	journal	journal	NOUN
iiclr-17445	62	25	of	of	ADP
iiclr-17445	62	26	international	international	ADJ
iiclr-17445	62	27	banking	banking	NOUN
iiclr-17445	62	28	and	and	CCONJ
iiclr-17445	62	29	financial	financial	ADJ
iiclr-17445	62	30	law	law	NOUN
iiclr-17445	62	31	(	(	PUNCT
iiclr-17445	62	32	feb	feb	PROPN
iiclr-17445	62	33	.	.	PROPN
iiclr-17445	62	34	april	april	PROPN
iiclr-17445	62	35	1992	1992	NUM
iiclr-17445	62	36	)	)	PUNCT
iiclr-17445	62	37	.	.	PUNCT
iiclr-17445	63	1	[	[	X
iiclr-17445	63	2	vol	vol	NOUN
iiclr-17445	63	3	.	.	PUNCT
iiclr-17445	63	4	2:385	2:385	NUM
iiclr-17445	63	5	japan	japan	PROPN
iiclr-17445	63	6	's	's	PART
iiclr-17445	63	7	investment	investment	NOUN
iiclr-17445	63	8	trust	trust	NOUN
iiclr-17445	63	9	british	british	ADJ
iiclr-17445	63	10	law	law	PROPN
iiclr-17445	63	11	defines	define	VERB
iiclr-17445	63	12	the	the	DET
iiclr-17445	63	13	investor	investor	NOUN
iiclr-17445	63	14	as	as	ADP
iiclr-17445	63	15	a	a	DET
iiclr-17445	63	16	participant	participant	NOUN
iiclr-17445	63	17	in	in	ADP
iiclr-17445	63	18	a	a	DET
iiclr-17445	63	19	collective	collective	ADJ
iiclr-17445	63	20	investment	investment	NOUN
iiclr-17445	63	21	scheme	scheme	NOUN
iiclr-17445	63	22	and	and	CCONJ
iiclr-17445	63	23	grants	grant	VERB
iiclr-17445	63	24	him	he	PRON
iiclr-17445	63	25	the	the	DET
iiclr-17445	63	26	status	status	NOUN
iiclr-17445	63	27	as	as	ADP
iiclr-17445	63	28	a	a	DET
iiclr-17445	63	29	party	party	NOUN
iiclr-17445	63	30	to	to	ADP
iiclr-17445	63	31	the	the	DET
iiclr-17445	63	32	trust	trust	NOUN
iiclr-17445	63	33	agreement	agreement	NOUN
iiclr-17445	63	34	;	;	PUNCT
iiclr-17445	63	35	(	(	PUNCT
iiclr-17445	63	36	2	2	X
iiclr-17445	63	37	)	)	PUNCT
iiclr-17445	63	38	in	in	ADP
iiclr-17445	63	39	a	a	DET
iiclr-17445	63	40	british	british	ADJ
iiclr-17445	63	41	unit	unit	NOUN
iiclr-17445	63	42	trust	trust	PROPN
iiclr-17445	63	43	,	,	PUNCT
iiclr-17445	63	44	the	the	DET
iiclr-17445	63	45	experts	expert	NOUN
iiclr-17445	63	46	who	who	PRON
iiclr-17445	63	47	are	be	AUX
iiclr-17445	63	48	responsible	responsible	ADJ
iiclr-17445	63	49	for	for	ADP
iiclr-17445	63	50	the	the	DET
iiclr-17445	63	51	management	management	NOUN
iiclr-17445	63	52	of	of	ADP
iiclr-17445	63	53	investments	investment	NOUN
iiclr-17445	63	54	are	be	AUX
iiclr-17445	63	55	not	not	PART
iiclr-17445	63	56	called	call	VERB
iiclr-17445	63	57	trustor	trustor	NOUN
iiclr-17445	63	58	,	,	PUNCT
iiclr-17445	63	59	but	but	CCONJ
iiclr-17445	63	60	are	be	AUX
iiclr-17445	63	61	called	call	VERB
iiclr-17445	63	62	manager	manager	NOUN
iiclr-17445	63	63	or	or	CCONJ
iiclr-17445	63	64	operator	operator	NOUN
iiclr-17445	63	65	to	to	PART
iiclr-17445	63	66	distinguish	distinguish	VERB
iiclr-17445	63	67	them	they	PRON
iiclr-17445	63	68	from	from	ADP
iiclr-17445	63	69	the	the	DET
iiclr-17445	63	70	investor	investor	NOUN
iiclr-17445	63	71	who	who	PRON
iiclr-17445	63	72	is	be	AUX
iiclr-17445	63	73	the	the	DET
iiclr-17445	63	74	real	real	ADJ
iiclr-17445	63	75	trustor	trustor	NOUN
iiclr-17445	63	76	;	;	PUNCT
iiclr-17445	63	77	(	(	PUNCT
iiclr-17445	63	78	3	3	X
iiclr-17445	63	79	)	)	PUNCT
iiclr-17445	63	80	in	in	ADP
iiclr-17445	63	81	japan	japan	PROPN
iiclr-17445	63	82	,	,	PUNCT
iiclr-17445	63	83	the	the	DET
iiclr-17445	63	84	trustee	trustee	NOUN
iiclr-17445	63	85	(	(	PUNCT
iiclr-17445	63	86	trust	trust	NOUN
iiclr-17445	63	87	bank	bank	PROPN
iiclr-17445	63	88	)	)	PUNCT
iiclr-17445	63	89	is	be	AUX
iiclr-17445	63	90	one	one	NUM
iiclr-17445	63	91	of	of	ADP
iiclr-17445	63	92	the	the	DET
iiclr-17445	63	93	parties	party	NOUN
iiclr-17445	63	94	to	to	ADP
iiclr-17445	63	95	the	the	DET
iiclr-17445	63	96	trust	trust	NOUN
iiclr-17445	63	97	deed	deed	NOUN
iiclr-17445	63	98	while	while	SCONJ
iiclr-17445	63	99	in	in	ADP
iiclr-17445	63	100	great	great	ADJ
iiclr-17445	63	101	britain	britain	PROPN
iiclr-17445	63	102	the	the	DET
iiclr-17445	63	103	trustee	trustee	NOUN
iiclr-17445	63	104	of	of	ADP
iiclr-17445	63	105	a	a	DET
iiclr-17445	63	106	unit	unit	NOUN
iiclr-17445	63	107	trust	trust	NOUN
iiclr-17445	63	108	participates	participate	VERB
iiclr-17445	63	109	directly	directly	ADV
iiclr-17445	63	110	in	in	ADP
iiclr-17445	63	111	the	the	DET
iiclr-17445	63	112	collective	collective	ADJ
iiclr-17445	63	113	securities	security	NOUN
iiclr-17445	63	114	investment	investment	NOUN
iiclr-17445	63	115	scheme	scheme	NOUN
iiclr-17445	63	116	;	;	PUNCT
iiclr-17445	63	117	(	(	PUNCT
iiclr-17445	63	118	4	4	X
iiclr-17445	63	119	)	)	PUNCT
iiclr-17445	63	120	in	in	ADP
iiclr-17445	63	121	japan	japan	PROPN
iiclr-17445	63	122	,	,	PUNCT
iiclr-17445	63	123	securities	security	NOUN
iiclr-17445	63	124	companies	company	NOUN
iiclr-17445	63	125	play	play	VERB
iiclr-17445	63	126	an	an	DET
iiclr-17445	63	127	important	important	ADJ
iiclr-17445	63	128	role	role	NOUN
iiclr-17445	63	129	by	by	ADP
iiclr-17445	63	130	providing	provide	VERB
iiclr-17445	63	131	such	such	ADJ
iiclr-17445	63	132	services	service	NOUN
iiclr-17445	63	133	to	to	ADP
iiclr-17445	63	134	beneficiaries	beneficiary	NOUN
iiclr-17445	63	135	as	as	ADP
iiclr-17445	63	136	the	the	DET
iiclr-17445	63	137	selling	selling	NOUN
iiclr-17445	63	138	and	and	CCONJ
iiclr-17445	63	139	repurchasing	repurchasing	NOUN
iiclr-17445	63	140	of	of	ADP
iiclr-17445	63	141	beneficiary	beneficiary	NOUN
iiclr-17445	63	142	certificates	certificate	NOUN
iiclr-17445	63	143	and	and	CCONJ
iiclr-17445	63	144	the	the	DET
iiclr-17445	63	145	payment	payment	NOUN
iiclr-17445	63	146	of	of	ADP
iiclr-17445	63	147	dividends	dividend	NOUN
iiclr-17445	63	148	,	,	PUNCT
iiclr-17445	63	149	even	even	ADV
iiclr-17445	63	150	though	though	SCONJ
iiclr-17445	63	151	the	the	DET
iiclr-17445	63	152	securities	security	NOUN
iiclr-17445	63	153	companies	company	NOUN
iiclr-17445	63	154	'	'	PART
iiclr-17445	63	155	function	function	NOUN
iiclr-17445	63	156	is	be	AUX
iiclr-17445	63	157	not	not	PART
iiclr-17445	63	158	precisely	precisely	ADV
iiclr-17445	63	159	stipulated	stipulate	VERB
iiclr-17445	63	160	by	by	ADP
iiclr-17445	63	161	the	the	DET
iiclr-17445	63	162	securities	securities	PROPN
iiclr-17445	63	163	investment	investment	PROPN
iiclr-17445	63	164	trust	trust	NOUN
iiclr-17445	63	165	law	law	NOUN
iiclr-17445	63	166	;	;	PUNCT
iiclr-17445	63	167	(	(	PUNCT
iiclr-17445	63	168	5	5	X
iiclr-17445	63	169	)	)	PUNCT
iiclr-17445	63	170	in	in	ADP
iiclr-17445	63	171	great	great	ADJ
iiclr-17445	63	172	britain	britain	PROPN
iiclr-17445	63	173	,	,	PUNCT
iiclr-17445	63	174	securities	security	NOUN
iiclr-17445	63	175	companies	company	NOUN
iiclr-17445	63	176	can	can	AUX
iiclr-17445	63	177	act	act	VERB
iiclr-17445	63	178	as	as	ADP
iiclr-17445	63	179	underwriters	underwriter	NOUN
iiclr-17445	63	180	,	,	PUNCT
iiclr-17445	63	181	brokers	broker	NOUN
iiclr-17445	63	182	,	,	PUNCT
iiclr-17445	63	183	or	or	CCONJ
iiclr-17445	63	184	as	as	ADP
iiclr-17445	63	185	agents	agent	NOUN
iiclr-17445	63	186	for	for	ADP
iiclr-17445	63	187	the	the	DET
iiclr-17445	63	188	unit	unit	NOUN
iiclr-17445	63	189	trust	trust	PROPN
iiclr-17445	63	190	.	.	PUNCT
iiclr-17445	64	1	in	in	ADP
iiclr-17445	64	2	general	general	ADJ
iiclr-17445	64	3	,	,	PUNCT
iiclr-17445	64	4	investment	investment	NOUN
iiclr-17445	64	5	trusts	trust	NOUN
iiclr-17445	64	6	are	be	AUX
iiclr-17445	64	7	comprised	comprise	VERB
iiclr-17445	64	8	of	of	ADP
iiclr-17445	64	9	characteristics	characteristic	NOUN
iiclr-17445	64	10	of	of	ADP
iiclr-17445	64	11	both	both	CCONJ
iiclr-17445	64	12	individual	individual	ADJ
iiclr-17445	64	13	and	and	CCONJ
iiclr-17445	64	14	joint	joint	ADJ
iiclr-17445	64	15	trusts	trust	NOUN
iiclr-17445	64	16	,	,	PUNCT
iiclr-17445	64	17	which	which	PRON
iiclr-17445	64	18	creates	create	VERB
iiclr-17445	64	19	difficulties	difficulty	NOUN
iiclr-17445	64	20	in	in	ADP
iiclr-17445	64	21	the	the	DET
iiclr-17445	64	22	formation	formation	NOUN
iiclr-17445	64	23	of	of	ADP
iiclr-17445	64	24	a	a	DET
iiclr-17445	64	25	legal	legal	ADJ
iiclr-17445	64	26	theory	theory	NOUN
iiclr-17445	64	27	and	and	CCONJ
iiclr-17445	64	28	explanation	explanation	NOUN
iiclr-17445	64	29	of	of	ADP
iiclr-17445	64	30	the	the	DET
iiclr-17445	64	31	structure	structure	NOUN
iiclr-17445	64	32	of	of	ADP
iiclr-17445	64	33	the	the	DET
iiclr-17445	64	34	investment	investment	NOUN
iiclr-17445	64	35	trust	trust	NOUN
iiclr-17445	64	36	.	.	PUNCT
iiclr-17445	65	1	the	the	DET
iiclr-17445	65	2	trust	trust	NOUN
iiclr-17445	65	3	property	property	NOUN
iiclr-17445	65	4	of	of	ADP
iiclr-17445	65	5	an	an	DET
iiclr-17445	65	6	investment	investment	NOUN
iiclr-17445	65	7	trust	trust	NOUN
iiclr-17445	65	8	is	be	AUX
iiclr-17445	65	9	constituted	constitute	VERB
iiclr-17445	65	10	of	of	ADP
iiclr-17445	65	11	funds	fund	NOUN
iiclr-17445	65	12	raised	raise	VERB
iiclr-17445	65	13	from	from	ADP
iiclr-17445	65	14	investors	investor	NOUN
iiclr-17445	65	15	at	at	ADP
iiclr-17445	65	16	large	large	ADJ
iiclr-17445	65	17	(	(	PUNCT
iiclr-17445	65	18	beneficiaries	beneficiary	NOUN
iiclr-17445	65	19	)	)	PUNCT
iiclr-17445	65	20	.	.	PUNCT
iiclr-17445	66	1	the	the	DET
iiclr-17445	66	2	ownership	ownership	NOUN
iiclr-17445	66	3	of	of	ADP
iiclr-17445	66	4	the	the	DET
iiclr-17445	66	5	trust	trust	NOUN
iiclr-17445	66	6	property	property	NOUN
iiclr-17445	66	7	passes	pass	VERB
iiclr-17445	66	8	to	to	ADP
iiclr-17445	66	9	the	the	DET
iiclr-17445	66	10	trustee	trustee	NOUN
iiclr-17445	66	11	company	company	NOUN
iiclr-17445	66	12	through	through	ADP
iiclr-17445	66	13	the	the	DET
iiclr-17445	66	14	trust	trust	NOUN
iiclr-17445	66	15	deed	deed	NOUN
iiclr-17445	66	16	which	which	PRON
iiclr-17445	66	17	is	be	AUX
iiclr-17445	66	18	governed	govern	VERB
iiclr-17445	66	19	by	by	ADP
iiclr-17445	66	20	the	the	DET
iiclr-17445	66	21	securities	securities	PROPN
iiclr-17445	66	22	investment	investment	PROPN
iiclr-17445	66	23	trust	trust	NOUN
iiclr-17445	66	24	law	law	NOUN
iiclr-17445	66	25	.	.	PUNCT
iiclr-17445	67	1	however	however	ADV
iiclr-17445	67	2	,	,	PUNCT
iiclr-17445	67	3	the	the	DET
iiclr-17445	67	4	trust	trust	NOUN
iiclr-17445	67	5	property	property	NOUN
iiclr-17445	67	6	must	must	AUX
iiclr-17445	67	7	be	be	AUX
iiclr-17445	67	8	managed	manage	VERB
iiclr-17445	67	9	separately	separately	ADV
iiclr-17445	67	10	from	from	ADP
iiclr-17445	67	11	that	that	PRON
iiclr-17445	67	12	of	of	ADP
iiclr-17445	67	13	the	the	DET
iiclr-17445	67	14	trustee	trustee	NOUN
iiclr-17445	67	15	bank	bank	NOUN
iiclr-17445	67	16	and	and	CCONJ
iiclr-17445	67	17	eventually	eventually	ADV
iiclr-17445	67	18	reverted	revert	VERB
iiclr-17445	67	19	to	to	ADP
iiclr-17445	67	20	the	the	DET
iiclr-17445	67	21	beneficiaries	beneficiary	NOUN
iiclr-17445	67	22	,	,	PUNCT
iiclr-17445	67	23	and	and	CCONJ
iiclr-17445	67	24	the	the	DET
iiclr-17445	67	25	all	all	ADV
iiclr-17445	67	26	-	-	PUNCT
iiclr-17445	67	27	important	important	ADJ
iiclr-17445	67	28	authority	authority	NOUN
iiclr-17445	67	29	of	of	ADP
iiclr-17445	67	30	giving	give	VERB
iiclr-17445	67	31	instructions	instruction	NOUN
iiclr-17445	67	32	for	for	ADP
iiclr-17445	67	33	the	the	DET
iiclr-17445	67	34	investment	investment	NOUN
iiclr-17445	67	35	of	of	ADP
iiclr-17445	67	36	trust	trust	NOUN
iiclr-17445	67	37	property	property	NOUN
iiclr-17445	67	38	is	be	AUX
iiclr-17445	67	39	reserved	reserve	VERB
iiclr-17445	67	40	by	by	ADP
iiclr-17445	67	41	the	the	DET
iiclr-17445	67	42	management	management	NOUN
iiclr-17445	67	43	company	company	NOUN
iiclr-17445	67	44	(	(	PUNCT
iiclr-17445	67	45	trustor	trustor	NOUN
iiclr-17445	67	46	)	)	PUNCT
iiclr-17445	67	47	.	.	PUNCT
iiclr-17445	68	1	although	although	SCONJ
iiclr-17445	68	2	the	the	DET
iiclr-17445	68	3	management	management	NOUN
iiclr-17445	68	4	company	company	NOUN
iiclr-17445	68	5	is	be	AUX
iiclr-17445	68	6	duty	duty	NOUN
iiclr-17445	68	7	-	-	PUNCT
iiclr-17445	68	8	bound	bind	VERB
iiclr-17445	68	9	to	to	PART
iiclr-17445	68	10	manage	manage	VERB
iiclr-17445	68	11	the	the	DET
iiclr-17445	68	12	trust	trust	NOUN
iiclr-17445	68	13	property	property	NOUN
iiclr-17445	68	14	in	in	ADP
iiclr-17445	68	15	good	good	ADJ
iiclr-17445	68	16	faith	faith	NOUN
iiclr-17445	68	17	in	in	ADP
iiclr-17445	68	18	ways	way	NOUN
iiclr-17445	68	19	best	well	ADV
iiclr-17445	68	20	suited	suited	ADJ
iiclr-17445	68	21	to	to	PART
iiclr-17445	68	22	enhance	enhance	VERB
iiclr-17445	68	23	the	the	DET
iiclr-17445	68	24	interest	interest	NOUN
iiclr-17445	68	25	of	of	ADP
iiclr-17445	68	26	beneficiaries	beneficiary	NOUN
iiclr-17445	68	27	,	,	PUNCT
iiclr-17445	68	28	there	there	PRON
iiclr-17445	68	29	is	be	VERB
iiclr-17445	68	30	no	no	DET
iiclr-17445	68	31	provision	provision	NOUN
iiclr-17445	68	32	holding	hold	VERB
iiclr-17445	68	33	it	it	PRON
iiclr-17445	68	34	directly	directly	ADV
iiclr-17445	68	35	accountable	accountable	ADJ
iiclr-17445	68	36	to	to	ADP
iiclr-17445	68	37	its	its	PRON
iiclr-17445	68	38	beneficiaries	beneficiary	NOUN
iiclr-17445	68	39	.	.	PUNCT
iiclr-17445	69	1	what	what	PRON
iiclr-17445	69	2	is	be	AUX
iiclr-17445	69	3	more	more	ADJ
iiclr-17445	69	4	,	,	PUNCT
iiclr-17445	69	5	because	because	SCONJ
iiclr-17445	69	6	the	the	DET
iiclr-17445	69	7	ownership	ownership	NOUN
iiclr-17445	69	8	(	(	PUNCT
iiclr-17445	69	9	in	in	ADP
iiclr-17445	69	10	the	the	DET
iiclr-17445	69	11	bearer	bearer	NOUN
iiclr-17445	69	12	form	form	NOUN
iiclr-17445	69	13	)	)	PUNCT
iiclr-17445	69	14	is	be	AUX
iiclr-17445	69	15	not	not	PART
iiclr-17445	69	16	registered	register	VERB
iiclr-17445	69	17	with	with	ADP
iiclr-17445	69	18	the	the	DET
iiclr-17445	69	19	trustee	trustee	NOUN
iiclr-17445	69	20	company	company	NOUN
iiclr-17445	69	21	and	and	CCONJ
iiclr-17445	69	22	changes	change	NOUN
iiclr-17445	69	23	frequently	frequently	ADV
iiclr-17445	69	24	from	from	ADP
iiclr-17445	69	25	one	one	NUM
iiclr-17445	69	26	hand	hand	NOUN
iiclr-17445	69	27	to	to	ADP
iiclr-17445	69	28	another	another	PRON
iiclr-17445	69	29	,	,	PUNCT
iiclr-17445	69	30	the	the	DET
iiclr-17445	69	31	fiduciary	fiduciary	ADJ
iiclr-17445	69	32	relationship	relationship	NOUN
iiclr-17445	69	33	which	which	PRON
iiclr-17445	69	34	binds	bind	VERB
iiclr-17445	69	35	the	the	DET
iiclr-17445	69	36	trustee	trustee	NOUN
iiclr-17445	69	37	(	(	PUNCT
iiclr-17445	69	38	including	include	VERB
iiclr-17445	69	39	,	,	PUNCT
iiclr-17445	69	40	in	in	ADP
iiclr-17445	69	41	effect	effect	NOUN
iiclr-17445	69	42	,	,	PUNCT
iiclr-17445	69	43	the	the	DET
iiclr-17445	69	44	management	management	NOUN
iiclr-17445	69	45	company	company	NOUN
iiclr-17445	69	46	)	)	PUNCT
iiclr-17445	69	47	with	with	ADP
iiclr-17445	69	48	the	the	DET
iiclr-17445	69	49	beneficiaries	beneficiary	NOUN
iiclr-17445	69	50	is	be	AUX
iiclr-17445	69	51	diluted	dilute	VERB
iiclr-17445	69	52	with	with	ADP
iiclr-17445	69	53	the	the	DET
iiclr-17445	69	54	passage	passage	NOUN
iiclr-17445	69	55	of	of	ADP
iiclr-17445	69	56	time	time	NOUN
iiclr-17445	69	57	,	,	PUNCT
iiclr-17445	69	58	and	and	CCONJ
iiclr-17445	69	59	this	this	PRON
iiclr-17445	69	60	tends	tend	VERB
iiclr-17445	69	61	to	to	PART
iiclr-17445	69	62	encourage	encourage	VERB
iiclr-17445	69	63	holders	holder	NOUN
iiclr-17445	69	64	of	of	ADP
iiclr-17445	69	65	certificates	certificate	NOUN
iiclr-17445	69	66	to	to	PART
iiclr-17445	69	67	become	become	VERB
iiclr-17445	69	68	interested	interested	ADJ
iiclr-17445	69	69	in	in	ADP
iiclr-17445	69	70	annual	annual	ADJ
iiclr-17445	69	71	dividends	dividend	NOUN
iiclr-17445	69	72	or	or	CCONJ
iiclr-17445	69	73	any	any	DET
iiclr-17445	69	74	capital	capital	NOUN
iiclr-17445	69	75	gains	gain	VERB
iiclr-17445	69	76	the	the	DET
iiclr-17445	69	77	investment	investment	NOUN
iiclr-17445	69	78	trust	trust	NOUN
iiclr-17445	69	79	might	might	AUX
iiclr-17445	69	80	produce	produce	VERB
iiclr-17445	69	81	.	.	PUNCT
iiclr-17445	70	1	as	as	SCONJ
iiclr-17445	70	2	the	the	DET
iiclr-17445	70	3	fiduciary	fiduciary	ADJ
iiclr-17445	70	4	relationship	relationship	NOUN
iiclr-17445	70	5	thus	thus	ADV
iiclr-17445	70	6	becomes	becomes	AUX
iiclr-17445	70	7	diluted	dilute	VERB
iiclr-17445	70	8	,	,	PUNCT
iiclr-17445	70	9	the	the	DET
iiclr-17445	70	10	trust	trust	NOUN
iiclr-17445	70	11	property	property	NOUN
iiclr-17445	70	12	tends	tend	VERB
iiclr-17445	70	13	to	to	PART
iiclr-17445	70	14	take	take	VERB
iiclr-17445	70	15	on	on	ADP
iiclr-17445	70	16	an	an	DET
iiclr-17445	70	17	existence	existence	NOUN
iiclr-17445	70	18	of	of	ADP
iiclr-17445	70	19	its	its	PRON
iiclr-17445	70	20	own	own	ADJ
iiclr-17445	70	21	,	,	PUNCT
iiclr-17445	70	22	independently	independently	ADV
iiclr-17445	70	23	from	from	ADP
iiclr-17445	70	24	the	the	DET
iiclr-17445	70	25	trustor	trustor	NOUN
iiclr-17445	70	26	,	,	PUNCT
iiclr-17445	70	27	trustee	trustee	NOUN
iiclr-17445	70	28	,	,	PUNCT
iiclr-17445	70	29	and	and	CCONJ
iiclr-17445	70	30	beneficiaries	beneficiary	NOUN
iiclr-17445	70	31	.	.	PUNCT
iiclr-17445	71	1	this	this	DET
iiclr-17445	71	2	idea	idea	NOUN
iiclr-17445	71	3	explains	explain	VERB
iiclr-17445	71	4	why	why	SCONJ
iiclr-17445	71	5	some	some	DET
iiclr-17445	71	6	call	call	VERB
iiclr-17445	71	7	trust	trust	NOUN
iiclr-17445	71	8	property	property	NOUN
iiclr-17445	71	9	'	'	PUNCT
iiclr-17445	71	10	nobody	nobody	PRON
iiclr-17445	71	11	's	's	PART
iiclr-17445	71	12	property	property	NOUN
iiclr-17445	71	13	'	'	PUNCT
iiclr-17445	71	14	.	.	PUNCT
iiclr-17445	71	15	0	0	NUM
iiclr-17445	72	1	10	10	NUM
iiclr-17445	72	2	.	.	PUNCT
iiclr-17445	73	1	see	see	VERB
iiclr-17445	73	2	noboru	noboru	NOUN
iiclr-17445	73	3	tanabe	tanabe	PROPN
iiclr-17445	73	4	,	,	PUNCT
iiclr-17445	73	5	shihon	shihon	PROPN
iiclr-17445	73	6	shijyo	shijyo	PROPN
iiclr-17445	73	7	,	,	PUNCT
iiclr-17445	73	8	capital	capital	NOUN
iiclr-17445	73	9	markets	market	NOUN
iiclr-17445	73	10	institute	institute	PROPN
iiclr-17445	73	11	of	of	ADP
iiclr-17445	73	12	japan	japan	PROPN
iiclr-17445	73	13	(	(	PUNCT
iiclr-17445	73	14	dec	dec	PROPN
iiclr-17445	73	15	.	.	PROPN
iiclr-17445	73	16	1989	1989	NUM
iiclr-17445	73	17	)	)	PUNCT
iiclr-17445	73	18	.	.	PUNCT
iiclr-17445	74	1	1992	1992	NUM
iiclr-17445	74	2	]	]	PUNCT
iiclr-17445	74	3	ind	ind	NOUN
iiclr-17445	74	4	.	.	PUNCT
iiclr-17445	75	1	int'l	int'l	PROPN
iiclr-17445	75	2	&	&	CCONJ
iiclr-17445	75	3	comp	comp	PROPN
iiclr-17445	75	4	.	.	PUNCT
iiclr-17445	76	1	l.	l.	PROPN
iiclr-17445	76	2	rev	rev	PROPN
iiclr-17445	76	3	.	.	PUNCT
iiclr-17445	77	1	the	the	DET
iiclr-17445	77	2	beneficiary	beneficiary	NOUN
iiclr-17445	77	3	certificates	certificate	NOUN
iiclr-17445	77	4	of	of	ADP
iiclr-17445	77	5	japan	japan	PROPN
iiclr-17445	77	6	's	's	PART
iiclr-17445	77	7	investment	investment	NOUN
iiclr-17445	77	8	trusts	trust	NOUN
iiclr-17445	77	9	,	,	PUNCT
iiclr-17445	77	10	like	like	ADP
iiclr-17445	77	11	those	those	PRON
iiclr-17445	77	12	of	of	ADP
iiclr-17445	77	13	united	united	PROPN
iiclr-17445	77	14	states	states	PROPN
iiclr-17445	77	15	mutual	mutual	ADJ
iiclr-17445	77	16	funds	fund	NOUN
iiclr-17445	77	17	and	and	CCONJ
iiclr-17445	77	18	ec	ec	PROPN
iiclr-17445	77	19	ucits	ucit	NOUN
iiclr-17445	77	20	-	-	PUNCT
iiclr-17445	77	21	type	type	NOUN
iiclr-17445	77	22	funds	fund	NOUN
iiclr-17445	77	23	,	,	PUNCT
iiclr-17445	77	24	can	can	AUX
iiclr-17445	77	25	in	in	ADP
iiclr-17445	77	26	principle	principle	NOUN
iiclr-17445	77	27	be	be	AUX
iiclr-17445	77	28	redeemed	redeem	VERB
iiclr-17445	77	29	at	at	ADP
iiclr-17445	77	30	any	any	DET
iiclr-17445	77	31	time	time	NOUN
iiclr-17445	77	32	as	as	SCONJ
iiclr-17445	77	33	was	be	AUX
iiclr-17445	77	34	pointed	point	VERB
iiclr-17445	77	35	out	out	ADP
iiclr-17445	77	36	by	by	ADP
iiclr-17445	77	37	the	the	DET
iiclr-17445	77	38	investment	investment	NOUN
iiclr-17445	77	39	trusts	trust	VERB
iiclr-17445	77	40	association	association	PROPN
iiclr-17445	77	41	of	of	ADP
iiclr-17445	77	42	japan	japan	PROPN
iiclr-17445	77	43	.	.	PUNCT
iiclr-17445	78	1	in	in	ADP
iiclr-17445	78	2	practice	practice	NOUN
iiclr-17445	78	3	,	,	PUNCT
iiclr-17445	78	4	however	however	ADV
iiclr-17445	78	5	,	,	PUNCT
iiclr-17445	78	6	redemption	redemption	NOUN
iiclr-17445	78	7	is	be	AUX
iiclr-17445	78	8	restricted	restrict	VERB
iiclr-17445	78	9	in	in	ADP
iiclr-17445	78	10	many	many	ADJ
iiclr-17445	78	11	investment	investment	NOUN
iiclr-17445	78	12	trust	trust	NOUN
iiclr-17445	78	13	funds	fund	NOUN
iiclr-17445	78	14	through	through	ADP
iiclr-17445	78	15	the	the	DET
iiclr-17445	78	16	inclusion	inclusion	NOUN
iiclr-17445	78	17	of	of	ADP
iiclr-17445	78	18	a	a	DET
iiclr-17445	78	19	closed	closed	ADJ
iiclr-17445	78	20	period	period	NOUN
iiclr-17445	78	21	.	.	PUNCT
iiclr-17445	79	1	the	the	DET
iiclr-17445	79	2	existence	existence	NOUN
iiclr-17445	79	3	of	of	ADP
iiclr-17445	79	4	such	such	DET
iiclr-17445	79	5	a	a	DET
iiclr-17445	79	6	closed	closed	ADJ
iiclr-17445	79	7	period	period	NOUN
iiclr-17445	79	8	has	have	AUX
iiclr-17445	79	9	led	lead	VERB
iiclr-17445	79	10	these	these	DET
iiclr-17445	79	11	funds	fund	NOUN
iiclr-17445	79	12	to	to	PART
iiclr-17445	79	13	be	be	AUX
iiclr-17445	79	14	called	call	VERB
iiclr-17445	79	15	"	"	PUNCT
iiclr-17445	79	16	semi	semi	ADV
iiclr-17445	79	17	-	-	ADJ
iiclr-17445	79	18	open	open	ADJ
iiclr-17445	79	19	.	.	PUNCT
iiclr-17445	79	20	"	"	PUNCT
iiclr-17445	80	1	the	the	DET
iiclr-17445	80	2	term	term	NOUN
iiclr-17445	80	3	"	"	PUNCT
iiclr-17445	80	4	semi	semi	ADJ
iiclr-17445	80	5	-	-	ADJ
iiclr-17445	80	6	open	open	ADJ
iiclr-17445	80	7	"	"	PUNCT
iiclr-17445	80	8	can	can	AUX
iiclr-17445	80	9	be	be	AUX
iiclr-17445	80	10	easily	easily	ADV
iiclr-17445	80	11	understood	understand	VERB
iiclr-17445	80	12	through	through	ADP
iiclr-17445	80	13	a	a	DET
iiclr-17445	80	14	descriptive	descriptive	ADJ
iiclr-17445	80	15	analysis	analysis	NOUN
iiclr-17445	80	16	.	.	PUNCT
iiclr-17445	81	1	the	the	DET
iiclr-17445	81	2	shares	share	NOUN
iiclr-17445	81	3	of	of	ADP
iiclr-17445	81	4	a	a	DET
iiclr-17445	81	5	"	"	PUNCT
iiclr-17445	81	6	semi	semi	ADJ
iiclr-17445	81	7	-	-	ADJ
iiclr-17445	81	8	open	open	ADJ
iiclr-17445	81	9	"	"	PUNCT
iiclr-17445	81	10	investment	investment	NOUN
iiclr-17445	81	11	trust	trust	NOUN
iiclr-17445	81	12	can	can	AUX
iiclr-17445	81	13	not	not	PART
iiclr-17445	81	14	be	be	AUX
iiclr-17445	81	15	redeemed	redeem	VERB
iiclr-17445	81	16	for	for	ADP
iiclr-17445	81	17	an	an	DET
iiclr-17445	81	18	initial	initial	ADJ
iiclr-17445	81	19	period	period	NOUN
iiclr-17445	81	20	of	of	ADP
iiclr-17445	81	21	time	time	NOUN
iiclr-17445	81	22	,	,	PUNCT
iiclr-17445	81	23	typically	typically	ADV
iiclr-17445	81	24	two	two	NUM
iiclr-17445	81	25	or	or	CCONJ
iiclr-17445	81	26	three	three	NUM
iiclr-17445	81	27	years	year	NOUN
iiclr-17445	81	28	.	.	PUNCT
iiclr-17445	82	1	however	however	ADV
iiclr-17445	82	2	,	,	PUNCT
iiclr-17445	82	3	its	its	PRON
iiclr-17445	82	4	shares	share	NOUN
iiclr-17445	82	5	can	can	AUX
iiclr-17445	82	6	be	be	AUX
iiclr-17445	82	7	redeemed	redeem	VERB
iiclr-17445	82	8	at	at	ADP
iiclr-17445	82	9	any	any	DET
iiclr-17445	82	10	time	time	NOUN
iiclr-17445	82	11	after	after	ADP
iiclr-17445	82	12	the	the	DET
iiclr-17445	82	13	expiration	expiration	NOUN
iiclr-17445	82	14	of	of	ADP
iiclr-17445	82	15	this	this	DET
iiclr-17445	82	16	closed	closed	ADJ
iiclr-17445	82	17	period	period	NOUN
iiclr-17445	82	18	,	,	PUNCT
iiclr-17445	82	19	which	which	PRON
iiclr-17445	82	20	is	be	AUX
iiclr-17445	82	21	why	why	SCONJ
iiclr-17445	82	22	this	this	DET
iiclr-17445	82	23	investment	investment	NOUN
iiclr-17445	82	24	trust	trust	NOUN
iiclr-17445	82	25	is	be	AUX
iiclr-17445	82	26	described	describe	VERB
iiclr-17445	82	27	as	as	ADP
iiclr-17445	82	28	"	"	PUNCT
iiclr-17445	82	29	semi	semi	ADJ
iiclr-17445	82	30	-	-	ADJ
iiclr-17445	82	31	open	open	ADJ
iiclr-17445	82	32	,	,	PUNCT
iiclr-17445	82	33	"	"	PUNCT
iiclr-17445	82	34	rather	rather	ADV
iiclr-17445	82	35	than	than	ADP
iiclr-17445	82	36	just	just	ADV
iiclr-17445	82	37	open	open	ADJ
iiclr-17445	82	38	or	or	CCONJ
iiclr-17445	82	39	closed	closed	ADJ
iiclr-17445	82	40	.	.	PUNCT
iiclr-17445	83	1	the	the	DET
iiclr-17445	83	2	"	"	PUNCT
iiclr-17445	83	3	semi	semi	ADJ
iiclr-17445	83	4	-	-	ADJ
iiclr-17445	83	5	open	open	ADJ
iiclr-17445	83	6	"	"	PUNCT
iiclr-17445	83	7	quality	quality	NOUN
iiclr-17445	83	8	of	of	ADP
iiclr-17445	83	9	some	some	DET
iiclr-17445	83	10	japanese	japanese	ADJ
iiclr-17445	83	11	investment	investment	NOUN
iiclr-17445	83	12	trusts	trust	NOUN
iiclr-17445	83	13	sets	set	VERB
iiclr-17445	83	14	these	these	DET
iiclr-17445	83	15	funds	fund	NOUN
iiclr-17445	83	16	apart	apart	ADV
iiclr-17445	83	17	from	from	ADP
iiclr-17445	83	18	united	united	PROPN
iiclr-17445	83	19	states	states	PROPN
iiclr-17445	83	20	mutual	mutual	ADJ
iiclr-17445	83	21	funds	fund	NOUN
iiclr-17445	83	22	and	and	CCONJ
iiclr-17445	83	23	the	the	DET
iiclr-17445	83	24	ec	ec	PROPN
iiclr-17445	83	25	ucits	ucit	NOUN
iiclr-17445	83	26	-	-	PUNCT
iiclr-17445	83	27	type	type	NOUN
iiclr-17445	83	28	funds	fund	NOUN
iiclr-17445	83	29	.	.	PUNCT
iiclr-17445	83	30	"	"	PUNCT
iiclr-17445	84	1	japanese	japanese	ADJ
iiclr-17445	84	2	investment	investment	NOUN
iiclr-17445	84	3	trusts	trust	NOUN
iiclr-17445	84	4	are	be	AUX
iiclr-17445	84	5	also	also	ADV
iiclr-17445	84	6	classified	classify	VERB
iiclr-17445	84	7	either	either	CCONJ
iiclr-17445	84	8	as	as	ADP
iiclr-17445	84	9	unit	unit	NOUN
iiclr-17445	84	10	-	-	PUNCT
iiclr-17445	84	11	type	type	NOUN
iiclr-17445	84	12	or	or	CCONJ
iiclr-17445	84	13	as	as	ADP
iiclr-17445	84	14	supplementary	supplementary	ADJ
iiclr-17445	84	15	-	-	PUNCT
iiclr-17445	84	16	funding	funding	NOUN
iiclr-17445	84	17	type	type	NOUN
iiclr-17445	84	18	,	,	PUNCT
iiclr-17445	84	19	depending	depend	VERB
iiclr-17445	84	20	on	on	ADP
iiclr-17445	84	21	whether	whether	SCONJ
iiclr-17445	84	22	or	or	CCONJ
iiclr-17445	84	23	not	not	PART
iiclr-17445	84	24	additional	additional	ADJ
iiclr-17445	84	25	capital	capital	NOUN
iiclr-17445	84	26	can	can	AUX
iiclr-17445	84	27	be	be	AUX
iiclr-17445	84	28	raised	raise	VERB
iiclr-17445	84	29	for	for	ADP
iiclr-17445	84	30	the	the	DET
iiclr-17445	84	31	investment	investment	NOUN
iiclr-17445	84	32	trust	trust	NOUN
iiclr-17445	84	33	fund	fund	NOUN
iiclr-17445	84	34	after	after	ADP
iiclr-17445	84	35	the	the	DET
iiclr-17445	84	36	time	time	NOUN
iiclr-17445	84	37	of	of	ADP
iiclr-17445	84	38	initial	initial	ADJ
iiclr-17445	84	39	subscription	subscription	NOUN
iiclr-17445	84	40	.	.	PUNCT
iiclr-17445	85	1	unit	unit	NOUN
iiclr-17445	85	2	-	-	PUNCT
iiclr-17445	85	3	type	type	NOUN
iiclr-17445	85	4	and	and	CCONJ
iiclr-17445	85	5	supplementary	supplementary	ADJ
iiclr-17445	85	6	-	-	PUNCT
iiclr-17445	85	7	funding	funding	NOUN
iiclr-17445	85	8	type	type	NOUN
iiclr-17445	85	9	investment	investment	NOUN
iiclr-17445	85	10	trusts	trust	NOUN
iiclr-17445	85	11	are	be	AUX
iiclr-17445	85	12	themselves	themselves	PRON
iiclr-17445	85	13	classified	classify	VERB
iiclr-17445	85	14	as	as	ADP
iiclr-17445	85	15	either	either	CCONJ
iiclr-17445	85	16	stock	stock	NOUN
iiclr-17445	85	17	investment	investment	NOUN
iiclr-17445	85	18	trusts	trust	NOUN
iiclr-17445	85	19	or	or	CCONJ
iiclr-17445	85	20	bond	bond	NOUN
iiclr-17445	85	21	investment	investment	NOUN
iiclr-17445	85	22	trusts	trust	NOUN
iiclr-17445	85	23	depending	depend	VERB
iiclr-17445	85	24	on	on	ADP
iiclr-17445	85	25	their	their	PRON
iiclr-17445	85	26	portfolio	portfolio	NOUN
iiclr-17445	85	27	structure	structure	NOUN
iiclr-17445	85	28	.	.	PUNCT
iiclr-17445	86	1	a	a	DET
iiclr-17445	86	2	bond	bond	NOUN
iiclr-17445	86	3	investment	investment	NOUN
iiclr-17445	86	4	trust	trust	NOUN
iiclr-17445	86	5	is	be	AUX
iiclr-17445	86	6	ordinarily	ordinarily	ADV
iiclr-17445	86	7	comprised	comprise	VERB
iiclr-17445	86	8	of	of	ADP
iiclr-17445	86	9	bonds	bond	NOUN
iiclr-17445	86	10	exclusively	exclusively	ADV
iiclr-17445	86	11	.	.	PUNCT
iiclr-17445	87	1	a	a	DET
iiclr-17445	87	2	stock	stock	NOUN
iiclr-17445	87	3	investment	investment	NOUN
iiclr-17445	87	4	trust	trust	NOUN
iiclr-17445	87	5	can	can	AUX
iiclr-17445	87	6	contain	contain	VERB
iiclr-17445	87	7	both	both	DET
iiclr-17445	87	8	stocks	stock	NOUN
iiclr-17445	87	9	and	and	CCONJ
iiclr-17445	87	10	bonds	bond	NOUN
iiclr-17445	87	11	.	.	PUNCT
iiclr-17445	88	1	at	at	ADP
iiclr-17445	88	2	present	present	ADJ
iiclr-17445	88	3	,	,	PUNCT
iiclr-17445	88	4	the	the	DET
iiclr-17445	88	5	majority	majority	NOUN
iiclr-17445	88	6	of	of	ADP
iiclr-17445	88	7	japanese	japanese	ADJ
iiclr-17445	88	8	stock	stock	NOUN
iiclr-17445	88	9	funds	fund	NOUN
iiclr-17445	88	10	are	be	AUX
iiclr-17445	88	11	offered	offer	VERB
iiclr-17445	88	12	as	as	ADP
iiclr-17445	88	13	unit	unit	NOUN
iiclr-17445	88	14	-	-	PUNCT
iiclr-17445	88	15	type	type	NOUN
iiclr-17445	88	16	investment	investment	NOUN
iiclr-17445	88	17	trusts	trust	NOUN
iiclr-17445	88	18	with	with	ADP
iiclr-17445	88	19	these	these	DET
iiclr-17445	88	20	funds	fund	NOUN
iiclr-17445	88	21	being	be	AUX
iiclr-17445	88	22	the	the	DET
iiclr-17445	88	23	mainstay	mainstay	NOUN
iiclr-17445	88	24	of	of	ADP
iiclr-17445	88	25	the	the	DET
iiclr-17445	88	26	japanese	japanese	ADJ
iiclr-17445	88	27	investment	investment	NOUN
iiclr-17445	88	28	trust	trust	NOUN
iiclr-17445	88	29	industry	industry	NOUN
iiclr-17445	88	30	.	.	PUNCT
iiclr-17445	89	1	since	since	SCONJ
iiclr-17445	89	2	they	they	PRON
iiclr-17445	89	3	do	do	AUX
iiclr-17445	89	4	not	not	PART
iiclr-17445	89	5	replenish	replenish	VERB
iiclr-17445	89	6	their	their	PRON
iiclr-17445	89	7	capital	capital	NOUN
iiclr-17445	89	8	through	through	ADP
iiclr-17445	89	9	additional	additional	ADJ
iiclr-17445	89	10	share	share	NOUN
iiclr-17445	89	11	offerings	offering	NOUN
iiclr-17445	89	12	and	and	CCONJ
iiclr-17445	89	13	since	since	SCONJ
iiclr-17445	89	14	they	they	PRON
iiclr-17445	89	15	restrict	restrict	VERB
iiclr-17445	89	16	early	early	ADJ
iiclr-17445	89	17	redemption	redemption	NOUN
iiclr-17445	89	18	of	of	ADP
iiclr-17445	89	19	beneficiary	beneficiary	NOUN
iiclr-17445	89	20	certificates	certificate	NOUN
iiclr-17445	89	21	,	,	PUNCT
iiclr-17445	89	22	japanese	japanese	ADJ
iiclr-17445	89	23	unit	unit	NOUN
iiclr-17445	89	24	-	-	PUNCT
iiclr-17445	89	25	type	type	NOUN
iiclr-17445	89	26	stock	stock	NOUN
iiclr-17445	89	27	investment	investment	NOUN
iiclr-17445	89	28	trust	trust	NOUN
iiclr-17445	89	29	funds	fund	NOUN
iiclr-17445	89	30	can	can	AUX
iiclr-17445	89	31	not	not	PART
iiclr-17445	89	32	be	be	AUX
iiclr-17445	89	33	bought	buy	VERB
iiclr-17445	89	34	and	and	CCONJ
iiclr-17445	89	35	sold	sell	VERB
iiclr-17445	89	36	with	with	ADP
iiclr-17445	89	37	the	the	DET
iiclr-17445	89	38	same	same	ADJ
iiclr-17445	89	39	ease	ease	NOUN
iiclr-17445	89	40	as	as	SCONJ
iiclr-17445	89	41	can	can	AUX
iiclr-17445	89	42	united	united	VERB
iiclr-17445	89	43	states	states	PROPN
iiclr-17445	89	44	mutual	mutual	ADJ
iiclr-17445	89	45	funds	fund	NOUN
iiclr-17445	89	46	and	and	CCONJ
iiclr-17445	89	47	the	the	DET
iiclr-17445	89	48	ec	ec	PROPN
iiclr-17445	89	49	's	's	PART
iiclr-17445	89	50	ucits	ucit	NOUN
iiclr-17445	89	51	-	-	PUNCT
iiclr-17445	89	52	type	type	NOUN
iiclr-17445	89	53	funds	fund	NOUN
iiclr-17445	89	54	.	.	PUNCT
iiclr-17445	90	1	investment	investment	NOUN
iiclr-17445	90	2	trusts	trust	NOUN
iiclr-17445	90	3	ordinarily	ordinarily	ADV
iiclr-17445	90	4	take	take	VERB
iiclr-17445	90	5	one	one	NUM
iiclr-17445	90	6	of	of	ADP
iiclr-17445	90	7	two	two	NUM
iiclr-17445	90	8	legal	legal	ADJ
iiclr-17445	90	9	forms	form	NOUN
iiclr-17445	90	10	:	:	PUNCT
iiclr-17445	90	11	the	the	DET
iiclr-17445	90	12	contract	contract	NOUN
iiclr-17445	90	13	-	-	PUNCT
iiclr-17445	90	14	type	type	NOUN
iiclr-17445	90	15	or	or	CCONJ
iiclr-17445	90	16	corporate	corporate	ADJ
iiclr-17445	90	17	-	-	PUNCT
iiclr-17445	90	18	type	type	NOUN
iiclr-17445	90	19	.	.	PUNCT
iiclr-17445	91	1	other	other	ADJ
iiclr-17445	91	2	legal	legal	ADJ
iiclr-17445	91	3	forms	form	NOUN
iiclr-17445	91	4	such	such	ADJ
iiclr-17445	91	5	as	as	ADP
iiclr-17445	91	6	the	the	DET
iiclr-17445	91	7	partnership11	partnership11	NOUN
iiclr-17445	91	8	.	.	PUNCT
iiclr-17445	92	1	internationally	internationally	ADV
iiclr-17445	92	2	,	,	PUNCT
iiclr-17445	92	3	"	"	PUNCT
iiclr-17445	92	4	open	open	ADJ
iiclr-17445	92	5	-	-	PUNCT
iiclr-17445	92	6	end	end	NOUN
iiclr-17445	92	7	"	"	PUNCT
iiclr-17445	92	8	refers	refer	VERB
iiclr-17445	92	9	to	to	ADP
iiclr-17445	92	10	an	an	DET
iiclr-17445	92	11	investment	investment	NOUN
iiclr-17445	92	12	trust	trust	NOUN
iiclr-17445	92	13	which	which	PRON
iiclr-17445	92	14	offers	offer	VERB
iiclr-17445	92	15	redeemable	redeemable	ADJ
iiclr-17445	92	16	securities	security	NOUN
iiclr-17445	92	17	or	or	CCONJ
iiclr-17445	92	18	which	which	PRON
iiclr-17445	92	19	continuously	continuously	ADV
iiclr-17445	92	20	redeems	redeem	VERB
iiclr-17445	92	21	its	its	PRON
iiclr-17445	92	22	securities	security	NOUN
iiclr-17445	92	23	/	/	SYM
iiclr-17445	92	24	certificates	certificate	NOUN
iiclr-17445	92	25	and	and	CCONJ
iiclr-17445	92	26	,	,	PUNCT
iiclr-17445	92	27	as	as	SCONJ
iiclr-17445	92	28	described	describe	VERB
iiclr-17445	92	29	in	in	ADP
iiclr-17445	92	30	the	the	DET
iiclr-17445	92	31	body	body	NOUN
iiclr-17445	92	32	,	,	PUNCT
iiclr-17445	92	33	is	be	AUX
iiclr-17445	92	34	normally	normally	ADV
iiclr-17445	92	35	applied	apply	VERB
iiclr-17445	92	36	to	to	ADP
iiclr-17445	92	37	mutual	mutual	ADJ
iiclr-17445	92	38	funds	fund	NOUN
iiclr-17445	92	39	in	in	ADP
iiclr-17445	92	40	the	the	DET
iiclr-17445	92	41	united	united	PROPN
iiclr-17445	92	42	states	states	PROPN
iiclr-17445	92	43	and	and	CCONJ
iiclr-17445	92	44	the	the	DET
iiclr-17445	92	45	ucits	ucit	NOUN
iiclr-17445	92	46	-	-	PUNCT
iiclr-17445	92	47	type	type	NOUN
iiclr-17445	92	48	funds	fund	NOUN
iiclr-17445	92	49	in	in	ADP
iiclr-17445	92	50	the	the	DET
iiclr-17445	92	51	ec	ec	PROPN
iiclr-17445	92	52	.	.	PUNCT
iiclr-17445	93	1	this	this	DET
iiclr-17445	93	2	definition	definition	NOUN
iiclr-17445	93	3	helps	help	VERB
iiclr-17445	93	4	to	to	PART
iiclr-17445	93	5	explain	explain	VERB
iiclr-17445	93	6	why	why	SCONJ
iiclr-17445	93	7	the	the	DET
iiclr-17445	93	8	term	term	NOUN
iiclr-17445	93	9	"	"	PUNCT
iiclr-17445	93	10	semiopen	semiopen	ADJ
iiclr-17445	93	11	"	"	PUNCT
iiclr-17445	93	12	is	be	AUX
iiclr-17445	93	13	used	use	VERB
iiclr-17445	93	14	to	to	PART
iiclr-17445	93	15	describe	describe	VERB
iiclr-17445	93	16	those	those	DET
iiclr-17445	93	17	japanese	japanese	ADJ
iiclr-17445	93	18	investment	investment	NOUN
iiclr-17445	93	19	trusts	trust	NOUN
iiclr-17445	93	20	with	with	ADP
iiclr-17445	93	21	closed	closed	ADJ
iiclr-17445	93	22	periods	period	NOUN
iiclr-17445	93	23	.	.	PUNCT
iiclr-17445	94	1	a	a	DET
iiclr-17445	94	2	small	small	ADJ
iiclr-17445	94	3	number	number	NOUN
iiclr-17445	94	4	of	of	ADP
iiclr-17445	94	5	united	united	PROPN
iiclr-17445	94	6	states	states	PROPN
iiclr-17445	94	7	closed	close	VERB
iiclr-17445	94	8	-	-	PUNCT
iiclr-17445	94	9	end	end	NOUN
iiclr-17445	94	10	funds	fund	NOUN
iiclr-17445	94	11	are	be	AUX
iiclr-17445	94	12	now	now	ADV
iiclr-17445	94	13	making	make	VERB
iiclr-17445	94	14	periodical	periodical	ADJ
iiclr-17445	94	15	tender	tender	NOUN
iiclr-17445	94	16	offers	offer	VERB
iiclr-17445	94	17	for	for	ADP
iiclr-17445	94	18	their	their	PRON
iiclr-17445	94	19	shares	share	NOUN
iiclr-17445	94	20	with	with	ADP
iiclr-17445	94	21	this	this	DET
iiclr-17445	94	22	activity	activity	NOUN
iiclr-17445	94	23	typically	typically	ADV
iiclr-17445	94	24	taking	take	VERB
iiclr-17445	94	25	place	place	NOUN
iiclr-17445	94	26	on	on	ADP
iiclr-17445	94	27	a	a	DET
iiclr-17445	94	28	quarterly	quarterly	ADJ
iiclr-17445	94	29	basis	basis	NOUN
iiclr-17445	94	30	.	.	PUNCT
iiclr-17445	95	1	functionally	functionally	ADV
iiclr-17445	95	2	,	,	PUNCT
iiclr-17445	95	3	these	these	DET
iiclr-17445	95	4	funds	fund	NOUN
iiclr-17445	95	5	might	might	AUX
iiclr-17445	95	6	be	be	AUX
iiclr-17445	95	7	viewed	view	VERB
iiclr-17445	95	8	as	as	ADP
iiclr-17445	95	9	resembling	resemble	VERB
iiclr-17445	95	10	a	a	DET
iiclr-17445	95	11	japanese	japanese	ADJ
iiclr-17445	95	12	"	"	PUNCT
iiclr-17445	95	13	semiopen	semiopen	ADJ
iiclr-17445	95	14	"	"	PUNCT
iiclr-17445	95	15	trust	trust	NOUN
iiclr-17445	95	16	.	.	PUNCT
iiclr-17445	96	1	[	[	X
iiclr-17445	96	2	vol	vol	NOUN
iiclr-17445	96	3	.	.	PUNCT
iiclr-17445	96	4	2:385	2:385	NUM
iiclr-17445	97	1	japan	japan	PROPN
iiclr-17445	97	2	's	's	PART
iiclr-17445	97	3	investment	investment	NOUN
iiclr-17445	97	4	trust	trust	NOUN
iiclr-17445	97	5	type	type	NOUN
iiclr-17445	97	6	also	also	ADV
iiclr-17445	97	7	exist	exist	VERB
iiclr-17445	97	8	.	.	PUNCT
iiclr-17445	98	1	only	only	ADV
iiclr-17445	98	2	contract	contract	NOUN
iiclr-17445	98	3	-	-	PUNCT
iiclr-17445	98	4	type	type	NOUN
iiclr-17445	98	5	investment	investment	NOUN
iiclr-17445	98	6	trusts	trust	NOUN
iiclr-17445	98	7	exist	exist	VERB
iiclr-17445	98	8	in	in	ADP
iiclr-17445	98	9	japan	japan	PROPN
iiclr-17445	98	10	today	today	NOUN
iiclr-17445	98	11	while	while	SCONJ
iiclr-17445	98	12	company	company	NOUN
iiclr-17445	98	13	or	or	CCONJ
iiclr-17445	98	14	corporate	corporate	ADJ
iiclr-17445	98	15	-	-	PUNCT
iiclr-17445	98	16	type	type	NOUN
iiclr-17445	98	17	investment	investment	NOUN
iiclr-17445	98	18	trusts	trust	NOUN
iiclr-17445	98	19	dominate	dominate	VERB
iiclr-17445	98	20	the	the	DET
iiclr-17445	98	21	united	united	PROPN
iiclr-17445	98	22	states	states	PROPN
iiclr-17445	98	23	investment	investment	PROPN
iiclr-17445	98	24	trust	trust	NOUN
iiclr-17445	98	25	industry	industry	NOUN
iiclr-17445	98	26	.	.	PUNCT
iiclr-17445	99	1	in	in	ADP
iiclr-17445	99	2	the	the	DET
iiclr-17445	99	3	ec	ec	PROPN
iiclr-17445	99	4	,	,	PUNCT
iiclr-17445	99	5	the	the	DET
iiclr-17445	99	6	investment	investment	NOUN
iiclr-17445	99	7	trust	trust	NOUN
iiclr-17445	99	8	integration	integration	NOUN
iiclr-17445	99	9	program	program	NOUN
iiclr-17445	99	10	(	(	PUNCT
iiclr-17445	99	11	ucits	ucit	NOUN
iiclr-17445	99	12	)	)	PUNCT
iiclr-17445	99	13	has	have	VERB
iiclr-17445	99	14	provisions	provision	NOUN
iiclr-17445	99	15	for	for	ADP
iiclr-17445	99	16	both	both	DET
iiclr-17445	99	17	contracttype	contracttype	NOUN
iiclr-17445	99	18	funds	fund	NOUN
iiclr-17445	99	19	(	(	PUNCT
iiclr-17445	99	20	fcp	fcp	PROPN
iiclr-17445	99	21	fonds	fonds	PROPN
iiclr-17445	99	22	commun	commun	PROPN
iiclr-17445	99	23	de	de	X
iiclr-17445	99	24	placement	placement	NOUN
iiclr-17445	99	25	)	)	PUNCT
iiclr-17445	99	26	and	and	CCONJ
iiclr-17445	99	27	corporate	corporate	ADJ
iiclr-17445	99	28	-	-	PUNCT
iiclr-17445	99	29	type	type	NOUN
iiclr-17445	99	30	funds	fund	NOUN
iiclr-17445	99	31	(	(	PUNCT
iiclr-17445	99	32	sicav	sicav	ADJ
iiclr-17445	99	33	societe	societe	ADJ
iiclr-17445	99	34	d'investissement	d'investissement	PROPN
iiclr-17445	99	35	a	a	DET
iiclr-17445	99	36	capital	capital	NOUN
iiclr-17445	99	37	variable	variable	NOUN
iiclr-17445	99	38	)	)	PUNCT
iiclr-17445	99	39	.	.	PUNCT
iiclr-17445	100	1	'	'	PUNCT
iiclr-17445	100	2	"	"	PUNCT
iiclr-17445	100	3	therefore	therefore	ADV
iiclr-17445	100	4	,	,	PUNCT
iiclr-17445	100	5	some	some	PRON
iiclr-17445	100	6	of	of	ADP
iiclr-17445	100	7	the	the	DET
iiclr-17445	100	8	differences	difference	NOUN
iiclr-17445	100	9	between	between	ADP
iiclr-17445	100	10	japanese	japanese	ADJ
iiclr-17445	100	11	investment	investment	NOUN
iiclr-17445	100	12	trusts	trust	NOUN
iiclr-17445	100	13	and	and	CCONJ
iiclr-17445	100	14	united	united	PROPN
iiclr-17445	100	15	states	states	PROPN
iiclr-17445	100	16	mutual	mutual	ADJ
iiclr-17445	100	17	funds	fund	NOUN
iiclr-17445	100	18	are	be	AUX
iiclr-17445	100	19	due	due	ADJ
iiclr-17445	100	20	to	to	ADP
iiclr-17445	100	21	the	the	DET
iiclr-17445	100	22	difference	difference	NOUN
iiclr-17445	100	23	in	in	ADP
iiclr-17445	100	24	legal	legal	ADJ
iiclr-17445	100	25	form	form	NOUN
iiclr-17445	100	26	.	.	PUNCT
iiclr-17445	101	1	both	both	DET
iiclr-17445	101	2	types	type	NOUN
iiclr-17445	101	3	of	of	ADP
iiclr-17445	101	4	trusts	trust	NOUN
iiclr-17445	101	5	can	can	AUX
iiclr-17445	101	6	serve	serve	VERB
iiclr-17445	101	7	similar	similar	ADJ
iiclr-17445	101	8	financial	financial	ADJ
iiclr-17445	101	9	purposes	purpose	NOUN
iiclr-17445	101	10	and	and	CCONJ
iiclr-17445	101	11	functions	function	NOUN
iiclr-17445	101	12	.	.	PUNCT
iiclr-17445	102	1	the	the	DET
iiclr-17445	102	2	segmentation	segmentation	NOUN
iiclr-17445	102	3	of	of	ADP
iiclr-17445	102	4	the	the	DET
iiclr-17445	102	5	trusts	trust	NOUN
iiclr-17445	102	6	into	into	ADP
iiclr-17445	102	7	contract	contract	NOUN
iiclr-17445	102	8	-	-	PUNCT
iiclr-17445	102	9	type	type	NOUN
iiclr-17445	102	10	and	and	CCONJ
iiclr-17445	102	11	corporate	corporate	ADJ
iiclr-17445	102	12	-	-	PUNCT
iiclr-17445	102	13	type	type	NOUN
iiclr-17445	102	14	reflects	reflect	VERB
iiclr-17445	102	15	choices	choice	NOUN
iiclr-17445	102	16	made	make	VERB
iiclr-17445	102	17	at	at	ADP
iiclr-17445	102	18	different	different	ADJ
iiclr-17445	102	19	times	time	NOUN
iiclr-17445	102	20	and	and	CCONJ
iiclr-17445	102	21	in	in	ADP
iiclr-17445	102	22	different	different	ADJ
iiclr-17445	102	23	countries	country	NOUN
iiclr-17445	102	24	under	under	ADP
iiclr-17445	102	25	specific	specific	ADJ
iiclr-17445	102	26	social	social	ADJ
iiclr-17445	102	27	and	and	CCONJ
iiclr-17445	102	28	economic	economic	ADJ
iiclr-17445	102	29	conditions	condition	NOUN
iiclr-17445	102	30	.	.	PUNCT
iiclr-17445	103	1	3	3	NUM
iiclr-17445	103	2	12	12	NUM
iiclr-17445	103	3	.	.	PUNCT
iiclr-17445	104	1	categories	category	NOUN
iiclr-17445	104	2	of	of	ADP
iiclr-17445	104	3	investment	investment	PROPN
iiclr-17445	104	4	trust	trust	PROPN
iiclr-17445	104	5	i.	i.	PROPN
iiclr-17445	104	6	contract	contract	PROPN
iiclr-17445	104	7	-	-	PUNCT
iiclr-17445	104	8	type	type	NOUN
iiclr-17445	104	9	(	(	PUNCT
iiclr-17445	104	10	a	a	NOUN
iiclr-17445	104	11	)	)	PUNCT
iiclr-17445	104	12	flexible	flexible	ADJ
iiclr-17445	104	13	type	type	NOUN
iiclr-17445	104	14	(	(	PUNCT
iiclr-17445	104	15	b	b	NOUN
iiclr-17445	104	16	)	)	PUNCT
iiclr-17445	104	17	fixed	fix	VERB
iiclr-17445	104	18	type	type	NOUN
iiclr-17445	104	19	(	(	PUNCT
iiclr-17445	104	20	a	a	NOUN
iiclr-17445	104	21	)	)	PUNCT
iiclr-17445	104	22	flexible	flexible	ADJ
iiclr-17445	104	23	type	type	NOUN
iiclr-17445	104	24	(	(	PUNCT
iiclr-17445	104	25	1	1	NUM
iiclr-17445	104	26	)	)	PUNCT
iiclr-17445	104	27	unit	unit	NOUN
iiclr-17445	104	28	trust	trust	NOUN
iiclr-17445	104	29	(	(	PUNCT
iiclr-17445	104	30	open	open	ADJ
iiclr-17445	104	31	-	-	PUNCT
iiclr-17445	104	32	end	end	NOUN
iiclr-17445	104	33	type	type	NOUN
iiclr-17445	104	34	)	)	PUNCT
iiclr-17445	104	35	in	in	ADP
iiclr-17445	104	36	the	the	DET
iiclr-17445	104	37	u.k	u.k	PROPN
iiclr-17445	104	38	.	.	PROPN
iiclr-17445	104	39	and	and	CCONJ
iiclr-17445	104	40	european	european	ADJ
iiclr-17445	104	41	community	community	NOUN
iiclr-17445	104	42	(	(	PUNCT
iiclr-17445	104	43	2	2	X
iiclr-17445	104	44	)	)	PUNCT
iiclr-17445	104	45	all	all	DET
iiclr-17445	104	46	unit	unit	NOUN
iiclr-17445	104	47	type	type	NOUN
iiclr-17445	104	48	and	and	CCONJ
iiclr-17445	104	49	open	open	ADJ
iiclr-17445	104	50	-	-	PUNCT
iiclr-17445	104	51	end	end	NOUN
iiclr-17445	104	52	type	type	NOUN
iiclr-17445	104	53	in	in	ADP
iiclr-17445	104	54	japan	japan	PROPN
iiclr-17445	104	55	's	's	PART
iiclr-17445	104	56	investment	investment	NOUN
iiclr-17445	104	57	trust	trust	NOUN
iiclr-17445	104	58	system	system	NOUN
iiclr-17445	104	59	(	(	PUNCT
iiclr-17445	104	60	b	b	NOUN
iiclr-17445	104	61	)	)	PUNCT
iiclr-17445	104	62	fixed	fix	VERB
iiclr-17445	104	63	type	type	NOUN
iiclr-17445	104	64	(	(	PUNCT
iiclr-17445	104	65	1	1	NUM
iiclr-17445	104	66	)	)	PUNCT
iiclr-17445	104	67	u.k	u.k	PROPN
iiclr-17445	104	68	.	.	PROPN
iiclr-17445	104	69	unit	unit	PROPN
iiclr-17445	104	70	trust	trust	NOUN
iiclr-17445	104	71	at	at	ADP
iiclr-17445	104	72	a	a	DET
iiclr-17445	104	73	stage	stage	NOUN
iiclr-17445	104	74	in	in	ADP
iiclr-17445	104	75	its	its	PRON
iiclr-17445	104	76	historical	historical	ADJ
iiclr-17445	104	77	development	development	NOUN
iiclr-17445	104	78	(	(	PUNCT
iiclr-17445	104	79	2	2	X
iiclr-17445	104	80	)	)	PUNCT
iiclr-17445	104	81	u.s	u.s	PROPN
iiclr-17445	104	82	.	.	PROPN
iiclr-17445	104	83	unit	unit	PROPN
iiclr-17445	104	84	trust	trust	NOUN
iiclr-17445	104	85	at	at	ADP
iiclr-17445	104	86	a	a	DET
iiclr-17445	104	87	stage	stage	NOUN
iiclr-17445	104	88	in	in	ADP
iiclr-17445	104	89	its	its	PRON
iiclr-17445	104	90	historical	historical	ADJ
iiclr-17445	104	91	development	development	PROPN
iiclr-17445	104	92	ii	ii	PROPN
iiclr-17445	104	93	.	.	PUNCT
iiclr-17445	105	1	corporate	corporate	ADJ
iiclr-17445	105	2	-	-	PUNCT
iiclr-17445	105	3	type	type	NOUN
iiclr-17445	105	4	(	(	PUNCT
iiclr-17445	105	5	a	a	NOUN
iiclr-17445	105	6	)	)	PUNCT
iiclr-17445	105	7	closed	closed	ADJ
iiclr-17445	105	8	-	-	PUNCT
iiclr-17445	105	9	end	end	NOUN
iiclr-17445	105	10	(	(	PUNCT
iiclr-17445	105	11	b	b	NOUN
iiclr-17445	105	12	)	)	PUNCT
iiclr-17445	105	13	open	open	ADJ
iiclr-17445	105	14	-	-	PUNCT
iiclr-17445	105	15	end	end	NOUN
iiclr-17445	105	16	(	(	PUNCT
iiclr-17445	105	17	a	a	PRON
iiclr-17445	105	18	)	)	PUNCT
iiclr-17445	105	19	closed	closed	ADJ
iiclr-17445	105	20	-	-	PUNCT
iiclr-17445	105	21	end	end	NOUN
iiclr-17445	105	22	(	(	PUNCT
iiclr-17445	105	23	1	1	NUM
iiclr-17445	105	24	)	)	PUNCT
iiclr-17445	105	25	u.k	u.k	PROPN
iiclr-17445	105	26	.	.	PROPN
iiclr-17445	105	27	investment	investment	NOUN
iiclr-17445	105	28	trust	trust	NOUN
iiclr-17445	105	29	(	(	PUNCT
iiclr-17445	105	30	mostly	mostly	ADV
iiclr-17445	105	31	for	for	ADP
iiclr-17445	105	32	institutional	institutional	ADJ
iiclr-17445	105	33	investors	investor	NOUN
iiclr-17445	105	34	)	)	PUNCT
iiclr-17445	105	35	(	(	PUNCT
iiclr-17445	105	36	2	2	X
iiclr-17445	105	37	)	)	PUNCT
iiclr-17445	105	38	some	some	DET
iiclr-17445	105	39	investment	investment	NOUN
iiclr-17445	105	40	companies	company	NOUN
iiclr-17445	105	41	in	in	ADP
iiclr-17445	105	42	the	the	DET
iiclr-17445	105	43	u.s	u.s	PROPN
iiclr-17445	105	44	.	.	PROPN
iiclr-17445	105	45	(	(	PUNCT
iiclr-17445	105	46	b	b	X
iiclr-17445	105	47	)	)	PUNCT
iiclr-17445	105	48	open	open	ADJ
iiclr-17445	105	49	-	-	PUNCT
iiclr-17445	105	50	end	end	NOUN
iiclr-17445	105	51	(	(	PUNCT
iiclr-17445	105	52	1	1	NUM
iiclr-17445	105	53	)	)	PUNCT
iiclr-17445	105	54	u.k	u.k	NOUN
iiclr-17445	105	55	.	.	PROPN
iiclr-17445	105	56	and	and	CCONJ
iiclr-17445	105	57	ec	ec	PROPN
iiclr-17445	105	58	investment	investment	NOUN
iiclr-17445	105	59	companies	company	NOUN
iiclr-17445	105	60	(	(	PUNCT
iiclr-17445	105	61	2	2	X
iiclr-17445	105	62	)	)	PUNCT
iiclr-17445	105	63	u.s	u.s	PROPN
iiclr-17445	105	64	.	.	PROPN
iiclr-17445	105	65	mutual	mutual	ADJ
iiclr-17445	105	66	funds	fund	NOUN
iiclr-17445	105	67	fixed	fix	VERB
iiclr-17445	105	68	and	and	CCONJ
iiclr-17445	105	69	flexible	flexible	ADJ
iiclr-17445	105	70	refers	refer	NOUN
iiclr-17445	105	71	to	to	ADP
iiclr-17445	105	72	the	the	DET
iiclr-17445	105	73	amount	amount	NOUN
iiclr-17445	105	74	of	of	ADP
iiclr-17445	105	75	discretion	discretion	NOUN
iiclr-17445	105	76	given	give	VERB
iiclr-17445	105	77	to	to	ADP
iiclr-17445	105	78	the	the	DET
iiclr-17445	105	79	trust	trust	NOUN
iiclr-17445	105	80	's	's	PART
iiclr-17445	105	81	management	management	NOUN
iiclr-17445	105	82	to	to	PART
iiclr-17445	105	83	change	change	VERB
iiclr-17445	105	84	the	the	DET
iiclr-17445	105	85	composition	composition	NOUN
iiclr-17445	105	86	of	of	ADP
iiclr-17445	105	87	securities	security	NOUN
iiclr-17445	105	88	held	hold	VERB
iiclr-17445	105	89	in	in	ADP
iiclr-17445	105	90	the	the	DET
iiclr-17445	105	91	trust	trust	NOUN
iiclr-17445	105	92	's	's	PART
iiclr-17445	105	93	portfolio	portfolio	NOUN
iiclr-17445	105	94	.	.	PUNCT
iiclr-17445	106	1	managers	manager	NOUN
iiclr-17445	106	2	of	of	ADP
iiclr-17445	106	3	fixed	fix	VERB
iiclr-17445	106	4	type	type	NOUN
iiclr-17445	106	5	trusts	trust	NOUN
iiclr-17445	106	6	can	can	AUX
iiclr-17445	106	7	not	not	PART
iiclr-17445	106	8	in	in	ADP
iiclr-17445	106	9	their	their	PRON
iiclr-17445	106	10	own	own	ADJ
iiclr-17445	106	11	discretion	discretion	NOUN
iiclr-17445	106	12	change	change	VERB
iiclr-17445	106	13	the	the	DET
iiclr-17445	106	14	kinds	kind	NOUN
iiclr-17445	106	15	of	of	ADP
iiclr-17445	106	16	securities	security	NOUN
iiclr-17445	106	17	held	hold	VERB
iiclr-17445	106	18	in	in	ADP
iiclr-17445	106	19	the	the	DET
iiclr-17445	106	20	fund	fund	NOUN
iiclr-17445	106	21	's	's	PART
iiclr-17445	106	22	portfolio	portfolio	NOUN
iiclr-17445	106	23	whereas	whereas	SCONJ
iiclr-17445	106	24	in	in	ADP
iiclr-17445	106	25	a	a	DET
iiclr-17445	106	26	flexible	flexible	ADJ
iiclr-17445	106	27	trust	trust	NOUN
iiclr-17445	106	28	managers	manager	NOUN
iiclr-17445	106	29	have	have	VERB
iiclr-17445	106	30	complete	complete	ADJ
iiclr-17445	106	31	discretion	discretion	NOUN
iiclr-17445	106	32	to	to	PART
iiclr-17445	106	33	make	make	VERB
iiclr-17445	106	34	such	such	ADJ
iiclr-17445	106	35	changes	change	NOUN
iiclr-17445	106	36	.	.	PUNCT
iiclr-17445	107	1	13	13	NUM
iiclr-17445	107	2	.	.	PUNCT
iiclr-17445	108	1	the	the	DET
iiclr-17445	108	2	goal	goal	NOUN
iiclr-17445	108	3	is	be	AUX
iiclr-17445	108	4	to	to	PART
iiclr-17445	108	5	secure	secure	VERB
iiclr-17445	108	6	the	the	DET
iiclr-17445	108	7	best	good	ADJ
iiclr-17445	108	8	possible	possible	ADJ
iiclr-17445	108	9	performance	performance	NOUN
iiclr-17445	108	10	in	in	ADP
iiclr-17445	108	11	the	the	DET
iiclr-17445	108	12	functioning	functioning	NOUN
iiclr-17445	108	13	of	of	ADP
iiclr-17445	108	14	collective	collective	ADJ
iiclr-17445	108	15	securities	security	NOUN
iiclr-17445	108	16	investment	investment	NOUN
iiclr-17445	108	17	with	with	ADP
iiclr-17445	108	18	the	the	DET
iiclr-17445	108	19	best	good	ADJ
iiclr-17445	108	20	possible	possible	ADJ
iiclr-17445	108	21	protection	protection	NOUN
iiclr-17445	108	22	for	for	ADP
iiclr-17445	108	23	small	small	ADJ
iiclr-17445	108	24	investors	investor	NOUN
iiclr-17445	108	25	.	.	PUNCT
iiclr-17445	109	1	in	in	ADP
iiclr-17445	109	2	great	great	ADJ
iiclr-17445	109	3	britain	britain	PROPN
iiclr-17445	109	4	,	,	PUNCT
iiclr-17445	109	5	where	where	SCONJ
iiclr-17445	109	6	collective	collective	ADJ
iiclr-17445	109	7	securities	security	NOUN
iiclr-17445	109	8	investment	investment	NOUN
iiclr-17445	109	9	has	have	VERB
iiclr-17445	109	10	a	a	DET
iiclr-17445	109	11	history	history	NOUN
iiclr-17445	109	12	of	of	ADP
iiclr-17445	109	13	over	over	ADP
iiclr-17445	109	14	100	100	NUM
iiclr-17445	109	15	years	year	NOUN
iiclr-17445	109	16	,	,	PUNCT
iiclr-17445	109	17	the	the	DET
iiclr-17445	109	18	contract	contract	NOUN
iiclr-17445	109	19	-	-	PUNCT
iiclr-17445	109	20	type	type	NOUN
iiclr-17445	109	21	trust	trust	NOUN
iiclr-17445	109	22	was	be	AUX
iiclr-17445	109	23	the	the	DET
iiclr-17445	109	24	norm	norm	NOUN
iiclr-17445	109	25	in	in	ADP
iiclr-17445	109	26	the	the	DET
iiclr-17445	109	27	early	early	ADJ
iiclr-17445	109	28	years	year	NOUN
iiclr-17445	109	29	.	.	PUNCT
iiclr-17445	110	1	corporate	corporate	ADJ
iiclr-17445	110	2	-	-	PUNCT
iiclr-17445	110	3	type	type	NOUN
iiclr-17445	110	4	funds	fund	NOUN
iiclr-17445	110	5	were	be	AUX
iiclr-17445	110	6	later	later	ADV
iiclr-17445	110	7	introduced	introduce	VERB
iiclr-17445	110	8	in	in	ADP
iiclr-17445	110	9	relation	relation	NOUN
iiclr-17445	110	10	to	to	ADP
iiclr-17445	110	11	the	the	DET
iiclr-17445	110	12	idea	idea	NOUN
iiclr-17445	110	13	that	that	SCONJ
iiclr-17445	110	14	investment	investment	NOUN
iiclr-17445	110	15	trusts	trust	NOUN
iiclr-17445	110	16	should	should	AUX
iiclr-17445	110	17	be	be	AUX
iiclr-17445	110	18	governed	govern	VERB
iiclr-17445	110	19	by	by	ADP
iiclr-17445	110	20	the	the	DET
iiclr-17445	110	21	company	company	NOUN
iiclr-17445	110	22	act	act	NOUN
iiclr-17445	110	23	.	.	PUNCT
iiclr-17445	111	1	in	in	ADP
iiclr-17445	111	2	the	the	DET
iiclr-17445	111	3	united	united	PROPN
iiclr-17445	111	4	states	states	PROPN
iiclr-17445	111	5	,	,	PUNCT
iiclr-17445	111	6	there	there	PRON
iiclr-17445	111	7	was	be	VERB
iiclr-17445	111	8	a	a	DET
iiclr-17445	111	9	period	period	NOUN
iiclr-17445	111	10	in	in	ADP
iiclr-17445	111	11	the	the	DET
iiclr-17445	111	12	early	early	ADJ
iiclr-17445	111	13	1900s	1900	NOUN
iiclr-17445	111	14	when	when	SCONJ
iiclr-17445	111	15	a	a	DET
iiclr-17445	111	16	variety	variety	NOUN
iiclr-17445	111	17	of	of	ADP
iiclr-17445	111	18	investment	investment	NOUN
iiclr-17445	111	19	funds	fund	NOUN
iiclr-17445	111	20	flourished	flourish	VERB
iiclr-17445	111	21	.	.	PUNCT
iiclr-17445	112	1	however	however	ADV
iiclr-17445	112	2	,	,	PUNCT
iiclr-17445	112	3	in	in	ADP
iiclr-17445	112	4	1929	1929	NUM
iiclr-17445	112	5	,	,	PUNCT
iiclr-17445	112	6	when	when	SCONJ
iiclr-17445	112	7	the	the	DET
iiclr-17445	112	8	great	great	ADJ
iiclr-17445	112	9	depression	depression	NOUN
iiclr-17445	112	10	struck	strike	VERB
iiclr-17445	112	11	the	the	DET
iiclr-17445	112	12	stock	stock	NOUN
iiclr-17445	112	13	market	market	NOUN
iiclr-17445	112	14	,	,	PUNCT
iiclr-17445	112	15	speculative	speculative	ADJ
iiclr-17445	112	16	managements	management	NOUN
iiclr-17445	112	17	were	be	AUX
iiclr-17445	112	18	exposed	expose	VERB
iiclr-17445	112	19	in	in	ADP
iiclr-17445	112	20	some	some	DET
iiclr-17445	112	21	investment	investment	NOUN
iiclr-17445	112	22	companies	company	NOUN
iiclr-17445	112	23	and	and	CCONJ
iiclr-17445	112	24	many	many	ADJ
iiclr-17445	112	25	of	of	ADP
iiclr-17445	112	26	these	these	DET
iiclr-17445	112	27	companies	company	NOUN
iiclr-17445	112	28	'	'	PART
iiclr-17445	112	29	clients	client	NOUN
iiclr-17445	112	30	experienced	experience	VERB
iiclr-17445	112	31	serious	serious	ADJ
iiclr-17445	112	32	financial	financial	ADJ
iiclr-17445	112	33	losses	loss	NOUN
iiclr-17445	112	34	.	.	PUNCT
iiclr-17445	113	1	within	within	ADP
iiclr-17445	113	2	a	a	DET
iiclr-17445	113	3	few	few	ADJ
iiclr-17445	113	4	years	year	NOUN
iiclr-17445	113	5	,	,	PUNCT
iiclr-17445	113	6	these	these	DET
iiclr-17445	113	7	events	event	NOUN
iiclr-17445	113	8	led	lead	VERB
iiclr-17445	113	9	to	to	ADP
iiclr-17445	113	10	the	the	DET
iiclr-17445	113	11	enactment	enactment	NOUN
iiclr-17445	113	12	of	of	ADP
iiclr-17445	113	13	the	the	DET
iiclr-17445	113	14	investment	investment	NOUN
iiclr-17445	113	15	company	company	NOUN
iiclr-17445	113	16	act	act	NOUN
iiclr-17445	113	17	of	of	ADP
iiclr-17445	113	18	1940	1940	NUM
iiclr-17445	113	19	,	,	PUNCT
iiclr-17445	113	20	which	which	PRON
iiclr-17445	113	21	is	be	AUX
iiclr-17445	113	22	the	the	DET
iiclr-17445	113	23	main	main	ADJ
iiclr-17445	113	24	piece	piece	NOUN
iiclr-17445	113	25	of	of	ADP
iiclr-17445	113	26	legislation	legislation	NOUN
iiclr-17445	113	27	governing	govern	VERB
iiclr-17445	113	28	the	the	DET
iiclr-17445	113	29	u.s	u.s	PROPN
iiclr-17445	113	30	.	.	PROPN
iiclr-17445	113	31	mutual	mutual	ADJ
iiclr-17445	113	32	funds	fund	NOUN
iiclr-17445	113	33	1992	1992	NUM
iiclr-17445	113	34	]	]	PUNCT
iiclr-17445	113	35	ind	ind	NOUN
iiclr-17445	113	36	.	.	PUNCT
iiclr-17445	114	1	int'l	int'l	PROPN
iiclr-17445	114	2	&	&	CCONJ
iiclr-17445	114	3	comp	comp	PROPN
iiclr-17445	114	4	.	.	PUNCT
iiclr-17445	115	1	l.	l.	PROPN
iiclr-17445	115	2	rev	rev	PROPN
iiclr-17445	115	3	.	.	PROPN
iiclr-17445	116	1	in	in	ADP
iiclr-17445	116	2	japan	japan	PROPN
iiclr-17445	116	3	,	,	PUNCT
iiclr-17445	116	4	debate	debate	VERB
iiclr-17445	116	5	over	over	ADP
iiclr-17445	116	6	the	the	DET
iiclr-17445	116	7	introduction	introduction	NOUN
iiclr-17445	116	8	of	of	ADP
iiclr-17445	116	9	corporate	corporate	ADJ
iiclr-17445	116	10	-	-	PUNCT
iiclr-17445	116	11	type	type	NOUN
iiclr-17445	116	12	funds	fund	NOUN
iiclr-17445	116	13	has	have	AUX
iiclr-17445	116	14	not	not	PART
iiclr-17445	116	15	been	be	AUX
iiclr-17445	116	16	exhausted	exhaust	VERB
iiclr-17445	116	17	,	,	PUNCT
iiclr-17445	116	18	however	however	ADV
iiclr-17445	116	19	.	.	PUNCT
iiclr-17445	117	1	during	during	ADP
iiclr-17445	117	2	times	time	NOUN
iiclr-17445	117	3	of	of	ADP
iiclr-17445	117	4	major	major	ADJ
iiclr-17445	117	5	growth	growth	NOUN
iiclr-17445	117	6	or	or	CCONJ
iiclr-17445	117	7	downward	downward	ADJ
iiclr-17445	117	8	kinds	kind	NOUN
iiclr-17445	117	9	of	of	ADP
iiclr-17445	117	10	investment	investment	NOUN
iiclr-17445	117	11	trusts	trust	NOUN
iiclr-17445	117	12	,	,	PUNCT
iiclr-17445	117	13	study	study	NOUN
iiclr-17445	117	14	has	have	AUX
iiclr-17445	117	15	often	often	ADV
iiclr-17445	117	16	resumed	resume	VERB
iiclr-17445	117	17	in	in	ADP
iiclr-17445	117	18	preparation	preparation	NOUN
iiclr-17445	117	19	for	for	ADP
iiclr-17445	117	20	the	the	DET
iiclr-17445	117	21	introduction	introduction	NOUN
iiclr-17445	117	22	of	of	ADP
iiclr-17445	117	23	corporate	corporate	ADJ
iiclr-17445	117	24	-	-	PUNCT
iiclr-17445	117	25	type	type	NOUN
iiclr-17445	117	26	funds	fund	NOUN
iiclr-17445	117	27	.	.	PUNCT
iiclr-17445	118	1	today	today	NOUN
iiclr-17445	118	2	a	a	DET
iiclr-17445	118	3	new	new	ADJ
iiclr-17445	118	4	focus	focus	NOUN
iiclr-17445	118	5	on	on	ADP
iiclr-17445	118	6	this	this	DET
iiclr-17445	118	7	subject	subject	NOUN
iiclr-17445	118	8	is	be	AUX
iiclr-17445	118	9	being	be	AUX
iiclr-17445	118	10	called	call	VERB
iiclr-17445	118	11	for	for	ADP
iiclr-17445	118	12	with	with	ADP
iiclr-17445	118	13	a	a	DET
iiclr-17445	118	14	view	view	NOUN
iiclr-17445	118	15	towards	towards	ADP
iiclr-17445	118	16	further	far	ADV
iiclr-17445	118	17	improving	improve	VERB
iiclr-17445	118	18	the	the	DET
iiclr-17445	118	19	stability	stability	NOUN
iiclr-17445	118	20	of	of	ADP
iiclr-17445	118	21	fund	fund	NOUN
iiclr-17445	118	22	management	management	NOUN
iiclr-17445	118	23	(	(	PUNCT
iiclr-17445	118	24	for	for	ADP
iiclr-17445	118	25	example	example	NOUN
iiclr-17445	118	26	,	,	PUNCT
iiclr-17445	118	27	introduction	introduction	NOUN
iiclr-17445	118	28	of	of	ADP
iiclr-17445	118	29	closedend	closedend	NOUN
iiclr-17445	118	30	corporate	corporate	ADJ
iiclr-17445	118	31	-	-	PUNCT
iiclr-17445	118	32	type	type	NOUN
iiclr-17445	118	33	funds	fund	NOUN
iiclr-17445	118	34	)	)	PUNCT
iiclr-17445	118	35	and	and	CCONJ
iiclr-17445	118	36	harmonizing	harmonize	VERB
iiclr-17445	118	37	the	the	DET
iiclr-17445	118	38	japanese	japanese	ADJ
iiclr-17445	118	39	system	system	NOUN
iiclr-17445	118	40	with	with	ADP
iiclr-17445	118	41	its	its	PRON
iiclr-17445	118	42	foreign	foreign	ADJ
iiclr-17445	118	43	counterparts	counterpart	NOUN
iiclr-17445	118	44	in	in	ADP
iiclr-17445	118	45	order	order	NOUN
iiclr-17445	118	46	to	to	PART
iiclr-17445	118	47	broaden	broaden	VERB
iiclr-17445	118	48	the	the	DET
iiclr-17445	118	49	path	path	NOUN
iiclr-17445	118	50	towards	towards	ADP
iiclr-17445	118	51	crossborder	crossborder	NOUN
iiclr-17445	118	52	marketing	marketing	NOUN
iiclr-17445	118	53	,	,	PUNCT
iiclr-17445	118	54	distribution	distribution	NOUN
iiclr-17445	118	55	,	,	PUNCT
iiclr-17445	118	56	and	and	CCONJ
iiclr-17445	118	57	investment	investment	NOUN
iiclr-17445	118	58	(	(	PUNCT
iiclr-17445	118	59	e.g.	e.g.	ADV
iiclr-17445	118	60	,	,	PUNCT
iiclr-17445	118	61	introduction	introduction	NOUN
iiclr-17445	118	62	of	of	ADP
iiclr-17445	118	63	open	open	ADJ
iiclr-17445	118	64	-	-	PUNCT
iiclr-17445	118	65	end	end	NOUN
iiclr-17445	118	66	corporate	corporate	ADJ
iiclr-17445	118	67	-	-	PUNCT
iiclr-17445	118	68	type	type	NOUN
iiclr-17445	118	69	funds).14	funds).14	PROPN
iiclr-17445	118	70	the	the	DET
iiclr-17445	118	71	following	following	ADJ
iiclr-17445	118	72	issues	issue	NOUN
iiclr-17445	118	73	which	which	PRON
iiclr-17445	118	74	are	be	AUX
iiclr-17445	118	75	presently	presently	ADV
iiclr-17445	118	76	being	be	AUX
iiclr-17445	118	77	discussed	discuss	VERB
iiclr-17445	118	78	in	in	ADP
iiclr-17445	118	79	the	the	DET
iiclr-17445	118	80	united	united	PROPN
iiclr-17445	118	81	states	states	PROPN
iiclr-17445	118	82	will	will	AUX
iiclr-17445	118	83	,	,	PUNCT
iiclr-17445	118	84	however	however	ADV
iiclr-17445	118	85	,	,	PUNCT
iiclr-17445	118	86	need	need	VERB
iiclr-17445	118	87	to	to	PART
iiclr-17445	118	88	be	be	AUX
iiclr-17445	118	89	examined	examine	VERB
iiclr-17445	118	90	as	as	SCONJ
iiclr-17445	118	91	japan	japan	PROPN
iiclr-17445	118	92	considers	consider	VERB
iiclr-17445	118	93	introducing	introduce	VERB
iiclr-17445	118	94	a	a	DET
iiclr-17445	118	95	corporate	corporate	ADJ
iiclr-17445	118	96	-	-	PUNCT
iiclr-17445	118	97	type	type	NOUN
iiclr-17445	118	98	investment	investment	NOUN
iiclr-17445	118	99	trust	trust	NOUN
iiclr-17445	118	100	:	:	PUNCT
iiclr-17445	118	101	industry	industry	NOUN
iiclr-17445	118	102	to	to	ADP
iiclr-17445	118	103	date	date	NOUN
iiclr-17445	118	104	.	.	PUNCT
iiclr-17445	119	1	in	in	ADP
iiclr-17445	119	2	japan	japan	PROPN
iiclr-17445	119	3	,	,	PUNCT
iiclr-17445	119	4	just	just	ADV
iiclr-17445	119	5	before	before	ADP
iiclr-17445	119	6	the	the	DET
iiclr-17445	119	7	outbreak	outbreak	NOUN
iiclr-17445	119	8	of	of	ADP
iiclr-17445	119	9	the	the	DET
iiclr-17445	119	10	pacific	pacific	ADJ
iiclr-17445	119	11	war	war	NOUN
iiclr-17445	119	12	in	in	ADP
iiclr-17445	119	13	1941	1941	NUM
iiclr-17445	119	14	,	,	PUNCT
iiclr-17445	119	15	a	a	DET
iiclr-17445	119	16	contract	contract	NOUN
iiclr-17445	119	17	-	-	PUNCT
iiclr-17445	119	18	type	type	NOUN
iiclr-17445	119	19	investment	investment	NOUN
iiclr-17445	119	20	trust	trust	NOUN
iiclr-17445	119	21	came	come	VERB
iiclr-17445	119	22	to	to	PART
iiclr-17445	119	23	exist	exist	VERB
iiclr-17445	119	24	in	in	ADP
iiclr-17445	119	25	the	the	DET
iiclr-17445	119	26	form	form	NOUN
iiclr-17445	119	27	of	of	ADP
iiclr-17445	119	28	a	a	DET
iiclr-17445	119	29	specified	specify	VERB
iiclr-17445	119	30	money	money	NOUN
iiclr-17445	119	31	trust	trust	NOUN
iiclr-17445	119	32	.	.	PUNCT
iiclr-17445	120	1	this	this	PRON
iiclr-17445	120	2	specified	specify	VERB
iiclr-17445	120	3	money	money	NOUN
iiclr-17445	120	4	trust	trust	NOUN
iiclr-17445	120	5	provided	provide	VERB
iiclr-17445	120	6	japan	japan	PROPN
iiclr-17445	120	7	with	with	ADP
iiclr-17445	120	8	experience	experience	NOUN
iiclr-17445	120	9	in	in	ADP
iiclr-17445	120	10	collective	collective	ADJ
iiclr-17445	120	11	securities	security	NOUN
iiclr-17445	120	12	investment	investment	NOUN
iiclr-17445	120	13	.	.	PUNCT
iiclr-17445	121	1	after	after	ADP
iiclr-17445	121	2	the	the	DET
iiclr-17445	121	3	war	war	NOUN
iiclr-17445	121	4	,	,	PUNCT
iiclr-17445	121	5	collective	collective	ADJ
iiclr-17445	121	6	securities	security	NOUN
iiclr-17445	121	7	investment	investment	NOUN
iiclr-17445	121	8	was	be	AUX
iiclr-17445	121	9	considered	consider	VERB
iiclr-17445	121	10	again	again	ADV
iiclr-17445	121	11	and	and	CCONJ
iiclr-17445	121	12	a	a	DET
iiclr-17445	121	13	draft	draft	NOUN
iiclr-17445	121	14	of	of	ADP
iiclr-17445	121	15	a	a	DET
iiclr-17445	121	16	securities	security	NOUN
iiclr-17445	121	17	investment	investment	NOUN
iiclr-17445	121	18	company	company	NOUN
iiclr-17445	121	19	law	law	NOUN
iiclr-17445	121	20	was	be	AUX
iiclr-17445	121	21	prepared	prepare	VERB
iiclr-17445	121	22	.	.	PUNCT
iiclr-17445	122	1	this	this	DET
iiclr-17445	122	2	draft	draft	NOUN
iiclr-17445	122	3	provided	provide	VERB
iiclr-17445	122	4	for	for	ADP
iiclr-17445	122	5	the	the	DET
iiclr-17445	122	6	creation	creation	NOUN
iiclr-17445	122	7	of	of	ADP
iiclr-17445	122	8	corporate	corporate	ADJ
iiclr-17445	122	9	-	-	PUNCT
iiclr-17445	122	10	type	type	NOUN
iiclr-17445	122	11	funds	fund	NOUN
iiclr-17445	122	12	in	in	ADP
iiclr-17445	122	13	japan	japan	PROPN
iiclr-17445	122	14	.	.	PUNCT
iiclr-17445	123	1	in	in	ADP
iiclr-17445	123	2	1948	1948	NUM
iiclr-17445	123	3	,	,	PUNCT
iiclr-17445	123	4	the	the	DET
iiclr-17445	123	5	draft	draft	NOUN
iiclr-17445	123	6	was	be	AUX
iiclr-17445	123	7	abandoned	abandon	VERB
iiclr-17445	123	8	as	as	ADP
iiclr-17445	123	9	"	"	PUNCT
iiclr-17445	123	10	premature	premature	ADJ
iiclr-17445	123	11	"	"	PUNCT
iiclr-17445	123	12	because	because	SCONJ
iiclr-17445	123	13	of	of	ADP
iiclr-17445	123	14	the	the	DET
iiclr-17445	123	15	still	still	ADV
iiclr-17445	123	16	turbulent	turbulent	ADJ
iiclr-17445	123	17	post	post	ADJ
iiclr-17445	123	18	-	-	ADJ
iiclr-17445	123	19	war	war	ADJ
iiclr-17445	123	20	economy	economy	NOUN
iiclr-17445	123	21	,	,	PUNCT
iiclr-17445	123	22	a	a	DET
iiclr-17445	123	23	weak	weak	ADJ
iiclr-17445	123	24	securities	security	NOUN
iiclr-17445	123	25	market	market	NOUN
iiclr-17445	123	26	,	,	PUNCT
iiclr-17445	123	27	and	and	CCONJ
iiclr-17445	123	28	the	the	DET
iiclr-17445	123	29	inexperience	inexperience	NOUN
iiclr-17445	123	30	of	of	ADP
iiclr-17445	123	31	the	the	DET
iiclr-17445	123	32	public	public	NOUN
iiclr-17445	123	33	with	with	ADP
iiclr-17445	123	34	direct	direct	ADJ
iiclr-17445	123	35	securities	security	NOUN
iiclr-17445	123	36	market	market	NOUN
iiclr-17445	123	37	participation	participation	NOUN
iiclr-17445	123	38	.	.	PUNCT
iiclr-17445	124	1	in	in	ADP
iiclr-17445	124	2	its	its	PRON
iiclr-17445	124	3	place	place	NOUN
iiclr-17445	124	4	,	,	PUNCT
iiclr-17445	124	5	the	the	DET
iiclr-17445	124	6	securities	security	NOUN
iiclr-17445	124	7	investment	investment	PROPN
iiclr-17445	124	8	trust	trust	NOUN
iiclr-17445	124	9	law	law	NOUN
iiclr-17445	124	10	was	be	AUX
iiclr-17445	124	11	passed	pass	VERB
iiclr-17445	124	12	in	in	ADP
iiclr-17445	124	13	1951	1951	NUM
iiclr-17445	124	14	as	as	ADP
iiclr-17445	124	15	a	a	DET
iiclr-17445	124	16	form	form	NOUN
iiclr-17445	124	17	of	of	ADP
iiclr-17445	124	18	special	special	ADJ
iiclr-17445	124	19	legislation	legislation	NOUN
iiclr-17445	124	20	which	which	PRON
iiclr-17445	124	21	did	do	AUX
iiclr-17445	124	22	not	not	PART
iiclr-17445	124	23	provide	provide	VERB
iiclr-17445	124	24	for	for	ADP
iiclr-17445	124	25	corporate	corporate	ADJ
iiclr-17445	124	26	-	-	PUNCT
iiclr-17445	124	27	type	type	NOUN
iiclr-17445	124	28	funds	fund	NOUN
iiclr-17445	124	29	.	.	PUNCT
iiclr-17445	125	1	14	14	NUM
iiclr-17445	125	2	.	.	PUNCT
iiclr-17445	126	1	the	the	DET
iiclr-17445	126	2	report	report	NOUN
iiclr-17445	126	3	of	of	ADP
iiclr-17445	126	4	the	the	DET
iiclr-17445	126	5	study	study	NOUN
iiclr-17445	126	6	group	group	NOUN
iiclr-17445	126	7	on	on	ADP
iiclr-17445	126	8	investment	investment	NOUN
iiclr-17445	126	9	trusts	trust	NOUN
iiclr-17445	126	10	of	of	ADP
iiclr-17445	126	11	the	the	DET
iiclr-17445	126	12	ministry	ministry	PROPN
iiclr-17445	126	13	of	of	ADP
iiclr-17445	126	14	finance	finance	PROPN
iiclr-17445	126	15	states	state	NOUN
iiclr-17445	126	16	in	in	ADP
iiclr-17445	126	17	its	its	PRON
iiclr-17445	126	18	discussion	discussion	NOUN
iiclr-17445	126	19	of	of	ADP
iiclr-17445	126	20	corporate	corporate	ADJ
iiclr-17445	126	21	-	-	PUNCT
iiclr-17445	126	22	type	type	NOUN
iiclr-17445	126	23	investment	investment	NOUN
iiclr-17445	126	24	trusts	trust	NOUN
iiclr-17445	126	25	:	:	PUNCT
iiclr-17445	127	1	[	[	X
iiclr-17445	127	2	t]he	t]he	ADV
iiclr-17445	127	3	corporate	corporate	ADJ
iiclr-17445	127	4	-	-	PUNCT
iiclr-17445	127	5	type	type	NOUN
iiclr-17445	127	6	investment	investment	NOUN
iiclr-17445	127	7	trust	trust	NOUN
iiclr-17445	127	8	is	be	AUX
iiclr-17445	127	9	a	a	DET
iiclr-17445	127	10	scheme	scheme	NOUN
iiclr-17445	127	11	of	of	ADP
iiclr-17445	127	12	collective	collective	ADJ
iiclr-17445	127	13	securities	security	NOUN
iiclr-17445	127	14	investment	investment	NOUN
iiclr-17445	127	15	through	through	ADP
iiclr-17445	127	16	a	a	DET
iiclr-17445	127	17	company	company	NOUN
iiclr-17445	127	18	established	establish	VERB
iiclr-17445	127	19	for	for	ADP
iiclr-17445	127	20	that	that	DET
iiclr-17445	127	21	purpose	purpose	NOUN
iiclr-17445	127	22	,	,	PUNCT
iiclr-17445	127	23	selling	sell	VERB
iiclr-17445	127	24	its	its	PRON
iiclr-17445	127	25	shares	share	NOUN
iiclr-17445	127	26	to	to	ADP
iiclr-17445	127	27	the	the	DET
iiclr-17445	127	28	investing	invest	VERB
iiclr-17445	127	29	public	public	NOUN
iiclr-17445	127	30	and	and	CCONJ
iiclr-17445	127	31	distributing	distribute	VERB
iiclr-17445	127	32	asset	asset	NOUN
iiclr-17445	127	33	management	management	NOUN
iiclr-17445	127	34	income	income	NOUN
iiclr-17445	127	35	to	to	ADP
iiclr-17445	127	36	them	they	PRON
iiclr-17445	127	37	in	in	ADP
iiclr-17445	127	38	the	the	DET
iiclr-17445	127	39	form	form	NOUN
iiclr-17445	127	40	of	of	ADP
iiclr-17445	127	41	dividends	dividend	NOUN
iiclr-17445	127	42	.	.	PUNCT
iiclr-17445	128	1	it	it	PRON
iiclr-17445	128	2	features	feature	VERB
iiclr-17445	128	3	no	no	DET
iiclr-17445	128	4	limit	limit	NOUN
iiclr-17445	128	5	on	on	ADP
iiclr-17445	128	6	the	the	DET
iiclr-17445	128	7	management	management	NOUN
iiclr-17445	128	8	period	period	NOUN
iiclr-17445	128	9	and	and	CCONJ
iiclr-17445	128	10	no	no	DET
iiclr-17445	128	11	reduction	reduction	NOUN
iiclr-17445	128	12	in	in	ADP
iiclr-17445	128	13	fund	fund	NOUN
iiclr-17445	128	14	assets	asset	NOUN
iiclr-17445	128	15	,	,	PUNCT
iiclr-17445	128	16	particularly	particularly	ADV
iiclr-17445	128	17	in	in	ADP
iiclr-17445	128	18	the	the	DET
iiclr-17445	128	19	case	case	NOUN
iiclr-17445	128	20	of	of	ADP
iiclr-17445	128	21	closedend	closedend	NOUN
iiclr-17445	128	22	funds	fund	NOUN
iiclr-17445	128	23	.	.	PUNCT
iiclr-17445	129	1	these	these	DET
iiclr-17445	129	2	factors	factor	NOUN
iiclr-17445	129	3	enable	enable	VERB
iiclr-17445	129	4	long	long	ADJ
iiclr-17445	129	5	-	-	PUNCT
iiclr-17445	129	6	term	term	NOUN
iiclr-17445	129	7	stable	stable	ADJ
iiclr-17445	129	8	asset	asset	NOUN
iiclr-17445	129	9	management	management	NOUN
iiclr-17445	129	10	.	.	PUNCT
iiclr-17445	130	1	in	in	ADP
iiclr-17445	130	2	this	this	DET
iiclr-17445	130	3	sense	sense	NOUN
iiclr-17445	130	4	,	,	PUNCT
iiclr-17445	130	5	the	the	DET
iiclr-17445	130	6	corporate	corporate	ADJ
iiclr-17445	130	7	-	-	PUNCT
iiclr-17445	130	8	type	type	NOUN
iiclr-17445	130	9	investment	investment	NOUN
iiclr-17445	130	10	trust	trust	NOUN
iiclr-17445	130	11	differs	differ	VERB
iiclr-17445	130	12	in	in	ADP
iiclr-17445	130	13	its	its	PRON
iiclr-17445	130	14	basic	basic	ADJ
iiclr-17445	130	15	concept	concept	NOUN
iiclr-17445	130	16	from	from	ADP
iiclr-17445	130	17	the	the	DET
iiclr-17445	130	18	current	current	ADJ
iiclr-17445	130	19	investment	investment	NOUN
iiclr-17445	130	20	trust	trust	NOUN
iiclr-17445	130	21	and	and	CCONJ
iiclr-17445	130	22	,	,	PUNCT
iiclr-17445	130	23	thus	thus	ADV
iiclr-17445	130	24	,	,	PUNCT
iiclr-17445	130	25	requires	require	VERB
iiclr-17445	130	26	solution	solution	NOUN
iiclr-17445	130	27	of	of	ADP
iiclr-17445	130	28	many	many	ADJ
iiclr-17445	130	29	problems	problem	NOUN
iiclr-17445	130	30	including	include	VERB
iiclr-17445	130	31	extensive	extensive	ADJ
iiclr-17445	130	32	amendment	amendment	NOUN
iiclr-17445	130	33	of	of	ADP
iiclr-17445	130	34	the	the	DET
iiclr-17445	130	35	relevant	relevant	ADJ
iiclr-17445	130	36	laws	law	NOUN
iiclr-17445	130	37	,	,	PUNCT
iiclr-17445	130	38	if	if	SCONJ
iiclr-17445	130	39	it	it	PRON
iiclr-17445	130	40	is	be	AUX
iiclr-17445	130	41	to	to	PART
iiclr-17445	130	42	be	be	AUX
iiclr-17445	130	43	introduced	introduce	VERB
iiclr-17445	130	44	into	into	ADP
iiclr-17445	130	45	the	the	DET
iiclr-17445	130	46	japanese	japanese	ADJ
iiclr-17445	130	47	market	market	NOUN
iiclr-17445	130	48	.	.	PUNCT
iiclr-17445	131	1	for	for	ADP
iiclr-17445	131	2	this	this	DET
iiclr-17445	131	3	reason	reason	NOUN
iiclr-17445	131	4	,	,	PUNCT
iiclr-17445	131	5	opinions	opinion	NOUN
iiclr-17445	131	6	were	be	AUX
iiclr-17445	131	7	expressed	express	VERB
iiclr-17445	131	8	that	that	SCONJ
iiclr-17445	131	9	its	its	PRON
iiclr-17445	131	10	immediate	immediate	ADJ
iiclr-17445	131	11	introduction	introduction	NOUN
iiclr-17445	131	12	would	would	AUX
iiclr-17445	131	13	not	not	PART
iiclr-17445	131	14	merit	merit	VERB
iiclr-17445	131	15	the	the	DET
iiclr-17445	131	16	heavy	heavy	ADJ
iiclr-17445	131	17	costs	cost	NOUN
iiclr-17445	131	18	envisaged	envisage	VERB
iiclr-17445	131	19	in	in	ADP
iiclr-17445	131	20	the	the	DET
iiclr-17445	131	21	process	process	NOUN
iiclr-17445	131	22	.	.	PUNCT
iiclr-17445	132	1	nonetheless	nonetheless	ADV
iiclr-17445	132	2	,	,	PUNCT
iiclr-17445	132	3	the	the	DET
iiclr-17445	132	4	corporate	corporate	ADJ
iiclr-17445	132	5	-	-	PUNCT
iiclr-17445	132	6	type	type	NOUN
iiclr-17445	132	7	is	be	AUX
iiclr-17445	132	8	the	the	DET
iiclr-17445	132	9	most	most	ADV
iiclr-17445	132	10	popular	popular	ADJ
iiclr-17445	132	11	category	category	NOUN
iiclr-17445	132	12	of	of	ADP
iiclr-17445	132	13	investment	investment	NOUN
iiclr-17445	132	14	trusts	trust	NOUN
iiclr-17445	132	15	.	.	PUNCT
iiclr-17445	133	1	and	and	CCONJ
iiclr-17445	133	2	from	from	ADP
iiclr-17445	133	3	the	the	DET
iiclr-17445	133	4	viewpoint	viewpoint	NOUN
iiclr-17445	133	5	of	of	ADP
iiclr-17445	133	6	promoting	promote	VERB
iiclr-17445	133	7	mutual	mutual	ADJ
iiclr-17445	133	8	crossborder	crossborder	NOUN
iiclr-17445	133	9	marketing	marketing	NOUN
iiclr-17445	133	10	and	and	CCONJ
iiclr-17445	133	11	sale	sale	NOUN
iiclr-17445	133	12	of	of	ADP
iiclr-17445	133	13	investment	investment	NOUN
iiclr-17445	133	14	trusts	trust	NOUN
iiclr-17445	133	15	,	,	PUNCT
iiclr-17445	133	16	corporate	corporate	ADJ
iiclr-17445	133	17	-	-	PUNCT
iiclr-17445	133	18	type	type	NOUN
iiclr-17445	133	19	funds	fund	NOUN
iiclr-17445	133	20	should	should	AUX
iiclr-17445	133	21	be	be	AUX
iiclr-17445	133	22	worthy	worthy	ADJ
iiclr-17445	133	23	of	of	ADP
iiclr-17445	133	24	examination	examination	NOUN
iiclr-17445	133	25	for	for	ADP
iiclr-17445	133	26	possible	possible	ADJ
iiclr-17445	133	27	future	future	ADJ
iiclr-17445	133	28	introduction	introduction	NOUN
iiclr-17445	133	29	.	.	PUNCT
iiclr-17445	134	1	report	report	NOUN
iiclr-17445	134	2	of	of	ADP
iiclr-17445	134	3	the	the	DET
iiclr-17445	134	4	study	study	NOUN
iiclr-17445	134	5	group	group	NOUN
iiclr-17445	134	6	on	on	ADP
iiclr-17445	134	7	investment	investment	NOUN
iiclr-17445	134	8	trusts	trust	NOUN
iiclr-17445	134	9	of	of	ADP
iiclr-17445	134	10	the	the	DET
iiclr-17445	134	11	ministry	ministry	PROPN
iiclr-17445	134	12	of	of	ADP
iiclr-17445	134	13	finance	finance	PROPN
iiclr-17445	134	14	8	8	NUM
iiclr-17445	134	15	(	(	PUNCT
iiclr-17445	134	16	may	may	NOUN
iiclr-17445	134	17	1988	1988	NUM
iiclr-17445	134	18	)	)	PUNCT
iiclr-17445	135	1	[	[	X
iiclr-17445	135	2	hereinafter	hereinafter	NOUN
iiclr-17445	135	3	ministry	ministry	PROPN
iiclr-17445	135	4	of	of	ADP
iiclr-17445	135	5	finance	finance	PROPN
iiclr-17445	135	6	]	]	PUNCT
iiclr-17445	135	7	.	.	PUNCT
iiclr-17445	136	1	[	[	X
iiclr-17445	136	2	vol	vol	NOUN
iiclr-17445	136	3	.	.	PUNCT
iiclr-17445	136	4	2:385	2:385	NUM
iiclr-17445	137	1	japan	japan	PROPN
iiclr-17445	137	2	's	's	PART
iiclr-17445	137	3	investment	investment	NOUN
iiclr-17445	137	4	trust	trust	NOUN
iiclr-17445	137	5	(	(	PUNCT
iiclr-17445	137	6	i	i	NOUN
iiclr-17445	137	7	)	)	PUNCT
iiclr-17445	137	8	with	with	ADP
iiclr-17445	137	9	regards	regard	NOUN
iiclr-17445	137	10	to	to	ADP
iiclr-17445	137	11	open	open	ADJ
iiclr-17445	137	12	-	-	PUNCT
iiclr-17445	137	13	end	end	NOUN
iiclr-17445	137	14	investment	investment	NOUN
iiclr-17445	137	15	companies	company	NOUN
iiclr-17445	137	16	in	in	ADP
iiclr-17445	137	17	the	the	DET
iiclr-17445	137	18	united	united	PROPN
iiclr-17445	137	19	states	states	PROPN
iiclr-17445	137	20	,	,	PUNCT
iiclr-17445	137	21	it	it	PRON
iiclr-17445	137	22	has	have	AUX
iiclr-17445	137	23	long	long	ADV
iiclr-17445	137	24	been	be	AUX
iiclr-17445	137	25	argued	argue	VERB
iiclr-17445	137	26	that	that	SCONJ
iiclr-17445	137	27	voting	vote	VERB
iiclr-17445	137	28	shareholders	shareholder	NOUN
iiclr-17445	137	29	and	and	CCONJ
iiclr-17445	137	30	directors	director	NOUN
iiclr-17445	137	31	are	be	AUX
iiclr-17445	137	32	redundant	redundant	ADJ
iiclr-17445	137	33	and	and	CCONJ
iiclr-17445	137	34	,	,	PUNCT
iiclr-17445	137	35	therefore	therefore	ADV
iiclr-17445	137	36	,	,	PUNCT
iiclr-17445	137	37	will	will	AUX
iiclr-17445	137	38	hinder	hinder	VERB
iiclr-17445	137	39	the	the	DET
iiclr-17445	137	40	competitiveness	competitiveness	NOUN
iiclr-17445	137	41	of	of	ADP
iiclr-17445	137	42	united	united	PROPN
iiclr-17445	137	43	states	states	PROPN
iiclr-17445	137	44	mutual	mutual	ADJ
iiclr-17445	137	45	funds	fund	NOUN
iiclr-17445	137	46	in	in	ADP
iiclr-17445	137	47	the	the	DET
iiclr-17445	137	48	world	world	NOUN
iiclr-17445	137	49	market	market	NOUN
iiclr-17445	137	50	.	.	PUNCT
iiclr-17445	138	1	this	this	DET
iiclr-17445	138	2	argument	argument	NOUN
iiclr-17445	138	3	has	have	AUX
iiclr-17445	138	4	led	lead	VERB
iiclr-17445	138	5	to	to	ADP
iiclr-17445	138	6	the	the	DET
iiclr-17445	138	7	possibility	possibility	NOUN
iiclr-17445	138	8	of	of	ADP
iiclr-17445	138	9	the	the	DET
iiclr-17445	138	10	introduction	introduction	NOUN
iiclr-17445	138	11	of	of	ADP
iiclr-17445	138	12	an	an	DET
iiclr-17445	138	13	alternative	alternative	ADJ
iiclr-17445	138	14	pooled	pool	VERB
iiclr-17445	138	15	vehicle	vehicle	NOUN
iiclr-17445	138	16	called	call	VERB
iiclr-17445	138	17	a	a	DET
iiclr-17445	138	18	unitary	unitary	ADJ
iiclr-17445	138	19	investment	investment	NOUN
iiclr-17445	138	20	fund	fund	NOUN
iiclr-17445	138	21	(	(	PUNCT
iiclr-17445	138	22	uif	uif	PROPN
iiclr-17445	138	23	)	)	PUNCT
iiclr-17445	138	24	.	.	PUNCT
iiclr-17445	139	1	the	the	DET
iiclr-17445	139	2	uif	uif	PROPN
iiclr-17445	139	3	does	do	AUX
iiclr-17445	139	4	not	not	PART
iiclr-17445	139	5	have	have	AUX
iiclr-17445	139	6	either	either	CCONJ
iiclr-17445	139	7	voting	vote	VERB
iiclr-17445	139	8	shareholders	shareholder	NOUN
iiclr-17445	139	9	or	or	CCONJ
iiclr-17445	139	10	a	a	DET
iiclr-17445	139	11	board	board	NOUN
iiclr-17445	139	12	of	of	ADP
iiclr-17445	139	13	directors	director	NOUN
iiclr-17445	139	14	and	and	CCONJ
iiclr-17445	139	15	can	can	AUX
iiclr-17445	139	16	be	be	AUX
iiclr-17445	139	17	described	describe	VERB
iiclr-17445	139	18	as	as	ADP
iiclr-17445	139	19	a	a	DET
iiclr-17445	139	20	contracttype	contracttype	NOUN
iiclr-17445	139	21	investment	investment	NOUN
iiclr-17445	139	22	trust	trust	NOUN
iiclr-17445	139	23	.	.	PUNCT
iiclr-17445	140	1	the	the	DET
iiclr-17445	140	2	united	united	PROPN
iiclr-17445	140	3	states	states	PROPN
iiclr-17445	140	4	securities	securities	PROPN
iiclr-17445	140	5	and	and	CCONJ
iiclr-17445	140	6	exchange	exchange	PROPN
iiclr-17445	140	7	commission	commission	PROPN
iiclr-17445	140	8	(	(	PUNCT
iiclr-17445	140	9	sec	sec	PROPN
iiclr-17445	140	10	)	)	PUNCT
iiclr-17445	140	11	has	have	AUX
iiclr-17445	140	12	described	describe	VERB
iiclr-17445	140	13	the	the	DET
iiclr-17445	140	14	uif	uif	PROPN
iiclr-17445	140	15	in	in	ADP
iiclr-17445	140	16	detail	detail	NOUN
iiclr-17445	140	17	in	in	ADP
iiclr-17445	140	18	its	its	PRON
iiclr-17445	140	19	"	"	PUNCT
iiclr-17445	140	20	request	request	NOUN
iiclr-17445	140	21	for	for	ADP
iiclr-17445	140	22	comments	comment	NOUN
iiclr-17445	140	23	on	on	ADP
iiclr-17445	140	24	the	the	DET
iiclr-17445	140	25	reform	reform	NOUN
iiclr-17445	140	26	of	of	ADP
iiclr-17445	140	27	the	the	DET
iiclr-17445	140	28	regulation	regulation	NOUN
iiclr-17445	140	29	of	of	ADP
iiclr-17445	140	30	investment	investment	NOUN
iiclr-17445	140	31	companies	company	NOUN
iiclr-17445	140	32	.	.	PUNCT
iiclr-17445	141	1	'	'	PUNCT
iiclr-17445	141	2	15	15	NUM
iiclr-17445	141	3	(	(	PUNCT
iiclr-17445	141	4	ii	ii	NOUN
iiclr-17445	141	5	)	)	PUNCT
iiclr-17445	141	6	united	united	PROPN
iiclr-17445	141	7	states	states	PROPN
iiclr-17445	141	8	closed	close	VERB
iiclr-17445	141	9	-	-	PUNCT
iiclr-17445	141	10	end	end	NOUN
iiclr-17445	141	11	investment	investment	NOUN
iiclr-17445	141	12	companies	company	NOUN
iiclr-17445	141	13	have	have	VERB
iiclr-17445	141	14	no	no	DET
iiclr-17445	141	15	limit	limit	NOUN
iiclr-17445	141	16	on	on	ADP
iiclr-17445	141	17	the	the	DET
iiclr-17445	141	18	length	length	NOUN
iiclr-17445	141	19	of	of	ADP
iiclr-17445	141	20	the	the	DET
iiclr-17445	141	21	management	management	NOUN
iiclr-17445	141	22	period	period	NOUN
iiclr-17445	141	23	and	and	CCONJ
iiclr-17445	141	24	allow	allow	VERB
iiclr-17445	141	25	no	no	DET
iiclr-17445	141	26	reduction	reduction	NOUN
iiclr-17445	141	27	in	in	ADP
iiclr-17445	141	28	fund	fund	NOUN
iiclr-17445	141	29	assets	asset	NOUN
iiclr-17445	141	30	.	.	PUNCT
iiclr-17445	142	1	both	both	DET
iiclr-17445	142	2	factors	factor	NOUN
iiclr-17445	142	3	enable	enable	VERB
iiclr-17445	142	4	them	they	PRON
iiclr-17445	142	5	to	to	PART
iiclr-17445	142	6	seek	seek	VERB
iiclr-17445	142	7	long	long	ADJ
iiclr-17445	142	8	-	-	PUNCT
iiclr-17445	142	9	term	term	NOUN
iiclr-17445	142	10	stable	stable	ADJ
iiclr-17445	142	11	asset	asset	NOUN
iiclr-17445	142	12	management	management	NOUN
iiclr-17445	142	13	.	.	PUNCT
iiclr-17445	143	1	at	at	ADP
iiclr-17445	143	2	present	present	ADJ
iiclr-17445	143	3	,	,	PUNCT
iiclr-17445	143	4	some	some	DET
iiclr-17445	143	5	closed	close	VERB
iiclr-17445	143	6	-	-	PUNCT
iiclr-17445	143	7	end	end	NOUN
iiclr-17445	143	8	investment	investment	NOUN
iiclr-17445	143	9	companies	company	NOUN
iiclr-17445	143	10	are	be	AUX
iiclr-17445	143	11	making	make	VERB
iiclr-17445	143	12	periodic	periodic	ADJ
iiclr-17445	143	13	public	public	ADJ
iiclr-17445	143	14	offers	offer	NOUN
iiclr-17445	143	15	for	for	ADP
iiclr-17445	143	16	their	their	PRON
iiclr-17445	143	17	shares	share	NOUN
iiclr-17445	143	18	.	.	PUNCT
iiclr-17445	144	1	there	there	PRON
iiclr-17445	144	2	is	be	VERB
iiclr-17445	144	3	discussion	discussion	NOUN
iiclr-17445	144	4	in	in	ADP
iiclr-17445	144	5	the	the	DET
iiclr-17445	144	6	sec	sec	PROPN
iiclr-17445	144	7	's	's	PART
iiclr-17445	144	8	request	request	NOUN
iiclr-17445	144	9	mentioned	mention	VERB
iiclr-17445	144	10	above	above	ADV
iiclr-17445	144	11	of	of	ADP
iiclr-17445	144	12	allowing	allow	VERB
iiclr-17445	144	13	closed	closed	ADJ
iiclr-17445	144	14	-	-	PUNCT
iiclr-17445	144	15	end	end	NOUN
iiclr-17445	144	16	companies	company	NOUN
iiclr-17445	144	17	to	to	PART
iiclr-17445	144	18	provide	provide	VERB
iiclr-17445	144	19	a	a	DET
iiclr-17445	144	20	redemption	redemption	NOUN
iiclr-17445	144	21	-	-	PUNCT
iiclr-17445	144	22	like	like	ADJ
iiclr-17445	144	23	mechanism	mechanism	NOUN
iiclr-17445	144	24	.	.	PUNCT
iiclr-17445	145	1	16	16	NUM
iiclr-17445	145	2	(	(	PUNCT
iiclr-17445	145	3	iii	iii	NOUN
iiclr-17445	145	4	)	)	PUNCT
iiclr-17445	145	5	in	in	ADP
iiclr-17445	145	6	recent	recent	ADJ
iiclr-17445	145	7	years	year	NOUN
iiclr-17445	145	8	,	,	PUNCT
iiclr-17445	145	9	taxation	taxation	NOUN
iiclr-17445	145	10	on	on	ADP
iiclr-17445	145	11	income	income	NOUN
iiclr-17445	145	12	retained	retain	VERB
iiclr-17445	145	13	at	at	ADP
iiclr-17445	145	14	the	the	DET
iiclr-17445	145	15	qualified	qualified	ADJ
iiclr-17445	145	16	fund	fund	NOUN
iiclr-17445	145	17	level	level	NOUN
iiclr-17445	145	18	under	under	ADP
iiclr-17445	145	19	subchapter	subchapter	NOUN
iiclr-17445	145	20	m	m	NOUN
iiclr-17445	145	21	of	of	ADP
iiclr-17445	145	22	the	the	DET
iiclr-17445	145	23	united	united	PROPN
iiclr-17445	145	24	states	states	PROPN
iiclr-17445	145	25	internal	internal	PROPN
iiclr-17445	145	26	revenue	revenue	NOUN
iiclr-17445	145	27	code	code	NOUN
iiclr-17445	145	28	has	have	AUX
iiclr-17445	145	29	been	be	AUX
iiclr-17445	145	30	strictly	strictly	ADV
iiclr-17445	145	31	reformed	reform	VERB
iiclr-17445	145	32	.	.	PUNCT
iiclr-17445	146	1	under	under	ADP
iiclr-17445	146	2	subchapter	subchapter	NOUN
iiclr-17445	146	3	m	m	NOUN
iiclr-17445	146	4	of	of	ADP
iiclr-17445	146	5	the	the	DET
iiclr-17445	146	6	internal	internal	ADJ
iiclr-17445	146	7	revenue	revenue	NOUN
iiclr-17445	146	8	code	code	NOUN
iiclr-17445	146	9	,	,	PUNCT
iiclr-17445	146	10	[	[	X
iiclr-17445	146	11	q]ualified	q]ualified	ADJ
iiclr-17445	146	12	funds	fund	NOUN
iiclr-17445	146	13	pay	pay	VERB
iiclr-17445	146	14	no	no	DET
iiclr-17445	146	15	federal	federal	ADJ
iiclr-17445	146	16	income	income	NOUN
iiclr-17445	146	17	tax	tax	NOUN
iiclr-17445	146	18	on	on	ADP
iiclr-17445	146	19	their	their	PRON
iiclr-17445	146	20	earnings	earning	NOUN
iiclr-17445	146	21	and	and	CCONJ
iiclr-17445	146	22	capital	capital	NOUN
iiclr-17445	146	23	gains	gain	NOUN
iiclr-17445	146	24	which	which	PRON
iiclr-17445	146	25	are	be	AUX
iiclr-17445	146	26	distributed	distribute	VERB
iiclr-17445	146	27	to	to	ADP
iiclr-17445	146	28	shareholders	shareholder	NOUN
iiclr-17445	146	29	.	.	PUNCT
iiclr-17445	147	1	in	in	ADP
iiclr-17445	147	2	order	order	NOUN
iiclr-17445	147	3	to	to	PART
iiclr-17445	147	4	qualify	qualify	VERB
iiclr-17445	147	5	,	,	PUNCT
iiclr-17445	147	6	a	a	DET
iiclr-17445	147	7	mutual	mutual	ADJ
iiclr-17445	147	8	fund	fund	NOUN
iiclr-17445	147	9	has	have	VERB
iiclr-17445	147	10	to	to	PART
iiclr-17445	147	11	distribute	distribute	VERB
iiclr-17445	147	12	at	at	ADV
iiclr-17445	147	13	least	least	ADV
iiclr-17445	147	14	90	90	NUM
iiclr-17445	147	15	%	%	NOUN
iiclr-17445	147	16	of	of	ADP
iiclr-17445	147	17	its	its	PRON
iiclr-17445	147	18	investment	investment	NOUN
iiclr-17445	147	19	company	company	NOUN
iiclr-17445	147	20	taxable	taxable	ADJ
iiclr-17445	147	21	income	income	NOUN
iiclr-17445	147	22	to	to	ADP
iiclr-17445	147	23	its	its	PRON
iiclr-17445	147	24	shareholders	shareholder	NOUN
iiclr-17445	147	25	each	each	DET
iiclr-17445	147	26	year	year	NOUN
iiclr-17445	147	27	,	,	PUNCT
iiclr-17445	147	28	among	among	ADP
iiclr-17445	147	29	other	other	ADJ
iiclr-17445	147	30	requirements	requirement	NOUN
iiclr-17445	147	31	...	...	PUNCT
iiclr-17445	148	1	[	[	X
iiclr-17445	148	2	however	however	ADV
iiclr-17445	148	3	]	]	X
iiclr-17445	148	4	the	the	DET
iiclr-17445	148	5	tax	tax	NOUN
iiclr-17445	148	6	reform	reform	PROPN
iiclr-17445	148	7	act	act	NOUN
iiclr-17445	148	8	of	of	ADP
iiclr-17445	148	9	1986	1986	NUM
iiclr-17445	148	10	and	and	CCONJ
iiclr-17445	148	11	subsequent	subsequent	ADJ
iiclr-17445	148	12	legislation	legislation	NOUN
iiclr-17445	148	13	require	require	VERB
iiclr-17445	148	14	that	that	SCONJ
iiclr-17445	148	15	a	a	DET
iiclr-17445	148	16	fund	fund	NOUN
iiclr-17445	148	17	distribute	distribute	VERB
iiclr-17445	148	18	97	97	NUM
iiclr-17445	148	19	%	%	NOUN
iiclr-17445	148	20	of	of	ADP
iiclr-17445	148	21	its	its	PRON
iiclr-17445	148	22	income	income	NOUN
iiclr-17445	148	23	from	from	ADP
iiclr-17445	148	24	dividends	dividend	NOUN
iiclr-17445	148	25	and	and	CCONJ
iiclr-17445	148	26	interest	interest	NOUN
iiclr-17445	148	27	,	,	PUNCT
iiclr-17445	148	28	and	and	CCONJ
iiclr-17445	148	29	98	98	NUM
iiclr-17445	148	30	%	%	NOUN
iiclr-17445	148	31	of	of	ADP
iiclr-17445	148	32	its	its	PRON
iiclr-17445	148	33	net	net	NOUN
iiclr-17445	148	34	realized	realize	VERB
iiclr-17445	148	35	capital	capital	NOUN
iiclr-17445	148	36	gains	gain	NOUN
iiclr-17445	148	37	with	with	ADP
iiclr-17445	148	38	respect	respect	NOUN
iiclr-17445	148	39	to	to	ADP
iiclr-17445	148	40	the	the	DET
iiclr-17445	148	41	calendar	calendar	NOUN
iiclr-17445	148	42	year	year	NOUN
iiclr-17445	148	43	in	in	ADP
iiclr-17445	148	44	which	which	PRON
iiclr-17445	148	45	they	they	PRON
iiclr-17445	148	46	are	be	AUX
iiclr-17445	148	47	earned	earn	VERB
iiclr-17445	148	48	or	or	CCONJ
iiclr-17445	148	49	realized	realize	VERB
iiclr-17445	148	50	.	.	PUNCT
iiclr-17445	149	1	the	the	DET
iiclr-17445	149	2	1986	1986	NUM
iiclr-17445	149	3	act	act	NOUN
iiclr-17445	149	4	also	also	ADV
iiclr-17445	149	5	required	require	VERB
iiclr-17445	149	6	shareholders	shareholder	NOUN
iiclr-17445	149	7	to	to	PART
iiclr-17445	149	8	be	be	AUX
iiclr-17445	149	9	taxed	tax	VERB
iiclr-17445	149	10	on	on	ADP
iiclr-17445	149	11	their	their	PRON
iiclr-17445	149	12	share	share	NOUN
iiclr-17445	149	13	of	of	ADP
iiclr-17445	149	14	a	a	DET
iiclr-17445	149	15	fund	fund	NOUN
iiclr-17445	149	16	's	's	PART
iiclr-17445	149	17	gross	gross	ADJ
iiclr-17445	149	18	income	income	NOUN
iiclr-17445	149	19	(	(	PUNCT
iiclr-17445	149	20	income	income	NOUN
iiclr-17445	149	21	before	before	SCONJ
iiclr-17445	149	22	fund	fund	NOUN
iiclr-17445	149	23	expenses	expense	NOUN
iiclr-17445	149	24	are	be	AUX
iiclr-17445	149	25	subtracted	subtract	VERB
iiclr-17445	149	26	)	)	PUNCT
iiclr-17445	149	27	,	,	PUNCT
iiclr-17445	149	28	rather	rather	ADV
iiclr-17445	149	29	than	than	ADP
iiclr-17445	149	30	on	on	ADP
iiclr-17445	149	31	net	net	ADJ
iiclr-17445	149	32	distributions	distribution	NOUN
iiclr-17445	149	33	.	.	PUNCT
iiclr-17445	150	1	this	this	DET
iiclr-17445	150	2	change	change	NOUN
iiclr-17445	150	3	would	would	AUX
iiclr-17445	150	4	have	have	AUX
iiclr-17445	150	5	imposed	impose	VERB
iiclr-17445	150	6	a	a	DET
iiclr-17445	150	7	tax	tax	NOUN
iiclr-17445	150	8	on	on	ADP
iiclr-17445	150	9	the	the	DET
iiclr-17445	150	10	'	'	PUNCT
iiclr-17445	150	11	phantom	phantom	ADJ
iiclr-17445	150	12	income	income	NOUN
iiclr-17445	150	13	'	'	PUNCT
iiclr-17445	150	14	imputed	impute	VERB
iiclr-17445	150	15	to	to	ADP
iiclr-17445	150	16	shareholders	shareholder	NOUN
iiclr-17445	150	17	,	,	PUNCT
iiclr-17445	150	18	that	that	ADV
iiclr-17445	150	19	is	is	ADV
iiclr-17445	150	20	,	,	PUNCT
iiclr-17445	150	21	income	income	NOUN
iiclr-17445	150	22	that	that	PRON
iiclr-17445	150	23	shareholders	shareholder	NOUN
iiclr-17445	150	24	never	never	ADV
iiclr-17445	150	25	received	receive	VERB
iiclr-17445	150	26	but	but	CCONJ
iiclr-17445	150	27	for	for	ADP
iiclr-17445	150	28	which	which	PRON
iiclr-17445	150	29	they	they	PRON
iiclr-17445	150	30	were	be	AUX
iiclr-17445	150	31	held	hold	VERB
iiclr-17445	150	32	accountable	accountable	ADJ
iiclr-17445	150	33	on	on	ADP
iiclr-17445	150	34	their	their	PRON
iiclr-17445	150	35	tax	tax	NOUN
iiclr-17445	150	36	returns	return	NOUN
iiclr-17445	150	37	.	.	PUNCT
iiclr-17445	151	1	15	15	NUM
iiclr-17445	151	2	.	.	X
iiclr-17445	151	3	55	55	NUM
iiclr-17445	151	4	fed	fed	PROPN
iiclr-17445	151	5	.	.	PUNCT
iiclr-17445	152	1	reg	reg	PROPN
iiclr-17445	152	2	.	.	PUNCT
iiclr-17445	153	1	25322	25322	NUM
iiclr-17445	153	2	(	(	PUNCT
iiclr-17445	153	3	1990	1990	NUM
iiclr-17445	153	4	)	)	PUNCT
iiclr-17445	153	5	.	.	PUNCT
iiclr-17445	154	1	16	16	NUM
iiclr-17445	154	2	.	.	PUNCT
iiclr-17445	155	1	i	i	PRON
iiclr-17445	155	2	d.	d.	PROPN
iiclr-17445	155	3	19921	19921	NUM
iiclr-17445	155	4	ind	ind	PROPN
iiclr-17445	155	5	.	.	PUNCT
iiclr-17445	156	1	int'l	int'l	PROPN
iiclr-17445	156	2	&	&	CCONJ
iiclr-17445	156	3	comp	comp	PROPN
iiclr-17445	156	4	.	.	PUNCT
iiclr-17445	157	1	l.	l.	PROPN
iiclr-17445	157	2	rev	rev	PROPN
iiclr-17445	157	3	.	.	PUNCT
iiclr-17445	158	1	however	however	ADV
iiclr-17445	158	2	,	,	PUNCT
iiclr-17445	158	3	this	this	DET
iiclr-17445	158	4	provision	provision	NOUN
iiclr-17445	158	5	was	be	AUX
iiclr-17445	158	6	amended	amend	VERB
iiclr-17445	158	7	in	in	ADP
iiclr-17445	158	8	december	december	PROPN
iiclr-17445	158	9	1989	1989	NUM
iiclr-17445	158	10	,	,	PUNCT
iiclr-17445	158	11	before	before	SCONJ
iiclr-17445	158	12	it	it	PRON
iiclr-17445	158	13	was	be	AUX
iiclr-17445	158	14	ever	ever	ADV
iiclr-17445	158	15	implemented	implement	VERB
iiclr-17445	158	16	,	,	PUNCT
iiclr-17445	158	17	to	to	PART
iiclr-17445	158	18	permanently	permanently	ADV
iiclr-17445	158	19	exempt	exempt	ADJ
iiclr-17445	158	20	almost	almost	ADV
iiclr-17445	158	21	all	all	DET
iiclr-17445	158	22	funds.17	funds.17	PROPN
iiclr-17445	158	23	two	two	NUM
iiclr-17445	158	24	other	other	ADJ
iiclr-17445	158	25	axes	axis	NOUN
iiclr-17445	158	26	upon	upon	SCONJ
iiclr-17445	158	27	which	which	PRON
iiclr-17445	158	28	investment	investment	NOUN
iiclr-17445	158	29	trusts	trust	NOUN
iiclr-17445	158	30	can	can	AUX
iiclr-17445	158	31	be	be	AUX
iiclr-17445	158	32	compared	compare	VERB
iiclr-17445	158	33	are	be	AUX
iiclr-17445	158	34	the	the	DET
iiclr-17445	158	35	scope	scope	NOUN
iiclr-17445	158	36	of	of	ADP
iiclr-17445	158	37	eligible	eligible	ADJ
iiclr-17445	158	38	investments	investment	NOUN
iiclr-17445	158	39	allowed	allow	VERB
iiclr-17445	158	40	and	and	CCONJ
iiclr-17445	158	41	the	the	DET
iiclr-17445	158	42	scope	scope	NOUN
iiclr-17445	158	43	of	of	ADP
iiclr-17445	158	44	information	information	NOUN
iiclr-17445	158	45	disclosure	disclosure	NOUN
iiclr-17445	158	46	required	require	VERB
iiclr-17445	158	47	by	by	ADP
iiclr-17445	158	48	regulatory	regulatory	ADJ
iiclr-17445	158	49	provisions	provision	NOUN
iiclr-17445	158	50	.	.	PUNCT
iiclr-17445	158	51	'	'	PUNCT
iiclr-17445	159	1	8	8	NUM
iiclr-17445	159	2	great	great	ADJ
iiclr-17445	159	3	britain	britain	PROPN
iiclr-17445	159	4	,	,	PUNCT
iiclr-17445	159	5	with	with	ADP
iiclr-17445	159	6	its	its	PRON
iiclr-17445	159	7	many	many	ADJ
iiclr-17445	159	8	decades	decade	NOUN
iiclr-17445	159	9	of	of	ADP
iiclr-17445	159	10	experience	experience	NOUN
iiclr-17445	159	11	with	with	ADP
iiclr-17445	159	12	unit	unit	NOUN
iiclr-17445	159	13	trusts	trust	NOUN
iiclr-17445	159	14	,	,	PUNCT
iiclr-17445	159	15	recently	recently	ADV
iiclr-17445	159	16	enacted	enact	VERB
iiclr-17445	159	17	the	the	DET
iiclr-17445	159	18	financial	financial	ADJ
iiclr-17445	159	19	services	service	NOUN
iiclr-17445	159	20	act	act	NOUN
iiclr-17445	159	21	of	of	ADP
iiclr-17445	159	22	1986	1986	NUM
iiclr-17445	159	23	.	.	PUNCT
iiclr-17445	160	1	this	this	DET
iiclr-17445	160	2	new	new	ADJ
iiclr-17445	160	3	law	law	NOUN
iiclr-17445	160	4	broadens	broaden	VERB
iiclr-17445	160	5	the	the	DET
iiclr-17445	160	6	scope	scope	NOUN
iiclr-17445	160	7	of	of	ADP
iiclr-17445	160	8	eligible	eligible	ADJ
iiclr-17445	160	9	instruments	instrument	NOUN
iiclr-17445	160	10	for	for	ADP
iiclr-17445	160	11	collective	collective	ADJ
iiclr-17445	160	12	securities	security	NOUN
iiclr-17445	160	13	investment	investment	NOUN
iiclr-17445	160	14	schemes	scheme	NOUN
iiclr-17445	160	15	,	,	PUNCT
iiclr-17445	160	16	permitting	permit	VERB
iiclr-17445	160	17	the	the	DET
iiclr-17445	160	18	purchase	purchase	NOUN
iiclr-17445	160	19	of	of	ADP
iiclr-17445	160	20	risky	risky	ADJ
iiclr-17445	160	21	commodity	commodity	NOUN
iiclr-17445	160	22	products	product	NOUN
iiclr-17445	160	23	,	,	PUNCT
iiclr-17445	160	24	real	real	ADJ
iiclr-17445	160	25	estate	estate	NOUN
iiclr-17445	160	26	,	,	PUNCT
iiclr-17445	160	27	futures	future	NOUN
iiclr-17445	160	28	,	,	PUNCT
iiclr-17445	160	29	and	and	CCONJ
iiclr-17445	160	30	options	option	NOUN
iiclr-17445	160	31	in	in	ADP
iiclr-17445	160	32	addition	addition	NOUN
iiclr-17445	160	33	to	to	ADP
iiclr-17445	160	34	conventional	conventional	ADJ
iiclr-17445	160	35	securities	security	NOUN
iiclr-17445	160	36	market	market	NOUN
iiclr-17445	160	37	instruments	instrument	NOUN
iiclr-17445	160	38	.	.	PUNCT
iiclr-17445	161	1	unit	unit	NOUN
iiclr-17445	161	2	trusts	trust	NOUN
iiclr-17445	161	3	are	be	AUX
iiclr-17445	161	4	at	at	ADP
iiclr-17445	161	5	present	present	ADJ
iiclr-17445	161	6	over	over	ADV
iiclr-17445	161	7	-	-	PUNCT
iiclr-17445	161	8	regulated	regulated	ADJ
iiclr-17445	161	9	in	in	ADP
iiclr-17445	161	10	some	some	DET
iiclr-17445	161	11	respects	respect	NOUN
iiclr-17445	161	12	.	.	PUNCT
iiclr-17445	162	1	the	the	DET
iiclr-17445	162	2	reforms	reform	NOUN
iiclr-17445	162	3	set	set	VERB
iiclr-17445	162	4	out	out	ADP
iiclr-17445	162	5	below	below	ADV
iiclr-17445	162	6	are	be	AUX
iiclr-17445	162	7	intended	intend	VERB
iiclr-17445	162	8	to	to	PART
iiclr-17445	162	9	enhance	enhance	VERB
iiclr-17445	162	10	the	the	DET
iiclr-17445	162	11	range	range	NOUN
iiclr-17445	162	12	of	of	ADP
iiclr-17445	162	13	schemes	scheme	NOUN
iiclr-17445	162	14	available	available	ADJ
iiclr-17445	162	15	without	without	ADP
iiclr-17445	162	16	doing	do	VERB
iiclr-17445	162	17	away	away	ADV
iiclr-17445	162	18	with	with	ADP
iiclr-17445	162	19	essential	essential	ADJ
iiclr-17445	162	20	safeguards	safeguard	NOUN
iiclr-17445	162	21	.	.	PUNCT
iiclr-17445	163	1	this	this	PRON
iiclr-17445	163	2	will	will	AUX
iiclr-17445	163	3	also	also	ADV
iiclr-17445	163	4	enable	enable	VERB
iiclr-17445	163	5	arrangements	arrangement	NOUN
iiclr-17445	163	6	of	of	ADP
iiclr-17445	163	7	a	a	DET
iiclr-17445	163	8	more	more	ADV
iiclr-17445	163	9	speculative	speculative	ADJ
iiclr-17445	163	10	character	character	NOUN
iiclr-17445	163	11	to	to	PART
iiclr-17445	163	12	be	be	AUX
iiclr-17445	163	13	offered	offer	VERB
iiclr-17445	163	14	legally	legally	ADV
iiclr-17445	163	15	to	to	ADP
iiclr-17445	163	16	those	those	DET
iiclr-17445	163	17	investors	investor	NOUN
iiclr-17445	163	18	who	who	PRON
iiclr-17445	163	19	have	have	VERB
iiclr-17445	163	20	appropriate	appropriate	ADJ
iiclr-17445	163	21	financial	financial	ADJ
iiclr-17445	163	22	resources	resource	NOUN
iiclr-17445	163	23	and	and	CCONJ
iiclr-17445	163	24	experience	experience	NOUN
iiclr-17445	163	25	.	.	PUNCT
iiclr-17445	163	26	.	.	PUNCT
iiclr-17445	164	1	.with	.with	ADP
iiclr-17445	164	2	a	a	DET
iiclr-17445	164	3	wider	wide	ADJ
iiclr-17445	164	4	variety	variety	NOUN
iiclr-17445	164	5	of	of	ADP
iiclr-17445	164	6	investment	investment	NOUN
iiclr-17445	164	7	opportunities	opportunity	NOUN
iiclr-17445	164	8	on	on	ADP
iiclr-17445	164	9	offer	offer	NOUN
iiclr-17445	164	10	it	it	PRON
iiclr-17445	164	11	will	will	AUX
iiclr-17445	164	12	be	be	AUX
iiclr-17445	164	13	particularly	particularly	ADV
iiclr-17445	164	14	important	important	ADJ
iiclr-17445	164	15	for	for	SCONJ
iiclr-17445	164	16	the	the	DET
iiclr-17445	164	17	potential	potential	ADJ
iiclr-17445	164	18	investor	investor	NOUN
iiclr-17445	164	19	to	to	PART
iiclr-17445	164	20	appreciate	appreciate	VERB
iiclr-17445	164	21	the	the	DET
iiclr-17445	164	22	nature	nature	NOUN
iiclr-17445	164	23	of	of	ADP
iiclr-17445	164	24	the	the	DET
iiclr-17445	164	25	investment	investment	NOUN
iiclr-17445	164	26	which	which	PRON
iiclr-17445	164	27	he	he	PRON
iiclr-17445	164	28	is	be	AUX
iiclr-17445	164	29	being	be	AUX
iiclr-17445	164	30	offered	offer	VERB
iiclr-17445	164	31	and	and	CCONJ
iiclr-17445	164	32	the	the	DET
iiclr-17445	164	33	degree	degree	NOUN
iiclr-17445	164	34	of	of	ADP
iiclr-17445	164	35	risk	risk	NOUN
iiclr-17445	164	36	involved	involve	VERB
iiclr-17445	164	37	.	.	PUNCT
iiclr-17445	165	1	the	the	DET
iiclr-17445	165	2	government	government	NOUN
iiclr-17445	165	3	proposes	propose	VERB
iiclr-17445	165	4	that	that	SCONJ
iiclr-17445	165	5	public	public	ADJ
iiclr-17445	165	6	offers	offer	NOUN
iiclr-17445	165	7	of	of	ADP
iiclr-17445	165	8	unit	unit	NOUN
iiclr-17445	165	9	trusts	trust	NOUN
iiclr-17445	165	10	should	should	AUX
iiclr-17445	165	11	be	be	AUX
iiclr-17445	165	12	made	make	VERB
iiclr-17445	165	13	on	on	ADP
iiclr-17445	165	14	the	the	DET
iiclr-17445	165	15	basis	basis	NOUN
iiclr-17445	165	16	of	of	ADP
iiclr-17445	165	17	a	a	DET
iiclr-17445	165	18	prospectus	prospectus	NOUN
iiclr-17445	165	19	,	,	PUNCT
iiclr-17445	165	20	as	as	SCONJ
iiclr-17445	165	21	are	be	AUX
iiclr-17445	165	22	public	public	ADJ
iiclr-17445	165	23	offers	offer	NOUN
iiclr-17445	165	24	of	of	ADP
iiclr-17445	165	25	shares	share	NOUN
iiclr-17445	165	26	in	in	ADP
iiclr-17445	165	27	a	a	DET
iiclr-17445	165	28	company.19	company.19	NOUN
iiclr-17445	165	29	the	the	DET
iiclr-17445	165	30	investment	investment	NOUN
iiclr-17445	165	31	company	company	NOUN
iiclr-17445	165	32	act	act	NOUN
iiclr-17445	165	33	of	of	ADP
iiclr-17445	165	34	1940	1940	NUM
iiclr-17445	165	35	provides	provide	VERB
iiclr-17445	165	36	the	the	DET
iiclr-17445	165	37	regulatory	regulatory	ADJ
iiclr-17445	165	38	framework	framework	NOUN
iiclr-17445	165	39	in	in	ADP
iiclr-17445	165	40	which	which	PRON
iiclr-17445	165	41	united	united	PROPN
iiclr-17445	165	42	states	states	PROPN
iiclr-17445	165	43	investment	investment	NOUN
iiclr-17445	165	44	companies	company	NOUN
iiclr-17445	165	45	must	must	AUX
iiclr-17445	165	46	operate	operate	VERB
iiclr-17445	165	47	.	.	PUNCT
iiclr-17445	166	1	the	the	DET
iiclr-17445	166	2	act	act	NOUN
iiclr-17445	166	3	allows	allow	VERB
iiclr-17445	166	4	investment	investment	NOUN
iiclr-17445	166	5	companies	company	NOUN
iiclr-17445	166	6	to	to	PART
iiclr-17445	166	7	offer	offer	VERB
iiclr-17445	166	8	investment	investment	NOUN
iiclr-17445	166	9	vehicles	vehicle	NOUN
iiclr-17445	166	10	with	with	ADP
iiclr-17445	166	11	varying	vary	VERB
iiclr-17445	166	12	degrees	degree	NOUN
iiclr-17445	166	13	of	of	ADP
iiclr-17445	166	14	risk	risk	NOUN
iiclr-17445	166	15	,	,	PUNCT
iiclr-17445	166	16	ranging	range	VERB
iiclr-17445	166	17	from	from	ADP
iiclr-17445	166	18	the	the	DET
iiclr-17445	166	19	very	very	ADV
iiclr-17445	166	20	low	low	ADJ
iiclr-17445	166	21	risk	risk	NOUN
iiclr-17445	166	22	money	money	NOUN
iiclr-17445	166	23	market	market	NOUN
iiclr-17445	166	24	funds	fund	NOUN
iiclr-17445	166	25	to	to	ADP
iiclr-17445	166	26	such	such	ADJ
iiclr-17445	166	27	high	high	ADJ
iiclr-17445	166	28	risk	risk	NOUN
iiclr-17445	166	29	ventures	venture	NOUN
iiclr-17445	166	30	as	as	ADP
iiclr-17445	166	31	junk	junk	NOUN
iiclr-17445	166	32	bond	bond	NOUN
iiclr-17445	166	33	funds	fund	NOUN
iiclr-17445	166	34	.	.	PUNCT
iiclr-17445	167	1	investment	investment	NOUN
iiclr-17445	167	2	companies	company	NOUN
iiclr-17445	167	3	are	be	AUX
iiclr-17445	167	4	required	require	VERB
iiclr-17445	167	5	to	to	PART
iiclr-17445	167	6	provide	provide	VERB
iiclr-17445	167	7	fairly	fairly	ADV
iiclr-17445	167	8	detailed	detailed	ADJ
iiclr-17445	167	9	information	information	NOUN
iiclr-17445	167	10	to	to	ADP
iiclr-17445	167	11	the	the	DET
iiclr-17445	167	12	securities	securities	PROPN
iiclr-17445	167	13	and	and	CCONJ
iiclr-17445	167	14	exchange	exchange	PROPN
iiclr-17445	167	15	commission	commission	PROPN
iiclr-17445	167	16	.	.	PUNCT
iiclr-17445	168	1	various	various	ADJ
iiclr-17445	168	2	provisions	provision	NOUN
iiclr-17445	168	3	of	of	ADP
iiclr-17445	168	4	the	the	DET
iiclr-17445	168	5	investment	investment	NOUN
iiclr-17445	168	6	company	company	NOUN
iiclr-17445	168	7	act	act	NOUN
iiclr-17445	168	8	are	be	AUX
iiclr-17445	168	9	designed	design	VERB
iiclr-17445	168	10	to	to	PART
iiclr-17445	168	11	ensure	ensure	VERB
iiclr-17445	168	12	the	the	DET
iiclr-17445	168	13	proper	proper	ADJ
iiclr-17445	168	14	exercise	exercise	NOUN
iiclr-17445	168	15	of	of	ADP
iiclr-17445	168	16	companies	company	NOUN
iiclr-17445	168	17	'	'	PART
iiclr-17445	168	18	fiduciary	fiduciary	ADJ
iiclr-17445	168	19	duties	duty	NOUN
iiclr-17445	168	20	and	and	CCONJ
iiclr-17445	168	21	to	to	PART
iiclr-17445	168	22	detect	detect	VERB
iiclr-17445	168	23	any	any	DET
iiclr-17445	168	24	conflicts	conflict	NOUN
iiclr-17445	168	25	of	of	ADP
iiclr-17445	168	26	interest	interest	NOUN
iiclr-17445	168	27	and	and	CCONJ
iiclr-17445	168	28	self	self	NOUN
iiclr-17445	168	29	-	-	PUNCT
iiclr-17445	168	30	dealing	dealing	NOUN
iiclr-17445	168	31	on	on	ADP
iiclr-17445	168	32	the	the	DET
iiclr-17445	168	33	part	part	NOUN
iiclr-17445	168	34	of	of	ADP
iiclr-17445	168	35	companies	company	NOUN
iiclr-17445	168	36	.	.	PUNCT
iiclr-17445	169	1	the	the	DET
iiclr-17445	169	2	"	"	PUNCT
iiclr-17445	169	3	investment	investment	NOUN
iiclr-17445	169	4	company	company	NOUN
iiclr-17445	169	5	act	act	NOUN
iiclr-17445	169	6	is	be	AUX
iiclr-17445	169	7	the	the	DET
iiclr-17445	169	8	most	most	ADV
iiclr-17445	169	9	complex	complex	NOUN
iiclr-17445	169	10	of	of	ADP
iiclr-17445	169	11	the	the	DET
iiclr-17445	169	12	entire	entire	ADJ
iiclr-17445	169	13	sec	sec	PROPN
iiclr-17445	169	14	series	series	NOUN
iiclr-17445	169	15	'	'	PART
iiclr-17445	169	16	20	20	NUM
iiclr-17445	169	17	of	of	ADP
iiclr-17445	169	18	regulation	regulation	NOUN
iiclr-17445	169	19	.	.	PUNCT
iiclr-17445	170	1	17	17	NUM
iiclr-17445	170	2	.	.	PUNCT
iiclr-17445	171	1	u.s	u.s	PROPN
iiclr-17445	171	2	.	.	PROPN
iiclr-17445	171	3	investment	investment	PROPN
iiclr-17445	171	4	company	company	PROPN
iiclr-17445	171	5	institute	institute	PROPN
iiclr-17445	171	6	,	,	PUNCT
iiclr-17445	171	7	supra	supra	PROPN
iiclr-17445	171	8	note	note	NOUN
iiclr-17445	171	9	2	2	NUM
iiclr-17445	171	10	at	at	ADP
iiclr-17445	171	11	41	41	NUM
iiclr-17445	171	12	-	-	SYM
iiclr-17445	171	13	42	42	NUM
iiclr-17445	171	14	.	.	PUNCT
iiclr-17445	172	1	18	18	NUM
iiclr-17445	172	2	.	.	PUNCT
iiclr-17445	173	1	one	one	NUM
iiclr-17445	173	2	other	other	ADJ
iiclr-17445	173	3	considerable	considerable	ADJ
iiclr-17445	173	4	axis	axis	NOUN
iiclr-17445	173	5	upon	upon	SCONJ
iiclr-17445	173	6	which	which	PRON
iiclr-17445	173	7	investment	investment	NOUN
iiclr-17445	173	8	trusts	trust	NOUN
iiclr-17445	173	9	can	can	AUX
iiclr-17445	173	10	be	be	AUX
iiclr-17445	173	11	compared	compare	VERB
iiclr-17445	173	12	is	be	AUX
iiclr-17445	173	13	the	the	DET
iiclr-17445	173	14	method	method	NOUN
iiclr-17445	173	15	of	of	ADP
iiclr-17445	173	16	taxation	taxation	NOUN
iiclr-17445	173	17	of	of	ADP
iiclr-17445	173	18	investment	investment	NOUN
iiclr-17445	173	19	trusts	trust	NOUN
iiclr-17445	173	20	.	.	PUNCT
iiclr-17445	174	1	this	this	DET
iiclr-17445	174	2	subject	subject	NOUN
iiclr-17445	174	3	will	will	AUX
iiclr-17445	174	4	be	be	AUX
iiclr-17445	174	5	discussed	discuss	VERB
iiclr-17445	174	6	in	in	ADP
iiclr-17445	174	7	a	a	DET
iiclr-17445	174	8	later	later	ADJ
iiclr-17445	174	9	section	section	NOUN
iiclr-17445	174	10	of	of	ADP
iiclr-17445	174	11	this	this	DET
iiclr-17445	174	12	article	article	NOUN
iiclr-17445	174	13	.	.	PUNCT
iiclr-17445	175	1	19	19	NUM
iiclr-17445	175	2	.	.	X
iiclr-17445	175	3	u.k	u.k	PROPN
iiclr-17445	175	4	.	.	PROPN
iiclr-17445	175	5	department	department	PROPN
iiclr-17445	175	6	of	of	ADP
iiclr-17445	175	7	trade	trade	NOUN
iiclr-17445	175	8	and	and	CCONJ
iiclr-17445	175	9	industry	industry	NOUN
iiclr-17445	175	10	,	,	PUNCT
iiclr-17445	175	11	financial	financial	ADJ
iiclr-17445	175	12	services	service	NOUN
iiclr-17445	175	13	in	in	ADP
iiclr-17445	175	14	the	the	DET
iiclr-17445	175	15	united	united	PROPN
iiclr-17445	175	16	kingdom	kingdom	PROPN
iiclr-17445	175	17	a	a	DET
iiclr-17445	175	18	new	new	ADJ
iiclr-17445	175	19	framework	framework	NOUN
iiclr-17445	175	20	for	for	ADP
iiclr-17445	175	21	investor	investor	NOUN
iiclr-17445	175	22	protection	protection	NOUN
iiclr-17445	175	23	,	,	PUNCT
iiclr-17445	175	24	25	25	NUM
iiclr-17445	175	25	(	(	PUNCT
iiclr-17445	175	26	jan	jan	PROPN
iiclr-17445	175	27	.	.	PROPN
iiclr-17445	175	28	1985	1985	NUM
iiclr-17445	175	29	)	)	PUNCT
iiclr-17445	175	30	.	.	PUNCT
iiclr-17445	176	1	20	20	NUM
iiclr-17445	176	2	.	.	X
iiclr-17445	176	3	louis	louis	PROPN
iiclr-17445	176	4	loss	loss	PROPN
iiclr-17445	176	5	&	&	CCONJ
iiclr-17445	176	6	joel	joel	PROPN
iiclr-17445	176	7	seligman	seligman	PROPN
iiclr-17445	176	8	,	,	PUNCT
iiclr-17445	176	9	securities	security	NOUN
iiclr-17445	176	10	regulation	regulation	NOUN
iiclr-17445	176	11	263	263	NUM
iiclr-17445	176	12	-	-	SYM
iiclr-17445	176	13	264	264	NUM
iiclr-17445	176	14	(	(	PUNCT
iiclr-17445	176	15	1989	1989	NUM
iiclr-17445	176	16	)	)	PUNCT
iiclr-17445	176	17	.	.	PUNCT
iiclr-17445	177	1	[	[	X
iiclr-17445	177	2	vol	vol	NOUN
iiclr-17445	177	3	.	.	PUNCT
iiclr-17445	177	4	2:385	2:385	NUM
iiclr-17445	177	5	japan	japan	PROPN
iiclr-17445	177	6	's	's	PART
iiclr-17445	177	7	investment	investment	NOUN
iiclr-17445	177	8	trust	trust	NOUN
iiclr-17445	177	9	in	in	ADP
iiclr-17445	177	10	the	the	DET
iiclr-17445	177	11	ec	ec	PROPN
iiclr-17445	177	12	,	,	PUNCT
iiclr-17445	177	13	the	the	DET
iiclr-17445	177	14	new	new	ADJ
iiclr-17445	177	15	ucits	ucit	NOUN
iiclr-17445	177	16	directive	directive	NOUN
iiclr-17445	177	17	adopts	adopt	VERB
iiclr-17445	177	18	a	a	DET
iiclr-17445	177	19	philosophy	philosophy	NOUN
iiclr-17445	177	20	that	that	PRON
iiclr-17445	177	21	appears	appear	VERB
iiclr-17445	177	22	fairly	fairly	ADV
iiclr-17445	177	23	progressive	progressive	ADJ
iiclr-17445	177	24	and	and	CCONJ
iiclr-17445	177	25	innovative	innovative	ADJ
iiclr-17445	177	26	to	to	ADP
iiclr-17445	177	27	many	many	ADJ
iiclr-17445	177	28	.	.	PUNCT
iiclr-17445	178	1	the	the	DET
iiclr-17445	178	2	ec	ec	PROPN
iiclr-17445	178	3	's	's	PART
iiclr-17445	178	4	directive	directive	NOUN
iiclr-17445	178	5	provides	provide	VERB
iiclr-17445	178	6	for	for	ADP
iiclr-17445	178	7	controls	control	NOUN
iiclr-17445	178	8	on	on	ADP
iiclr-17445	178	9	the	the	DET
iiclr-17445	178	10	legal	legal	ADJ
iiclr-17445	178	11	structure	structure	NOUN
iiclr-17445	178	12	,	,	PUNCT
iiclr-17445	178	13	administration	administration	NOUN
iiclr-17445	178	14	,	,	PUNCT
iiclr-17445	178	15	investment	investment	NOUN
iiclr-17445	178	16	policy	policy	NOUN
iiclr-17445	178	17	,	,	PUNCT
iiclr-17445	178	18	disclosure	disclosure	NOUN
iiclr-17445	178	19	,	,	PUNCT
iiclr-17445	178	20	and	and	CCONJ
iiclr-17445	178	21	marketing	marketing	NOUN
iiclr-17445	178	22	of	of	ADP
iiclr-17445	178	23	investment	investment	NOUN
iiclr-17445	178	24	trusts	trust	NOUN
iiclr-17445	178	25	,	,	PUNCT
iiclr-17445	178	26	so	so	SCONJ
iiclr-17445	178	27	as	as	SCONJ
iiclr-17445	178	28	to	to	PART
iiclr-17445	178	29	protect	protect	VERB
iiclr-17445	178	30	the	the	DET
iiclr-17445	178	31	trusts	trust	NOUN
iiclr-17445	178	32	'	'	PART
iiclr-17445	178	33	participants	participant	NOUN
iiclr-17445	178	34	from	from	ADP
iiclr-17445	178	35	excessively	excessively	ADV
iiclr-17445	178	36	risky	risky	ADJ
iiclr-17445	178	37	investments	investment	NOUN
iiclr-17445	178	38	and	and	CCONJ
iiclr-17445	178	39	imprudent	imprudent	ADJ
iiclr-17445	178	40	management	management	NOUN
iiclr-17445	178	41	.	.	PUNCT
iiclr-17445	179	1	these	these	DET
iiclr-17445	179	2	provisions	provision	NOUN
iiclr-17445	179	3	seem	seem	VERB
iiclr-17445	179	4	to	to	PART
iiclr-17445	179	5	reflect	reflect	VERB
iiclr-17445	179	6	the	the	DET
iiclr-17445	179	7	experience	experience	NOUN
iiclr-17445	179	8	of	of	ADP
iiclr-17445	179	9	the	the	DET
iiclr-17445	179	10	ec	ec	PROPN
iiclr-17445	179	11	's	's	PART
iiclr-17445	179	12	member	member	NOUN
iiclr-17445	179	13	countries	country	NOUN
iiclr-17445	179	14	with	with	ADP
iiclr-17445	179	15	the	the	DET
iiclr-17445	179	16	investment	investment	NOUN
iiclr-17445	179	17	trust	trust	NOUN
iiclr-17445	179	18	and	and	CCONJ
iiclr-17445	179	19	other	other	ADJ
iiclr-17445	179	20	securities	security	NOUN
iiclr-17445	179	21	related	relate	VERB
iiclr-17445	179	22	businesses	business	NOUN
iiclr-17445	179	23	.	.	PUNCT
iiclr-17445	180	1	the	the	DET
iiclr-17445	180	2	japanese	japanese	ADJ
iiclr-17445	180	3	securities	securities	PROPN
iiclr-17445	180	4	investment	investment	PROPN
iiclr-17445	180	5	trust	trust	NOUN
iiclr-17445	180	6	law	law	NOUN
iiclr-17445	180	7	does	do	AUX
iiclr-17445	180	8	not	not	PART
iiclr-17445	180	9	contain	contain	VERB
iiclr-17445	180	10	as	as	ADP
iiclr-17445	180	11	many	many	ADJ
iiclr-17445	180	12	eligible	eligible	ADJ
iiclr-17445	180	13	investments	investment	NOUN
iiclr-17445	180	14	in	in	ADP
iiclr-17445	180	15	comparison	comparison	NOUN
iiclr-17445	180	16	with	with	ADP
iiclr-17445	180	17	the	the	DET
iiclr-17445	180	18	british	british	ADJ
iiclr-17445	180	19	scheme	scheme	NOUN
iiclr-17445	180	20	and	and	CCONJ
iiclr-17445	180	21	does	do	AUX
iiclr-17445	180	22	not	not	PART
iiclr-17445	180	23	contain	contain	VERB
iiclr-17445	180	24	the	the	DET
iiclr-17445	180	25	same	same	ADJ
iiclr-17445	180	26	detailed	detailed	ADJ
iiclr-17445	180	27	disclosure	disclosure	NOUN
iiclr-17445	180	28	requirements	requirement	NOUN
iiclr-17445	180	29	as	as	ADP
iiclr-17445	180	30	the	the	DET
iiclr-17445	180	31	united	united	PROPN
iiclr-17445	180	32	states	states	PROPN
iiclr-17445	180	33	scheme	scheme	NOUN
iiclr-17445	180	34	.	.	PUNCT
iiclr-17445	181	1	however	however	ADV
iiclr-17445	181	2	,	,	PUNCT
iiclr-17445	181	3	the	the	DET
iiclr-17445	181	4	securities	security	NOUN
iiclr-17445	181	5	investment	investment	PROPN
iiclr-17445	181	6	trust	trust	NOUN
iiclr-17445	181	7	law	law	NOUN
iiclr-17445	181	8	does	do	AUX
iiclr-17445	181	9	contain	contain	VERB
iiclr-17445	181	10	many	many	ADJ
iiclr-17445	181	11	regulatory	regulatory	ADJ
iiclr-17445	181	12	provisions	provision	NOUN
iiclr-17445	181	13	designed	design	VERB
iiclr-17445	181	14	to	to	PART
iiclr-17445	181	15	protect	protect	VERB
iiclr-17445	181	16	the	the	DET
iiclr-17445	181	17	investing	investing	NOUN
iiclr-17445	181	18	public	public	NOUN
iiclr-17445	181	19	in	in	ADP
iiclr-17445	181	20	a	a	DET
iiclr-17445	181	21	manner	manner	NOUN
iiclr-17445	181	22	similar	similar	ADJ
iiclr-17445	181	23	to	to	ADP
iiclr-17445	181	24	the	the	DET
iiclr-17445	181	25	ec	ec	PROPN
iiclr-17445	181	26	's	's	PART
iiclr-17445	181	27	scheme	scheme	NOUN
iiclr-17445	181	28	.	.	PUNCT
iiclr-17445	182	1	in	in	ADP
iiclr-17445	182	2	terms	term	NOUN
iiclr-17445	182	3	of	of	ADP
iiclr-17445	182	4	investment	investment	NOUN
iiclr-17445	182	5	scope	scope	NOUN
iiclr-17445	182	6	,	,	PUNCT
iiclr-17445	182	7	japanese	japanese	ADJ
iiclr-17445	182	8	investment	investment	NOUN
iiclr-17445	182	9	trusts	trust	NOUN
iiclr-17445	182	10	are	be	AUX
iiclr-17445	182	11	limited	limit	VERB
iiclr-17445	182	12	to	to	ADP
iiclr-17445	182	13	certain	certain	ADJ
iiclr-17445	182	14	kinds	kind	NOUN
iiclr-17445	182	15	of	of	ADP
iiclr-17445	182	16	securities	security	NOUN
iiclr-17445	182	17	.	.	PUNCT
iiclr-17445	183	1	investment	investment	NOUN
iiclr-17445	183	2	in	in	ADP
iiclr-17445	183	3	short	short	ADJ
iiclr-17445	183	4	-	-	PUNCT
iiclr-17445	183	5	term	term	NOUN
iiclr-17445	183	6	financial	financial	ADJ
iiclr-17445	183	7	products	product	NOUN
iiclr-17445	183	8	such	such	ADJ
iiclr-17445	183	9	as	as	ADP
iiclr-17445	183	10	commercial	commercial	ADJ
iiclr-17445	183	11	paper	paper	NOUN
iiclr-17445	183	12	,	,	PUNCT
iiclr-17445	183	13	certificates	certificate	NOUN
iiclr-17445	183	14	of	of	ADP
iiclr-17445	183	15	deposit	deposit	NOUN
iiclr-17445	183	16	,	,	PUNCT
iiclr-17445	183	17	and	and	CCONJ
iiclr-17445	183	18	call	call	VERB
iiclr-17445	183	19	loans	loan	NOUN
iiclr-17445	183	20	is	be	AUX
iiclr-17445	183	21	allowed	allow	VERB
iiclr-17445	183	22	only	only	ADV
iiclr-17445	183	23	as	as	ADP
iiclr-17445	183	24	a	a	DET
iiclr-17445	183	25	temporary	temporary	ADJ
iiclr-17445	183	26	haven	haven	NOUN
iiclr-17445	183	27	for	for	ADP
iiclr-17445	183	28	their	their	PRON
iiclr-17445	183	29	cash	cash	NOUN
iiclr-17445	183	30	position	position	NOUN
iiclr-17445	183	31	.	.	PUNCT
iiclr-17445	184	1	in	in	ADP
iiclr-17445	184	2	fact	fact	NOUN
iiclr-17445	184	3	,	,	PUNCT
iiclr-17445	184	4	the	the	DET
iiclr-17445	184	5	mainstay	mainstay	NOUN
iiclr-17445	184	6	investment	investment	NOUN
iiclr-17445	184	7	trust	trust	NOUN
iiclr-17445	184	8	is	be	AUX
iiclr-17445	184	9	designed	design	VERB
iiclr-17445	184	10	as	as	ADP
iiclr-17445	184	11	a	a	DET
iiclr-17445	184	12	financial	financial	ADJ
iiclr-17445	184	13	product	product	NOUN
iiclr-17445	184	14	with	with	ADP
iiclr-17445	184	15	low	low	ADJ
iiclr-17445	184	16	risk	risk	NOUN
iiclr-17445	184	17	and	and	CCONJ
iiclr-17445	184	18	strong	strong	ADJ
iiclr-17445	184	19	savings	saving	NOUN
iiclr-17445	184	20	orientation	orientation	NOUN
iiclr-17445	184	21	.	.	PUNCT
iiclr-17445	185	1	in	in	ADP
iiclr-17445	185	2	terms	term	NOUN
iiclr-17445	185	3	of	of	ADP
iiclr-17445	185	4	disclosure	disclosure	NOUN
iiclr-17445	185	5	requirements	requirement	NOUN
iiclr-17445	185	6	,	,	PUNCT
iiclr-17445	185	7	the	the	DET
iiclr-17445	185	8	securities	securities	PROPN
iiclr-17445	185	9	and	and	CCONJ
iiclr-17445	185	10	exchange	exchange	NOUN
iiclr-17445	185	11	law	law	NOUN
iiclr-17445	185	12	states	state	NOUN
iiclr-17445	185	13	in	in	ADP
iiclr-17445	185	14	general	general	ADJ
iiclr-17445	185	15	that	that	SCONJ
iiclr-17445	185	16	no	no	DET
iiclr-17445	185	17	public	public	ADJ
iiclr-17445	185	18	offering	offering	NOUN
iiclr-17445	185	19	of	of	ADP
iiclr-17445	185	20	any	any	DET
iiclr-17445	185	21	security	security	NOUN
iiclr-17445	185	22	may	may	AUX
iiclr-17445	185	23	be	be	AUX
iiclr-17445	185	24	made	make	VERB
iiclr-17445	185	25	unless	unless	SCONJ
iiclr-17445	185	26	the	the	DET
iiclr-17445	185	27	issuer	issuer	NOUN
iiclr-17445	185	28	of	of	ADP
iiclr-17445	185	29	the	the	DET
iiclr-17445	185	30	security	security	NOUN
iiclr-17445	185	31	files	file	VERB
iiclr-17445	185	32	a	a	DET
iiclr-17445	185	33	registration	registration	NOUN
iiclr-17445	185	34	statement	statement	NOUN
iiclr-17445	185	35	with	with	ADP
iiclr-17445	185	36	the	the	DET
iiclr-17445	185	37	ministry	ministry	PROPN
iiclr-17445	185	38	of	of	ADP
iiclr-17445	185	39	finance	finance	NOUN
iiclr-17445	185	40	which	which	PRON
iiclr-17445	185	41	fully	fully	ADV
iiclr-17445	185	42	discloses	disclose	VERB
iiclr-17445	185	43	important	important	ADJ
iiclr-17445	185	44	information	information	NOUN
iiclr-17445	185	45	about	about	ADP
iiclr-17445	185	46	the	the	DET
iiclr-17445	185	47	security	security	NOUN
iiclr-17445	185	48	being	be	AUX
iiclr-17445	185	49	issued	issue	VERB
iiclr-17445	185	50	.	.	PUNCT
iiclr-17445	186	1	no	no	DET
iiclr-17445	186	2	sales	sale	NOUN
iiclr-17445	186	3	of	of	ADP
iiclr-17445	186	4	the	the	DET
iiclr-17445	186	5	security	security	NOUN
iiclr-17445	186	6	are	be	AUX
iiclr-17445	186	7	,	,	PUNCT
iiclr-17445	186	8	in	in	ADP
iiclr-17445	186	9	fact	fact	NOUN
iiclr-17445	186	10	,	,	PUNCT
iiclr-17445	186	11	allowed	allow	VERB
iiclr-17445	186	12	until	until	SCONJ
iiclr-17445	186	13	the	the	DET
iiclr-17445	186	14	registration	registration	NOUN
iiclr-17445	186	15	statement	statement	NOUN
iiclr-17445	186	16	becomes	become	VERB
iiclr-17445	186	17	effective	effective	ADJ
iiclr-17445	186	18	.	.	PUNCT
iiclr-17445	187	1	the	the	DET
iiclr-17445	187	2	provisions	provision	NOUN
iiclr-17445	187	3	of	of	ADP
iiclr-17445	187	4	the	the	DET
iiclr-17445	187	5	securities	security	NOUN
iiclr-17445	187	6	and	and	CCONJ
iiclr-17445	187	7	exchange	exchange	NOUN
iiclr-17445	187	8	law	law	NOUN
iiclr-17445	187	9	do	do	AUX
iiclr-17445	187	10	not	not	PART
iiclr-17445	187	11	,	,	PUNCT
iiclr-17445	187	12	at	at	ADP
iiclr-17445	187	13	present	present	ADJ
iiclr-17445	187	14	,	,	PUNCT
iiclr-17445	187	15	apply	apply	VERB
iiclr-17445	187	16	to	to	ADP
iiclr-17445	187	17	investment	investment	NOUN
iiclr-17445	187	18	trusts.2	trusts.2	PROPN
iiclr-17445	187	19	1	1	NUM
iiclr-17445	187	20	instead	instead	ADV
iiclr-17445	187	21	,	,	PUNCT
iiclr-17445	187	22	the	the	DET
iiclr-17445	187	23	securities	security	NOUN
iiclr-17445	187	24	investment	investment	PROPN
iiclr-17445	187	25	trust	trust	NOUN
iiclr-17445	187	26	law	law	NOUN
iiclr-17445	187	27	stipulates	stipulate	VERB
iiclr-17445	187	28	that	that	SCONJ
iiclr-17445	187	29	the	the	DET
iiclr-17445	187	30	management	management	NOUN
iiclr-17445	187	31	companies	company	NOUN
iiclr-17445	187	32	must	must	AUX
iiclr-17445	187	33	prepare	prepare	VERB
iiclr-17445	187	34	an	an	DET
iiclr-17445	187	35	explanatory	explanatory	ADJ
iiclr-17445	187	36	statement	statement	NOUN
iiclr-17445	187	37	to	to	PART
iiclr-17445	187	38	be	be	AUX
iiclr-17445	187	39	given	give	VERB
iiclr-17445	187	40	out	out	ADP
iiclr-17445	187	41	by	by	ADP
iiclr-17445	187	42	securities	security	NOUN
iiclr-17445	187	43	companies	company	NOUN
iiclr-17445	187	44	to	to	ADP
iiclr-17445	187	45	prospective	prospective	ADJ
iiclr-17445	187	46	certificate	certificate	NOUN
iiclr-17445	187	47	subscribers	subscriber	NOUN
iiclr-17445	187	48	.	.	PUNCT
iiclr-17445	188	1	the	the	DET
iiclr-17445	188	2	companies	company	NOUN
iiclr-17445	188	3	must	must	AUX
iiclr-17445	188	4	also	also	ADV
iiclr-17445	188	5	prepare	prepare	VERB
iiclr-17445	188	6	a	a	DET
iiclr-17445	188	7	financial	financial	ADJ
iiclr-17445	188	8	report	report	NOUN
iiclr-17445	188	9	on	on	ADP
iiclr-17445	188	10	the	the	DET
iiclr-17445	188	11	trust	trust	NOUN
iiclr-17445	188	12	fund	fund	NOUN
iiclr-17445	188	13	to	to	PART
iiclr-17445	188	14	be	be	AUX
iiclr-17445	188	15	given	give	VERB
iiclr-17445	188	16	to	to	ADP
iiclr-17445	188	17	each	each	DET
iiclr-17445	188	18	certificate	certificate	NOUN
iiclr-17445	188	19	holder	holder	NOUN
iiclr-17445	188	20	at	at	ADP
iiclr-17445	188	21	the	the	DET
iiclr-17445	188	22	end	end	NOUN
iiclr-17445	188	23	of	of	ADP
iiclr-17445	188	24	each	each	DET
iiclr-17445	188	25	fiscal	fiscal	ADJ
iiclr-17445	188	26	year	year	NOUN
iiclr-17445	188	27	.	.	PUNCT
iiclr-17445	189	1	in	in	ADP
iiclr-17445	189	2	addition	addition	NOUN
iiclr-17445	189	3	,	,	PUNCT
iiclr-17445	189	4	the	the	DET
iiclr-17445	189	5	securities	security	NOUN
iiclr-17445	189	6	investment	investment	PROPN
iiclr-17445	189	7	trust	trust	NOUN
iiclr-17445	189	8	law	law	NOUN
iiclr-17445	189	9	provides	provide	VERB
iiclr-17445	189	10	for	for	ADP
iiclr-17445	189	11	the	the	DET
iiclr-17445	189	12	self	self	NOUN
iiclr-17445	189	13	-	-	PUNCT
iiclr-17445	189	14	regulation	regulation	NOUN
iiclr-17445	189	15	of	of	ADP
iiclr-17445	189	16	trust	trust	NOUN
iiclr-17445	189	17	structures	structure	NOUN
iiclr-17445	189	18	and	and	CCONJ
iiclr-17445	189	19	management	management	NOUN
iiclr-17445	189	20	companies	company	NOUN
iiclr-17445	189	21	'	'	PART
iiclr-17445	189	22	activities	activity	NOUN
iiclr-17445	189	23	by	by	ADP
iiclr-17445	189	24	the	the	DET
iiclr-17445	189	25	investment	investment	NOUN
iiclr-17445	189	26	trusts	trust	VERB
iiclr-17445	189	27	association	association	PROPN
iiclr-17445	189	28	.	.	PUNCT
iiclr-17445	190	1	the	the	DET
iiclr-17445	190	2	ministry	ministry	PROPN
iiclr-17445	190	3	of	of	ADP
iiclr-17445	190	4	finance	finance	PROPN
iiclr-17445	190	5	plays	play	VERB
iiclr-17445	190	6	an	an	DET
iiclr-17445	190	7	important	important	ADJ
iiclr-17445	190	8	role	role	NOUN
iiclr-17445	190	9	in	in	ADP
iiclr-17445	190	10	protecting	protect	VERB
iiclr-17445	190	11	the	the	DET
iiclr-17445	190	12	interest	interest	NOUN
iiclr-17445	190	13	of	of	ADP
iiclr-17445	190	14	certificate	certificate	NOUN
iiclr-17445	190	15	holders	holder	NOUN
iiclr-17445	190	16	by	by	ADP
iiclr-17445	190	17	requiring	require	VERB
iiclr-17445	190	18	advance	advance	NOUN
iiclr-17445	190	19	approval	approval	NOUN
iiclr-17445	190	20	of	of	ADP
iiclr-17445	190	21	each	each	DET
iiclr-17445	190	22	trust	trust	NOUN
iiclr-17445	190	23	deed	deed	NOUN
iiclr-17445	190	24	which	which	PRON
iiclr-17445	190	25	covers	cover	VERB
iiclr-17445	190	26	all	all	DET
iiclr-17445	190	27	matters	matter	NOUN
iiclr-17445	190	28	related	relate	VERB
iiclr-17445	190	29	to	to	ADP
iiclr-17445	190	30	management	management	NOUN
iiclr-17445	190	31	,	,	PUNCT
iiclr-17445	190	32	sales	sale	NOUN
iiclr-17445	190	33	load	load	NOUN
iiclr-17445	190	34	,	,	PUNCT
iiclr-17445	190	35	21	21	NUM
iiclr-17445	190	36	.	.	PUNCT
iiclr-17445	191	1	ichiro	ichiro	PROPN
iiclr-17445	191	2	kawamoto	kawamoto	PROPN
iiclr-17445	191	3	,	,	PUNCT
iiclr-17445	191	4	supra	supra	PROPN
iiclr-17445	191	5	note	note	PROPN
iiclr-17445	191	6	8	8	NUM
iiclr-17445	191	7	,	,	PUNCT
iiclr-17445	191	8	at	at	ADP
iiclr-17445	191	9	221	221	NUM
iiclr-17445	191	10	.	.	PUNCT
iiclr-17445	191	11	1992	1992	NUM
iiclr-17445	191	12	]	]	PUNCT
iiclr-17445	191	13	ind	ind	NOUN
iiclr-17445	191	14	.	.	PUNCT
iiclr-17445	192	1	int'l	int'l	PROPN
iiclr-17445	192	2	&	&	CCONJ
iiclr-17445	192	3	comp	comp	PROPN
iiclr-17445	192	4	.	.	PUNCT
iiclr-17445	193	1	l.	l.	PROPN
iiclr-17445	193	2	rev	rev	PROPN
iiclr-17445	193	3	.	.	PROPN
iiclr-17445	193	4	redemption	redemption	NOUN
iiclr-17445	193	5	periods	period	NOUN
iiclr-17445	193	6	,	,	PUNCT
iiclr-17445	193	7	and	and	CCONJ
iiclr-17445	193	8	other	other	ADJ
iiclr-17445	193	9	qualities	quality	NOUN
iiclr-17445	193	10	of	of	ADP
iiclr-17445	193	11	newly	newly	ADV
iiclr-17445	193	12	-	-	PUNCT
iiclr-17445	193	13	established	establish	VERB
iiclr-17445	193	14	investment	investment	NOUN
iiclr-17445	193	15	trusts	trust	NOUN
iiclr-17445	193	16	.	.	PUNCT
iiclr-17445	194	1	the	the	DET
iiclr-17445	194	2	description	description	NOUN
iiclr-17445	194	3	should	should	AUX
iiclr-17445	194	4	indicate	indicate	VERB
iiclr-17445	194	5	that	that	SCONJ
iiclr-17445	194	6	the	the	DET
iiclr-17445	194	7	japanese	japanese	ADJ
iiclr-17445	194	8	scheme	scheme	NOUN
iiclr-17445	194	9	with	with	ADP
iiclr-17445	194	10	regard	regard	NOUN
iiclr-17445	194	11	to	to	ADP
iiclr-17445	194	12	disclosure	disclosure	NOUN
iiclr-17445	194	13	policies	policy	NOUN
iiclr-17445	194	14	and	and	CCONJ
iiclr-17445	194	15	investment	investment	NOUN
iiclr-17445	194	16	restrictions	restriction	NOUN
iiclr-17445	194	17	is	be	AUX
iiclr-17445	194	18	uniquely	uniquely	ADV
iiclr-17445	194	19	japanese	japanese	ADJ
iiclr-17445	194	20	in	in	ADP
iiclr-17445	194	21	many	many	ADJ
iiclr-17445	194	22	respects	respect	NOUN
iiclr-17445	194	23	.	.	PUNCT
iiclr-17445	195	1	22	22	NUM
iiclr-17445	195	2	the	the	DET
iiclr-17445	195	3	comparison	comparison	NOUN
iiclr-17445	195	4	of	of	ADP
iiclr-17445	195	5	the	the	DET
iiclr-17445	195	6	scope	scope	NOUN
iiclr-17445	195	7	of	of	ADP
iiclr-17445	195	8	eligible	eligible	ADJ
iiclr-17445	195	9	investments	investment	NOUN
iiclr-17445	195	10	and	and	CCONJ
iiclr-17445	195	11	the	the	DET
iiclr-17445	195	12	scope	scope	NOUN
iiclr-17445	195	13	of	of	ADP
iiclr-17445	195	14	information	information	NOUN
iiclr-17445	195	15	disclosure	disclosure	NOUN
iiclr-17445	195	16	in	in	ADP
iiclr-17445	195	17	various	various	ADJ
iiclr-17445	195	18	countries	country	NOUN
iiclr-17445	195	19	'	'	PART
iiclr-17445	195	20	investment	investment	NOUN
iiclr-17445	195	21	trust	trust	NOUN
iiclr-17445	195	22	systems	system	NOUN
iiclr-17445	195	23	provides	provide	VERB
iiclr-17445	195	24	some	some	DET
iiclr-17445	195	25	insight	insight	NOUN
iiclr-17445	195	26	into	into	ADP
iiclr-17445	195	27	the	the	DET
iiclr-17445	195	28	ways	way	NOUN
iiclr-17445	195	29	in	in	ADP
iiclr-17445	195	30	which	which	PRON
iiclr-17445	195	31	financial	financial	ADJ
iiclr-17445	195	32	order	order	NOUN
iiclr-17445	195	33	is	be	AUX
iiclr-17445	195	34	maintained	maintain	VERB
iiclr-17445	195	35	and	and	CCONJ
iiclr-17445	195	36	viewed	view	VERB
iiclr-17445	195	37	in	in	ADP
iiclr-17445	195	38	countries	country	NOUN
iiclr-17445	195	39	such	such	ADJ
iiclr-17445	195	40	as	as	ADP
iiclr-17445	195	41	the	the	DET
iiclr-17445	195	42	united	united	PROPN
iiclr-17445	195	43	states	states	PROPN
iiclr-17445	195	44	and	and	CCONJ
iiclr-17445	195	45	japan	japan	PROPN
iiclr-17445	195	46	.	.	PUNCT
iiclr-17445	196	1	in	in	ADP
iiclr-17445	196	2	the	the	DET
iiclr-17445	196	3	united	united	PROPN
iiclr-17445	196	4	states	states	PROPN
iiclr-17445	196	5	,	,	PUNCT
iiclr-17445	196	6	judging	judge	VERB
iiclr-17445	196	7	and	and	CCONJ
iiclr-17445	196	8	anticipating	anticipate	VERB
iiclr-17445	196	9	degrees	degree	NOUN
iiclr-17445	196	10	of	of	ADP
iiclr-17445	196	11	risk	risk	NOUN
iiclr-17445	196	12	and	and	CCONJ
iiclr-17445	196	13	volatility	volatility	NOUN
iiclr-17445	196	14	contained	contain	VERB
iiclr-17445	196	15	within	within	ADP
iiclr-17445	196	16	any	any	DET
iiclr-17445	196	17	collective	collective	ADJ
iiclr-17445	196	18	investment	investment	NOUN
iiclr-17445	196	19	scheme	scheme	NOUN
iiclr-17445	196	20	are	be	AUX
iiclr-17445	196	21	the	the	DET
iiclr-17445	196	22	investors	investor	NOUN
iiclr-17445	196	23	'	'	PART
iiclr-17445	196	24	business	business	NOUN
iiclr-17445	196	25	and	and	CCONJ
iiclr-17445	196	26	no	no	DET
iiclr-17445	196	27	one	one	NUM
iiclr-17445	196	28	else	else	ADV
iiclr-17445	196	29	's	's	PART
iiclr-17445	196	30	as	as	ADV
iiclr-17445	196	31	long	long	ADV
iiclr-17445	196	32	as	as	SCONJ
iiclr-17445	196	33	the	the	DET
iiclr-17445	196	34	regulatory	regulatory	ADJ
iiclr-17445	196	35	requirements	requirement	NOUN
iiclr-17445	196	36	prescribed	prescribe	VERB
iiclr-17445	196	37	for	for	ADP
iiclr-17445	196	38	mutual	mutual	ADJ
iiclr-17445	196	39	funds	fund	NOUN
iiclr-17445	196	40	are	be	AUX
iiclr-17445	196	41	fully	fully	ADV
iiclr-17445	196	42	met	meet	VERB
iiclr-17445	196	43	.	.	PUNCT
iiclr-17445	197	1	almost	almost	ADV
iiclr-17445	197	2	every	every	PRON
iiclr-17445	197	3	aspect	aspect	NOUN
iiclr-17445	197	4	of	of	ADP
iiclr-17445	197	5	participation	participation	NOUN
iiclr-17445	197	6	in	in	ADP
iiclr-17445	197	7	a	a	DET
iiclr-17445	197	8	mutual	mutual	ADJ
iiclr-17445	197	9	fund	fund	NOUN
iiclr-17445	197	10	is	be	AUX
iiclr-17445	197	11	left	leave	VERB
iiclr-17445	197	12	to	to	ADP
iiclr-17445	197	13	the	the	DET
iiclr-17445	197	14	judgment	judgment	NOUN
iiclr-17445	197	15	and	and	CCONJ
iiclr-17445	197	16	choice	choice	NOUN
iiclr-17445	197	17	of	of	ADP
iiclr-17445	197	18	investors	investor	NOUN
iiclr-17445	197	19	who	who	PRON
iiclr-17445	197	20	may	may	AUX
iiclr-17445	197	21	have	have	VERB
iiclr-17445	197	22	quite	quite	ADV
iiclr-17445	197	23	different	different	ADJ
iiclr-17445	197	24	backgrounds	background	NOUN
iiclr-17445	197	25	.	.	PUNCT
iiclr-17445	198	1	investors	investor	NOUN
iiclr-17445	198	2	are	be	AUX
iiclr-17445	198	3	solely	solely	ADV
iiclr-17445	198	4	responsible	responsible	ADJ
iiclr-17445	198	5	for	for	ADP
iiclr-17445	198	6	such	such	ADJ
iiclr-17445	198	7	decisions	decision	NOUN
iiclr-17445	198	8	and	and	CCONJ
iiclr-17445	198	9	must	must	AUX
iiclr-17445	198	10	accept	accept	VERB
iiclr-17445	198	11	their	their	PRON
iiclr-17445	198	12	results	result	NOUN
iiclr-17445	198	13	as	as	ADP
iiclr-17445	198	14	a	a	DET
iiclr-17445	198	15	matter	matter	NOUN
iiclr-17445	198	16	of	of	ADP
iiclr-17445	198	17	course	course	NOUN
iiclr-17445	198	18	.	.	PUNCT
iiclr-17445	199	1	as	as	ADP
iiclr-17445	199	2	a	a	DET
iiclr-17445	199	3	logical	logical	ADJ
iiclr-17445	199	4	consequence	consequence	NOUN
iiclr-17445	199	5	,	,	PUNCT
iiclr-17445	199	6	this	this	DET
iiclr-17445	199	7	system	system	NOUN
iiclr-17445	199	8	requires	require	VERB
iiclr-17445	199	9	accurate	accurate	ADJ
iiclr-17445	199	10	and	and	CCONJ
iiclr-17445	199	11	adequate	adequate	ADJ
iiclr-17445	199	12	disclosure	disclosure	NOUN
iiclr-17445	199	13	of	of	ADP
iiclr-17445	199	14	the	the	DET
iiclr-17445	199	15	contents	content	NOUN
iiclr-17445	199	16	of	of	ADP
iiclr-17445	199	17	the	the	DET
iiclr-17445	199	18	products	product	NOUN
iiclr-17445	199	19	which	which	PRON
iiclr-17445	199	20	are	be	AUX
iiclr-17445	199	21	offered	offer	VERB
iiclr-17445	199	22	for	for	ADP
iiclr-17445	199	23	selection	selection	NOUN
iiclr-17445	199	24	to	to	ADP
iiclr-17445	199	25	the	the	DET
iiclr-17445	199	26	investors	investor	NOUN
iiclr-17445	199	27	.	.	PUNCT
iiclr-17445	200	1	any	any	DET
iiclr-17445	200	2	mistake	mistake	NOUN
iiclr-17445	200	3	or	or	CCONJ
iiclr-17445	200	4	fraud	fraud	NOUN
iiclr-17445	200	5	in	in	ADP
iiclr-17445	200	6	the	the	DET
iiclr-17445	200	7	disclosure	disclosure	NOUN
iiclr-17445	200	8	process	process	NOUN
iiclr-17445	200	9	is	be	AUX
iiclr-17445	200	10	to	to	PART
iiclr-17445	200	11	be	be	AUX
iiclr-17445	200	12	prosecuted	prosecute	VERB
iiclr-17445	200	13	and	and	CCONJ
iiclr-17445	200	14	punished	punish	VERB
iiclr-17445	200	15	severely	severely	ADV
iiclr-17445	200	16	.	.	PUNCT
iiclr-17445	201	1	financial	financial	ADJ
iiclr-17445	201	2	order	order	NOUN
iiclr-17445	201	3	of	of	ADP
iiclr-17445	201	4	united	united	PROPN
iiclr-17445	201	5	states	states	PROPN
iiclr-17445	201	6	markets	market	NOUN
iiclr-17445	201	7	is	be	AUX
iiclr-17445	201	8	usually	usually	ADV
iiclr-17445	201	9	described	describe	VERB
iiclr-17445	201	10	as	as	ADP
iiclr-17445	201	11	being	be	AUX
iiclr-17445	201	12	controlled	control	VERB
iiclr-17445	201	13	by	by	ADP
iiclr-17445	201	14	market	market	NOUN
iiclr-17445	201	15	forces	force	NOUN
iiclr-17445	201	16	.	.	PUNCT
iiclr-17445	202	1	these	these	DET
iiclr-17445	202	2	market	market	NOUN
iiclr-17445	202	3	forces	force	NOUN
iiclr-17445	202	4	can	can	AUX
iiclr-17445	202	5	have	have	VERB
iiclr-17445	202	6	a	a	DET
iiclr-17445	202	7	destabilizing	destabilizing	ADJ
iiclr-17445	202	8	effect	effect	NOUN
iiclr-17445	202	9	on	on	ADP
iiclr-17445	202	10	financial	financial	ADJ
iiclr-17445	202	11	order	order	NOUN
iiclr-17445	202	12	even	even	ADV
iiclr-17445	202	13	though	though	SCONJ
iiclr-17445	202	14	investors	investor	NOUN
iiclr-17445	202	15	are	be	AUX
iiclr-17445	202	16	well	well	ADV
iiclr-17445	202	17	aware	aware	ADJ
iiclr-17445	202	18	of	of	ADP
iiclr-17445	202	19	the	the	DET
iiclr-17445	202	20	risks	risk	NOUN
iiclr-17445	202	21	involved	involve	VERB
iiclr-17445	202	22	in	in	ADP
iiclr-17445	202	23	their	their	PRON
iiclr-17445	202	24	investments	investment	NOUN
iiclr-17445	202	25	.	.	PUNCT
iiclr-17445	203	1	22	22	NUM
iiclr-17445	203	2	.	.	PUNCT
iiclr-17445	204	1	in	in	ADP
iiclr-17445	204	2	shihon	shihon	PROPN
iiclr-17445	204	3	shyo	shyo	PROPN
iiclr-17445	204	4	,	,	PUNCT
iiclr-17445	204	5	this	this	DET
iiclr-17445	204	6	author	author	NOUN
iiclr-17445	204	7	describes	describe	VERB
iiclr-17445	204	8	the	the	DET
iiclr-17445	204	9	legal	legal	ADJ
iiclr-17445	204	10	structure	structure	NOUN
iiclr-17445	204	11	of	of	ADP
iiclr-17445	204	12	japanese	japanese	ADJ
iiclr-17445	204	13	investment	investment	NOUN
iiclr-17445	204	14	trusts	trust	NOUN
iiclr-17445	204	15	and	and	CCONJ
iiclr-17445	204	16	compares	compare	VERB
iiclr-17445	204	17	their	their	PRON
iiclr-17445	204	18	governing	govern	VERB
iiclr-17445	204	19	law	law	NOUN
iiclr-17445	204	20	to	to	ADP
iiclr-17445	204	21	those	those	PRON
iiclr-17445	204	22	of	of	ADP
iiclr-17445	204	23	other	other	ADJ
iiclr-17445	204	24	countries	country	NOUN
iiclr-17445	204	25	.	.	PUNCT
iiclr-17445	205	1	the	the	DET
iiclr-17445	205	2	financial	financial	PROPN
iiclr-17445	205	3	services	service	NOUN
iiclr-17445	205	4	act	act	NOUN
iiclr-17445	205	5	of	of	ADP
iiclr-17445	205	6	great	great	ADJ
iiclr-17445	205	7	britain	britain	PROPN
iiclr-17445	205	8	and	and	CCONJ
iiclr-17445	205	9	the	the	DET
iiclr-17445	205	10	ucits	ucit	NOUN
iiclr-17445	205	11	minimum	minimum	NOUN
iiclr-17445	205	12	standards	standard	NOUN
iiclr-17445	205	13	of	of	ADP
iiclr-17445	205	14	the	the	DET
iiclr-17445	205	15	ec	ec	PROPN
iiclr-17445	205	16	first	first	ADJ
iiclr-17445	205	17	grasp	grasp	NOUN
iiclr-17445	205	18	the	the	DET
iiclr-17445	205	19	whole	whole	ADJ
iiclr-17445	205	20	operation	operation	NOUN
iiclr-17445	205	21	of	of	ADP
iiclr-17445	205	22	collective	collective	ADJ
iiclr-17445	205	23	securities	security	NOUN
iiclr-17445	205	24	investment	investment	NOUN
iiclr-17445	205	25	as	as	ADP
iiclr-17445	205	26	a	a	DET
iiclr-17445	205	27	plan	plan	NOUN
iiclr-17445	205	28	or	or	CCONJ
iiclr-17445	205	29	an	an	DET
iiclr-17445	205	30	undertaking	undertaking	NOUN
iiclr-17445	205	31	and	and	CCONJ
iiclr-17445	205	32	then	then	ADV
iiclr-17445	205	33	proceed	proceed	VERB
iiclr-17445	205	34	to	to	PART
iiclr-17445	205	35	systematically	systematically	ADV
iiclr-17445	205	36	establish	establish	VERB
iiclr-17445	205	37	legal	legal	ADJ
iiclr-17445	205	38	relations	relation	NOUN
iiclr-17445	205	39	among	among	ADP
iiclr-17445	205	40	the	the	DET
iiclr-17445	205	41	instruments	instrument	NOUN
iiclr-17445	205	42	of	of	ADP
iiclr-17445	205	43	investment	investment	NOUN
iiclr-17445	205	44	,	,	PUNCT
iiclr-17445	205	45	the	the	DET
iiclr-17445	205	46	management	management	NOUN
iiclr-17445	205	47	company	company	NOUN
iiclr-17445	205	48	,	,	PUNCT
iiclr-17445	205	49	the	the	DET
iiclr-17445	205	50	trustee	trustee	NOUN
iiclr-17445	205	51	,	,	PUNCT
iiclr-17445	205	52	and	and	CCONJ
iiclr-17445	205	53	the	the	DET
iiclr-17445	205	54	investors	investor	NOUN
iiclr-17445	205	55	.	.	PUNCT
iiclr-17445	206	1	within	within	ADP
iiclr-17445	206	2	this	this	DET
iiclr-17445	206	3	basic	basic	ADJ
iiclr-17445	206	4	framework	framework	NOUN
iiclr-17445	206	5	,	,	PUNCT
iiclr-17445	206	6	they	they	PRON
iiclr-17445	206	7	offer	offer	VERB
iiclr-17445	206	8	a	a	DET
iiclr-17445	206	9	number	number	NOUN
iiclr-17445	206	10	of	of	ADP
iiclr-17445	206	11	different	different	ADJ
iiclr-17445	206	12	schemes	scheme	NOUN
iiclr-17445	206	13	such	such	ADJ
iiclr-17445	206	14	as	as	ADP
iiclr-17445	206	15	trust	trust	NOUN
iiclr-17445	206	16	contract	contract	NOUN
iiclr-17445	206	17	-	-	PUNCT
iiclr-17445	206	18	type	type	NOUN
iiclr-17445	206	19	and	and	CCONJ
iiclr-17445	206	20	company	company	NOUN
iiclr-17445	206	21	-	-	PUNCT
iiclr-17445	206	22	type	type	NOUN
iiclr-17445	206	23	to	to	PART
iiclr-17445	206	24	accommodate	accommodate	VERB
iiclr-17445	206	25	investors	investor	NOUN
iiclr-17445	206	26	'	'	PART
iiclr-17445	206	27	diverse	diverse	ADJ
iiclr-17445	206	28	needs	need	NOUN
iiclr-17445	206	29	.	.	PUNCT
iiclr-17445	207	1	they	they	PRON
iiclr-17445	207	2	also	also	ADV
iiclr-17445	207	3	clearly	clearly	ADV
iiclr-17445	207	4	establish	establish	VERB
iiclr-17445	207	5	rights	right	NOUN
iiclr-17445	207	6	and	and	CCONJ
iiclr-17445	207	7	obligations	obligation	NOUN
iiclr-17445	207	8	between	between	ADP
iiclr-17445	207	9	the	the	DET
iiclr-17445	207	10	management	management	NOUN
iiclr-17445	207	11	company	company	NOUN
iiclr-17445	207	12	and	and	CCONJ
iiclr-17445	207	13	investors	investor	NOUN
iiclr-17445	207	14	as	as	ADP
iiclr-17445	207	15	the	the	DET
iiclr-17445	207	16	key	key	ADJ
iiclr-17445	207	17	components	component	NOUN
iiclr-17445	207	18	of	of	ADP
iiclr-17445	207	19	this	this	DET
iiclr-17445	207	20	type	type	NOUN
iiclr-17445	207	21	of	of	ADP
iiclr-17445	207	22	investment	investment	NOUN
iiclr-17445	207	23	relationship	relationship	NOUN
iiclr-17445	207	24	.	.	PUNCT
iiclr-17445	208	1	it	it	PRON
iiclr-17445	208	2	is	be	AUX
iiclr-17445	208	3	often	often	ADV
iiclr-17445	208	4	pointed	point	VERB
iiclr-17445	208	5	out	out	ADP
iiclr-17445	208	6	,	,	PUNCT
iiclr-17445	208	7	by	by	ADP
iiclr-17445	208	8	contrast	contrast	NOUN
iiclr-17445	208	9	,	,	PUNCT
iiclr-17445	208	10	that	that	SCONJ
iiclr-17445	208	11	the	the	DET
iiclr-17445	208	12	japanese	japanese	ADJ
iiclr-17445	208	13	legal	legal	ADJ
iiclr-17445	208	14	system	system	NOUN
iiclr-17445	208	15	for	for	ADP
iiclr-17445	208	16	collective	collective	ADJ
iiclr-17445	208	17	securities	security	NOUN
iiclr-17445	208	18	investment	investment	NOUN
iiclr-17445	208	19	covers	cover	VERB
iiclr-17445	208	20	a	a	DET
iiclr-17445	208	21	narrower	narrow	ADJ
iiclr-17445	208	22	range	range	NOUN
iiclr-17445	208	23	of	of	ADP
iiclr-17445	208	24	issues	issue	NOUN
iiclr-17445	208	25	,	,	PUNCT
iiclr-17445	208	26	does	do	AUX
iiclr-17445	208	27	not	not	PART
iiclr-17445	208	28	provide	provide	VERB
iiclr-17445	208	29	for	for	ADP
iiclr-17445	208	30	the	the	DET
iiclr-17445	208	31	investors	investor	NOUN
iiclr-17445	208	32	'	'	PART
iiclr-17445	208	33	legal	legal	ADJ
iiclr-17445	208	34	position	position	NOUN
iiclr-17445	208	35	in	in	ADP
iiclr-17445	208	36	an	an	DET
iiclr-17445	208	37	explicit	explicit	ADJ
iiclr-17445	208	38	manner	manner	NOUN
iiclr-17445	208	39	(	(	PUNCT
iiclr-17445	208	40	vis	vis	X
iiclr-17445	208	41	-	-	PUNCT
iiclr-17445	208	42	a	a	PRON
iiclr-17445	208	43	-	-	PUNCT
iiclr-17445	208	44	vis	vis	X
iiclr-17445	208	45	management	management	NOUN
iiclr-17445	208	46	companies	company	NOUN
iiclr-17445	208	47	in	in	ADP
iiclr-17445	208	48	particular	particular	ADJ
iiclr-17445	208	49	)	)	PUNCT
iiclr-17445	208	50	,	,	PUNCT
iiclr-17445	208	51	and	and	CCONJ
iiclr-17445	208	52	needs	need	VERB
iiclr-17445	208	53	expansion	expansion	NOUN
iiclr-17445	208	54	in	in	ADP
iiclr-17445	208	55	its	its	PRON
iiclr-17445	208	56	systemic	systemic	ADJ
iiclr-17445	208	57	approach	approach	NOUN
iiclr-17445	208	58	to	to	ADP
iiclr-17445	208	59	legal	legal	ADJ
iiclr-17445	208	60	relations	relation	NOUN
iiclr-17445	208	61	within	within	ADP
iiclr-17445	208	62	this	this	DET
iiclr-17445	208	63	type	type	NOUN
iiclr-17445	208	64	of	of	ADP
iiclr-17445	208	65	joint	joint	ADJ
iiclr-17445	208	66	trust	trust	NOUN
iiclr-17445	208	67	which	which	PRON
iiclr-17445	208	68	often	often	ADV
iiclr-17445	208	69	transcends	transcend	VERB
iiclr-17445	208	70	the	the	DET
iiclr-17445	208	71	bounds	bound	NOUN
iiclr-17445	208	72	of	of	ADP
iiclr-17445	208	73	the	the	DET
iiclr-17445	208	74	legal	legal	ADJ
iiclr-17445	208	75	concepts	concept	NOUN
iiclr-17445	208	76	and	and	CCONJ
iiclr-17445	208	77	theories	theory	NOUN
iiclr-17445	208	78	behind	behind	ADP
iiclr-17445	208	79	the	the	DET
iiclr-17445	208	80	unitary	unitary	ADJ
iiclr-17445	208	81	trust	trust	NOUN
iiclr-17445	208	82	.	.	PUNCT
iiclr-17445	209	1	see	see	VERB
iiclr-17445	209	2	japanese	japanese	ADJ
iiclr-17445	209	3	securities	security	NOUN
iiclr-17445	209	4	regulation	regulation	NOUN
iiclr-17445	209	5	(	(	PUNCT
iiclr-17445	209	6	1983	1983	NUM
iiclr-17445	209	7	)	)	PUNCT
iiclr-17445	209	8	;	;	PUNCT
iiclr-17445	209	9	shojihomu	shojihomu	VERB
iiclr-17445	209	10	kenkyukai	kenkyukai	PROPN
iiclr-17445	209	11	,	,	PUNCT
iiclr-17445	209	12	amerika	amerika	PROPN
iiclr-17445	209	13	to	to	ADP
iiclr-17445	209	14	nihon	nihon	PROPN
iiclr-17445	209	15	no	no	DET
iiclr-17445	209	16	shoken	shoken	ADJ
iiclr-17445	209	17	torihikiho	torihikiho	NOUN
iiclr-17445	209	18	,	,	PUNCT
iiclr-17445	209	19	vols	vol	NOUN
iiclr-17445	209	20	.	.	PUNCT
iiclr-17445	210	1	1	1	NUM
iiclr-17445	210	2	-	-	SYM
iiclr-17445	210	3	2	2	NUM
iiclr-17445	210	4	(	(	PUNCT
iiclr-17445	210	5	1975	1975	NUM
iiclr-17445	210	6	)	)	PUNCT
iiclr-17445	210	7	(	(	PUNCT
iiclr-17445	210	8	for	for	ADP
iiclr-17445	210	9	a	a	DET
iiclr-17445	210	10	comparison	comparison	NOUN
iiclr-17445	210	11	of	of	ADP
iiclr-17445	210	12	securities	security	NOUN
iiclr-17445	210	13	exchange	exchange	NOUN
iiclr-17445	210	14	laws	law	NOUN
iiclr-17445	210	15	and	and	CCONJ
iiclr-17445	210	16	investment	investment	NOUN
iiclr-17445	210	17	trust	trust	NOUN
iiclr-17445	210	18	legislation	legislation	NOUN
iiclr-17445	210	19	between	between	ADP
iiclr-17445	210	20	the	the	DET
iiclr-17445	210	21	u.s	u.s	PROPN
iiclr-17445	210	22	.	.	PROPN
iiclr-17445	210	23	and	and	CCONJ
iiclr-17445	210	24	japan	japan	PROPN
iiclr-17445	210	25	)	)	PUNCT
iiclr-17445	210	26	.	.	PUNCT
iiclr-17445	211	1	[	[	X
iiclr-17445	211	2	vol	vol	NOUN
iiclr-17445	211	3	.	.	PUNCT
iiclr-17445	211	4	2:385	2:385	NUM
iiclr-17445	211	5	japan	japan	PROPN
iiclr-17445	211	6	's	's	PART
iiclr-17445	211	7	investment	investment	PROPN
iiclr-17445	211	8	trust	trust	PROPN
iiclr-17445	211	9	japan	japan	PROPN
iiclr-17445	211	10	has	have	AUX
iiclr-17445	211	11	created	create	VERB
iiclr-17445	211	12	an	an	DET
iiclr-17445	211	13	economic	economic	ADJ
iiclr-17445	211	14	system	system	NOUN
iiclr-17445	211	15	that	that	PRON
iiclr-17445	211	16	places	place	VERB
iiclr-17445	211	17	great	great	ADJ
iiclr-17445	211	18	emphasis	emphasis	NOUN
iiclr-17445	211	19	on	on	ADP
iiclr-17445	211	20	the	the	DET
iiclr-17445	211	21	control	control	NOUN
iiclr-17445	211	22	over	over	ADP
iiclr-17445	211	23	financial	financial	ADJ
iiclr-17445	211	24	order	order	NOUN
iiclr-17445	211	25	.	.	PUNCT
iiclr-17445	212	1	the	the	DET
iiclr-17445	212	2	structure	structure	NOUN
iiclr-17445	212	3	and	and	CCONJ
iiclr-17445	212	4	rules	rule	NOUN
iiclr-17445	212	5	of	of	ADP
iiclr-17445	212	6	the	the	DET
iiclr-17445	212	7	japanese	japanese	ADJ
iiclr-17445	212	8	financial	financial	ADJ
iiclr-17445	212	9	and	and	CCONJ
iiclr-17445	212	10	capital	capital	NOUN
iiclr-17445	212	11	markets	market	NOUN
iiclr-17445	212	12	and	and	CCONJ
iiclr-17445	212	13	the	the	DET
iiclr-17445	212	14	relative	relative	ADJ
iiclr-17445	212	15	credit	credit	NOUN
iiclr-17445	212	16	system	system	NOUN
iiclr-17445	212	17	are	be	AUX
iiclr-17445	212	18	carefully	carefully	ADV
iiclr-17445	212	19	designed	design	VERB
iiclr-17445	212	20	with	with	ADP
iiclr-17445	212	21	an	an	DET
iiclr-17445	212	22	eye	eye	NOUN
iiclr-17445	212	23	towards	towards	ADP
iiclr-17445	212	24	preventing	prevent	VERB
iiclr-17445	212	25	company	company	NOUN
iiclr-17445	212	26	failures	failure	NOUN
iiclr-17445	212	27	and	and	CCONJ
iiclr-17445	212	28	extreme	extreme	ADJ
iiclr-17445	212	29	volatility	volatility	NOUN
iiclr-17445	212	30	as	as	ADP
iiclr-17445	212	31	one	one	NUM
iiclr-17445	212	32	of	of	ADP
iiclr-17445	212	33	their	their	PRON
iiclr-17445	212	34	top	top	ADJ
iiclr-17445	212	35	priorities	priority	NOUN
iiclr-17445	212	36	.	.	PUNCT
iiclr-17445	213	1	the	the	DET
iiclr-17445	213	2	investment	investment	NOUN
iiclr-17445	213	3	trust	trust	NOUN
iiclr-17445	213	4	constitutes	constitute	VERB
iiclr-17445	213	5	one	one	NUM
iiclr-17445	213	6	of	of	ADP
iiclr-17445	213	7	the	the	DET
iiclr-17445	213	8	links	link	NOUN
iiclr-17445	213	9	in	in	ADP
iiclr-17445	213	10	the	the	DET
iiclr-17445	213	11	chain	chain	NOUN
iiclr-17445	213	12	of	of	ADP
iiclr-17445	213	13	this	this	DET
iiclr-17445	213	14	financial	financial	ADJ
iiclr-17445	213	15	system	system	NOUN
iiclr-17445	213	16	.	.	PUNCT
iiclr-17445	214	1	it	it	PRON
iiclr-17445	214	2	is	be	AUX
iiclr-17445	214	3	guarded	guard	VERB
iiclr-17445	214	4	by	by	ADP
iiclr-17445	214	5	preventive	preventive	ADJ
iiclr-17445	214	6	and	and	CCONJ
iiclr-17445	214	7	reparative	reparative	ADJ
iiclr-17445	214	8	safety	safety	NOUN
iiclr-17445	214	9	-	-	PUNCT
iiclr-17445	214	10	net	net	NOUN
iiclr-17445	214	11	devices	device	NOUN
iiclr-17445	214	12	which	which	PRON
iiclr-17445	214	13	include	include	VERB
iiclr-17445	214	14	licensing	licensing	NOUN
iiclr-17445	214	15	,	,	PUNCT
iiclr-17445	214	16	capital	capital	NOUN
iiclr-17445	214	17	adequacy	adequacy	NOUN
iiclr-17445	214	18	standards	standard	NOUN
iiclr-17445	214	19	,	,	PUNCT
iiclr-17445	214	20	line	line	NOUN
iiclr-17445	214	21	of	of	ADP
iiclr-17445	214	22	business	business	NOUN
iiclr-17445	214	23	control	control	NOUN
iiclr-17445	214	24	,	,	PUNCT
iiclr-17445	214	25	execution	execution	NOUN
iiclr-17445	214	26	of	of	ADP
iiclr-17445	214	27	audits	audits	NOUN
iiclr-17445	214	28	by	by	ADP
iiclr-17445	214	29	the	the	DET
iiclr-17445	214	30	ministry	ministry	PROPN
iiclr-17445	214	31	of	of	ADP
iiclr-17445	214	32	finance	finance	PROPN
iiclr-17445	214	33	,	,	PUNCT
iiclr-17445	214	34	and	and	CCONJ
iiclr-17445	214	35	the	the	DET
iiclr-17445	214	36	unprecedented	unprecedented	ADJ
iiclr-17445	214	37	lender	lender	NOUN
iiclr-17445	214	38	of	of	ADP
iiclr-17445	214	39	the	the	DET
iiclr-17445	214	40	last	last	ADJ
iiclr-17445	214	41	resort	resort	NOUN
iiclr-17445	214	42	facility	facility	NOUN
iiclr-17445	214	43	provided	provide	VERB
iiclr-17445	214	44	by	by	ADP
iiclr-17445	214	45	the	the	DET
iiclr-17445	214	46	bank	bank	PROPN
iiclr-17445	214	47	of	of	ADP
iiclr-17445	214	48	japan	japan	PROPN
iiclr-17445	214	49	during	during	ADP
iiclr-17445	214	50	the	the	DET
iiclr-17445	214	51	securities	security	NOUN
iiclr-17445	214	52	market	market	NOUN
iiclr-17445	214	53	collapse	collapse	NOUN
iiclr-17445	214	54	of	of	ADP
iiclr-17445	214	55	1965	1965	NUM
iiclr-17445	214	56	.	.	PUNCT
iiclr-17445	215	1	a	a	DET
iiclr-17445	215	2	difference	difference	NOUN
iiclr-17445	215	3	in	in	ADP
iiclr-17445	215	4	the	the	DET
iiclr-17445	215	5	approaches	approach	NOUN
iiclr-17445	215	6	of	of	ADP
iiclr-17445	215	7	japan	japan	PROPN
iiclr-17445	215	8	and	and	CCONJ
iiclr-17445	215	9	the	the	DET
iiclr-17445	215	10	united	united	PROPN
iiclr-17445	215	11	states	states	PROPN
iiclr-17445	215	12	in	in	ADP
iiclr-17445	215	13	maintaining	maintain	VERB
iiclr-17445	215	14	financial	financial	ADJ
iiclr-17445	215	15	order	order	NOUN
iiclr-17445	215	16	can	can	AUX
iiclr-17445	215	17	also	also	ADV
iiclr-17445	215	18	be	be	AUX
iiclr-17445	215	19	observed	observe	VERB
iiclr-17445	215	20	through	through	ADP
iiclr-17445	215	21	the	the	DET
iiclr-17445	215	22	number	number	NOUN
iiclr-17445	215	23	of	of	ADP
iiclr-17445	215	24	investment	investment	NOUN
iiclr-17445	215	25	trust	trust	NOUN
iiclr-17445	215	26	sponsors	sponsor	NOUN
iiclr-17445	215	27	operating	operate	VERB
iiclr-17445	215	28	in	in	ADP
iiclr-17445	215	29	each	each	DET
iiclr-17445	215	30	country	country	NOUN
iiclr-17445	215	31	.	.	PUNCT
iiclr-17445	216	1	in	in	ADP
iiclr-17445	216	2	the	the	DET
iiclr-17445	216	3	united	united	PROPN
iiclr-17445	216	4	states	states	PROPN
iiclr-17445	216	5	,	,	PUNCT
iiclr-17445	216	6	roughly	roughly	ADV
iiclr-17445	216	7	300	300	NUM
iiclr-17445	216	8	investment	investment	NOUN
iiclr-17445	216	9	trust	trust	NOUN
iiclr-17445	216	10	sponsors	sponsor	NOUN
iiclr-17445	216	11	were	be	AUX
iiclr-17445	216	12	in	in	ADP
iiclr-17445	216	13	operation	operation	NOUN
iiclr-17445	216	14	as	as	ADP
iiclr-17445	216	15	of	of	ADP
iiclr-17445	216	16	september	september	PROPN
iiclr-17445	216	17	,	,	PUNCT
iiclr-17445	216	18	1988	1988	NUM
iiclr-17445	216	19	,	,	PUNCT
iiclr-17445	216	20	with	with	ADP
iiclr-17445	216	21	this	this	DET
iiclr-17445	216	22	number	number	NOUN
iiclr-17445	216	23	not	not	PART
iiclr-17445	216	24	restricted	restrict	VERB
iiclr-17445	216	25	by	by	ADP
iiclr-17445	216	26	any	any	DET
iiclr-17445	216	27	regulatory	regulatory	ADJ
iiclr-17445	216	28	provision	provision	NOUN
iiclr-17445	216	29	.	.	PUNCT
iiclr-17445	217	1	this	this	DET
iiclr-17445	217	2	latter	latter	ADJ
iiclr-17445	217	3	fact	fact	NOUN
iiclr-17445	217	4	is	be	AUX
iiclr-17445	217	5	consistent	consistent	ADJ
iiclr-17445	217	6	with	with	ADP
iiclr-17445	217	7	the	the	DET
iiclr-17445	217	8	united	united	PROPN
iiclr-17445	217	9	states	states	PROPN
iiclr-17445	217	10	philosophy	philosophy	NOUN
iiclr-17445	217	11	of	of	ADP
iiclr-17445	217	12	letting	let	VERB
iiclr-17445	217	13	market	market	NOUN
iiclr-17445	217	14	forces	force	NOUN
iiclr-17445	217	15	,	,	PUNCT
iiclr-17445	217	16	to	to	ADP
iiclr-17445	217	17	a	a	DET
iiclr-17445	217	18	great	great	ADJ
iiclr-17445	217	19	extent	extent	NOUN
iiclr-17445	217	20	,	,	PUNCT
iiclr-17445	217	21	determine	determine	VERB
iiclr-17445	217	22	the	the	DET
iiclr-17445	217	23	financial	financial	ADJ
iiclr-17445	217	24	order	order	NOUN
iiclr-17445	217	25	of	of	ADP
iiclr-17445	217	26	its	its	PRON
iiclr-17445	217	27	markets	market	NOUN
iiclr-17445	217	28	.	.	PUNCT
iiclr-17445	218	1	in	in	ADP
iiclr-17445	218	2	japan	japan	PROPN
iiclr-17445	218	3	,	,	PUNCT
iiclr-17445	218	4	the	the	DET
iiclr-17445	218	5	number	number	NOUN
iiclr-17445	218	6	of	of	ADP
iiclr-17445	218	7	investment	investment	NOUN
iiclr-17445	218	8	trust	trust	NOUN
iiclr-17445	218	9	sponsors	sponsor	NOUN
iiclr-17445	218	10	,	,	PUNCT
iiclr-17445	218	11	who	who	PRON
iiclr-17445	218	12	are	be	AUX
iiclr-17445	218	13	screened	screen	VERB
iiclr-17445	218	14	and	and	CCONJ
iiclr-17445	218	15	licensed	license	VERB
iiclr-17445	218	16	by	by	ADP
iiclr-17445	218	17	the	the	DET
iiclr-17445	218	18	ministry	ministry	PROPN
iiclr-17445	218	19	of	of	ADP
iiclr-17445	218	20	finance	finance	NOUN
iiclr-17445	218	21	using	use	VERB
iiclr-17445	218	22	a	a	DET
iiclr-17445	218	23	regulatory	regulatory	ADJ
iiclr-17445	218	24	scheme	scheme	NOUN
iiclr-17445	218	25	similar	similar	ADJ
iiclr-17445	218	26	to	to	ADP
iiclr-17445	218	27	one	one	NUM
iiclr-17445	218	28	applied	apply	VERB
iiclr-17445	218	29	to	to	ADP
iiclr-17445	218	30	banks	bank	NOUN
iiclr-17445	218	31	and	and	CCONJ
iiclr-17445	218	32	life	life	NOUN
iiclr-17445	218	33	insurance	insurance	NOUN
iiclr-17445	218	34	companies	company	NOUN
iiclr-17445	218	35	,	,	PUNCT
iiclr-17445	218	36	was	be	AUX
iiclr-17445	218	37	twenty	twenty	NUM
iiclr-17445	218	38	as	as	ADP
iiclr-17445	218	39	of	of	ADP
iiclr-17445	218	40	february	february	PROPN
iiclr-17445	218	41	1992.23	1992.23	NUM
iiclr-17445	218	42	this	this	DET
iiclr-17445	218	43	small	small	ADJ
iiclr-17445	218	44	number	number	NOUN
iiclr-17445	218	45	reflects	reflect	VERB
iiclr-17445	218	46	the	the	DET
iiclr-17445	218	47	high	high	ADJ
iiclr-17445	218	48	standards	standard	NOUN
iiclr-17445	218	49	which	which	PRON
iiclr-17445	218	50	the	the	DET
iiclr-17445	218	51	ministry	ministry	PROPN
iiclr-17445	218	52	of	of	ADP
iiclr-17445	218	53	finance	finance	PROPN
iiclr-17445	218	54	requires	require	VERB
iiclr-17445	218	55	a	a	DET
iiclr-17445	218	56	company	company	NOUN
iiclr-17445	218	57	to	to	PART
iiclr-17445	218	58	meet	meet	VERB
iiclr-17445	218	59	before	before	SCONJ
iiclr-17445	218	60	it	it	PRON
iiclr-17445	218	61	can	can	AUX
iiclr-17445	218	62	obtain	obtain	VERB
iiclr-17445	218	63	a	a	DET
iiclr-17445	218	64	license	license	NOUN
iiclr-17445	218	65	to	to	PART
iiclr-17445	218	66	offer	offer	VERB
iiclr-17445	218	67	investment	investment	NOUN
iiclr-17445	218	68	trust	trust	NOUN
iiclr-17445	218	69	services	service	NOUN
iiclr-17445	218	70	.	.	PUNCT
iiclr-17445	219	1	such	such	ADJ
iiclr-17445	219	2	examination	examination	NOUN
iiclr-17445	219	3	of	of	ADP
iiclr-17445	219	4	differences	difference	NOUN
iiclr-17445	219	5	in	in	ADP
iiclr-17445	219	6	approaches	approach	NOUN
iiclr-17445	219	7	towards	towards	ADP
iiclr-17445	219	8	maintaining	maintain	VERB
iiclr-17445	219	9	financial	financial	ADJ
iiclr-17445	219	10	order	order	NOUN
iiclr-17445	219	11	should	should	AUX
iiclr-17445	219	12	enable	enable	VERB
iiclr-17445	219	13	the	the	DET
iiclr-17445	219	14	united	united	PROPN
iiclr-17445	219	15	states	states	PROPN
iiclr-17445	219	16	and	and	CCONJ
iiclr-17445	219	17	japan	japan	PROPN
iiclr-17445	219	18	to	to	PART
iiclr-17445	219	19	develop	develop	VERB
iiclr-17445	219	20	a	a	DET
iiclr-17445	219	21	deeper	deep	ADJ
iiclr-17445	219	22	understanding	understanding	NOUN
iiclr-17445	219	23	of	of	ADP
iiclr-17445	219	24	their	their	PRON
iiclr-17445	219	25	investment	investment	NOUN
iiclr-17445	219	26	trust	trust	NOUN
iiclr-17445	219	27	systems	system	NOUN
iiclr-17445	219	28	so	so	SCONJ
iiclr-17445	219	29	as	as	SCONJ
iiclr-17445	219	30	to	to	PART
iiclr-17445	219	31	improve	improve	VERB
iiclr-17445	219	32	the	the	DET
iiclr-17445	219	33	cross	cross	ADJ
iiclr-17445	219	34	-	-	ADJ
iiclr-17445	219	35	border	border	ADJ
iiclr-17445	219	36	marketing	marketing	NOUN
iiclr-17445	219	37	opportunities	opportunity	NOUN
iiclr-17445	219	38	between	between	ADP
iiclr-17445	219	39	the	the	DET
iiclr-17445	219	40	two	two	NUM
iiclr-17445	219	41	countries	country	NOUN
iiclr-17445	219	42	.	.	PUNCT
iiclr-17445	220	1	iii	iii	X
iiclr-17445	220	2	.	.	PUNCT
iiclr-17445	221	1	the	the	DET
iiclr-17445	221	2	japanese	japanese	ADJ
iiclr-17445	221	3	investment	investment	NOUN
iiclr-17445	221	4	trust	trust	NOUN
iiclr-17445	221	5	and	and	CCONJ
iiclr-17445	221	6	its	its	PRON
iiclr-17445	221	7	savings	saving	NOUN
iiclr-17445	221	8	orientation	orientation	NOUN
iiclr-17445	221	9	the	the	DET
iiclr-17445	221	10	unit	unit	NOUN
iiclr-17445	221	11	-	-	PUNCT
iiclr-17445	221	12	type	type	NOUN
iiclr-17445	221	13	stock	stock	NOUN
iiclr-17445	221	14	fund	fund	NOUN
iiclr-17445	221	15	is	be	AUX
iiclr-17445	221	16	the	the	DET
iiclr-17445	221	17	mainstay	mainstay	NOUN
iiclr-17445	221	18	in	in	ADP
iiclr-17445	221	19	the	the	DET
iiclr-17445	221	20	product	product	NOUN
iiclr-17445	221	21	lines	line	NOUN
iiclr-17445	221	22	of	of	ADP
iiclr-17445	221	23	the	the	DET
iiclr-17445	221	24	japanese	japanese	ADJ
iiclr-17445	221	25	investment	investment	NOUN
iiclr-17445	221	26	trust	trust	NOUN
iiclr-17445	221	27	industry.2	industry.2	VERB
iiclr-17445	221	28	"	"	PUNCT
iiclr-17445	221	29	this	this	DET
iiclr-17445	221	30	unit	unit	NOUN
iiclr-17445	221	31	-	-	PUNCT
iiclr-17445	221	32	type	type	NOUN
iiclr-17445	221	33	stock	stock	NOUN
iiclr-17445	221	34	fund	fund	NOUN
iiclr-17445	221	35	23	23	NUM
iiclr-17445	221	36	.	.	PUNCT
iiclr-17445	222	1	second	second	ADJ
iiclr-17445	222	2	international	international	ADJ
iiclr-17445	222	3	conference	conference	NOUN
iiclr-17445	222	4	of	of	ADP
iiclr-17445	222	5	investment	investment	NOUN
iiclr-17445	222	6	fund	fund	NOUN
iiclr-17445	222	7	associations	association	NOUN
iiclr-17445	222	8	,	,	PUNCT
iiclr-17445	222	9	toronto	toronto	PROPN
iiclr-17445	222	10	(	(	PUNCT
iiclr-17445	222	11	september	september	PROPN
iiclr-17445	222	12	,	,	PUNCT
iiclr-17445	222	13	1988	1988	NUM
iiclr-17445	222	14	)	)	PUNCT
iiclr-17445	222	15	(	(	PUNCT
iiclr-17445	222	16	for	for	ADP
iiclr-17445	222	17	world	world	NOUN
iiclr-17445	222	18	statistics	statistic	NOUN
iiclr-17445	222	19	of	of	ADP
iiclr-17445	222	20	the	the	DET
iiclr-17445	222	21	number	number	NOUN
iiclr-17445	222	22	of	of	ADP
iiclr-17445	222	23	management	management	NOUN
iiclr-17445	222	24	companies	company	NOUN
iiclr-17445	222	25	involved	involve	VERB
iiclr-17445	222	26	with	with	ADP
iiclr-17445	222	27	collective	collective	ADJ
iiclr-17445	222	28	investment	investment	NOUN
iiclr-17445	222	29	schemes	scheme	NOUN
iiclr-17445	222	30	including	include	VERB
iiclr-17445	222	31	investment	investment	NOUN
iiclr-17445	222	32	trusts	trust	NOUN
iiclr-17445	222	33	)	)	PUNCT
iiclr-17445	222	34	.	.	PUNCT
iiclr-17445	223	1	great	great	ADJ
iiclr-17445	223	2	britain	britain	PROPN
iiclr-17445	223	3	has	have	VERB
iiclr-17445	223	4	approximately	approximately	ADV
iiclr-17445	223	5	180	180	NUM
iiclr-17445	223	6	investment	investment	NOUN
iiclr-17445	223	7	trust	trust	NOUN
iiclr-17445	223	8	sponsors	sponsor	NOUN
iiclr-17445	223	9	.	.	PUNCT
iiclr-17445	224	1	24	24	NUM
iiclr-17445	224	2	.	.	PUNCT
iiclr-17445	224	3	types	type	NOUN
iiclr-17445	224	4	and	and	CCONJ
iiclr-17445	224	5	sizes	size	NOUN
iiclr-17445	224	6	of	of	ADP
iiclr-17445	224	7	japanese	japanese	ADJ
iiclr-17445	224	8	investment	investment	NOUN
iiclr-17445	224	9	trusts	trust	NOUN
iiclr-17445	224	10	(	(	PUNCT
iiclr-17445	224	11	figures	figure	NOUN
iiclr-17445	224	12	are	be	AUX
iiclr-17445	224	13	of	of	ADP
iiclr-17445	224	14	january	january	PROPN
iiclr-17445	224	15	31	31	NUM
iiclr-17445	224	16	,	,	PUNCT
iiclr-17445	224	17	1990	1990	NUM
iiclr-17445	224	18	and	and	CCONJ
iiclr-17445	224	19	refer	refer	VERB
iiclr-17445	224	20	to	to	ADP
iiclr-17445	224	21	net	net	ADJ
iiclr-17445	224	22	asset	asset	NOUN
iiclr-17445	224	23	value	value	NOUN
iiclr-17445	224	24	of	of	ADP
iiclr-17445	224	25	the	the	DET
iiclr-17445	224	26	trusts	trust	NOUN
iiclr-17445	224	27	in	in	ADP
iiclr-17445	224	28	billions	billion	NOUN
iiclr-17445	224	29	1992	1992	NUM
iiclr-17445	224	30	]	]	PUNCT
iiclr-17445	224	31	ind	ind	NOUN
iiclr-17445	224	32	.	.	PUNCT
iiclr-17445	225	1	int'l	int'l	PROPN
iiclr-17445	225	2	&	&	CCONJ
iiclr-17445	225	3	comp	comp	PROPN
iiclr-17445	225	4	.	.	PUNCT
iiclr-17445	226	1	l.	l.	PROPN
iiclr-17445	226	2	rev	rev	PROPN
iiclr-17445	226	3	.	.	PROPN
iiclr-17445	226	4	features	feature	VERB
iiclr-17445	226	5	a	a	DET
iiclr-17445	226	6	design	design	NOUN
iiclr-17445	226	7	which	which	PRON
iiclr-17445	226	8	makes	make	VERB
iiclr-17445	226	9	it	it	PRON
iiclr-17445	226	10	"	"	PUNCT
iiclr-17445	226	11	easy	easy	ADJ
iiclr-17445	226	12	to	to	PART
iiclr-17445	226	13	buy	buy	VERB
iiclr-17445	226	14	and	and	CCONJ
iiclr-17445	226	15	sell	sell	VERB
iiclr-17445	226	16	"	"	PUNCT
iiclr-17445	226	17	and	and	CCONJ
iiclr-17445	226	18	which	which	PRON
iiclr-17445	226	19	provides	provide	VERB
iiclr-17445	226	20	for	for	ADP
iiclr-17445	226	21	stable	stable	ADJ
iiclr-17445	226	22	management	management	NOUN
iiclr-17445	226	23	.	.	PUNCT
iiclr-17445	227	1	structurally	structurally	ADV
iiclr-17445	227	2	,	,	PUNCT
iiclr-17445	227	3	this	this	DET
iiclr-17445	227	4	fund	fund	NOUN
iiclr-17445	227	5	contains	contain	VERB
iiclr-17445	227	6	a	a	DET
iiclr-17445	227	7	closed	closed	ADJ
iiclr-17445	227	8	prematurity	prematurity	NOUN
iiclr-17445	227	9	redemption	redemption	NOUN
iiclr-17445	227	10	period	period	NOUN
iiclr-17445	227	11	which	which	PRON
iiclr-17445	227	12	enhances	enhance	VERB
iiclr-17445	227	13	its	its	PRON
iiclr-17445	227	14	saving	save	VERB
iiclr-17445	227	15	orientation	orientation	NOUN
iiclr-17445	227	16	through	through	ADP
iiclr-17445	227	17	the	the	DET
iiclr-17445	227	18	stabilization	stabilization	NOUN
iiclr-17445	227	19	of	of	ADP
iiclr-17445	227	20	its	its	PRON
iiclr-17445	227	21	capital	capital	NOUN
iiclr-17445	227	22	base	base	NOUN
iiclr-17445	227	23	and	and	CCONJ
iiclr-17445	227	24	thereby	thereby	ADV
iiclr-17445	227	25	its	its	PRON
iiclr-17445	227	26	management	management	NOUN
iiclr-17445	227	27	.	.	PUNCT
iiclr-17445	228	1	the	the	DET
iiclr-17445	228	2	fund	fund	NOUN
iiclr-17445	228	3	's	's	PART
iiclr-17445	228	4	savings	saving	NOUN
iiclr-17445	228	5	-	-	PUNCT
iiclr-17445	228	6	oriented	orient	VERB
iiclr-17445	228	7	design	design	NOUN
iiclr-17445	228	8	is	be	AUX
iiclr-17445	228	9	provided	provide	VERB
iiclr-17445	228	10	for	for	ADP
iiclr-17445	228	11	through	through	ADP
iiclr-17445	228	12	the	the	DET
iiclr-17445	228	13	uniform	uniform	ADJ
iiclr-17445	228	14	provisions	provision	NOUN
iiclr-17445	228	15	of	of	ADP
iiclr-17445	228	16	securities	security	NOUN
iiclr-17445	228	17	investment	investment	NOUN
iiclr-17445	228	18	trust	trust	NOUN
iiclr-17445	228	19	deeds	deed	NOUN
iiclr-17445	228	20	rather	rather	ADV
iiclr-17445	228	21	than	than	ADP
iiclr-17445	228	22	in	in	ADP
iiclr-17445	228	23	any	any	DET
iiclr-17445	228	24	provision	provision	NOUN
iiclr-17445	228	25	of	of	ADP
iiclr-17445	228	26	the	the	DET
iiclr-17445	228	27	securities	security	NOUN
iiclr-17445	228	28	investment	investment	PROPN
iiclr-17445	228	29	trust	trust	NOUN
iiclr-17445	228	30	law	law	NOUN
iiclr-17445	228	31	.	.	PUNCT
iiclr-17445	229	1	25	25	NUM
iiclr-17445	229	2	of	of	ADP
iiclr-17445	229	3	yen	yen	NOUN
iiclr-17445	229	4	.	.	PUNCT
iiclr-17445	229	5	)	)	PUNCT
iiclr-17445	230	1	investment	investment	NOUN
iiclr-17445	230	2	trust	trust	NOUN
iiclr-17445	230	3	(	(	PUNCT
iiclr-17445	230	4	contract	contract	NOUN
iiclr-17445	230	5	-	-	PUNCT
iiclr-17445	230	6	type	type	NOUN
iiclr-17445	230	7	)	)	PUNCT
iiclr-17445	230	8	58,140.5	58,140.5	NUM
iiclr-17445	230	9	i.	i.	NOUN
iiclr-17445	230	10	unit	unit	NOUN
iiclr-17445	230	11	-	-	PUNCT
iiclr-17445	230	12	type	type	NOUN
iiclr-17445	230	13	40,970.5	40,970.5	NUM
iiclr-17445	230	14	a.	a.	NOUN
iiclr-17445	230	15	stock	stock	NOUN
iiclr-17445	230	16	investment	investment	PROPN
iiclr-17445	230	17	trust	trust	PROPN
iiclr-17445	230	18	36,150.6	36,150.6	X
iiclr-17445	230	19	(	(	PUNCT
iiclr-17445	230	20	1	1	NUM
iiclr-17445	230	21	)	)	PUNCT
iiclr-17445	230	22	regular	regular	ADJ
iiclr-17445	230	23	interval	interval	NOUN
iiclr-17445	230	24	/	/	SYM
iiclr-17445	230	25	pattern	pattern	NOUN
iiclr-17445	230	26	offering	offer	VERB
iiclr-17445	230	27	type	type	NOUN
iiclr-17445	230	28	9,778.1	9,778.1	NUM
iiclr-17445	230	29	(	(	PUNCT
iiclr-17445	230	30	2	2	NUM
iiclr-17445	230	31	)	)	PUNCT
iiclr-17445	230	32	spot	spot	NOUN
iiclr-17445	230	33	-	-	PUNCT
iiclr-17445	230	34	type	type	NOUN
iiclr-17445	230	35	26,372.5	26,372.5	NUM
iiclr-17445	230	36	b.	b.	PROPN
iiclr-17445	230	37	bond	bond	PROPN
iiclr-17445	230	38	investment	investment	PROPN
iiclr-17445	230	39	trust	trust	NOUN
iiclr-17445	230	40	4,819.9	4,819.9	NUM
iiclr-17445	230	41	(	(	PUNCT
iiclr-17445	230	42	1	1	NUM
iiclr-17445	230	43	)	)	PUNCT
iiclr-17445	230	44	long	long	ADJ
iiclr-17445	230	45	-	-	PUNCT
iiclr-17445	230	46	term	term	NOUN
iiclr-17445	230	47	government	government	NOUN
iiclr-17445	230	48	bond	bond	NOUN
iiclr-17445	230	49	fund	fund	NOUN
iiclr-17445	230	50	1,594.2	1,594.2	NUM
iiclr-17445	230	51	(	(	PUNCT
iiclr-17445	230	52	2	2	NUM
iiclr-17445	230	53	)	)	PUNCT
iiclr-17445	230	54	japanese	japanese	ADJ
iiclr-17445	230	55	/	/	SYM
iiclr-17445	230	56	foreign	foreign	ADJ
iiclr-17445	230	57	bond	bond	NOUN
iiclr-17445	230	58	fund	fund	PROPN
iiclr-17445	230	59	3,225.7	3,225.7	NUM
iiclr-17445	230	60	ii	ii	PROPN
iiclr-17445	230	61	.	.	PUNCT
iiclr-17445	230	62	supplementary	supplementary	PROPN
iiclr-17445	230	63	-	-	PUNCT
iiclr-17445	230	64	funding	funding	NOUN
iiclr-17445	230	65	type	type	NOUN
iiclr-17445	230	66	17,170.0	17,170.0	NUM
iiclr-17445	230	67	a.	a.	NOUN
iiclr-17445	230	68	stock	stock	PROPN
iiclr-17445	230	69	investment	investment	PROPN
iiclr-17445	230	70	trust	trust	PROPN
iiclr-17445	230	71	9,235.7	9,235.7	NUM
iiclr-17445	230	72	b.	b.	PROPN
iiclr-17445	230	73	bond	bond	PROPN
iiclr-17445	230	74	investment	investment	NOUN
iiclr-17445	230	75	fund	fund	NOUN
iiclr-17445	230	76	7,934.3	7,934.3	NUM
iiclr-17445	230	77	of	of	ADP
iiclr-17445	230	78	these	these	DET
iiclr-17445	230	79	categories	category	NOUN
iiclr-17445	230	80	,	,	PUNCT
iiclr-17445	230	81	the	the	DET
iiclr-17445	230	82	mainstay	mainstay	NOUN
iiclr-17445	230	83	unit	unit	NOUN
iiclr-17445	230	84	-	-	PUNCT
iiclr-17445	230	85	type	type	NOUN
iiclr-17445	230	86	stock	stock	NOUN
iiclr-17445	230	87	funds	fund	NOUN
iiclr-17445	230	88	,	,	PUNCT
iiclr-17445	230	89	most	most	ADJ
iiclr-17445	230	90	of	of	ADP
iiclr-17445	230	91	the	the	DET
iiclr-17445	230	92	supplementaryfunding	supplementaryfunding	NOUN
iiclr-17445	230	93	type	type	NOUN
iiclr-17445	230	94	bond	bond	NOUN
iiclr-17445	230	95	funds	fund	NOUN
iiclr-17445	230	96	,	,	PUNCT
iiclr-17445	230	97	and	and	CCONJ
iiclr-17445	230	98	some	some	DET
iiclr-17445	230	99	others	other	NOUN
iiclr-17445	230	100	(	(	PUNCT
iiclr-17445	230	101	unit	unit	NOUN
iiclr-17445	230	102	-	-	PUNCT
iiclr-17445	230	103	type	type	NOUN
iiclr-17445	230	104	bond	bond	NOUN
iiclr-17445	230	105	funds	fund	NOUN
iiclr-17445	230	106	)	)	PUNCT
iiclr-17445	230	107	have	have	VERB
iiclr-17445	230	108	structures	structure	NOUN
iiclr-17445	230	109	emphasizing	emphasize	VERB
iiclr-17445	230	110	a	a	DET
iiclr-17445	230	111	savings	saving	NOUN
iiclr-17445	230	112	orientation	orientation	NOUN
iiclr-17445	230	113	.	.	PUNCT
iiclr-17445	231	1	their	their	PRON
iiclr-17445	231	2	combined	combined	ADJ
iiclr-17445	231	3	net	net	ADJ
iiclr-17445	231	4	asset	asset	NOUN
iiclr-17445	231	5	value	value	NOUN
iiclr-17445	231	6	is	be	AUX
iiclr-17445	231	7	a	a	DET
iiclr-17445	231	8	little	little	ADJ
iiclr-17445	231	9	less	less	ADJ
iiclr-17445	231	10	than	than	ADP
iiclr-17445	231	11	80	80	NUM
iiclr-17445	231	12	%	%	NOUN
iiclr-17445	231	13	of	of	ADP
iiclr-17445	231	14	the	the	DET
iiclr-17445	231	15	net	net	ADJ
iiclr-17445	231	16	asset	asset	NOUN
iiclr-17445	231	17	value	value	NOUN
iiclr-17445	231	18	of	of	ADP
iiclr-17445	231	19	investment	investment	NOUN
iiclr-17445	231	20	trusts	trust	NOUN
iiclr-17445	231	21	in	in	ADP
iiclr-17445	231	22	japan	japan	PROPN
iiclr-17445	231	23	.	.	PUNCT
iiclr-17445	232	1	investment	investment	NOUN
iiclr-17445	232	2	trusts	trust	VERB
iiclr-17445	232	3	association	association	PROPN
iiclr-17445	232	4	of	of	ADP
iiclr-17445	232	5	japan	japan	PROPN
iiclr-17445	232	6	(	(	PUNCT
iiclr-17445	232	7	1990	1990	NUM
iiclr-17445	232	8	)	)	PUNCT
iiclr-17445	232	9	.	.	PUNCT
iiclr-17445	233	1	25	25	NUM
iiclr-17445	233	2	.	.	PUNCT
iiclr-17445	234	1	after	after	ADP
iiclr-17445	234	2	world	world	PROPN
iiclr-17445	234	3	war	war	PROPN
iiclr-17445	234	4	ii	ii	PROPN
iiclr-17445	234	5	,	,	PUNCT
iiclr-17445	234	6	the	the	DET
iiclr-17445	234	7	japanese	japanese	ADJ
iiclr-17445	234	8	government	government	NOUN
iiclr-17445	234	9	and	and	CCONJ
iiclr-17445	234	10	other	other	ADJ
iiclr-17445	234	11	public	public	ADJ
iiclr-17445	234	12	bodies	body	NOUN
iiclr-17445	234	13	assumed	assume	VERB
iiclr-17445	234	14	ownership	ownership	NOUN
iiclr-17445	234	15	of	of	ADP
iiclr-17445	234	16	company	company	NOUN
iiclr-17445	234	17	stocks	stock	NOUN
iiclr-17445	234	18	in	in	ADP
iiclr-17445	234	19	vast	vast	ADJ
iiclr-17445	234	20	quantities	quantity	NOUN
iiclr-17445	234	21	,	,	PUNCT
iiclr-17445	234	22	following	follow	VERB
iiclr-17445	234	23	the	the	DET
iiclr-17445	234	24	dissolution	dissolution	NOUN
iiclr-17445	234	25	of	of	ADP
iiclr-17445	234	26	the	the	DET
iiclr-17445	234	27	zaibatsu	zaibatsu	PROPN
iiclr-17445	234	28	(	(	PUNCT
iiclr-17445	234	29	family	family	NOUN
iiclr-17445	234	30	-	-	PUNCT
iiclr-17445	234	31	controlled	control	VERB
iiclr-17445	234	32	business	business	NOUN
iiclr-17445	234	33	groups	group	NOUN
iiclr-17445	234	34	)	)	PUNCT
iiclr-17445	234	35	and	and	CCONJ
iiclr-17445	234	36	the	the	DET
iiclr-17445	234	37	required	require	VERB
iiclr-17445	234	38	payment	payment	NOUN
iiclr-17445	234	39	of	of	ADP
iiclr-17445	234	40	capital	capital	NOUN
iiclr-17445	234	41	levies	levy	NOUN
iiclr-17445	234	42	by	by	ADP
iiclr-17445	234	43	the	the	DET
iiclr-17445	234	44	very	very	ADV
iiclr-17445	234	45	wealthy	wealthy	ADJ
iiclr-17445	234	46	.	.	PUNCT
iiclr-17445	235	1	the	the	DET
iiclr-17445	235	2	supreme	supreme	PROPN
iiclr-17445	235	3	commander	commander	PROPN
iiclr-17445	235	4	allied	ally	VERB
iiclr-17445	235	5	powers	power	NOUN
iiclr-17445	235	6	was	be	AUX
iiclr-17445	235	7	urged	urge	VERB
iiclr-17445	235	8	to	to	PART
iiclr-17445	235	9	distribute	distribute	VERB
iiclr-17445	235	10	these	these	DET
iiclr-17445	235	11	securities	security	NOUN
iiclr-17445	235	12	to	to	ADP
iiclr-17445	235	13	the	the	DET
iiclr-17445	235	14	public	public	NOUN
iiclr-17445	235	15	in	in	ADP
iiclr-17445	235	16	order	order	NOUN
iiclr-17445	235	17	to	to	PART
iiclr-17445	235	18	help	help	VERB
iiclr-17445	235	19	begin	begin	VERB
iiclr-17445	235	20	the	the	DET
iiclr-17445	235	21	reconstruction	reconstruction	NOUN
iiclr-17445	235	22	of	of	ADP
iiclr-17445	235	23	the	the	DET
iiclr-17445	235	24	shattered	shattered	ADJ
iiclr-17445	235	25	post	post	ADJ
iiclr-17445	235	26	-	-	ADJ
iiclr-17445	235	27	war	war	ADJ
iiclr-17445	235	28	economy	economy	NOUN
iiclr-17445	235	29	and	and	CCONJ
iiclr-17445	235	30	to	to	PART
iiclr-17445	235	31	promote	promote	VERB
iiclr-17445	235	32	the	the	DET
iiclr-17445	235	33	democratization	democratization	NOUN
iiclr-17445	235	34	of	of	ADP
iiclr-17445	235	35	securities	security	NOUN
iiclr-17445	235	36	.	.	PUNCT
iiclr-17445	236	1	however	however	ADV
iiclr-17445	236	2	,	,	PUNCT
iiclr-17445	236	3	the	the	DET
iiclr-17445	236	4	resources	resource	NOUN
iiclr-17445	236	5	needed	need	VERB
iiclr-17445	236	6	to	to	PART
iiclr-17445	236	7	absorb	absorb	VERB
iiclr-17445	236	8	the	the	DET
iiclr-17445	236	9	released	release	VERB
iiclr-17445	236	10	stocks	stock	NOUN
iiclr-17445	236	11	were	be	AUX
iiclr-17445	236	12	not	not	PART
iiclr-17445	236	13	in	in	ADP
iiclr-17445	236	14	place	place	NOUN
iiclr-17445	236	15	.	.	PUNCT
iiclr-17445	237	1	many	many	ADJ
iiclr-17445	237	2	large	large	ADJ
iiclr-17445	237	3	potential	potential	ADJ
iiclr-17445	237	4	investors	investor	NOUN
iiclr-17445	237	5	lost	lose	VERB
iiclr-17445	237	6	much	much	ADJ
iiclr-17445	237	7	of	of	ADP
iiclr-17445	237	8	their	their	PRON
iiclr-17445	237	9	wealth	wealth	NOUN
iiclr-17445	237	10	through	through	ADP
iiclr-17445	237	11	the	the	DET
iiclr-17445	237	12	reallocation	reallocation	NOUN
iiclr-17445	237	13	of	of	ADP
iiclr-17445	237	14	farmland	farmland	NOUN
iiclr-17445	237	15	,	,	PUNCT
iiclr-17445	237	16	heavy	heavy	ADJ
iiclr-17445	237	17	capital	capital	NOUN
iiclr-17445	237	18	levies	levy	NOUN
iiclr-17445	237	19	,	,	PUNCT
iiclr-17445	237	20	and	and	CCONJ
iiclr-17445	237	21	the	the	DET
iiclr-17445	237	22	spiralling	spiralling	NOUN
iiclr-17445	237	23	of	of	ADP
iiclr-17445	237	24	inflation	inflation	NOUN
iiclr-17445	237	25	.	.	PUNCT
iiclr-17445	238	1	other	other	ADJ
iiclr-17445	238	2	individual	individual	ADJ
iiclr-17445	238	3	investors	investor	NOUN
iiclr-17445	238	4	suffered	suffer	VERB
iiclr-17445	238	5	greatly	greatly	ADV
iiclr-17445	238	6	from	from	ADP
iiclr-17445	238	7	the	the	DET
iiclr-17445	238	8	drastic	drastic	ADJ
iiclr-17445	238	9	redistribution	redistribution	NOUN
iiclr-17445	238	10	of	of	ADP
iiclr-17445	238	11	income	income	NOUN
iiclr-17445	238	12	which	which	PRON
iiclr-17445	238	13	occurred	occur	VERB
iiclr-17445	238	14	through	through	ADP
iiclr-17445	238	15	the	the	DET
iiclr-17445	238	16	reforms	reform	NOUN
iiclr-17445	238	17	of	of	ADP
iiclr-17445	238	18	the	the	DET
iiclr-17445	238	19	post	post	ADJ
iiclr-17445	238	20	-	-	ADJ
iiclr-17445	238	21	war	war	ADJ
iiclr-17445	238	22	years	year	NOUN
iiclr-17445	238	23	.	.	PUNCT
iiclr-17445	239	1	as	as	ADP
iiclr-17445	239	2	a	a	DET
iiclr-17445	239	3	consequence	consequence	NOUN
iiclr-17445	239	4	,	,	PUNCT
iiclr-17445	239	5	stocks	stock	NOUN
iiclr-17445	239	6	were	be	AUX
iiclr-17445	239	7	in	in	ADP
iiclr-17445	239	8	excess	excess	ADJ
iiclr-17445	239	9	supply	supply	NOUN
iiclr-17445	239	10	,	,	PUNCT
iiclr-17445	239	11	prices	price	NOUN
iiclr-17445	239	12	tumbled	tumble	VERB
iiclr-17445	239	13	,	,	PUNCT
iiclr-17445	239	14	and	and	CCONJ
iiclr-17445	239	15	the	the	DET
iiclr-17445	239	16	securities	security	NOUN
iiclr-17445	239	17	market	market	NOUN
iiclr-17445	239	18	fell	fall	VERB
iiclr-17445	239	19	into	into	ADP
iiclr-17445	239	20	a	a	DET
iiclr-17445	239	21	prolonged	prolonged	ADJ
iiclr-17445	239	22	depression	depression	NOUN
iiclr-17445	239	23	.	.	PUNCT
iiclr-17445	240	1	the	the	DET
iiclr-17445	240	2	problem	problem	NOUN
iiclr-17445	240	3	was	be	AUX
iiclr-17445	240	4	further	far	ADV
iiclr-17445	240	5	exacerbated	exacerbate	VERB
iiclr-17445	240	6	by	by	ADP
iiclr-17445	240	7	a	a	DET
iiclr-17445	240	8	huge	huge	ADJ
iiclr-17445	240	9	pool	pool	NOUN
iiclr-17445	240	10	of	of	ADP
iiclr-17445	240	11	new	new	ADJ
iiclr-17445	240	12	stocks	stock	NOUN
iiclr-17445	240	13	which	which	PRON
iiclr-17445	240	14	resulted	result	VERB
iiclr-17445	240	15	from	from	ADP
iiclr-17445	240	16	the	the	DET
iiclr-17445	240	17	quasi	quasi	ADJ
iiclr-17445	240	18	-	-	ADJ
iiclr-17445	240	19	mandatory	mandatory	ADJ
iiclr-17445	240	20	capital	capital	NOUN
iiclr-17445	240	21	increases	increase	NOUN
iiclr-17445	240	22	by	by	ADP
iiclr-17445	240	23	corporations	corporation	NOUN
iiclr-17445	240	24	demanded	demand	VERB
iiclr-17445	240	25	by	by	ADP
iiclr-17445	240	26	the	the	DET
iiclr-17445	240	27	law	law	NOUN
iiclr-17445	240	28	concerning	concern	VERB
iiclr-17445	240	29	corporate	corporate	ADJ
iiclr-17445	240	30	reconstruction	reconstruction	NOUN
iiclr-17445	240	31	and	and	CCONJ
iiclr-17445	240	32	rehabilitation	rehabilitation	NOUN
iiclr-17445	240	33	.	.	PUNCT
iiclr-17445	241	1	in	in	ADP
iiclr-17445	241	2	order	order	NOUN
iiclr-17445	241	3	to	to	PART
iiclr-17445	241	4	overcome	overcome	VERB
iiclr-17445	241	5	these	these	DET
iiclr-17445	241	6	problems	problem	NOUN
iiclr-17445	241	7	and	and	CCONJ
iiclr-17445	241	8	to	to	PART
iiclr-17445	241	9	foster	foster	VERB
iiclr-17445	241	10	investment	investment	NOUN
iiclr-17445	241	11	in	in	ADP
iiclr-17445	241	12	securities	security	NOUN
iiclr-17445	241	13	,	,	PUNCT
iiclr-17445	241	14	securities	security	NOUN
iiclr-17445	241	15	companies	company	NOUN
iiclr-17445	241	16	and	and	CCONJ
iiclr-17445	241	17	government	government	NOUN
iiclr-17445	241	18	authorities	authority	NOUN
iiclr-17445	241	19	agreed	agree	VERB
iiclr-17445	241	20	in	in	ADP
iiclr-17445	241	21	1951	1951	NUM
iiclr-17445	241	22	to	to	PART
iiclr-17445	241	23	adopt	adopt	VERB
iiclr-17445	241	24	the	the	DET
iiclr-17445	241	25	investment	investment	NOUN
iiclr-17445	241	26	trust	trust	NOUN
iiclr-17445	241	27	as	as	ADP
iiclr-17445	241	28	a	a	DET
iiclr-17445	241	29	means	means	NOUN
iiclr-17445	241	30	of	of	ADP
iiclr-17445	241	31	coping	cope	VERB
iiclr-17445	241	32	with	with	ADP
iiclr-17445	241	33	this	this	DET
iiclr-17445	241	34	crisis	crisis	NOUN
iiclr-17445	241	35	and	and	CCONJ
iiclr-17445	241	36	as	as	ADP
iiclr-17445	241	37	a	a	DET
iiclr-17445	241	38	way	way	NOUN
iiclr-17445	241	39	of	of	ADP
iiclr-17445	241	40	promoting	promote	VERB
iiclr-17445	241	41	"	"	PUNCT
iiclr-17445	241	42	people	people	NOUN
iiclr-17445	241	43	's	's	PART
iiclr-17445	241	44	capitalism	capitalism	NOUN
iiclr-17445	241	45	"	"	PUNCT
iiclr-17445	241	46	to	to	PART
iiclr-17445	241	47	support	support	VERB
iiclr-17445	241	48	japan	japan	PROPN
iiclr-17445	241	49	's	's	PART
iiclr-17445	241	50	young	young	ADJ
iiclr-17445	241	51	democracy	democracy	NOUN
iiclr-17445	241	52	.	.	PUNCT
iiclr-17445	242	1	the	the	DET
iiclr-17445	242	2	investment	investment	NOUN
iiclr-17445	242	3	trust	trust	NOUN
iiclr-17445	242	4	was	be	AUX
iiclr-17445	242	5	chosen	choose	VERB
iiclr-17445	242	6	for	for	ADP
iiclr-17445	242	7	several	several	ADJ
iiclr-17445	242	8	reasons	reason	NOUN
iiclr-17445	242	9	.	.	PUNCT
iiclr-17445	243	1	first	first	ADV
iiclr-17445	243	2	,	,	PUNCT
iiclr-17445	243	3	the	the	DET
iiclr-17445	243	4	capital	capital	NOUN
iiclr-17445	243	5	market	market	NOUN
iiclr-17445	243	6	after	after	SCONJ
iiclr-17445	243	7	the	the	DET
iiclr-17445	243	8	war	war	NOUN
iiclr-17445	243	9	was	be	AUX
iiclr-17445	243	10	immature	immature	ADJ
iiclr-17445	243	11	and	and	CCONJ
iiclr-17445	243	12	small	small	ADJ
iiclr-17445	243	13	.	.	PUNCT
iiclr-17445	244	1	the	the	DET
iiclr-17445	244	2	general	general	ADJ
iiclr-17445	244	3	public	public	NOUN
iiclr-17445	244	4	lacked	lack	VERB
iiclr-17445	244	5	sizable	sizable	ADJ
iiclr-17445	244	6	wealth	wealth	NOUN
iiclr-17445	244	7	,	,	PUNCT
iiclr-17445	244	8	sufficient	sufficient	ADJ
iiclr-17445	244	9	knowledge	knowledge	NOUN
iiclr-17445	244	10	,	,	PUNCT
iiclr-17445	244	11	and	and	CCONJ
iiclr-17445	244	12	the	the	DET
iiclr-17445	244	13	requisite	requisite	ADJ
iiclr-17445	244	14	[	[	X
iiclr-17445	244	15	vol	vol	NOUN
iiclr-17445	244	16	.	.	PUNCT
iiclr-17445	244	17	2:385	2:385	NUM
iiclr-17445	245	1	japan	japan	PROPN
iiclr-17445	245	2	's	's	PART
iiclr-17445	245	3	investment	investment	NOUN
iiclr-17445	245	4	trust	trust	NOUN
iiclr-17445	245	5	to	to	PART
iiclr-17445	245	6	accommodate	accommodate	VERB
iiclr-17445	245	7	this	this	DET
iiclr-17445	245	8	preference	preference	NOUN
iiclr-17445	245	9	,	,	PUNCT
iiclr-17445	245	10	the	the	DET
iiclr-17445	245	11	investment	investment	NOUN
iiclr-17445	245	12	trust	trust	NOUN
iiclr-17445	245	13	was	be	AUX
iiclr-17445	245	14	designed	design	VERB
iiclr-17445	245	15	to	to	PART
iiclr-17445	245	16	:	:	PUNCT
iiclr-17445	245	17	[	[	X
iiclr-17445	245	18	s]tart	s]tart	NOUN
iiclr-17445	245	19	with	with	ADP
iiclr-17445	245	20	fixed	fix	VERB
iiclr-17445	245	21	amounts	amount	NOUN
iiclr-17445	245	22	of	of	ADP
iiclr-17445	245	23	capital	capital	NOUN
iiclr-17445	245	24	to	to	PART
iiclr-17445	245	25	enable	enable	VERB
iiclr-17445	245	26	yield	yield	NOUN
iiclr-17445	245	27	recognition	recognition	NOUN
iiclr-17445	245	28	within	within	ADP
iiclr-17445	245	29	a	a	DET
iiclr-17445	245	30	certain	certain	ADJ
iiclr-17445	245	31	range	range	NOUN
iiclr-17445	245	32	like	like	ADP
iiclr-17445	245	33	bank	bank	NOUN
iiclr-17445	245	34	deposits	deposit	NOUN
iiclr-17445	245	35	,	,	PUNCT
iiclr-17445	245	36	diluting	dilute	VERB
iiclr-17445	245	37	as	as	ADV
iiclr-17445	245	38	much	much	ADJ
iiclr-17445	245	39	as	as	ADP
iiclr-17445	245	40	possible	possible	ADJ
iiclr-17445	245	41	price	price	NOUN
iiclr-17445	245	42	and	and	CCONJ
iiclr-17445	245	43	yield	yield	VERB
iiclr-17445	245	44	volatility	volatility	NOUN
iiclr-17445	245	45	characteristic	characteristic	NOUN
iiclr-17445	245	46	of	of	ADP
iiclr-17445	245	47	any	any	DET
iiclr-17445	245	48	financial	financial	ADJ
iiclr-17445	245	49	product	product	NOUN
iiclr-17445	245	50	featuring	feature	VERB
iiclr-17445	245	51	actual	actual	ADJ
iiclr-17445	245	52	return	return	NOUN
iiclr-17445	245	53	payment	payment	NOUN
iiclr-17445	245	54	.	.	PUNCT
iiclr-17445	246	1	as	as	ADP
iiclr-17445	246	2	a	a	DET
iiclr-17445	246	3	result	result	NOUN
iiclr-17445	246	4	,	,	PUNCT
iiclr-17445	246	5	the	the	DET
iiclr-17445	246	6	new	new	ADJ
iiclr-17445	246	7	product	product	NOUN
iiclr-17445	246	8	started	start	VERB
iiclr-17445	246	9	as	as	ADP
iiclr-17445	246	10	a	a	DET
iiclr-17445	246	11	unit	unit	NOUN
iiclr-17445	246	12	-	-	PUNCT
iiclr-17445	246	13	type	type	NOUN
iiclr-17445	246	14	stock	stock	NOUN
iiclr-17445	246	15	fund	fund	NOUN
iiclr-17445	246	16	with	with	ADP
iiclr-17445	246	17	its	its	PRON
iiclr-17445	246	18	characteristics	characteristic	NOUN
iiclr-17445	246	19	uniformly	uniformly	ADV
iiclr-17445	246	20	adopted	adopt	VERB
iiclr-17445	246	21	throughout	throughout	ADP
iiclr-17445	246	22	the	the	DET
iiclr-17445	246	23	industry	industry	NOUN
iiclr-17445	246	24	.	.	PUNCT
iiclr-17445	247	1	they	they	PRON
iiclr-17445	247	2	consisted	consist	VERB
iiclr-17445	247	3	of	of	ADP
iiclr-17445	247	4	(	(	PUNCT
iiclr-17445	247	5	i	i	NOUN
iiclr-17445	247	6	)	)	PUNCT
iiclr-17445	247	7	no	no	DET
iiclr-17445	247	8	ceiling	ceiling	NOUN
iiclr-17445	247	9	for	for	ADP
iiclr-17445	247	10	the	the	DET
iiclr-17445	247	11	ratio	ratio	NOUN
iiclr-17445	247	12	of	of	ADP
iiclr-17445	247	13	stocks	stock	NOUN
iiclr-17445	247	14	in	in	ADP
iiclr-17445	247	15	the	the	DET
iiclr-17445	247	16	portfolio	portfolio	NOUN
iiclr-17445	247	17	and	and	CCONJ
iiclr-17445	247	18	(	(	PUNCT
iiclr-17445	247	19	ii	ii	NOUN
iiclr-17445	247	20	)	)	PUNCT
iiclr-17445	247	21	fixed	fix	VERB
iiclr-17445	247	22	round	round	ADJ
iiclr-17445	247	23	-	-	PUNCT
iiclr-17445	247	24	number	number	NOUN
iiclr-17445	247	25	par	par	NOUN
iiclr-17445	247	26	values	value	NOUN
iiclr-17445	247	27	(	(	PUNCT
iiclr-17445	247	28	starting	start	VERB
iiclr-17445	247	29	with	with	ADP
iiclr-17445	247	30	5,000	5,000	NUM
iiclr-17445	247	31	yen	yen	NOUN
iiclr-17445	247	32	which	which	PRON
iiclr-17445	247	33	was	be	AUX
iiclr-17445	247	34	later	later	ADV
iiclr-17445	247	35	increased	increase	VERB
iiclr-17445	247	36	to	to	ADP
iiclr-17445	247	37	10,000	10,000	NUM
iiclr-17445	247	38	yen	yen	NOUN
iiclr-17445	247	39	)	)	PUNCT
iiclr-17445	247	40	in	in	ADP
iiclr-17445	247	41	(	(	PUNCT
iiclr-17445	247	42	iii	iii	X
iiclr-17445	247	43	)	)	PUNCT
iiclr-17445	247	44	bearer	bearer	NOUN
iiclr-17445	247	45	certificates	certificate	NOUN
iiclr-17445	247	46	offered	offer	VERB
iiclr-17445	247	47	for	for	ADP
iiclr-17445	247	48	subscription	subscription	NOUN
iiclr-17445	247	49	almost	almost	ADV
iiclr-17445	247	50	every	every	PRON
iiclr-17445	247	51	month	month	NOUN
iiclr-17445	247	52	for	for	ADP
iiclr-17445	247	53	(	(	PUNCT
iiclr-17445	247	54	iv	iv	X
iiclr-17445	247	55	)	)	PUNCT
iiclr-17445	247	56	a	a	DET
iiclr-17445	247	57	relatively	relatively	ADV
iiclr-17445	247	58	short	short	ADJ
iiclr-17445	247	59	two	two	NUM
iiclr-17445	247	60	-	-	PUNCT
iiclr-17445	247	61	year	year	NOUN
iiclr-17445	247	62	maturity	maturity	NOUN
iiclr-17445	247	63	(	(	PUNCT
iiclr-17445	247	64	four	four	NUM
iiclr-17445	247	65	to	to	PART
iiclr-17445	247	66	five	five	NUM
iiclr-17445	247	67	years	year	NOUN
iiclr-17445	247	68	at	at	ADP
iiclr-17445	247	69	present	present	NOUN
iiclr-17445	247	70	)	)	PUNCT
iiclr-17445	247	71	with	with	ADP
iiclr-17445	247	72	(	(	PUNCT
iiclr-17445	247	73	v	v	NOUN
iiclr-17445	247	74	)	)	PUNCT
iiclr-17445	247	75	a	a	DET
iiclr-17445	247	76	prematurity	prematurity	NOUN
iiclr-17445	247	77	redemption	redemption	NOUN
iiclr-17445	247	78	privilege	privilege	NOUN
iiclr-17445	247	79	on	on	ADP
iiclr-17445	247	80	the	the	DET
iiclr-17445	247	81	part	part	NOUN
iiclr-17445	247	82	of	of	ADP
iiclr-17445	247	83	investors	investor	NOUN
iiclr-17445	247	84	.	.	PUNCT
iiclr-17445	248	1	but	but	CCONJ
iiclr-17445	248	2	(	(	PUNCT
iiclr-17445	248	3	vi	vi	X
iiclr-17445	248	4	)	)	PUNCT
iiclr-17445	248	5	each	each	DET
iiclr-17445	248	6	fund	fund	NOUN
iiclr-17445	248	7	,	,	PUNCT
iiclr-17445	248	8	once	once	ADV
iiclr-17445	248	9	established	establish	VERB
iiclr-17445	248	10	,	,	PUNCT
iiclr-17445	248	11	was	be	AUX
iiclr-17445	248	12	not	not	PART
iiclr-17445	248	13	to	to	PART
iiclr-17445	248	14	accept	accept	VERB
iiclr-17445	248	15	any	any	DET
iiclr-17445	248	16	additional	additional	ADJ
iiclr-17445	248	17	capital	capital	NOUN
iiclr-17445	248	18	.	.	PUNCT
iiclr-17445	249	1	in	in	ADP
iiclr-17445	249	2	short	short	ADJ
iiclr-17445	249	3	,	,	PUNCT
iiclr-17445	249	4	the	the	DET
iiclr-17445	249	5	newly	newly	ADV
iiclr-17445	249	6	launched	launch	VERB
iiclr-17445	249	7	investment	investment	NOUN
iiclr-17445	249	8	trust	trust	NOUN
iiclr-17445	249	9	was	be	AUX
iiclr-17445	249	10	a	a	DET
iiclr-17445	249	11	unique	unique	ADJ
iiclr-17445	249	12	modification	modification	NOUN
iiclr-17445	249	13	fit	fit	NOUN
iiclr-17445	249	14	for	for	ADP
iiclr-17445	249	15	easy	easy	ADJ
iiclr-17445	249	16	subscription	subscription	NOUN
iiclr-17445	249	17	by	by	ADP
iiclr-17445	249	18	investors	investor	NOUN
iiclr-17445	249	19	and	and	CCONJ
iiclr-17445	249	20	for	for	ADP
iiclr-17445	249	21	concerted	concerted	ADJ
iiclr-17445	249	22	mass	mass	ADJ
iiclr-17445	249	23	sale	sale	NOUN
iiclr-17445	249	24	by	by	ADP
iiclr-17445	249	25	investment	investment	NOUN
iiclr-17445	249	26	trust	trust	NOUN
iiclr-17445	249	27	companies	company	NOUN
iiclr-17445	249	28	.	.	PUNCT
iiclr-17445	250	1	lying	lie	VERB
iiclr-17445	250	2	in	in	ADP
iiclr-17445	250	3	the	the	DET
iiclr-17445	250	4	path	path	NOUN
iiclr-17445	250	5	of	of	ADP
iiclr-17445	250	6	success	success	NOUN
iiclr-17445	250	7	of	of	ADP
iiclr-17445	250	8	this	this	DET
iiclr-17445	250	9	distinctive	distinctive	ADJ
iiclr-17445	250	10	system	system	NOUN
iiclr-17445	250	11	was	be	AUX
iiclr-17445	250	12	the	the	DET
iiclr-17445	250	13	tradition	tradition	NOUN
iiclr-17445	250	14	of	of	ADP
iiclr-17445	250	15	par	par	NOUN
iiclr-17445	250	16	value	value	NOUN
iiclr-17445	250	17	stock	stock	NOUN
iiclr-17445	250	18	issues	issue	NOUN
iiclr-17445	250	19	in	in	ADP
iiclr-17445	250	20	japan	japan	PROPN
iiclr-17445	250	21	.	.	PUNCT
iiclr-17445	251	1	prototypical	prototypical	ADJ
iiclr-17445	251	2	open	open	ADJ
iiclr-17445	251	3	-	-	PUNCT
iiclr-17445	251	4	end	end	NOUN
iiclr-17445	251	5	funds	fund	NOUN
iiclr-17445	251	6	offering	offer	VERB
iiclr-17445	251	7	initial	initial	ADJ
iiclr-17445	251	8	and	and	CCONJ
iiclr-17445	251	9	additional	additional	ADJ
iiclr-17445	251	10	beneficiary	beneficiary	ADJ
iiclr-17445	251	11	certificates	certificate	NOUN
iiclr-17445	251	12	at	at	ADP
iiclr-17445	251	13	market	market	NOUN
iiclr-17445	251	14	value	value	NOUN
iiclr-17445	251	15	with	with	ADP
iiclr-17445	251	16	capital	capital	NOUN
iiclr-17445	251	17	gains	gain	NOUN
iiclr-17445	251	18	potential	potential	NOUN
iiclr-17445	251	19	as	as	SCONJ
iiclr-17445	251	20	their	their	PRON
iiclr-17445	251	21	chief	chief	ADJ
iiclr-17445	251	22	inducement	inducement	NOUN
iiclr-17445	251	23	could	could	AUX
iiclr-17445	251	24	not	not	PART
iiclr-17445	251	25	win	win	VERB
iiclr-17445	251	26	acceptance	acceptance	NOUN
iiclr-17445	251	27	among	among	ADP
iiclr-17445	251	28	investors	investor	NOUN
iiclr-17445	251	29	long	long	ADV
iiclr-17445	251	30	accustomed	accustomed	ADJ
iiclr-17445	251	31	to	to	ADP
iiclr-17445	251	32	par	par	PROPN
iiclr-17445	251	33	value	value	NOUN
iiclr-17445	251	34	stocks	stock	NOUN
iiclr-17445	251	35	which	which	PRON
iiclr-17445	251	36	virtually	virtually	ADV
iiclr-17445	251	37	promised	promise	VERB
iiclr-17445	251	38	dividends	dividend	NOUN
iiclr-17445	251	39	at	at	ADP
iiclr-17445	251	40	fixed	fix	VERB
iiclr-17445	251	41	rates	rate	NOUN
iiclr-17445	251	42	and	and	CCONJ
iiclr-17445	251	43	new	new	ADJ
iiclr-17445	251	44	stock	stock	NOUN
iiclr-17445	251	45	allocations	allocation	NOUN
iiclr-17445	251	46	at	at	ADP
iiclr-17445	251	47	par	par	NOUN
iiclr-17445	251	48	value.2	value.2	PROPN
iiclr-17445	251	49	6	6	NUM
iiclr-17445	251	50	unit	unit	NOUN
iiclr-17445	251	51	-	-	PUNCT
iiclr-17445	251	52	type	type	NOUN
iiclr-17445	251	53	stock	stock	NOUN
iiclr-17445	251	54	funds	fund	NOUN
iiclr-17445	251	55	were	be	AUX
iiclr-17445	251	56	originally	originally	ADV
iiclr-17445	251	57	offered	offer	VERB
iiclr-17445	251	58	as	as	ADP
iiclr-17445	251	59	packaged	package	VERB
iiclr-17445	251	60	uniform	uniform	ADJ
iiclr-17445	251	61	financial	financial	ADJ
iiclr-17445	251	62	products	product	NOUN
iiclr-17445	251	63	close	close	ADJ
iiclr-17445	251	64	in	in	ADP
iiclr-17445	251	65	nature	nature	NOUN
iiclr-17445	251	66	to	to	ADP
iiclr-17445	251	67	bank	bank	NOUN
iiclr-17445	251	68	deposits	deposit	NOUN
iiclr-17445	251	69	.	.	PUNCT
iiclr-17445	252	1	in	in	ADP
iiclr-17445	252	2	fact	fact	NOUN
iiclr-17445	252	3	,	,	PUNCT
iiclr-17445	252	4	these	these	DET
iiclr-17445	252	5	trusts	trust	NOUN
iiclr-17445	252	6	were	be	AUX
iiclr-17445	252	7	sold	sell	VERB
iiclr-17445	252	8	based	base	VERB
iiclr-17445	252	9	upon	upon	SCONJ
iiclr-17445	252	10	the	the	DET
iiclr-17445	252	11	idea	idea	NOUN
iiclr-17445	252	12	that	that	SCONJ
iiclr-17445	252	13	they	they	PRON
iiclr-17445	252	14	were	be	AUX
iiclr-17445	252	15	almost	almost	ADV
iiclr-17445	252	16	like	like	ADP
iiclr-17445	252	17	bank	bank	NOUN
iiclr-17445	252	18	deposits	deposit	NOUN
iiclr-17445	252	19	with	with	ADP
iiclr-17445	252	20	the	the	DET
iiclr-17445	252	21	exception	exception	NOUN
iiclr-17445	252	22	that	that	PRON
iiclr-17445	252	23	investors	investor	NOUN
iiclr-17445	252	24	could	could	AUX
iiclr-17445	252	25	choose	choose	VERB
iiclr-17445	252	26	,	,	PUNCT
iiclr-17445	252	27	with	with	ADP
iiclr-17445	252	28	the	the	DET
iiclr-17445	252	29	expert	expert	ADJ
iiclr-17445	252	30	assistance	assistance	NOUN
iiclr-17445	252	31	of	of	ADP
iiclr-17445	252	32	investment	investment	NOUN
iiclr-17445	252	33	trust	trust	NOUN
iiclr-17445	252	34	management	management	NOUN
iiclr-17445	252	35	companies	company	NOUN
iiclr-17445	252	36	,	,	PUNCT
iiclr-17445	252	37	those	those	DET
iiclr-17445	252	38	funds	fund	NOUN
iiclr-17445	252	39	whose	whose	DET
iiclr-17445	252	40	investment	investment	NOUN
iiclr-17445	252	41	objectives	objective	NOUN
iiclr-17445	252	42	were	be	AUX
iiclr-17445	252	43	in	in	ADP
iiclr-17445	252	44	line	line	NOUN
iiclr-17445	252	45	with	with	ADP
iiclr-17445	252	46	current	current	ADJ
iiclr-17445	252	47	investment	investment	NOUN
iiclr-17445	252	48	theme	theme	NOUN
iiclr-17445	252	49	and	and	CCONJ
iiclr-17445	252	50	of	of	ADP
iiclr-17445	252	51	great	great	ADJ
iiclr-17445	252	52	interest	interest	NOUN
iiclr-17445	252	53	to	to	ADP
iiclr-17445	252	54	the	the	DET
iiclr-17445	252	55	investors	investor	NOUN
iiclr-17445	252	56	personally	personally	ADV
iiclr-17445	252	57	.	.	PUNCT
iiclr-17445	253	1	experience	experience	NOUN
iiclr-17445	253	2	needed	need	VERB
iiclr-17445	253	3	for	for	ADP
iiclr-17445	253	4	capital	capital	NOUN
iiclr-17445	253	5	market	market	NOUN
iiclr-17445	253	6	investments	investment	NOUN
iiclr-17445	253	7	.	.	PUNCT
iiclr-17445	254	1	therefore	therefore	ADV
iiclr-17445	254	2	,	,	PUNCT
iiclr-17445	254	3	the	the	DET
iiclr-17445	254	4	japanese	japanese	ADJ
iiclr-17445	254	5	people	people	NOUN
iiclr-17445	254	6	favored	favor	VERB
iiclr-17445	254	7	indirect	indirect	ADJ
iiclr-17445	254	8	financial	financial	ADJ
iiclr-17445	254	9	assets	asset	NOUN
iiclr-17445	254	10	,	,	PUNCT
iiclr-17445	254	11	such	such	ADJ
iiclr-17445	254	12	as	as	ADP
iiclr-17445	254	13	bank	bank	NOUN
iiclr-17445	254	14	deposits	deposit	NOUN
iiclr-17445	254	15	offering	offer	VERB
iiclr-17445	254	16	fixed	fix	VERB
iiclr-17445	254	17	interest	interest	NOUN
iiclr-17445	254	18	rates	rate	NOUN
iiclr-17445	254	19	and	and	CCONJ
iiclr-17445	254	20	guaranteed	guarantee	VERB
iiclr-17445	254	21	repayment	repayment	NOUN
iiclr-17445	254	22	of	of	ADP
iiclr-17445	254	23	principal	principal	NOUN
iiclr-17445	254	24	.	.	PUNCT
iiclr-17445	255	1	to	to	PART
iiclr-17445	255	2	accommodate	accommodate	VERB
iiclr-17445	255	3	this	this	DET
iiclr-17445	255	4	preference	preference	NOUN
iiclr-17445	255	5	,	,	PUNCT
iiclr-17445	255	6	the	the	DET
iiclr-17445	255	7	investment	investment	NOUN
iiclr-17445	255	8	trusts	trust	NOUN
iiclr-17445	255	9	were	be	AUX
iiclr-17445	255	10	designed	design	VERB
iiclr-17445	255	11	to	to	PART
iiclr-17445	255	12	be	be	AUX
iiclr-17445	255	13	bank	bank	NOUN
iiclr-17445	255	14	deposit	deposit	NOUN
iiclr-17445	255	15	-	-	PUNCT
iiclr-17445	255	16	like	like	NOUN
iiclr-17445	255	17	,	,	PUNCT
iiclr-17445	255	18	as	as	SCONJ
iiclr-17445	255	19	mentioned	mention	VERB
iiclr-17445	255	20	in	in	ADP
iiclr-17445	255	21	the	the	DET
iiclr-17445	255	22	main	main	ADJ
iiclr-17445	255	23	body	body	NOUN
iiclr-17445	255	24	.	.	PUNCT
iiclr-17445	256	1	26	26	NUM
iiclr-17445	256	2	.	.	X
iiclr-17445	257	1	japan	japan	PROPN
iiclr-17445	257	2	securities	securities	PROPN
iiclr-17445	257	3	research	research	PROPN
iiclr-17445	257	4	institute	institute	PROPN
iiclr-17445	257	5	,	,	PUNCT
iiclr-17445	257	6	nihon	nihon	PROPN
iiclr-17445	257	7	no	no	DET
iiclr-17445	257	8	toshishintaku	toshishintaku	NOUN
iiclr-17445	257	9	(	(	PUNCT
iiclr-17445	257	10	investment	investment	NOUN
iiclr-17445	257	11	trusts	trust	NOUN
iiclr-17445	257	12	in	in	ADP
iiclr-17445	257	13	japan	japan	PROPN
iiclr-17445	257	14	)	)	PUNCT
iiclr-17445	257	15	(	(	PUNCT
iiclr-17445	257	16	1966	1966	NUM
iiclr-17445	257	17	)	)	PUNCT
iiclr-17445	257	18	.	.	PUNCT
iiclr-17445	258	1	this	this	PRON
iiclr-17445	258	2	describes	describe	VERB
iiclr-17445	258	3	in	in	ADP
iiclr-17445	258	4	complete	complete	ADJ
iiclr-17445	258	5	detail	detail	NOUN
iiclr-17445	258	6	the	the	DET
iiclr-17445	258	7	problems	problem	NOUN
iiclr-17445	258	8	which	which	PRON
iiclr-17445	258	9	occurred	occur	VERB
iiclr-17445	258	10	in	in	ADP
iiclr-17445	258	11	the	the	DET
iiclr-17445	258	12	evolution	evolution	NOUN
iiclr-17445	258	13	of	of	ADP
iiclr-17445	258	14	investment	investment	NOUN
iiclr-17445	258	15	trusts	trust	NOUN
iiclr-17445	258	16	after	after	ADP
iiclr-17445	258	17	the	the	DET
iiclr-17445	258	18	securities	security	NOUN
iiclr-17445	258	19	market	market	NOUN
iiclr-17445	258	20	crisis	crisis	NOUN
iiclr-17445	258	21	of	of	ADP
iiclr-17445	258	22	1965	1965	NUM
iiclr-17445	258	23	.	.	PUNCT
iiclr-17445	259	1	1992	1992	NUM
iiclr-17445	259	2	]	]	PUNCT
iiclr-17445	259	3	ind	ind	NOUN
iiclr-17445	259	4	.	.	PUNCT
iiclr-17445	260	1	int'l	int'l	PROPN
iiclr-17445	260	2	&	&	CCONJ
iiclr-17445	260	3	comp	comp	PROPN
iiclr-17445	260	4	.	.	PUNCT
iiclr-17445	261	1	l.	l.	PROPN
iiclr-17445	261	2	rev	rev	PROPN
iiclr-17445	261	3	.	.	PUNCT
iiclr-17445	262	1	these	these	DET
iiclr-17445	262	2	unit	unit	NOUN
iiclr-17445	262	3	-	-	PUNCT
iiclr-17445	262	4	type	type	NOUN
iiclr-17445	262	5	stock	stock	NOUN
iiclr-17445	262	6	funds	fund	NOUN
iiclr-17445	262	7	grew	grow	VERB
iiclr-17445	262	8	from	from	ADP
iiclr-17445	262	9	their	their	PRON
iiclr-17445	262	10	initial	initial	ADJ
iiclr-17445	262	11	level	level	NOUN
iiclr-17445	262	12	of	of	ADP
iiclr-17445	262	13	14	14	NUM
iiclr-17445	262	14	billion	billion	NUM
iiclr-17445	262	15	yen	yen	NOUN
iiclr-17445	262	16	in	in	ADP
iiclr-17445	262	17	1951	1951	NUM
iiclr-17445	262	18	to	to	ADP
iiclr-17445	262	19	over	over	ADP
iiclr-17445	262	20	718	718	NUM
iiclr-17445	262	21	billion	billion	NUM
iiclr-17445	262	22	yen	yen	NOUN
iiclr-17445	262	23	in	in	ADP
iiclr-17445	262	24	1961	1961	NUM
iiclr-17445	262	25	.27	.27	NUM
iiclr-17445	262	26	however	however	ADV
iiclr-17445	262	27	,	,	PUNCT
iiclr-17445	262	28	when	when	SCONJ
iiclr-17445	262	29	the	the	DET
iiclr-17445	262	30	securities	security	NOUN
iiclr-17445	262	31	market	market	NOUN
iiclr-17445	262	32	suffered	suffer	VERB
iiclr-17445	262	33	a	a	DET
iiclr-17445	262	34	deep	deep	ADJ
iiclr-17445	262	35	downturn	downturn	NOUN
iiclr-17445	262	36	in	in	ADP
iiclr-17445	262	37	1965	1965	NUM
iiclr-17445	262	38	,	,	PUNCT
iiclr-17445	262	39	these	these	PRON
iiclr-17445	262	40	and	and	CCONJ
iiclr-17445	262	41	other	other	ADJ
iiclr-17445	262	42	investment	investment	NOUN
iiclr-17445	262	43	trusts	trust	NOUN
iiclr-17445	262	44	suffered	suffer	VERB
iiclr-17445	262	45	a	a	DET
iiclr-17445	262	46	vicious	vicious	ADJ
iiclr-17445	262	47	cycle	cycle	NOUN
iiclr-17445	262	48	of	of	ADP
iiclr-17445	262	49	stock	stock	NOUN
iiclr-17445	262	50	price	price	NOUN
iiclr-17445	262	51	declines	decline	NOUN
iiclr-17445	262	52	,	,	PUNCT
iiclr-17445	262	53	net	net	ADJ
iiclr-17445	262	54	asset	asset	NOUN
iiclr-17445	262	55	value	value	NOUN
iiclr-17445	262	56	drops	drop	VERB
iiclr-17445	262	57	,	,	PUNCT
iiclr-17445	262	58	slow	slow	ADJ
iiclr-17445	262	59	fund	fund	NOUN
iiclr-17445	262	60	sales	sale	NOUN
iiclr-17445	262	61	,	,	PUNCT
iiclr-17445	262	62	higher	high	ADJ
iiclr-17445	262	63	redemptions	redemption	NOUN
iiclr-17445	262	64	,	,	PUNCT
iiclr-17445	262	65	and	and	CCONJ
iiclr-17445	262	66	ultimately	ultimately	ADV
iiclr-17445	262	67	,	,	PUNCT
iiclr-17445	262	68	the	the	DET
iiclr-17445	262	69	cashing	cashing	NOUN
iiclr-17445	262	70	of	of	ADP
iiclr-17445	262	71	portfolio	portfolio	NOUN
iiclr-17445	262	72	stocks	stock	NOUN
iiclr-17445	262	73	.	.	PUNCT
iiclr-17445	263	1	inevitable	inevitable	ADJ
iiclr-17445	263	2	results	result	NOUN
iiclr-17445	263	3	of	of	ADP
iiclr-17445	263	4	this	this	DET
iiclr-17445	263	5	cycle	cycle	NOUN
iiclr-17445	263	6	were	be	AUX
iiclr-17445	263	7	further	further	ADJ
iiclr-17445	263	8	declines	decline	NOUN
iiclr-17445	263	9	in	in	ADP
iiclr-17445	263	10	stock	stock	NOUN
iiclr-17445	263	11	prices	price	NOUN
iiclr-17445	263	12	,	,	PUNCT
iiclr-17445	263	13	drastic	drastic	ADJ
iiclr-17445	263	14	attrition	attrition	NOUN
iiclr-17445	263	15	of	of	ADP
iiclr-17445	263	16	the	the	DET
iiclr-17445	263	17	net	net	ADJ
iiclr-17445	263	18	asset	asset	NOUN
iiclr-17445	263	19	value	value	NOUN
iiclr-17445	263	20	of	of	ADP
iiclr-17445	263	21	trusts	trust	NOUN
iiclr-17445	263	22	,	,	PUNCT
iiclr-17445	263	23	and	and	CCONJ
iiclr-17445	263	24	the	the	DET
iiclr-17445	263	25	forced	force	VERB
iiclr-17445	263	26	extension	extension	NOUN
iiclr-17445	263	27	of	of	ADP
iiclr-17445	263	28	trust	trust	NOUN
iiclr-17445	263	29	maturities	maturity	NOUN
iiclr-17445	263	30	.	.	PUNCT
iiclr-17445	264	1	these	these	DET
iiclr-17445	264	2	maladies	malady	NOUN
iiclr-17445	264	3	caused	cause	VERB
iiclr-17445	264	4	the	the	DET
iiclr-17445	264	5	securities	security	NOUN
iiclr-17445	264	6	industry	industry	NOUN
iiclr-17445	264	7	to	to	PART
iiclr-17445	264	8	experience	experience	VERB
iiclr-17445	264	9	a	a	DET
iiclr-17445	264	10	depression	depression	NOUN
iiclr-17445	264	11	of	of	ADP
iiclr-17445	264	12	unprecedented	unprecedented	ADJ
iiclr-17445	264	13	severity	severity	NOUN
iiclr-17445	264	14	.	.	PUNCT
iiclr-17445	265	1	in	in	ADP
iiclr-17445	265	2	fact	fact	NOUN
iiclr-17445	265	3	,	,	PUNCT
iiclr-17445	265	4	the	the	DET
iiclr-17445	265	5	bank	bank	NOUN
iiclr-17445	265	6	of	of	ADP
iiclr-17445	265	7	japan	japan	PROPN
iiclr-17445	265	8	,	,	PUNCT
iiclr-17445	265	9	acting	act	VERB
iiclr-17445	265	10	as	as	ADP
iiclr-17445	265	11	lender	lender	NOUN
iiclr-17445	265	12	of	of	ADP
iiclr-17445	265	13	the	the	DET
iiclr-17445	265	14	last	last	ADJ
iiclr-17445	265	15	resort	resort	NOUN
iiclr-17445	265	16	,	,	PUNCT
iiclr-17445	265	17	stepped	step	VERB
iiclr-17445	265	18	in	in	ADV
iiclr-17445	265	19	and	and	CCONJ
iiclr-17445	265	20	provided	provide	VERB
iiclr-17445	265	21	special	special	ADJ
iiclr-17445	265	22	direct	direct	ADJ
iiclr-17445	265	23	loans	loan	NOUN
iiclr-17445	265	24	to	to	ADP
iiclr-17445	265	25	two	two	NUM
iiclr-17445	265	26	large	large	ADJ
iiclr-17445	265	27	securities	security	NOUN
iiclr-17445	265	28	companies	company	NOUN
iiclr-17445	265	29	during	during	ADP
iiclr-17445	265	30	this	this	DET
iiclr-17445	265	31	depression	depression	NOUN
iiclr-17445	265	32	.	.	PUNCT
iiclr-17445	266	1	this	this	DET
iiclr-17445	266	2	action	action	NOUN
iiclr-17445	266	3	by	by	ADP
iiclr-17445	266	4	the	the	DET
iiclr-17445	266	5	bank	bank	NOUN
iiclr-17445	266	6	was	be	AUX
iiclr-17445	266	7	an	an	DET
iiclr-17445	266	8	unprecedented	unprecedented	ADJ
iiclr-17445	266	9	one	one	NUM
iiclr-17445	266	10	and	and	CCONJ
iiclr-17445	266	11	was	be	AUX
iiclr-17445	266	12	undertaken	undertake	VERB
iiclr-17445	266	13	because	because	SCONJ
iiclr-17445	266	14	of	of	ADP
iiclr-17445	266	15	the	the	DET
iiclr-17445	266	16	bank	bank	NOUN
iiclr-17445	266	17	's	's	PART
iiclr-17445	266	18	concern	concern	NOUN
iiclr-17445	266	19	that	that	SCONJ
iiclr-17445	266	20	these	these	DET
iiclr-17445	266	21	companies	company	NOUN
iiclr-17445	266	22	'	'	PART
iiclr-17445	266	23	failures	failure	NOUN
iiclr-17445	266	24	would	would	AUX
iiclr-17445	266	25	create	create	VERB
iiclr-17445	266	26	great	great	ADJ
iiclr-17445	266	27	trouble	trouble	NOUN
iiclr-17445	266	28	in	in	ADP
iiclr-17445	266	29	japan	japan	PROPN
iiclr-17445	266	30	's	's	PART
iiclr-17445	266	31	credit	credit	NOUN
iiclr-17445	266	32	system	system	NOUN
iiclr-17445	266	33	as	as	ADP
iiclr-17445	266	34	a	a	DET
iiclr-17445	266	35	whole	whole	NOUN
iiclr-17445	266	36	.	.	PUNCT
iiclr-17445	267	1	28	28	NUM
iiclr-17445	267	2	alarmed	alarm	VERB
iiclr-17445	267	3	by	by	ADP
iiclr-17445	267	4	this	this	DET
iiclr-17445	267	5	bitter	bitter	ADJ
iiclr-17445	267	6	experience	experience	NOUN
iiclr-17445	267	7	,	,	PUNCT
iiclr-17445	268	1	all	all	DET
iiclr-17445	268	2	unit	unit	NOUN
iiclr-17445	268	3	-	-	PUNCT
iiclr-17445	268	4	type	type	NOUN
iiclr-17445	268	5	stock	stock	NOUN
iiclr-17445	268	6	funds	fund	NOUN
iiclr-17445	268	7	established	establish	VERB
iiclr-17445	268	8	after	after	ADP
iiclr-17445	268	9	this	this	DET
iiclr-17445	268	10	mini	mini	NOUN
iiclr-17445	268	11	-	-	NOUN
iiclr-17445	268	12	crisis	crisis	NOUN
iiclr-17445	268	13	had	have	VERB
iiclr-17445	268	14	a	a	DET
iiclr-17445	268	15	built	build	VERB
iiclr-17445	268	16	-	-	PUNCT
iiclr-17445	268	17	in	in	ADP
iiclr-17445	268	18	mechanism	mechanism	NOUN
iiclr-17445	268	19	to	to	PART
iiclr-17445	268	20	further	further	VERB
iiclr-17445	268	21	their	their	PRON
iiclr-17445	268	22	savings	saving	NOUN
iiclr-17445	268	23	orientation	orientation	NOUN
iiclr-17445	268	24	by	by	ADP
iiclr-17445	268	25	trust	trust	NOUN
iiclr-17445	268	26	deeds	deed	NOUN
iiclr-17445	268	27	.	.	PUNCT
iiclr-17445	269	1	this	this	DET
iiclr-17445	269	2	mechanism	mechanism	NOUN
iiclr-17445	269	3	encourages	encourage	VERB
iiclr-17445	269	4	stable	stable	ADJ
iiclr-17445	269	5	asset	asset	NOUN
iiclr-17445	269	6	management	management	NOUN
iiclr-17445	269	7	as	as	ADV
iiclr-17445	269	8	much	much	ADV
iiclr-17445	269	9	as	as	ADP
iiclr-17445	269	10	possible	possible	ADJ
iiclr-17445	269	11	by	by	ADP
iiclr-17445	269	12	:	:	PUNCT
iiclr-17445	269	13	(	(	PUNCT
iiclr-17445	269	14	1	1	X
iiclr-17445	269	15	)	)	PUNCT
iiclr-17445	269	16	restricting	restrict	VERB
iiclr-17445	269	17	the	the	DET
iiclr-17445	269	18	ratio	ratio	NOUN
iiclr-17445	269	19	or	or	CCONJ
iiclr-17445	269	20	stock	stock	NOUN
iiclr-17445	269	21	holdings	holding	NOUN
iiclr-17445	269	22	(	(	PUNCT
iiclr-17445	269	23	typically	typically	ADV
iiclr-17445	269	24	70	70	NUM
iiclr-17445	269	25	%	%	NOUN
iiclr-17445	269	26	)	)	PUNCT
iiclr-17445	269	27	;	;	PUNCT
iiclr-17445	269	28	(	(	PUNCT
iiclr-17445	269	29	ii	ii	NOUN
iiclr-17445	269	30	)	)	PUNCT
iiclr-17445	269	31	prescribing	prescribing	NOUN
iiclr-17445	269	32	closed	close	VERB
iiclr-17445	269	33	periods	period	NOUN
iiclr-17445	269	34	that	that	PRON
iiclr-17445	269	35	typically	typically	ADV
iiclr-17445	269	36	restrict	restrict	VERB
iiclr-17445	269	37	redemption	redemption	NOUN
iiclr-17445	269	38	for	for	ADP
iiclr-17445	269	39	the	the	DET
iiclr-17445	269	40	first	first	ADJ
iiclr-17445	269	41	two	two	NUM
iiclr-17445	269	42	to	to	PART
iiclr-17445	269	43	three	three	NUM
iiclr-17445	269	44	years	year	NOUN
iiclr-17445	269	45	of	of	ADP
iiclr-17445	269	46	the	the	DET
iiclr-17445	269	47	trust	trust	NOUN
iiclr-17445	269	48	's	's	PART
iiclr-17445	269	49	maturity	maturity	NOUN
iiclr-17445	269	50	period	period	NOUN
iiclr-17445	269	51	(	(	PUNCT
iiclr-17445	269	52	recently	recently	ADV
iiclr-17445	269	53	,	,	PUNCT
iiclr-17445	269	54	the	the	DET
iiclr-17445	269	55	closed	close	VERB
iiclr-17445	269	56	periods	period	NOUN
iiclr-17445	269	57	have	have	AUX
iiclr-17445	269	58	been	be	AUX
iiclr-17445	269	59	shortened	shorten	VERB
iiclr-17445	269	60	or	or	CCONJ
iiclr-17445	269	61	changed	change	VERB
iiclr-17445	269	62	by	by	ADP
iiclr-17445	269	63	introduction	introduction	NOUN
iiclr-17445	269	64	of	of	ADP
iiclr-17445	269	65	new	new	ADJ
iiclr-17445	269	66	prematurity	prematurity	NOUN
iiclr-17445	269	67	redemption	redemption	NOUN
iiclr-17445	269	68	charges	charge	NOUN
iiclr-17445	269	69	to	to	PART
iiclr-17445	269	70	discourage	discourage	VERB
iiclr-17445	269	71	redemption	redemption	NOUN
iiclr-17445	269	72	before	before	ADP
iiclr-17445	269	73	maturity	maturity	NOUN
iiclr-17445	269	74	)	)	PUNCT
iiclr-17445	269	75	;	;	PUNCT
iiclr-17445	269	76	and	and	CCONJ
iiclr-17445	269	77	,	,	PUNCT
iiclr-17445	269	78	(	(	PUNCT
iiclr-17445	269	79	iii	iii	NOUN
iiclr-17445	269	80	)	)	PUNCT
iiclr-17445	269	81	requiring	require	VERB
iiclr-17445	269	82	stock	stock	NOUN
iiclr-17445	269	83	price	price	NOUN
iiclr-17445	269	84	fluctuation	fluctuation	NOUN
iiclr-17445	269	85	reserves	reserve	NOUN
iiclr-17445	269	86	to	to	PART
iiclr-17445	269	87	be	be	AUX
iiclr-17445	269	88	set	set	VERB
iiclr-17445	269	89	aside	aside	ADV
iiclr-17445	269	90	from	from	ADP
iiclr-17445	269	91	60	60	NUM
iiclr-17445	269	92	%	%	NOUN
iiclr-17445	269	93	of	of	ADP
iiclr-17445	269	94	the	the	DET
iiclr-17445	269	95	excess	excess	NOUN
iiclr-17445	269	96	of	of	ADP
iiclr-17445	269	97	net	net	ADJ
iiclr-17445	269	98	asset	asset	NOUN
iiclr-17445	269	99	value	value	NOUN
iiclr-17445	269	100	of	of	ADP
iiclr-17445	269	101	the	the	DET
iiclr-17445	269	102	fund	fund	NOUN
iiclr-17445	269	103	over	over	ADP
iiclr-17445	269	104	the	the	DET
iiclr-17445	269	105	fund	fund	NOUN
iiclr-17445	269	106	's	's	PART
iiclr-17445	269	107	initial	initial	ADJ
iiclr-17445	269	108	offering	offering	NOUN
iiclr-17445	269	109	price	price	NOUN
iiclr-17445	269	110	,	,	PUNCT
iiclr-17445	269	111	with	with	ADP
iiclr-17445	269	112	this	this	DET
iiclr-17445	269	113	amount	amount	NOUN
iiclr-17445	269	114	being	be	AUX
iiclr-17445	269	115	similar	similar	ADJ
iiclr-17445	269	116	in	in	ADP
iiclr-17445	269	117	nature	nature	NOUN
iiclr-17445	269	118	to	to	ADP
iiclr-17445	269	119	retained	retain	VERB
iiclr-17445	269	120	earnings	earning	NOUN
iiclr-17445	269	121	and	and	CCONJ
iiclr-17445	269	122	with	with	SCONJ
iiclr-17445	269	123	this	this	DET
iiclr-17445	269	124	amount	amount	NOUN
iiclr-17445	269	125	to	to	PART
iiclr-17445	269	126	be	be	AUX
iiclr-17445	269	127	invested	invest	VERB
iiclr-17445	269	128	in	in	ADP
iiclr-17445	269	129	instruments	instrument	NOUN
iiclr-17445	269	130	other	other	ADJ
iiclr-17445	269	131	than	than	ADP
iiclr-17445	269	132	stocks	stock	NOUN
iiclr-17445	269	133	.	.	PUNCT
iiclr-17445	270	1	these	these	DET
iiclr-17445	270	2	deeds	deed	NOUN
iiclr-17445	270	3	also	also	ADV
iiclr-17445	270	4	(	(	PUNCT
iiclr-17445	270	5	iv	iv	X
iiclr-17445	270	6	)	)	PUNCT
iiclr-17445	270	7	stipulated	stipulate	VERB
iiclr-17445	270	8	a	a	DET
iiclr-17445	270	9	maximum	maximum	ADJ
iiclr-17445	270	10	percentage	percentage	NOUN
iiclr-17445	270	11	up	up	ADP
iiclr-17445	270	12	to	to	PART
iiclr-17445	270	13	which	which	PRON
iiclr-17445	270	14	stocks	stock	NOUN
iiclr-17445	270	15	of	of	ADP
iiclr-17445	270	16	any	any	DET
iiclr-17445	270	17	one	one	NUM
iiclr-17445	270	18	company	company	NOUN
iiclr-17445	270	19	can	can	AUX
iiclr-17445	270	20	be	be	AUX
iiclr-17445	270	21	bought	buy	VERB
iiclr-17445	270	22	and	and	CCONJ
iiclr-17445	270	23	(	(	PUNCT
iiclr-17445	270	24	v	v	NOUN
iiclr-17445	270	25	)	)	PUNCT
iiclr-17445	270	26	set	set	VERB
iiclr-17445	270	27	a	a	DET
iiclr-17445	270	28	management	management	NOUN
iiclr-17445	270	29	company	company	NOUN
iiclr-17445	270	30	's	's	PART
iiclr-17445	270	31	performance	performance	NOUN
iiclr-17445	270	32	based	base	VERB
iiclr-17445	270	33	fees	fee	NOUN
iiclr-17445	270	34	at	at	ADP
iiclr-17445	270	35	levels	level	NOUN
iiclr-17445	270	36	somewhat	somewhat	ADV
iiclr-17445	270	37	higher	high	ADJ
iiclr-17445	270	38	than	than	ADP
iiclr-17445	270	39	those	those	PRON
iiclr-17445	270	40	for	for	ADP
iiclr-17445	270	41	other	other	ADJ
iiclr-17445	270	42	savings	saving	NOUN
iiclr-17445	270	43	product	product	NOUN
iiclr-17445	270	44	offering	offer	VERB
iiclr-17445	270	45	fixed	fix	VERB
iiclr-17445	270	46	returns	return	NOUN
iiclr-17445	270	47	.	.	PUNCT
iiclr-17445	271	1	(	(	PUNCT
iiclr-17445	271	2	recently	recently	ADV
iiclr-17445	271	3	,	,	PUNCT
iiclr-17445	271	4	this	this	DET
iiclr-17445	271	5	incentive	incentive	NOUN
iiclr-17445	271	6	fee	fee	NOUN
iiclr-17445	271	7	system	system	NOUN
iiclr-17445	271	8	has	have	AUX
iiclr-17445	271	9	been	be	AUX
iiclr-17445	271	10	changed	change	VERB
iiclr-17445	271	11	to	to	ADP
iiclr-17445	271	12	one	one	NUM
iiclr-17445	271	13	based	base	VERB
iiclr-17445	271	14	upon	upon	SCONJ
iiclr-17445	271	15	total	total	ADJ
iiclr-17445	271	16	net	net	ADJ
iiclr-17445	271	17	asset	asset	NOUN
iiclr-17445	271	18	value	value	NOUN
iiclr-17445	271	19	of	of	ADP
iiclr-17445	271	20	management	management	NOUN
iiclr-17445	271	21	companies	company	NOUN
iiclr-17445	271	22	)	)	PUNCT
iiclr-17445	271	23	.	.	PUNCT
iiclr-17445	272	1	the	the	DET
iiclr-17445	272	2	closed	close	VERB
iiclr-17445	272	3	periods	period	NOUN
iiclr-17445	272	4	significantly	significantly	ADV
iiclr-17445	272	5	reduce	reduce	VERB
iiclr-17445	272	6	the	the	DET
iiclr-17445	272	7	liquidity	liquidity	NOUN
iiclr-17445	272	8	of	of	ADP
iiclr-17445	272	9	unit	unit	NOUN
iiclr-17445	272	10	-	-	PUNCT
iiclr-17445	272	11	type	type	NOUN
iiclr-17445	272	12	stock	stock	NOUN
iiclr-17445	272	13	funds	fund	NOUN
iiclr-17445	272	14	which	which	PRON
iiclr-17445	272	15	,	,	PUNCT
iiclr-17445	272	16	once	once	ADV
iiclr-17445	272	17	established	establish	VERB
iiclr-17445	272	18	,	,	PUNCT
iiclr-17445	272	19	accept	accept	VERB
iiclr-17445	272	20	no	no	DET
iiclr-17445	272	21	additional	additional	ADJ
iiclr-17445	272	22	capital	capital	NOUN
iiclr-17445	272	23	from	from	ADP
iiclr-17445	272	24	investors	investor	NOUN
iiclr-17445	272	25	.	.	PUNCT
iiclr-17445	273	1	as	as	SCONJ
iiclr-17445	273	2	mentioned	mention	VERB
iiclr-17445	273	3	earlier	early	ADV
iiclr-17445	273	4	,	,	PUNCT
iiclr-17445	273	5	the	the	DET
iiclr-17445	273	6	most	most	ADV
iiclr-17445	273	7	apt	apt	ADJ
iiclr-17445	273	8	categorization	categorization	NOUN
iiclr-17445	273	9	of	of	ADP
iiclr-17445	273	10	these	these	DET
iiclr-17445	273	11	27	27	NUM
iiclr-17445	273	12	.	.	PUNCT
iiclr-17445	274	1	investment	investment	NOUN
iiclr-17445	274	2	trusts	trust	VERB
iiclr-17445	274	3	association	association	PROPN
iiclr-17445	274	4	of	of	ADP
iiclr-17445	274	5	japan	japan	PROPN
iiclr-17445	274	6	,	,	PUNCT
iiclr-17445	274	7	investment	investment	NOUN
iiclr-17445	274	8	trusts	trust	NOUN
iiclr-17445	274	9	in	in	ADP
iiclr-17445	274	10	japan1990	japan1990	PROPN
iiclr-17445	274	11	4	4	NUM
iiclr-17445	274	12	(	(	PUNCT
iiclr-17445	274	13	1990	1990	NUM
iiclr-17445	274	14	)	)	PUNCT
iiclr-17445	274	15	.	.	PUNCT
iiclr-17445	275	1	28	28	NUM
iiclr-17445	275	2	.	.	NOUN
iiclr-17445	275	3	6	6	NUM
iiclr-17445	276	1	the	the	DET
iiclr-17445	276	2	bank	bank	PROPN
iiclr-17445	276	3	of	of	ADP
iiclr-17445	276	4	japan	japan	PROPN
iiclr-17445	276	5	,	,	PUNCT
iiclr-17445	276	6	nihon	nihon	PROPN
iiclr-17445	276	7	ginkko	ginkko	VERB
iiclr-17445	276	8	hyakunen	hyakunen	PROPN
iiclr-17445	276	9	-	-	PUNCT
iiclr-17445	276	10	shi	shi	PROPN
iiclr-17445	276	11	,	,	PUNCT
iiclr-17445	276	12	dai	dai	PROPN
iiclr-17445	276	13	6	6	NUM
iiclr-17445	276	14	-	-	PUNCT
iiclr-17445	276	15	kan	kan	X
iiclr-17445	276	16	(	(	PUNCT
iiclr-17445	276	17	100	100	NUM
iiclr-17445	276	18	years	year	NOUN
iiclr-17445	276	19	of	of	ADP
iiclr-17445	276	20	the	the	DET
iiclr-17445	276	21	bank	bank	PROPN
iiclr-17445	276	22	of	of	ADP
iiclr-17445	276	23	japan	japan	PROPN
iiclr-17445	276	24	)	)	PUNCT
iiclr-17445	276	25	(	(	PUNCT
iiclr-17445	276	26	1986	1986	NUM
iiclr-17445	276	27	)	)	PUNCT
iiclr-17445	276	28	.	.	PUNCT
iiclr-17445	277	1	[	[	X
iiclr-17445	277	2	vol	vol	NOUN
iiclr-17445	277	3	.	.	PUNCT
iiclr-17445	277	4	2:385	2:385	NUM
iiclr-17445	277	5	japan	japan	PROPN
iiclr-17445	277	6	's	's	PART
iiclr-17445	277	7	investment	investment	NOUN
iiclr-17445	277	8	trust	trust	NOUN
iiclr-17445	277	9	japanese	japanese	ADJ
iiclr-17445	277	10	stock	stock	NOUN
iiclr-17445	277	11	funds	fund	NOUN
iiclr-17445	277	12	is	be	AUX
iiclr-17445	277	13	"	"	PUNCT
iiclr-17445	277	14	semi	semi	ADJ
iiclr-17445	277	15	-	-	ADJ
iiclr-17445	277	16	open	open	ADJ
iiclr-17445	277	17	.	.	PUNCT
iiclr-17445	277	18	"	"	PUNCT
iiclr-17445	278	1	this	this	DET
iiclr-17445	278	2	"	"	PUNCT
iiclr-17445	278	3	semi	semi	ADJ
iiclr-17445	278	4	-	-	ADJ
iiclr-17445	278	5	open	open	ADJ
iiclr-17445	278	6	"	"	PUNCT
iiclr-17445	278	7	quality	quality	NOUN
iiclr-17445	278	8	greatly	greatly	ADV
iiclr-17445	278	9	enhances	enhance	VERB
iiclr-17445	278	10	the	the	DET
iiclr-17445	278	11	stability	stability	NOUN
iiclr-17445	278	12	of	of	ADP
iiclr-17445	278	13	fund	fund	NOUN
iiclr-17445	278	14	management	management	NOUN
iiclr-17445	278	15	by	by	ADP
iiclr-17445	278	16	helping	help	VERB
iiclr-17445	278	17	to	to	PART
iiclr-17445	278	18	maintain	maintain	VERB
iiclr-17445	278	19	the	the	DET
iiclr-17445	278	20	fund	fund	NOUN
iiclr-17445	278	21	's	's	PART
iiclr-17445	278	22	capital	capital	NOUN
iiclr-17445	278	23	base	base	NOUN
iiclr-17445	278	24	.	.	PUNCT
iiclr-17445	279	1	29	29	NUM
iiclr-17445	279	2	characteristic	characteristic	ADJ
iiclr-17445	279	3	(	(	PUNCT
iiclr-17445	279	4	v	v	NOUN
iiclr-17445	279	5	)	)	PUNCT
iiclr-17445	279	6	,	,	PUNCT
iiclr-17445	279	7	incentive	incentive	NOUN
iiclr-17445	279	8	fees	fee	NOUN
iiclr-17445	279	9	constituted	constitute	VERB
iiclr-17445	279	10	a	a	DET
iiclr-17445	279	11	major	major	ADJ
iiclr-17445	279	12	component	component	NOUN
iiclr-17445	279	13	of	of	ADP
iiclr-17445	279	14	the	the	DET
iiclr-17445	279	15	savings	saving	NOUN
iiclr-17445	279	16	orientation	orientation	NOUN
iiclr-17445	279	17	of	of	ADP
iiclr-17445	279	18	japanese	japanese	ADJ
iiclr-17445	279	19	investment	investment	NOUN
iiclr-17445	279	20	trusts	trust	NOUN
iiclr-17445	279	21	until	until	ADP
iiclr-17445	279	22	the	the	DET
iiclr-17445	279	23	modification	modification	NOUN
iiclr-17445	279	24	.	.	PUNCT
iiclr-17445	280	1	these	these	DET
iiclr-17445	280	2	fees	fee	NOUN
iiclr-17445	280	3	led	lead	VERB
iiclr-17445	280	4	investors	investor	NOUN
iiclr-17445	280	5	and	and	CCONJ
iiclr-17445	280	6	some	some	DET
iiclr-17445	280	7	observers	observer	NOUN
iiclr-17445	280	8	to	to	PART
iiclr-17445	280	9	assume	assume	VERB
iiclr-17445	280	10	that	that	SCONJ
iiclr-17445	280	11	japanese	japanese	ADJ
iiclr-17445	280	12	investment	investment	NOUN
iiclr-17445	280	13	trust	trust	NOUN
iiclr-17445	280	14	management	management	NOUN
iiclr-17445	280	15	companies	company	NOUN
iiclr-17445	280	16	manage	manage	VERB
iiclr-17445	280	17	their	their	PRON
iiclr-17445	280	18	funds	fund	NOUN
iiclr-17445	280	19	in	in	ADP
iiclr-17445	280	20	unique	unique	ADJ
iiclr-17445	280	21	ways	way	NOUN
iiclr-17445	280	22	,	,	PUNCT
iiclr-17445	280	23	including	include	VERB
iiclr-17445	280	24	anticipating	anticipate	VERB
iiclr-17445	280	25	returns	return	NOUN
iiclr-17445	280	26	within	within	ADP
iiclr-17445	280	27	a	a	DET
iiclr-17445	280	28	certain	certain	ADJ
iiclr-17445	280	29	range	range	NOUN
iiclr-17445	280	30	and	and	CCONJ
iiclr-17445	280	31	using	use	VERB
iiclr-17445	280	32	techniques	technique	NOUN
iiclr-17445	280	33	similar	similar	ADJ
iiclr-17445	280	34	to	to	ADP
iiclr-17445	280	35	portfolio	portfolio	NOUN
iiclr-17445	280	36	insurance	insurance	NOUN
iiclr-17445	280	37	.	.	PUNCT
iiclr-17445	281	1	30	30	NUM
iiclr-17445	281	2	such	such	ADJ
iiclr-17445	281	3	perceptions	perception	NOUN
iiclr-17445	281	4	are	be	AUX
iiclr-17445	281	5	in	in	ADP
iiclr-17445	281	6	contrast	contrast	NOUN
iiclr-17445	281	7	with	with	ADP
iiclr-17445	281	8	the	the	DET
iiclr-17445	281	9	basic	basic	ADJ
iiclr-17445	281	10	concepts	concept	NOUN
iiclr-17445	281	11	underlying	underlie	VERB
iiclr-17445	281	12	collective	collective	ADJ
iiclr-17445	281	13	securities	security	NOUN
iiclr-17445	281	14	investment	investment	NOUN
iiclr-17445	281	15	schemes	scheme	NOUN
iiclr-17445	281	16	such	such	ADJ
iiclr-17445	281	17	as	as	ADP
iiclr-17445	281	18	the	the	DET
iiclr-17445	281	19	unit	unit	NOUN
iiclr-17445	281	20	trust	trust	NOUN
iiclr-17445	281	21	in	in	ADP
iiclr-17445	281	22	great	great	ADJ
iiclr-17445	281	23	britain	britain	PROPN
iiclr-17445	281	24	and	and	CCONJ
iiclr-17445	281	25	the	the	DET
iiclr-17445	281	26	mutual	mutual	ADJ
iiclr-17445	281	27	fund	fund	NOUN
iiclr-17445	281	28	in	in	ADP
iiclr-17445	281	29	the	the	DET
iiclr-17445	281	30	united	united	PROPN
iiclr-17445	281	31	states	states	PROPN
iiclr-17445	281	32	.	.	PUNCT
iiclr-17445	282	1	these	these	DET
iiclr-17445	282	2	investment	investment	NOUN
iiclr-17445	282	3	schemes	scheme	NOUN
iiclr-17445	282	4	are	be	AUX
iiclr-17445	282	5	defined	define	VERB
iiclr-17445	282	6	as	as	ADP
iiclr-17445	282	7	a	a	DET
iiclr-17445	282	8	tool	tool	NOUN
iiclr-17445	282	9	for	for	SCONJ
iiclr-17445	282	10	individuals	individual	NOUN
iiclr-17445	282	11	to	to	PART
iiclr-17445	282	12	seek	seek	VERB
iiclr-17445	282	13	volatile	volatile	ADJ
iiclr-17445	282	14	capital	capital	NOUN
iiclr-17445	282	15	gains	gain	NOUN
iiclr-17445	282	16	and	and	CCONJ
iiclr-17445	282	17	annual	annual	ADJ
iiclr-17445	282	18	trust	trust	NOUN
iiclr-17445	282	19	income	income	NOUN
iiclr-17445	282	20	at	at	ADP
iiclr-17445	282	21	their	their	PRON
iiclr-17445	282	22	own	own	ADJ
iiclr-17445	282	23	risk	risk	NOUN
iiclr-17445	282	24	,	,	PUNCT
iiclr-17445	282	25	assuming	assume	VERB
iiclr-17445	282	26	that	that	SCONJ
iiclr-17445	282	27	the	the	DET
iiclr-17445	282	28	appropriate	appropriate	ADJ
iiclr-17445	282	29	disclosures	disclosure	NOUN
iiclr-17445	282	30	required	require	VERB
iiclr-17445	282	31	by	by	ADP
iiclr-17445	282	32	regulatory	regulatory	ADJ
iiclr-17445	282	33	authorities	authority	NOUN
iiclr-17445	282	34	have	have	AUX
iiclr-17445	282	35	been	be	AUX
iiclr-17445	282	36	made	make	VERB
iiclr-17445	282	37	.	.	PUNCT
iiclr-17445	283	1	the	the	DET
iiclr-17445	283	2	japanese	japanese	PROPN
iiclr-17445	283	3	are	be	AUX
iiclr-17445	283	4	sensitive	sensitive	ADJ
iiclr-17445	283	5	about	about	ADP
iiclr-17445	283	6	the	the	DET
iiclr-17445	283	7	preservation	preservation	NOUN
iiclr-17445	283	8	of	of	ADP
iiclr-17445	283	9	principal	principal	NOUN
iiclr-17445	283	10	and	and	CCONJ
iiclr-17445	283	11	they	they	PRON
iiclr-17445	283	12	favor	favor	VERB
iiclr-17445	283	13	savings	saving	NOUN
iiclr-17445	283	14	vehicles	vehicle	NOUN
iiclr-17445	283	15	which	which	PRON
iiclr-17445	283	16	offer	offer	VERB
iiclr-17445	283	17	fixed	fix	VERB
iiclr-17445	283	18	interest	interest	NOUN
iiclr-17445	283	19	income	income	NOUN
iiclr-17445	283	20	.	.	PUNCT
iiclr-17445	284	1	to	to	PART
iiclr-17445	284	2	accommodate	accommodate	VERB
iiclr-17445	284	3	this	this	DET
iiclr-17445	284	4	investor	investor	NOUN
iiclr-17445	284	5	preference	preference	NOUN
iiclr-17445	284	6	,	,	PUNCT
iiclr-17445	284	7	unit	unit	NOUN
iiclr-17445	284	8	-	-	PUNCT
iiclr-17445	284	9	type	type	NOUN
iiclr-17445	284	10	stock	stock	NOUN
iiclr-17445	284	11	investment	investment	NOUN
iiclr-17445	284	12	trusts	trust	NOUN
iiclr-17445	284	13	were	be	AUX
iiclr-17445	284	14	designed	design	VERB
iiclr-17445	284	15	so	so	SCONJ
iiclr-17445	284	16	as	as	SCONJ
iiclr-17445	284	17	to	to	PART
iiclr-17445	284	18	anticipate	anticipate	VERB
iiclr-17445	284	19	(	(	PUNCT
iiclr-17445	284	20	or	or	CCONJ
iiclr-17445	284	21	target	target	VERB
iiclr-17445	284	22	)	)	PUNCT
iiclr-17445	284	23	returns	return	NOUN
iiclr-17445	284	24	within	within	ADP
iiclr-17445	284	25	a	a	DET
iiclr-17445	284	26	certain	certain	ADJ
iiclr-17445	284	27	range	range	NOUN
iiclr-17445	284	28	,	,	PUNCT
iiclr-17445	284	29	despite	despite	SCONJ
iiclr-17445	284	30	their	their	PRON
iiclr-17445	284	31	inherently	inherently	ADV
iiclr-17445	284	32	volatile	volatile	ADJ
iiclr-17445	284	33	nature	nature	NOUN
iiclr-17445	284	34	and	and	CCONJ
iiclr-17445	284	35	to	to	PART
iiclr-17445	284	36	achieve	achieve	VERB
iiclr-17445	284	37	as	as	ADV
iiclr-17445	284	38	much	much	ADJ
iiclr-17445	284	39	stability	stability	NOUN
iiclr-17445	284	40	as	as	ADP
iiclr-17445	284	41	possible	possible	ADJ
iiclr-17445	284	42	in	in	ADP
iiclr-17445	284	43	asset	asset	NOUN
iiclr-17445	284	44	management	management	NOUN
iiclr-17445	284	45	by	by	ADP
iiclr-17445	284	46	establishing	establish	VERB
iiclr-17445	284	47	closed	closed	ADJ
iiclr-17445	284	48	periods	period	NOUN
iiclr-17445	284	49	of	of	ADP
iiclr-17445	284	50	two	two	NUM
iiclr-17445	284	51	to	to	PART
iiclr-17445	284	52	three	three	NUM
iiclr-17445	284	53	years	year	NOUN
iiclr-17445	284	54	.	.	PUNCT
iiclr-17445	285	1	by	by	ADP
iiclr-17445	285	2	adopting	adopt	VERB
iiclr-17445	285	3	this	this	DET
iiclr-17445	285	4	philosophy	philosophy	NOUN
iiclr-17445	285	5	,	,	PUNCT
iiclr-17445	285	6	unit	unit	NOUN
iiclr-17445	285	7	-	-	PUNCT
iiclr-17445	285	8	type	type	NOUN
iiclr-17445	285	9	stock	stock	NOUN
iiclr-17445	285	10	funds	fund	NOUN
iiclr-17445	285	11	tried	try	VERB
iiclr-17445	285	12	to	to	PART
iiclr-17445	285	13	build	build	VERB
iiclr-17445	285	14	a	a	DET
iiclr-17445	285	15	"	"	PUNCT
iiclr-17445	285	16	floor	floor	NOUN
iiclr-17445	285	17	"	"	PUNCT
iiclr-17445	285	18	below	below	ADP
iiclr-17445	285	19	which	which	PRON
iiclr-17445	285	20	their	their	PRON
iiclr-17445	285	21	performance	performance	NOUN
iiclr-17445	285	22	would	would	AUX
iiclr-17445	285	23	not	not	PART
iiclr-17445	285	24	fall	fall	VERB
iiclr-17445	285	25	,	,	PUNCT
iiclr-17445	285	26	so	so	SCONJ
iiclr-17445	285	27	as	as	SCONJ
iiclr-17445	285	28	to	to	PART
iiclr-17445	285	29	secure	secure	VERB
iiclr-17445	285	30	income	income	NOUN
iiclr-17445	285	31	stability	stability	NOUN
iiclr-17445	285	32	even	even	ADV
iiclr-17445	285	33	in	in	ADP
iiclr-17445	285	34	the	the	DET
iiclr-17445	285	35	worst	bad	ADJ
iiclr-17445	285	36	market	market	NOUN
iiclr-17445	285	37	conditions	condition	NOUN
iiclr-17445	285	38	.	.	PUNCT
iiclr-17445	286	1	to	to	ADP
iiclr-17445	286	2	this	this	DET
iiclr-17445	286	3	end	end	NOUN
iiclr-17445	286	4	,	,	PUNCT
iiclr-17445	286	5	they	they	PRON
iiclr-17445	286	6	maintained	maintain	VERB
iiclr-17445	286	7	meticulously	meticulously	ADV
iiclr-17445	286	8	calculated	calculate	VERB
iiclr-17445	286	9	portfolios	portfolio	NOUN
iiclr-17445	286	10	in	in	ADP
iiclr-17445	286	11	which	which	PRON
iiclr-17445	286	12	bonds	bond	NOUN
iiclr-17445	286	13	,	,	PUNCT
iiclr-17445	286	14	because	because	SCONJ
iiclr-17445	286	15	of	of	ADP
iiclr-17445	286	16	their	their	PRON
iiclr-17445	286	17	stable	stable	ADJ
iiclr-17445	286	18	income	income	NOUN
iiclr-17445	286	19	gains	gain	NOUN
iiclr-17445	286	20	potential	potential	NOUN
iiclr-17445	286	21	,	,	PUNCT
iiclr-17445	286	22	formed	form	VERB
iiclr-17445	286	23	the	the	DET
iiclr-17445	286	24	core	core	NOUN
iiclr-17445	286	25	.	.	PUNCT
iiclr-17445	287	1	they	they	PRON
iiclr-17445	287	2	were	be	AUX
iiclr-17445	287	3	then	then	ADV
iiclr-17445	287	4	mixed	mix	VERB
iiclr-17445	287	5	at	at	ADP
iiclr-17445	287	6	various	various	ADJ
iiclr-17445	287	7	ratios	ratio	NOUN
iiclr-17445	287	8	with	with	ADP
iiclr-17445	287	9	stocks	stock	NOUN
iiclr-17445	287	10	that	that	PRON
iiclr-17445	287	11	offered	offer	VERB
iiclr-17445	287	12	the	the	DET
iiclr-17445	287	13	possibility	possibility	NOUN
iiclr-17445	287	14	of	of	ADP
iiclr-17445	287	15	variable	variable	ADJ
iiclr-17445	287	16	capital	capital	NOUN
iiclr-17445	287	17	gains	gain	NOUN
iiclr-17445	287	18	.	.	PUNCT
iiclr-17445	288	1	the	the	DET
iiclr-17445	288	2	savings	saving	NOUN
iiclr-17445	288	3	orientation	orientation	NOUN
iiclr-17445	288	4	of	of	ADP
iiclr-17445	288	5	unit	unit	NOUN
iiclr-17445	288	6	-	-	PUNCT
iiclr-17445	288	7	type	type	NOUN
iiclr-17445	288	8	stock	stock	NOUN
iiclr-17445	288	9	funds	fund	NOUN
iiclr-17445	288	10	is	be	AUX
iiclr-17445	288	11	even	even	ADV
iiclr-17445	288	12	further	far	ADV
iiclr-17445	288	13	enhanced	enhance	VERB
iiclr-17445	288	14	by	by	ADP
iiclr-17445	288	15	the	the	DET
iiclr-17445	288	16	taxation	taxation	NOUN
iiclr-17445	288	17	system	system	NOUN
iiclr-17445	288	18	.	.	PUNCT
iiclr-17445	289	1	although	although	SCONJ
iiclr-17445	289	2	japan	japan	PROPN
iiclr-17445	289	3	's	's	PART
iiclr-17445	289	4	tax	tax	NOUN
iiclr-17445	289	5	treatment	treatment	NOUN
iiclr-17445	289	6	may	may	AUX
iiclr-17445	289	7	be	be	AUX
iiclr-17445	289	8	unique	unique	ADJ
iiclr-17445	289	9	and	and	CCONJ
iiclr-17445	289	10	different	different	ADJ
iiclr-17445	289	11	from	from	ADP
iiclr-17445	289	12	those	those	DET
iiclr-17445	289	13	accorded	accord	VERB
iiclr-17445	289	14	investment	investment	NOUN
iiclr-17445	289	15	trusts	trust	NOUN
iiclr-17445	289	16	in	in	ADP
iiclr-17445	289	17	other	other	ADJ
iiclr-17445	289	18	countries	country	NOUN
iiclr-17445	289	19	,	,	PUNCT
iiclr-17445	289	20	it	it	PRON
iiclr-17445	289	21	has	have	AUX
iiclr-17445	289	22	fairly	fairly	ADV
iiclr-17445	289	23	well	well	ADV
iiclr-17445	289	24	matched	match	VERB
iiclr-17445	289	25	and	and	CCONJ
iiclr-17445	289	26	served	serve	VERB
iiclr-17445	289	27	the	the	DET
iiclr-17445	289	28	actual	actual	ADJ
iiclr-17445	289	29	stages	stage	NOUN
iiclr-17445	289	30	of	of	ADP
iiclr-17445	289	31	development	development	NOUN
iiclr-17445	289	32	in	in	ADP
iiclr-17445	289	33	japan	japan	PROPN
iiclr-17445	289	34	's	's	PART
iiclr-17445	289	35	social	social	ADJ
iiclr-17445	289	36	economy	economy	NOUN
iiclr-17445	289	37	.	.	PUNCT
iiclr-17445	290	1	in	in	ADP
iiclr-17445	290	2	general	general	ADJ
iiclr-17445	290	3	,	,	PUNCT
iiclr-17445	290	4	japanese	japanese	ADJ
iiclr-17445	290	5	investment	investment	NOUN
iiclr-17445	290	6	29	29	NUM
iiclr-17445	290	7	..	..	PUNCT
iiclr-17445	290	8	for	for	ADP
iiclr-17445	290	9	example	example	NOUN
iiclr-17445	290	10	,	,	PUNCT
iiclr-17445	290	11	on	on	ADP
iiclr-17445	290	12	black	black	ADJ
iiclr-17445	290	13	monday	monday	PROPN
iiclr-17445	290	14	of	of	ADP
iiclr-17445	290	15	1987	1987	NUM
iiclr-17445	290	16	,	,	PUNCT
iiclr-17445	290	17	a	a	DET
iiclr-17445	290	18	substantial	substantial	ADJ
iiclr-17445	290	19	portion	portion	NOUN
iiclr-17445	290	20	of	of	ADP
iiclr-17445	290	21	the	the	DET
iiclr-17445	290	22	balance	balance	NOUN
iiclr-17445	290	23	of	of	ADP
iiclr-17445	290	24	japan	japan	PROPN
iiclr-17445	290	25	's	's	PART
iiclr-17445	290	26	stock	stock	NOUN
iiclr-17445	290	27	investment	investment	NOUN
iiclr-17445	290	28	trust	trust	NOUN
iiclr-17445	290	29	funds	fund	NOUN
iiclr-17445	290	30	were	be	AUX
iiclr-17445	290	31	in	in	ADP
iiclr-17445	290	32	their	their	PRON
iiclr-17445	290	33	closed	close	VERB
iiclr-17445	290	34	periods	period	NOUN
iiclr-17445	290	35	.	.	PUNCT
iiclr-17445	291	1	therefore	therefore	ADV
iiclr-17445	291	2	,	,	PUNCT
iiclr-17445	291	3	instead	instead	ADV
iiclr-17445	291	4	of	of	ADP
iiclr-17445	291	5	cashing	cash	VERB
iiclr-17445	291	6	their	their	PRON
iiclr-17445	291	7	stockholdings	stockholding	NOUN
iiclr-17445	291	8	due	due	ADP
iiclr-17445	291	9	to	to	ADP
iiclr-17445	291	10	early	early	ADJ
iiclr-17445	291	11	investor	investor	NOUN
iiclr-17445	291	12	redemption	redemption	NOUN
iiclr-17445	291	13	,	,	PUNCT
iiclr-17445	291	14	the	the	DET
iiclr-17445	291	15	trust	trust	NOUN
iiclr-17445	291	16	funds	fund	NOUN
iiclr-17445	291	17	could	could	AUX
iiclr-17445	291	18	buy	buy	VERB
iiclr-17445	291	19	stocks	stock	NOUN
iiclr-17445	291	20	at	at	ADP
iiclr-17445	291	21	good	good	ADJ
iiclr-17445	291	22	bargain	bargain	NOUN
iiclr-17445	291	23	prices	price	NOUN
iiclr-17445	291	24	.	.	PUNCT
iiclr-17445	292	1	in	in	ADP
iiclr-17445	292	2	fact	fact	NOUN
iiclr-17445	292	3	,	,	PUNCT
iiclr-17445	292	4	the	the	DET
iiclr-17445	292	5	current	current	ADJ
iiclr-17445	292	6	consensus	consensus	NOUN
iiclr-17445	292	7	is	be	AUX
iiclr-17445	292	8	that	that	SCONJ
iiclr-17445	292	9	such	such	ADJ
iiclr-17445	292	10	behavior	behavior	NOUN
iiclr-17445	292	11	was	be	AUX
iiclr-17445	292	12	a	a	DET
iiclr-17445	292	13	factor	factor	NOUN
iiclr-17445	292	14	in	in	ADP
iiclr-17445	292	15	keeping	keep	VERB
iiclr-17445	292	16	the	the	DET
iiclr-17445	292	17	tokyo	tokyo	PROPN
iiclr-17445	292	18	stock	stock	NOUN
iiclr-17445	292	19	market	market	NOUN
iiclr-17445	292	20	in	in	ADP
iiclr-17445	292	21	relative	relative	ADJ
iiclr-17445	292	22	calm	calm	NOUN
iiclr-17445	292	23	while	while	SCONJ
iiclr-17445	292	24	other	other	ADJ
iiclr-17445	292	25	markets	market	NOUN
iiclr-17445	292	26	experienced	experience	VERB
iiclr-17445	292	27	greater	great	ADJ
iiclr-17445	292	28	downturns	downturn	NOUN
iiclr-17445	292	29	.	.	PUNCT
iiclr-17445	293	1	30	30	NUM
iiclr-17445	293	2	.	.	PUNCT
iiclr-17445	294	1	one	one	NUM
iiclr-17445	294	2	such	such	ADJ
iiclr-17445	294	3	observer	observer	NOUN
iiclr-17445	294	4	was	be	AUX
iiclr-17445	294	5	professor	professor	NOUN
iiclr-17445	294	6	john	john	PROPN
iiclr-17445	294	7	matatko	matatko	PROPN
iiclr-17445	294	8	of	of	ADP
iiclr-17445	294	9	exeter	exeter	PROPN
iiclr-17445	294	10	university	university	PROPN
iiclr-17445	294	11	of	of	ADP
iiclr-17445	294	12	great	great	ADJ
iiclr-17445	294	13	britain	britain	PROPN
iiclr-17445	294	14	.	.	PUNCT
iiclr-17445	295	1	19921	19921	NUM
iiclr-17445	295	2	ind	ind	NOUN
iiclr-17445	295	3	.	.	PUNCT
iiclr-17445	296	1	int'l	int'l	PROPN
iiclr-17445	296	2	&	&	CCONJ
iiclr-17445	296	3	comp	comp	PROPN
iiclr-17445	296	4	.	.	PUNCT
iiclr-17445	297	1	l.	l.	PROPN
iiclr-17445	297	2	re.v	re.v	PROPN
iiclr-17445	297	3	.	.	PUNCT
iiclr-17445	298	1	trusts	trust	VERB
iiclr-17445	298	2	funds	fund	NOUN
iiclr-17445	298	3	are	be	AUX
iiclr-17445	298	4	not	not	PART
iiclr-17445	298	5	regarded	regard	VERB
iiclr-17445	298	6	as	as	ADP
iiclr-17445	298	7	independent	independent	ADJ
iiclr-17445	298	8	taxable	taxable	ADJ
iiclr-17445	298	9	entities	entity	NOUN
iiclr-17445	298	10	;	;	PUNCT
iiclr-17445	298	11	instead	instead	ADV
iiclr-17445	298	12	,	,	PUNCT
iiclr-17445	298	13	investors	investor	NOUN
iiclr-17445	298	14	are	be	AUX
iiclr-17445	298	15	taxed	tax	VERB
iiclr-17445	298	16	when	when	SCONJ
iiclr-17445	298	17	they	they	PRON
iiclr-17445	298	18	receive	receive	VERB
iiclr-17445	298	19	the	the	DET
iiclr-17445	298	20	payments	payment	NOUN
iiclr-17445	298	21	of	of	ADP
iiclr-17445	298	22	distributions	distribution	NOUN
iiclr-17445	298	23	(	(	PUNCT
iiclr-17445	298	24	income	income	NOUN
iiclr-17445	298	25	distributions	distribution	NOUN
iiclr-17445	298	26	and	and	CCONJ
iiclr-17445	298	27	capital	capital	NOUN
iiclr-17445	298	28	gains	gain	NOUN
iiclr-17445	298	29	from	from	ADP
iiclr-17445	298	30	trades	trade	NOUN
iiclr-17445	298	31	or	or	CCONJ
iiclr-17445	298	32	redemptions	redemption	NOUN
iiclr-17445	298	33	)	)	PUNCT
iiclr-17445	298	34	from	from	ADP
iiclr-17445	298	35	investment	investment	NOUN
iiclr-17445	298	36	trusts	trust	NOUN
iiclr-17445	298	37	.	.	PUNCT
iiclr-17445	299	1	and	and	CCONJ
iiclr-17445	299	2	those	those	DET
iiclr-17445	299	3	distributions	distribution	NOUN
iiclr-17445	299	4	are	be	AUX
iiclr-17445	299	5	treated	treat	VERB
iiclr-17445	299	6	as	as	ADP
iiclr-17445	299	7	separate	separate	ADJ
iiclr-17445	299	8	,	,	PUNCT
iiclr-17445	299	9	single	single	ADJ
iiclr-17445	299	10	dividend	dividend	NOUN
iiclr-17445	299	11	income	income	NOUN
iiclr-17445	299	12	(	(	PUNCT
iiclr-17445	299	13	in	in	ADP
iiclr-17445	299	14	the	the	DET
iiclr-17445	299	15	case	case	NOUN
iiclr-17445	299	16	of	of	ADP
iiclr-17445	299	17	stock	stock	NOUN
iiclr-17445	299	18	funds	fund	NOUN
iiclr-17445	299	19	)	)	PUNCT
iiclr-17445	299	20	or	or	CCONJ
iiclr-17445	299	21	interest	interest	NOUN
iiclr-17445	299	22	income	income	NOUN
iiclr-17445	299	23	(	(	PUNCT
iiclr-17445	299	24	in	in	ADP
iiclr-17445	299	25	the	the	DET
iiclr-17445	299	26	case	case	NOUN
iiclr-17445	299	27	of	of	ADP
iiclr-17445	299	28	bond	bond	NOUN
iiclr-17445	299	29	funds	fund	NOUN
iiclr-17445	299	30	)	)	PUNCT
iiclr-17445	299	31	without	without	ADP
iiclr-17445	299	32	regard	regard	NOUN
iiclr-17445	299	33	to	to	ADP
iiclr-17445	299	34	the	the	DET
iiclr-17445	299	35	sources	source	NOUN
iiclr-17445	299	36	of	of	ADP
iiclr-17445	299	37	original	original	ADJ
iiclr-17445	299	38	incomes	income	NOUN
iiclr-17445	299	39	(	(	PUNCT
iiclr-17445	299	40	interest	interest	NOUN
iiclr-17445	299	41	,	,	PUNCT
iiclr-17445	299	42	dividend	dividend	NOUN
iiclr-17445	299	43	or	or	CCONJ
iiclr-17445	299	44	capital	capital	NOUN
iiclr-17445	299	45	gains	gain	NOUN
iiclr-17445	299	46	)	)	PUNCT
iiclr-17445	299	47	and	and	CCONJ
iiclr-17445	299	48	without	without	ADP
iiclr-17445	299	49	being	be	AUX
iiclr-17445	299	50	combined	combine	VERB
iiclr-17445	299	51	with	with	ADP
iiclr-17445	299	52	other	other	ADJ
iiclr-17445	299	53	incomes	income	NOUN
iiclr-17445	299	54	.	.	PUNCT
iiclr-17445	300	1	at	at	ADP
iiclr-17445	300	2	times	time	NOUN
iiclr-17445	300	3	,	,	PUNCT
iiclr-17445	300	4	this	this	PRON
iiclr-17445	300	5	separate	separate	ADJ
iiclr-17445	300	6	taxation	taxation	NOUN
iiclr-17445	300	7	prompts	prompt	VERB
iiclr-17445	300	8	foreign	foreign	ADJ
iiclr-17445	300	9	tax	tax	NOUN
iiclr-17445	300	10	experts	expert	NOUN
iiclr-17445	300	11	to	to	PART
iiclr-17445	300	12	ask	ask	VERB
iiclr-17445	300	13	if	if	SCONJ
iiclr-17445	300	14	japan	japan	PROPN
iiclr-17445	300	15	's	's	PART
iiclr-17445	300	16	individual	individual	ADJ
iiclr-17445	300	17	income	income	NOUN
iiclr-17445	300	18	taxation	taxation	NOUN
iiclr-17445	300	19	adopts	adopt	VERB
iiclr-17445	300	20	a	a	DET
iiclr-17445	300	21	"	"	PUNCT
iiclr-17445	300	22	scheduler	scheduler	NOUN
iiclr-17445	300	23	"	"	PUNCT
iiclr-17445	300	24	rather	rather	ADV
iiclr-17445	300	25	than	than	ADP
iiclr-17445	300	26	a	a	DET
iiclr-17445	300	27	global	global	ADJ
iiclr-17445	300	28	income	income	NOUN
iiclr-17445	300	29	approach	approach	NOUN
iiclr-17445	300	30	.	.	PUNCT
iiclr-17445	301	1	in	in	ADP
iiclr-17445	301	2	the	the	DET
iiclr-17445	301	3	united	united	PROPN
iiclr-17445	301	4	states	states	PROPN
iiclr-17445	301	5	,	,	PUNCT
iiclr-17445	301	6	distributions	distribution	NOUN
iiclr-17445	301	7	of	of	ADP
iiclr-17445	301	8	incomes	income	NOUN
iiclr-17445	301	9	derived	derive	VERB
iiclr-17445	301	10	at	at	ADP
iiclr-17445	301	11	investment	investment	NOUN
iiclr-17445	301	12	companies	company	NOUN
iiclr-17445	301	13	are	be	AUX
iiclr-17445	301	14	taxed	tax	VERB
iiclr-17445	301	15	on	on	ADP
iiclr-17445	301	16	investors	investor	NOUN
iiclr-17445	301	17	according	accord	VERB
iiclr-17445	301	18	to	to	ADP
iiclr-17445	301	19	the	the	DET
iiclr-17445	301	20	income	income	NOUN
iiclr-17445	301	21	source	source	NOUN
iiclr-17445	301	22	,	,	PUNCT
iiclr-17445	301	23	such	such	ADJ
iiclr-17445	301	24	as	as	ADP
iiclr-17445	301	25	interest	interest	NOUN
iiclr-17445	301	26	,	,	PUNCT
iiclr-17445	301	27	dividend	dividend	NOUN
iiclr-17445	301	28	and	and	CCONJ
iiclr-17445	301	29	capital	capital	NOUN
iiclr-17445	301	30	gains	gain	NOUN
iiclr-17445	301	31	,	,	PUNCT
iiclr-17445	301	32	a	a	DET
iiclr-17445	301	33	practice	practice	NOUN
iiclr-17445	301	34	based	base	VERB
iiclr-17445	301	35	on	on	ADP
iiclr-17445	301	36	the	the	DET
iiclr-17445	301	37	socalled	socalled	ADJ
iiclr-17445	301	38	"	"	PUNCT
iiclr-17445	301	39	conduit	conduit	NOUN
iiclr-17445	301	40	theory	theory	NOUN
iiclr-17445	301	41	.	.	PUNCT
iiclr-17445	301	42	"	"	PUNCT
iiclr-17445	302	1	in	in	ADP
iiclr-17445	302	2	fact	fact	NOUN
iiclr-17445	302	3	,	,	PUNCT
iiclr-17445	302	4	a	a	DET
iiclr-17445	302	5	mutual	mutual	ADJ
iiclr-17445	302	6	fund	fund	NOUN
iiclr-17445	302	7	acts	act	VERB
iiclr-17445	302	8	as	as	ADP
iiclr-17445	302	9	a	a	DET
iiclr-17445	302	10	piece	piece	NOUN
iiclr-17445	302	11	of	of	ADP
iiclr-17445	302	12	conduit	conduit	NOUN
iiclr-17445	302	13	linking	link	VERB
iiclr-17445	302	14	its	its	PRON
iiclr-17445	302	15	shareholders	shareholder	NOUN
iiclr-17445	302	16	and	and	CCONJ
iiclr-17445	302	17	the	the	DET
iiclr-17445	302	18	securities	security	NOUN
iiclr-17445	302	19	in	in	ADP
iiclr-17445	302	20	its	its	PRON
iiclr-17445	302	21	portfolio	portfolio	NOUN
iiclr-17445	302	22	.	.	PUNCT
iiclr-17445	303	1	"	"	PUNCT
iiclr-17445	303	2	mutual	mutual	ADJ
iiclr-17445	303	3	fund	fund	NOUN
iiclr-17445	303	4	shareholders	shareholder	NOUN
iiclr-17445	303	5	are	be	AUX
iiclr-17445	303	6	generally	generally	ADV
iiclr-17445	303	7	treated	treat	VERB
iiclr-17445	303	8	as	as	SCONJ
iiclr-17445	303	9	if	if	SCONJ
iiclr-17445	303	10	they	they	PRON
iiclr-17445	303	11	directly	directly	ADV
iiclr-17445	303	12	held	hold	VERB
iiclr-17445	303	13	the	the	DET
iiclr-17445	303	14	securities	security	NOUN
iiclr-17445	303	15	in	in	ADP
iiclr-17445	303	16	the	the	DET
iiclr-17445	303	17	fund	fund	NOUN
iiclr-17445	303	18	's	's	PART
iiclr-17445	303	19	portfolio	portfolio	NOUN
iiclr-17445	303	20	"	"	PUNCT
iiclr-17445	303	21	so	so	SCONJ
iiclr-17445	303	22	that	that	SCONJ
iiclr-17445	303	23	"	"	PUNCT
iiclr-17445	303	24	an	an	DET
iiclr-17445	303	25	extra	extra	ADJ
iiclr-17445	303	26	layer	layer	NOUN
iiclr-17445	303	27	of	of	ADP
iiclr-17445	303	28	taxation	taxation	NOUN
iiclr-17445	303	29	is	be	AUX
iiclr-17445	303	30	avoided	avoid	VERB
iiclr-17445	303	31	.	.	PUNCT
iiclr-17445	303	32	"	"	PUNCT
iiclr-17445	304	1	31	31	NUM
iiclr-17445	304	2	as	as	SCONJ
iiclr-17445	304	3	described	describe	VERB
iiclr-17445	304	4	,	,	PUNCT
iiclr-17445	304	5	japanese	japanese	ADJ
iiclr-17445	304	6	investment	investment	NOUN
iiclr-17445	304	7	trusts	trust	NOUN
iiclr-17445	304	8	are	be	AUX
iiclr-17445	304	9	taxed	tax	VERB
iiclr-17445	304	10	at	at	ADP
iiclr-17445	304	11	the	the	DET
iiclr-17445	304	12	investor	investor	NOUN
iiclr-17445	304	13	level	level	NOUN
iiclr-17445	304	14	rather	rather	ADV
iiclr-17445	304	15	than	than	ADP
iiclr-17445	304	16	the	the	DET
iiclr-17445	304	17	fund	fund	NOUN
iiclr-17445	304	18	level	level	NOUN
iiclr-17445	304	19	to	to	PART
iiclr-17445	304	20	alleviate	alleviate	VERB
iiclr-17445	304	21	any	any	DET
iiclr-17445	304	22	problem	problem	NOUN
iiclr-17445	304	23	of	of	ADP
iiclr-17445	304	24	double	double	ADJ
iiclr-17445	304	25	taxation.3	taxation.3	PROPN
iiclr-17445	304	26	2	2	NUM
iiclr-17445	304	27	the	the	DET
iiclr-17445	304	28	basic	basic	ADJ
iiclr-17445	304	29	formula	formula	NOUN
iiclr-17445	304	30	for	for	ADP
iiclr-17445	304	31	taxation	taxation	NOUN
iiclr-17445	304	32	at	at	ADP
iiclr-17445	304	33	the	the	DET
iiclr-17445	304	34	investor	investor	NOUN
iiclr-17445	304	35	level	level	NOUN
iiclr-17445	304	36	is	be	AUX
iiclr-17445	304	37	called	call	VERB
iiclr-17445	304	38	31	31	NUM
iiclr-17445	304	39	.	.	PUNCT
iiclr-17445	305	1	u.s	u.s	PROPN
iiclr-17445	305	2	.	.	PROPN
iiclr-17445	305	3	investment	investment	PROPN
iiclr-17445	305	4	company	company	PROPN
iiclr-17445	305	5	institute	institute	PROPN
iiclr-17445	305	6	,	,	PUNCT
iiclr-17445	305	7	supra	supra	PROPN
iiclr-17445	305	8	note	note	PROPN
iiclr-17445	305	9	2	2	NUM
iiclr-17445	305	10	,	,	PUNCT
iiclr-17445	305	11	at	at	ADP
iiclr-17445	305	12	41	41	NUM
iiclr-17445	305	13	.	.	PUNCT
iiclr-17445	306	1	in	in	ADP
iiclr-17445	306	2	order	order	NOUN
iiclr-17445	306	3	for	for	SCONJ
iiclr-17445	306	4	u.s	u.s	PROPN
iiclr-17445	306	5	.	.	PROPN
iiclr-17445	306	6	mutual	mutual	ADJ
iiclr-17445	306	7	funds	fund	NOUN
iiclr-17445	306	8	to	to	PART
iiclr-17445	306	9	be	be	AUX
iiclr-17445	306	10	treated	treat	VERB
iiclr-17445	306	11	as	as	ADP
iiclr-17445	306	12	conduits	conduit	NOUN
iiclr-17445	306	13	or	or	CCONJ
iiclr-17445	306	14	,	,	PUNCT
iiclr-17445	306	15	more	more	ADV
iiclr-17445	306	16	technically	technically	ADV
iiclr-17445	306	17	,	,	PUNCT
iiclr-17445	306	18	regulated	regulated	ADJ
iiclr-17445	306	19	investment	investment	NOUN
iiclr-17445	306	20	companies	company	NOUN
iiclr-17445	306	21	under	under	ADP
iiclr-17445	306	22	subchapter	subchapter	NOUN
iiclr-17445	306	23	m	m	NOUN
iiclr-17445	306	24	of	of	ADP
iiclr-17445	306	25	the	the	DET
iiclr-17445	306	26	u.s	u.s	PROPN
iiclr-17445	306	27	.	.	PROPN
iiclr-17445	306	28	internal	internal	PROPN
iiclr-17445	306	29	revenue	revenue	PROPN
iiclr-17445	306	30	code	code	NOUN
iiclr-17445	306	31	,	,	PUNCT
iiclr-17445	306	32	the	the	DET
iiclr-17445	306	33	portfolio	portfolio	NOUN
iiclr-17445	306	34	of	of	ADP
iiclr-17445	306	35	an	an	DET
iiclr-17445	306	36	investment	investment	NOUN
iiclr-17445	306	37	company	company	NOUN
iiclr-17445	306	38	must	must	AUX
iiclr-17445	306	39	be	be	AUX
iiclr-17445	306	40	diversified	diversify	VERB
iiclr-17445	306	41	,	,	PUNCT
iiclr-17445	306	42	it	it	PRON
iiclr-17445	306	43	must	must	AUX
iiclr-17445	306	44	meet	meet	VERB
iiclr-17445	306	45	certain	certain	ADJ
iiclr-17445	306	46	composition	composition	NOUN
iiclr-17445	306	47	-	-	PUNCT
iiclr-17445	306	48	of	of	ADP
iiclr-17445	306	49	-	-	PUNCT
iiclr-17445	306	50	income	income	NOUN
iiclr-17445	306	51	tests	test	NOUN
iiclr-17445	306	52	,	,	PUNCT
iiclr-17445	306	53	and	and	CCONJ
iiclr-17445	306	54	not	not	PART
iiclr-17445	306	55	more	more	ADJ
iiclr-17445	306	56	than	than	ADP
iiclr-17445	306	57	30	30	NUM
iiclr-17445	306	58	%	%	NOUN
iiclr-17445	306	59	of	of	ADP
iiclr-17445	306	60	its	its	PRON
iiclr-17445	306	61	gross	gross	ADJ
iiclr-17445	306	62	income	income	NOUN
iiclr-17445	306	63	can	can	AUX
iiclr-17445	306	64	be	be	AUX
iiclr-17445	306	65	derived	derive	VERB
iiclr-17445	306	66	from	from	ADP
iiclr-17445	306	67	the	the	DET
iiclr-17445	306	68	sale	sale	NOUN
iiclr-17445	306	69	of	of	ADP
iiclr-17445	306	70	securities	security	NOUN
iiclr-17445	306	71	held	hold	VERB
iiclr-17445	306	72	for	for	ADP
iiclr-17445	306	73	less	less	ADJ
iiclr-17445	306	74	than	than	ADP
iiclr-17445	306	75	three	three	NUM
iiclr-17445	306	76	months	month	NOUN
iiclr-17445	306	77	.	.	PUNCT
iiclr-17445	307	1	in	in	ADP
iiclr-17445	307	2	addition	addition	NOUN
iiclr-17445	307	3	,	,	PUNCT
iiclr-17445	307	4	the	the	DET
iiclr-17445	307	5	fund	fund	NOUN
iiclr-17445	307	6	must	must	AUX
iiclr-17445	307	7	distribute	distribute	VERB
iiclr-17445	307	8	at	at	ADV
iiclr-17445	307	9	least	least	ADV
iiclr-17445	307	10	90	90	NUM
iiclr-17445	307	11	%	%	NOUN
iiclr-17445	307	12	of	of	ADP
iiclr-17445	307	13	its	its	PRON
iiclr-17445	307	14	investment	investment	NOUN
iiclr-17445	307	15	company	company	NOUN
iiclr-17445	307	16	taxable	taxable	ADJ
iiclr-17445	307	17	income	income	NOUN
iiclr-17445	307	18	to	to	ADP
iiclr-17445	307	19	its	its	PRON
iiclr-17445	307	20	shareholders	shareholder	NOUN
iiclr-17445	307	21	each	each	DET
iiclr-17445	307	22	year	year	NOUN
iiclr-17445	307	23	.	.	PUNCT
iiclr-17445	308	1	failure	failure	NOUN
iiclr-17445	308	2	to	to	PART
iiclr-17445	308	3	adhere	adhere	VERB
iiclr-17445	308	4	to	to	ADP
iiclr-17445	308	5	such	such	ADJ
iiclr-17445	308	6	regulations	regulation	NOUN
iiclr-17445	308	7	can	can	AUX
iiclr-17445	308	8	result	result	VERB
iiclr-17445	308	9	in	in	ADP
iiclr-17445	308	10	the	the	DET
iiclr-17445	308	11	fund	fund	NOUN
iiclr-17445	308	12	being	be	AUX
iiclr-17445	308	13	treated	treat	VERB
iiclr-17445	308	14	as	as	ADP
iiclr-17445	308	15	a	a	DET
iiclr-17445	308	16	u.s	u.s	PROPN
iiclr-17445	308	17	.	.	PROPN
iiclr-17445	308	18	corporation	corporation	NOUN
iiclr-17445	308	19	,	,	PUNCT
iiclr-17445	308	20	thus	thus	ADV
iiclr-17445	308	21	having	have	VERB
iiclr-17445	308	22	to	to	PART
iiclr-17445	308	23	pay	pay	VERB
iiclr-17445	308	24	federal	federal	ADJ
iiclr-17445	308	25	tax	tax	NOUN
iiclr-17445	308	26	at	at	ADP
iiclr-17445	308	27	a	a	DET
iiclr-17445	308	28	rate	rate	NOUN
iiclr-17445	308	29	of	of	ADP
iiclr-17445	308	30	34	34	NUM
iiclr-17445	308	31	%	%	NOUN
iiclr-17445	308	32	.	.	PUNCT
iiclr-17445	309	1	additionally	additionally	ADV
iiclr-17445	309	2	,	,	PUNCT
iiclr-17445	309	3	the	the	DET
iiclr-17445	309	4	tax	tax	NOUN
iiclr-17445	309	5	reform	reform	PROPN
iiclr-17445	309	6	act	act	NOUN
iiclr-17445	309	7	of	of	ADP
iiclr-17445	309	8	1986	1986	NUM
iiclr-17445	309	9	placed	place	VERB
iiclr-17445	309	10	further	further	ADJ
iiclr-17445	309	11	restraints	restraint	NOUN
iiclr-17445	309	12	on	on	ADP
iiclr-17445	309	13	funds	fund	NOUN
iiclr-17445	309	14	seeking	seek	VERB
iiclr-17445	309	15	to	to	PART
iiclr-17445	309	16	be	be	AUX
iiclr-17445	309	17	regulated	regulate	VERB
iiclr-17445	309	18	investment	investment	NOUN
iiclr-17445	309	19	companies	company	NOUN
iiclr-17445	309	20	.	.	PUNCT
iiclr-17445	310	1	in	in	ADP
iiclr-17445	310	2	order	order	NOUN
iiclr-17445	310	3	to	to	PART
iiclr-17445	310	4	avoid	avoid	VERB
iiclr-17445	310	5	imposition	imposition	NOUN
iiclr-17445	310	6	of	of	ADP
iiclr-17445	310	7	a	a	DET
iiclr-17445	310	8	4	4	NUM
iiclr-17445	310	9	%	%	NOUN
iiclr-17445	310	10	federal	federal	ADJ
iiclr-17445	310	11	excise	excise	NOUN
iiclr-17445	310	12	tax	tax	NOUN
iiclr-17445	310	13	,	,	PUNCT
iiclr-17445	310	14	funds	fund	NOUN
iiclr-17445	310	15	must	must	AUX
iiclr-17445	310	16	declare	declare	VERB
iiclr-17445	310	17	to	to	ADP
iiclr-17445	310	18	shareholders	shareholder	NOUN
iiclr-17445	310	19	of	of	ADP
iiclr-17445	310	20	record	record	NOUN
iiclr-17445	310	21	by	by	ADP
iiclr-17445	310	22	december	december	PROPN
iiclr-17445	310	23	31	31	NUM
iiclr-17445	310	24	of	of	ADP
iiclr-17445	310	25	each	each	DET
iiclr-17445	310	26	year	year	NOUN
iiclr-17445	310	27	98	98	NUM
iiclr-17445	310	28	%	%	NOUN
iiclr-17445	310	29	of	of	ADP
iiclr-17445	310	30	ordinary	ordinary	ADJ
iiclr-17445	310	31	income	income	NOUN
iiclr-17445	310	32	and	and	CCONJ
iiclr-17445	310	33	capital	capital	NOUN
iiclr-17445	310	34	gains	gain	NOUN
iiclr-17445	310	35	.	.	PUNCT
iiclr-17445	311	1	funds	fund	NOUN
iiclr-17445	311	2	have	have	VERB
iiclr-17445	311	3	until	until	ADP
iiclr-17445	311	4	the	the	DET
iiclr-17445	311	5	following	follow	VERB
iiclr-17445	311	6	january	january	PROPN
iiclr-17445	311	7	31st	31st	NOUN
iiclr-17445	311	8	to	to	PART
iiclr-17445	311	9	actually	actually	ADV
iiclr-17445	311	10	pay	pay	VERB
iiclr-17445	311	11	the	the	DET
iiclr-17445	311	12	dividend	dividend	NOUN
iiclr-17445	311	13	.	.	PUNCT
iiclr-17445	312	1	the	the	DET
iiclr-17445	312	2	purpose	purpose	NOUN
iiclr-17445	312	3	of	of	ADP
iiclr-17445	312	4	this	this	DET
iiclr-17445	312	5	regulation	regulation	NOUN
iiclr-17445	312	6	was	be	AUX
iiclr-17445	312	7	to	to	PART
iiclr-17445	312	8	accelerate	accelerate	VERB
iiclr-17445	312	9	the	the	DET
iiclr-17445	312	10	timing	timing	NOUN
iiclr-17445	312	11	of	of	ADP
iiclr-17445	312	12	income	income	NOUN
iiclr-17445	312	13	recognition	recognition	NOUN
iiclr-17445	312	14	by	by	ADP
iiclr-17445	312	15	shareholders	shareholder	NOUN
iiclr-17445	312	16	of	of	ADP
iiclr-17445	312	17	such	such	ADJ
iiclr-17445	312	18	funds	fund	NOUN
iiclr-17445	312	19	to	to	ADP
iiclr-17445	312	20	the	the	DET
iiclr-17445	312	21	year	year	NOUN
iiclr-17445	312	22	in	in	ADP
iiclr-17445	312	23	which	which	PRON
iiclr-17445	312	24	dividends	dividend	NOUN
iiclr-17445	312	25	are	be	AUX
iiclr-17445	312	26	declared	declare	VERB
iiclr-17445	312	27	.	.	PUNCT
iiclr-17445	313	1	tax	tax	NOUN
iiclr-17445	313	2	compliance	compliance	NOUN
iiclr-17445	313	3	is	be	AUX
iiclr-17445	313	4	one	one	NUM
iiclr-17445	313	5	of	of	ADP
iiclr-17445	313	6	the	the	DET
iiclr-17445	313	7	most	most	ADV
iiclr-17445	313	8	difficult	difficult	ADJ
iiclr-17445	313	9	areas	area	NOUN
iiclr-17445	313	10	with	with	ADP
iiclr-17445	313	11	which	which	PRON
iiclr-17445	313	12	fund	fund	NOUN
iiclr-17445	313	13	management	management	NOUN
iiclr-17445	313	14	and	and	CCONJ
iiclr-17445	313	15	shareholders	shareholder	NOUN
iiclr-17445	313	16	have	have	VERB
iiclr-17445	313	17	to	to	PART
iiclr-17445	313	18	deal	deal	VERB
iiclr-17445	313	19	.	.	PUNCT
iiclr-17445	314	1	32	32	NUM
iiclr-17445	314	2	.	.	PUNCT
iiclr-17445	315	1	in	in	ADP
iiclr-17445	315	2	japan	japan	PROPN
iiclr-17445	315	3	,	,	PUNCT
iiclr-17445	315	4	there	there	PRON
iiclr-17445	315	5	has	have	AUX
iiclr-17445	315	6	been	be	AUX
iiclr-17445	315	7	no	no	DET
iiclr-17445	315	8	taxation	taxation	NOUN
iiclr-17445	315	9	in	in	ADP
iiclr-17445	315	10	principle	principle	NOUN
iiclr-17445	315	11	at	at	ADP
iiclr-17445	315	12	the	the	DET
iiclr-17445	315	13	fund	fund	NOUN
iiclr-17445	315	14	level	level	NOUN
iiclr-17445	315	15	for	for	ADP
iiclr-17445	315	16	the	the	DET
iiclr-17445	315	17	following	follow	VERB
iiclr-17445	315	18	reasons	reason	NOUN
iiclr-17445	315	19	,	,	PUNCT
iiclr-17445	315	20	even	even	ADV
iiclr-17445	315	21	though	though	SCONJ
iiclr-17445	315	22	any	any	DET
iiclr-17445	315	23	specific	specific	ADJ
iiclr-17445	315	24	provision	provision	NOUN
iiclr-17445	315	25	concerned	concern	VERB
iiclr-17445	315	26	is	be	AUX
iiclr-17445	315	27	not	not	PART
iiclr-17445	315	28	clearly	clearly	ADV
iiclr-17445	315	29	stipulated	stipulate	VERB
iiclr-17445	315	30	in	in	ADP
iiclr-17445	315	31	tax	tax	NOUN
iiclr-17445	315	32	laws	law	NOUN
iiclr-17445	315	33	:	:	PUNCT
iiclr-17445	315	34	(	(	PUNCT
iiclr-17445	315	35	1	1	X
iiclr-17445	315	36	)	)	PUNCT
iiclr-17445	315	37	since	since	SCONJ
iiclr-17445	315	38	investment	investment	NOUN
iiclr-17445	315	39	trust	trust	NOUN
iiclr-17445	315	40	funds	fund	NOUN
iiclr-17445	315	41	are	be	AUX
iiclr-17445	315	42	not	not	PART
iiclr-17445	315	43	regarded	regard	VERB
iiclr-17445	315	44	as	as	ADP
iiclr-17445	315	45	independent	independent	ADJ
iiclr-17445	315	46	taxable	taxable	ADJ
iiclr-17445	315	47	entities	entity	NOUN
iiclr-17445	315	48	,	,	PUNCT
iiclr-17445	315	49	interest	interest	NOUN
iiclr-17445	315	50	and	and	CCONJ
iiclr-17445	315	51	dividend	dividend	NOUN
iiclr-17445	315	52	incomes	income	NOUN
iiclr-17445	315	53	of	of	ADP
iiclr-17445	315	54	these	these	DET
iiclr-17445	315	55	funds	fund	NOUN
iiclr-17445	315	56	are	be	AUX
iiclr-17445	315	57	exempted	exempt	VERB
iiclr-17445	315	58	from	from	ADP
iiclr-17445	315	59	withholding	withhold	VERB
iiclr-17445	315	60	taxation	taxation	NOUN
iiclr-17445	315	61	[	[	X
iiclr-17445	315	62	vol	vol	NOUN
iiclr-17445	315	63	.	.	PUNCT
iiclr-17445	316	1	2:385	2:385	NUM
iiclr-17445	316	2	japan	japan	PROPN
iiclr-17445	316	3	's	's	PART
iiclr-17445	316	4	investment	investment	NOUN
iiclr-17445	316	5	trust	trust	NOUN
iiclr-17445	316	6	the	the	DET
iiclr-17445	316	7	single	single	ADJ
iiclr-17445	316	8	income	income	NOUN
iiclr-17445	316	9	taxation	taxation	NOUN
iiclr-17445	316	10	formula	formula	NOUN
iiclr-17445	316	11	.	.	PUNCT
iiclr-17445	317	1	this	this	DET
iiclr-17445	317	2	term	term	NOUN
iiclr-17445	317	3	seems	seem	VERB
iiclr-17445	317	4	deceiving	deceive	VERB
iiclr-17445	317	5	since	since	SCONJ
iiclr-17445	317	6	income	income	NOUN
iiclr-17445	317	7	distributions	distribution	NOUN
iiclr-17445	317	8	from	from	ADP
iiclr-17445	317	9	stock	stock	NOUN
iiclr-17445	317	10	funds	fund	NOUN
iiclr-17445	317	11	are	be	AUX
iiclr-17445	317	12	classified	classify	VERB
iiclr-17445	317	13	as	as	ADP
iiclr-17445	317	14	dividend	dividend	NOUN
iiclr-17445	317	15	income	income	NOUN
iiclr-17445	317	16	while	while	SCONJ
iiclr-17445	317	17	income	income	NOUN
iiclr-17445	317	18	distributions	distribution	NOUN
iiclr-17445	317	19	from	from	ADP
iiclr-17445	317	20	bond	bond	NOUN
iiclr-17445	317	21	funds	fund	NOUN
iiclr-17445	317	22	are	be	AUX
iiclr-17445	317	23	classified	classify	VERB
iiclr-17445	317	24	as	as	ADP
iiclr-17445	317	25	interest	interest	NOUN
iiclr-17445	317	26	income	income	NOUN
iiclr-17445	317	27	.	.	PUNCT
iiclr-17445	318	1	moreover	moreover	ADV
iiclr-17445	318	2	,	,	PUNCT
iiclr-17445	318	3	when	when	SCONJ
iiclr-17445	318	4	the	the	DET
iiclr-17445	318	5	shareholder	shareholder	NOUN
iiclr-17445	318	6	is	be	AUX
iiclr-17445	318	7	an	an	DET
iiclr-17445	318	8	individual	individual	NOUN
iiclr-17445	318	9	instead	instead	ADV
iiclr-17445	318	10	of	of	ADP
iiclr-17445	318	11	a	a	DET
iiclr-17445	318	12	corporation	corporation	NOUN
iiclr-17445	318	13	,	,	PUNCT
iiclr-17445	318	14	a	a	DET
iiclr-17445	318	15	single	single	ADJ
iiclr-17445	318	16	flat	flat	ADJ
iiclr-17445	318	17	withholding	withholding	NOUN
iiclr-17445	318	18	tax	tax	NOUN
iiclr-17445	318	19	of	of	ADP
iiclr-17445	318	20	20	20	NUM
iiclr-17445	318	21	%	%	NOUN
iiclr-17445	318	22	is	be	AUX
iiclr-17445	318	23	imposed	impose	VERB
iiclr-17445	318	24	on	on	ADP
iiclr-17445	318	25	trust	trust	NOUN
iiclr-17445	318	26	income	income	NOUN
iiclr-17445	318	27	distributions	distribution	NOUN
iiclr-17445	318	28	whether	whether	SCONJ
iiclr-17445	318	29	these	these	DET
iiclr-17445	318	30	distributions	distribution	NOUN
iiclr-17445	318	31	emanate	emanate	VERB
iiclr-17445	318	32	from	from	ADP
iiclr-17445	318	33	stock	stock	NOUN
iiclr-17445	318	34	or	or	CCONJ
iiclr-17445	318	35	bond	bond	NOUN
iiclr-17445	318	36	funds.33	funds.33	NOUN
iiclr-17445	318	37	both	both	DET
iiclr-17445	318	38	approaches	approach	NOUN
iiclr-17445	318	39	,	,	PUNCT
iiclr-17445	318	40	japanese	japanese	ADJ
iiclr-17445	318	41	and	and	CCONJ
iiclr-17445	318	42	american	american	ADJ
iiclr-17445	318	43	,	,	PUNCT
iiclr-17445	318	44	match	match	VERB
iiclr-17445	318	45	the	the	DET
iiclr-17445	318	46	reality	reality	NOUN
iiclr-17445	318	47	of	of	ADP
iiclr-17445	318	48	collective	collective	ADJ
iiclr-17445	318	49	securities	security	NOUN
iiclr-17445	318	50	investment	investment	NOUN
iiclr-17445	318	51	offered	offer	VERB
iiclr-17445	318	52	in	in	ADP
iiclr-17445	318	53	the	the	DET
iiclr-17445	318	54	form	form	NOUN
iiclr-17445	318	55	of	of	ADP
iiclr-17445	318	56	financial	financial	ADJ
iiclr-17445	318	57	products	product	NOUN
iiclr-17445	318	58	.	.	PUNCT
iiclr-17445	319	1	the	the	DET
iiclr-17445	319	2	american	american	ADJ
iiclr-17445	319	3	flow	flow	VERB
iiclr-17445	319	4	-	-	PUNCT
iiclr-17445	319	5	through	through	ADP
iiclr-17445	319	6	system	system	NOUN
iiclr-17445	319	7	reflects	reflect	VERB
iiclr-17445	319	8	the	the	DET
iiclr-17445	319	9	risk	risk	NOUN
iiclr-17445	319	10	assumption	assumption	NOUN
iiclr-17445	319	11	of	of	ADP
iiclr-17445	319	12	mutual	mutual	ADJ
iiclr-17445	319	13	fund	fund	NOUN
iiclr-17445	319	14	investors	investor	NOUN
iiclr-17445	319	15	.	.	PUNCT
iiclr-17445	320	1	the	the	DET
iiclr-17445	320	2	japanese	japanese	ADJ
iiclr-17445	320	3	formula	formula	NOUN
iiclr-17445	320	4	accommodates	accommodate	VERB
iiclr-17445	320	5	the	the	DET
iiclr-17445	320	6	actual	actual	ADJ
iiclr-17445	320	7	feelings	feeling	NOUN
iiclr-17445	320	8	of	of	ADP
iiclr-17445	320	9	investors	investor	NOUN
iiclr-17445	320	10	who	who	PRON
iiclr-17445	320	11	are	be	AUX
iiclr-17445	320	12	the	the	DET
iiclr-17445	320	13	recipients	recipient	NOUN
iiclr-17445	320	14	of	of	ADP
iiclr-17445	320	15	dividends	dividend	NOUN
iiclr-17445	320	16	while	while	SCONJ
iiclr-17445	320	17	simultaneously	simultaneously	ADV
iiclr-17445	320	18	meeting	meet	VERB
iiclr-17445	320	19	the	the	DET
iiclr-17445	320	20	administrative	administrative	ADJ
iiclr-17445	320	21	needs	need	NOUN
iiclr-17445	320	22	of	of	ADP
iiclr-17445	320	23	a	a	DET
iiclr-17445	320	24	simplified	simplified	ADJ
iiclr-17445	320	25	system	system	NOUN
iiclr-17445	320	26	of	of	ADP
iiclr-17445	320	27	taxation	taxation	NOUN
iiclr-17445	320	28	.	.	PUNCT
iiclr-17445	321	1	as	as	SCONJ
iiclr-17445	321	2	mentioned	mention	VERB
iiclr-17445	321	3	,	,	PUNCT
iiclr-17445	321	4	under	under	ADP
iiclr-17445	321	5	the	the	DET
iiclr-17445	321	6	current	current	ADJ
iiclr-17445	321	7	tax	tax	NOUN
iiclr-17445	321	8	laws	law	NOUN
iiclr-17445	321	9	,	,	PUNCT
iiclr-17445	321	10	income	income	NOUN
iiclr-17445	321	11	distributed	distribute	VERB
iiclr-17445	321	12	from	from	ADP
iiclr-17445	321	13	stock	stock	NOUN
iiclr-17445	321	14	investment	investment	NOUN
iiclr-17445	321	15	trusts	trust	NOUN
iiclr-17445	321	16	is	be	AUX
iiclr-17445	321	17	classified	classify	VERB
iiclr-17445	321	18	as	as	ADP
iiclr-17445	321	19	dividend	dividend	NOUN
iiclr-17445	321	20	income	income	NOUN
iiclr-17445	321	21	and	and	CCONJ
iiclr-17445	321	22	receives	receive	VERB
iiclr-17445	321	23	the	the	DET
iiclr-17445	321	24	same	same	ADJ
iiclr-17445	321	25	tax	tax	NOUN
iiclr-17445	321	26	treatment	treatment	NOUN
iiclr-17445	321	27	as	as	ADP
iiclr-17445	321	28	interest	interest	NOUN
iiclr-17445	321	29	income	income	NOUN
iiclr-17445	321	30	.	.	PUNCT
iiclr-17445	322	1	the	the	DET
iiclr-17445	322	2	special	special	ADJ
iiclr-17445	322	3	taxation	taxation	NOUN
iiclr-17445	322	4	measures	measure	NOUN
iiclr-17445	322	5	law	law	NOUN
iiclr-17445	322	6	excepts	except	VERB
iiclr-17445	322	7	it	it	PRON
iiclr-17445	322	8	from	from	ADP
iiclr-17445	322	9	ordinary	ordinary	ADJ
iiclr-17445	322	10	stock	stock	NOUN
iiclr-17445	322	11	dividend	dividend	NOUN
iiclr-17445	322	12	income	income	NOUN
iiclr-17445	322	13	and	and	CCONJ
iiclr-17445	322	14	accords	accord	NOUN
iiclr-17445	322	15	through	through	ADP
iiclr-17445	322	16	prescribed	prescribed	ADJ
iiclr-17445	322	17	procedures	procedure	NOUN
iiclr-17445	322	18	individual	individual	ADJ
iiclr-17445	322	19	income	income	NOUN
iiclr-17445	322	20	tax	tax	NOUN
iiclr-17445	322	21	law	law	NOUN
iiclr-17445	322	22	,	,	PUNCT
iiclr-17445	322	23	art	art	NOUN
iiclr-17445	322	24	.	.	PUNCT
iiclr-17445	323	1	176	176	NUM
iiclr-17445	323	2	.	.	PUNCT
iiclr-17445	324	1	(	(	PUNCT
iiclr-17445	324	2	1965	1965	NUM
iiclr-17445	324	3	)	)	PUNCT
iiclr-17445	324	4	.	.	PUNCT
iiclr-17445	325	1	(	(	PUNCT
iiclr-17445	325	2	2	2	X
iiclr-17445	325	3	)	)	PUNCT
iiclr-17445	325	4	since	since	SCONJ
iiclr-17445	325	5	no	no	DET
iiclr-17445	325	6	exemption	exemption	NOUN
iiclr-17445	325	7	is	be	AUX
iiclr-17445	325	8	accorded	accord	VERB
iiclr-17445	325	9	to	to	ADP
iiclr-17445	325	10	interest	interest	NOUN
iiclr-17445	325	11	and	and	CCONJ
iiclr-17445	325	12	dividends	dividend	NOUN
iiclr-17445	325	13	paid	pay	VERB
iiclr-17445	325	14	on	on	ADP
iiclr-17445	325	15	foreign	foreign	ADJ
iiclr-17445	325	16	securities	security	NOUN
iiclr-17445	325	17	,	,	PUNCT
iiclr-17445	325	18	these	these	DET
iiclr-17445	325	19	incomes	income	NOUN
iiclr-17445	325	20	are	be	AUX
iiclr-17445	325	21	recognized	recognize	VERB
iiclr-17445	325	22	for	for	ADP
iiclr-17445	325	23	the	the	DET
iiclr-17445	325	24	trust	trust	NOUN
iiclr-17445	325	25	properties	property	NOUN
iiclr-17445	325	26	in	in	ADP
iiclr-17445	325	27	amounts	amount	NOUN
iiclr-17445	325	28	after	after	ADP
iiclr-17445	325	29	withholding	withhold	VERB
iiclr-17445	325	30	taxes	taxis	NOUN
iiclr-17445	325	31	.	.	PUNCT
iiclr-17445	326	1	the	the	DET
iiclr-17445	326	2	amounts	amount	NOUN
iiclr-17445	326	3	equivalent	equivalent	ADJ
iiclr-17445	326	4	to	to	PART
iiclr-17445	326	5	income	income	NOUN
iiclr-17445	326	6	taxes	taxis	NOUN
iiclr-17445	326	7	levied	levy	VERB
iiclr-17445	326	8	in	in	ADP
iiclr-17445	326	9	accordance	accordance	NOUN
iiclr-17445	326	10	with	with	ADP
iiclr-17445	326	11	foreign	foreign	ADJ
iiclr-17445	326	12	tax	tax	NOUN
iiclr-17445	326	13	laws	law	NOUN
iiclr-17445	326	14	are	be	AUX
iiclr-17445	326	15	kept	keep	VERB
iiclr-17445	326	16	on	on	ADP
iiclr-17445	326	17	record	record	NOUN
iiclr-17445	326	18	but	but	CCONJ
iiclr-17445	326	19	off	off	ADP
iiclr-17445	326	20	the	the	DET
iiclr-17445	326	21	books	book	NOUN
iiclr-17445	326	22	of	of	ADP
iiclr-17445	326	23	the	the	DET
iiclr-17445	326	24	investment	investment	NOUN
iiclr-17445	326	25	trusts	trust	NOUN
iiclr-17445	326	26	and	and	CCONJ
iiclr-17445	326	27	are	be	AUX
iiclr-17445	326	28	deducted	deduct	VERB
iiclr-17445	326	29	from	from	ADP
iiclr-17445	326	30	the	the	DET
iiclr-17445	326	31	amounts	amount	NOUN
iiclr-17445	326	32	of	of	ADP
iiclr-17445	326	33	withholding	withholding	NOUN
iiclr-17445	326	34	taxation	taxation	NOUN
iiclr-17445	326	35	under	under	ADP
iiclr-17445	326	36	certain	certain	ADJ
iiclr-17445	326	37	conditions	condition	NOUN
iiclr-17445	326	38	at	at	ADP
iiclr-17445	326	39	the	the	DET
iiclr-17445	326	40	time	time	NOUN
iiclr-17445	326	41	of	of	ADP
iiclr-17445	326	42	income	income	NOUN
iiclr-17445	326	43	distribution	distribution	NOUN
iiclr-17445	326	44	or	or	CCONJ
iiclr-17445	326	45	redemption	redemption	NOUN
iiclr-17445	326	46	of	of	ADP
iiclr-17445	326	47	the	the	DET
iiclr-17445	326	48	investment	investment	NOUN
iiclr-17445	326	49	trusts	trust	NOUN
iiclr-17445	326	50	.	.	PUNCT
iiclr-17445	327	1	individual	individual	ADJ
iiclr-17445	327	2	income	income	NOUN
iiclr-17445	327	3	tax	tax	NOUN
iiclr-17445	327	4	law	law	NOUN
iiclr-17445	327	5	.	.	PUNCT
iiclr-17445	328	1	art	art	NOUN
iiclr-17445	328	2	.	.	PUNCT
iiclr-17445	329	1	176	176	NUM
iiclr-17445	329	2	,	,	PUNCT
iiclr-17445	329	3	item	item	NOUN
iiclr-17445	329	4	2	2	NUM
iiclr-17445	329	5	.	.	PUNCT
iiclr-17445	329	6	(	(	PUNCT
iiclr-17445	329	7	1965	1965	NUM
iiclr-17445	329	8	)	)	PUNCT
iiclr-17445	329	9	.	.	PUNCT
iiclr-17445	330	1	(	(	PUNCT
iiclr-17445	330	2	3	3	X
iiclr-17445	330	3	)	)	PUNCT
iiclr-17445	330	4	the	the	DET
iiclr-17445	330	5	law	law	NOUN
iiclr-17445	330	6	for	for	ADP
iiclr-17445	330	7	the	the	DET
iiclr-17445	330	8	encouragement	encouragement	NOUN
iiclr-17445	330	9	of	of	ADP
iiclr-17445	330	10	employees	employee	NOUN
iiclr-17445	330	11	'	'	PART
iiclr-17445	330	12	assets	asset	NOUN
iiclr-17445	330	13	formation	formation	NOUN
iiclr-17445	330	14	which	which	PRON
iiclr-17445	330	15	took	take	VERB
iiclr-17445	330	16	effect	effect	NOUN
iiclr-17445	330	17	in	in	ADP
iiclr-17445	330	18	october	october	PROPN
iiclr-17445	330	19	,	,	PUNCT
iiclr-17445	330	20	1975	1975	NUM
iiclr-17445	330	21	,	,	PUNCT
iiclr-17445	330	22	established	establish	VERB
iiclr-17445	330	23	the	the	DET
iiclr-17445	330	24	"	"	PUNCT
iiclr-17445	330	25	system	system	NOUN
iiclr-17445	330	26	of	of	ADP
iiclr-17445	330	27	employers	employer	NOUN
iiclr-17445	330	28	'	'	PART
iiclr-17445	330	29	contributions	contribution	NOUN
iiclr-17445	330	30	to	to	ADP
iiclr-17445	330	31	employees	employee	NOUN
iiclr-17445	330	32	'	'	PART
iiclr-17445	330	33	asset	asset	NOUN
iiclr-17445	330	34	formation	formation	NOUN
iiclr-17445	330	35	"	"	PUNCT
iiclr-17445	330	36	in	in	ADP
iiclr-17445	330	37	addition	addition	NOUN
iiclr-17445	330	38	to	to	ADP
iiclr-17445	330	39	the	the	DET
iiclr-17445	330	40	"	"	PUNCT
iiclr-17445	330	41	employees	employee	NOUN
iiclr-17445	330	42	'	'	PART
iiclr-17445	330	43	assets	asset	NOUN
iiclr-17445	330	44	formation	formation	NOUN
iiclr-17445	330	45	system	system	NOUN
iiclr-17445	330	46	,	,	PUNCT
iiclr-17445	330	47	"	"	PUNCT
iiclr-17445	330	48	and	and	CCONJ
iiclr-17445	330	49	,	,	PUNCT
iiclr-17445	330	50	under	under	ADP
iiclr-17445	330	51	this	this	DET
iiclr-17445	330	52	law	law	NOUN
iiclr-17445	330	53	,	,	PUNCT
iiclr-17445	330	54	the	the	DET
iiclr-17445	330	55	funds	fund	NOUN
iiclr-17445	330	56	established	establish	VERB
iiclr-17445	330	57	exclusively	exclusively	ADV
iiclr-17445	330	58	for	for	ADP
iiclr-17445	330	59	the	the	DET
iiclr-17445	330	60	management	management	NOUN
iiclr-17445	330	61	of	of	ADP
iiclr-17445	330	62	these	these	DET
iiclr-17445	330	63	contributions	contribution	NOUN
iiclr-17445	330	64	are	be	AUX
iiclr-17445	330	65	taxed	tax	VERB
iiclr-17445	330	66	as	as	ADP
iiclr-17445	330	67	the	the	DET
iiclr-17445	330	68	only	only	ADJ
iiclr-17445	330	69	exception	exception	NOUN
iiclr-17445	330	70	.	.	PUNCT
iiclr-17445	331	1	the	the	DET
iiclr-17445	331	2	rate	rate	NOUN
iiclr-17445	331	3	is	be	AUX
iiclr-17445	331	4	one	one	NUM
iiclr-17445	331	5	percent	percent	NOUN
iiclr-17445	331	6	for	for	ADP
iiclr-17445	331	7	the	the	DET
iiclr-17445	331	8	special	special	ADJ
iiclr-17445	331	9	corporation	corporation	NOUN
iiclr-17445	331	10	tax	tax	NOUN
iiclr-17445	331	11	and	and	CCONJ
iiclr-17445	331	12	local	local	ADJ
iiclr-17445	331	13	taxes	taxis	NOUN
iiclr-17445	331	14	.	.	PUNCT
iiclr-17445	332	1	this	this	DET
iiclr-17445	332	2	exceptional	exceptional	ADJ
iiclr-17445	332	3	taxation	taxation	NOUN
iiclr-17445	332	4	is	be	AUX
iiclr-17445	332	5	explained	explain	VERB
iiclr-17445	332	6	as	as	ADP
iiclr-17445	332	7	an	an	DET
iiclr-17445	332	8	interest	interest	NOUN
iiclr-17445	332	9	charge	charge	NOUN
iiclr-17445	332	10	on	on	ADP
iiclr-17445	332	11	arrears	arrear	NOUN
iiclr-17445	332	12	.	.	PUNCT
iiclr-17445	333	1	because	because	SCONJ
iiclr-17445	333	2	these	these	DET
iiclr-17445	333	3	funds	fund	NOUN
iiclr-17445	333	4	are	be	AUX
iiclr-17445	333	5	not	not	PART
iiclr-17445	333	6	redeemable	redeemable	ADJ
iiclr-17445	333	7	and	and	CCONJ
iiclr-17445	333	8	do	do	AUX
iiclr-17445	333	9	not	not	PART
iiclr-17445	333	10	distribute	distribute	VERB
iiclr-17445	333	11	any	any	DET
iiclr-17445	333	12	income	income	NOUN
iiclr-17445	333	13	for	for	ADP
iiclr-17445	333	14	seven	seven	NUM
iiclr-17445	333	15	years	year	NOUN
iiclr-17445	333	16	,	,	PUNCT
iiclr-17445	333	17	paying	pay	VERB
iiclr-17445	333	18	income	income	NOUN
iiclr-17445	333	19	inclusive	inclusive	NOUN
iiclr-17445	333	20	of	of	ADP
iiclr-17445	333	21	investment	investment	NOUN
iiclr-17445	333	22	income	income	NOUN
iiclr-17445	333	23	to	to	ADP
iiclr-17445	333	24	the	the	DET
iiclr-17445	333	25	beneficiaries	beneficiary	NOUN
iiclr-17445	333	26	(	(	PUNCT
iiclr-17445	333	27	employees	employee	NOUN
iiclr-17445	333	28	)	)	PUNCT
iiclr-17445	333	29	only	only	ADV
iiclr-17445	333	30	once	once	ADV
iiclr-17445	333	31	every	every	DET
iiclr-17445	333	32	seven	seven	NUM
iiclr-17445	333	33	years	year	NOUN
iiclr-17445	333	34	,	,	PUNCT
iiclr-17445	333	35	the	the	DET
iiclr-17445	333	36	retention	retention	NOUN
iiclr-17445	333	37	of	of	ADP
iiclr-17445	333	38	such	such	ADJ
iiclr-17445	333	39	unpaid	unpaid	ADJ
iiclr-17445	333	40	incomes	income	NOUN
iiclr-17445	333	41	causes	cause	VERB
iiclr-17445	333	42	long	long	ADJ
iiclr-17445	333	43	deferrals	deferral	NOUN
iiclr-17445	333	44	in	in	ADP
iiclr-17445	333	45	taxation	taxation	NOUN
iiclr-17445	333	46	.	.	PUNCT
iiclr-17445	334	1	33	33	NUM
iiclr-17445	334	2	.	.	PUNCT
iiclr-17445	335	1	japan	japan	PROPN
iiclr-17445	335	2	,	,	PUNCT
iiclr-17445	335	3	like	like	ADP
iiclr-17445	335	4	the	the	DET
iiclr-17445	335	5	united	united	PROPN
iiclr-17445	335	6	states	states	PROPN
iiclr-17445	335	7	and	and	CCONJ
iiclr-17445	335	8	other	other	ADJ
iiclr-17445	335	9	countries	country	NOUN
iiclr-17445	335	10	,	,	PUNCT
iiclr-17445	335	11	once	once	ADV
iiclr-17445	335	12	adopted	adopt	VERB
iiclr-17445	335	13	the	the	DET
iiclr-17445	335	14	formula	formula	NOUN
iiclr-17445	335	15	of	of	ADP
iiclr-17445	335	16	taxation	taxation	NOUN
iiclr-17445	335	17	by	by	ADP
iiclr-17445	335	18	income	income	NOUN
iiclr-17445	335	19	source	source	NOUN
iiclr-17445	335	20	.	.	PUNCT
iiclr-17445	336	1	this	this	DET
iiclr-17445	336	2	formula	formula	NOUN
iiclr-17445	336	3	did	do	AUX
iiclr-17445	336	4	not	not	PART
iiclr-17445	336	5	fit	fit	VERB
iiclr-17445	336	6	well	well	ADV
iiclr-17445	336	7	with	with	ADP
iiclr-17445	336	8	reality	reality	NOUN
iiclr-17445	336	9	,	,	PUNCT
iiclr-17445	336	10	however	however	ADV
iiclr-17445	336	11	.	.	PUNCT
iiclr-17445	337	1	investors	investor	NOUN
iiclr-17445	337	2	often	often	ADV
iiclr-17445	337	3	invest	invest	VERB
iiclr-17445	337	4	in	in	ADP
iiclr-17445	337	5	a	a	DET
iiclr-17445	337	6	variety	variety	NOUN
iiclr-17445	337	7	of	of	ADP
iiclr-17445	337	8	fund	fund	NOUN
iiclr-17445	337	9	beneficiary	beneficiary	NOUN
iiclr-17445	337	10	certificates	certificate	NOUN
iiclr-17445	337	11	and	and	CCONJ
iiclr-17445	337	12	repeat	repeat	NOUN
iiclr-17445	337	13	buy	buy	VERB
iiclr-17445	337	14	and	and	CCONJ
iiclr-17445	337	15	sell	sell	VERB
iiclr-17445	337	16	transactions	transaction	NOUN
iiclr-17445	337	17	many	many	ADJ
iiclr-17445	337	18	times	time	NOUN
iiclr-17445	337	19	during	during	ADP
iiclr-17445	337	20	a	a	DET
iiclr-17445	337	21	taxable	taxable	ADJ
iiclr-17445	337	22	year	year	NOUN
iiclr-17445	337	23	.	.	PUNCT
iiclr-17445	338	1	it	it	PRON
iiclr-17445	338	2	makes	make	VERB
iiclr-17445	338	3	income	income	NOUN
iiclr-17445	338	4	source	source	NOUN
iiclr-17445	338	5	identification	identification	NOUN
iiclr-17445	338	6	an	an	DET
iiclr-17445	338	7	extremely	extremely	ADV
iiclr-17445	338	8	complicated	complicated	ADJ
iiclr-17445	338	9	process	process	NOUN
iiclr-17445	338	10	,	,	PUNCT
iiclr-17445	338	11	and	and	CCONJ
iiclr-17445	338	12	the	the	DET
iiclr-17445	338	13	situation	situation	NOUN
iiclr-17445	338	14	can	can	AUX
iiclr-17445	338	15	be	be	AUX
iiclr-17445	338	16	no	no	PRON
iiclr-17445	338	17	less	less	ADV
iiclr-17445	338	18	troublesome	troublesome	ADJ
iiclr-17445	338	19	for	for	ADP
iiclr-17445	338	20	the	the	DET
iiclr-17445	338	21	management	management	NOUN
iiclr-17445	338	22	companies	company	NOUN
iiclr-17445	338	23	and	and	CCONJ
iiclr-17445	338	24	trustee	trustee	NOUN
iiclr-17445	338	25	banks	bank	NOUN
iiclr-17445	338	26	.	.	PUNCT
iiclr-17445	339	1	for	for	ADP
iiclr-17445	339	2	this	this	DET
iiclr-17445	339	3	reason	reason	NOUN
iiclr-17445	339	4	,	,	PUNCT
iiclr-17445	339	5	the	the	DET
iiclr-17445	339	6	formula	formula	NOUN
iiclr-17445	339	7	was	be	AUX
iiclr-17445	339	8	soon	soon	ADV
iiclr-17445	339	9	replaced	replace	VERB
iiclr-17445	339	10	by	by	ADP
iiclr-17445	339	11	other	other	ADJ
iiclr-17445	339	12	methods	method	NOUN
iiclr-17445	339	13	which	which	PRON
iiclr-17445	339	14	have	have	AUX
iiclr-17445	339	15	evolved	evolve	VERB
iiclr-17445	339	16	into	into	ADP
iiclr-17445	339	17	the	the	DET
iiclr-17445	339	18	current	current	ADJ
iiclr-17445	339	19	single	single	ADJ
iiclr-17445	339	20	income	income	NOUN
iiclr-17445	339	21	taxation	taxation	NOUN
iiclr-17445	339	22	formula	formula	NOUN
iiclr-17445	339	23	.	.	PUNCT
iiclr-17445	340	1	1992	1992	NUM
iiclr-17445	340	2	]	]	PUNCT
iiclr-17445	340	3	ind	ind	NOUN
iiclr-17445	340	4	.	.	PUNCT
iiclr-17445	341	1	int'l	int'l	PROPN
iiclr-17445	341	2	&	&	CCONJ
iiclr-17445	341	3	comp	comp	PROPN
iiclr-17445	341	4	.	.	PUNCT
iiclr-17445	342	1	l.	l.	PROPN
iiclr-17445	342	2	rev	rev	PROPN
iiclr-17445	342	3	.	.	PUNCT
iiclr-17445	343	1	it	it	PRON
iiclr-17445	343	2	a	a	DET
iiclr-17445	343	3	reduced	reduced	ADJ
iiclr-17445	343	4	tax	tax	NOUN
iiclr-17445	343	5	rate	rate	NOUN
iiclr-17445	343	6	(	(	PUNCT
iiclr-17445	343	7	15	15	NUM
iiclr-17445	343	8	%	%	NOUN
iiclr-17445	343	9	income	income	NOUN
iiclr-17445	343	10	tax	tax	NOUN
iiclr-17445	343	11	and	and	CCONJ
iiclr-17445	343	12	5	5	NUM
iiclr-17445	343	13	%	%	NOUN
iiclr-17445	343	14	local	local	ADJ
iiclr-17445	343	15	tax	tax	NOUN
iiclr-17445	343	16	at	at	ADP
iiclr-17445	343	17	present	present	ADJ
iiclr-17445	343	18	)	)	PUNCT
iiclr-17445	343	19	and	and	CCONJ
iiclr-17445	343	20	separate	separate	ADJ
iiclr-17445	343	21	taxation	taxation	NOUN
iiclr-17445	343	22	from	from	ADP
iiclr-17445	343	23	other	other	ADJ
iiclr-17445	343	24	income	income	NOUN
iiclr-17445	343	25	.	.	PUNCT
iiclr-17445	344	1	while	while	SCONJ
iiclr-17445	344	2	no	no	DET
iiclr-17445	344	3	tax	tax	NOUN
iiclr-17445	344	4	credits	credit	NOUN
iiclr-17445	344	5	are	be	AUX
iiclr-17445	344	6	given	give	VERB
iiclr-17445	344	7	for	for	ADP
iiclr-17445	344	8	dividend	dividend	NOUN
iiclr-17445	344	9	income	income	NOUN
iiclr-17445	344	10	from	from	ADP
iiclr-17445	344	11	stock	stock	NOUN
iiclr-17445	344	12	funds	fund	NOUN
iiclr-17445	344	13	in	in	ADP
iiclr-17445	344	14	the	the	DET
iiclr-17445	344	15	case	case	NOUN
iiclr-17445	344	16	of	of	ADP
iiclr-17445	344	17	individual	individual	ADJ
iiclr-17445	344	18	taxpayers	taxpayer	NOUN
iiclr-17445	344	19	,	,	PUNCT
iiclr-17445	344	20	corporations	corporation	NOUN
iiclr-17445	344	21	enjoy	enjoy	VERB
iiclr-17445	344	22	the	the	DET
iiclr-17445	344	23	exclusion	exclusion	NOUN
iiclr-17445	344	24	of	of	ADP
iiclr-17445	344	25	dividend	dividend	NOUN
iiclr-17445	344	26	income	income	NOUN
iiclr-17445	344	27	from	from	ADP
iiclr-17445	344	28	gross	gross	ADJ
iiclr-17445	344	29	revenue	revenue	NOUN
iiclr-17445	344	30	within	within	ADP
iiclr-17445	344	31	a	a	DET
iiclr-17445	344	32	prescribed	prescribed	ADJ
iiclr-17445	344	33	range	range	NOUN
iiclr-17445	344	34	.	.	PUNCT
iiclr-17445	345	1	one	one	NUM
iiclr-17445	345	2	reason	reason	NOUN
iiclr-17445	345	3	given	give	VERB
iiclr-17445	345	4	for	for	ADP
iiclr-17445	345	5	the	the	DET
iiclr-17445	345	6	quasi	quasi	ADJ
iiclr-17445	345	7	-	-	ADJ
iiclr-17445	345	8	interest	interest	ADJ
iiclr-17445	345	9	income	income	NOUN
iiclr-17445	345	10	treatment	treatment	NOUN
iiclr-17445	345	11	of	of	ADP
iiclr-17445	345	12	stock	stock	NOUN
iiclr-17445	345	13	fund	fund	NOUN
iiclr-17445	345	14	distributions	distribution	NOUN
iiclr-17445	345	15	is	be	AUX
iiclr-17445	345	16	that	that	SCONJ
iiclr-17445	345	17	stock	stock	NOUN
iiclr-17445	345	18	funds	fund	NOUN
iiclr-17445	345	19	are	be	AUX
iiclr-17445	345	20	today	today	NOUN
iiclr-17445	345	21	a	a	DET
iiclr-17445	345	22	widely	widely	ADV
iiclr-17445	345	23	accepted	accept	VERB
iiclr-17445	345	24	vehicle	vehicle	NOUN
iiclr-17445	345	25	for	for	ADP
iiclr-17445	345	26	small	small	ADJ
iiclr-17445	345	27	investments	investment	NOUN
iiclr-17445	345	28	.	.	PUNCT
iiclr-17445	346	1	another	another	DET
iiclr-17445	346	2	reason	reason	NOUN
iiclr-17445	346	3	is	be	AUX
iiclr-17445	346	4	to	to	PART
iiclr-17445	346	5	put	put	VERB
iiclr-17445	346	6	stock	stock	NOUN
iiclr-17445	346	7	funds	fund	NOUN
iiclr-17445	346	8	on	on	ADP
iiclr-17445	346	9	an	an	DET
iiclr-17445	346	10	equal	equal	ADJ
iiclr-17445	346	11	footing	footing	NOUN
iiclr-17445	346	12	with	with	ADP
iiclr-17445	346	13	the	the	DET
iiclr-17445	346	14	similarly	similarly	ADV
iiclr-17445	346	15	structured	structure	VERB
iiclr-17445	346	16	jointly	jointly	ADV
iiclr-17445	346	17	-	-	PUNCT
iiclr-17445	346	18	managed	manage	VERB
iiclr-17445	346	19	money	money	NOUN
iiclr-17445	346	20	trust	trust	NOUN
iiclr-17445	346	21	accounts	account	NOUN
iiclr-17445	346	22	whose	whose	DET
iiclr-17445	346	23	income	income	NOUN
iiclr-17445	346	24	distributions	distribution	NOUN
iiclr-17445	346	25	are	be	AUX
iiclr-17445	346	26	taxed	tax	VERB
iiclr-17445	346	27	as	as	ADP
iiclr-17445	346	28	interest	interest	NOUN
iiclr-17445	346	29	income	income	NOUN
iiclr-17445	346	30	.	.	PUNCT
iiclr-17445	347	1	at	at	ADP
iiclr-17445	347	2	any	any	DET
iiclr-17445	347	3	rate	rate	NOUN
iiclr-17445	347	4	,	,	PUNCT
iiclr-17445	347	5	the	the	DET
iiclr-17445	347	6	treatment	treatment	NOUN
iiclr-17445	347	7	of	of	ADP
iiclr-17445	347	8	income	income	NOUN
iiclr-17445	347	9	distributions	distribution	NOUN
iiclr-17445	347	10	(	(	PUNCT
iiclr-17445	347	11	dividend	dividend	NOUN
iiclr-17445	347	12	income	income	NOUN
iiclr-17445	347	13	)	)	PUNCT
iiclr-17445	347	14	from	from	ADP
iiclr-17445	347	15	stock	stock	NOUN
iiclr-17445	347	16	funds	fund	NOUN
iiclr-17445	347	17	as	as	SCONJ
iiclr-17445	347	18	if	if	SCONJ
iiclr-17445	347	19	this	this	DET
iiclr-17445	347	20	income	income	NOUN
iiclr-17445	347	21	was	be	AUX
iiclr-17445	347	22	interest	interest	NOUN
iiclr-17445	347	23	on	on	ADP
iiclr-17445	347	24	deposits	deposit	NOUN
iiclr-17445	347	25	offering	offer	VERB
iiclr-17445	347	26	fixed	fix	VERB
iiclr-17445	347	27	rates	rate	NOUN
iiclr-17445	347	28	on	on	ADP
iiclr-17445	347	29	fixed	fix	VERB
iiclr-17445	347	30	amounts	amount	NOUN
iiclr-17445	347	31	of	of	ADP
iiclr-17445	347	32	principal	principal	NOUN
iiclr-17445	347	33	is	be	AUX
iiclr-17445	347	34	a	a	DET
iiclr-17445	347	35	major	major	ADJ
iiclr-17445	347	36	characteristic	characteristic	NOUN
iiclr-17445	347	37	of	of	ADP
iiclr-17445	347	38	stock	stock	NOUN
iiclr-17445	347	39	investment	investment	NOUN
iiclr-17445	347	40	trusts	trust	NOUN
iiclr-17445	347	41	in	in	ADP
iiclr-17445	347	42	japan	japan	PROPN
iiclr-17445	347	43	.	.	PUNCT
iiclr-17445	348	1	the	the	DET
iiclr-17445	348	2	extension	extension	NOUN
iiclr-17445	348	3	in	in	ADP
iiclr-17445	348	4	1977	1977	NUM
iiclr-17445	348	5	of	of	ADP
iiclr-17445	348	6	the	the	DET
iiclr-17445	348	7	maruyu	maruyu	PROPN
iiclr-17445	348	8	privilege	privilege	NOUN
iiclr-17445	348	9	,	,	PUNCT
iiclr-17445	348	10	the	the	DET
iiclr-17445	348	11	basic	basic	ADJ
iiclr-17445	348	12	tax	tax	NOUN
iiclr-17445	348	13	exemption	exemption	NOUN
iiclr-17445	348	14	for	for	ADP
iiclr-17445	348	15	small	small	ADJ
iiclr-17445	348	16	-	-	PUNCT
iiclr-17445	348	17	lot	lot	NOUN
iiclr-17445	348	18	savings	saving	NOUN
iiclr-17445	348	19	accounts	account	NOUN
iiclr-17445	348	20	,	,	PUNCT
iiclr-17445	348	21	to	to	ADP
iiclr-17445	348	22	stock	stock	NOUN
iiclr-17445	348	23	investment	investment	NOUN
iiclr-17445	348	24	trust	trust	NOUN
iiclr-17445	348	25	funds	fund	NOUN
iiclr-17445	348	26	is	be	AUX
iiclr-17445	348	27	said	say	VERB
iiclr-17445	348	28	to	to	PART
iiclr-17445	348	29	have	have	AUX
iiclr-17445	348	30	marked	mark	VERB
iiclr-17445	348	31	an	an	DET
iiclr-17445	348	32	epoch	epoch	NOUN
iiclr-17445	348	33	in	in	ADP
iiclr-17445	348	34	the	the	DET
iiclr-17445	348	35	history	history	NOUN
iiclr-17445	348	36	of	of	ADP
iiclr-17445	348	37	japan	japan	PROPN
iiclr-17445	348	38	's	's	PART
iiclr-17445	348	39	investment	investment	NOUN
iiclr-17445	348	40	trust	trust	NOUN
iiclr-17445	348	41	system	system	NOUN
iiclr-17445	348	42	.	.	PUNCT
iiclr-17445	349	1	however	however	ADV
iiclr-17445	349	2	,	,	PUNCT
iiclr-17445	349	3	to	to	PART
iiclr-17445	349	4	qualify	qualify	VERB
iiclr-17445	349	5	for	for	ADP
iiclr-17445	349	6	this	this	DET
iiclr-17445	349	7	exemption	exemption	NOUN
iiclr-17445	349	8	,	,	PUNCT
iiclr-17445	349	9	(	(	PUNCT
iiclr-17445	349	10	i	i	NOUN
iiclr-17445	349	11	)	)	PUNCT
iiclr-17445	349	12	the	the	DET
iiclr-17445	349	13	fund	fund	NOUN
iiclr-17445	349	14	's	's	PART
iiclr-17445	349	15	objective	objective	NOUN
iiclr-17445	349	16	had	have	VERB
iiclr-17445	349	17	to	to	PART
iiclr-17445	349	18	be	be	AUX
iiclr-17445	349	19	to	to	PART
iiclr-17445	349	20	secure	secure	VERB
iiclr-17445	349	21	stable	stable	ADJ
iiclr-17445	349	22	income	income	NOUN
iiclr-17445	349	23	distributions	distribution	NOUN
iiclr-17445	349	24	;	;	PUNCT
iiclr-17445	349	25	(	(	PUNCT
iiclr-17445	349	26	ii	ii	X
iiclr-17445	349	27	)	)	PUNCT
iiclr-17445	349	28	stocks	stock	NOUN
iiclr-17445	349	29	'	'	PART
iiclr-17445	349	30	ratio	ratio	NOUN
iiclr-17445	349	31	in	in	ADP
iiclr-17445	349	32	the	the	DET
iiclr-17445	349	33	portfolio	portfolio	NOUN
iiclr-17445	349	34	had	have	VERB
iiclr-17445	349	35	to	to	PART
iiclr-17445	349	36	be	be	AUX
iiclr-17445	349	37	less	less	ADJ
iiclr-17445	349	38	than	than	ADP
iiclr-17445	349	39	70	70	NUM
iiclr-17445	349	40	%	%	NOUN
iiclr-17445	349	41	;	;	PUNCT
iiclr-17445	349	42	and	and	CCONJ
iiclr-17445	349	43	(	(	PUNCT
iiclr-17445	349	44	iii	iii	X
iiclr-17445	349	45	)	)	PUNCT
iiclr-17445	349	46	the	the	DET
iiclr-17445	349	47	weight	weight	NOUN
iiclr-17445	349	48	of	of	ADP
iiclr-17445	349	49	any	any	DET
iiclr-17445	349	50	one	one	NUM
iiclr-17445	349	51	company	company	NOUN
iiclr-17445	349	52	's	's	PART
iiclr-17445	349	53	shares	share	NOUN
iiclr-17445	349	54	could	could	AUX
iiclr-17445	349	55	not	not	PART
iiclr-17445	349	56	be	be	AUX
iiclr-17445	349	57	more	more	ADJ
iiclr-17445	349	58	than	than	ADP
iiclr-17445	349	59	5	5	NUM
iiclr-17445	349	60	%	%	NOUN
iiclr-17445	349	61	.	.	PUNCT
iiclr-17445	350	1	stock	stock	NOUN
iiclr-17445	350	2	funds	fund	NOUN
iiclr-17445	350	3	which	which	PRON
iiclr-17445	350	4	met	meet	VERB
iiclr-17445	350	5	these	these	DET
iiclr-17445	350	6	requirements	requirement	NOUN
iiclr-17445	350	7	have	have	AUX
iiclr-17445	350	8	been	be	AUX
iiclr-17445	350	9	the	the	DET
iiclr-17445	350	10	major	major	ADJ
iiclr-17445	350	11	force	force	NOUN
iiclr-17445	350	12	in	in	ADP
iiclr-17445	350	13	the	the	DET
iiclr-17445	350	14	growth	growth	NOUN
iiclr-17445	350	15	of	of	ADP
iiclr-17445	350	16	stock	stock	NOUN
iiclr-17445	350	17	investment	investment	NOUN
iiclr-17445	350	18	trusts	trust	NOUN
iiclr-17445	350	19	and	and	CCONJ
iiclr-17445	350	20	are	be	AUX
iiclr-17445	350	21	the	the	DET
iiclr-17445	350	22	mainstay	mainstay	NOUN
iiclr-17445	350	23	of	of	ADP
iiclr-17445	350	24	this	this	DET
iiclr-17445	350	25	category	category	NOUN
iiclr-17445	350	26	of	of	ADP
iiclr-17445	350	27	investment	investment	NOUN
iiclr-17445	350	28	trusts	trust	NOUN
iiclr-17445	350	29	in	in	ADP
iiclr-17445	350	30	japan	japan	PROPN
iiclr-17445	350	31	today	today	NOUN
iiclr-17445	350	32	.	.	PUNCT
iiclr-17445	351	1	however	however	ADV
iiclr-17445	351	2	,	,	PUNCT
iiclr-17445	351	3	the	the	DET
iiclr-17445	351	4	maruyu	maruyu	VERB
iiclr-17445	351	5	tax	tax	NOUN
iiclr-17445	351	6	incentive	incentive	NOUN
iiclr-17445	351	7	system	system	NOUN
iiclr-17445	351	8	was	be	AUX
iiclr-17445	351	9	abolished	abolish	VERB
iiclr-17445	351	10	in	in	ADP
iiclr-17445	351	11	1988	1988	NUM
iiclr-17445	351	12	.	.	PUNCT
iiclr-17445	352	1	a	a	DET
iiclr-17445	352	2	similar	similar	ADJ
iiclr-17445	352	3	tax	tax	NOUN
iiclr-17445	352	4	exemption	exemption	NOUN
iiclr-17445	352	5	survives	survive	VERB
iiclr-17445	352	6	only	only	ADV
iiclr-17445	352	7	for	for	ADP
iiclr-17445	352	8	certain	certain	ADJ
iiclr-17445	352	9	taxpayers	taxpayer	NOUN
iiclr-17445	352	10	,	,	PUNCT
iiclr-17445	352	11	handicapped	handicapped	ADJ
iiclr-17445	352	12	persons	person	NOUN
iiclr-17445	352	13	and	and	CCONJ
iiclr-17445	352	14	senior	senior	ADJ
iiclr-17445	352	15	citizens	citizen	NOUN
iiclr-17445	352	16	,	,	PUNCT
iiclr-17445	352	17	under	under	ADP
iiclr-17445	352	18	the	the	DET
iiclr-17445	352	19	"	"	PUNCT
iiclr-17445	352	20	tax	tax	NOUN
iiclr-17445	352	21	exemption	exemption	NOUN
iiclr-17445	352	22	for	for	ADP
iiclr-17445	352	23	senior	senior	ADJ
iiclr-17445	352	24	citizens	citizen	NOUN
iiclr-17445	352	25	'	'	PART
iiclr-17445	352	26	small	small	ADJ
iiclr-17445	352	27	amount	amount	NOUN
iiclr-17445	352	28	savings	saving	NOUN
iiclr-17445	352	29	"	"	PUNCT
iiclr-17445	352	30	plan	plan	NOUN
iiclr-17445	352	31	.	.	PUNCT
iiclr-17445	353	1	34	34	NUM
iiclr-17445	354	1	it	it	PRON
iiclr-17445	354	2	may	may	AUX
iiclr-17445	354	3	be	be	AUX
iiclr-17445	354	4	asked	ask	VERB
iiclr-17445	354	5	why	why	SCONJ
iiclr-17445	354	6	stock	stock	NOUN
iiclr-17445	354	7	investment	investment	NOUN
iiclr-17445	354	8	trusts	trust	NOUN
iiclr-17445	354	9	have	have	AUX
iiclr-17445	354	10	been	be	AUX
iiclr-17445	354	11	granted	grant	VERB
iiclr-17445	354	12	the	the	DET
iiclr-17445	354	13	same	same	ADJ
iiclr-17445	354	14	favorable	favorable	ADJ
iiclr-17445	354	15	treatment	treatment	NOUN
iiclr-17445	354	16	regarding	regard	VERB
iiclr-17445	354	17	taxation	taxation	NOUN
iiclr-17445	354	18	as	as	ADV
iiclr-17445	354	19	safe	safe	ADJ
iiclr-17445	354	20	and	and	CCONJ
iiclr-17445	354	21	sure	sure	ADJ
iiclr-17445	354	22	savings	saving	NOUN
iiclr-17445	354	23	deposits	deposit	NOUN
iiclr-17445	354	24	despite	despite	SCONJ
iiclr-17445	354	25	the	the	DET
iiclr-17445	354	26	inherent	inherent	ADJ
iiclr-17445	354	27	risk	risk	NOUN
iiclr-17445	354	28	of	of	ADP
iiclr-17445	354	29	share	share	NOUN
iiclr-17445	354	30	price	price	NOUN
iiclr-17445	354	31	volatility	volatility	NOUN
iiclr-17445	354	32	in	in	ADP
iiclr-17445	354	33	these	these	DET
iiclr-17445	354	34	stock	stock	NOUN
iiclr-17445	354	35	trusts	trust	NOUN
iiclr-17445	354	36	due	due	ADP
iiclr-17445	354	37	to	to	ADP
iiclr-17445	354	38	the	the	DET
iiclr-17445	354	39	presence	presence	NOUN
iiclr-17445	354	40	of	of	ADP
iiclr-17445	354	41	stocks	stock	NOUN
iiclr-17445	354	42	in	in	ADP
iiclr-17445	354	43	their	their	PRON
iiclr-17445	354	44	portfolios	portfolio	NOUN
iiclr-17445	354	45	.	.	PUNCT
iiclr-17445	355	1	in	in	ADP
iiclr-17445	355	2	addition	addition	NOUN
iiclr-17445	355	3	to	to	ADP
iiclr-17445	355	4	the	the	DET
iiclr-17445	355	5	explanations	explanation	NOUN
iiclr-17445	355	6	for	for	ADP
iiclr-17445	355	7	taxation	taxation	NOUN
iiclr-17445	355	8	of	of	ADP
iiclr-17445	355	9	stock	stock	NOUN
iiclr-17445	355	10	fund	fund	PROPN
iiclr-17445	355	11	income	income	NOUN
iiclr-17445	355	12	distributions	distribution	NOUN
iiclr-17445	355	13	as	as	ADP
iiclr-17445	355	14	interest	interest	NOUN
iiclr-17445	355	15	income	income	NOUN
iiclr-17445	355	16	,	,	PUNCT
iiclr-17445	355	17	the	the	DET
iiclr-17445	355	18	following	follow	VERB
iiclr-17445	355	19	two	two	NUM
iiclr-17445	355	20	reasons	reason	NOUN
iiclr-17445	355	21	were	be	AUX
iiclr-17445	355	22	offered	offer	VERB
iiclr-17445	355	23	for	for	ADP
iiclr-17445	355	24	the	the	DET
iiclr-17445	355	25	granting	granting	NOUN
iiclr-17445	355	26	of	of	ADP
iiclr-17445	355	27	the	the	DET
iiclr-17445	355	28	maruyu	maruyu	NOUN
iiclr-17445	355	29	privilege	privilege	NOUN
iiclr-17445	355	30	:	:	PUNCT
iiclr-17445	355	31	(	(	PUNCT
iiclr-17445	355	32	1	1	X
iiclr-17445	355	33	)	)	PUNCT
iiclr-17445	355	34	from	from	ADP
iiclr-17445	355	35	the	the	DET
iiclr-17445	355	36	outset	outset	NOUN
iiclr-17445	355	37	,	,	PUNCT
iiclr-17445	355	38	the	the	DET
iiclr-17445	355	39	stock	stock	NOUN
iiclr-17445	355	40	investment	investment	NOUN
iiclr-17445	355	41	trust	trust	NOUN
iiclr-17445	355	42	has	have	AUX
iiclr-17445	355	43	been	be	AUX
iiclr-17445	355	44	a	a	DET
iiclr-17445	355	45	scheme	scheme	NOUN
iiclr-17445	355	46	for	for	ADP
iiclr-17445	355	47	stock	stock	NOUN
iiclr-17445	355	48	investment	investment	NOUN
iiclr-17445	355	49	by	by	ADP
iiclr-17445	355	50	experts	expert	NOUN
iiclr-17445	355	51	on	on	ADP
iiclr-17445	355	52	behalf	behalf	NOUN
iiclr-17445	355	53	of	of	ADP
iiclr-17445	355	54	and	and	CCONJ
iiclr-17445	355	55	for	for	ADP
iiclr-17445	355	56	the	the	DET
iiclr-17445	355	57	interest	interest	NOUN
iiclr-17445	355	58	of	of	ADP
iiclr-17445	355	59	many	many	ADJ
iiclr-17445	355	60	inexperienced	inexperienced	ADJ
iiclr-17445	355	61	investors	investor	NOUN
iiclr-17445	355	62	who	who	PRON
iiclr-17445	355	63	are	be	AUX
iiclr-17445	355	64	the	the	DET
iiclr-17445	355	65	34	34	NUM
iiclr-17445	355	66	.	.	PUNCT
iiclr-17445	355	67	individual	individual	ADJ
iiclr-17445	355	68	income	income	NOUN
iiclr-17445	355	69	tax	tax	NOUN
iiclr-17445	355	70	law	law	NOUN
iiclr-17445	355	71	,	,	PUNCT
iiclr-17445	355	72	art	art	NOUN
iiclr-17445	355	73	.	.	PUNCT
iiclr-17445	356	1	10	10	NUM
iiclr-17445	356	2	(	(	PUNCT
iiclr-17445	356	3	1965	1965	NUM
iiclr-17445	356	4	)	)	PUNCT
iiclr-17445	356	5	;	;	PUNCT
iiclr-17445	356	6	income	income	NOUN
iiclr-17445	356	7	tax	tax	NOUN
iiclr-17445	356	8	law	law	NOUN
iiclr-17445	356	9	enforcement	enforcement	NOUN
iiclr-17445	356	10	order	order	NOUN
iiclr-17445	356	11	,	,	PUNCT
iiclr-17445	356	12	art	art	NOUN
iiclr-17445	356	13	.	.	PUNCT
iiclr-17445	357	1	33	33	NUM
iiclr-17445	357	2	(	(	PUNCT
iiclr-17445	357	3	1965	1965	NUM
iiclr-17445	357	4	)	)	PUNCT
iiclr-17445	357	5	;	;	PUNCT
iiclr-17445	357	6	income	income	NOUN
iiclr-17445	357	7	tax	tax	NOUN
iiclr-17445	357	8	law	law	NOUN
iiclr-17445	357	9	enforcement	enforcement	NOUN
iiclr-17445	357	10	regulations	regulation	NOUN
iiclr-17445	357	11	,	,	PUNCT
iiclr-17445	357	12	art	art	NOUN
iiclr-17445	357	13	.	.	PUNCT
iiclr-17445	358	1	5	5	NUM
iiclr-17445	358	2	(	(	PUNCT
iiclr-17445	358	3	1965	1965	NUM
iiclr-17445	358	4	)	)	PUNCT
iiclr-17445	358	5	.	.	PUNCT
iiclr-17445	359	1	[	[	X
iiclr-17445	359	2	vol	vol	NOUN
iiclr-17445	359	3	.	.	PUNCT
iiclr-17445	359	4	2:385	2:385	NUM
iiclr-17445	359	5	japan	japan	PROPN
iiclr-17445	359	6	's	's	PART
iiclr-17445	359	7	investment	investment	NOUN
iiclr-17445	359	8	trust	trust	NOUN
iiclr-17445	359	9	beneficiaries	beneficiary	NOUN
iiclr-17445	359	10	in	in	ADP
iiclr-17445	359	11	the	the	DET
iiclr-17445	359	12	trust	trust	NOUN
iiclr-17445	359	13	.	.	PUNCT
iiclr-17445	360	1	this	this	DET
iiclr-17445	360	2	characteristic	characteristic	NOUN
iiclr-17445	360	3	has	have	AUX
iiclr-17445	360	4	been	be	AUX
iiclr-17445	360	5	accentuated	accentuate	VERB
iiclr-17445	360	6	by	by	ADP
iiclr-17445	360	7	the	the	DET
iiclr-17445	360	8	increase	increase	NOUN
iiclr-17445	360	9	in	in	ADP
iiclr-17445	360	10	the	the	DET
iiclr-17445	360	11	number	number	NOUN
iiclr-17445	360	12	of	of	ADP
iiclr-17445	360	13	small	small	ADJ
iiclr-17445	360	14	investors	investor	NOUN
iiclr-17445	360	15	who	who	PRON
iiclr-17445	360	16	flocked	flock	VERB
iiclr-17445	360	17	to	to	ADP
iiclr-17445	360	18	this	this	DET
iiclr-17445	360	19	type	type	NOUN
iiclr-17445	360	20	of	of	ADP
iiclr-17445	360	21	fund	fund	NOUN
iiclr-17445	360	22	as	as	ADP
iiclr-17445	360	23	a	a	DET
iiclr-17445	360	24	result	result	NOUN
iiclr-17445	360	25	of	of	ADP
iiclr-17445	360	26	the	the	DET
iiclr-17445	360	27	introduction	introduction	NOUN
iiclr-17445	360	28	of	of	ADP
iiclr-17445	360	29	the	the	DET
iiclr-17445	360	30	monthly	monthly	ADJ
iiclr-17445	360	31	payment	payment	NOUN
iiclr-17445	360	32	cumulative	cumulative	ADJ
iiclr-17445	360	33	investment	investment	NOUN
iiclr-17445	360	34	plan	plan	NOUN
iiclr-17445	360	35	.	.	PUNCT
iiclr-17445	361	1	furthermore	furthermore	ADV
iiclr-17445	361	2	,	,	PUNCT
iiclr-17445	361	3	technical	technical	ADJ
iiclr-17445	361	4	sophistication	sophistication	NOUN
iiclr-17445	361	5	in	in	ADP
iiclr-17445	361	6	fund	fund	NOUN
iiclr-17445	361	7	management	management	NOUN
iiclr-17445	361	8	has	have	AUX
iiclr-17445	361	9	advanced	advance	VERB
iiclr-17445	361	10	in	in	ADP
iiclr-17445	361	11	the	the	DET
iiclr-17445	361	12	direction	direction	NOUN
iiclr-17445	361	13	of	of	ADP
iiclr-17445	361	14	stability	stability	NOUN
iiclr-17445	361	15	through	through	ADP
iiclr-17445	361	16	the	the	DET
iiclr-17445	361	17	introduction	introduction	NOUN
iiclr-17445	361	18	of	of	ADP
iiclr-17445	361	19	family	family	NOUN
iiclr-17445	361	20	funds.3	funds.3	NOUN
iiclr-17445	361	21	5	5	NUM
iiclr-17445	361	22	(	(	PUNCT
iiclr-17445	361	23	2	2	NUM
iiclr-17445	361	24	)	)	PUNCT
iiclr-17445	361	25	although	although	SCONJ
iiclr-17445	361	26	risk	risk	NOUN
iiclr-17445	361	27	always	always	ADV
iiclr-17445	361	28	exists	exist	VERB
iiclr-17445	361	29	due	due	ADJ
iiclr-17445	361	30	to	to	ADP
iiclr-17445	361	31	stock	stock	NOUN
iiclr-17445	361	32	price	price	NOUN
iiclr-17445	361	33	volatility	volatility	NOUN
iiclr-17445	361	34	,	,	PUNCT
iiclr-17445	361	35	very	very	ADV
iiclr-17445	361	36	stable	stable	ADJ
iiclr-17445	361	37	bonds	bond	NOUN
iiclr-17445	361	38	,	,	PUNCT
iiclr-17445	361	39	principal	principal	NOUN
iiclr-17445	361	40	-	-	PUNCT
iiclr-17445	361	41	guaranteed	guarantee	VERB
iiclr-17445	361	42	call	call	NOUN
iiclr-17445	361	43	loans	loan	NOUN
iiclr-17445	361	44	,	,	PUNCT
iiclr-17445	361	45	and	and	CCONJ
iiclr-17445	361	46	certificates	certificate	NOUN
iiclr-17445	361	47	of	of	ADP
iiclr-17445	361	48	deposits	deposit	NOUN
iiclr-17445	361	49	have	have	AUX
iiclr-17445	361	50	gradually	gradually	ADV
iiclr-17445	361	51	come	come	VERB
iiclr-17445	361	52	to	to	PART
iiclr-17445	361	53	constitute	constitute	VERB
iiclr-17445	361	54	larger	large	ADJ
iiclr-17445	361	55	and	and	CCONJ
iiclr-17445	361	56	larger	large	ADJ
iiclr-17445	361	57	shares	share	NOUN
iiclr-17445	361	58	of	of	ADP
iiclr-17445	361	59	the	the	DET
iiclr-17445	361	60	stock	stock	NOUN
iiclr-17445	361	61	funds	fund	NOUN
iiclr-17445	361	62	'	'	PART
iiclr-17445	361	63	portfolios.36	portfolios.36	NOUN
iiclr-17445	361	64	although	although	SCONJ
iiclr-17445	361	65	the	the	DET
iiclr-17445	361	66	maruyu	maruyu	VERB
iiclr-17445	361	67	tax	tax	NOUN
iiclr-17445	361	68	incentive	incentive	NOUN
iiclr-17445	361	69	system	system	NOUN
iiclr-17445	361	70	has	have	AUX
iiclr-17445	361	71	been	be	AUX
iiclr-17445	361	72	abolished	abolish	VERB
iiclr-17445	361	73	with	with	ADP
iiclr-17445	361	74	regard	regard	NOUN
iiclr-17445	361	75	to	to	ADP
iiclr-17445	361	76	investment	investment	NOUN
iiclr-17445	361	77	trusts	trust	NOUN
iiclr-17445	361	78	,	,	PUNCT
iiclr-17445	361	79	the	the	DET
iiclr-17445	361	80	savings	saving	NOUN
iiclr-17445	361	81	orientation	orientation	NOUN
iiclr-17445	361	82	of	of	ADP
iiclr-17445	361	83	unit	unit	NOUN
iiclr-17445	361	84	-	-	PUNCT
iiclr-17445	361	85	type	type	NOUN
iiclr-17445	361	86	stock	stock	NOUN
iiclr-17445	361	87	funds	fund	NOUN
iiclr-17445	361	88	still	still	ADV
iiclr-17445	361	89	exists	exist	VERB
iiclr-17445	361	90	because	because	SCONJ
iiclr-17445	361	91	of	of	ADP
iiclr-17445	361	92	the	the	DET
iiclr-17445	361	93	inclusion	inclusion	NOUN
iiclr-17445	361	94	of	of	ADP
iiclr-17445	361	95	closed	closed	ADJ
iiclr-17445	361	96	periods	period	NOUN
iiclr-17445	361	97	and	and	CCONJ
iiclr-17445	361	98	the	the	DET
iiclr-17445	361	99	existence	existence	NOUN
iiclr-17445	361	100	of	of	ADP
iiclr-17445	361	101	stock	stock	NOUN
iiclr-17445	361	102	price	price	NOUN
iiclr-17445	361	103	fluctuation	fluctuation	NOUN
iiclr-17445	361	104	reserves	reserve	NOUN
iiclr-17445	361	105	.	.	PUNCT
iiclr-17445	362	1	the	the	DET
iiclr-17445	362	2	savings	saving	NOUN
iiclr-17445	362	3	orientation	orientation	NOUN
iiclr-17445	362	4	of	of	ADP
iiclr-17445	362	5	unit	unit	NOUN
iiclr-17445	362	6	-	-	PUNCT
iiclr-17445	362	7	type	type	NOUN
iiclr-17445	362	8	stock	stock	NOUN
iiclr-17445	362	9	funds	fund	NOUN
iiclr-17445	362	10	also	also	ADV
iiclr-17445	362	11	is	be	AUX
iiclr-17445	362	12	maintained	maintain	VERB
iiclr-17445	362	13	through	through	ADP
iiclr-17445	362	14	such	such	ADJ
iiclr-17445	362	15	factors	factor	NOUN
iiclr-17445	362	16	as	as	ADP
iiclr-17445	362	17	the	the	DET
iiclr-17445	362	18	licensing	licensing	NOUN
iiclr-17445	362	19	of	of	ADP
iiclr-17445	362	20	investment	investment	NOUN
iiclr-17445	362	21	trust	trust	NOUN
iiclr-17445	362	22	management	management	NOUN
iiclr-17445	362	23	companies	company	NOUN
iiclr-17445	362	24	by	by	ADP
iiclr-17445	362	25	the	the	DET
iiclr-17445	362	26	ministry	ministry	PROPN
iiclr-17445	362	27	of	of	ADP
iiclr-17445	362	28	finance	finance	PROPN
iiclr-17445	362	29	and	and	CCONJ
iiclr-17445	362	30	many	many	ADJ
iiclr-17445	362	31	regulatory	regulatory	ADJ
iiclr-17445	362	32	provisions	provision	NOUN
iiclr-17445	362	33	.	.	PUNCT
iiclr-17445	363	1	the	the	DET
iiclr-17445	363	2	savings	saving	NOUN
iiclr-17445	363	3	orientation	orientation	NOUN
iiclr-17445	363	4	of	of	ADP
iiclr-17445	363	5	japan	japan	PROPN
iiclr-17445	363	6	's	's	PART
iiclr-17445	363	7	investment	investment	NOUN
iiclr-17445	363	8	trust	trust	NOUN
iiclr-17445	363	9	is	be	AUX
iiclr-17445	363	10	not	not	PART
iiclr-17445	363	11	,	,	PUNCT
iiclr-17445	363	12	however	however	ADV
iiclr-17445	363	13	,	,	PUNCT
iiclr-17445	363	14	the	the	DET
iiclr-17445	363	15	monopoly	monopoly	NOUN
iiclr-17445	363	16	of	of	ADP
iiclr-17445	363	17	unit	unit	NOUN
iiclr-17445	363	18	-	-	PUNCT
iiclr-17445	363	19	type	type	NOUN
iiclr-17445	363	20	stock	stock	NOUN
iiclr-17445	363	21	funds	fund	NOUN
iiclr-17445	363	22	.	.	PUNCT
iiclr-17445	364	1	in	in	ADP
iiclr-17445	364	2	fact	fact	NOUN
iiclr-17445	364	3	,	,	PUNCT
iiclr-17445	364	4	many	many	ADJ
iiclr-17445	364	5	bond	bond	NOUN
iiclr-17445	364	6	investment	investment	NOUN
iiclr-17445	364	7	trust	trust	NOUN
iiclr-17445	364	8	funds	fund	NOUN
iiclr-17445	364	9	are	be	AUX
iiclr-17445	364	10	comprised	comprise	VERB
iiclr-17445	364	11	of	of	ADP
iiclr-17445	364	12	features	feature	NOUN
iiclr-17445	364	13	which	which	PRON
iiclr-17445	364	14	function	function	VERB
iiclr-17445	364	15	to	to	PART
iiclr-17445	364	16	encourage	encourage	VERB
iiclr-17445	364	17	35	35	NUM
iiclr-17445	364	18	.	.	PUNCT
iiclr-17445	365	1	family	family	NOUN
iiclr-17445	365	2	funds	fund	NOUN
iiclr-17445	365	3	were	be	AUX
iiclr-17445	365	4	introduced	introduce	VERB
iiclr-17445	365	5	in	in	ADP
iiclr-17445	365	6	1967	1967	NUM
iiclr-17445	365	7	by	by	ADP
iiclr-17445	365	8	an	an	DET
iiclr-17445	365	9	amendment	amendment	NOUN
iiclr-17445	365	10	to	to	ADP
iiclr-17445	365	11	the	the	DET
iiclr-17445	365	12	securities	security	NOUN
iiclr-17445	365	13	investment	investment	PROPN
iiclr-17445	365	14	trust	trust	NOUN
iiclr-17445	365	15	law	law	NOUN
iiclr-17445	365	16	for	for	ADP
iiclr-17445	365	17	the	the	DET
iiclr-17445	365	18	improvement	improvement	NOUN
iiclr-17445	365	19	of	of	ADP
iiclr-17445	365	20	efficiency	efficiency	NOUN
iiclr-17445	365	21	and	and	CCONJ
iiclr-17445	365	22	consistency	consistency	NOUN
iiclr-17445	365	23	in	in	ADP
iiclr-17445	365	24	asset	asset	NOUN
iiclr-17445	365	25	management	management	NOUN
iiclr-17445	365	26	.	.	PUNCT
iiclr-17445	366	1	family	family	NOUN
iiclr-17445	366	2	funds	fund	NOUN
iiclr-17445	366	3	are	be	AUX
iiclr-17445	366	4	expected	expect	VERB
iiclr-17445	366	5	to	to	PART
iiclr-17445	366	6	accomplish	accomplish	VERB
iiclr-17445	366	7	these	these	DET
iiclr-17445	366	8	goals	goal	NOUN
iiclr-17445	366	9	by	by	ADP
iiclr-17445	366	10	allowing	allow	VERB
iiclr-17445	366	11	the	the	DET
iiclr-17445	366	12	unification	unification	NOUN
iiclr-17445	366	13	of	of	ADP
iiclr-17445	366	14	assets	asset	NOUN
iiclr-17445	366	15	management	management	NOUN
iiclr-17445	366	16	for	for	ADP
iiclr-17445	366	17	unit	unit	NOUN
iiclr-17445	366	18	-	-	PUNCT
iiclr-17445	366	19	type	type	NOUN
iiclr-17445	366	20	funds	fund	NOUN
iiclr-17445	366	21	launched	launch	VERB
iiclr-17445	366	22	each	each	DET
iiclr-17445	366	23	month	month	NOUN
iiclr-17445	366	24	.	.	PUNCT
iiclr-17445	367	1	family	family	NOUN
iiclr-17445	367	2	funds	fund	NOUN
iiclr-17445	367	3	are	be	AUX
iiclr-17445	367	4	composed	compose	VERB
iiclr-17445	367	5	of	of	ADP
iiclr-17445	367	6	a	a	DET
iiclr-17445	367	7	few	few	ADJ
iiclr-17445	367	8	parent	parent	NOUN
iiclr-17445	367	9	(	(	PUNCT
iiclr-17445	367	10	mother	mother	NOUN
iiclr-17445	367	11	)	)	PUNCT
iiclr-17445	367	12	funds	fund	NOUN
iiclr-17445	367	13	and	and	CCONJ
iiclr-17445	367	14	many	many	ADJ
iiclr-17445	367	15	subsidiary	subsidiary	NOUN
iiclr-17445	367	16	(	(	PUNCT
iiclr-17445	367	17	baby	baby	NOUN
iiclr-17445	367	18	)	)	PUNCT
iiclr-17445	367	19	funds	fund	NOUN
iiclr-17445	367	20	.	.	PUNCT
iiclr-17445	368	1	within	within	ADP
iiclr-17445	368	2	this	this	DET
iiclr-17445	368	3	framework	framework	NOUN
iiclr-17445	368	4	,	,	PUNCT
iiclr-17445	368	5	mother	mother	NOUN
iiclr-17445	368	6	funds	fund	NOUN
iiclr-17445	368	7	are	be	AUX
iiclr-17445	368	8	responsible	responsible	ADJ
iiclr-17445	368	9	for	for	ADP
iiclr-17445	368	10	concentrated	concentrated	ADJ
iiclr-17445	368	11	investment	investment	NOUN
iiclr-17445	368	12	,	,	PUNCT
iiclr-17445	368	13	and	and	CCONJ
iiclr-17445	368	14	each	each	DET
iiclr-17445	368	15	baby	baby	NOUN
iiclr-17445	368	16	fund	fund	NOUN
iiclr-17445	368	17	invests	invest	NOUN
iiclr-17445	368	18	in	in	ADP
iiclr-17445	368	19	principle	principle	NOUN
iiclr-17445	368	20	only	only	ADV
iiclr-17445	368	21	in	in	ADP
iiclr-17445	368	22	the	the	DET
iiclr-17445	368	23	beneficiary	beneficiary	NOUN
iiclr-17445	368	24	certificates	certificate	NOUN
iiclr-17445	368	25	of	of	ADP
iiclr-17445	368	26	the	the	DET
iiclr-17445	368	27	mother	mother	NOUN
iiclr-17445	368	28	fund	fund	PROPN
iiclr-17445	368	29	.	.	PUNCT
iiclr-17445	369	1	this	this	DET
iiclr-17445	369	2	scheme	scheme	NOUN
iiclr-17445	369	3	was	be	AUX
iiclr-17445	369	4	designed	design	VERB
iiclr-17445	369	5	to	to	PART
iiclr-17445	369	6	rectify	rectify	VERB
iiclr-17445	369	7	the	the	DET
iiclr-17445	369	8	weakness	weakness	NOUN
iiclr-17445	369	9	of	of	ADP
iiclr-17445	369	10	unit	unit	NOUN
iiclr-17445	369	11	-	-	PUNCT
iiclr-17445	369	12	type	type	NOUN
iiclr-17445	369	13	funds	fund	NOUN
iiclr-17445	369	14	,	,	PUNCT
iiclr-17445	369	15	namely	namely	ADV
iiclr-17445	369	16	,	,	PUNCT
iiclr-17445	369	17	the	the	DET
iiclr-17445	369	18	fund	fund	NOUN
iiclr-17445	369	19	capital	capital	NOUN
iiclr-17445	369	20	attrition	attrition	NOUN
iiclr-17445	369	21	created	create	VERB
iiclr-17445	369	22	by	by	ADP
iiclr-17445	369	23	the	the	DET
iiclr-17445	369	24	early	early	ADJ
iiclr-17445	369	25	redemption	redemption	NOUN
iiclr-17445	369	26	without	without	ADP
iiclr-17445	369	27	replenishment	replenishment	NOUN
iiclr-17445	369	28	by	by	ADP
iiclr-17445	369	29	additional	additional	ADJ
iiclr-17445	369	30	beneficiary	beneficiary	NOUN
iiclr-17445	369	31	certificate	certificate	NOUN
iiclr-17445	369	32	sales	sale	NOUN
iiclr-17445	369	33	and	and	CCONJ
iiclr-17445	369	34	the	the	DET
iiclr-17445	369	35	resulting	result	VERB
iiclr-17445	369	36	erosion	erosion	NOUN
iiclr-17445	369	37	in	in	ADP
iiclr-17445	369	38	consistency	consistency	NOUN
iiclr-17445	369	39	in	in	ADP
iiclr-17445	369	40	fund	fund	NOUN
iiclr-17445	369	41	management	management	NOUN
iiclr-17445	369	42	.	.	PUNCT
iiclr-17445	370	1	family	family	NOUN
iiclr-17445	370	2	funds	fund	NOUN
iiclr-17445	370	3	experienced	experience	VERB
iiclr-17445	370	4	rapid	rapid	ADJ
iiclr-17445	370	5	growth	growth	NOUN
iiclr-17445	370	6	beginning	begin	VERB
iiclr-17445	370	7	in	in	ADP
iiclr-17445	370	8	1970	1970	NUM
iiclr-17445	370	9	,	,	PUNCT
iiclr-17445	370	10	but	but	CCONJ
iiclr-17445	370	11	have	have	AUX
iiclr-17445	370	12	lost	lose	VERB
iiclr-17445	370	13	some	some	PRON
iiclr-17445	370	14	of	of	ADP
iiclr-17445	370	15	their	their	PRON
iiclr-17445	370	16	momentum	momentum	NOUN
iiclr-17445	370	17	in	in	ADP
iiclr-17445	370	18	recent	recent	ADJ
iiclr-17445	370	19	years	year	NOUN
iiclr-17445	370	20	.	.	PUNCT
iiclr-17445	371	1	this	this	DET
iiclr-17445	371	2	latter	latter	ADJ
iiclr-17445	371	3	fact	fact	NOUN
iiclr-17445	371	4	is	be	AUX
iiclr-17445	371	5	due	due	ADJ
iiclr-17445	371	6	to	to	ADP
iiclr-17445	371	7	the	the	DET
iiclr-17445	371	8	reversion	reversion	NOUN
iiclr-17445	371	9	by	by	ADP
iiclr-17445	371	10	certain	certain	ADJ
iiclr-17445	371	11	funds	fund	NOUN
iiclr-17445	371	12	to	to	ADP
iiclr-17445	371	13	independent	independent	ADJ
iiclr-17445	371	14	investment	investment	NOUN
iiclr-17445	371	15	management	management	NOUN
iiclr-17445	371	16	of	of	ADP
iiclr-17445	371	17	each	each	DET
iiclr-17445	371	18	fund	fund	NOUN
iiclr-17445	371	19	which	which	PRON
iiclr-17445	371	20	has	have	AUX
iiclr-17445	371	21	been	be	AUX
iiclr-17445	371	22	stimulated	stimulate	VERB
iiclr-17445	371	23	by	by	ADP
iiclr-17445	371	24	the	the	DET
iiclr-17445	371	25	phenomenal	phenomenal	ADJ
iiclr-17445	371	26	advances	advance	NOUN
iiclr-17445	371	27	in	in	ADP
iiclr-17445	371	28	computer	computer	NOUN
iiclr-17445	371	29	-	-	PUNCT
iiclr-17445	371	30	based	base	VERB
iiclr-17445	371	31	asset	asset	NOUN
iiclr-17445	371	32	management	management	NOUN
iiclr-17445	371	33	control	control	NOUN
iiclr-17445	371	34	capabilities	capability	NOUN
iiclr-17445	371	35	.	.	PUNCT
iiclr-17445	372	1	36	36	NUM
iiclr-17445	372	2	.	.	PUNCT
iiclr-17445	373	1	investment	investment	NOUN
iiclr-17445	373	2	trusts	trust	VERB
iiclr-17445	373	3	association	association	PROPN
iiclr-17445	373	4	of	of	ADP
iiclr-17445	373	5	japan	japan	PROPN
iiclr-17445	373	6	(	(	PUNCT
iiclr-17445	373	7	1990	1990	NUM
iiclr-17445	373	8	)	)	PUNCT
iiclr-17445	373	9	.	.	PUNCT
iiclr-17445	374	1	portfolio	portfolio	NOUN
iiclr-17445	374	2	composition	composition	NOUN
iiclr-17445	374	3	of	of	ADP
iiclr-17445	374	4	stock	stock	NOUN
iiclr-17445	374	5	investment	investment	NOUN
iiclr-17445	374	6	trusts	trust	NOUN
iiclr-17445	374	7	(	(	PUNCT
iiclr-17445	374	8	%	%	INTJ
iiclr-17445	374	9	)	)	PUNCT
iiclr-17445	374	10	1951	1951	NUM
iiclr-17445	374	11	1961	1961	NUM
iiclr-17445	374	12	1971	1971	NUM
iiclr-17445	374	13	1981	1981	NUM
iiclr-17445	374	14	1986	1986	NUM
iiclr-17445	374	15	1989	1989	NUM
iiclr-17445	374	16	call	call	NOUN
iiclr-17445	374	17	loans	loan	NOUN
iiclr-17445	374	18	,	,	PUNCT
iiclr-17445	374	19	cds	cd	NOUN
iiclr-17445	374	20	,	,	PUNCT
iiclr-17445	374	21	etc	etc	X
iiclr-17445	374	22	.	.	X
iiclr-17445	374	23	9.4	9.4	NUM
iiclr-17445	374	24	10.6	10.6	NUM
iiclr-17445	374	25	28.2	28.2	NUM
iiclr-17445	374	26	23.6	23.6	NUM
iiclr-17445	374	27	20.8	20.8	NUM
iiclr-17445	374	28	31.7	31.7	NUM
iiclr-17445	374	29	bonds	bond	NOUN
iiclr-17445	374	30	0.6	0.6	NUM
iiclr-17445	374	31	16.2	16.2	NUM
iiclr-17445	374	32	16.2	16.2	NUM
iiclr-17445	374	33	35.8	35.8	NUM
iiclr-17445	374	34	46.2	46.2	NUM
iiclr-17445	374	35	18.8	18.8	NUM
iiclr-17445	374	36	stocks	stock	NOUN
iiclr-17445	374	37	90.0	90.0	NUM
iiclr-17445	374	38	73.2	73.2	NUM
iiclr-17445	374	39	55.6	55.6	NUM
iiclr-17445	374	40	40.6	40.6	NUM
iiclr-17445	374	41	33.0	33.0	NUM
iiclr-17445	374	42	49.5	49.5	NUM
iiclr-17445	374	43	19921	19921	NUM
iiclr-17445	374	44	ind	ind	NOUN
iiclr-17445	374	45	.	.	PUNCT
iiclr-17445	375	1	int'l	int'l	PROPN
iiclr-17445	375	2	&	&	CCONJ
iiclr-17445	375	3	comp	comp	PROPN
iiclr-17445	375	4	.	.	PUNCT
iiclr-17445	376	1	l.	l.	PROPN
iiclr-17445	376	2	rev	rev	PROPN
iiclr-17445	376	3	.	.	PUNCT
iiclr-17445	377	1	savings	saving	NOUN
iiclr-17445	377	2	by	by	ADP
iiclr-17445	377	3	the	the	DET
iiclr-17445	377	4	japanese	japanese	ADJ
iiclr-17445	377	5	citizenry	citizenry	NOUN
iiclr-17445	377	6	.	.	PUNCT
iiclr-17445	378	1	long	long	ADJ
iiclr-17445	378	2	-	-	PUNCT
iiclr-17445	378	3	term	term	NOUN
iiclr-17445	378	4	bond	bond	NOUN
iiclr-17445	378	5	investment	investment	NOUN
iiclr-17445	378	6	trust	trust	NOUN
iiclr-17445	378	7	funds	fund	NOUN
iiclr-17445	378	8	were	be	AUX
iiclr-17445	378	9	introduced	introduce	VERB
iiclr-17445	378	10	in	in	ADP
iiclr-17445	378	11	1961	1961	NUM
iiclr-17445	378	12	,	,	PUNCT
iiclr-17445	378	13	ten	ten	NUM
iiclr-17445	378	14	years	year	NOUN
iiclr-17445	378	15	later	later	ADV
iiclr-17445	378	16	than	than	ADP
iiclr-17445	378	17	stock	stock	NOUN
iiclr-17445	378	18	funds	fund	NOUN
iiclr-17445	378	19	,	,	PUNCT
iiclr-17445	378	20	and	and	CCONJ
iiclr-17445	378	21	were	be	AUX
iiclr-17445	378	22	the	the	DET
iiclr-17445	378	23	first	first	ADJ
iiclr-17445	378	24	bond	bond	NOUN
iiclr-17445	378	25	investment	investment	NOUN
iiclr-17445	378	26	trusts	trust	NOUN
iiclr-17445	378	27	in	in	ADP
iiclr-17445	378	28	japan	japan	PROPN
iiclr-17445	378	29	.	.	PUNCT
iiclr-17445	379	1	these	these	DET
iiclr-17445	379	2	bond	bond	NOUN
iiclr-17445	379	3	funds	fund	NOUN
iiclr-17445	379	4	are	be	AUX
iiclr-17445	379	5	of	of	ADP
iiclr-17445	379	6	the	the	DET
iiclr-17445	379	7	supplementary	supplementary	ADJ
iiclr-17445	379	8	-	-	PUNCT
iiclr-17445	379	9	funding	funding	NOUN
iiclr-17445	379	10	type	type	NOUN
iiclr-17445	379	11	,	,	PUNCT
iiclr-17445	379	12	not	not	PART
iiclr-17445	379	13	unit	unit	NOUN
iiclr-17445	379	14	-	-	PUNCT
iiclr-17445	379	15	type	type	NOUN
iiclr-17445	379	16	.	.	PUNCT
iiclr-17445	380	1	long	long	ADJ
iiclr-17445	380	2	-	-	PUNCT
iiclr-17445	380	3	term	term	NOUN
iiclr-17445	380	4	bond	bond	NOUN
iiclr-17445	380	5	investment	investment	NOUN
iiclr-17445	380	6	trusts	trust	NOUN
iiclr-17445	380	7	operate	operate	VERB
iiclr-17445	380	8	in	in	ADP
iiclr-17445	380	9	a	a	DET
iiclr-17445	380	10	uniquely	uniquely	ADV
iiclr-17445	380	11	japanese	japanese	ADJ
iiclr-17445	380	12	way	way	NOUN
iiclr-17445	380	13	and	and	CCONJ
iiclr-17445	380	14	are	be	AUX
iiclr-17445	380	15	different	different	ADJ
iiclr-17445	380	16	from	from	ADP
iiclr-17445	380	17	the	the	DET
iiclr-17445	380	18	typical	typical	ADJ
iiclr-17445	380	19	international	international	ADJ
iiclr-17445	380	20	open	open	ADJ
iiclr-17445	380	21	-	-	PUNCT
iiclr-17445	380	22	end	end	NOUN
iiclr-17445	380	23	bond	bond	NOUN
iiclr-17445	380	24	fund	fund	NOUN
iiclr-17445	380	25	that	that	PRON
iiclr-17445	380	26	offers	offer	VERB
iiclr-17445	380	27	unrestricted	unrestricted	ADJ
iiclr-17445	380	28	purchase	purchase	NOUN
iiclr-17445	380	29	and	and	CCONJ
iiclr-17445	380	30	sale	sale	NOUN
iiclr-17445	380	31	opportunities	opportunity	NOUN
iiclr-17445	380	32	.	.	PUNCT
iiclr-17445	381	1	these	these	DET
iiclr-17445	381	2	long	long	ADJ
iiclr-17445	381	3	-	-	PUNCT
iiclr-17445	381	4	term	term	NOUN
iiclr-17445	381	5	bond	bond	NOUN
iiclr-17445	381	6	investment	investment	NOUN
iiclr-17445	381	7	trusts	trust	NOUN
iiclr-17445	381	8	are	be	AUX
iiclr-17445	381	9	designed	design	VERB
iiclr-17445	381	10	more	more	ADV
iiclr-17445	381	11	elaborately	elaborately	ADV
iiclr-17445	381	12	than	than	ADP
iiclr-17445	381	13	the	the	DET
iiclr-17445	381	14	unit	unit	NOUN
iiclr-17445	381	15	-	-	PUNCT
iiclr-17445	381	16	type	type	NOUN
iiclr-17445	381	17	stock	stock	NOUN
iiclr-17445	381	18	funds	fund	NOUN
iiclr-17445	381	19	mentioned	mention	VERB
iiclr-17445	381	20	above	above	ADV
iiclr-17445	381	21	and	and	CCONJ
iiclr-17445	381	22	exhibit	exhibit	VERB
iiclr-17445	381	23	attributes	attribute	NOUN
iiclr-17445	381	24	closer	close	ADV
iiclr-17445	381	25	in	in	ADP
iiclr-17445	381	26	nature	nature	NOUN
iiclr-17445	381	27	to	to	PART
iiclr-17445	381	28	principalguaranteed	principalguaranteed	VERB
iiclr-17445	381	29	savings	saving	NOUN
iiclr-17445	381	30	and	and	CCONJ
iiclr-17445	381	31	deposit	deposit	NOUN
iiclr-17445	381	32	accounts	account	NOUN
iiclr-17445	381	33	.	.	PUNCT
iiclr-17445	382	1	to	to	PART
iiclr-17445	382	2	achieve	achieve	VERB
iiclr-17445	382	3	this	this	DET
iiclr-17445	382	4	latter	latter	ADJ
iiclr-17445	382	5	quality	quality	NOUN
iiclr-17445	382	6	,	,	PUNCT
iiclr-17445	382	7	these	these	DET
iiclr-17445	382	8	funds	fund	NOUN
iiclr-17445	382	9	utilize	utilize	VERB
iiclr-17445	382	10	the	the	DET
iiclr-17445	382	11	characteristic	characteristic	NOUN
iiclr-17445	382	12	of	of	ADP
iiclr-17445	382	13	bonds	bond	NOUN
iiclr-17445	382	14	that	that	PRON
iiclr-17445	382	15	assures	assure	VERB
iiclr-17445	382	16	par	par	NOUN
iiclr-17445	382	17	value	value	NOUN
iiclr-17445	382	18	redemption	redemption	NOUN
iiclr-17445	382	19	if	if	SCONJ
iiclr-17445	382	20	the	the	DET
iiclr-17445	382	21	bonds	bond	NOUN
iiclr-17445	382	22	are	be	AUX
iiclr-17445	382	23	held	hold	VERB
iiclr-17445	382	24	to	to	ADP
iiclr-17445	382	25	maturity	maturity	NOUN
iiclr-17445	382	26	and	and	CCONJ
iiclr-17445	382	27	mitigate	mitigate	VERB
iiclr-17445	382	28	bond	bond	NOUN
iiclr-17445	382	29	price	price	NOUN
iiclr-17445	382	30	volatility	volatility	NOUN
iiclr-17445	382	31	through	through	ADP
iiclr-17445	382	32	a	a	DET
iiclr-17445	382	33	special	special	ADJ
iiclr-17445	382	34	design	design	NOUN
iiclr-17445	382	35	which	which	PRON
iiclr-17445	382	36	includes	include	VERB
iiclr-17445	382	37	the	the	DET
iiclr-17445	382	38	anticipation	anticipation	NOUN
iiclr-17445	382	39	of	of	ADP
iiclr-17445	382	40	returns	return	NOUN
iiclr-17445	382	41	,	,	PUNCT
iiclr-17445	382	42	the	the	DET
iiclr-17445	382	43	use	use	NOUN
iiclr-17445	382	44	of	of	ADP
iiclr-17445	382	45	a	a	DET
iiclr-17445	382	46	theoretical	theoretical	ADJ
iiclr-17445	382	47	valuation	valuation	NOUN
iiclr-17445	382	48	method	method	NOUN
iiclr-17445	382	49	,	,	PUNCT
iiclr-17445	382	50	and	and	CCONJ
iiclr-17445	382	51	the	the	DET
iiclr-17445	382	52	adoption	adoption	NOUN
iiclr-17445	382	53	of	of	ADP
iiclr-17445	382	54	cumulative	cumulative	ADJ
iiclr-17445	382	55	investment	investment	NOUN
iiclr-17445	382	56	plans	plan	NOUN
iiclr-17445	382	57	.	.	PUNCT
iiclr-17445	383	1	in	in	ADP
iiclr-17445	383	2	practice	practice	NOUN
iiclr-17445	383	3	,	,	PUNCT
iiclr-17445	383	4	these	these	DET
iiclr-17445	383	5	funds	fund	NOUN
iiclr-17445	383	6	are	be	AUX
iiclr-17445	383	7	offered	offer	VERB
iiclr-17445	383	8	for	for	ADP
iiclr-17445	383	9	subscription	subscription	NOUN
iiclr-17445	383	10	with	with	ADP
iiclr-17445	383	11	an	an	DET
iiclr-17445	383	12	anticipated	anticipated	ADJ
iiclr-17445	383	13	return	return	NOUN
iiclr-17445	383	14	set	set	VERB
iiclr-17445	383	15	for	for	ADP
iiclr-17445	383	16	the	the	DET
iiclr-17445	383	17	first	first	ADJ
iiclr-17445	383	18	year	year	NOUN
iiclr-17445	383	19	and	and	CCONJ
iiclr-17445	383	20	an	an	DET
iiclr-17445	383	21	assurance	assurance	NOUN
iiclr-17445	383	22	of	of	ADP
iiclr-17445	383	23	the	the	DET
iiclr-17445	383	24	maintenance	maintenance	NOUN
iiclr-17445	383	25	of	of	ADP
iiclr-17445	383	26	par	par	NOUN
iiclr-17445	383	27	value	value	NOUN
iiclr-17445	383	28	through	through	ADP
iiclr-17445	383	29	the	the	DET
iiclr-17445	383	30	theoretical	theoretical	ADJ
iiclr-17445	383	31	valuation	valuation	NOUN
iiclr-17445	383	32	of	of	ADP
iiclr-17445	383	33	bonds	bond	NOUN
iiclr-17445	383	34	held	hold	VERB
iiclr-17445	383	35	in	in	ADP
iiclr-17445	383	36	their	their	PRON
iiclr-17445	383	37	portfolios	portfolio	NOUN
iiclr-17445	383	38	.	.	PUNCT
iiclr-17445	384	1	in	in	ADP
iiclr-17445	384	2	the	the	DET
iiclr-17445	384	3	case	case	NOUN
iiclr-17445	384	4	of	of	ADP
iiclr-17445	384	5	unlisted	unlisted	ADJ
iiclr-17445	384	6	bonds	bond	NOUN
iiclr-17445	384	7	purchased	purchase	VERB
iiclr-17445	384	8	in	in	ADP
iiclr-17445	384	9	large	large	ADJ
iiclr-17445	384	10	quantities	quantity	NOUN
iiclr-17445	384	11	,	,	PUNCT
iiclr-17445	384	12	valuation	valuation	NOUN
iiclr-17445	384	13	is	be	AUX
iiclr-17445	384	14	on	on	ADP
iiclr-17445	384	15	the	the	DET
iiclr-17445	384	16	basis	basis	NOUN
iiclr-17445	384	17	of	of	ADP
iiclr-17445	384	18	costs	cost	NOUN
iiclr-17445	384	19	of	of	ADP
iiclr-17445	384	20	these	these	DET
iiclr-17445	384	21	unlisted	unliste	VERB
iiclr-17445	384	22	bonds	bond	NOUN
iiclr-17445	384	23	which	which	PRON
iiclr-17445	384	24	are	be	AUX
iiclr-17445	384	25	normally	normally	ADV
iiclr-17445	384	26	lower	low	ADJ
iiclr-17445	384	27	than	than	ADP
iiclr-17445	384	28	the	the	DET
iiclr-17445	384	29	par	par	NOUN
iiclr-17445	384	30	value	value	NOUN
iiclr-17445	384	31	of	of	ADP
iiclr-17445	384	32	the	the	DET
iiclr-17445	384	33	bonds	bond	NOUN
iiclr-17445	384	34	at	at	ADP
iiclr-17445	384	35	purchase	purchase	NOUN
iiclr-17445	384	36	with	with	ADP
iiclr-17445	384	37	unlisted	unlisted	ADJ
iiclr-17445	384	38	bonds	bond	NOUN
iiclr-17445	384	39	being	be	AUX
iiclr-17445	384	40	subsequently	subsequently	ADV
iiclr-17445	384	41	valued	value	VERB
iiclr-17445	384	42	in	in	ADP
iiclr-17445	384	43	a	a	DET
iiclr-17445	384	44	virtually	virtually	ADV
iiclr-17445	384	45	straight	straight	ADJ
iiclr-17445	384	46	upward	upward	ADJ
iiclr-17445	384	47	slanting	slanting	NOUN
iiclr-17445	384	48	line	line	NOUN
iiclr-17445	384	49	to	to	PART
iiclr-17445	384	50	reach	reach	VERB
iiclr-17445	384	51	par	par	NOUN
iiclr-17445	384	52	value	value	NOUN
iiclr-17445	384	53	at	at	ADP
iiclr-17445	384	54	redemption	redemption	NOUN
iiclr-17445	384	55	.	.	PUNCT
iiclr-17445	385	1	shortly	shortly	ADV
iiclr-17445	385	2	after	after	ADP
iiclr-17445	385	3	1961	1961	NUM
iiclr-17445	385	4	,	,	PUNCT
iiclr-17445	385	5	long	long	ADJ
iiclr-17445	385	6	-	-	PUNCT
iiclr-17445	385	7	term	term	NOUN
iiclr-17445	385	8	bond	bond	NOUN
iiclr-17445	385	9	investment	investment	NOUN
iiclr-17445	385	10	trusts	trust	NOUN
iiclr-17445	385	11	suffered	suffer	VERB
iiclr-17445	385	12	a	a	DET
iiclr-17445	385	13	setback	setback	NOUN
iiclr-17445	385	14	due	due	ADP
iiclr-17445	385	15	to	to	ADP
iiclr-17445	385	16	a	a	DET
iiclr-17445	385	17	rush	rush	NOUN
iiclr-17445	385	18	of	of	ADP
iiclr-17445	385	19	purchases	purchase	NOUN
iiclr-17445	385	20	by	by	ADP
iiclr-17445	385	21	corporate	corporate	ADJ
iiclr-17445	385	22	hot	hot	ADJ
iiclr-17445	385	23	money	money	NOUN
iiclr-17445	385	24	.	.	PUNCT
iiclr-17445	386	1	at	at	ADP
iiclr-17445	386	2	that	that	DET
iiclr-17445	386	3	time	time	NOUN
iiclr-17445	386	4	,	,	PUNCT
iiclr-17445	386	5	the	the	DET
iiclr-17445	386	6	secondary	secondary	ADJ
iiclr-17445	386	7	market	market	NOUN
iiclr-17445	386	8	for	for	ADP
iiclr-17445	386	9	bonds	bond	NOUN
iiclr-17445	386	10	still	still	ADV
iiclr-17445	386	11	remained	remain	VERB
iiclr-17445	386	12	undeveloped	undeveloped	ADJ
iiclr-17445	386	13	making	making	NOUN
iiclr-17445	386	14	recovery	recovery	NOUN
iiclr-17445	386	15	a	a	DET
iiclr-17445	386	16	slow	slow	ADJ
iiclr-17445	386	17	process	process	NOUN
iiclr-17445	386	18	.	.	PUNCT
iiclr-17445	387	1	however	however	ADV
iiclr-17445	387	2	,	,	PUNCT
iiclr-17445	387	3	since	since	SCONJ
iiclr-17445	387	4	recovering	recover	VERB
iiclr-17445	387	5	from	from	ADP
iiclr-17445	387	6	this	this	DET
iiclr-17445	387	7	setback	setback	NOUN
iiclr-17445	387	8	,	,	PUNCT
iiclr-17445	387	9	these	these	DET
iiclr-17445	387	10	funds	fund	NOUN
iiclr-17445	387	11	have	have	AUX
iiclr-17445	387	12	been	be	AUX
iiclr-17445	387	13	sold	sell	VERB
iiclr-17445	387	14	exclusively	exclusively	ADV
iiclr-17445	387	15	to	to	ADP
iiclr-17445	387	16	individuals	individual	NOUN
iiclr-17445	387	17	for	for	ADP
iiclr-17445	387	18	cumulative	cumulative	ADJ
iiclr-17445	387	19	investment	investment	NOUN
iiclr-17445	387	20	purposes	purpose	NOUN
iiclr-17445	387	21	.	.	PUNCT
iiclr-17445	388	1	because	because	SCONJ
iiclr-17445	388	2	of	of	ADP
iiclr-17445	388	3	their	their	PRON
iiclr-17445	388	4	characteristics	characteristic	NOUN
iiclr-17445	388	5	regarding	regard	VERB
iiclr-17445	388	6	management	management	NOUN
iiclr-17445	388	7	and	and	CCONJ
iiclr-17445	388	8	sales	sale	NOUN
iiclr-17445	388	9	,	,	PUNCT
iiclr-17445	388	10	they	they	PRON
iiclr-17445	388	11	have	have	AUX
iiclr-17445	388	12	been	be	AUX
iiclr-17445	388	13	accorded	accord	VERB
iiclr-17445	388	14	the	the	DET
iiclr-17445	388	15	same	same	ADJ
iiclr-17445	388	16	tax	tax	NOUN
iiclr-17445	388	17	incentives	incentive	NOUN
iiclr-17445	388	18	as	as	ADP
iiclr-17445	388	19	those	those	DET
iiclr-17445	388	20	accorded	accord	VERB
iiclr-17445	388	21	bank	bank	NOUN
iiclr-17445	388	22	deposits	deposit	NOUN
iiclr-17445	388	23	even	even	ADV
iiclr-17445	388	24	before	before	SCONJ
iiclr-17445	388	25	these	these	DET
iiclr-17445	388	26	incentives	incentive	NOUN
iiclr-17445	388	27	were	be	AUX
iiclr-17445	388	28	applied	apply	VERB
iiclr-17445	388	29	to	to	ADP
iiclr-17445	388	30	stock	stock	NOUN
iiclr-17445	388	31	investment	investment	NOUN
iiclr-17445	388	32	trusts	trust	NOUN
iiclr-17445	388	33	.	.	PUNCT
iiclr-17445	389	1	other	other	ADJ
iiclr-17445	389	2	tax	tax	NOUN
iiclr-17445	389	3	privileges	privilege	NOUN
iiclr-17445	389	4	designed	design	VERB
iiclr-17445	389	5	to	to	PART
iiclr-17445	389	6	encourage	encourage	VERB
iiclr-17445	389	7	savings	saving	NOUN
iiclr-17445	389	8	have	have	AUX
iiclr-17445	389	9	been	be	AUX
iiclr-17445	389	10	made	make	VERB
iiclr-17445	389	11	available	available	ADJ
iiclr-17445	389	12	to	to	ADP
iiclr-17445	389	13	these	these	DET
iiclr-17445	389	14	bond	bond	NOUN
iiclr-17445	389	15	funds	fund	NOUN
iiclr-17445	389	16	and	and	CCONJ
iiclr-17445	389	17	others	other	NOUN
iiclr-17445	389	18	without	without	ADP
iiclr-17445	389	19	requiring	require	VERB
iiclr-17445	389	20	specific	specific	ADJ
iiclr-17445	389	21	qualifications	qualification	NOUN
iiclr-17445	389	22	,	,	PUNCT
iiclr-17445	389	23	setting	set	VERB
iiclr-17445	389	24	bond	bond	NOUN
iiclr-17445	389	25	funds	fund	NOUN
iiclr-17445	389	26	apart	apart	ADV
iiclr-17445	389	27	from	from	ADP
iiclr-17445	389	28	stock	stock	NOUN
iiclr-17445	389	29	funds	fund	NOUN
iiclr-17445	389	30	.	.	PUNCT
iiclr-17445	390	1	bond	bond	NOUN
iiclr-17445	390	2	investment	investment	NOUN
iiclr-17445	390	3	in	in	ADP
iiclr-17445	390	4	japan	japan	PROPN
iiclr-17445	390	5	is	be	AUX
iiclr-17445	390	6	generally	generally	ADV
iiclr-17445	390	7	thought	think	VERB
iiclr-17445	390	8	to	to	PART
iiclr-17445	390	9	be	be	AUX
iiclr-17445	390	10	difficult	difficult	ADJ
iiclr-17445	390	11	and	and	CCONJ
iiclr-17445	390	12	unattractive	unattractive	ADJ
iiclr-17445	390	13	to	to	ADP
iiclr-17445	390	14	the	the	DET
iiclr-17445	390	15	individual	individual	ADJ
iiclr-17445	390	16	investor	investor	NOUN
iiclr-17445	390	17	.	.	PUNCT
iiclr-17445	391	1	this	this	PRON
iiclr-17445	391	2	may	may	AUX
iiclr-17445	391	3	sound	sound	VERB
iiclr-17445	391	4	strange	strange	ADJ
iiclr-17445	391	5	,	,	PUNCT
iiclr-17445	391	6	given	give	VERB
iiclr-17445	391	7	such	such	ADJ
iiclr-17445	391	8	characteristics	characteristic	NOUN
iiclr-17445	391	9	of	of	ADP
iiclr-17445	391	10	bond	bond	NOUN
iiclr-17445	391	11	investment	investment	NOUN
iiclr-17445	391	12	as	as	ADP
iiclr-17445	391	13	long	long	ADJ
iiclr-17445	391	14	maturities	maturity	NOUN
iiclr-17445	391	15	,	,	PUNCT
iiclr-17445	391	16	payment	payment	NOUN
iiclr-17445	391	17	of	of	ADP
iiclr-17445	391	18	a	a	DET
iiclr-17445	391	19	fixed	fix	VERB
iiclr-17445	391	20	amount	amount	NOUN
iiclr-17445	391	21	of	of	ADP
iiclr-17445	391	22	interest	interest	NOUN
iiclr-17445	391	23	,	,	PUNCT
iiclr-17445	391	24	and	and	CCONJ
iiclr-17445	391	25	guaranteed	guarantee	VERB
iiclr-17445	391	26	return	return	NOUN
iiclr-17445	391	27	of	of	ADP
iiclr-17445	391	28	capital	capital	NOUN
iiclr-17445	391	29	at	at	ADP
iiclr-17445	391	30	redemption	redemption	NOUN
iiclr-17445	391	31	.	.	PUNCT
iiclr-17445	392	1	however	however	ADV
iiclr-17445	392	2	,	,	PUNCT
iiclr-17445	392	3	these	these	DET
iiclr-17445	392	4	plus	plus	ADJ
iiclr-17445	392	5	factors	factor	NOUN
iiclr-17445	392	6	are	be	AUX
iiclr-17445	392	7	offset	offset	VERB
iiclr-17445	392	8	by	by	ADP
iiclr-17445	392	9	such	such	ADJ
iiclr-17445	392	10	minus	minus	ADJ
iiclr-17445	392	11	factors	factor	NOUN
iiclr-17445	392	12	as	as	ADP
iiclr-17445	392	13	large	large	ADJ
iiclr-17445	392	14	units	unit	NOUN
iiclr-17445	392	15	of	of	ADP
iiclr-17445	392	16	transactions	transaction	NOUN
iiclr-17445	392	17	,	,	PUNCT
iiclr-17445	392	18	the	the	DET
iiclr-17445	392	19	possibility	possibility	NOUN
iiclr-17445	392	20	of	of	ADP
iiclr-17445	392	21	capital	capital	NOUN
iiclr-17445	392	22	losses	loss	NOUN
iiclr-17445	392	23	if	if	SCONJ
iiclr-17445	392	24	the	the	DET
iiclr-17445	392	25	bonds	bond	NOUN
iiclr-17445	392	26	are	be	AUX
iiclr-17445	392	27	cashed	cash	VERB
iiclr-17445	392	28	before	before	ADP
iiclr-17445	392	29	maturity	maturity	NOUN
iiclr-17445	392	30	,	,	PUNCT
iiclr-17445	392	31	meticulous	meticulous	ADJ
iiclr-17445	392	32	attention	attention	NOUN
iiclr-17445	392	33	required	require	VERB
iiclr-17445	392	34	in	in	ADP
iiclr-17445	392	35	the	the	DET
iiclr-17445	392	36	selection	selection	NOUN
iiclr-17445	392	37	of	of	ADP
iiclr-17445	392	38	issues	issue	NOUN
iiclr-17445	392	39	and	and	CCONJ
iiclr-17445	392	40	in	in	ADP
iiclr-17445	392	41	regard	regard	NOUN
iiclr-17445	392	42	to	to	ADP
iiclr-17445	392	43	notices	notice	NOUN
iiclr-17445	392	44	of	of	ADP
iiclr-17445	392	45	redemption	redemption	NOUN
iiclr-17445	392	46	,	,	PUNCT
iiclr-17445	392	47	and	and	CCONJ
iiclr-17445	392	48	relatively	relatively	ADV
iiclr-17445	392	49	burdensome	burdensome	ADJ
iiclr-17445	392	50	administrative	administrative	ADJ
iiclr-17445	392	51	chores	chore	NOUN
iiclr-17445	392	52	including	include	VERB
iiclr-17445	392	53	the	the	DET
iiclr-17445	392	54	reception	reception	NOUN
iiclr-17445	392	55	and	and	CCONJ
iiclr-17445	392	56	[	[	X
iiclr-17445	392	57	vol	vol	NOUN
iiclr-17445	392	58	.	.	PUNCT
iiclr-17445	393	1	2:385	2:385	NUM
iiclr-17445	393	2	japan	japan	PROPN
iiclr-17445	393	3	's	's	PART
iiclr-17445	393	4	investment	investment	NOUN
iiclr-17445	393	5	trust	trust	NOUN
iiclr-17445	393	6	redemption	redemption	NOUN
iiclr-17445	393	7	of	of	ADP
iiclr-17445	393	8	coupon	coupon	NOUN
iiclr-17445	393	9	payments	payment	NOUN
iiclr-17445	393	10	.	.	PUNCT
iiclr-17445	394	1	these	these	DET
iiclr-17445	394	2	factors	factor	NOUN
iiclr-17445	394	3	have	have	AUX
iiclr-17445	394	4	hampered	hamper	VERB
iiclr-17445	394	5	the	the	DET
iiclr-17445	394	6	use	use	NOUN
iiclr-17445	394	7	of	of	ADP
iiclr-17445	394	8	buying	buy	VERB
iiclr-17445	394	9	bonds	bond	NOUN
iiclr-17445	394	10	as	as	ADP
iiclr-17445	394	11	a	a	DET
iiclr-17445	394	12	means	means	NOUN
iiclr-17445	394	13	of	of	ADP
iiclr-17445	394	14	savings	saving	NOUN
iiclr-17445	394	15	by	by	ADP
iiclr-17445	394	16	the	the	DET
iiclr-17445	394	17	general	general	ADJ
iiclr-17445	394	18	public	public	NOUN
iiclr-17445	394	19	.	.	PUNCT
iiclr-17445	395	1	long	long	ADJ
iiclr-17445	395	2	-	-	PUNCT
iiclr-17445	395	3	term	term	NOUN
iiclr-17445	395	4	bond	bond	NOUN
iiclr-17445	395	5	investment	investment	NOUN
iiclr-17445	395	6	trusts	trust	NOUN
iiclr-17445	395	7	have	have	AUX
iiclr-17445	395	8	been	be	AUX
iiclr-17445	395	9	able	able	ADJ
iiclr-17445	395	10	to	to	PART
iiclr-17445	395	11	overcome	overcome	VERB
iiclr-17445	395	12	these	these	DET
iiclr-17445	395	13	drawbacks	drawback	NOUN
iiclr-17445	395	14	even	even	ADV
iiclr-17445	395	15	though	though	SCONJ
iiclr-17445	395	16	their	their	PRON
iiclr-17445	395	17	introduction	introduction	NOUN
iiclr-17445	395	18	was	be	AUX
iiclr-17445	395	19	delayed	delay	VERB
iiclr-17445	395	20	by	by	ADP
iiclr-17445	395	21	ten	ten	NUM
iiclr-17445	395	22	years	year	NOUN
iiclr-17445	395	23	mainly	mainly	ADV
iiclr-17445	395	24	because	because	SCONJ
iiclr-17445	395	25	of	of	ADP
iiclr-17445	395	26	the	the	DET
iiclr-17445	395	27	immaturity	immaturity	NOUN
iiclr-17445	395	28	of	of	ADP
iiclr-17445	395	29	the	the	DET
iiclr-17445	395	30	bond	bond	NOUN
iiclr-17445	395	31	market	market	NOUN
iiclr-17445	395	32	.	.	PUNCT
iiclr-17445	396	1	in	in	ADP
iiclr-17445	396	2	fact	fact	NOUN
iiclr-17445	396	3	,	,	PUNCT
iiclr-17445	396	4	long	long	ADJ
iiclr-17445	396	5	-	-	PUNCT
iiclr-17445	396	6	term	term	NOUN
iiclr-17445	396	7	bond	bond	NOUN
iiclr-17445	396	8	investment	investment	NOUN
iiclr-17445	396	9	trusts	trust	NOUN
iiclr-17445	396	10	opened	open	VERB
iiclr-17445	396	11	the	the	DET
iiclr-17445	396	12	way	way	NOUN
iiclr-17445	396	13	for	for	SCONJ
iiclr-17445	396	14	individuals	individual	NOUN
iiclr-17445	396	15	with	with	ADP
iiclr-17445	396	16	small	small	ADJ
iiclr-17445	396	17	means	mean	NOUN
iiclr-17445	396	18	to	to	PART
iiclr-17445	396	19	invest	invest	VERB
iiclr-17445	396	20	in	in	ADP
iiclr-17445	396	21	public	public	ADJ
iiclr-17445	396	22	and	and	CCONJ
iiclr-17445	396	23	private	private	ADJ
iiclr-17445	396	24	bonds	bond	NOUN
iiclr-17445	396	25	.	.	PUNCT
iiclr-17445	397	1	these	these	DET
iiclr-17445	397	2	new	new	ADJ
iiclr-17445	397	3	instruments	instrument	NOUN
iiclr-17445	397	4	of	of	ADP
iiclr-17445	397	5	savings	saving	NOUN
iiclr-17445	397	6	have	have	AUX
iiclr-17445	397	7	greatly	greatly	ADV
iiclr-17445	397	8	contributed	contribute	VERB
iiclr-17445	397	9	to	to	ADP
iiclr-17445	397	10	the	the	DET
iiclr-17445	397	11	formation	formation	NOUN
iiclr-17445	397	12	of	of	ADP
iiclr-17445	397	13	diversified	diversified	ADJ
iiclr-17445	397	14	asset	asset	NOUN
iiclr-17445	397	15	portfolios	portfolio	NOUN
iiclr-17445	397	16	held	hold	VERB
iiclr-17445	397	17	by	by	ADP
iiclr-17445	397	18	the	the	DET
iiclr-17445	397	19	general	general	ADJ
iiclr-17445	397	20	public	public	NOUN
iiclr-17445	397	21	and	and	CCONJ
iiclr-17445	397	22	have	have	AUX
iiclr-17445	397	23	permeated	permeate	VERB
iiclr-17445	397	24	a	a	DET
iiclr-17445	397	25	broad	broad	ADJ
iiclr-17445	397	26	spectrum	spectrum	NOUN
iiclr-17445	397	27	of	of	ADP
iiclr-17445	397	28	the	the	DET
iiclr-17445	397	29	saving	save	VERB
iiclr-17445	397	30	populace	populace	NOUN
iiclr-17445	397	31	,	,	PUNCT
iiclr-17445	397	32	this	this	DET
iiclr-17445	397	33	development	development	NOUN
iiclr-17445	397	34	being	be	AUX
iiclr-17445	397	35	aided	aid	VERB
iiclr-17445	397	36	by	by	ADP
iiclr-17445	397	37	the	the	DET
iiclr-17445	397	38	expansion	expansion	NOUN
iiclr-17445	397	39	of	of	ADP
iiclr-17445	397	40	cumulative	cumulative	ADJ
iiclr-17445	397	41	investment	investment	NOUN
iiclr-17445	397	42	accounts	account	NOUN
iiclr-17445	397	43	.	.	PUNCT
iiclr-17445	398	1	7	7	NUM
iiclr-17445	398	2	in	in	ADP
iiclr-17445	398	3	1980	1980	NUM
iiclr-17445	398	4	,	,	PUNCT
iiclr-17445	398	5	medium	medium	ADJ
iiclr-17445	398	6	-	-	PUNCT
iiclr-17445	398	7	term	term	NOUN
iiclr-17445	398	8	government	government	NOUN
iiclr-17445	398	9	bond	bond	NOUN
iiclr-17445	398	10	funds	fund	NOUN
iiclr-17445	398	11	were	be	AUX
iiclr-17445	398	12	introduced	introduce	VERB
iiclr-17445	398	13	as	as	ADP
iiclr-17445	398	14	a	a	DET
iiclr-17445	398	15	new	new	ADJ
iiclr-17445	398	16	group	group	NOUN
iiclr-17445	398	17	of	of	ADP
iiclr-17445	398	18	supplementary	supplementary	ADJ
iiclr-17445	398	19	-	-	PUNCT
iiclr-17445	398	20	funding	funding	NOUN
iiclr-17445	398	21	type	type	NOUN
iiclr-17445	398	22	bond	bond	NOUN
iiclr-17445	398	23	funds	fund	NOUN
iiclr-17445	398	24	.	.	PUNCT
iiclr-17445	399	1	these	these	DET
iiclr-17445	399	2	funds	fund	NOUN
iiclr-17445	399	3	are	be	AUX
iiclr-17445	399	4	primarily	primarily	ADV
iiclr-17445	399	5	invested	invest	VERB
iiclr-17445	399	6	in	in	ADP
iiclr-17445	399	7	medium	medium	ADJ
iiclr-17445	399	8	-	-	PUNCT
iiclr-17445	399	9	term	term	NOUN
iiclr-17445	399	10	government	government	NOUN
iiclr-17445	399	11	bonds	bond	NOUN
iiclr-17445	399	12	and	and	CCONJ
iiclr-17445	399	13	have	have	VERB
iiclr-17445	399	14	a	a	DET
iiclr-17445	399	15	structure	structure	NOUN
iiclr-17445	399	16	featuring	feature	VERB
iiclr-17445	399	17	a	a	DET
iiclr-17445	399	18	strong	strong	ADJ
iiclr-17445	399	19	savings	saving	NOUN
iiclr-17445	399	20	orientation	orientation	NOUN
iiclr-17445	399	21	.	.	PUNCT
iiclr-17445	400	1	these	these	DET
iiclr-17445	400	2	funds	fund	NOUN
iiclr-17445	400	3	also	also	ADV
iiclr-17445	400	4	offer	offer	VERB
iiclr-17445	400	5	various	various	ADJ
iiclr-17445	400	6	arrangements	arrangement	NOUN
iiclr-17445	400	7	,	,	PUNCT
iiclr-17445	400	8	such	such	ADJ
iiclr-17445	400	9	as	as	ADP
iiclr-17445	400	10	automatic	automatic	ADJ
iiclr-17445	400	11	dividend	dividend	NOUN
iiclr-17445	400	12	re	re	NOUN
iiclr-17445	400	13	-	-	NOUN
iiclr-17445	400	14	investment	investment	NOUN
iiclr-17445	400	15	and	and	CCONJ
iiclr-17445	400	16	relatively	relatively	ADV
iiclr-17445	400	17	high	high	ADJ
iiclr-17445	400	18	returns	return	NOUN
iiclr-17445	400	19	to	to	PART
iiclr-17445	400	20	attract	attract	VERB
iiclr-17445	400	21	medium	medium	ADJ
iiclr-17445	400	22	-	-	PUNCT
iiclr-17445	400	23	to	to	ADP
iiclr-17445	400	24	short	short	ADJ
iiclr-17445	400	25	-	-	PUNCT
iiclr-17445	400	26	term	term	NOUN
iiclr-17445	400	27	stable	stable	ADJ
iiclr-17445	400	28	funds	fund	NOUN
iiclr-17445	400	29	.	.	PUNCT
iiclr-17445	401	1	sharing	share	VERB
iiclr-17445	401	2	many	many	ADJ
iiclr-17445	401	3	of	of	ADP
iiclr-17445	401	4	the	the	DET
iiclr-17445	401	5	features	feature	NOUN
iiclr-17445	401	6	of	of	ADP
iiclr-17445	401	7	money	money	NOUN
iiclr-17445	401	8	market	market	NOUN
iiclr-17445	401	9	funds	fund	NOUN
iiclr-17445	401	10	(	(	PUNCT
iiclr-17445	401	11	mmf	mmf	NOUN
iiclr-17445	401	12	)	)	PUNCT
iiclr-17445	401	13	which	which	PRON
iiclr-17445	401	14	triggered	trigger	VERB
iiclr-17445	401	15	a	a	DET
iiclr-17445	401	16	financial	financial	ADJ
iiclr-17445	401	17	revolution	revolution	NOUN
iiclr-17445	401	18	in	in	ADP
iiclr-17445	401	19	the	the	DET
iiclr-17445	401	20	united	united	PROPN
iiclr-17445	401	21	states	states	PROPN
iiclr-17445	401	22	,	,	PUNCT
iiclr-17445	401	23	these	these	DET
iiclr-17445	401	24	funds	fund	NOUN
iiclr-17445	401	25	were	be	AUX
iiclr-17445	401	26	welcomed	welcome	VERB
iiclr-17445	401	27	into	into	ADP
iiclr-17445	401	28	the	the	DET
iiclr-17445	401	29	japanese	japanese	ADJ
iiclr-17445	401	30	financial	financial	ADJ
iiclr-17445	401	31	market	market	NOUN
iiclr-17445	401	32	as	as	ADP
iiclr-17445	401	33	an	an	DET
iiclr-17445	401	34	epoch	epoch	NOUN
iiclr-17445	401	35	-	-	PUNCT
iiclr-17445	401	36	making	make	VERB
iiclr-17445	401	37	short	short	ADJ
iiclr-17445	401	38	-	-	PUNCT
iiclr-17445	401	39	term	term	NOUN
iiclr-17445	401	40	financial	financial	ADJ
iiclr-17445	401	41	product	product	NOUN
iiclr-17445	401	42	.	.	PUNCT
iiclr-17445	402	1	their	their	PRON
iiclr-17445	402	2	characteristics	characteristic	NOUN
iiclr-17445	402	3	are	be	AUX
iiclr-17445	402	4	so	so	ADV
iiclr-17445	402	5	close	close	ADJ
iiclr-17445	402	6	to	to	ADP
iiclr-17445	402	7	bank	bank	NOUN
iiclr-17445	402	8	37	37	NUM
iiclr-17445	402	9	.	.	PUNCT
iiclr-17445	403	1	in	in	ADP
iiclr-17445	403	2	1975	1975	NUM
iiclr-17445	403	3	,	,	PUNCT
iiclr-17445	403	4	government	government	NOUN
iiclr-17445	403	5	bonds	bond	NOUN
iiclr-17445	403	6	began	begin	VERB
iiclr-17445	403	7	to	to	PART
iiclr-17445	403	8	be	be	AUX
iiclr-17445	403	9	issued	issue	VERB
iiclr-17445	403	10	in	in	ADP
iiclr-17445	403	11	massive	massive	ADJ
iiclr-17445	403	12	quantities	quantity	NOUN
iiclr-17445	403	13	.	.	PUNCT
iiclr-17445	404	1	to	to	PART
iiclr-17445	404	2	cope	cope	VERB
iiclr-17445	404	3	with	with	ADP
iiclr-17445	404	4	this	this	DET
iiclr-17445	404	5	situation	situation	NOUN
iiclr-17445	404	6	,	,	PUNCT
iiclr-17445	404	7	the	the	DET
iiclr-17445	404	8	securities	securities	PROPN
iiclr-17445	404	9	exchange	exchange	PROPN
iiclr-17445	404	10	council	council	PROPN
iiclr-17445	404	11	of	of	ADP
iiclr-17445	404	12	the	the	DET
iiclr-17445	404	13	ministry	ministry	PROPN
iiclr-17445	404	14	of	of	ADP
iiclr-17445	404	15	finance	finance	PROPN
iiclr-17445	404	16	issued	issue	VERB
iiclr-17445	404	17	"	"	PUNCT
iiclr-17445	404	18	a	a	DET
iiclr-17445	404	19	recommendation	recommendation	NOUN
iiclr-17445	404	20	for	for	ADP
iiclr-17445	404	21	the	the	DET
iiclr-17445	404	22	development	development	NOUN
iiclr-17445	404	23	of	of	ADP
iiclr-17445	404	24	the	the	DET
iiclr-17445	404	25	bond	bond	NOUN
iiclr-17445	404	26	market	market	NOUN
iiclr-17445	404	27	"	"	PUNCT
iiclr-17445	404	28	in	in	ADP
iiclr-17445	404	29	october	october	PROPN
iiclr-17445	404	30	,	,	PUNCT
iiclr-17445	404	31	1977	1977	NUM
iiclr-17445	404	32	.	.	PUNCT
iiclr-17445	405	1	in	in	ADP
iiclr-17445	405	2	this	this	DET
iiclr-17445	405	3	recommendation	recommendation	NOUN
iiclr-17445	405	4	,	,	PUNCT
iiclr-17445	405	5	the	the	DET
iiclr-17445	405	6	council	council	NOUN
iiclr-17445	405	7	emphasized	emphasize	VERB
iiclr-17445	405	8	the	the	DET
iiclr-17445	405	9	need	need	NOUN
iiclr-17445	405	10	for	for	ADP
iiclr-17445	405	11	the	the	DET
iiclr-17445	405	12	removal	removal	NOUN
iiclr-17445	405	13	of	of	ADP
iiclr-17445	405	14	controls	control	NOUN
iiclr-17445	405	15	over	over	ADP
iiclr-17445	405	16	the	the	DET
iiclr-17445	405	17	bond	bond	NOUN
iiclr-17445	405	18	market	market	NOUN
iiclr-17445	405	19	and	and	CCONJ
iiclr-17445	405	20	advocated	advocate	VERB
iiclr-17445	405	21	an	an	DET
iiclr-17445	405	22	open	open	ADJ
iiclr-17445	405	23	market	market	NOUN
iiclr-17445	405	24	for	for	ADP
iiclr-17445	405	25	bonds	bond	NOUN
iiclr-17445	405	26	and	and	CCONJ
iiclr-17445	405	27	the	the	DET
iiclr-17445	405	28	market	market	NOUN
iiclr-17445	405	29	's	's	PART
iiclr-17445	405	30	expansion	expansion	NOUN
iiclr-17445	405	31	both	both	CCONJ
iiclr-17445	405	32	in	in	ADP
iiclr-17445	405	33	breadth	breadth	NOUN
iiclr-17445	405	34	and	and	CCONJ
iiclr-17445	405	35	depth	depth	NOUN
iiclr-17445	405	36	through	through	ADP
iiclr-17445	405	37	effective	effective	ADJ
iiclr-17445	405	38	competition	competition	NOUN
iiclr-17445	405	39	.	.	PUNCT
iiclr-17445	406	1	from	from	ADP
iiclr-17445	406	2	this	this	DET
iiclr-17445	406	3	viewpoint	viewpoint	NOUN
iiclr-17445	406	4	,	,	PUNCT
iiclr-17445	406	5	the	the	DET
iiclr-17445	406	6	recommendation	recommendation	NOUN
iiclr-17445	406	7	called	call	VERB
iiclr-17445	406	8	for	for	ADP
iiclr-17445	406	9	improvement	improvement	NOUN
iiclr-17445	406	10	in	in	ADP
iiclr-17445	406	11	the	the	DET
iiclr-17445	406	12	practice	practice	NOUN
iiclr-17445	406	13	of	of	ADP
iiclr-17445	406	14	anticipated	anticipate	VERB
iiclr-17445	406	15	returns	return	NOUN
iiclr-17445	406	16	premised	premise	VERB
iiclr-17445	406	17	on	on	ADP
iiclr-17445	406	18	regulated	regulated	ADJ
iiclr-17445	406	19	interest	interest	NOUN
iiclr-17445	406	20	rates	rate	NOUN
iiclr-17445	406	21	as	as	ADV
iiclr-17445	406	22	well	well	ADV
iiclr-17445	406	23	as	as	ADP
iiclr-17445	406	24	in	in	ADP
iiclr-17445	406	25	artificial	artificial	ADJ
iiclr-17445	406	26	aspects	aspect	NOUN
iiclr-17445	406	27	such	such	ADJ
iiclr-17445	406	28	as	as	ADP
iiclr-17445	406	29	the	the	DET
iiclr-17445	406	30	structure	structure	NOUN
iiclr-17445	406	31	of	of	ADP
iiclr-17445	406	32	the	the	DET
iiclr-17445	406	33	bond	bond	NOUN
iiclr-17445	406	34	based	base	VERB
iiclr-17445	406	35	on	on	ADP
iiclr-17445	406	36	theoretical	theoretical	ADJ
iiclr-17445	406	37	valuation	valuation	NOUN
iiclr-17445	406	38	.	.	PUNCT
iiclr-17445	407	1	the	the	DET
iiclr-17445	407	2	council	council	PROPN
iiclr-17445	407	3	then	then	ADV
iiclr-17445	407	4	expressed	express	VERB
iiclr-17445	407	5	the	the	DET
iiclr-17445	407	6	hope	hope	NOUN
iiclr-17445	407	7	that	that	SCONJ
iiclr-17445	407	8	new	new	ADJ
iiclr-17445	407	9	products	product	NOUN
iiclr-17445	407	10	would	would	AUX
iiclr-17445	407	11	be	be	AUX
iiclr-17445	407	12	developed	develop	VERB
iiclr-17445	407	13	on	on	ADP
iiclr-17445	407	14	the	the	DET
iiclr-17445	407	15	basis	basis	NOUN
iiclr-17445	407	16	of	of	ADP
iiclr-17445	407	17	more	more	ADV
iiclr-17445	407	18	flexible	flexible	ADJ
iiclr-17445	407	19	pricing	pricing	NOUN
iiclr-17445	407	20	reflective	reflective	ADJ
iiclr-17445	407	21	of	of	ADP
iiclr-17445	407	22	demand	demand	NOUN
iiclr-17445	407	23	and	and	CCONJ
iiclr-17445	407	24	supply	supply	NOUN
iiclr-17445	407	25	forces	force	NOUN
iiclr-17445	407	26	in	in	ADP
iiclr-17445	407	27	the	the	DET
iiclr-17445	407	28	market	market	NOUN
iiclr-17445	407	29	and	and	CCONJ
iiclr-17445	407	30	more	more	ADJ
iiclr-17445	407	31	in	in	ADP
iiclr-17445	407	32	line	line	NOUN
iiclr-17445	407	33	with	with	ADP
iiclr-17445	407	34	the	the	DET
iiclr-17445	407	35	trend	trend	NOUN
iiclr-17445	407	36	of	of	ADP
iiclr-17445	407	37	liberalization	liberalization	NOUN
iiclr-17445	407	38	based	base	VERB
iiclr-17445	407	39	on	on	ADP
iiclr-17445	407	40	secondary	secondary	ADJ
iiclr-17445	407	41	market	market	NOUN
iiclr-17445	407	42	values	value	NOUN
iiclr-17445	407	43	.	.	PUNCT
iiclr-17445	408	1	preceding	precede	VERB
iiclr-17445	408	2	this	this	DET
iiclr-17445	408	3	recommendation	recommendation	NOUN
iiclr-17445	408	4	,	,	PUNCT
iiclr-17445	408	5	the	the	DET
iiclr-17445	408	6	investment	investment	NOUN
iiclr-17445	408	7	trusts	trust	VERB
iiclr-17445	408	8	association	association	NOUN
iiclr-17445	408	9	noted	note	VERB
iiclr-17445	408	10	in	in	ADP
iiclr-17445	408	11	an	an	DET
iiclr-17445	408	12	opinion	opinion	NOUN
iiclr-17445	408	13	paper	paper	NOUN
iiclr-17445	408	14	issued	issue	VERB
iiclr-17445	408	15	by	by	ADP
iiclr-17445	408	16	the	the	DET
iiclr-17445	408	17	committee	committee	NOUN
iiclr-17445	408	18	for	for	ADP
iiclr-17445	408	19	research	research	NOUN
iiclr-17445	408	20	on	on	ADP
iiclr-17445	408	21	bond	bond	NOUN
iiclr-17445	408	22	investment	investment	NOUN
iiclr-17445	408	23	trusts	trust	NOUN
iiclr-17445	408	24	and	and	CCONJ
iiclr-17445	408	25	entitled	entitle	VERB
iiclr-17445	408	26	"	"	PUNCT
iiclr-17445	408	27	on	on	ADP
iiclr-17445	408	28	bond	bond	NOUN
iiclr-17445	408	29	investment	investment	NOUN
iiclr-17445	408	30	trusts	trust	NOUN
iiclr-17445	408	31	,	,	PUNCT
iiclr-17445	408	32	march	march	PROPN
iiclr-17445	408	33	,	,	PUNCT
iiclr-17445	408	34	1977	1977	NUM
iiclr-17445	408	35	"	"	PUNCT
iiclr-17445	408	36	that	that	SCONJ
iiclr-17445	408	37	"	"	PUNCT
iiclr-17445	408	38	bond	bond	NOUN
iiclr-17445	408	39	investment	investment	NOUN
iiclr-17445	408	40	trusts	trust	NOUN
iiclr-17445	408	41	meet	meet	VERB
iiclr-17445	408	42	investor	investor	NOUN
iiclr-17445	408	43	needs	need	VERB
iiclr-17445	408	44	through	through	ADP
iiclr-17445	408	45	stable	stable	ADJ
iiclr-17445	408	46	income	income	NOUN
iiclr-17445	408	47	distributions	distribution	NOUN
iiclr-17445	408	48	based	base	VERB
iiclr-17445	408	49	on	on	ADP
iiclr-17445	408	50	anticipated	anticipate	VERB
iiclr-17445	408	51	investment	investment	NOUN
iiclr-17445	408	52	returns	return	NOUN
iiclr-17445	408	53	"	"	PUNCT
iiclr-17445	408	54	and	and	CCONJ
iiclr-17445	408	55	"	"	PUNCT
iiclr-17445	408	56	the	the	DET
iiclr-17445	408	57	scheme	scheme	NOUN
iiclr-17445	408	58	will	will	AUX
iiclr-17445	408	59	be	be	AUX
iiclr-17445	408	60	sustainable	sustainable	ADJ
iiclr-17445	408	61	through	through	ADP
iiclr-17445	408	62	an	an	DET
iiclr-17445	408	63	emphasis	emphasis	NOUN
iiclr-17445	408	64	on	on	ADP
iiclr-17445	408	65	cumulative	cumulative	ADJ
iiclr-17445	408	66	investments	investment	NOUN
iiclr-17445	408	67	in	in	ADP
iiclr-17445	408	68	fund	fund	NOUN
iiclr-17445	408	69	sales	sale	NOUN
iiclr-17445	408	70	and	and	CCONJ
iiclr-17445	408	71	on	on	ADP
iiclr-17445	408	72	the	the	DET
iiclr-17445	408	73	maintenance	maintenance	NOUN
iiclr-17445	408	74	of	of	ADP
iiclr-17445	408	75	liquidity	liquidity	NOUN
iiclr-17445	408	76	in	in	ADP
iiclr-17445	408	77	asset	asset	NOUN
iiclr-17445	408	78	management	management	NOUN
iiclr-17445	408	79	.	.	PUNCT
iiclr-17445	408	80	"	"	PUNCT
iiclr-17445	409	1	the	the	DET
iiclr-17445	409	2	paper	paper	NOUN
iiclr-17445	409	3	concluded	conclude	VERB
iiclr-17445	409	4	that	that	SCONJ
iiclr-17445	409	5	for	for	ADP
iiclr-17445	409	6	these	these	DET
iiclr-17445	409	7	reasons	reason	NOUN
iiclr-17445	409	8	the	the	DET
iiclr-17445	409	9	current	current	ADJ
iiclr-17445	409	10	bond	bond	NOUN
iiclr-17445	409	11	investment	investment	NOUN
iiclr-17445	409	12	trust	trust	NOUN
iiclr-17445	409	13	system	system	NOUN
iiclr-17445	409	14	should	should	AUX
iiclr-17445	409	15	remain	remain	VERB
iiclr-17445	409	16	unchanged	unchanged	ADJ
iiclr-17445	409	17	for	for	ADP
iiclr-17445	409	18	the	the	DET
iiclr-17445	409	19	time	time	NOUN
iiclr-17445	409	20	being	be	AUX
iiclr-17445	409	21	.	.	PUNCT
iiclr-17445	410	1	today	today	NOUN
iiclr-17445	410	2	,	,	PUNCT
iiclr-17445	410	3	these	these	DET
iiclr-17445	410	4	two	two	NUM
iiclr-17445	410	5	positions	position	NOUN
iiclr-17445	410	6	,	,	PUNCT
iiclr-17445	410	7	one	one	NUM
iiclr-17445	410	8	calling	call	VERB
iiclr-17445	410	9	for	for	ADP
iiclr-17445	410	10	reform	reform	NOUN
iiclr-17445	410	11	and	and	CCONJ
iiclr-17445	410	12	the	the	DET
iiclr-17445	410	13	other	other	ADJ
iiclr-17445	410	14	calling	call	VERB
iiclr-17445	410	15	for	for	ADP
iiclr-17445	410	16	stability	stability	NOUN
iiclr-17445	410	17	in	in	ADP
iiclr-17445	410	18	the	the	DET
iiclr-17445	410	19	bond	bond	NOUN
iiclr-17445	410	20	investment	investment	NOUN
iiclr-17445	410	21	trust	trust	NOUN
iiclr-17445	410	22	system	system	NOUN
iiclr-17445	410	23	,	,	PUNCT
iiclr-17445	410	24	remain	remain	VERB
iiclr-17445	410	25	side	side	ADJ
iiclr-17445	410	26	by	by	ADP
iiclr-17445	410	27	side	side	NOUN
iiclr-17445	410	28	with	with	ADP
iiclr-17445	410	29	old	old	ADJ
iiclr-17445	410	30	-	-	PUNCT
iiclr-17445	410	31	type	type	NOUN
iiclr-17445	410	32	longterm	longterm	NOUN
iiclr-17445	410	33	bond	bond	NOUN
iiclr-17445	410	34	investment	investment	NOUN
iiclr-17445	410	35	trusts	trust	NOUN
iiclr-17445	410	36	structured	structure	VERB
iiclr-17445	410	37	on	on	ADP
iiclr-17445	410	38	the	the	DET
iiclr-17445	410	39	basis	basis	NOUN
iiclr-17445	410	40	of	of	ADP
iiclr-17445	410	41	anticipated	anticipate	VERB
iiclr-17445	410	42	returns	return	NOUN
iiclr-17445	410	43	and	and	CCONJ
iiclr-17445	410	44	theoretical	theoretical	ADJ
iiclr-17445	410	45	values	value	NOUN
iiclr-17445	410	46	while	while	SCONJ
iiclr-17445	410	47	new	new	ADJ
iiclr-17445	410	48	types	type	NOUN
iiclr-17445	410	49	are	be	AUX
iiclr-17445	410	50	based	base	VERB
iiclr-17445	410	51	on	on	ADP
iiclr-17445	410	52	variable	variable	ADJ
iiclr-17445	410	53	actual	actual	ADJ
iiclr-17445	410	54	returns	return	NOUN
iiclr-17445	410	55	and	and	CCONJ
iiclr-17445	410	56	market	market	NOUN
iiclr-17445	410	57	values	value	NOUN
iiclr-17445	410	58	.	.	PUNCT
iiclr-17445	411	1	19921	19921	NUM
iiclr-17445	411	2	ind	ind	NOUN
iiclr-17445	411	3	.	.	PUNCT
iiclr-17445	412	1	int'l	int'l	PROPN
iiclr-17445	412	2	&	&	CCONJ
iiclr-17445	412	3	comp	comp	PROPN
iiclr-17445	412	4	.	.	PUNCT
iiclr-17445	413	1	l.	l.	PROPN
iiclr-17445	413	2	rev	rev	PROPN
iiclr-17445	413	3	.	.	PROPN
iiclr-17445	413	4	deposits	deposit	NOUN
iiclr-17445	413	5	that	that	SCONJ
iiclr-17445	413	6	they	they	PRON
iiclr-17445	413	7	have	have	AUX
iiclr-17445	413	8	almost	almost	ADV
iiclr-17445	413	9	transcended	transcend	VERB
iiclr-17445	413	10	descriptions	description	NOUN
iiclr-17445	413	11	such	such	ADJ
iiclr-17445	413	12	as	as	ADP
iiclr-17445	413	13	savings	saving	NOUN
iiclr-17445	413	14	orientation	orientation	NOUN
iiclr-17445	413	15	and	and	CCONJ
iiclr-17445	413	16	quasi	quasi	NOUN
iiclr-17445	413	17	-	-	NOUN
iiclr-17445	413	18	savings	saving	NOUN
iiclr-17445	413	19	.	.	PUNCT
iiclr-17445	414	1	offering	offer	VERB
iiclr-17445	414	2	great	great	ADJ
iiclr-17445	414	3	liquidity	liquidity	NOUN
iiclr-17445	414	4	and	and	CCONJ
iiclr-17445	414	5	attractive	attractive	ADJ
iiclr-17445	414	6	returns	return	NOUN
iiclr-17445	414	7	,	,	PUNCT
iiclr-17445	414	8	these	these	DET
iiclr-17445	414	9	funds	fund	NOUN
iiclr-17445	414	10	have	have	VERB
iiclr-17445	414	11	a	a	DET
iiclr-17445	414	12	strong	strong	ADJ
iiclr-17445	414	13	competitive	competitive	ADJ
iiclr-17445	414	14	edge	edge	NOUN
iiclr-17445	414	15	over	over	ADP
iiclr-17445	414	16	rival	rival	ADJ
iiclr-17445	414	17	products	product	NOUN
iiclr-17445	414	18	of	of	ADP
iiclr-17445	414	19	financial	financial	ADJ
iiclr-17445	414	20	institutions	institution	NOUN
iiclr-17445	414	21	whose	whose	DET
iiclr-17445	414	22	yields	yield	NOUN
iiclr-17445	414	23	are	be	AUX
iiclr-17445	414	24	typically	typically	ADV
iiclr-17445	414	25	subject	subject	ADJ
iiclr-17445	414	26	to	to	ADP
iiclr-17445	414	27	interest	interest	NOUN
iiclr-17445	414	28	rate	rate	NOUN
iiclr-17445	414	29	controls	control	NOUN
iiclr-17445	414	30	.	.	PUNCT
iiclr-17445	415	1	the	the	DET
iiclr-17445	415	2	recent	recent	ADJ
iiclr-17445	415	3	introduction	introduction	NOUN
iiclr-17445	415	4	of	of	ADP
iiclr-17445	415	5	the	the	DET
iiclr-17445	415	6	integrated	integrate	VERB
iiclr-17445	415	7	fund	fund	NOUN
iiclr-17445	415	8	investment	investment	NOUN
iiclr-17445	415	9	account	account	NOUN
iiclr-17445	415	10	bolsters	bolster	VERB
iiclr-17445	415	11	the	the	DET
iiclr-17445	415	12	competitive	competitive	ADJ
iiclr-17445	415	13	edge	edge	NOUN
iiclr-17445	415	14	of	of	ADP
iiclr-17445	415	15	medium	medium	ADJ
iiclr-17445	415	16	-	-	PUNCT
iiclr-17445	415	17	term	term	NOUN
iiclr-17445	415	18	government	government	NOUN
iiclr-17445	415	19	bond	bond	NOUN
iiclr-17445	415	20	funds	fund	NOUN
iiclr-17445	415	21	.	.	PUNCT
iiclr-17445	416	1	this	this	DET
iiclr-17445	416	2	new	new	ADJ
iiclr-17445	416	3	account	account	NOUN
iiclr-17445	416	4	shares	share	NOUN
iiclr-17445	416	5	many	many	ADJ
iiclr-17445	416	6	features	feature	NOUN
iiclr-17445	416	7	in	in	ADP
iiclr-17445	416	8	common	common	ADJ
iiclr-17445	416	9	with	with	ADP
iiclr-17445	416	10	cash	cash	NOUN
iiclr-17445	416	11	management	management	NOUN
iiclr-17445	416	12	accounts	account	NOUN
iiclr-17445	416	13	(	(	PUNCT
iiclr-17445	416	14	cma	cma	NOUN
iiclr-17445	416	15	)	)	PUNCT
iiclr-17445	416	16	in	in	ADP
iiclr-17445	416	17	the	the	DET
iiclr-17445	416	18	united	united	PROPN
iiclr-17445	416	19	states	states	PROPN
iiclr-17445	416	20	.	.	PUNCT
iiclr-17445	417	1	it	it	PRON
iiclr-17445	417	2	accepts	accept	VERB
iiclr-17445	417	3	funds	fund	NOUN
iiclr-17445	417	4	through	through	ADP
iiclr-17445	417	5	savings	saving	NOUN
iiclr-17445	417	6	accounts	account	NOUN
iiclr-17445	417	7	opened	open	VERB
iiclr-17445	417	8	with	with	ADP
iiclr-17445	417	9	many	many	ADJ
iiclr-17445	417	10	shinkin	shinkin	ADJ
iiclr-17445	417	11	banks	bank	NOUN
iiclr-17445	417	12	for	for	ADP
iiclr-17445	417	13	small	small	ADJ
iiclr-17445	417	14	business	business	NOUN
iiclr-17445	417	15	(	(	PUNCT
iiclr-17445	417	16	swing	swing	NOUN
iiclr-17445	417	17	service	service	NOUN
iiclr-17445	417	18	)	)	PUNCT
iiclr-17445	417	19	,	,	PUNCT
iiclr-17445	417	20	an	an	DET
iiclr-17445	417	21	arrangement	arrangement	NOUN
iiclr-17445	417	22	that	that	PRON
iiclr-17445	417	23	provides	provide	VERB
iiclr-17445	417	24	a	a	DET
iiclr-17445	417	25	clearing	clearing	NOUN
iiclr-17445	417	26	function	function	NOUN
iiclr-17445	417	27	for	for	ADP
iiclr-17445	417	28	medium	medium	ADJ
iiclr-17445	417	29	-	-	PUNCT
iiclr-17445	417	30	term	term	NOUN
iiclr-17445	417	31	government	government	NOUN
iiclr-17445	417	32	bond	bond	NOUN
iiclr-17445	417	33	funds	fund	NOUN
iiclr-17445	417	34	similar	similar	ADJ
iiclr-17445	417	35	to	to	ADP
iiclr-17445	417	36	that	that	PRON
iiclr-17445	417	37	for	for	ADP
iiclr-17445	417	38	savings	saving	NOUN
iiclr-17445	417	39	and	and	CCONJ
iiclr-17445	417	40	deposit	deposit	NOUN
iiclr-17445	417	41	accounts	account	NOUN
iiclr-17445	417	42	.	.	PUNCT
iiclr-17445	418	1	this	this	DET
iiclr-17445	418	2	arrangement	arrangement	NOUN
iiclr-17445	418	3	enhances	enhance	VERB
iiclr-17445	418	4	the	the	DET
iiclr-17445	418	5	stability	stability	NOUN
iiclr-17445	418	6	and	and	CCONJ
iiclr-17445	418	7	convenience	convenience	NOUN
iiclr-17445	418	8	of	of	ADP
iiclr-17445	418	9	these	these	DET
iiclr-17445	418	10	funds	fund	NOUN
iiclr-17445	418	11	for	for	ADP
iiclr-17445	418	12	the	the	DET
iiclr-17445	418	13	investor	investor	NOUN
iiclr-17445	418	14	.	.	PUNCT
iiclr-17445	419	1	the	the	DET
iiclr-17445	419	2	same	same	ADJ
iiclr-17445	419	3	effect	effect	NOUN
iiclr-17445	419	4	is	be	AUX
iiclr-17445	419	5	also	also	ADV
iiclr-17445	419	6	achieved	achieve	VERB
iiclr-17445	419	7	through	through	ADP
iiclr-17445	419	8	cooperative	cooperative	ADJ
iiclr-17445	419	9	ventures	venture	NOUN
iiclr-17445	419	10	between	between	ADP
iiclr-17445	419	11	medium	medium	ADJ
iiclr-17445	419	12	-	-	PUNCT
iiclr-17445	419	13	term	term	NOUN
iiclr-17445	419	14	government	government	NOUN
iiclr-17445	419	15	bond	bond	NOUN
iiclr-17445	419	16	funds	fund	NOUN
iiclr-17445	419	17	and	and	CCONJ
iiclr-17445	419	18	credit	credit	NOUN
iiclr-17445	419	19	card	card	NOUN
iiclr-17445	419	20	companies	company	NOUN
iiclr-17445	419	21	.	.	PUNCT
iiclr-17445	420	1	therefore	therefore	ADV
iiclr-17445	420	2	,	,	PUNCT
iiclr-17445	420	3	development	development	NOUN
iiclr-17445	420	4	of	of	ADP
iiclr-17445	420	5	the	the	DET
iiclr-17445	420	6	integrated	integrate	VERB
iiclr-17445	420	7	fund	fund	NOUN
iiclr-17445	420	8	investment	investment	NOUN
iiclr-17445	420	9	account	account	NOUN
iiclr-17445	420	10	represents	represent	VERB
iiclr-17445	420	11	the	the	DET
iiclr-17445	420	12	advent	advent	NOUN
iiclr-17445	420	13	of	of	ADP
iiclr-17445	420	14	a	a	DET
iiclr-17445	420	15	financial	financial	ADJ
iiclr-17445	420	16	service	service	NOUN
iiclr-17445	420	17	which	which	PRON
iiclr-17445	420	18	offers	offer	VERB
iiclr-17445	420	19	both	both	PRON
iiclr-17445	420	20	a	a	DET
iiclr-17445	420	21	clearing	clearing	NOUN
iiclr-17445	420	22	function	function	NOUN
iiclr-17445	420	23	and	and	CCONJ
iiclr-17445	420	24	an	an	DET
iiclr-17445	420	25	investment	investment	NOUN
iiclr-17445	420	26	function	function	NOUN
iiclr-17445	420	27	in	in	ADP
iiclr-17445	420	28	the	the	DET
iiclr-17445	420	29	same	same	ADJ
iiclr-17445	420	30	package	package	NOUN
iiclr-17445	420	31	.	.	PUNCT
iiclr-17445	421	1	medium	medium	ADJ
iiclr-17445	421	2	-	-	PUNCT
iiclr-17445	421	3	term	term	NOUN
iiclr-17445	421	4	government	government	NOUN
iiclr-17445	421	5	bond	bond	NOUN
iiclr-17445	421	6	funds	fund	NOUN
iiclr-17445	421	7	are	be	AUX
iiclr-17445	421	8	the	the	DET
iiclr-17445	421	9	largest	large	ADJ
iiclr-17445	421	10	type	type	NOUN
iiclr-17445	421	11	of	of	ADP
iiclr-17445	421	12	bond	bond	NOUN
iiclr-17445	421	13	investment	investment	NOUN
iiclr-17445	421	14	trusts	trust	VERB
iiclr-17445	421	15	with	with	ADP
iiclr-17445	421	16	approximately	approximately	ADV
iiclr-17445	421	17	five	five	NUM
iiclr-17445	421	18	-	-	PUNCT
iiclr-17445	421	19	and	and	CCONJ
iiclr-17445	421	20	-	-	PUNCT
iiclr-17445	421	21	a	a	DET
iiclr-17445	421	22	-	-	PUNCT
iiclr-17445	421	23	half	half	NOUN
iiclr-17445	421	24	trillion	trillion	NUM
iiclr-17445	421	25	yen	yen	NOUN
iiclr-17445	421	26	in	in	ADP
iiclr-17445	421	27	net	net	ADJ
iiclr-17445	421	28	assets	asset	NOUN
iiclr-17445	421	29	as	as	ADP
iiclr-17445	421	30	of	of	ADP
iiclr-17445	421	31	january	january	PROPN
iiclr-17445	421	32	,	,	PUNCT
iiclr-17445	421	33	1990.38	1990.38	NUM
iiclr-17445	421	34	efforts	effort	NOUN
iiclr-17445	421	35	are	be	AUX
iiclr-17445	421	36	required	require	VERB
iiclr-17445	421	37	to	to	PART
iiclr-17445	421	38	further	far	ADV
iiclr-17445	421	39	increase	increase	VERB
iiclr-17445	421	40	the	the	DET
iiclr-17445	421	41	attractiveness	attractiveness	NOUN
iiclr-17445	421	42	of	of	ADP
iiclr-17445	421	43	this	this	DET
iiclr-17445	421	44	type	type	NOUN
iiclr-17445	421	45	of	of	ADP
iiclr-17445	421	46	investment	investment	NOUN
iiclr-17445	421	47	trust	trust	NOUN
iiclr-17445	421	48	in	in	ADP
iiclr-17445	421	49	step	step	NOUN
iiclr-17445	421	50	with	with	ADP
iiclr-17445	421	51	the	the	DET
iiclr-17445	421	52	expanding	expand	VERB
iiclr-17445	421	53	liberalization	liberalization	NOUN
iiclr-17445	421	54	of	of	ADP
iiclr-17445	421	55	short	short	ADJ
iiclr-17445	421	56	-	-	PUNCT
iiclr-17445	421	57	term	term	NOUN
iiclr-17445	421	58	interest	interest	NOUN
iiclr-17445	421	59	rates	rate	NOUN
iiclr-17445	421	60	and	and	CCONJ
iiclr-17445	421	61	the	the	DET
iiclr-17445	421	62	development	development	NOUN
iiclr-17445	421	63	of	of	ADP
iiclr-17445	421	64	the	the	DET
iiclr-17445	421	65	short	short	ADJ
iiclr-17445	421	66	-	-	PUNCT
iiclr-17445	421	67	term	term	NOUN
iiclr-17445	421	68	open	open	ADJ
iiclr-17445	421	69	market	market	NOUN
iiclr-17445	421	70	which	which	PRON
iiclr-17445	421	71	lacks	lack	VERB
iiclr-17445	421	72	core	core	NOUN
iiclr-17445	421	73	instruments	instrument	NOUN
iiclr-17445	421	74	such	such	ADJ
iiclr-17445	421	75	as	as	ADP
iiclr-17445	421	76	short	short	ADJ
iiclr-17445	421	77	-	-	PUNCT
iiclr-17445	421	78	term	term	NOUN
iiclr-17445	421	79	treasury	treasury	NOUN
iiclr-17445	421	80	bills	bill	NOUN
iiclr-17445	421	81	,	,	PUNCT
iiclr-17445	421	82	as	as	SCONJ
iiclr-17445	421	83	noted	note	VERB
iiclr-17445	421	84	by	by	ADP
iiclr-17445	421	85	the	the	DET
iiclr-17445	421	86	joint	joint	ADJ
iiclr-17445	421	87	special	special	ADJ
iiclr-17445	421	88	study	study	NOUN
iiclr-17445	421	89	group	group	NOUN
iiclr-17445	421	90	of	of	ADP
iiclr-17445	421	91	the	the	DET
iiclr-17445	421	92	ministry	ministry	PROPN
iiclr-17445	421	93	of	of	ADP
iiclr-17445	421	94	finance	finance	PROPN
iiclr-17445	421	95	and	and	CCONJ
iiclr-17445	421	96	the	the	DET
iiclr-17445	421	97	bank	bank	NOUN
iiclr-17445	421	98	of	of	ADP
iiclr-17445	421	99	japan	japan	PROPN
iiclr-17445	421	100	.	.	PUNCT
iiclr-17445	422	1	the	the	DET
iiclr-17445	422	2	savings	saving	NOUN
iiclr-17445	422	3	orientation	orientation	NOUN
iiclr-17445	422	4	of	of	ADP
iiclr-17445	422	5	bond	bond	NOUN
iiclr-17445	422	6	investment	investment	NOUN
iiclr-17445	422	7	trusts	trust	NOUN
iiclr-17445	422	8	can	can	AUX
iiclr-17445	422	9	be	be	AUX
iiclr-17445	422	10	examined	examine	VERB
iiclr-17445	422	11	not	not	PART
iiclr-17445	422	12	only	only	ADV
iiclr-17445	422	13	in	in	ADP
iiclr-17445	422	14	the	the	DET
iiclr-17445	422	15	supplementary	supplementary	ADJ
iiclr-17445	422	16	-	-	PUNCT
iiclr-17445	422	17	funding	funding	NOUN
iiclr-17445	422	18	types	type	NOUN
iiclr-17445	422	19	of	of	ADP
iiclr-17445	422	20	funds	fund	NOUN
iiclr-17445	422	21	described	describe	VERB
iiclr-17445	422	22	above	above	ADP
iiclr-17445	422	23	but	but	CCONJ
iiclr-17445	422	24	also	also	ADV
iiclr-17445	422	25	in	in	ADP
iiclr-17445	422	26	unit	unit	NOUN
iiclr-17445	422	27	-	-	PUNCT
iiclr-17445	422	28	type	type	NOUN
iiclr-17445	422	29	bond	bond	NOUN
iiclr-17445	422	30	investment	investment	NOUN
iiclr-17445	422	31	trusts	trust	NOUN
iiclr-17445	422	32	.	.	PUNCT
iiclr-17445	423	1	the	the	DET
iiclr-17445	423	2	unitand	unitand	NOUN
iiclr-17445	423	3	spot	spot	NOUN
iiclr-17445	423	4	-	-	PUNCT
iiclr-17445	423	5	type	type	NOUN
iiclr-17445	423	6	bond	bond	NOUN
iiclr-17445	423	7	fund	fund	NOUN
iiclr-17445	423	8	was	be	AUX
iiclr-17445	423	9	introduced	introduce	VERB
iiclr-17445	423	10	in	in	ADP
iiclr-17445	423	11	1974	1974	NUM
iiclr-17445	423	12	.	.	PUNCT
iiclr-17445	424	1	this	this	DET
iiclr-17445	424	2	fund	fund	NOUN
iiclr-17445	424	3	touts	tout	VERB
iiclr-17445	424	4	a	a	DET
iiclr-17445	424	5	portfolio	portfolio	NOUN
iiclr-17445	424	6	comprised	comprise	VERB
iiclr-17445	424	7	of	of	ADP
iiclr-17445	424	8	high	high	ADV
iiclr-17445	424	9	-	-	PUNCT
iiclr-17445	424	10	yielding	yield	VERB
iiclr-17445	424	11	bonds	bond	NOUN
iiclr-17445	424	12	purchased	purchase	VERB
iiclr-17445	424	13	in	in	ADP
iiclr-17445	424	14	the	the	DET
iiclr-17445	424	15	secondary	secondary	ADJ
iiclr-17445	424	16	market	market	NOUN
iiclr-17445	424	17	and	and	CCONJ
iiclr-17445	424	18	complete	complete	ADJ
iiclr-17445	424	19	38	38	NUM
iiclr-17445	424	20	.	.	PUNCT
iiclr-17445	425	1	types	type	NOUN
iiclr-17445	425	2	and	and	CCONJ
iiclr-17445	425	3	sizes	size	NOUN
iiclr-17445	425	4	of	of	ADP
iiclr-17445	425	5	bond	bond	NOUN
iiclr-17445	425	6	investment	investment	NOUN
iiclr-17445	425	7	trusts	trust	NOUN
iiclr-17445	425	8	(	(	PUNCT
iiclr-17445	425	9	figures	figure	NOUN
iiclr-17445	425	10	are	be	AUX
iiclr-17445	425	11	of	of	ADP
iiclr-17445	425	12	january	january	PROPN
iiclr-17445	425	13	31	31	NUM
iiclr-17445	425	14	,	,	PUNCT
iiclr-17445	425	15	1990	1990	NUM
iiclr-17445	425	16	and	and	CCONJ
iiclr-17445	425	17	refer	refer	VERB
iiclr-17445	425	18	to	to	ADP
iiclr-17445	425	19	net	net	ADJ
iiclr-17445	425	20	asset	asset	NOUN
iiclr-17445	425	21	value	value	NOUN
iiclr-17445	425	22	of	of	ADP
iiclr-17445	425	23	the	the	DET
iiclr-17445	425	24	trusts	trust	NOUN
iiclr-17445	425	25	in	in	ADP
iiclr-17445	425	26	billions	billion	NOUN
iiclr-17445	425	27	of	of	ADP
iiclr-17445	425	28	yen	yen	NOUN
iiclr-17445	425	29	)	)	PUNCT
iiclr-17445	425	30	(	(	PUNCT
iiclr-17445	425	31	1	1	X
iiclr-17445	425	32	)	)	PUNCT
iiclr-17445	425	33	long	long	ADJ
iiclr-17445	425	34	-	-	PUNCT
iiclr-17445	425	35	term	term	NOUN
iiclr-17445	425	36	bond	bond	NOUN
iiclr-17445	425	37	investment	investment	NOUN
iiclr-17445	425	38	trusts	trust	VERB
iiclr-17445	425	39	2,163	2,163	NUM
iiclr-17445	425	40	(	(	PUNCT
iiclr-17445	425	41	2	2	NUM
iiclr-17445	425	42	)	)	PUNCT
iiclr-17445	425	43	medium	medium	ADJ
iiclr-17445	425	44	-	-	PUNCT
iiclr-17445	425	45	term	term	NOUN
iiclr-17445	425	46	government	government	NOUN
iiclr-17445	425	47	bond	bond	NOUN
iiclr-17445	425	48	funds	fund	VERB
iiclr-17445	425	49	5,534	5,534	NUM
iiclr-17445	425	50	(	(	PUNCT
iiclr-17445	425	51	3	3	NUM
iiclr-17445	425	52	)	)	PUNCT
iiclr-17445	425	53	free	free	ADJ
iiclr-17445	425	54	financial	financial	ADJ
iiclr-17445	425	55	funds	fund	NOUN
iiclr-17445	425	56	196	196	NUM
iiclr-17445	425	57	(	(	PUNCT
iiclr-17445	425	58	4	4	X
iiclr-17445	425	59	)	)	PUNCT
iiclr-17445	425	60	others	other	NOUN
iiclr-17445	425	61	4,861	4,861	NUM
iiclr-17445	425	62	total	total	ADJ
iiclr-17445	425	63	bond	bond	NOUN
iiclr-17445	425	64	investment	investment	NOUN
iiclr-17445	425	65	trusts	trust	VERB
iiclr-17445	425	66	12,754	12,754	NUM
iiclr-17445	425	67	investment	investment	NOUN
iiclr-17445	425	68	trusts	trust	VERB
iiclr-17445	425	69	association	association	PROPN
iiclr-17445	425	70	of	of	ADP
iiclr-17445	425	71	japan	japan	PROPN
iiclr-17445	425	72	(	(	PUNCT
iiclr-17445	425	73	1991	1991	NUM
iiclr-17445	425	74	)	)	PUNCT
iiclr-17445	425	75	.	.	PUNCT
iiclr-17445	426	1	[	[	X
iiclr-17445	426	2	vol	vol	NOUN
iiclr-17445	426	3	.	.	PUNCT
iiclr-17445	426	4	2:385	2:385	NUM
iiclr-17445	426	5	japan	japan	PROPN
iiclr-17445	426	6	's	's	PART
iiclr-17445	426	7	investment	investment	NOUN
iiclr-17445	426	8	trust	trust	NOUN
iiclr-17445	426	9	closure	closure	NOUN
iiclr-17445	426	10	through	through	ADP
iiclr-17445	426	11	the	the	DET
iiclr-17445	426	12	entire	entire	ADJ
iiclr-17445	426	13	trust	trust	NOUN
iiclr-17445	426	14	term	term	NOUN
iiclr-17445	426	15	,	,	PUNCT
iiclr-17445	426	16	qualities	quality	NOUN
iiclr-17445	426	17	designed	design	VERB
iiclr-17445	426	18	to	to	PART
iiclr-17445	426	19	draw	draw	VERB
iiclr-17445	426	20	even	even	ADV
iiclr-17445	426	21	more	more	ADJ
iiclr-17445	426	22	upon	upon	SCONJ
iiclr-17445	426	23	the	the	DET
iiclr-17445	426	24	above	above	ADV
iiclr-17445	426	25	-	-	PUNCT
iiclr-17445	426	26	mentioned	mention	VERB
iiclr-17445	426	27	characteristic	characteristic	NOUN
iiclr-17445	426	28	of	of	ADP
iiclr-17445	426	29	bonds	bond	NOUN
iiclr-17445	426	30	that	that	PRON
iiclr-17445	426	31	assures	assure	VERB
iiclr-17445	426	32	par	par	NOUN
iiclr-17445	426	33	value	value	NOUN
iiclr-17445	426	34	redemption	redemption	NOUN
iiclr-17445	426	35	if	if	SCONJ
iiclr-17445	426	36	held	hold	VERB
iiclr-17445	426	37	to	to	ADP
iiclr-17445	426	38	maturity	maturity	NOUN
iiclr-17445	426	39	.	.	PUNCT
iiclr-17445	427	1	9	9	NUM
iiclr-17445	427	2	this	this	DET
iiclr-17445	427	3	bond	bond	NOUN
iiclr-17445	427	4	fund	fund	NOUN
iiclr-17445	427	5	relies	rely	VERB
iiclr-17445	427	6	more	more	ADJ
iiclr-17445	427	7	upon	upon	SCONJ
iiclr-17445	427	8	its	its	PRON
iiclr-17445	427	9	product	product	NOUN
iiclr-17445	427	10	development	development	NOUN
iiclr-17445	427	11	capability	capability	NOUN
iiclr-17445	427	12	than	than	ADP
iiclr-17445	427	13	the	the	DET
iiclr-17445	427	14	asset	asset	NOUN
iiclr-17445	427	15	management	management	NOUN
iiclr-17445	427	16	expertise	expertise	NOUN
iiclr-17445	427	17	of	of	ADP
iiclr-17445	427	18	its	its	PRON
iiclr-17445	427	19	investment	investment	NOUN
iiclr-17445	427	20	trust	trust	NOUN
iiclr-17445	427	21	management	management	NOUN
iiclr-17445	427	22	company	company	NOUN
iiclr-17445	427	23	in	in	ADP
iiclr-17445	427	24	terms	term	NOUN
iiclr-17445	427	25	of	of	ADP
iiclr-17445	427	26	its	its	PRON
iiclr-17445	427	27	attraction	attraction	NOUN
iiclr-17445	427	28	to	to	ADP
iiclr-17445	427	29	investors.4	investors.4	NOUN
iiclr-17445	427	30	°	°	ADP
iiclr-17445	427	31	the	the	DET
iiclr-17445	427	32	response	response	NOUN
iiclr-17445	427	33	of	of	ADP
iiclr-17445	427	34	japanese	japanese	ADJ
iiclr-17445	427	35	investment	investment	NOUN
iiclr-17445	427	36	trust	trust	NOUN
iiclr-17445	427	37	management	management	NOUN
iiclr-17445	427	38	companies	company	NOUN
iiclr-17445	427	39	to	to	ADP
iiclr-17445	427	40	this	this	DET
iiclr-17445	427	41	situation	situation	NOUN
iiclr-17445	427	42	has	have	AUX
iiclr-17445	427	43	been	be	AUX
iiclr-17445	427	44	to	to	PART
iiclr-17445	427	45	offer	offer	VERB
iiclr-17445	427	46	a	a	DET
iiclr-17445	427	47	wide	wide	ADJ
iiclr-17445	427	48	range	range	NOUN
iiclr-17445	427	49	of	of	ADP
iiclr-17445	427	50	investment	investment	NOUN
iiclr-17445	427	51	products	product	NOUN
iiclr-17445	427	52	from	from	ADP
iiclr-17445	427	53	medium	medium	ADJ
iiclr-17445	427	54	-	-	PUNCT
iiclr-17445	427	55	term	term	NOUN
iiclr-17445	427	56	government	government	NOUN
iiclr-17445	427	57	bond	bond	NOUN
iiclr-17445	427	58	funds	fund	NOUN
iiclr-17445	427	59	on	on	ADP
iiclr-17445	427	60	the	the	DET
iiclr-17445	427	61	reduced	reduce	VERB
iiclr-17445	427	62	risk	risk	NOUN
iiclr-17445	427	63	side	side	NOUN
iiclr-17445	427	64	to	to	PART
iiclr-17445	427	65	open	open	ADJ
iiclr-17445	427	66	-	-	PUNCT
iiclr-17445	427	67	end	end	NOUN
iiclr-17445	427	68	stock	stock	NOUN
iiclr-17445	427	69	funds	fund	NOUN
iiclr-17445	427	70	which	which	PRON
iiclr-17445	427	71	involve	involve	VERB
iiclr-17445	427	72	elements	element	NOUN
iiclr-17445	427	73	of	of	ADP
iiclr-17445	427	74	price	price	NOUN
iiclr-17445	427	75	volatility	volatility	NOUN
iiclr-17445	427	76	exposure	exposure	NOUN
iiclr-17445	427	77	and	and	CCONJ
iiclr-17445	427	78	greater	great	ADJ
iiclr-17445	427	79	risk	risk	NOUN
iiclr-17445	427	80	exposure	exposure	NOUN
iiclr-17445	427	81	.	.	PUNCT
iiclr-17445	428	1	between	between	ADP
iiclr-17445	428	2	these	these	DET
iiclr-17445	428	3	two	two	NUM
iiclr-17445	428	4	poles	pole	NOUN
iiclr-17445	428	5	comes	come	VERB
iiclr-17445	428	6	the	the	DET
iiclr-17445	428	7	group	group	NOUN
iiclr-17445	428	8	of	of	ADP
iiclr-17445	428	9	unit	unit	NOUN
iiclr-17445	428	10	-	-	PUNCT
iiclr-17445	428	11	type	type	NOUN
iiclr-17445	428	12	stock	stock	NOUN
iiclr-17445	428	13	funds	fund	NOUN
iiclr-17445	428	14	which	which	PRON
iiclr-17445	428	15	today	today	NOUN
iiclr-17445	428	16	enjoy	enjoy	VERB
iiclr-17445	428	17	the	the	DET
iiclr-17445	428	18	greatest	great	ADJ
iiclr-17445	428	19	popularity	popularity	NOUN
iiclr-17445	428	20	and	and	CCONJ
iiclr-17445	428	21	constitute	constitute	VERB
iiclr-17445	428	22	the	the	DET
iiclr-17445	428	23	mainstay	mainstay	NOUN
iiclr-17445	428	24	of	of	ADP
iiclr-17445	428	25	the	the	DET
iiclr-17445	428	26	japanese	japanese	ADJ
iiclr-17445	428	27	investment	investment	NOUN
iiclr-17445	428	28	trust	trust	NOUN
iiclr-17445	428	29	industry	industry	NOUN
iiclr-17445	428	30	.	.	PUNCT
iiclr-17445	429	1	on	on	ADP
iiclr-17445	429	2	the	the	DET
iiclr-17445	429	3	periphery	periphery	NOUN
iiclr-17445	429	4	of	of	ADP
iiclr-17445	429	5	the	the	DET
iiclr-17445	429	6	mainstay	mainstay	NOUN
iiclr-17445	429	7	group	group	NOUN
iiclr-17445	429	8	are	be	AUX
iiclr-17445	429	9	funds	fund	NOUN
iiclr-17445	429	10	like	like	ADP
iiclr-17445	429	11	the	the	DET
iiclr-17445	429	12	openend	openend	ADJ
iiclr-17445	429	13	convertible	convertible	ADJ
iiclr-17445	429	14	bond	bond	NOUN
iiclr-17445	429	15	fund	fund	NOUN
iiclr-17445	429	16	and	and	CCONJ
iiclr-17445	429	17	many	many	ADJ
iiclr-17445	429	18	supplementary	supplementary	ADJ
iiclr-17445	429	19	-	-	PUNCT
iiclr-17445	429	20	funding	funding	NOUN
iiclr-17445	429	21	type	type	NOUN
iiclr-17445	429	22	investment	investment	NOUN
iiclr-17445	429	23	trusts	trust	NOUN
iiclr-17445	429	24	which	which	PRON
iiclr-17445	429	25	offer	offer	VERB
iiclr-17445	429	26	investors	investor	NOUN
iiclr-17445	429	27	dual	dual	ADJ
iiclr-17445	429	28	discretion	discretion	NOUN
iiclr-17445	429	29	:	:	PUNCT
iiclr-17445	429	30	the	the	DET
iiclr-17445	429	31	choice	choice	NOUN
iiclr-17445	429	32	of	of	ADP
iiclr-17445	429	33	funds	fund	NOUN
iiclr-17445	429	34	39	39	NUM
iiclr-17445	429	35	.	.	PUNCT
iiclr-17445	430	1	when	when	SCONJ
iiclr-17445	430	2	this	this	DET
iiclr-17445	430	3	type	type	NOUN
iiclr-17445	430	4	of	of	ADP
iiclr-17445	430	5	fund	fund	NOUN
iiclr-17445	430	6	was	be	AUX
iiclr-17445	430	7	introduced	introduce	VERB
iiclr-17445	430	8	in	in	ADP
iiclr-17445	430	9	1974	1974	NUM
iiclr-17445	430	10	,	,	PUNCT
iiclr-17445	430	11	high	high	ADV
iiclr-17445	430	12	-	-	PUNCT
iiclr-17445	430	13	yielding	yield	VERB
iiclr-17445	430	14	public	public	ADJ
iiclr-17445	430	15	and	and	CCONJ
iiclr-17445	430	16	corporate	corporate	ADJ
iiclr-17445	430	17	debt	debt	NOUN
iiclr-17445	430	18	instruments	instrument	NOUN
iiclr-17445	430	19	were	be	AUX
iiclr-17445	430	20	floated	float	VERB
iiclr-17445	430	21	in	in	ADP
iiclr-17445	430	22	quick	quick	ADJ
iiclr-17445	430	23	succession	succession	NOUN
iiclr-17445	430	24	,	,	PUNCT
iiclr-17445	430	25	reflecting	reflect	VERB
iiclr-17445	430	26	the	the	DET
iiclr-17445	430	27	financial	financial	ADJ
iiclr-17445	430	28	tightening	tightening	NOUN
iiclr-17445	430	29	then	then	ADV
iiclr-17445	430	30	underway	underway	ADV
iiclr-17445	430	31	.	.	PUNCT
iiclr-17445	431	1	in	in	ADP
iiclr-17445	431	2	the	the	DET
iiclr-17445	431	3	secondary	secondary	ADJ
iiclr-17445	431	4	market	market	NOUN
iiclr-17445	431	5	,	,	PUNCT
iiclr-17445	431	6	bonds	bond	NOUN
iiclr-17445	431	7	were	be	AUX
iiclr-17445	431	8	traded	trade	VERB
iiclr-17445	431	9	in	in	ADP
iiclr-17445	431	10	very	very	ADV
iiclr-17445	431	11	large	large	ADJ
iiclr-17445	431	12	units	unit	NOUN
iiclr-17445	431	13	since	since	SCONJ
iiclr-17445	431	14	an	an	DET
iiclr-17445	431	15	overwhelming	overwhelming	ADJ
iiclr-17445	431	16	majority	majority	NOUN
iiclr-17445	431	17	of	of	ADP
iiclr-17445	431	18	bonds	bond	NOUN
iiclr-17445	431	19	placed	place	VERB
iiclr-17445	431	20	in	in	ADP
iiclr-17445	431	21	circulation	circulation	NOUN
iiclr-17445	431	22	were	be	AUX
iiclr-17445	431	23	held	hold	VERB
iiclr-17445	431	24	by	by	ADP
iiclr-17445	431	25	financial	financial	ADJ
iiclr-17445	431	26	institutions	institution	NOUN
iiclr-17445	431	27	and	and	CCONJ
iiclr-17445	431	28	were	be	AUX
iiclr-17445	431	29	traded	trade	VERB
iiclr-17445	431	30	mainly	mainly	ADV
iiclr-17445	431	31	among	among	ADP
iiclr-17445	431	32	institutional	institutional	ADJ
iiclr-17445	431	33	investors	investor	NOUN
iiclr-17445	431	34	.	.	PUNCT
iiclr-17445	432	1	as	as	ADP
iiclr-17445	432	2	a	a	DET
iiclr-17445	432	3	result	result	NOUN
iiclr-17445	432	4	,	,	PUNCT
iiclr-17445	432	5	individuals	individual	NOUN
iiclr-17445	432	6	with	with	ADP
iiclr-17445	432	7	small	small	ADJ
iiclr-17445	432	8	amounts	amount	NOUN
iiclr-17445	432	9	of	of	ADP
iiclr-17445	432	10	money	money	NOUN
iiclr-17445	432	11	to	to	PART
iiclr-17445	432	12	invest	invest	VERB
iiclr-17445	432	13	had	have	AUX
iiclr-17445	432	14	reduced	reduce	VERB
iiclr-17445	432	15	access	access	NOUN
iiclr-17445	432	16	to	to	ADP
iiclr-17445	432	17	high	high	ADV
iiclr-17445	432	18	-	-	PUNCT
iiclr-17445	432	19	yielding	yield	VERB
iiclr-17445	432	20	bonds	bond	NOUN
iiclr-17445	432	21	.	.	PUNCT
iiclr-17445	433	1	under	under	ADP
iiclr-17445	433	2	these	these	DET
iiclr-17445	433	3	circumstances	circumstance	NOUN
iiclr-17445	433	4	,	,	PUNCT
iiclr-17445	433	5	the	the	DET
iiclr-17445	433	6	development	development	NOUN
iiclr-17445	433	7	of	of	ADP
iiclr-17445	433	8	the	the	DET
iiclr-17445	433	9	unitand	unitand	NOUN
iiclr-17445	433	10	spot	spot	NOUN
iiclr-17445	433	11	-	-	PUNCT
iiclr-17445	433	12	type	type	NOUN
iiclr-17445	433	13	bond	bond	NOUN
iiclr-17445	433	14	fund	fund	NOUN
iiclr-17445	433	15	ideally	ideally	ADV
iiclr-17445	433	16	fit	fit	VERB
iiclr-17445	433	17	the	the	DET
iiclr-17445	433	18	needs	need	NOUN
iiclr-17445	433	19	of	of	ADP
iiclr-17445	433	20	small	small	ADJ
iiclr-17445	433	21	investors	investor	NOUN
iiclr-17445	433	22	.	.	PUNCT
iiclr-17445	434	1	complete	complete	VERB
iiclr-17445	434	2	closure	closure	NOUN
iiclr-17445	434	3	through	through	ADP
iiclr-17445	434	4	the	the	DET
iiclr-17445	434	5	entire	entire	ADJ
iiclr-17445	434	6	trust	trust	NOUN
iiclr-17445	434	7	term	term	NOUN
iiclr-17445	434	8	restricts	restrict	VERB
iiclr-17445	434	9	turnover	turnover	NOUN
iiclr-17445	434	10	in	in	ADP
iiclr-17445	434	11	its	its	PRON
iiclr-17445	434	12	portfolio	portfolio	NOUN
iiclr-17445	434	13	while	while	SCONJ
iiclr-17445	434	14	encouraging	encourage	VERB
iiclr-17445	434	15	the	the	DET
iiclr-17445	434	16	maintenance	maintenance	NOUN
iiclr-17445	434	17	of	of	ADP
iiclr-17445	434	18	a	a	DET
iiclr-17445	434	19	strong	strong	ADJ
iiclr-17445	434	20	savings	saving	NOUN
iiclr-17445	434	21	orientation	orientation	NOUN
iiclr-17445	434	22	with	with	ADP
iiclr-17445	434	23	attractive	attractive	ADJ
iiclr-17445	434	24	yields	yield	NOUN
iiclr-17445	434	25	.	.	PUNCT
iiclr-17445	435	1	40	40	NUM
iiclr-17445	435	2	.	.	PUNCT
iiclr-17445	436	1	investment	investment	NOUN
iiclr-17445	436	2	trusts	trust	VERB
iiclr-17445	436	3	association	association	PROPN
iiclr-17445	436	4	of	of	ADP
iiclr-17445	436	5	japan	japan	PROPN
iiclr-17445	436	6	,	,	PUNCT
iiclr-17445	436	7	shoken	shoken	VERB
iiclr-17445	436	8	toshi	toshi	PROPN
iiclr-17445	436	9	-	-	PUNCT
iiclr-17445	436	10	shintaku	shintaku	PROPN
iiclr-17445	436	11	sanjyu	sanjyu	NOUN
iiclr-17445	436	12	-	-	PUNCT
iiclr-17445	436	13	go	go	VERB
iiclr-17445	436	14	-	-	PUNCT
iiclr-17445	436	15	nen	nen	NOUN
iiclr-17445	436	16	shi	shi	PROPN
iiclr-17445	436	17	(	(	PUNCT
iiclr-17445	436	18	the	the	DET
iiclr-17445	436	19	thirty	thirty	NUM
iiclr-17445	436	20	-	-	PUNCT
iiclr-17445	436	21	five	five	NUM
iiclr-17445	436	22	year	year	NOUN
iiclr-17445	436	23	history	history	NOUN
iiclr-17445	436	24	of	of	ADP
iiclr-17445	436	25	investment	investment	NOUN
iiclr-17445	436	26	trusts	trust	NOUN
iiclr-17445	436	27	)	)	PUNCT
iiclr-17445	436	28	(	(	PUNCT
iiclr-17445	436	29	1987	1987	NUM
iiclr-17445	436	30	)	)	PUNCT
iiclr-17445	436	31	.	.	PUNCT
iiclr-17445	437	1	the	the	DET
iiclr-17445	437	2	development	development	NOUN
iiclr-17445	437	3	of	of	ADP
iiclr-17445	437	4	japanese	japanese	ADJ
iiclr-17445	437	5	investment	investment	NOUN
iiclr-17445	437	6	trusts	trust	NOUN
iiclr-17445	437	7	reflects	reflect	VERB
iiclr-17445	437	8	responses	response	NOUN
iiclr-17445	437	9	to	to	ADP
iiclr-17445	437	10	a	a	DET
iiclr-17445	437	11	great	great	ADJ
iiclr-17445	437	12	variety	variety	NOUN
iiclr-17445	437	13	of	of	ADP
iiclr-17445	437	14	specific	specific	ADJ
iiclr-17445	437	15	socioeconomic	socioeconomic	ADJ
iiclr-17445	437	16	events	event	NOUN
iiclr-17445	437	17	at	at	ADP
iiclr-17445	437	18	varying	vary	VERB
iiclr-17445	437	19	stages	stage	NOUN
iiclr-17445	437	20	in	in	ADP
iiclr-17445	437	21	the	the	DET
iiclr-17445	437	22	reconstruction	reconstruction	NOUN
iiclr-17445	437	23	and	and	CCONJ
iiclr-17445	437	24	growth	growth	NOUN
iiclr-17445	437	25	of	of	ADP
iiclr-17445	437	26	post	post	ADJ
iiclr-17445	437	27	-	-	ADJ
iiclr-17445	437	28	war	war	ADJ
iiclr-17445	437	29	japan	japan	PROPN
iiclr-17445	437	30	.	.	PUNCT
iiclr-17445	438	1	among	among	ADP
iiclr-17445	438	2	the	the	DET
iiclr-17445	438	3	many	many	ADJ
iiclr-17445	438	4	factors	factor	NOUN
iiclr-17445	438	5	which	which	PRON
iiclr-17445	438	6	have	have	AUX
iiclr-17445	438	7	affected	affect	VERB
iiclr-17445	438	8	the	the	DET
iiclr-17445	438	9	development	development	NOUN
iiclr-17445	438	10	of	of	ADP
iiclr-17445	438	11	the	the	DET
iiclr-17445	438	12	investment	investment	NOUN
iiclr-17445	438	13	trust	trust	NOUN
iiclr-17445	438	14	industry	industry	NOUN
iiclr-17445	438	15	,	,	PUNCT
iiclr-17445	438	16	one	one	NUM
iiclr-17445	438	17	of	of	ADP
iiclr-17445	438	18	the	the	DET
iiclr-17445	438	19	more	more	ADV
iiclr-17445	438	20	prominent	prominent	ADJ
iiclr-17445	438	21	is	be	AUX
iiclr-17445	438	22	investment	investment	NOUN
iiclr-17445	438	23	risk	risk	NOUN
iiclr-17445	438	24	preference	preference	NOUN
iiclr-17445	438	25	of	of	ADP
iiclr-17445	438	26	the	the	DET
iiclr-17445	438	27	individual	individual	ADJ
iiclr-17445	438	28	japanese	japanese	ADJ
iiclr-17445	438	29	investor	investor	NOUN
iiclr-17445	438	30	.	.	PUNCT
iiclr-17445	439	1	individual	individual	ADJ
iiclr-17445	439	2	investors	investor	NOUN
iiclr-17445	439	3	in	in	ADP
iiclr-17445	439	4	japan	japan	PROPN
iiclr-17445	439	5	are	be	AUX
iiclr-17445	439	6	made	make	VERB
iiclr-17445	439	7	up	up	ADP
iiclr-17445	439	8	of	of	ADP
iiclr-17445	439	9	many	many	ADJ
iiclr-17445	439	10	different	different	ADJ
iiclr-17445	439	11	types	type	NOUN
iiclr-17445	439	12	.	.	PUNCT
iiclr-17445	440	1	some	some	PRON
iiclr-17445	440	2	emphasize	emphasize	VERB
iiclr-17445	440	3	capital	capital	NOUN
iiclr-17445	440	4	risk	risk	NOUN
iiclr-17445	440	5	avoidance	avoidance	NOUN
iiclr-17445	440	6	,	,	PUNCT
iiclr-17445	440	7	stable	stable	ADJ
iiclr-17445	440	8	asset	asset	NOUN
iiclr-17445	440	9	management	management	NOUN
iiclr-17445	440	10	,	,	PUNCT
iiclr-17445	440	11	and	and	CCONJ
iiclr-17445	440	12	uninterrupted	uninterrupted	ADJ
iiclr-17445	440	13	income	income	NOUN
iiclr-17445	440	14	distribution	distribution	NOUN
iiclr-17445	440	15	.	.	PUNCT
iiclr-17445	441	1	others	other	NOUN
iiclr-17445	441	2	are	be	AUX
iiclr-17445	441	3	drawn	draw	VERB
iiclr-17445	441	4	to	to	ADP
iiclr-17445	441	5	active	active	ADJ
iiclr-17445	441	6	management	management	NOUN
iiclr-17445	441	7	for	for	ADP
iiclr-17445	441	8	capital	capital	NOUN
iiclr-17445	441	9	gains	gain	NOUN
iiclr-17445	441	10	purposes	purpose	NOUN
iiclr-17445	441	11	,	,	PUNCT
iiclr-17445	441	12	while	while	SCONJ
iiclr-17445	441	13	opt	opt	VERB
iiclr-17445	441	14	for	for	ADP
iiclr-17445	441	15	a	a	DET
iiclr-17445	441	16	combination	combination	NOUN
iiclr-17445	441	17	of	of	ADP
iiclr-17445	441	18	the	the	DET
iiclr-17445	441	19	two	two	NUM
iiclr-17445	441	20	.	.	PUNCT
iiclr-17445	442	1	in	in	ADP
iiclr-17445	442	2	the	the	DET
iiclr-17445	442	3	united	united	PROPN
iiclr-17445	442	4	states	states	PROPN
iiclr-17445	442	5	,	,	PUNCT
iiclr-17445	442	6	some	some	DET
iiclr-17445	442	7	individual	individual	ADJ
iiclr-17445	442	8	investors	investor	NOUN
iiclr-17445	442	9	also	also	ADV
iiclr-17445	442	10	emphasize	emphasize	VERB
iiclr-17445	442	11	preservation	preservation	NOUN
iiclr-17445	442	12	of	of	ADP
iiclr-17445	442	13	investment	investment	NOUN
iiclr-17445	442	14	capital	capital	NOUN
iiclr-17445	442	15	.	.	PUNCT
iiclr-17445	443	1	this	this	DET
iiclr-17445	443	2	emphasis	emphasis	NOUN
iiclr-17445	443	3	on	on	ADP
iiclr-17445	443	4	preservation	preservation	NOUN
iiclr-17445	443	5	of	of	ADP
iiclr-17445	443	6	capital	capital	NOUN
iiclr-17445	443	7	has	have	AUX
iiclr-17445	443	8	become	become	VERB
iiclr-17445	443	9	more	more	ADV
iiclr-17445	443	10	pronounced	pronounce	VERB
iiclr-17445	443	11	in	in	ADP
iiclr-17445	443	12	the	the	DET
iiclr-17445	443	13	u.s	u.s	PROPN
iiclr-17445	443	14	.	.	PROPN
iiclr-17445	443	15	after	after	ADP
iiclr-17445	443	16	the	the	DET
iiclr-17445	443	17	stock	stock	NOUN
iiclr-17445	443	18	market	market	NOUN
iiclr-17445	443	19	collapse	collapse	NOUN
iiclr-17445	443	20	of	of	ADP
iiclr-17445	443	21	black	black	ADJ
iiclr-17445	443	22	monday	monday	PROPN
iiclr-17445	443	23	of	of	ADP
iiclr-17445	443	24	1987	1987	NUM
iiclr-17445	443	25	.	.	PUNCT
iiclr-17445	444	1	for	for	ADP
iiclr-17445	444	2	example	example	NOUN
iiclr-17445	444	3	,	,	PUNCT
iiclr-17445	444	4	some	some	DET
iiclr-17445	444	5	long	long	ADJ
iiclr-17445	444	6	-	-	PUNCT
iiclr-17445	444	7	term	term	NOUN
iiclr-17445	444	8	variable	variable	ADJ
iiclr-17445	444	9	mutual	mutual	ADJ
iiclr-17445	444	10	funds	fund	NOUN
iiclr-17445	444	11	are	be	AUX
iiclr-17445	444	12	now	now	ADV
iiclr-17445	444	13	trying	try	VERB
iiclr-17445	444	14	to	to	PART
iiclr-17445	444	15	accommodate	accommodate	VERB
iiclr-17445	444	16	client	client	NOUN
iiclr-17445	444	17	's	's	PART
iiclr-17445	444	18	growing	grow	VERB
iiclr-17445	444	19	emphasis	emphasis	NOUN
iiclr-17445	444	20	on	on	ADP
iiclr-17445	444	21	stability	stability	NOUN
iiclr-17445	444	22	by	by	ADP
iiclr-17445	444	23	making	make	VERB
iiclr-17445	444	24	their	their	PRON
iiclr-17445	444	25	performance	performance	NOUN
iiclr-17445	444	26	more	more	ADV
iiclr-17445	444	27	predictable	predictable	ADJ
iiclr-17445	444	28	and	and	CCONJ
iiclr-17445	444	29	stable	stable	ADJ
iiclr-17445	444	30	even	even	ADV
iiclr-17445	444	31	at	at	ADP
iiclr-17445	444	32	the	the	DET
iiclr-17445	444	33	cost	cost	NOUN
iiclr-17445	444	34	of	of	ADP
iiclr-17445	444	35	somewhat	somewhat	ADV
iiclr-17445	444	36	larger	large	ADJ
iiclr-17445	444	37	expenses	expense	NOUN
iiclr-17445	444	38	and	and	CCONJ
iiclr-17445	444	39	lower	low	ADJ
iiclr-17445	444	40	returns	return	NOUN
iiclr-17445	444	41	.	.	PUNCT
iiclr-17445	445	1	these	these	DET
iiclr-17445	445	2	funds	fund	NOUN
iiclr-17445	445	3	are	be	AUX
iiclr-17445	445	4	doing	do	VERB
iiclr-17445	445	5	this	this	PRON
iiclr-17445	445	6	by	by	ADP
iiclr-17445	445	7	taking	take	VERB
iiclr-17445	445	8	out	out	ADP
iiclr-17445	445	9	special	special	ADJ
iiclr-17445	445	10	insurance	insurance	NOUN
iiclr-17445	445	11	policies	policy	NOUN
iiclr-17445	445	12	and	and	CCONJ
iiclr-17445	445	13	getting	get	VERB
iiclr-17445	445	14	bank	bank	NOUN
iiclr-17445	445	15	guarantees	guarantee	NOUN
iiclr-17445	445	16	on	on	ADP
iiclr-17445	445	17	bond	bond	NOUN
iiclr-17445	445	18	yields	yield	NOUN
iiclr-17445	445	19	and	and	CCONJ
iiclr-17445	445	20	on	on	ADP
iiclr-17445	445	21	the	the	DET
iiclr-17445	445	22	performance	performance	NOUN
iiclr-17445	445	23	of	of	ADP
iiclr-17445	445	24	options	option	NOUN
iiclr-17445	445	25	held	hold	VERB
iiclr-17445	445	26	in	in	ADP
iiclr-17445	445	27	fund	fund	NOUN
iiclr-17445	445	28	portfolios	portfolio	NOUN
iiclr-17445	445	29	.	.	PUNCT
iiclr-17445	446	1	19921	19921	NUM
iiclr-17445	446	2	ind	ind	NOUN
iiclr-17445	446	3	.	.	PUNCT
iiclr-17445	447	1	int'l	int'l	PROPN
iiclr-17445	447	2	&	&	CCONJ
iiclr-17445	447	3	comp	comp	PROPN
iiclr-17445	447	4	.	.	PUNCT
iiclr-17445	448	1	l.	l.	PROPN
iiclr-17445	448	2	rev	rev	PROPN
iiclr-17445	448	3	.	.	PUNCT
iiclr-17445	449	1	exhibiting	exhibit	VERB
iiclr-17445	449	2	or	or	CCONJ
iiclr-17445	449	3	promising	promise	VERB
iiclr-17445	449	4	superior	superior	ADJ
iiclr-17445	449	5	performances	performance	NOUN
iiclr-17445	449	6	and	and	CCONJ
iiclr-17445	449	7	the	the	DET
iiclr-17445	449	8	choice	choice	NOUN
iiclr-17445	449	9	of	of	ADP
iiclr-17445	449	10	timing	timing	NOUN
iiclr-17445	449	11	to	to	PART
iiclr-17445	449	12	buy	buy	VERB
iiclr-17445	449	13	or	or	CCONJ
iiclr-17445	449	14	sell	sell	VERB
iiclr-17445	449	15	.	.	PUNCT
iiclr-17445	450	1	however	however	ADV
iiclr-17445	450	2	,	,	PUNCT
iiclr-17445	450	3	savings	saving	NOUN
iiclr-17445	450	4	-	-	PUNCT
iiclr-17445	450	5	oriented	orient	VERB
iiclr-17445	450	6	funds	fund	NOUN
iiclr-17445	450	7	still	still	ADV
iiclr-17445	450	8	constitute	constitute	VERB
iiclr-17445	450	9	a	a	DET
iiclr-17445	450	10	high	high	ADJ
iiclr-17445	450	11	percentage	percentage	NOUN
iiclr-17445	450	12	of	of	ADP
iiclr-17445	450	13	the	the	DET
iiclr-17445	450	14	total	total	ADJ
iiclr-17445	450	15	amount	amount	NOUN
iiclr-17445	450	16	of	of	ADP
iiclr-17445	450	17	funds	fund	NOUN
iiclr-17445	450	18	.	.	PUNCT
iiclr-17445	451	1	this	this	DET
iiclr-17445	451	2	fact	fact	NOUN
iiclr-17445	451	3	raises	raise	VERB
iiclr-17445	451	4	the	the	DET
iiclr-17445	451	5	question	question	NOUN
iiclr-17445	451	6	of	of	ADP
iiclr-17445	451	7	whether	whether	SCONJ
iiclr-17445	451	8	the	the	DET
iiclr-17445	451	9	present	present	ADJ
iiclr-17445	451	10	composition	composition	NOUN
iiclr-17445	451	11	of	of	ADP
iiclr-17445	451	12	investment	investment	NOUN
iiclr-17445	451	13	trusts	trust	NOUN
iiclr-17445	451	14	is	be	AUX
iiclr-17445	451	15	the	the	DET
iiclr-17445	451	16	result	result	NOUN
iiclr-17445	451	17	of	of	ADP
iiclr-17445	451	18	uniform	uniform	PROPN
iiclr-17445	451	19	trust	trust	PROPN
iiclr-17445	451	20	characteristics	characteristic	NOUN
iiclr-17445	451	21	,	,	PUNCT
iiclr-17445	451	22	investors	investor	NOUN
iiclr-17445	451	23	'	'	PART
iiclr-17445	451	24	motivation	motivation	NOUN
iiclr-17445	451	25	,	,	PUNCT
iiclr-17445	451	26	marketing	marketing	NOUN
iiclr-17445	451	27	and	and	CCONJ
iiclr-17445	451	28	subscription	subscription	NOUN
iiclr-17445	451	29	activities	activity	NOUN
iiclr-17445	451	30	of	of	ADP
iiclr-17445	451	31	securities	security	NOUN
iiclr-17445	451	32	companies	company	NOUN
iiclr-17445	451	33	,	,	PUNCT
iiclr-17445	451	34	or	or	CCONJ
iiclr-17445	451	35	a	a	DET
iiclr-17445	451	36	combination	combination	NOUN
iiclr-17445	451	37	of	of	ADP
iiclr-17445	451	38	these	these	DET
iiclr-17445	451	39	three	three	NUM
iiclr-17445	451	40	factors	factor	NOUN
iiclr-17445	451	41	and	and	CCONJ
iiclr-17445	451	42	others	other	NOUN
iiclr-17445	451	43	.	.	PUNCT
iiclr-17445	452	1	the	the	DET
iiclr-17445	452	2	answer	answer	NOUN
iiclr-17445	452	3	to	to	ADP
iiclr-17445	452	4	this	this	DET
iiclr-17445	452	5	question	question	NOUN
iiclr-17445	452	6	is	be	AUX
iiclr-17445	452	7	not	not	PART
iiclr-17445	452	8	an	an	DET
iiclr-17445	452	9	easy	easy	ADJ
iiclr-17445	452	10	one	one	NOUN
iiclr-17445	452	11	,	,	PUNCT
iiclr-17445	452	12	but	but	CCONJ
iiclr-17445	452	13	as	as	SCONJ
iiclr-17445	452	14	this	this	DET
iiclr-17445	452	15	article	article	NOUN
iiclr-17445	452	16	suggests	suggest	VERB
iiclr-17445	452	17	,	,	PUNCT
iiclr-17445	452	18	all	all	DET
iiclr-17445	452	19	these	these	DET
iiclr-17445	452	20	factors	factor	NOUN
iiclr-17445	452	21	have	have	AUX
iiclr-17445	452	22	greatly	greatly	ADV
iiclr-17445	452	23	affected	affect	VERB
iiclr-17445	452	24	the	the	DET
iiclr-17445	452	25	development	development	NOUN
iiclr-17445	452	26	of	of	ADP
iiclr-17445	452	27	investment	investment	NOUN
iiclr-17445	452	28	trusts	trust	NOUN
iiclr-17445	452	29	in	in	ADP
iiclr-17445	452	30	japan	japan	PROPN
iiclr-17445	452	31	in	in	ADP
iiclr-17445	452	32	one	one	NUM
iiclr-17445	452	33	way	way	NOUN
iiclr-17445	452	34	or	or	CCONJ
iiclr-17445	452	35	another	another	PRON
iiclr-17445	452	36	.	.	PUNCT
iiclr-17445	453	1	iv	iv	X
iiclr-17445	453	2	.	.	PUNCT
iiclr-17445	453	3	investment	investment	NOUN
iiclr-17445	453	4	trust	trust	PROPN
iiclr-17445	453	5	:	:	PUNCT
iiclr-17445	453	6	current	current	ADJ
iiclr-17445	453	7	outlook	outlook	NOUN
iiclr-17445	453	8	and	and	CCONJ
iiclr-17445	453	9	future	future	ADJ
iiclr-17445	453	10	prospects	prospect	NOUN
iiclr-17445	453	11	today	today	NOUN
iiclr-17445	453	12	in	in	ADP
iiclr-17445	453	13	japan	japan	PROPN
iiclr-17445	453	14	,	,	PUNCT
iiclr-17445	453	15	investors	investor	NOUN
iiclr-17445	453	16	should	should	AUX
iiclr-17445	453	17	be	be	AUX
iiclr-17445	453	18	completely	completely	ADV
iiclr-17445	453	19	free	free	ADJ
iiclr-17445	453	20	as	as	ADP
iiclr-17445	453	21	a	a	DET
iiclr-17445	453	22	matter	matter	NOUN
iiclr-17445	453	23	of	of	ADP
iiclr-17445	453	24	principle	principle	NOUN
iiclr-17445	453	25	in	in	ADP
iiclr-17445	453	26	a	a	DET
iiclr-17445	453	27	market	market	NOUN
iiclr-17445	453	28	economy	economy	NOUN
iiclr-17445	453	29	to	to	PART
iiclr-17445	453	30	choose	choose	VERB
iiclr-17445	453	31	their	their	PRON
iiclr-17445	453	32	financial	financial	ADJ
iiclr-17445	453	33	products	product	NOUN
iiclr-17445	453	34	or	or	CCONJ
iiclr-17445	453	35	the	the	DET
iiclr-17445	453	36	services	service	NOUN
iiclr-17445	453	37	of	of	ADP
iiclr-17445	453	38	intermediaries	intermediary	NOUN
iiclr-17445	453	39	.	.	PUNCT
iiclr-17445	454	1	their	their	PRON
iiclr-17445	454	2	choices	choice	NOUN
iiclr-17445	454	3	should	should	AUX
iiclr-17445	454	4	ultimately	ultimately	ADV
iiclr-17445	454	5	depend	depend	VERB
iiclr-17445	454	6	not	not	PART
iiclr-17445	454	7	only	only	ADV
iiclr-17445	454	8	on	on	ADP
iiclr-17445	454	9	their	their	PRON
iiclr-17445	454	10	objectives	objective	NOUN
iiclr-17445	454	11	for	for	ADP
iiclr-17445	454	12	savings	saving	NOUN
iiclr-17445	454	13	and	and	CCONJ
iiclr-17445	454	14	investment	investment	NOUN
iiclr-17445	454	15	but	but	CCONJ
iiclr-17445	454	16	also	also	ADV
iiclr-17445	454	17	on	on	ADP
iiclr-17445	454	18	the	the	DET
iiclr-17445	454	19	quantity	quantity	NOUN
iiclr-17445	454	20	as	as	ADV
iiclr-17445	454	21	well	well	ADV
iiclr-17445	454	22	as	as	ADP
iiclr-17445	454	23	quality	quality	NOUN
iiclr-17445	454	24	of	of	ADP
iiclr-17445	454	25	information	information	NOUN
iiclr-17445	454	26	they	they	PRON
iiclr-17445	454	27	have	have	VERB
iiclr-17445	454	28	about	about	ADP
iiclr-17445	454	29	financial	financial	ADJ
iiclr-17445	454	30	markets	market	NOUN
iiclr-17445	454	31	and	and	CCONJ
iiclr-17445	454	32	financial	financial	ADJ
iiclr-17445	454	33	products	product	NOUN
iiclr-17445	454	34	.	.	PUNCT
iiclr-17445	455	1	this	this	DET
iiclr-17445	455	2	statement	statement	NOUN
iiclr-17445	455	3	in	in	ADP
iiclr-17445	455	4	support	support	NOUN
iiclr-17445	455	5	of	of	ADP
iiclr-17445	455	6	investor	investor	NOUN
iiclr-17445	455	7	selection	selection	NOUN
iiclr-17445	455	8	freedom	freedom	NOUN
iiclr-17445	455	9	would	would	AUX
iiclr-17445	455	10	have	have	AUX
iiclr-17445	455	11	been	be	AUX
iiclr-17445	455	12	unthinkable	unthinkable	ADJ
iiclr-17445	455	13	both	both	CCONJ
iiclr-17445	455	14	during	during	ADP
iiclr-17445	455	15	the	the	DET
iiclr-17445	455	16	years	year	NOUN
iiclr-17445	455	17	immediately	immediately	ADV
iiclr-17445	455	18	before	before	ADP
iiclr-17445	455	19	and	and	CCONJ
iiclr-17445	455	20	after	after	ADP
iiclr-17445	455	21	the	the	DET
iiclr-17445	455	22	introduction	introduction	NOUN
iiclr-17445	455	23	of	of	ADP
iiclr-17445	455	24	the	the	DET
iiclr-17445	455	25	investment	investment	NOUN
iiclr-17445	455	26	trust	trust	NOUN
iiclr-17445	455	27	which	which	PRON
iiclr-17445	455	28	took	take	VERB
iiclr-17445	455	29	place	place	NOUN
iiclr-17445	455	30	after	after	ADP
iiclr-17445	455	31	the	the	DET
iiclr-17445	455	32	end	end	NOUN
iiclr-17445	455	33	of	of	ADP
iiclr-17445	455	34	world	world	PROPN
iiclr-17445	455	35	war	war	PROPN
iiclr-17445	455	36	ii	ii	PROPN
iiclr-17445	455	37	and	and	CCONJ
iiclr-17445	455	38	during	during	ADP
iiclr-17445	455	39	the	the	DET
iiclr-17445	455	40	years	year	NOUN
iiclr-17445	455	41	immediately	immediately	ADV
iiclr-17445	455	42	following	follow	VERB
iiclr-17445	455	43	the	the	DET
iiclr-17445	455	44	securities	security	NOUN
iiclr-17445	455	45	market	market	NOUN
iiclr-17445	455	46	depression	depression	NOUN
iiclr-17445	455	47	of	of	ADP
iiclr-17445	455	48	1965	1965	NUM
iiclr-17445	455	49	.	.	PUNCT
iiclr-17445	456	1	today	today	NOUN
iiclr-17445	456	2	,	,	PUNCT
iiclr-17445	456	3	however	however	ADV
iiclr-17445	456	4	,	,	PUNCT
iiclr-17445	456	5	the	the	DET
iiclr-17445	456	6	financial	financial	ADJ
iiclr-17445	456	7	landscape	landscape	NOUN
iiclr-17445	456	8	has	have	AUX
iiclr-17445	456	9	changed	change	VERB
iiclr-17445	456	10	with	with	ADP
iiclr-17445	456	11	the	the	DET
iiclr-17445	456	12	japanese	japanese	ADJ
iiclr-17445	456	13	domestic	domestic	ADJ
iiclr-17445	456	14	markets	market	NOUN
iiclr-17445	456	15	growing	grow	VERB
iiclr-17445	456	16	and	and	CCONJ
iiclr-17445	456	17	maturing	mature	VERB
iiclr-17445	456	18	each	each	DET
iiclr-17445	456	19	year	year	NOUN
iiclr-17445	456	20	while	while	SCONJ
iiclr-17445	456	21	at	at	ADP
iiclr-17445	456	22	the	the	DET
iiclr-17445	456	23	same	same	ADJ
iiclr-17445	456	24	time	time	NOUN
iiclr-17445	456	25	japanese	japanese	ADJ
iiclr-17445	456	26	investors	investor	NOUN
iiclr-17445	456	27	continue	continue	VERB
iiclr-17445	456	28	to	to	PART
iiclr-17445	456	29	mature	mature	VERB
iiclr-17445	456	30	.	.	PUNCT
iiclr-17445	457	1	behind	behind	ADP
iiclr-17445	457	2	these	these	DET
iiclr-17445	457	3	domestic	domestic	ADJ
iiclr-17445	457	4	changes	change	NOUN
iiclr-17445	457	5	stands	stand	VERB
iiclr-17445	457	6	the	the	DET
iiclr-17445	457	7	process	process	NOUN
iiclr-17445	457	8	of	of	ADP
iiclr-17445	457	9	the	the	DET
iiclr-17445	457	10	internationalization	internationalization	NOUN
iiclr-17445	457	11	of	of	ADP
iiclr-17445	457	12	securities	security	NOUN
iiclr-17445	457	13	markets	market	NOUN
iiclr-17445	457	14	and	and	CCONJ
iiclr-17445	457	15	all	all	DET
iiclr-17445	457	16	the	the	DET
iiclr-17445	457	17	effects	effect	NOUN
iiclr-17445	457	18	which	which	PRON
iiclr-17445	457	19	this	this	DET
iiclr-17445	457	20	process	process	NOUN
iiclr-17445	457	21	creates	create	VERB
iiclr-17445	457	22	.	.	PUNCT
iiclr-17445	458	1	together	together	ADV
iiclr-17445	458	2	,	,	PUNCT
iiclr-17445	458	3	the	the	DET
iiclr-17445	458	4	domestic	domestic	ADJ
iiclr-17445	458	5	and	and	CCONJ
iiclr-17445	458	6	international	international	ADJ
iiclr-17445	458	7	changes	change	NOUN
iiclr-17445	458	8	reflect	reflect	VERB
iiclr-17445	458	9	the	the	DET
iiclr-17445	458	10	need	need	NOUN
iiclr-17445	458	11	for	for	ADP
iiclr-17445	458	12	reexamining	reexamine	VERB
iiclr-17445	458	13	in	in	ADP
iiclr-17445	458	14	detail	detail	NOUN
iiclr-17445	458	15	the	the	DET
iiclr-17445	458	16	current	current	ADJ
iiclr-17445	458	17	japanese	japanese	ADJ
iiclr-17445	458	18	investment	investment	NOUN
iiclr-17445	458	19	trust	trust	NOUN
iiclr-17445	458	20	system	system	NOUN
iiclr-17445	458	21	.	.	PUNCT
iiclr-17445	459	1	other	other	ADJ
iiclr-17445	459	2	countries	country	NOUN
iiclr-17445	459	3	have	have	AUX
iiclr-17445	459	4	responded	respond	VERB
iiclr-17445	459	5	to	to	ADP
iiclr-17445	459	6	these	these	DET
iiclr-17445	459	7	changes	change	NOUN
iiclr-17445	459	8	in	in	ADP
iiclr-17445	459	9	a	a	DET
iiclr-17445	459	10	manner	manner	NOUN
iiclr-17445	459	11	similar	similar	ADJ
iiclr-17445	459	12	to	to	ADP
iiclr-17445	459	13	the	the	DET
iiclr-17445	459	14	one	one	NOUN
iiclr-17445	459	15	called	call	VERB
iiclr-17445	459	16	for	for	ADP
iiclr-17445	459	17	in	in	ADP
iiclr-17445	459	18	this	this	DET
iiclr-17445	459	19	article	article	NOUN
iiclr-17445	459	20	.	.	PUNCT
iiclr-17445	460	1	for	for	ADP
iiclr-17445	460	2	example	example	NOUN
iiclr-17445	460	3	,	,	PUNCT
iiclr-17445	460	4	the	the	DET
iiclr-17445	460	5	united	united	PROPN
iiclr-17445	460	6	states	states	PROPN
iiclr-17445	460	7	'	'	PART
iiclr-17445	460	8	sec	sec	PROPN
iiclr-17445	460	9	has	have	AUX
iiclr-17445	460	10	recently	recently	ADV
iiclr-17445	460	11	announced	announce	VERB
iiclr-17445	460	12	that	that	SCONJ
iiclr-17445	460	13	it	it	PRON
iiclr-17445	460	14	is	be	AUX
iiclr-17445	460	15	considering	consider	VERB
iiclr-17445	460	16	revising	revise	VERB
iiclr-17445	460	17	the	the	DET
iiclr-17445	460	18	investment	investment	NOUN
iiclr-17445	460	19	company	company	NOUN
iiclr-17445	460	20	act	act	NOUN
iiclr-17445	460	21	of	of	ADP
iiclr-17445	460	22	1940	1940	NUM
iiclr-17445	460	23	so	so	SCONJ
iiclr-17445	460	24	that	that	SCONJ
iiclr-17445	460	25	the	the	DET
iiclr-17445	460	26	act	act	NOUN
iiclr-17445	460	27	will	will	AUX
iiclr-17445	460	28	better	well	ADV
iiclr-17445	460	29	reflect	reflect	VERB
iiclr-17445	460	30	the	the	DET
iiclr-17445	460	31	changed	change	VERB
iiclr-17445	460	32	market	market	NOUN
iiclr-17445	460	33	environment	environment	NOUN
iiclr-17445	460	34	,	,	PUNCT
iiclr-17445	460	35	which	which	PRON
iiclr-17445	460	36	includes	include	VERB
iiclr-17445	460	37	the	the	DET
iiclr-17445	460	38	internationalization	internationalization	NOUN
iiclr-17445	460	39	of	of	ADP
iiclr-17445	460	40	securities	security	NOUN
iiclr-17445	460	41	markets	market	NOUN
iiclr-17445	460	42	.	.	PUNCT
iiclr-17445	461	1	the	the	DET
iiclr-17445	461	2	sec	sec	PROPN
iiclr-17445	461	3	"	"	PUNCT
iiclr-17445	461	4	seeks	seek	VERB
iiclr-17445	461	5	comments	comment	NOUN
iiclr-17445	461	6	on	on	ADP
iiclr-17445	461	7	how	how	SCONJ
iiclr-17445	461	8	to	to	PART
iiclr-17445	461	9	best	well	ADV
iiclr-17445	461	10	facilitate	facilitate	NOUN
iiclr-17445	461	11	competition	competition	NOUN
iiclr-17445	461	12	between	between	ADP
iiclr-17445	461	13	united	united	PROPN
iiclr-17445	461	14	states	states	PROPN
iiclr-17445	461	15	investment	investment	NOUN
iiclr-17445	461	16	companies	company	NOUN
iiclr-17445	461	17	and	and	CCONJ
iiclr-17445	461	18	advisers	adviser	NOUN
iiclr-17445	461	19	and	and	CCONJ
iiclr-17445	461	20	foreign	foreign	ADJ
iiclr-17445	461	21	investment	investment	NOUN
iiclr-17445	461	22	companies	company	NOUN
iiclr-17445	461	23	and	and	CCONJ
iiclr-17445	461	24	advisers	adviser	NOUN
iiclr-17445	461	25	,	,	PUNCT
iiclr-17445	461	26	both	both	CCONJ
iiclr-17445	461	27	domestically	domestically	ADV
iiclr-17445	461	28	and	and	CCONJ
iiclr-17445	461	29	abroad	abroad	ADV
iiclr-17445	461	30	.	.	PUNCT
iiclr-17445	461	31	'	'	PUNCT
iiclr-17445	462	1	'	'	PUNCT
iiclr-17445	462	2	41	41	NUM
iiclr-17445	462	3	great	great	ADJ
iiclr-17445	462	4	britain	britain	PROPN
iiclr-17445	462	5	,	,	PUNCT
iiclr-17445	462	6	through	through	ADP
iiclr-17445	462	7	its	its	PRON
iiclr-17445	462	8	financial	financial	ADJ
iiclr-17445	462	9	services	service	NOUN
iiclr-17445	462	10	41	41	NUM
iiclr-17445	462	11	.	.	PUNCT
iiclr-17445	463	1	supra	supra	PROPN
iiclr-17445	463	2	note	note	PROPN
iiclr-17445	463	3	15	15	NUM
iiclr-17445	463	4	.	.	PUNCT
iiclr-17445	464	1	this	this	DET
iiclr-17445	464	2	request	request	NOUN
iiclr-17445	464	3	is	be	AUX
iiclr-17445	464	4	part	part	NOUN
iiclr-17445	464	5	of	of	ADP
iiclr-17445	464	6	a	a	DET
iiclr-17445	464	7	program	program	NOUN
iiclr-17445	464	8	in	in	ADP
iiclr-17445	464	9	which	which	PRON
iiclr-17445	464	10	a	a	DET
iiclr-17445	464	11	study	study	NOUN
iiclr-17445	464	12	group	group	NOUN
iiclr-17445	464	13	established	establish	VERB
iiclr-17445	464	14	by	by	ADP
iiclr-17445	464	15	the	the	DET
iiclr-17445	464	16	sec	sec	PROPN
iiclr-17445	464	17	will	will	AUX
iiclr-17445	464	18	undertake	undertake	VERB
iiclr-17445	464	19	a	a	DET
iiclr-17445	464	20	comprehensive	comprehensive	ADJ
iiclr-17445	464	21	review	review	NOUN
iiclr-17445	464	22	of	of	ADP
iiclr-17445	464	23	the	the	DET
iiclr-17445	464	24	american	american	ADJ
iiclr-17445	464	25	mutual	mutual	ADJ
iiclr-17445	464	26	[	[	X
iiclr-17445	464	27	vol	vol	NOUN
iiclr-17445	464	28	.	.	PUNCT
iiclr-17445	464	29	2:385	2:385	NUM
iiclr-17445	465	1	japan	japan	PROPN
iiclr-17445	465	2	's	's	PART
iiclr-17445	465	3	investment	investment	PROPN
iiclr-17445	465	4	trust	trust	PROPN
iiclr-17445	465	5	act	act	NOUN
iiclr-17445	465	6	of	of	ADP
iiclr-17445	465	7	1986	1986	NUM
iiclr-17445	465	8	,	,	PUNCT
iiclr-17445	465	9	introduced	introduce	VERB
iiclr-17445	465	10	new	new	ADJ
iiclr-17445	465	11	forms	form	NOUN
iiclr-17445	465	12	of	of	ADP
iiclr-17445	465	13	investor	investor	NOUN
iiclr-17445	465	14	protection	protection	NOUN
iiclr-17445	465	15	and	and	CCONJ
iiclr-17445	465	16	an	an	DET
iiclr-17445	465	17	openend	openend	ADJ
iiclr-17445	465	18	style	style	NOUN
iiclr-17445	465	19	investment	investment	NOUN
iiclr-17445	465	20	company	company	NOUN
iiclr-17445	465	21	which	which	PRON
iiclr-17445	465	22	had	have	AUX
iiclr-17445	465	23	been	be	AUX
iiclr-17445	465	24	studied	study	VERB
iiclr-17445	465	25	for	for	ADP
iiclr-17445	465	26	many	many	ADJ
iiclr-17445	465	27	years	year	NOUN
iiclr-17445	465	28	before	before	ADP
iiclr-17445	465	29	its	its	PRON
iiclr-17445	465	30	introduction	introduction	NOUN
iiclr-17445	465	31	.	.	PUNCT
iiclr-17445	466	1	in	in	ADP
iiclr-17445	466	2	the	the	DET
iiclr-17445	466	3	ec	ec	PROPN
iiclr-17445	466	4	,	,	PUNCT
iiclr-17445	466	5	a	a	DET
iiclr-17445	466	6	move	move	NOUN
iiclr-17445	466	7	is	be	AUX
iiclr-17445	466	8	afoot	afoot	ADJ
iiclr-17445	466	9	to	to	PART
iiclr-17445	466	10	liberalize	liberalize	VERB
iiclr-17445	466	11	crossborder	crossborder	NOUN
iiclr-17445	466	12	marketing	marketing	NOUN
iiclr-17445	466	13	of	of	ADP
iiclr-17445	466	14	investment	investment	NOUN
iiclr-17445	466	15	trusts	trust	NOUN
iiclr-17445	466	16	through	through	ADP
iiclr-17445	466	17	the	the	DET
iiclr-17445	466	18	ec	ec	PROPN
iiclr-17445	466	19	's	's	PART
iiclr-17445	466	20	ucits	ucit	NOUN
iiclr-17445	466	21	directive	directive	NOUN
iiclr-17445	466	22	.	.	PUNCT
iiclr-17445	467	1	such	such	ADJ
iiclr-17445	467	2	developments	development	NOUN
iiclr-17445	467	3	within	within	ADP
iiclr-17445	467	4	other	other	ADJ
iiclr-17445	467	5	countries	country	NOUN
iiclr-17445	467	6	and	and	CCONJ
iiclr-17445	467	7	japan	japan	PROPN
iiclr-17445	467	8	should	should	AUX
iiclr-17445	467	9	provide	provide	VERB
iiclr-17445	467	10	japanese	japanese	ADJ
iiclr-17445	467	11	investment	investment	NOUN
iiclr-17445	467	12	trusts	trust	NOUN
iiclr-17445	467	13	with	with	ADP
iiclr-17445	467	14	a	a	DET
iiclr-17445	467	15	stimulus	stimulus	NOUN
iiclr-17445	467	16	to	to	PART
iiclr-17445	467	17	pursue	pursue	VERB
iiclr-17445	467	18	reforms	reform	NOUN
iiclr-17445	467	19	and	and	CCONJ
iiclr-17445	467	20	changes	change	NOUN
iiclr-17445	467	21	that	that	PRON
iiclr-17445	467	22	will	will	AUX
iiclr-17445	467	23	enable	enable	VERB
iiclr-17445	467	24	them	they	PRON
iiclr-17445	467	25	to	to	PART
iiclr-17445	467	26	become	become	VERB
iiclr-17445	467	27	more	more	ADV
iiclr-17445	467	28	viable	viable	ADJ
iiclr-17445	467	29	and	and	CCONJ
iiclr-17445	467	30	competitive	competitive	ADJ
iiclr-17445	467	31	in	in	ADP
iiclr-17445	467	32	this	this	DET
iiclr-17445	467	33	rapidly	rapidly	ADV
iiclr-17445	467	34	changing	change	VERB
iiclr-17445	467	35	world	world	NOUN
iiclr-17445	467	36	.	.	PUNCT
iiclr-17445	468	1	in	in	ADP
iiclr-17445	468	2	other	other	ADJ
iiclr-17445	468	3	words	word	NOUN
iiclr-17445	468	4	,	,	PUNCT
iiclr-17445	468	5	these	these	DET
iiclr-17445	468	6	changes	change	NOUN
iiclr-17445	468	7	raise	raise	VERB
iiclr-17445	468	8	questions	question	NOUN
iiclr-17445	468	9	about	about	ADP
iiclr-17445	468	10	how	how	SCONJ
iiclr-17445	468	11	each	each	DET
iiclr-17445	468	12	country	country	NOUN
iiclr-17445	468	13	's	's	PART
iiclr-17445	468	14	investment	investment	NOUN
iiclr-17445	468	15	trust	trust	NOUN
iiclr-17445	468	16	system	system	NOUN
iiclr-17445	468	17	must	must	AUX
iiclr-17445	468	18	develop	develop	VERB
iiclr-17445	468	19	in	in	ADP
iiclr-17445	468	20	order	order	NOUN
iiclr-17445	468	21	to	to	PART
iiclr-17445	468	22	achieve	achieve	VERB
iiclr-17445	468	23	an	an	DET
iiclr-17445	468	24	appropriate	appropriate	ADJ
iiclr-17445	468	25	level	level	NOUN
iiclr-17445	468	26	of	of	ADP
iiclr-17445	468	27	international	international	ADJ
iiclr-17445	468	28	acceptability	acceptability	NOUN
iiclr-17445	468	29	.	.	PUNCT
iiclr-17445	469	1	today	today	NOUN
iiclr-17445	469	2	,	,	PUNCT
iiclr-17445	469	3	this	this	DET
iiclr-17445	469	4	process	process	NOUN
iiclr-17445	469	5	of	of	ADP
iiclr-17445	469	6	adjustment	adjustment	NOUN
iiclr-17445	469	7	has	have	AUX
iiclr-17445	469	8	already	already	ADV
iiclr-17445	469	9	begun	begin	VERB
iiclr-17445	469	10	and	and	CCONJ
iiclr-17445	469	11	will	will	AUX
iiclr-17445	469	12	continue	continue	VERB
iiclr-17445	469	13	for	for	ADP
iiclr-17445	469	14	many	many	ADJ
iiclr-17445	469	15	years	year	NOUN
iiclr-17445	469	16	to	to	PART
iiclr-17445	469	17	come	come	VERB
iiclr-17445	469	18	.	.	PUNCT
iiclr-17445	470	1	in	in	ADP
iiclr-17445	470	2	fact	fact	NOUN
iiclr-17445	470	3	,	,	PUNCT
iiclr-17445	470	4	foreign	foreign	ADJ
iiclr-17445	470	5	-	-	PUNCT
iiclr-17445	470	6	owned	own	VERB
iiclr-17445	470	7	investment	investment	NOUN
iiclr-17445	470	8	trust	trust	NOUN
iiclr-17445	470	9	management	management	NOUN
iiclr-17445	470	10	companies	company	NOUN
iiclr-17445	470	11	were	be	AUX
iiclr-17445	470	12	recently	recently	ADV
iiclr-17445	470	13	allowed	allow	VERB
iiclr-17445	470	14	into	into	ADP
iiclr-17445	470	15	the	the	DET
iiclr-17445	470	16	japanese	japanese	ADJ
iiclr-17445	470	17	market.42	market.42	NOUN
iiclr-17445	470	18	their	their	PRON
iiclr-17445	470	19	entrance	entrance	NOUN
iiclr-17445	470	20	and	and	CCONJ
iiclr-17445	470	21	operation	operation	NOUN
iiclr-17445	470	22	will	will	AUX
iiclr-17445	470	23	mark	mark	VERB
iiclr-17445	470	24	the	the	DET
iiclr-17445	470	25	opening	opening	NOUN
iiclr-17445	470	26	of	of	ADP
iiclr-17445	470	27	a	a	DET
iiclr-17445	470	28	new	new	ADJ
iiclr-17445	470	29	era	era	NOUN
iiclr-17445	470	30	for	for	ADP
iiclr-17445	470	31	the	the	DET
iiclr-17445	470	32	investment	investment	NOUN
iiclr-17445	470	33	trust	trust	NOUN
iiclr-17445	470	34	in	in	ADP
iiclr-17445	470	35	japan	japan	PROPN
iiclr-17445	470	36	.	.	PUNCT
iiclr-17445	471	1	such	such	ADJ
iiclr-17445	471	2	foreign	foreign	ADJ
iiclr-17445	471	3	investment	investment	NOUN
iiclr-17445	471	4	trust	trust	NOUN
iiclr-17445	471	5	management	management	NOUN
iiclr-17445	471	6	companies	company	NOUN
iiclr-17445	471	7	which	which	PRON
iiclr-17445	471	8	have	have	AUX
iiclr-17445	471	9	been	be	AUX
iiclr-17445	471	10	onlookers	onlooker	NOUN
iiclr-17445	471	11	from	from	ADP
iiclr-17445	471	12	the	the	DET
iiclr-17445	471	13	outside	outside	NOUN
iiclr-17445	471	14	may	may	AUX
iiclr-17445	471	15	once	once	ADV
iiclr-17445	471	16	inside	inside	ADV
iiclr-17445	471	17	be	be	AUX
iiclr-17445	471	18	even	even	ADV
iiclr-17445	471	19	more	more	ADV
iiclr-17445	471	20	puzzled	puzzled	ADJ
iiclr-17445	471	21	by	by	ADP
iiclr-17445	471	22	the	the	DET
iiclr-17445	471	23	uniqueness	uniqueness	NOUN
iiclr-17445	471	24	of	of	ADP
iiclr-17445	471	25	japan	japan	PROPN
iiclr-17445	471	26	's	's	PART
iiclr-17445	471	27	investment	investment	NOUN
iiclr-17445	471	28	trust	trust	NOUN
iiclr-17445	471	29	system	system	NOUN
iiclr-17445	471	30	.	.	PUNCT
iiclr-17445	472	1	japan	japan	PROPN
iiclr-17445	472	2	's	's	PART
iiclr-17445	472	3	investment	investment	NOUN
iiclr-17445	472	4	trusts	trust	NOUN
iiclr-17445	472	5	are	be	AUX
iiclr-17445	472	6	broadly	broadly	ADV
iiclr-17445	472	7	divided	divide	VERB
iiclr-17445	472	8	into	into	ADP
iiclr-17445	472	9	the	the	DET
iiclr-17445	472	10	savingsoriented	savingsoriente	VERB
iiclr-17445	472	11	mainstay	mainstay	NOUN
iiclr-17445	472	12	products	product	NOUN
iiclr-17445	472	13	of	of	ADP
iiclr-17445	472	14	the	the	DET
iiclr-17445	472	15	unit	unit	NOUN
iiclr-17445	472	16	-	-	PUNCT
iiclr-17445	472	17	type	type	NOUN
iiclr-17445	472	18	stock	stock	NOUN
iiclr-17445	472	19	funds	fund	NOUN
iiclr-17445	472	20	versus	versus	ADP
iiclr-17445	472	21	all	all	DET
iiclr-17445	472	22	other	other	ADJ
iiclr-17445	472	23	funds	fund	NOUN
iiclr-17445	472	24	.	.	PUNCT
iiclr-17445	473	1	the	the	DET
iiclr-17445	473	2	unit	unit	NOUN
iiclr-17445	473	3	-	-	PUNCT
iiclr-17445	473	4	type	type	NOUN
iiclr-17445	473	5	stock	stock	NOUN
iiclr-17445	473	6	funds	fund	NOUN
iiclr-17445	473	7	clearly	clearly	ADV
iiclr-17445	473	8	exhibit	exhibit	VERB
iiclr-17445	473	9	insularity	insularity	NOUN
iiclr-17445	473	10	in	in	ADP
iiclr-17445	473	11	the	the	DET
iiclr-17445	473	12	restriction	restriction	NOUN
iiclr-17445	473	13	they	they	PRON
iiclr-17445	473	14	place	place	VERB
iiclr-17445	473	15	on	on	ADP
iiclr-17445	473	16	liquidity	liquidity	NOUN
iiclr-17445	473	17	through	through	ADP
iiclr-17445	473	18	their	their	PRON
iiclr-17445	473	19	prohibiting	prohibit	VERB
iiclr-17445	473	20	or	or	CCONJ
iiclr-17445	473	21	discouraging	discourage	VERB
iiclr-17445	473	22	trust	trust	NOUN
iiclr-17445	473	23	deeds	deed	NOUN
iiclr-17445	473	24	of	of	ADP
iiclr-17445	473	25	prematurity	prematurity	NOUN
iiclr-17445	473	26	redemption	redemption	NOUN
iiclr-17445	473	27	,	,	PUNCT
iiclr-17445	473	28	the	the	DET
iiclr-17445	473	29	semi	semi	ADJ
iiclr-17445	473	30	-	-	ADJ
iiclr-17445	473	31	open	open	ADJ
iiclr-17445	473	32	quality	quality	NOUN
iiclr-17445	473	33	of	of	ADP
iiclr-17445	473	34	these	these	DET
iiclr-17445	473	35	funds	fund	NOUN
iiclr-17445	473	36	.	.	PUNCT
iiclr-17445	474	1	does	do	AUX
iiclr-17445	474	2	this	this	PRON
iiclr-17445	474	3	imply	imply	VERB
iiclr-17445	474	4	that	that	SCONJ
iiclr-17445	474	5	,	,	PUNCT
iiclr-17445	474	6	as	as	ADV
iiclr-17445	474	7	far	far	ADV
iiclr-17445	474	8	as	as	SCONJ
iiclr-17445	474	9	japan	japan	PROPN
iiclr-17445	474	10	is	be	AUX
iiclr-17445	474	11	concerned	concern	VERB
iiclr-17445	474	12	,	,	PUNCT
iiclr-17445	474	13	internationalization	internationalization	NOUN
iiclr-17445	474	14	or	or	CCONJ
iiclr-17445	474	15	cross	cross	ADJ
iiclr-17445	474	16	-	-	ADJ
iiclr-17445	474	17	border	border	ADJ
iiclr-17445	474	18	marketing	marketing	NOUN
iiclr-17445	474	19	of	of	ADP
iiclr-17445	474	20	investment	investment	NOUN
iiclr-17445	474	21	trusts	trust	NOUN
iiclr-17445	474	22	are	be	AUX
iiclr-17445	474	23	to	to	PART
iiclr-17445	474	24	be	be	AUX
iiclr-17445	474	25	limited	limit	VERB
iiclr-17445	474	26	to	to	ADP
iiclr-17445	474	27	the	the	DET
iiclr-17445	474	28	narrow	narrow	ADJ
iiclr-17445	474	29	area	area	NOUN
iiclr-17445	474	30	of	of	ADP
iiclr-17445	474	31	non	non	ADJ
iiclr-17445	474	32	-	-	ADJ
iiclr-17445	474	33	mainstay	mainstay	ADJ
iiclr-17445	474	34	products	product	NOUN
iiclr-17445	474	35	?	?	PUNCT
iiclr-17445	475	1	similarly	similarly	ADV
iiclr-17445	475	2	,	,	PUNCT
iiclr-17445	475	3	since	since	SCONJ
iiclr-17445	475	4	japanese	japanese	ADJ
iiclr-17445	475	5	citizens	citizen	NOUN
iiclr-17445	475	6	prefer	prefer	VERB
iiclr-17445	475	7	those	those	DET
iiclr-17445	475	8	investment	investment	NOUN
iiclr-17445	475	9	trusts	trust	NOUN
iiclr-17445	475	10	which	which	PRON
iiclr-17445	475	11	feature	feature	VERB
iiclr-17445	475	12	a	a	DET
iiclr-17445	475	13	savings	saving	NOUN
iiclr-17445	475	14	orientation	orientation	NOUN
iiclr-17445	475	15	based	base	VERB
iiclr-17445	475	16	on	on	ADP
iiclr-17445	475	17	stable	stable	ADJ
iiclr-17445	475	18	returns	return	NOUN
iiclr-17445	475	19	,	,	PUNCT
iiclr-17445	475	20	any	any	DET
iiclr-17445	475	21	attempt	attempt	NOUN
iiclr-17445	475	22	by	by	ADP
iiclr-17445	475	23	a	a	DET
iiclr-17445	475	24	non	non	ADJ
iiclr-17445	475	25	-	-	ADJ
iiclr-17445	475	26	japanese	japanese	ADJ
iiclr-17445	475	27	investment	investment	NOUN
iiclr-17445	475	28	trust	trust	NOUN
iiclr-17445	475	29	management	management	NOUN
iiclr-17445	475	30	company	company	NOUN
iiclr-17445	475	31	to	to	PART
iiclr-17445	475	32	offer	offer	VERB
iiclr-17445	475	33	investment	investment	NOUN
iiclr-17445	475	34	trusts	trust	NOUN
iiclr-17445	475	35	in	in	ADP
iiclr-17445	475	36	japan	japan	PROPN
iiclr-17445	475	37	without	without	ADP
iiclr-17445	475	38	these	these	DET
iiclr-17445	475	39	characteristics	characteristic	NOUN
iiclr-17445	475	40	may	may	AUX
iiclr-17445	475	41	prove	prove	VERB
iiclr-17445	475	42	futile.4	futile.4	ADJ
iiclr-17445	475	43	1	1	NUM
iiclr-17445	475	44	fund	fund	NOUN
iiclr-17445	475	45	system	system	NOUN
iiclr-17445	475	46	.	.	PUNCT
iiclr-17445	476	1	this	this	DET
iiclr-17445	476	2	review	review	NOUN
iiclr-17445	476	3	will	will	AUX
iiclr-17445	476	4	focus	focus	VERB
iiclr-17445	476	5	on	on	ADP
iiclr-17445	476	6	how	how	SCONJ
iiclr-17445	476	7	to	to	PART
iiclr-17445	476	8	expedite	expedite	VERB
iiclr-17445	476	9	cross	cross	ADJ
iiclr-17445	476	10	-	-	ADJ
iiclr-17445	476	11	border	border	ADJ
iiclr-17445	476	12	marketing	marketing	NOUN
iiclr-17445	476	13	and	and	CCONJ
iiclr-17445	476	14	sales	sale	NOUN
iiclr-17445	476	15	of	of	ADP
iiclr-17445	476	16	investment	investment	NOUN
iiclr-17445	476	17	trusts	trust	NOUN
iiclr-17445	476	18	and	and	CCONJ
iiclr-17445	476	19	will	will	AUX
iiclr-17445	476	20	examine	examine	VERB
iiclr-17445	476	21	the	the	DET
iiclr-17445	476	22	possibility	possibility	NOUN
iiclr-17445	476	23	of	of	ADP
iiclr-17445	476	24	the	the	DET
iiclr-17445	476	25	introduction	introduction	NOUN
iiclr-17445	476	26	of	of	ADP
iiclr-17445	476	27	contracttype	contracttype	NOUN
iiclr-17445	476	28	investment	investment	NOUN
iiclr-17445	476	29	trusts	trust	NOUN
iiclr-17445	476	30	into	into	ADP
iiclr-17445	476	31	the	the	DET
iiclr-17445	476	32	u.s	u.s	PROPN
iiclr-17445	476	33	.	.	PROPN
iiclr-17445	476	34	sec	sec	PROPN
iiclr-17445	476	35	chairman	chairman	PROPN
iiclr-17445	476	36	richard	richard	PROPN
iiclr-17445	476	37	breeden	breeden	PROPN
iiclr-17445	476	38	's	's	PART
iiclr-17445	476	39	address	address	NOUN
iiclr-17445	476	40	to	to	ADP
iiclr-17445	476	41	the	the	DET
iiclr-17445	476	42	general	general	ADJ
iiclr-17445	476	43	meeting	meeting	NOUN
iiclr-17445	476	44	of	of	ADP
iiclr-17445	476	45	the	the	DET
iiclr-17445	476	46	u.s	u.s	PROPN
iiclr-17445	476	47	.	.	PROPN
iiclr-17445	476	48	investment	investment	PROPN
iiclr-17445	476	49	company	company	PROPN
iiclr-17445	476	50	institute	institute	PROPN
iiclr-17445	476	51	(	(	PUNCT
iiclr-17445	476	52	may	may	PROPN
iiclr-17445	476	53	10	10	NUM
iiclr-17445	476	54	,	,	PUNCT
iiclr-17445	476	55	1990	1990	NUM
iiclr-17445	476	56	)	)	PUNCT
iiclr-17445	476	57	.	.	PUNCT
iiclr-17445	477	1	42	42	NUM
iiclr-17445	477	2	.	.	PUNCT
iiclr-17445	478	1	report	report	NOUN
iiclr-17445	478	2	by	by	ADP
iiclr-17445	478	3	the	the	DET
iiclr-17445	478	4	study	study	NOUN
iiclr-17445	478	5	group	group	NOUN
iiclr-17445	478	6	on	on	ADP
iiclr-17445	478	7	investment	investment	NOUN
iiclr-17445	478	8	trusts	trust	NOUN
iiclr-17445	478	9	,	,	PUNCT
iiclr-17445	478	10	securities	security	NOUN
iiclr-17445	478	11	bureau	bureau	NOUN
iiclr-17445	478	12	of	of	ADP
iiclr-17445	478	13	the	the	DET
iiclr-17445	478	14	ministry	ministry	PROPN
iiclr-17445	478	15	of	of	ADP
iiclr-17445	478	16	finance	finance	PROPN
iiclr-17445	478	17	(	(	PUNCT
iiclr-17445	478	18	1988	1988	NUM
iiclr-17445	478	19	)	)	PUNCT
iiclr-17445	478	20	.	.	PUNCT
iiclr-17445	479	1	as	as	ADP
iiclr-17445	479	2	of	of	ADP
iiclr-17445	479	3	january	january	PROPN
iiclr-17445	479	4	,	,	PUNCT
iiclr-17445	479	5	1992	1992	NUM
iiclr-17445	479	6	,	,	PUNCT
iiclr-17445	479	7	four	four	NUM
iiclr-17445	479	8	foreign	foreign	ADJ
iiclr-17445	479	9	-	-	PUNCT
iiclr-17445	479	10	affiliated	affiliate	VERB
iiclr-17445	479	11	financial	financial	ADJ
iiclr-17445	479	12	companies	company	NOUN
iiclr-17445	479	13	have	have	AUX
iiclr-17445	479	14	been	be	AUX
iiclr-17445	479	15	approved	approve	VERB
iiclr-17445	479	16	to	to	PART
iiclr-17445	479	17	get	get	VERB
iiclr-17445	479	18	a	a	DET
iiclr-17445	479	19	license	license	NOUN
iiclr-17445	479	20	to	to	PART
iiclr-17445	479	21	establish	establish	VERB
iiclr-17445	479	22	investment	investment	NOUN
iiclr-17445	479	23	trust	trust	NOUN
iiclr-17445	479	24	management	management	NOUN
iiclr-17445	479	25	companies	company	NOUN
iiclr-17445	479	26	.	.	PUNCT
iiclr-17445	480	1	43	43	NUM
iiclr-17445	480	2	.	.	PUNCT
iiclr-17445	481	1	nihon	nihon	PROPN
iiclr-17445	481	2	keizai	keizai	PROPN
iiclr-17445	481	3	shinbun	shinbun	PROPN
iiclr-17445	481	4	,	,	PUNCT
iiclr-17445	481	5	the	the	DET
iiclr-17445	481	6	japan	japan	PROPN
iiclr-17445	481	7	economic	economic	PROPN
iiclr-17445	481	8	journal	journal	PROPN
iiclr-17445	481	9	(	(	PUNCT
iiclr-17445	481	10	may	may	PROPN
iiclr-17445	481	11	5	5	NUM
iiclr-17445	481	12	,	,	PUNCT
iiclr-17445	481	13	1990	1990	NUM
iiclr-17445	481	14	)	)	PUNCT
iiclr-17445	481	15	(	(	PUNCT
iiclr-17445	481	16	merrill	merrill	PROPN
iiclr-17445	481	17	lynch	lynch	PROPN
iiclr-17445	481	18	reportedly	reportedly	ADV
iiclr-17445	481	19	sounding	sound	VERB
iiclr-17445	481	20	out	out	ADP
iiclr-17445	481	21	the	the	DET
iiclr-17445	481	22	ministry	ministry	PROPN
iiclr-17445	481	23	of	of	ADP
iiclr-17445	481	24	finance	finance	PROPN
iiclr-17445	481	25	on	on	ADP
iiclr-17445	481	26	the	the	DET
iiclr-17445	481	27	possibility	possibility	NOUN
iiclr-17445	481	28	of	of	ADP
iiclr-17445	481	29	marketing	marketing	NOUN
iiclr-17445	481	30	in	in	ADP
iiclr-17445	481	31	japan	japan	PROPN
iiclr-17445	481	32	a	a	DET
iiclr-17445	481	33	dollar	dollar	NOUN
iiclr-17445	481	34	-	-	PUNCT
iiclr-17445	481	35	denominated	denominate	VERB
iiclr-17445	481	36	mmf	mmf	NOUN
iiclr-17445	481	37	,	,	PUNCT
iiclr-17445	481	38	a	a	DET
iiclr-17445	481	39	popular	popular	ADJ
iiclr-17445	481	40	saving	saving	NOUN
iiclr-17445	481	41	vehicle	vehicle	NOUN
iiclr-17445	481	42	in	in	ADP
iiclr-17445	481	43	the	the	DET
iiclr-17445	481	44	u.s	u.s	PROPN
iiclr-17445	481	45	.	.	PROPN
iiclr-17445	481	46	)	)	PUNCT
iiclr-17445	481	47	.	.	PUNCT
iiclr-17445	482	1	19921	19921	NUM
iiclr-17445	482	2	ind	ind	NOUN
iiclr-17445	482	3	.	.	PUNCT
iiclr-17445	483	1	int'l	int'l	PROPN
iiclr-17445	483	2	&	&	CCONJ
iiclr-17445	483	3	comp	comp	PROPN
iiclr-17445	483	4	.	.	PUNCT
iiclr-17445	484	1	l.	l.	PROPN
iiclr-17445	484	2	rev	rev	PROPN
iiclr-17445	484	3	.	.	PUNCT
iiclr-17445	485	1	the	the	DET
iiclr-17445	485	2	non	non	ADJ
iiclr-17445	485	3	-	-	ADJ
iiclr-17445	485	4	mainstay	mainstay	ADJ
iiclr-17445	485	5	products	product	NOUN
iiclr-17445	485	6	of	of	ADP
iiclr-17445	485	7	the	the	DET
iiclr-17445	485	8	japanese	japanese	ADJ
iiclr-17445	485	9	investment	investment	NOUN
iiclr-17445	485	10	trust	trust	NOUN
iiclr-17445	485	11	system	system	NOUN
iiclr-17445	485	12	are	be	AUX
iiclr-17445	485	13	of	of	ADP
iiclr-17445	485	14	the	the	DET
iiclr-17445	485	15	open	open	ADJ
iiclr-17445	485	16	-	-	PUNCT
iiclr-17445	485	17	end	end	NOUN
iiclr-17445	485	18	type	type	NOUN
iiclr-17445	485	19	which	which	PRON
iiclr-17445	485	20	is	be	AUX
iiclr-17445	485	21	widely	widely	ADV
iiclr-17445	485	22	accepted	accept	VERB
iiclr-17445	485	23	internationally	internationally	ADV
iiclr-17445	485	24	and	and	CCONJ
iiclr-17445	485	25	which	which	PRON
iiclr-17445	485	26	allows	allow	VERB
iiclr-17445	485	27	the	the	DET
iiclr-17445	485	28	purchase	purchase	NOUN
iiclr-17445	485	29	and	and	CCONJ
iiclr-17445	485	30	sale	sale	NOUN
iiclr-17445	485	31	of	of	ADP
iiclr-17445	485	32	beneficiary	beneficiary	NOUN
iiclr-17445	485	33	certificates	certificate	NOUN
iiclr-17445	485	34	at	at	ADP
iiclr-17445	485	35	any	any	DET
iiclr-17445	485	36	time	time	NOUN
iiclr-17445	485	37	.	.	PUNCT
iiclr-17445	486	1	thus	thus	ADV
iiclr-17445	486	2	,	,	PUNCT
iiclr-17445	486	3	the	the	DET
iiclr-17445	486	4	greatest	great	ADJ
iiclr-17445	486	5	opportunity	opportunity	NOUN
iiclr-17445	486	6	for	for	ADP
iiclr-17445	486	7	international	international	ADJ
iiclr-17445	486	8	capital	capital	NOUN
iiclr-17445	486	9	flows	flow	VERB
iiclr-17445	486	10	through	through	ADP
iiclr-17445	486	11	or	or	CCONJ
iiclr-17445	486	12	the	the	DET
iiclr-17445	486	13	largest	large	ADJ
iiclr-17445	486	14	growth	growth	NOUN
iiclr-17445	486	15	potential	potential	NOUN
iiclr-17445	486	16	for	for	ADP
iiclr-17445	486	17	japanese	japanese	ADJ
iiclr-17445	486	18	investment	investment	NOUN
iiclr-17445	486	19	trusts	trust	NOUN
iiclr-17445	486	20	might	might	AUX
iiclr-17445	486	21	be	be	AUX
iiclr-17445	486	22	found	find	VERB
iiclr-17445	486	23	in	in	ADP
iiclr-17445	486	24	the	the	DET
iiclr-17445	486	25	narrow	narrow	ADJ
iiclr-17445	486	26	world	world	NOUN
iiclr-17445	486	27	of	of	ADP
iiclr-17445	486	28	non	non	ADJ
iiclr-17445	486	29	-	-	ADJ
iiclr-17445	486	30	mainstay	mainstay	ADJ
iiclr-17445	486	31	instruments	instrument	NOUN
iiclr-17445	486	32	.	.	PUNCT
iiclr-17445	487	1	does	do	AUX
iiclr-17445	487	2	this	this	PRON
iiclr-17445	487	3	imply	imply	VERB
iiclr-17445	487	4	that	that	SCONJ
iiclr-17445	487	5	a	a	DET
iiclr-17445	487	6	large	large	ADJ
iiclr-17445	487	7	unexplored	unexplored	ADJ
iiclr-17445	487	8	territory	territory	NOUN
iiclr-17445	487	9	remains	remain	VERB
iiclr-17445	487	10	before	before	SCONJ
iiclr-17445	487	11	any	any	DET
iiclr-17445	487	12	future	future	ADJ
iiclr-17445	487	13	cross	cross	ADJ
iiclr-17445	487	14	-	-	ADJ
iiclr-17445	487	15	border	border	ADJ
iiclr-17445	487	16	advances	advance	NOUN
iiclr-17445	487	17	can	can	AUX
iiclr-17445	487	18	be	be	AUX
iiclr-17445	487	19	made	make	VERB
iiclr-17445	487	20	by	by	ADP
iiclr-17445	487	21	japanese	japanese	ADJ
iiclr-17445	487	22	investment	investment	NOUN
iiclr-17445	487	23	trusts	trust	NOUN
iiclr-17445	487	24	?	?	PUNCT
iiclr-17445	488	1	japan	japan	PROPN
iiclr-17445	488	2	's	's	PART
iiclr-17445	488	3	unit	unit	NOUN
iiclr-17445	488	4	-	-	PUNCT
iiclr-17445	488	5	type	type	NOUN
iiclr-17445	488	6	stock	stock	NOUN
iiclr-17445	488	7	funds	fund	NOUN
iiclr-17445	488	8	are	be	AUX
iiclr-17445	488	9	a	a	DET
iiclr-17445	488	10	mass	mass	ADJ
iiclr-17445	488	11	market	market	NOUN
iiclr-17445	488	12	savings	saving	NOUN
iiclr-17445	488	13	product	product	NOUN
iiclr-17445	488	14	incorporating	incorporate	VERB
iiclr-17445	488	15	many	many	ADJ
iiclr-17445	488	16	useful	useful	ADJ
iiclr-17445	488	17	ideas	idea	NOUN
iiclr-17445	488	18	and	and	CCONJ
iiclr-17445	488	19	mechanisms	mechanism	NOUN
iiclr-17445	488	20	.	.	PUNCT
iiclr-17445	489	1	even	even	ADV
iiclr-17445	489	2	though	though	SCONJ
iiclr-17445	489	3	these	these	DET
iiclr-17445	489	4	funds	fund	NOUN
iiclr-17445	489	5	do	do	AUX
iiclr-17445	489	6	not	not	PART
iiclr-17445	489	7	provide	provide	VERB
iiclr-17445	489	8	any	any	DET
iiclr-17445	489	9	legal	legal	ADJ
iiclr-17445	489	10	protection	protection	NOUN
iiclr-17445	489	11	to	to	ADP
iiclr-17445	489	12	investors	investor	NOUN
iiclr-17445	489	13	with	with	ADP
iiclr-17445	489	14	regard	regard	NOUN
iiclr-17445	489	15	to	to	ADP
iiclr-17445	489	16	the	the	DET
iiclr-17445	489	17	preservation	preservation	NOUN
iiclr-17445	489	18	of	of	ADP
iiclr-17445	489	19	fund	fund	NOUN
iiclr-17445	489	20	capital	capital	NOUN
iiclr-17445	489	21	,	,	PUNCT
iiclr-17445	489	22	they	they	PRON
iiclr-17445	489	23	do	do	AUX
iiclr-17445	489	24	manifest	manifest	VERB
iiclr-17445	489	25	great	great	ADJ
iiclr-17445	489	26	efforts	effort	NOUN
iiclr-17445	489	27	for	for	ADP
iiclr-17445	489	28	stable	stable	ADJ
iiclr-17445	489	29	investment	investment	NOUN
iiclr-17445	489	30	and	and	CCONJ
iiclr-17445	489	31	initiative	initiative	NOUN
iiclr-17445	489	32	through	through	ADP
iiclr-17445	489	33	the	the	DET
iiclr-17445	489	34	actions	action	NOUN
iiclr-17445	489	35	of	of	ADP
iiclr-17445	489	36	their	their	PRON
iiclr-17445	489	37	management	management	NOUN
iiclr-17445	489	38	companies	company	NOUN
iiclr-17445	489	39	as	as	ADP
iiclr-17445	489	40	financial	financial	ADJ
iiclr-17445	489	41	intermediaries	intermediary	NOUN
iiclr-17445	489	42	.	.	PUNCT
iiclr-17445	490	1	on	on	ADP
iiclr-17445	490	2	the	the	DET
iiclr-17445	490	3	other	other	ADJ
iiclr-17445	490	4	hand	hand	NOUN
iiclr-17445	490	5	,	,	PUNCT
iiclr-17445	490	6	stock	stock	NOUN
iiclr-17445	490	7	funds	fund	NOUN
iiclr-17445	490	8	of	of	ADP
iiclr-17445	490	9	the	the	DET
iiclr-17445	490	10	supplementary	supplementary	ADJ
iiclr-17445	490	11	-	-	PUNCT
iiclr-17445	490	12	funding	funding	NOUN
iiclr-17445	490	13	type	type	NOUN
iiclr-17445	490	14	which	which	PRON
iiclr-17445	490	15	are	be	AUX
iiclr-17445	490	16	premised	premise	VERB
iiclr-17445	490	17	on	on	ADP
iiclr-17445	490	18	the	the	DET
iiclr-17445	490	19	investors	investor	NOUN
iiclr-17445	490	20	'	'	PART
iiclr-17445	490	21	own	own	ADJ
iiclr-17445	490	22	responsibility	responsibility	NOUN
iiclr-17445	490	23	for	for	ADP
iiclr-17445	490	24	risk	risk	NOUN
iiclr-17445	490	25	emphasize	emphasize	VERB
iiclr-17445	490	26	disclosure	disclosure	NOUN
iiclr-17445	490	27	commensurate	commensurate	ADJ
iiclr-17445	490	28	with	with	ADP
iiclr-17445	490	29	their	their	PRON
iiclr-17445	490	30	inherently	inherently	ADV
iiclr-17445	490	31	risky	risky	ADJ
iiclr-17445	490	32	nature	nature	NOUN
iiclr-17445	490	33	.	.	PUNCT
iiclr-17445	491	1	from	from	ADP
iiclr-17445	491	2	an	an	DET
iiclr-17445	491	3	international	international	ADJ
iiclr-17445	491	4	perspective	perspective	NOUN
iiclr-17445	491	5	,	,	PUNCT
iiclr-17445	491	6	both	both	PRON
iiclr-17445	491	7	of	of	ADP
iiclr-17445	491	8	these	these	DET
iiclr-17445	491	9	types	type	NOUN
iiclr-17445	491	10	of	of	ADP
iiclr-17445	491	11	funds	fund	NOUN
iiclr-17445	491	12	have	have	VERB
iiclr-17445	491	13	ample	ample	ADJ
iiclr-17445	491	14	room	room	NOUN
iiclr-17445	491	15	for	for	ADP
iiclr-17445	491	16	refinement	refinement	NOUN
iiclr-17445	491	17	.	.	PUNCT
iiclr-17445	492	1	refinement	refinement	NOUN
iiclr-17445	492	2	concerns	concern	NOUN
iiclr-17445	492	3	the	the	DET
iiclr-17445	492	4	basic	basic	ADJ
iiclr-17445	492	5	posture	posture	NOUN
iiclr-17445	492	6	of	of	ADP
iiclr-17445	492	7	japan	japan	PROPN
iiclr-17445	492	8	's	's	PART
iiclr-17445	492	9	investment	investment	NOUN
iiclr-17445	492	10	trusts	trust	NOUN
iiclr-17445	492	11	as	as	ADP
iiclr-17445	492	12	to	to	ADP
iiclr-17445	492	13	investor	investor	NOUN
iiclr-17445	492	14	protection	protection	NOUN
iiclr-17445	492	15	(	(	PUNCT
iiclr-17445	492	16	particularly	particularly	ADV
iiclr-17445	492	17	,	,	PUNCT
iiclr-17445	492	18	disclosure	disclosure	NOUN
iiclr-17445	492	19	requirements	requirement	NOUN
iiclr-17445	492	20	)	)	PUNCT
iiclr-17445	492	21	,	,	PUNCT
iiclr-17445	492	22	the	the	DET
iiclr-17445	492	23	fiduciary	fiduciary	ADJ
iiclr-17445	492	24	duty	duty	NOUN
iiclr-17445	492	25	owed	owe	VERB
iiclr-17445	492	26	by	by	ADP
iiclr-17445	492	27	management	management	NOUN
iiclr-17445	492	28	companies	company	NOUN
iiclr-17445	492	29	to	to	ADP
iiclr-17445	492	30	investors	investor	NOUN
iiclr-17445	492	31	,	,	PUNCT
iiclr-17445	492	32	and	and	CCONJ
iiclr-17445	492	33	an	an	DET
iiclr-17445	492	34	adequate	adequate	ADJ
iiclr-17445	492	35	safety	safety	NOUN
iiclr-17445	492	36	net	net	NOUN
iiclr-17445	492	37	surrounding	surround	VERB
iiclr-17445	492	38	investment	investment	NOUN
iiclr-17445	492	39	trusts	trust	NOUN
iiclr-17445	492	40	.	.	PUNCT
iiclr-17445	493	1	the	the	DET
iiclr-17445	493	2	question	question	NOUN
iiclr-17445	493	3	remains	remain	VERB
iiclr-17445	493	4	as	as	ADP
iiclr-17445	493	5	to	to	ADP
iiclr-17445	493	6	how	how	SCONJ
iiclr-17445	493	7	in	in	ADP
iiclr-17445	493	8	the	the	DET
iiclr-17445	493	9	future	future	NOUN
iiclr-17445	493	10	should	should	AUX
iiclr-17445	493	11	japanese	japanese	ADJ
iiclr-17445	493	12	investment	investment	NOUN
iiclr-17445	493	13	trusts	trust	NOUN
iiclr-17445	493	14	refine	refine	VERB
iiclr-17445	493	15	these	these	DET
iiclr-17445	493	16	various	various	ADJ
iiclr-17445	493	17	elements	element	NOUN
iiclr-17445	493	18	.	.	PUNCT
iiclr-17445	494	1	investment	investment	NOUN
iiclr-17445	494	2	trusts	trust	VERB
iiclr-17445	494	3	supply	supply	VERB
iiclr-17445	494	4	funds	fund	NOUN
iiclr-17445	494	5	to	to	ADP
iiclr-17445	494	6	the	the	DET
iiclr-17445	494	7	real	real	ADJ
iiclr-17445	494	8	sector	sector	NOUN
iiclr-17445	494	9	of	of	ADP
iiclr-17445	494	10	the	the	DET
iiclr-17445	494	11	domestic	domestic	ADJ
iiclr-17445	494	12	economy	economy	NOUN
iiclr-17445	494	13	as	as	ADV
iiclr-17445	494	14	well	well	ADV
iiclr-17445	494	15	as	as	ADP
iiclr-17445	494	16	the	the	DET
iiclr-17445	494	17	international	international	ADJ
iiclr-17445	494	18	economy	economy	NOUN
iiclr-17445	494	19	through	through	ADP
iiclr-17445	494	20	the	the	DET
iiclr-17445	494	21	purchases	purchase	NOUN
iiclr-17445	494	22	of	of	ADP
iiclr-17445	494	23	primary	primary	ADJ
iiclr-17445	494	24	securities	security	NOUN
iiclr-17445	494	25	.	.	PUNCT
iiclr-17445	495	1	this	this	DET
iiclr-17445	495	2	function	function	NOUN
iiclr-17445	495	3	should	should	AUX
iiclr-17445	495	4	be	be	AUX
iiclr-17445	495	5	continued	continue	VERB
iiclr-17445	495	6	and	and	CCONJ
iiclr-17445	495	7	expanded	expand	VERB
iiclr-17445	495	8	in	in	ADP
iiclr-17445	495	9	our	our	PRON
iiclr-17445	495	10	rapidly	rapidly	ADV
iiclr-17445	495	11	changing	change	VERB
iiclr-17445	495	12	world	world	NOUN
iiclr-17445	495	13	where	where	SCONJ
iiclr-17445	495	14	drastic	drastic	ADJ
iiclr-17445	495	15	changes	change	NOUN
iiclr-17445	495	16	have	have	AUX
iiclr-17445	495	17	been	be	AUX
iiclr-17445	495	18	called	call	VERB
iiclr-17445	495	19	for	for	ADP
iiclr-17445	495	20	in	in	ADP
iiclr-17445	495	21	japan	japan	PROPN
iiclr-17445	495	22	's	's	PART
iiclr-17445	495	23	domestic	domestic	ADJ
iiclr-17445	495	24	economy	economy	NOUN
iiclr-17445	495	25	(	(	PUNCT
iiclr-17445	495	26	i.e.	i.e.	X
iiclr-17445	495	27	,	,	PUNCT
iiclr-17445	495	28	increased	increase	VERB
iiclr-17445	495	29	public	public	ADJ
iiclr-17445	495	30	spending	spending	NOUN
iiclr-17445	495	31	and	and	CCONJ
iiclr-17445	495	32	increase	increase	VERB
iiclr-17445	495	33	in	in	ADP
iiclr-17445	495	34	number	number	NOUN
iiclr-17445	495	35	of	of	ADP
iiclr-17445	495	36	imports	import	NOUN
iiclr-17445	495	37	)	)	PUNCT
iiclr-17445	495	38	and	and	CCONJ
iiclr-17445	495	39	where	where	SCONJ
iiclr-17445	495	40	major	major	ADJ
iiclr-17445	495	41	recycling	recycling	NOUN
iiclr-17445	495	42	of	of	ADP
iiclr-17445	495	43	japanese	japanese	ADJ
iiclr-17445	495	44	capital	capital	NOUN
iiclr-17445	495	45	has	have	AUX
iiclr-17445	495	46	been	be	AUX
iiclr-17445	495	47	called	call	VERB
iiclr-17445	495	48	for	for	ADP
iiclr-17445	495	49	vis	vis	X
iiclr-17445	495	50	-	-	PUNCT
iiclr-17445	495	51	a	a	X
iiclr-17445	495	52	-	-	PUNCT
iiclr-17445	495	53	vis	vis	X
iiclr-17445	495	54	the	the	DET
iiclr-17445	495	55	rest	rest	NOUN
iiclr-17445	495	56	of	of	ADP
iiclr-17445	495	57	the	the	DET
iiclr-17445	495	58	world	world	NOUN
iiclr-17445	495	59	.	.	PUNCT
iiclr-17445	496	1	in	in	ADP
iiclr-17445	496	2	fact	fact	NOUN
iiclr-17445	496	3	,	,	PUNCT
iiclr-17445	496	4	concerns	concern	NOUN
iiclr-17445	496	5	are	be	AUX
iiclr-17445	496	6	being	be	AUX
iiclr-17445	496	7	voiced	voice	VERB
iiclr-17445	496	8	about	about	ADP
iiclr-17445	496	9	a	a	DET
iiclr-17445	496	10	shortage	shortage	NOUN
iiclr-17445	496	11	of	of	ADP
iiclr-17445	496	12	savings	saving	NOUN
iiclr-17445	496	13	on	on	ADP
iiclr-17445	496	14	a	a	DET
iiclr-17445	496	15	global	global	ADJ
iiclr-17445	496	16	scale	scale	NOUN
iiclr-17445	496	17	,	,	PUNCT
iiclr-17445	496	18	and	and	CCONJ
iiclr-17445	496	19	,	,	PUNCT
iiclr-17445	496	20	in	in	ADP
iiclr-17445	496	21	this	this	DET
iiclr-17445	496	22	context	context	NOUN
iiclr-17445	496	23	,	,	PUNCT
iiclr-17445	496	24	japan	japan	PROPN
iiclr-17445	496	25	is	be	AUX
iiclr-17445	496	26	expected	expect	VERB
iiclr-17445	496	27	to	to	PART
iiclr-17445	496	28	make	make	VERB
iiclr-17445	496	29	contributions	contribution	NOUN
iiclr-17445	496	30	to	to	ADP
iiclr-17445	496	31	the	the	DET
iiclr-17445	496	32	supply	supply	NOUN
iiclr-17445	496	33	of	of	ADP
iiclr-17445	496	34	funds	fund	NOUN
iiclr-17445	496	35	available	available	ADJ
iiclr-17445	496	36	to	to	ADP
iiclr-17445	496	37	the	the	DET
iiclr-17445	496	38	poorest	poor	ADJ
iiclr-17445	496	39	and	and	CCONJ
iiclr-17445	496	40	most	most	ADV
iiclr-17445	496	41	heavily	heavily	ADV
iiclr-17445	496	42	indebted	indebted	ADJ
iiclr-17445	496	43	countries	country	NOUN
iiclr-17445	496	44	,	,	PUNCT
iiclr-17445	496	45	newly	newly	ADV
iiclr-17445	496	46	developing	develop	VERB
iiclr-17445	496	47	countries	country	NOUN
iiclr-17445	496	48	,	,	PUNCT
iiclr-17445	496	49	and	and	CCONJ
iiclr-17445	496	50	the	the	DET
iiclr-17445	496	51	reforming	reform	VERB
iiclr-17445	496	52	economies	economy	NOUN
iiclr-17445	496	53	of	of	ADP
iiclr-17445	496	54	eastern	eastern	ADJ
iiclr-17445	496	55	europe	europe	PROPN
iiclr-17445	496	56	.	.	PUNCT
iiclr-17445	496	57	"	"	PUNCT
iiclr-17445	497	1	there	there	PRON
iiclr-17445	497	2	is	be	VERB
iiclr-17445	497	3	a	a	DET
iiclr-17445	497	4	question	question	NOUN
iiclr-17445	497	5	as	as	SCONJ
iiclr-17445	497	6	to	to	PART
iiclr-17445	497	7	which	which	DET
iiclr-17445	497	8	direction	direction	NOUN
iiclr-17445	497	9	the	the	DET
iiclr-17445	497	10	mainstay	mainstay	NOUN
iiclr-17445	497	11	unit	unit	NOUN
iiclr-17445	497	12	-	-	PUNCT
iiclr-17445	497	13	type	type	NOUN
iiclr-17445	497	14	stock	stock	NOUN
iiclr-17445	497	15	funds	fund	NOUN
iiclr-17445	497	16	and	and	CCONJ
iiclr-17445	497	17	the	the	DET
iiclr-17445	497	18	non	non	ADJ
iiclr-17445	497	19	-	-	ADJ
iiclr-17445	497	20	mainstay	mainstay	ADJ
iiclr-17445	497	21	stock	stock	NOUN
iiclr-17445	497	22	funds	fund	NOUN
iiclr-17445	497	23	of	of	ADP
iiclr-17445	497	24	the	the	DET
iiclr-17445	497	25	supplementaryfunding	supplementaryfunding	NOUN
iiclr-17445	497	26	type	type	NOUN
iiclr-17445	497	27	and	and	CCONJ
iiclr-17445	497	28	all	all	DET
iiclr-17445	497	29	types	type	NOUN
iiclr-17445	497	30	of	of	ADP
iiclr-17445	497	31	bond	bond	NOUN
iiclr-17445	497	32	funds	fund	NOUN
iiclr-17445	497	33	should	should	AUX
iiclr-17445	497	34	be	be	AUX
iiclr-17445	497	35	developed	develop	VERB
iiclr-17445	497	36	.	.	PUNCT
iiclr-17445	498	1	the	the	DET
iiclr-17445	498	2	question	question	NOUN
iiclr-17445	498	3	may	may	AUX
iiclr-17445	498	4	be	be	AUX
iiclr-17445	498	5	answered	answer	VERB
iiclr-17445	498	6	by	by	ADP
iiclr-17445	498	7	looking	look	VERB
iiclr-17445	498	8	to	to	ADP
iiclr-17445	498	9	the	the	DET
iiclr-17445	498	10	foreign	foreign	ADJ
iiclr-17445	498	11	&	&	CCONJ
iiclr-17445	498	12	colonial	colonial	PROPN
iiclr-17445	498	13	gov44	gov44	PROPN
iiclr-17445	498	14	.	.	PUNCT
iiclr-17445	499	1	international	international	ADJ
iiclr-17445	499	2	monetary	monetary	ADJ
iiclr-17445	499	3	fund	fund	PROPN
iiclr-17445	499	4	,	,	PUNCT
iiclr-17445	499	5	world	world	NOUN
iiclr-17445	499	6	economic	economic	ADJ
iiclr-17445	499	7	outlook	outlook	NOUN
iiclr-17445	499	8	(	(	PUNCT
iiclr-17445	499	9	may	may	PROPN
iiclr-17445	499	10	1990	1990	NUM
iiclr-17445	499	11	)	)	PUNCT
iiclr-17445	499	12	.	.	PUNCT
iiclr-17445	500	1	[	[	X
iiclr-17445	500	2	vol	vol	NOUN
iiclr-17445	500	3	.	.	PUNCT
iiclr-17445	500	4	2:385	2:385	NUM
iiclr-17445	500	5	japan	japan	PROPN
iiclr-17445	500	6	's	's	PART
iiclr-17445	500	7	investment	investment	NOUN
iiclr-17445	500	8	trust	trust	NOUN
iiclr-17445	500	9	ernment	ernment	PROPN
iiclr-17445	500	10	trust	trust	NOUN
iiclr-17445	500	11	which	which	PRON
iiclr-17445	500	12	was	be	AUX
iiclr-17445	500	13	launched	launch	VERB
iiclr-17445	500	14	more	more	ADJ
iiclr-17445	500	15	than	than	ADP
iiclr-17445	500	16	a	a	DET
iiclr-17445	500	17	century	century	NOUN
iiclr-17445	500	18	ago	ago	ADV
iiclr-17445	500	19	in	in	ADP
iiclr-17445	500	20	great	great	ADJ
iiclr-17445	500	21	britain	britain	PROPN
iiclr-17445	500	22	.	.	PUNCT
iiclr-17445	501	1	this	this	DET
iiclr-17445	501	2	trust	trust	NOUN
iiclr-17445	501	3	offered	offer	VERB
iiclr-17445	501	4	a	a	DET
iiclr-17445	501	5	fixed	fix	VERB
iiclr-17445	501	6	long	long	ADJ
iiclr-17445	501	7	-	-	PUNCT
iiclr-17445	501	8	term	term	NOUN
iiclr-17445	501	9	yield	yield	NOUN
iiclr-17445	501	10	,	,	PUNCT
iiclr-17445	501	11	and	and	CCONJ
iiclr-17445	501	12	was	be	AUX
iiclr-17445	501	13	viewed	view	VERB
iiclr-17445	501	14	as	as	ADP
iiclr-17445	501	15	the	the	DET
iiclr-17445	501	16	pioneer	pioneer	NOUN
iiclr-17445	501	17	of	of	ADP
iiclr-17445	501	18	investment	investment	NOUN
iiclr-17445	501	19	trusts	trust	NOUN
iiclr-17445	501	20	.	.	PUNCT
iiclr-17445	502	1	country	country	NOUN
iiclr-17445	502	2	funds	fund	NOUN
iiclr-17445	502	3	,	,	PUNCT
iiclr-17445	502	4	which	which	PRON
iiclr-17445	502	5	generally	generally	ADV
iiclr-17445	502	6	take	take	VERB
iiclr-17445	502	7	shape	shape	NOUN
iiclr-17445	502	8	as	as	ADP
iiclr-17445	502	9	closed	closed	ADJ
iiclr-17445	502	10	-	-	PUNCT
iiclr-17445	502	11	end	end	NOUN
iiclr-17445	502	12	investment	investment	NOUN
iiclr-17445	502	13	companies	company	NOUN
iiclr-17445	502	14	with	with	ADP
iiclr-17445	502	15	their	their	PRON
iiclr-17445	502	16	shares	share	NOUN
iiclr-17445	502	17	listed	list	VERB
iiclr-17445	502	18	on	on	ADP
iiclr-17445	502	19	stock	stock	NOUN
iiclr-17445	502	20	exchanges	exchange	NOUN
iiclr-17445	502	21	,	,	PUNCT
iiclr-17445	502	22	such	such	ADJ
iiclr-17445	502	23	as	as	ADP
iiclr-17445	502	24	new	new	PROPN
iiclr-17445	502	25	york	york	PROPN
iiclr-17445	502	26	(	(	PUNCT
iiclr-17445	502	27	for	for	ADP
iiclr-17445	502	28	example	example	NOUN
iiclr-17445	502	29	,	,	PUNCT
iiclr-17445	502	30	the	the	DET
iiclr-17445	502	31	korean	korean	ADJ
iiclr-17445	502	32	fund	fund	NOUN
iiclr-17445	502	33	which	which	PRON
iiclr-17445	502	34	enjoyed	enjoy	VERB
iiclr-17445	502	35	a	a	DET
iiclr-17445	502	36	strong	strong	ADJ
iiclr-17445	502	37	boom	boom	NOUN
iiclr-17445	502	38	for	for	ADP
iiclr-17445	502	39	some	some	DET
iiclr-17445	502	40	years	year	NOUN
iiclr-17445	502	41	in	in	ADP
iiclr-17445	502	42	the	the	DET
iiclr-17445	502	43	united	united	PROPN
iiclr-17445	502	44	states	states	PROPN
iiclr-17445	502	45	)	)	PUNCT
iiclr-17445	502	46	,	,	PUNCT
iiclr-17445	502	47	or	or	CCONJ
iiclr-17445	502	48	as	as	ADP
iiclr-17445	502	49	contract	contract	NOUN
iiclr-17445	502	50	-	-	PUNCT
iiclr-17445	502	51	type	type	NOUN
iiclr-17445	502	52	investment	investment	NOUN
iiclr-17445	502	53	trusts	trust	NOUN
iiclr-17445	502	54	(	(	PUNCT
iiclr-17445	502	55	for	for	ADP
iiclr-17445	502	56	example	example	NOUN
iiclr-17445	502	57	,	,	PUNCT
iiclr-17445	502	58	the	the	DET
iiclr-17445	502	59	spain	spain	PROPN
iiclr-17445	502	60	fund	fund	NOUN
iiclr-17445	502	61	which	which	PRON
iiclr-17445	502	62	was	be	AUX
iiclr-17445	502	63	developed	develop	VERB
iiclr-17445	502	64	in	in	ADP
iiclr-17445	502	65	japan	japan	PROPN
iiclr-17445	502	66	)	)	PUNCT
iiclr-17445	502	67	provide	provide	VERB
iiclr-17445	502	68	other	other	ADJ
iiclr-17445	502	69	possible	possible	ADJ
iiclr-17445	502	70	forms	form	NOUN
iiclr-17445	502	71	which	which	PRON
iiclr-17445	502	72	investment	investment	NOUN
iiclr-17445	502	73	trusts	trust	NOUN
iiclr-17445	502	74	could	could	AUX
iiclr-17445	502	75	take	take	VERB
iiclr-17445	502	76	in	in	ADP
iiclr-17445	502	77	order	order	NOUN
iiclr-17445	502	78	to	to	PART
iiclr-17445	502	79	address	address	VERB
iiclr-17445	502	80	these	these	DET
iiclr-17445	502	81	important	important	ADJ
iiclr-17445	502	82	issues	issue	NOUN
iiclr-17445	502	83	.	.	PUNCT
iiclr-17445	503	1	some	some	PRON
iiclr-17445	503	2	might	might	AUX
iiclr-17445	503	3	say	say	VERB
iiclr-17445	503	4	that	that	SCONJ
iiclr-17445	503	5	we	we	PRON
iiclr-17445	503	6	have	have	AUX
iiclr-17445	503	7	come	come	VERB
iiclr-17445	503	8	to	to	ADP
iiclr-17445	503	9	a	a	DET
iiclr-17445	503	10	stage	stage	NOUN
iiclr-17445	503	11	in	in	ADP
iiclr-17445	503	12	history	history	NOUN
iiclr-17445	503	13	where	where	SCONJ
iiclr-17445	503	14	developing	develop	VERB
iiclr-17445	503	15	and	and	CCONJ
iiclr-17445	503	16	implementing	implement	VERB
iiclr-17445	503	17	effective	effective	ADJ
iiclr-17445	503	18	programs	program	NOUN
iiclr-17445	503	19	for	for	ADP
iiclr-17445	503	20	the	the	DET
iiclr-17445	503	21	recycling	recycling	NOUN
iiclr-17445	503	22	of	of	ADP
iiclr-17445	503	23	capital	capital	NOUN
iiclr-17445	503	24	accumulated	accumulate	VERB
iiclr-17445	503	25	in	in	ADP
iiclr-17445	503	26	japan	japan	PROPN
iiclr-17445	503	27	to	to	ADP
iiclr-17445	503	28	foreign	foreign	ADJ
iiclr-17445	503	29	countries	country	NOUN
iiclr-17445	503	30	requires	require	VERB
iiclr-17445	503	31	investment	investment	NOUN
iiclr-17445	503	32	trusts	trust	NOUN
iiclr-17445	503	33	to	to	PART
iiclr-17445	503	34	simultaneously	simultaneously	ADV
iiclr-17445	503	35	play	play	VERB
iiclr-17445	503	36	new	new	ADJ
iiclr-17445	503	37	roles	role	NOUN
iiclr-17445	503	38	:	:	PUNCT
iiclr-17445	503	39	specifically	specifically	ADV
iiclr-17445	503	40	,	,	PUNCT
iiclr-17445	503	41	to	to	PART
iiclr-17445	503	42	develop	develop	VERB
iiclr-17445	503	43	stronger	strong	ADJ
iiclr-17445	503	44	savings	saving	NOUN
iiclr-17445	503	45	orientations	orientation	NOUN
iiclr-17445	503	46	and	and	CCONJ
iiclr-17445	503	47	to	to	ADP
iiclr-17445	503	48	fine	fine	ADJ
iiclr-17445	503	49	-	-	PUNCT
iiclr-17445	503	50	tune	tune	NOUN
iiclr-17445	503	51	their	their	PRON
iiclr-17445	503	52	impact	impact	NOUN
iiclr-17445	503	53	on	on	ADP
iiclr-17445	503	54	the	the	DET
iiclr-17445	503	55	capital	capital	NOUN
iiclr-17445	503	56	flows	flow	VERB
iiclr-17445	503	57	both	both	CCONJ
iiclr-17445	503	58	inside	inside	ADP
iiclr-17445	503	59	and	and	CCONJ
iiclr-17445	503	60	outside	outside	ADP
iiclr-17445	503	61	the	the	DET
iiclr-17445	503	62	securities	security	NOUN
iiclr-17445	503	63	markets	market	NOUN
iiclr-17445	503	64	of	of	ADP
iiclr-17445	503	65	the	the	DET
iiclr-17445	503	66	recipient	recipient	NOUN
iiclr-17445	503	67	nations	nation	NOUN
iiclr-17445	503	68	.	.	PUNCT
iiclr-17445	504	1	the	the	DET
iiclr-17445	504	2	questions	question	NOUN
iiclr-17445	504	3	raised	raise	VERB
iiclr-17445	504	4	above	above	ADP
iiclr-17445	504	5	provide	provide	VERB
iiclr-17445	504	6	a	a	DET
iiclr-17445	504	7	brief	brief	ADJ
iiclr-17445	504	8	look	look	NOUN
iiclr-17445	504	9	into	into	ADP
iiclr-17445	504	10	the	the	DET
iiclr-17445	504	11	future	future	NOUN
iiclr-17445	504	12	of	of	ADP
iiclr-17445	504	13	the	the	DET
iiclr-17445	504	14	japanese	japanese	ADJ
iiclr-17445	504	15	investment	investment	NOUN
iiclr-17445	504	16	trust	trust	NOUN
iiclr-17445	504	17	system	system	NOUN
iiclr-17445	504	18	.	.	PUNCT
iiclr-17445	505	1	these	these	DET
iiclr-17445	505	2	questions	question	NOUN
iiclr-17445	505	3	are	be	AUX
iiclr-17445	505	4	not	not	PART
iiclr-17445	505	5	simple	simple	ADJ
iiclr-17445	505	6	and	and	CCONJ
iiclr-17445	505	7	will	will	AUX
iiclr-17445	505	8	have	have	VERB
iiclr-17445	505	9	to	to	PART
iiclr-17445	505	10	be	be	AUX
iiclr-17445	505	11	examined	examine	VERB
iiclr-17445	505	12	with	with	ADP
iiclr-17445	505	13	close	close	ADJ
iiclr-17445	505	14	scrutiny	scrutiny	NOUN
iiclr-17445	505	15	for	for	ADP
iiclr-17445	505	16	some	some	DET
iiclr-17445	505	17	period	period	NOUN
iiclr-17445	505	18	of	of	ADP
iiclr-17445	505	19	time	time	NOUN
iiclr-17445	505	20	.	.	PUNCT
iiclr-17445	506	1	one	one	NUM
iiclr-17445	506	2	study	study	NOUN
iiclr-17445	506	3	has	have	AUX
iiclr-17445	506	4	been	be	AUX
iiclr-17445	506	5	undertaken	undertake	VERB
iiclr-17445	506	6	by	by	ADP
iiclr-17445	506	7	the	the	DET
iiclr-17445	506	8	study	study	NOUN
iiclr-17445	506	9	group	group	NOUN
iiclr-17445	506	10	on	on	ADP
iiclr-17445	506	11	investment	investment	NOUN
iiclr-17445	506	12	trusts	trust	NOUN
iiclr-17445	506	13	,	,	PUNCT
iiclr-17445	506	14	securities	security	NOUN
iiclr-17445	506	15	bureau	bureau	NOUN
iiclr-17445	506	16	of	of	ADP
iiclr-17445	506	17	the	the	DET
iiclr-17445	506	18	ministry	ministry	PROPN
iiclr-17445	506	19	of	of	ADP
iiclr-17445	506	20	finance	finance	PROPN
iiclr-17445	506	21	.	.	PUNCT
iiclr-17445	507	1	this	this	DET
iiclr-17445	507	2	group	group	NOUN
iiclr-17445	507	3	recently	recently	ADV
iiclr-17445	507	4	released	release	VERB
iiclr-17445	507	5	a	a	DET
iiclr-17445	507	6	report	report	NOUN
iiclr-17445	507	7	which	which	PRON
iiclr-17445	507	8	stated	state	VERB
iiclr-17445	507	9	:	:	PUNCT
iiclr-17445	507	10	reform	reform	NOUN
iiclr-17445	507	11	efforts	effort	NOUN
iiclr-17445	507	12	should	should	AUX
iiclr-17445	507	13	not	not	PART
iiclr-17445	507	14	be	be	AUX
iiclr-17445	507	15	limited	limit	VERB
iiclr-17445	507	16	to	to	ADP
iiclr-17445	507	17	the	the	DET
iiclr-17445	507	18	international	international	ADJ
iiclr-17445	507	19	harmonization	harmonization	NOUN
iiclr-17445	507	20	of	of	ADP
iiclr-17445	507	21	investment	investment	NOUN
iiclr-17445	507	22	trusts	trust	NOUN
iiclr-17445	507	23	but	but	CCONJ
iiclr-17445	507	24	should	should	AUX
iiclr-17445	507	25	rather	rather	ADV
iiclr-17445	507	26	embrace	embrace	VERB
iiclr-17445	507	27	a	a	DET
iiclr-17445	507	28	more	more	ADV
iiclr-17445	507	29	down	down	ADP
iiclr-17445	507	30	-	-	PUNCT
iiclr-17445	507	31	to	to	ADP
iiclr-17445	507	32	-	-	PUNCT
iiclr-17445	507	33	earth	earth	NOUN
iiclr-17445	507	34	reflection	reflection	NOUN
iiclr-17445	507	35	of	of	ADP
iiclr-17445	507	36	the	the	DET
iiclr-17445	507	37	current	current	ADJ
iiclr-17445	507	38	system	system	NOUN
iiclr-17445	507	39	from	from	ADP
iiclr-17445	507	40	a	a	DET
iiclr-17445	507	41	broader	broad	ADJ
iiclr-17445	507	42	perspective	perspective	NOUN
iiclr-17445	507	43	focusing	focus	VERB
iiclr-17445	507	44	on	on	ADP
iiclr-17445	507	45	how	how	SCONJ
iiclr-17445	507	46	to	to	PART
iiclr-17445	507	47	accommodate	accommodate	VERB
iiclr-17445	507	48	mass	mass	PROPN
iiclr-17445	507	49	investors	investor	NOUN
iiclr-17445	507	50	'	'	PART
iiclr-17445	507	51	diverse	diverse	ADJ
iiclr-17445	507	52	needs	need	NOUN
iiclr-17445	507	53	and	and	CCONJ
iiclr-17445	507	54	build	build	VERB
iiclr-17445	507	55	an	an	DET
iiclr-17445	507	56	environment	environment	NOUN
iiclr-17445	507	57	which	which	PRON
iiclr-17445	507	58	will	will	AUX
iiclr-17445	507	59	enable	enable	VERB
iiclr-17445	507	60	selections	selection	NOUN
iiclr-17445	507	61	on	on	ADP
iiclr-17445	507	62	their	their	PRON
iiclr-17445	507	63	own	own	ADJ
iiclr-17445	507	64	initiative.4	initiative.4	PROPN
iiclr-17445	507	65	5	5	NUM
iiclr-17445	507	66	in	in	ADP
iiclr-17445	507	67	specific	specific	ADJ
iiclr-17445	507	68	terms	term	NOUN
iiclr-17445	507	69	,	,	PUNCT
iiclr-17445	507	70	the	the	DET
iiclr-17445	507	71	report	report	NOUN
iiclr-17445	507	72	provides	provide	VERB
iiclr-17445	507	73	guidelines	guideline	NOUN
iiclr-17445	507	74	applicable	applicable	ADJ
iiclr-17445	507	75	on	on	ADP
iiclr-17445	507	76	such	such	ADJ
iiclr-17445	507	77	subjects	subject	NOUN
iiclr-17445	507	78	as	as	ADP
iiclr-17445	507	79	:	:	PUNCT
iiclr-17445	507	80	(	(	PUNCT
iiclr-17445	507	81	i	i	NOUN
iiclr-17445	507	82	)	)	PUNCT
iiclr-17445	507	83	diversification	diversification	NOUN
iiclr-17445	507	84	of	of	ADP
iiclr-17445	507	85	product	product	NOUN
iiclr-17445	507	86	characteristics	characteristic	NOUN
iiclr-17445	507	87	and	and	CCONJ
iiclr-17445	507	88	maintenance	maintenance	NOUN
iiclr-17445	507	89	of	of	ADP
iiclr-17445	507	90	stable	stable	ADJ
iiclr-17445	507	91	management	management	NOUN
iiclr-17445	507	92	(	(	PUNCT
iiclr-17445	507	93	e.g.	e.g.	ADV
iiclr-17445	507	94	,	,	PUNCT
iiclr-17445	507	95	introduction	introduction	NOUN
iiclr-17445	507	96	of	of	ADP
iiclr-17445	507	97	prematurity	prematurity	NOUN
iiclr-17445	507	98	redemption	redemption	NOUN
iiclr-17445	507	99	charges	charge	NOUN
iiclr-17445	507	100	to	to	PART
iiclr-17445	507	101	discourage	discourage	VERB
iiclr-17445	507	102	massive	massive	ADJ
iiclr-17445	507	103	redemptions	redemption	NOUN
iiclr-17445	507	104	often	often	ADV
iiclr-17445	507	105	seen	see	VERB
iiclr-17445	507	106	immediately	immediately	ADV
iiclr-17445	507	107	following	follow	VERB
iiclr-17445	507	108	the	the	DET
iiclr-17445	507	109	end	end	NOUN
iiclr-17445	507	110	of	of	ADP
iiclr-17445	507	111	a	a	DET
iiclr-17445	507	112	closed	closed	ADJ
iiclr-17445	507	113	period	period	NOUN
iiclr-17445	507	114	)	)	PUNCT
iiclr-17445	507	115	;	;	PUNCT
iiclr-17445	507	116	(	(	PUNCT
iiclr-17445	507	117	ii	ii	NOUN
iiclr-17445	507	118	)	)	PUNCT
iiclr-17445	507	119	increase	increase	NOUN
iiclr-17445	507	120	in	in	ADP
iiclr-17445	507	121	the	the	DET
iiclr-17445	507	122	number	number	NOUN
iiclr-17445	507	123	of	of	ADP
iiclr-17445	507	124	eligible	eligible	ADJ
iiclr-17445	507	125	investment	investment	NOUN
iiclr-17445	507	126	products	product	NOUN
iiclr-17445	507	127	and	and	CCONJ
iiclr-17445	507	128	relaxation	relaxation	NOUN
iiclr-17445	507	129	of	of	ADP
iiclr-17445	507	130	control	control	NOUN
iiclr-17445	507	131	over	over	ADP
iiclr-17445	507	132	the	the	DET
iiclr-17445	507	133	investment	investment	NOUN
iiclr-17445	507	134	of	of	ADP
iiclr-17445	507	135	the	the	DET
iiclr-17445	507	136	trust	trust	NOUN
iiclr-17445	507	137	's	's	PART
iiclr-17445	507	138	cash	cash	NOUN
iiclr-17445	507	139	position	position	NOUN
iiclr-17445	507	140	;	;	PUNCT
iiclr-17445	507	141	(	(	PUNCT
iiclr-17445	507	142	iii	iii	NOUN
iiclr-17445	507	143	)	)	PUNCT
iiclr-17445	507	144	more	more	ADV
iiclr-17445	507	145	thorough	thorough	ADJ
iiclr-17445	507	146	overall	overall	ADJ
iiclr-17445	507	147	disclosure	disclosure	NOUN
iiclr-17445	507	148	and	and	CCONJ
iiclr-17445	507	149	comparison	comparison	NOUN
iiclr-17445	507	150	of	of	ADP
iiclr-17445	507	151	performance	performance	NOUN
iiclr-17445	507	152	;	;	PUNCT
iiclr-17445	507	153	(	(	PUNCT
iiclr-17445	507	154	iv	iv	X
iiclr-17445	507	155	)	)	PUNCT
iiclr-17445	507	156	stronger	strong	ADJ
iiclr-17445	507	157	independence	independence	NOUN
iiclr-17445	507	158	of	of	ADP
iiclr-17445	507	159	(	(	PUNCT
iiclr-17445	507	160	or	or	CCONJ
iiclr-17445	507	161	fulfillment	fulfillment	NOUN
iiclr-17445	507	162	of	of	ADP
iiclr-17445	507	163	fiduciary	fiduciary	ADJ
iiclr-17445	507	164	duty	duty	NOUN
iiclr-17445	507	165	by	by	ADP
iiclr-17445	507	166	)	)	PUNCT
iiclr-17445	507	167	management	management	NOUN
iiclr-17445	507	168	companies	company	NOUN
iiclr-17445	507	169	;	;	PUNCT
iiclr-17445	507	170	(	(	PUNCT
iiclr-17445	507	171	v	v	NOUN
iiclr-17445	507	172	)	)	PUNCT
iiclr-17445	507	173	improvement	improvement	NOUN
iiclr-17445	507	174	in	in	ADP
iiclr-17445	507	175	the	the	DET
iiclr-17445	507	176	rules	rule	NOUN
iiclr-17445	507	177	for	for	ADP
iiclr-17445	507	178	the	the	DET
iiclr-17445	507	179	marketing	marketing	NOUN
iiclr-17445	507	180	of	of	ADP
iiclr-17445	507	181	foreign	foreign	ADJ
iiclr-17445	507	182	investment	investment	NOUN
iiclr-17445	507	183	trusts	trust	NOUN
iiclr-17445	507	184	in	in	ADP
iiclr-17445	507	185	japan	japan	PROPN
iiclr-17445	507	186	;	;	PUNCT
iiclr-17445	507	187	(	(	PUNCT
iiclr-17445	507	188	vi	vi	X
iiclr-17445	507	189	)	)	PUNCT
iiclr-17445	507	190	45	45	NUM
iiclr-17445	507	191	.	.	PUNCT
iiclr-17445	508	1	report	report	NOUN
iiclr-17445	508	2	of	of	ADP
iiclr-17445	508	3	the	the	DET
iiclr-17445	508	4	study	study	NOUN
iiclr-17445	508	5	group	group	NOUN
iiclr-17445	508	6	on	on	ADP
iiclr-17445	508	7	investment	investment	NOUN
iiclr-17445	508	8	trusts	trust	NOUN
iiclr-17445	508	9	,	,	PUNCT
iiclr-17445	508	10	5	5	NUM
iiclr-17445	508	11	(	(	PUNCT
iiclr-17445	508	12	1988	1988	NUM
iiclr-17445	508	13	)	)	PUNCT
iiclr-17445	508	14	.	.	PUNCT
iiclr-17445	509	1	19921	19921	NUM
iiclr-17445	509	2	ind	ind	NOUN
iiclr-17445	509	3	.	.	PUNCT
iiclr-17445	510	1	int'l	int'l	PROPN
iiclr-17445	510	2	&	&	CCONJ
iiclr-17445	510	3	comp	comp	PROPN
iiclr-17445	510	4	.	.	PUNCT
iiclr-17445	511	1	l.	l.	PROPN
iiclr-17445	511	2	rev	rev	PROPN
iiclr-17445	511	3	.	.	PROPN
iiclr-17445	512	1	reform	reform	NOUN
iiclr-17445	512	2	of	of	ADP
iiclr-17445	512	3	the	the	DET
iiclr-17445	512	4	current	current	ADJ
iiclr-17445	512	5	securities	security	NOUN
iiclr-17445	512	6	investment	investment	NOUN
iiclr-17445	512	7	trust	trust	NOUN
iiclr-17445	512	8	law	law	NOUN
iiclr-17445	512	9	;	;	PUNCT
iiclr-17445	512	10	46	46	NUM
iiclr-17445	512	11	and	and	CCONJ
iiclr-17445	512	12	(	(	PUNCT
iiclr-17445	512	13	vii	vii	PROPN
iiclr-17445	512	14	)	)	PUNCT
iiclr-17445	512	15	issues	issue	NOUN
iiclr-17445	512	16	concerning	concern	VERB
iiclr-17445	512	17	new	new	ADJ
iiclr-17445	512	18	entries	entry	NOUN
iiclr-17445	512	19	into	into	ADP
iiclr-17445	512	20	the	the	DET
iiclr-17445	512	21	investment	investment	NOUN
iiclr-17445	512	22	trust	trust	NOUN
iiclr-17445	512	23	market	market	NOUN
iiclr-17445	512	24	.	.	PUNCT
iiclr-17445	513	1	47	47	NUM
iiclr-17445	513	2	the	the	DET
iiclr-17445	513	3	utility	utility	NOUN
iiclr-17445	513	4	of	of	ADP
iiclr-17445	513	5	any	any	DET
iiclr-17445	513	6	guidelines	guideline	NOUN
iiclr-17445	513	7	or	or	CCONJ
iiclr-17445	513	8	answers	answer	NOUN
iiclr-17445	513	9	to	to	ADP
iiclr-17445	513	10	the	the	DET
iiclr-17445	513	11	questions	question	NOUN
iiclr-17445	513	12	asked	ask	VERB
iiclr-17445	513	13	will	will	AUX
iiclr-17445	513	14	depend	depend	VERB
iiclr-17445	513	15	to	to	ADP
iiclr-17445	513	16	a	a	DET
iiclr-17445	513	17	large	large	ADJ
iiclr-17445	513	18	extent	extent	NOUN
iiclr-17445	513	19	upon	upon	SCONJ
iiclr-17445	513	20	the	the	DET
iiclr-17445	513	21	views	view	NOUN
iiclr-17445	513	22	of	of	ADP
iiclr-17445	513	23	those	those	PRON
iiclr-17445	513	24	who	who	PRON
iiclr-17445	513	25	are	be	AUX
iiclr-17445	513	26	concerned	concerned	ADJ
iiclr-17445	513	27	with	with	ADP
iiclr-17445	513	28	the	the	DET
iiclr-17445	513	29	future	future	NOUN
iiclr-17445	513	30	of	of	ADP
iiclr-17445	513	31	the	the	DET
iiclr-17445	513	32	japanese	japanese	ADJ
iiclr-17445	513	33	investment	investment	NOUN
iiclr-17445	513	34	trust	trust	NOUN
iiclr-17445	513	35	industry	industry	NOUN
iiclr-17445	513	36	.	.	PUNCT
iiclr-17445	514	1	such	such	ADJ
iiclr-17445	514	2	views	view	NOUN
iiclr-17445	514	3	may	may	AUX
iiclr-17445	514	4	provide	provide	VERB
iiclr-17445	514	5	the	the	DET
iiclr-17445	514	6	best	good	ADJ
iiclr-17445	514	7	insight	insight	NOUN
iiclr-17445	514	8	into	into	ADP
iiclr-17445	514	9	how	how	SCONJ
iiclr-17445	514	10	the	the	DET
iiclr-17445	514	11	investment	investment	NOUN
iiclr-17445	514	12	trust	trust	NOUN
iiclr-17445	514	13	system	system	NOUN
iiclr-17445	514	14	must	must	AUX
iiclr-17445	514	15	develop	develop	VERB
iiclr-17445	514	16	and	and	CCONJ
iiclr-17445	514	17	change.4	change.4	PROPN
iiclr-17445	514	18	8	8	NUM
iiclr-17445	514	19	46	46	NUM
iiclr-17445	514	20	.	.	PUNCT
iiclr-17445	515	1	the	the	DET
iiclr-17445	515	2	report	report	NOUN
iiclr-17445	515	3	's	's	PART
iiclr-17445	515	4	guidelines	guideline	NOUN
iiclr-17445	515	5	for	for	ADP
iiclr-17445	515	6	the	the	DET
iiclr-17445	515	7	reform	reform	NOUN
iiclr-17445	515	8	of	of	ADP
iiclr-17445	515	9	the	the	DET
iiclr-17445	515	10	securities	security	NOUN
iiclr-17445	515	11	investment	investment	PROPN
iiclr-17445	515	12	trust	trust	NOUN
iiclr-17445	515	13	law	law	NOUN
iiclr-17445	515	14	require	require	VERB
iiclr-17445	515	15	specific	specific	ADJ
iiclr-17445	515	16	improvements	improvement	NOUN
iiclr-17445	515	17	in	in	ADP
iiclr-17445	515	18	disclosure	disclosure	NOUN
iiclr-17445	515	19	such	such	ADJ
iiclr-17445	515	20	as	as	ADP
iiclr-17445	515	21	securities	security	NOUN
iiclr-17445	515	22	companies	company	NOUN
iiclr-17445	515	23	'	'	PART
iiclr-17445	515	24	obligations	obligation	NOUN
iiclr-17445	515	25	to	to	PART
iiclr-17445	515	26	provide	provide	VERB
iiclr-17445	515	27	explanatory	explanatory	ADJ
iiclr-17445	515	28	statements	statement	NOUN
iiclr-17445	515	29	to	to	ADP
iiclr-17445	515	30	prospective	prospective	ADJ
iiclr-17445	515	31	certificate	certificate	NOUN
iiclr-17445	515	32	subscribers	subscriber	NOUN
iiclr-17445	515	33	and	and	CCONJ
iiclr-17445	515	34	investment	investment	NOUN
iiclr-17445	515	35	trust	trust	NOUN
iiclr-17445	515	36	management	management	NOUN
iiclr-17445	515	37	companies	company	NOUN
iiclr-17445	515	38	'	'	PART
iiclr-17445	515	39	responsibility	responsibility	NOUN
iiclr-17445	515	40	for	for	ADP
iiclr-17445	515	41	damage	damage	NOUN
iiclr-17445	515	42	compensations	compensation	NOUN
iiclr-17445	515	43	for	for	ADP
iiclr-17445	515	44	misrepresentations	misrepresentation	NOUN
iiclr-17445	515	45	and	and	CCONJ
iiclr-17445	515	46	their	their	PRON
iiclr-17445	515	47	obligations	obligation	NOUN
iiclr-17445	515	48	to	to	PART
iiclr-17445	515	49	file	file	VERB
iiclr-17445	515	50	explanatory	explanatory	ADJ
iiclr-17445	515	51	statements	statement	NOUN
iiclr-17445	515	52	with	with	ADP
iiclr-17445	515	53	the	the	DET
iiclr-17445	515	54	minister	minister	NOUN
iiclr-17445	515	55	of	of	ADP
iiclr-17445	515	56	finance	finance	NOUN
iiclr-17445	515	57	for	for	ADP
iiclr-17445	515	58	review	review	NOUN
iiclr-17445	515	59	(	(	PUNCT
iiclr-17445	515	60	including	include	VERB
iiclr-17445	515	61	the	the	DET
iiclr-17445	515	62	minister	minister	NOUN
iiclr-17445	515	63	's	's	PART
iiclr-17445	515	64	power	power	NOUN
iiclr-17445	515	65	to	to	PART
iiclr-17445	515	66	order	order	VERB
iiclr-17445	515	67	corrections	correction	NOUN
iiclr-17445	515	68	)	)	PUNCT
iiclr-17445	515	69	.	.	PUNCT
iiclr-17445	516	1	the	the	DET
iiclr-17445	516	2	report	report	NOUN
iiclr-17445	516	3	demands	demand	VERB
iiclr-17445	516	4	that	that	SCONJ
iiclr-17445	516	5	disclosure	disclosure	NOUN
iiclr-17445	516	6	be	be	AUX
iiclr-17445	516	7	made	make	VERB
iiclr-17445	516	8	on	on	ADP
iiclr-17445	516	9	levels	level	NOUN
iiclr-17445	516	10	similar	similar	ADJ
iiclr-17445	516	11	as	as	ADP
iiclr-17445	516	12	to	to	ADP
iiclr-17445	516	13	those	those	PRON
iiclr-17445	516	14	provided	provide	VERB
iiclr-17445	516	15	for	for	ADP
iiclr-17445	516	16	in	in	ADP
iiclr-17445	516	17	the	the	DET
iiclr-17445	516	18	securities	security	NOUN
iiclr-17445	516	19	exchange	exchange	NOUN
iiclr-17445	516	20	law	law	NOUN
iiclr-17445	516	21	.	.	PUNCT
iiclr-17445	517	1	47	47	NUM
iiclr-17445	517	2	.	.	PUNCT
iiclr-17445	518	1	on	on	ADP
iiclr-17445	518	2	march	march	PROPN
iiclr-17445	518	3	9	9	NUM
iiclr-17445	518	4	,	,	PUNCT
iiclr-17445	518	5	1990	1990	NUM
iiclr-17445	518	6	,	,	PUNCT
iiclr-17445	518	7	the	the	DET
iiclr-17445	518	8	investment	investment	NOUN
iiclr-17445	518	9	trusts	trust	VERB
iiclr-17445	518	10	association	association	NOUN
iiclr-17445	518	11	released	release	VERB
iiclr-17445	518	12	an	an	DET
iiclr-17445	518	13	opinion	opinion	NOUN
iiclr-17445	518	14	paper	paper	NOUN
iiclr-17445	518	15	entitled	entitle	VERB
iiclr-17445	518	16	"	"	PUNCT
iiclr-17445	518	17	on	on	ADP
iiclr-17445	518	18	the	the	DET
iiclr-17445	518	19	improvements	improvement	NOUN
iiclr-17445	518	20	of	of	ADP
iiclr-17445	518	21	the	the	DET
iiclr-17445	518	22	investment	investment	NOUN
iiclr-17445	518	23	trust	trust	NOUN
iiclr-17445	518	24	system	system	NOUN
iiclr-17445	518	25	.	.	PUNCT
iiclr-17445	518	26	"	"	PUNCT
iiclr-17445	519	1	this	this	DET
iiclr-17445	519	2	paper	paper	NOUN
iiclr-17445	519	3	represented	represent	VERB
iiclr-17445	519	4	an	an	DET
iiclr-17445	519	5	action	action	NOUN
iiclr-17445	519	6	program	program	NOUN
iiclr-17445	519	7	in	in	ADP
iiclr-17445	519	8	pursuance	pursuance	NOUN
iiclr-17445	519	9	of	of	ADP
iiclr-17445	519	10	the	the	DET
iiclr-17445	519	11	recommendations	recommendation	NOUN
iiclr-17445	519	12	proposed	propose	VERB
iiclr-17445	519	13	in	in	ADP
iiclr-17445	519	14	a	a	DET
iiclr-17445	519	15	paper	paper	NOUN
iiclr-17445	519	16	entitled	entitle	VERB
iiclr-17445	519	17	"	"	PUNCT
iiclr-17445	519	18	on	on	ADP
iiclr-17445	519	19	the	the	DET
iiclr-17445	519	20	future	future	ADJ
iiclr-17445	519	21	course	course	NOUN
iiclr-17445	519	22	of	of	ADP
iiclr-17445	519	23	investment	investment	NOUN
iiclr-17445	519	24	trusts	trust	NOUN
iiclr-17445	519	25	"	"	PUNCT
iiclr-17445	519	26	which	which	PRON
iiclr-17445	519	27	was	be	AUX
iiclr-17445	519	28	issued	issue	VERB
iiclr-17445	519	29	in	in	ADP
iiclr-17445	519	30	may	may	PROPN
iiclr-17445	519	31	,	,	PUNCT
iiclr-17445	519	32	1989	1989	NUM
iiclr-17445	519	33	,	,	PUNCT
iiclr-17445	519	34	by	by	ADP
iiclr-17445	519	35	the	the	DET
iiclr-17445	519	36	study	study	NOUN
iiclr-17445	519	37	group	group	NOUN
iiclr-17445	519	38	on	on	ADP
iiclr-17445	519	39	investment	investment	NOUN
iiclr-17445	519	40	trusts	trust	NOUN
iiclr-17445	519	41	,	,	PUNCT
iiclr-17445	519	42	securities	security	NOUN
iiclr-17445	519	43	bureau	bureau	NOUN
iiclr-17445	519	44	of	of	ADP
iiclr-17445	519	45	the	the	DET
iiclr-17445	519	46	ministry	ministry	PROPN
iiclr-17445	519	47	of	of	ADP
iiclr-17445	519	48	finance	finance	PROPN
iiclr-17445	519	49	.	.	PUNCT
iiclr-17445	520	1	the	the	DET
iiclr-17445	520	2	main	main	ADJ
iiclr-17445	520	3	part	part	NOUN
iiclr-17445	520	4	of	of	ADP
iiclr-17445	520	5	the	the	DET
iiclr-17445	520	6	investment	investment	NOUN
iiclr-17445	520	7	trusts	trust	VERB
iiclr-17445	520	8	association	association	PROPN
iiclr-17445	520	9	's	's	PART
iiclr-17445	520	10	paper	paper	NOUN
iiclr-17445	520	11	concerned	concern	VERB
iiclr-17445	520	12	the	the	DET
iiclr-17445	520	13	mainstay	mainstay	NOUN
iiclr-17445	520	14	unit	unit	NOUN
iiclr-17445	520	15	-	-	PUNCT
iiclr-17445	520	16	type	type	NOUN
iiclr-17445	520	17	stock	stock	NOUN
iiclr-17445	520	18	investment	investment	NOUN
iiclr-17445	520	19	trust	trust	NOUN
iiclr-17445	520	20	funds	fund	NOUN
iiclr-17445	520	21	and	and	CCONJ
iiclr-17445	520	22	proposed	propose	VERB
iiclr-17445	520	23	:	:	PUNCT
iiclr-17445	520	24	(	(	PUNCT
iiclr-17445	520	25	1	1	X
iiclr-17445	520	26	)	)	PUNCT
iiclr-17445	520	27	diversification	diversification	NOUN
iiclr-17445	520	28	of	of	ADP
iiclr-17445	520	29	product	product	NOUN
iiclr-17445	520	30	orientations	orientation	NOUN
iiclr-17445	520	31	;	;	PUNCT
iiclr-17445	520	32	(	(	PUNCT
iiclr-17445	520	33	2	2	X
iiclr-17445	520	34	)	)	PUNCT
iiclr-17445	520	35	diversification	diversification	NOUN
iiclr-17445	520	36	of	of	ADP
iiclr-17445	520	37	subscription	subscription	NOUN
iiclr-17445	520	38	fees	fee	NOUN
iiclr-17445	520	39	and	and	CCONJ
iiclr-17445	520	40	trust	trust	NOUN
iiclr-17445	520	41	fees	fee	NOUN
iiclr-17445	520	42	;	;	PUNCT
iiclr-17445	520	43	(	(	PUNCT
iiclr-17445	520	44	3	3	X
iiclr-17445	520	45	)	)	PUNCT
iiclr-17445	520	46	measures	measure	NOUN
iiclr-17445	520	47	for	for	ADP
iiclr-17445	520	48	the	the	DET
iiclr-17445	520	49	stabilization	stabilization	NOUN
iiclr-17445	520	50	of	of	ADP
iiclr-17445	520	51	asset	asset	NOUN
iiclr-17445	520	52	management	management	NOUN
iiclr-17445	520	53	,	,	PUNCT
iiclr-17445	520	54	including	include	VERB
iiclr-17445	520	55	revival	revival	NOUN
iiclr-17445	520	56	of	of	ADP
iiclr-17445	520	57	withdrawal	withdrawal	NOUN
iiclr-17445	520	58	charges	charge	NOUN
iiclr-17445	520	59	and	and	CCONJ
iiclr-17445	520	60	leveraged	leveraged	ADJ
iiclr-17445	520	61	asset	asset	NOUN
iiclr-17445	520	62	management	management	NOUN
iiclr-17445	520	63	:	:	PUNCT
iiclr-17445	520	64	and	and	CCONJ
iiclr-17445	520	65	(	(	PUNCT
iiclr-17445	520	66	4	4	X
iiclr-17445	520	67	)	)	PUNCT
iiclr-17445	520	68	expansion	expansion	NOUN
iiclr-17445	520	69	of	of	ADP
iiclr-17445	520	70	disclosure	disclosure	NOUN
iiclr-17445	520	71	regarding	regard	VERB
iiclr-17445	520	72	fund	fund	NOUN
iiclr-17445	520	73	structures	structure	NOUN
iiclr-17445	520	74	and	and	CCONJ
iiclr-17445	520	75	performances	performance	NOUN
iiclr-17445	520	76	.	.	PUNCT
iiclr-17445	521	1	48	48	NUM
iiclr-17445	521	2	.	.	PUNCT
iiclr-17445	522	1	japan	japan	PROPN
iiclr-17445	522	2	's	's	PART
iiclr-17445	522	3	investment	investment	NOUN
iiclr-17445	522	4	trusts	trust	NOUN
iiclr-17445	522	5	have	have	AUX
iiclr-17445	522	6	come	come	VERB
iiclr-17445	522	7	to	to	ADP
iiclr-17445	522	8	a	a	DET
iiclr-17445	522	9	stage	stage	NOUN
iiclr-17445	522	10	where	where	SCONJ
iiclr-17445	522	11	the	the	DET
iiclr-17445	522	12	traditional	traditional	ADJ
iiclr-17445	522	13	japanese	japanese	ADJ
iiclr-17445	522	14	paradigm	paradigm	NOUN
iiclr-17445	522	15	should	should	AUX
iiclr-17445	522	16	be	be	AUX
iiclr-17445	522	17	transcended	transcend	VERB
iiclr-17445	522	18	for	for	ADP
iiclr-17445	522	19	further	further	ADJ
iiclr-17445	522	20	growth	growth	NOUN
iiclr-17445	522	21	and	and	CCONJ
iiclr-17445	522	22	development	development	NOUN
iiclr-17445	522	23	.	.	PUNCT
iiclr-17445	523	1	they	they	PRON
iiclr-17445	523	2	are	be	AUX
iiclr-17445	523	3	very	very	ADV
iiclr-17445	523	4	unique	unique	ADJ
iiclr-17445	523	5	by	by	ADP
iiclr-17445	523	6	international	international	ADJ
iiclr-17445	523	7	standards	standard	NOUN
iiclr-17445	523	8	and	and	CCONJ
iiclr-17445	523	9	so	so	ADV
iiclr-17445	523	10	need	need	VERB
iiclr-17445	523	11	basic	basic	ADJ
iiclr-17445	523	12	reform	reform	NOUN
iiclr-17445	523	13	in	in	ADP
iiclr-17445	523	14	many	many	ADJ
iiclr-17445	523	15	respects	respect	NOUN
iiclr-17445	523	16	to	to	PART
iiclr-17445	523	17	be	be	AUX
iiclr-17445	523	18	accepted	accept	VERB
iiclr-17445	523	19	as	as	ADP
iiclr-17445	523	20	internationally	internationally	ADV
iiclr-17445	523	21	viable	viable	ADJ
iiclr-17445	523	22	financial	financial	ADJ
iiclr-17445	523	23	products	product	NOUN
iiclr-17445	523	24	.	.	PUNCT
iiclr-17445	524	1	the	the	DET
iiclr-17445	524	2	present	present	ADJ
iiclr-17445	524	3	system	system	NOUN
iiclr-17445	524	4	is	be	AUX
iiclr-17445	524	5	the	the	DET
iiclr-17445	524	6	product	product	NOUN
iiclr-17445	524	7	of	of	ADP
iiclr-17445	524	8	many	many	ADJ
iiclr-17445	524	9	years	year	NOUN
iiclr-17445	524	10	of	of	ADP
iiclr-17445	524	11	development	development	NOUN
iiclr-17445	524	12	.	.	PUNCT
iiclr-17445	525	1	as	as	ADP
iiclr-17445	525	2	such	such	ADJ
iiclr-17445	525	3	,	,	PUNCT
iiclr-17445	525	4	it	it	PRON
iiclr-17445	525	5	suits	suit	VERB
iiclr-17445	525	6	the	the	DET
iiclr-17445	525	7	purposes	purpose	NOUN
iiclr-17445	525	8	fairly	fairly	ADV
iiclr-17445	525	9	well	well	ADV
iiclr-17445	525	10	with	with	ADP
iiclr-17445	525	11	no	no	DET
iiclr-17445	525	12	particular	particular	ADJ
iiclr-17445	525	13	complaints	complaint	NOUN
iiclr-17445	525	14	lodged	lodge	VERB
iiclr-17445	525	15	from	from	ADP
iiclr-17445	525	16	investors	investor	NOUN
iiclr-17445	525	17	.	.	PUNCT
iiclr-17445	526	1	in	in	ADP
iiclr-17445	526	2	this	this	DET
iiclr-17445	526	3	sense	sense	NOUN
iiclr-17445	526	4	,	,	PUNCT
iiclr-17445	526	5	reform	reform	NOUN
iiclr-17445	526	6	may	may	AUX
iiclr-17445	526	7	not	not	PART
iiclr-17445	526	8	be	be	AUX
iiclr-17445	526	9	an	an	DET
iiclr-17445	526	10	urgent	urgent	ADJ
iiclr-17445	526	11	necessity	necessity	NOUN
iiclr-17445	526	12	.	.	PUNCT
iiclr-17445	527	1	nevertheless	nevertheless	ADV
iiclr-17445	527	2	,	,	PUNCT
iiclr-17445	527	3	since	since	SCONJ
iiclr-17445	527	4	no	no	DET
iiclr-17445	527	5	financial	financial	ADJ
iiclr-17445	527	6	products	product	NOUN
iiclr-17445	527	7	without	without	ADP
iiclr-17445	527	8	universal	universal	ADJ
iiclr-17445	527	9	compatibility	compatibility	NOUN
iiclr-17445	527	10	can	can	AUX
iiclr-17445	527	11	be	be	AUX
iiclr-17445	527	12	expected	expect	VERB
iiclr-17445	527	13	to	to	PART
iiclr-17445	527	14	attain	attain	VERB
iiclr-17445	527	15	a	a	DET
iiclr-17445	527	16	meaningful	meaningful	ADJ
iiclr-17445	527	17	position	position	NOUN
iiclr-17445	527	18	in	in	ADP
iiclr-17445	527	19	the	the	DET
iiclr-17445	527	20	days	day	NOUN
iiclr-17445	527	21	ahead	ahead	ADV
iiclr-17445	527	22	,	,	PUNCT
iiclr-17445	527	23	these	these	DET
iiclr-17445	527	24	basic	basic	ADJ
iiclr-17445	527	25	problems	problem	NOUN
iiclr-17445	527	26	must	must	AUX
iiclr-17445	527	27	be	be	AUX
iiclr-17445	527	28	addressed	address	VERB
iiclr-17445	527	29	seriously	seriously	ADV
iiclr-17445	527	30	from	from	ADP
iiclr-17445	527	31	every	every	DET
iiclr-17445	527	32	conceivable	conceivable	ADJ
iiclr-17445	527	33	angle	angle	NOUN
iiclr-17445	527	34	.	.	PUNCT
iiclr-17445	528	1	toshiyasu	toshiyasu	PROPN
iiclr-17445	528	2	asao	asao	PROPN
iiclr-17445	528	3	,	,	PUNCT
iiclr-17445	528	4	former	former	ADJ
iiclr-17445	528	5	chairman	chairman	NOUN
iiclr-17445	528	6	of	of	ADP
iiclr-17445	528	7	the	the	DET
iiclr-17445	528	8	investment	investment	NOUN
iiclr-17445	528	9	trusts	trust	VERB
iiclr-17445	528	10	association	association	PROPN
iiclr-17445	528	11	of	of	ADP
iiclr-17445	528	12	japan	japan	PROPN
iiclr-17445	528	13	(	(	PUNCT
iiclr-17445	528	14	interview	interview	NOUN
iiclr-17445	528	15	for	for	ADP
iiclr-17445	528	16	a	a	DET
iiclr-17445	528	17	special	special	ADJ
iiclr-17445	528	18	column	column	NOUN
iiclr-17445	528	19	on	on	ADP
iiclr-17445	528	20	the	the	DET
iiclr-17445	528	21	announcement	announcement	NOUN
iiclr-17445	528	22	by	by	ADP
iiclr-17445	528	23	the	the	DET
iiclr-17445	528	24	ministry	ministry	PROPN
iiclr-17445	528	25	of	of	ADP
iiclr-17445	528	26	finance	finance	PROPN
iiclr-17445	528	27	on	on	ADP
iiclr-17445	528	28	the	the	DET
iiclr-17445	528	29	problem	problem	NOUN
iiclr-17445	528	30	of	of	ADP
iiclr-17445	528	31	new	new	ADJ
iiclr-17445	528	32	entry	entry	NOUN
iiclr-17445	528	33	into	into	ADP
iiclr-17445	528	34	the	the	DET
iiclr-17445	528	35	investment	investment	NOUN
iiclr-17445	528	36	trust	trust	NOUN
iiclr-17445	528	37	market	market	NOUN
iiclr-17445	528	38	)	)	PUNCT
iiclr-17445	528	39	,	,	PUNCT
iiclr-17445	528	40	the	the	DET
iiclr-17445	528	41	report	report	NOUN
iiclr-17445	528	42	of	of	ADP
iiclr-17445	528	43	the	the	DET
iiclr-17445	528	44	study	study	NOUN
iiclr-17445	528	45	group	group	NOUN
iiclr-17445	528	46	on	on	ADP
iiclr-17445	528	47	investment	investment	NOUN
iiclr-17445	528	48	trusts	trust	NOUN
iiclr-17445	528	49	,	,	PUNCT
iiclr-17445	528	50	kinyu	kinyu	PROPN
iiclr-17445	528	51	zaiseijyo	zaiseijyo	PROPN
iiclr-17445	528	52	(	(	PUNCT
iiclr-17445	528	53	june	june	PROPN
iiclr-17445	528	54	19	19	NUM
iiclr-17445	528	55	,	,	PUNCT
iiclr-17445	528	56	1989	1989	NUM
iiclr-17445	528	57	)	)	PUNCT
iiclr-17445	528	58	.	.	PUNCT
iiclr-17445	529	1	[	[	X
iiclr-17445	529	2	vol	vol	NOUN
iiclr-17445	529	3	.	.	PUNCT
iiclr-17445	529	4	2:385	2:385	NUM