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But like so many from countries with a poor foreign exchange rate, he cannot afford a subscription. He has a taxable $50,000 capital gain, which arises solely because of the change in the foreign exchange rate. The Bank of Japan further stated that the "foreign exchange rate in itself is not a direct objective of monetary policy," but also that the Bank "considers it is important to carefully monitor the development of the foreign exchange rate from the viewpoint of how it affects the economy and prices. |
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