Wednesday, December 27, 2006

FX, a law of foreign exchange deposit money business

The foreign exchange business was the unsocialble exchange business that is permitted when I took permission, but a law is big, and it is revised in 1979, and foreign exchange, foreign business of foreign trade others do what is performed freely with basics, and, in Japan, it will be aimed at planning normal development of foreign business, balance of the international trade balance and currency stabilization for foreign business once by minimum management or adjusting it.
Foreign exchange and foreign trade method Article 1.
As a result, payment or a capital transaction are considered to be freedom as a general rule, and it is assumed that you must take permission of Minister of Finance when you are exceptional. Foreign exchange and 2 of foreign trade method Article 16 - Article 25.

I say the credit that it is possible for to receive foreign payment means to prescribe and foreign currency securities and in foreign currency credit, a foreign country or foreign currency payment to the foreign exchange which the government performs by foreign exchange fund special accounts method Article 1 foreign exchange and foreign trade method, the 228th 1949 law, Article 6 Clause 1. And I say an SDR to prescribe to SDR, International Monetary Fund agreement Article 15.
And I include the 191st law, business by a rule of Article 17 in participation to buying and selling, International Monetary Fund saying necessary gold and silver metal in the settlement of foreign payment and the International Bank for Reconstruction and Development in law, 1952 to relate to a step to be accompanied with.
And special accounts are installed I put a foreign exchange fund to do business with this, を including other business with International Monetary Fund smoothly, and I divide the accounting to relate to the administration with a general account, and to perform it especially.

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