When the revised foreign exchange law takes effect April 1, the public will be legally allowed to make the following transactions without prior authorization from the Finance Ministry:
1) Open bank accounts abroad in yen or foreign currencies;
2) Buy stocks and bonds directly from financial institutions abroad;
3) Conduct foreign currency exchange for commercial or private purposes;
4) Sell goods and services in foreign currencies;
5) Settle bills in foreign currencies;
6) Bypass banks for cross-border settlement of bills.
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