In the manufacturing sector, corporate profits have recently been growing rapidly, helped in part by developments in foreign exchange rates, and stock prices are firm, as are those in the nonmanufacturing sector (Charts 11 and 12). It should also be noted that Japan’s net income from the rest of the world exceeds the historical peak (Chart 13).
Their modus operandi include shipping prepaid cards denominated in foreign currency into the country, and facilitating the funding of these cards from other prepaid cards or any other international payments channel. Another instance is the proliferation of non-bank payment gateway service providers. These entities based across the globe acquire merchants in any country.