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Fri Aug 24, 1:22 AM ET
TOKYO (Reuters) - A financially savvy Tokyo housewife who made 400
million yen (1.7 million pounds) trading in foreign exchange markets
was fined on Friday for evading tax, a court official said.
Yukiko Ikebe, 60, got a suspended jail sentence and was fined 34
million yen, after she used relatives' names to make her gains look
smaller and avoid paying tax, NHK said.
"She felt it was unfair to have to pay tax on her gains, when she made
losses some years," NHK quoted the judge as saying. "She spent the
money on kimonos and jewellery."
Forex trading has become more popular in recent years in Japan, where
low interest rates have led retail investors to seek new sources of
profit.
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