How Can Changes in the Market Price of Wealth Previously

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The Answer is When Japan's stock market lost value in the 1990s, American and European owners of Japanese assets lost value in their claims, while Japan's net foreign wealth increased. Similarly, exchange rate changes can have this effect. When the dollar depreciates against foreign currency, foreigners who hold dollar assets will see their wealth fall when measured in their home currencies.

How Can Changes in the Market Price of Wealth Previously

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