The inflation rate in us is 37 and the inflation rate in


The inflation rate in U.S. is 3.7%, and the inflation rate in Japan is 9.7%. The current exchange rate is 97 JPY/USD. If the purchasing power parity holds, what should be the new JPY/USD exchange rate at the end of the year?

Note that an indirect exchange rate is provided.

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Finance Basics: The inflation rate in us is 37 and the inflation rate in
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