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0.4 pts In Singapore, the nominal short term interest rate is 4.50% and the inflation rate is 2.73%. In Japan the nominal short term interest

0.4 pts In Singapore, the nominal short term interest rate is 4.50% and the inflation rate is 2.73%. In Japan the nominal short term interest rate is 7.42% and the inflation rate 6.43%. What is the real short term interest rate in two countries?

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