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13. Equilibrium Exchange Rate - Assume that the Japanese government is planning to open the country to more international trading activity. More in detail, the

13. Equilibrium Exchange Rate - Assume that the Japanese government is planning to open the country to more international trading activity. More in detail, the Japanese government is planning to relax its controls on imports by Japanese companies. Contemporaneously, in an attempt to boost the economy after the pandemic, the Japanese government is seeking to increase the minimum wage. Discuss and explain the effects that these policies will have on the U.S. demand for Japanese yen, supply of yen for sale, and the equilibrium value of yen.

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