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As of today, the spot exchange rate is 0 . 8 0 / $ and the rates of inflation expected to prevail for the next

As of today, the spot exchange rate is

0.80 /

$ and the rates of inflation expected to prevail for the next year in Japan is

9 %

and

10 %

in the US

.

What is the forecast for what the exchange rate will be in one year if the PPP holds?

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