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Assume the US government security with 1 year maturity (nominal interest rate) is 2% and Japanese government security with 1 year maturity is 4%. Regardless

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Assume the US government security with 1 year maturity (nominal interest rate) is 2% and Japanese government security with 1 year maturity is 4%. Regardless of the current exchange rate (US\$ as a base), if you apply the International Fisher Effect to predict the exchange rate, US\$ will against Japanese Yen. appreciate depreciate

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