Company X wishes to borrow U.S. dollars at a fixed rate of interest. Company Y wishes to borrow Japanese yen at a fixed rate of interest. The amounts the two companies require are roughly the same at the current exchange rate. The companies have been quoted the following interest rates, which have been adjusted for the impact of taxes:

After allowing for the bank's gain, what is the net gain for the two companies?

	Yen	USD
Company X	5.0%	9.6%
Company	6.5%	10.0%