Consider each of the following statements separately. How many of these situations will result in a devaluation of the yen?

(i) The Japanese government has stated its intention to reduce interest rates over the following year.

(ii) The Japanese decrease their imports from the USA.

(iii) Tensions rise between North Korea and Japan, regarding their support for the USA in an international trade dispute.

(iv) A well-known finance expert declares to the media that the Japanese yen is considered overvalued.

a. (iii) only

b. (ii) only

c. (i) only

d. None of these available answer choices is correct

e. (ii) and (iii) only