Derek Tosh and Yen-Dollar Parity. Derek Tosh is attempting to determine whether US/Japanese financial conditions are at parity. The current spot rate is a flat 89.00/5, while the 360-day forward rate is 84.90/5, Forecast inflation is 1.103% for Japan, and 5.905% for the US. The 360-day euro-yen deposit rate is 4704%, and the 360-day euro dollar deposit rate is 9.502% a. Calculate whether international parity conditions hold between Japan and the United States b. Find the forecasted change in the Japanese yen/U.S. dollar (W/5) exchange rate one year from now. a. Calculate whether international party conditions hold between Japan and the United States. The forecast difference in rates of inflation is [1% (1.8. higher than Japan). (Round to one decimal place)