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Nippon Airlines needs to borrow 220m USD. It can borrow USD and JPY at 8% and 7% respectively. Boeing needs to 24.2b JPY. It can

Nippon Airlines needs to borrow 220m USD. It can borrow USD and JPY at 8% and 7% respectively. Boeing needs to 24.2b JPY. It can borrow USD and JPY at 6% and 7% respectively. Current exchange rate is 110.00 JPY/USD. Assuming each party has equal bargaining power, what is cost savings in basis points (bp) for each party?

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