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Suppose that the rate of inflation in Japan is 3% in 2017. If the rate of inflation in France is 4% during 2017, by how

Suppose that the rate of inflation in Japan is 3% in 2017. If the rate of inflation in France is 4% during 2017, by how much would the yen strengthen relative to the euro if relative PPP is satisfied during 2017? (Round to four digits).

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