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Suppose the spot and three-month forward rates for the yen are 113.65 and 113.18, respectively. b. What would you estimate is the difference between the

Suppose the spot and three-month forward rates for the yen are 113.65 and 113.18, respectively.

b. What would you estimate is the difference between the annual inflation rates of the United States and Japan? (A negative answer should be indicated by a minus sign. Enter your answer as a percent rounded to 1 decimal place, e.g., 32.1.)

Annual Inflation Rate Differential %

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