4. The inflation rate in the U. S. is 3%, while the inflation rate in Japan is 1.5%. The current exchange rate is $1 equal to 105 Japanese yen. If purchasing power parity condition is existed, what is the new exchange rate for the yen?
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Home » Business » 4. The inflation rate in the U. S. is 3%, while the inflation rate in Japan is 1.5%. The current exchange rate is $1 equal to 105 Japanese yen. If purchasing power parity condition is existed, what is the new exchange rate for the yen?