Computing forward rates-inflation rates

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Suppose the spot and three-month forward rates for the yen are ¥79.85 and ¥79.16, respectively.

What would you estimate is the difference between the annual inflation rates of the United States and Japan? (Negative amount should be indicated by a minus sign. Round your answer to 1 decimal place. (e.g., 32.16))

Annual inflation rates %

Reference no: EM13129897

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