What is the expected difference between interest rates in the United States and Japan (do not need to see math, this can be answered in words and not numbers) are rates going up, going down or staying flat?

Japan should have 3% increase in interest rate.

Explanation:

When there is Higher interest rates lenders in the country's economy have a very higher return compare to other countries. Therefore, higher interest rates tend to attract foreign capital and this will also make the exchange rate to rise such as in the case of Japan with 3% increase in interest rate that United States of America.

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Explanation: