Recent commitment of most automotive brands on electrical vehicle market has led to an increase in global demand for semiconductor chips. Assuming Japan is the only global supplier for semiconductor and due to their increasing inflation, their central bank has conducted contractionary monetary policy to fight inflation, determine what would happen to the demand of Japanese Yen, supply of Japanese Yen and the exchange rate of Yen-USD in the foreign exchange market.
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Recent commitment of most automotive brands on electrical vehicle market has led to an increase in global demand for semiconductor chips. Assuming Japan is the only global supplier for semiconductor and due to their increasing inflation, their central ba