As an investor you want to choose between two countries—Japan and South Korea. Suppose Japan’s nominal interest rate is 12 percent and inflation rate is 7 percent, while South Korea’s is 7 percent and...

As an investor you want to choose between two countries—Japan and South Korea. Suppose Japan’s nominal interest rate is 12 percent and inflation rate is 7 percent, while South Korea’s is 7 percent and 3 percent respectively. Where would you invest and why?