If the exchange rate shifts from £1 = 100 yen to £1 = 150 yen, assuming all other factors remain constant, how will the price of British products in Japan be affected?

Explanation

When the exchange rate changes from £1 = 100 yen to £1 = 150 yen, the British pound has appreciated relative to the yen. This means British goods become more expensive for Japanese buyers, causing the price of UK products in Japan to increase.