The complexity of the leading fractional bit of a power of a rational number

On a mailing list (math-fun) that I subscribe to Dan Asimov asked what's the most efficient way to calculate the leading decimal digits (say 10 of them) of $(p/q)^n \bmod 1$ where $p$ and $q$ are fixed (think of $p/q = 3/2$) and $n$ varies. There were a number of suggestions, but all of them clearly had complexity proportional to $n$. So my question is, for concreteness, let $b(n) = \lfloor 2(3/2)^n \rfloor \bmod 2$ (the leading fractional bit of $(3/2)^n$). Suppose that $n$ is specified in binary. What is the complexity (both time and space) of calculating the function $b(n)$? After thinking about it for a while I wouldn't be surprised if it's exp-space hard. Does anyone know anything about this?

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You may want to change that title: when I read the question on the home page, the first thing I thought is "what's the problem, the leading bit is always 1..." – Federico Poloni Jul 6 '11 at 9:19
@Federico, good point. I added "fractional" before bit. – Victor Miller Jul 6 '11 at 13:57