International Fischer Forecasts. Use the table containing economic, financial, and business indicators to answer the following questions. Assuming International Fischer-one version of Purchasing Power Parityapplies to the coming year, forecast the following future spot exchange rates using the government bond rates for the respective country currencies: a. Japanese yen/U.S. dollar in one year b. Japanese yen Australian dollar in one year c. Australian dollar/U.S. dollar in one year Assuming International Fischer-one version of Purchasing Power Parity-applies to the coming year, forecast the following future spot exchange rates using the government bond rates for the respective country currencies: Forecasting the Pan-Pacific Pyramid: Australia, Japan, and the United States Industrial Unemployment Gross Domestic Product Production Rate Forecast Forecast Country Latest Qtr Qtr 2015e 2016e Recent Qtr Latest Australia 4.6 % 4.2 % 4.1 % 3.8 % 4.8 % 4.2 % Japan 2.2 % -1.9 % 2.1 % 2.3 % 4.3 % 3.8 % United States 2.4 % 4.4 % 2.1 % 2.1 % 1.5 % 4.6 % Country Australia Japan United States Consumer Prices Forecast Year Ago Latest 2015e 4.5% 2.7 % 2.8% 0.8% -0.6 % 0.0 % Interest Rates 3-month 1-yr Govt Latest Latest 6.86% 6.24 % 0.58 % 1.69 % 2.9% 2.5% 3.2 % 4.549 4.56% Trade Balance Last 12 mos (billion $) =12.6 Current Account Current Units (per USS) Last 12 mos Forecast 15 (billion $) (% of cp) Oct 17th Year Ago -46.1 -5.6 % 1.13 1.39 197.5 4.7 % 115.00 121.00 Country Australia Japan United States 98.3 -810.9 -793.8 -5.4 % 1.00 1.00 Note: Unless otherwise noted, percentages are percentage changes over one year. Rec Qtr = recent quarter. Values for 2015e are estimates or forecasts International Fischer Forecasts. Use the table containing economic, financial, and business indicators to answer the following questions. Assuming International Fischer-one version of Purchasing Power Parityapplies to the coming year, forecast the following future spot exchange rates using the government bond rates for the respective country currencies: a. Japanese yen/U.S. dollar in one year b. Japanese yen Australian dollar in one year c. Australian dollar/U.S. dollar in one year Assuming International Fischer-one version of Purchasing Power Parity-applies to the coming year, forecast the following future spot exchange rates using the government bond rates for the respective country currencies: Forecasting the Pan-Pacific Pyramid: Australia, Japan, and the United States Industrial Unemployment Gross Domestic Product Production Rate Forecast Forecast Country Latest Qtr Qtr 2015e 2016e Recent Qtr Latest Australia 4.6 % 4.2 % 4.1 % 3.8 % 4.8 % 4.2 % Japan 2.2 % -1.9 % 2.1 % 2.3 % 4.3 % 3.8 % United States 2.4 % 4.4 % 2.1 % 2.1 % 1.5 % 4.6 % Country Australia Japan United States Consumer Prices Forecast Year Ago Latest 2015e 4.5% 2.7 % 2.8% 0.8% -0.6 % 0.0 % Interest Rates 3-month 1-yr Govt Latest Latest 6.86% 6.24 % 0.58 % 1.69 % 2.9% 2.5% 3.2 % 4.549 4.56% Trade Balance Last 12 mos (billion $) =12.6 Current Account Current Units (per USS) Last 12 mos Forecast 15 (billion $) (% of cp) Oct 17th Year Ago -46.1 -5.6 % 1.13 1.39 197.5 4.7 % 115.00 121.00 Country Australia Japan United States 98.3 -810.9 -793.8 -5.4 % 1.00 1.00 Note: Unless otherwise noted, percentages are percentage changes over one year. Rec Qtr = recent quarter. Values for 2015e are estimates or forecasts
