The table below contains economic, financial, and business indicators from 2015:

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		4.4	%	4.4	%	4.4	%	3.2	%		4.4	%		4.2	%
Japan		2.4	%	-1.7	%	2.9	%	1.8	%		4.6	%		3.8	%
United States		2.7	%	3.7	%	2.9	%	2.5	%		1.7	%		4.7	%
		Consumer Prices									Interest Rates
						Forecast					3-month			1-yr Govt
Country		Year Ago		Latest		2015e					Latest			Latest
Australia		4.1	%	2.4	%	2.6	%				6.84	%		6.27	%
Japan		0.6	%	-0.4	%	0.0	%				0.58	%		1.67	%
United States		2.3	%	2.6	%	2.6	%				4.73	%		4.55	%
		Trade
		Balance			Current Account						Current Units (per US$)
		Last 12 mos			Last 12 mos			Forecast 15
Country		(billion $)			(billion $)			(% of GDP)			Oct 17th			Year Ago
Australia		-12.6			-46.7			-5.5	%		1.13			1.31
Japan		98.6			197.4			4.5	%		118.00			120.00
United States		-810.9			-793.2			-5.7	%		1.00			1.00

Assuming International

Fischerone

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