Question: Between 1 9 9 2 2 0 1 6 , the exchange rate of JPY to USD moved from JPY 2 4 9 . 0

Between 19922016, the exchange rate of JPY to
USD moved from JPY 249.05/USD to JPY 116.34/USD
q During the same period, the CPI 80.75 to 97.72
q The CPI in the US moved from 56.06 to 117.07
q What is the PPP exchange rate of USD in terms of
JPY in 2016?
q What was the real exchange rate of JPY (in terms of
USD) in 2016?

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