How The Economy Of Japan Could Predict The Next Decade
Economics Explained
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The American Dollar and Japan's Competitiveness
The plaze record was a plan to artificially lower the value of the american dollar relative to the currencies of west germany, france, the uka and japan. This would make American manufacturers more competitive globally and domestically. But why did Japan agree to something like this? The first reason is that they didn't have much of a choice. America got more competitive manufacturing, and japan got cheaper everything. When the yen appreciated in value, jap an was able to go on a shopping spree with its new, more valuable yen. In the space of three years, the relative value of the japanese people's money had more than doubled. If you were to lay
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