The Plaza Accord: A Delicate Economic Balance

Japan was once on track to become the world’s largest economy, but after decades of stagnation, that future never came. From the post-war boom to the Plaza Accord, risk-averse business culture, and an aging population, Japan's rise and plateau have fascinated economists for years. Yet, despite its economic slowdown, the country still enjoys high job security, low inflation, affordable housing, and a high quality of life. But can any country remain stagnant forever without serious consequences? Or has Japan found a way to defy economic expectations? Let’s dive into the paradox of Japan’s economy and what it means for the future.

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