2min chapter

Economics Explained cover image

Has Japan Mastered Economic Stagnation?

Economics Explained

CHAPTER

The Plaza Accord: A Delicate Economic Balance

This chapter delves into the Plaza Accord, focusing on its role in managing currency values and trade imbalances between major economies, especially the US and Japan. It highlights Japan's compliance with the agreement despite its challenges, emphasizing the importance of maintaining a positive relationship with the US.

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