Plazza (dis)Accords (Part 2)
China's Diverging Path From Japan
The Plaza Accords
Now that we have set the facts straight, let's look at what is happening to Japan and why it is not applicable to China.
The Plaza Accord of 1985 was an “agreement” where the USA strong-armed Japan (and Germany) to essentially sabotage their industry through currency manipulation.
Per Investopedia:
The goal of the Plaza Accord was to wea…
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