Re:The Great Unbundling
by Clewza313 on Saturday January 30, 2021 @09:08PM
(#25975081)
The Plaza Accords were a complete failure at their twin objectives of increasing US exports to Japan and decreasing Japanese exports to the US, neither of which happened.
They did trigger a wave of Japanese overseas investment and Japan's own asset bubble, leading to the Lost Decade when it burst, but these were hardly planned effects.
They did trigger a wave of Japanese overseas investment and Japan's own asset bubble, leading to the Lost Decade when it burst, but these were hardly planned effects.