How Japan’s Economy Got Crushed With One Piece of Paper in 1985
In 1985, five finance ministers walked into the Plaza Hotel in New York and signed a single currency agreement — the Plaza Accord. Within two years, Japan’s yen had doubled in value, gutting its exports overnight. Tokyo responded with cheap money. The bubble exploded. And then it collapsed. Japan’s Lost Decade wasn’t an accident. It was a signature. #financialwarfare #Japan #PlazaAccord #economicwarfare #history