How America Crushed Japan’s Economic Rise

Japan was the biggest economic miracle in the 20th century just after the United States, but a grim turning point occurred when the Plaza Accord was signed.

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41 Comments

  1. The US would like to do the same to Chinabut the Chinese learnt a lesson from Japan and doesn't allow Chinese Yuan to float
    In this regard, China has probably protected their own export. They do have other issues, like propertt market though.

  2. Americans are responsible for ever bad thing that happened to Japan. They are the one that caused the Gempei war, the rise of Imperial Japan, who they then bombed. Ever since they have been playing friend while at the same time sabotaging Japanese economy. So it's kinda what they do with everyone else, even now.

  3. By lying :), until it became true because learning Japanese is not feasible. They did the same with China during Covid. In one year, the gap between the 2 tripled… according to western propaganda but the average city in China is New York

  4. You see the mistake Japan made was not to have other friends and interest around the globe……. It relied totally on exporting only to the west. China and it's leaders are very observant of events around the world, they saw this and learnt lessons from what the west and in particular America did.
    China had friends all over the world because it supported many independence movements as it was a nation that had Been humiliated by the west. Japan was also a former imperial power and it felt too arrogant to mingle with lesser nations. China's global ties meant it could call on other nations to support its own goals. It invested in infrastructure building which helped to open up new markets. Today America cannot do to China what it did to Japan, NEVER. China is lije the woman who is fighting back ferociously against a serial rapist and enraging that rapist in the process. America is the serial rapist and China the determined and brave woman.

  5. The fact also is that Japan could not have developed to that level in such a short period of time if not for the outpouring of patents, intellectual property, and technology from the U.S.A and US companies. It was the U.S.A. itself that made Japan develop to the point it did. The companies such as IBM, Honeywell, General Electrics played pivotal role in Japanese technology rise.

  6. Plaza accord was just a result. Geo political changes also made Japan's value decrease significantly. However, even after economic collapse Japan has so many opportunities to grow again but the country did nothing for over 30 years. To make Japanese economy crash is Plaza Accord's fault alone is very biased and irresponsible. Although by stopping giving away intellectual property, knowledge, and technology only to Japan, made huge impact on Japanese economy.

  7. I remember reading Serbian newspaper Politika back in the 90's and they often predicted that by 2030-35 China will be no.1 economy, it was long prediction like what will bein 40 years and obviously they were right even though they didn't predict EVs or AI or chip restrictions it seems the prediction was pretty accurate for now

  8. I bet the Japanese knew about it but too weak to stand up after kneeling the US for too long. In their subconscious the US help them to breath same with the Koreans and Filipinos.

  9. Give how the political leadership of Europe is willingly cutting off their own gas supply and abides by American sanctions on the Chinese (eg., ASML), it is not surprising that the Americans were able to convince the Japanese to shoot their own foot.