How Japan Was Destroyed With Plaza Accord

On September 22, 1985, the Plaza Accord was signed among the G-5 nations of France, Germany, the U.K., the U.S., and Japan with a goal to weaken the U.S. dollar in order to reduce the mounting U.S. trade deficit. Sounds like a noble cause, right? Well, that's just the tip of the iceberg. Because what unfolded next wasn't just a mere economic adjustment but a masterstroke that may have led to the unexpected and dramatic destruction of the Japanese economy. 00:00-01:04 – Introduction 01:04-03:31 – Japan’s Economic Ascension 03:31-05:17 – Genesis Of Plaza Accord 05:17-06:31 – The Consequences of the Plaza Accord 06:31-07:36 – Damage Control and the Bubble Economy 07:36-08:44 – The Lost Decade: Coping with Stagnation 08:44-09:30 – Conclusion #japan #economy #finance ABOUT It's the post-truth era where fake news is facts, here at Fact Something we talk about true facts. Please subscribe to our channel:    / @factsomething