The exchange rate between the Japanese yen and the US dollar was a measure of the vitality of the Japanese economy, and of US pressure on Japan to allow the yen to increase in value, thereby in theory making it easier for American companies to do business in Japan. The most dramatic shift in value came after the Plaza Accord of 1985, when the dollar went from buying just under 250 yen to under 150 yen in two years.
Using this item
Te Ara - The Encyclopedia of New Zealand
This item is licensed under a Creative Commons Attribution-NonCommercial 3.0 New Zealand Licence
Add new comment