40 Years after Plaza Accord, Japan Still at Mercy of Forex Swings

40 Years after Plaza Accord, Japan Still at Mercy of Forex Swings
Tokyo, Sept. 21 (Jiji Press)--Japan's current inflation woes, triggered by rising import prices, stem partly from policies shaped by the country's fear of a strong yen following the rapid appreciation of the currency on the foreign exchange market under the Plaza Accord 40 years ago. Under the Plaza Accord, struck on Sept. 22, 1985, Japan, the United States, Britain, France and then West Ge...