• PolandIsAStateOfMind@lemmy.ml
    link
    fedilink
    arrow-up
    6
    arrow-down
    1
    ·
    12 hours ago

    They also fucked up entire Japan economy (and kicked hard several others) with it in Plaza Accords, dollar is a weapon.

    • Yeather@lemmy.ca
      link
      fedilink
      arrow-up
      1
      arrow-down
      4
      ·
      12 hours ago

      Wikipedia disagrees with you. None of the other members of the Plaza Accords had an economic bubble. It blames the massive expansionary monetary and fiscal policies that lead from the Plaza Accords since Japan was now considered a major player in the international monetary system.

      • PolandIsAStateOfMind@lemmy.ml
        link
        fedilink
        arrow-up
        4
        ·
        edit-2
        12 hours ago

        None of the other member of Plaza Accords was so dependant on trade with US (especially Germany since German Mark was the second currency in question), so while i would maybe agree about others not being kicked that hard, but those accords were aimed specifically at Japan.