this post was submitted on 10 Apr 2025

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The last time an Asian country made a deal with America (lemmy.ml)

submitted 3 months ago by yogthos@lemmy.ml to c/economics@lemmy.ml

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[–] davel@lemmy.ml 4 points 3 months ago

[–] Fizz@lemmy.nz 1 points 3 months ago (1 children)

What are you trying to imply with this?

[–] yogthos@lemmy.ml 3 points 3 months ago

What the graph shows, which is that the US destroyed Japan's economy with Plaza Accord.

[–] humanspiral@lemmy.ca 1 points 3 months ago

It wasn't a trade deal. It was a USD currency devaluation deal. This did affect Japan by reducing the affordability of their exports to US. https://en.wikipedia.org/wiki/Plaza_Accord#/media/File:US_Dollar_Index_DXY.webp