Indos
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What did they do?
The Plaza Accord or Plaza Agreement was an agreement between the governments of France, West Germany, Japan, the United States, and the United Kingdom, to depreciate the U.S. dollar in relation to the Japanese yen and German Deutsche Mark by intervening in currency markets. The five governments signed the accord on September 22, 1985 at the Plaza Hotel in New York City.
Plaza Accord - Wikipedia, the free encyclopedia
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After this one, in order to stay competitive, Japan started to relocate their industries into several East Asian and South East Asian Countries.