Plaza Accord
(en)
(or, Plaza Agreement) between France, West Germany, Japan, the US, and the UK, to depreciate the U.S. dollar in relation to the Japanese yen and German Deutsche Mark by intervening in currency markets, in 1985
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plaza accord
By the Plaza Accord, struck in 1985, Tokyo was forced to appreciate the yen substantially in relation to the dollar, with the Deutsche Mark compelled to follow suit.
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7 years, 4 months ago
A period of healthy manufacturing growth in the United States began when the dollar was devalued in the Plaza Accord
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7 years, 5 months ago