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
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.
notable
7 years, 3 months ago