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This article needs to be updated. Please help update this article to reflect recent events or newly available information. Relevant discussion may be found on the talk page. (September 2022)
The idea that the Plaza Accord caused Japan’s economic decline has become something of an internet conspiracy theory. While the Accord did lead to a stronger yen, making Japanese exports less competitive, it wasn’t the main trigger for the challenges that followed. The Japanese economy overheated; easy credit and speculative investments in real estate and stocks pushed prices to unsustainable levels. Japan’s own policies were far more significant, as it created the conditions for the asset bubble.
I'm wary that certain actors are far too happy to edit the article so as to pin the blame on the Plaza Accord (and thus the US) in a way that very few proper economists would (even if the net can be scraped for some fringe sources). The Accord was just one minor piece of a much larger puzzle, with Japan’s “Lost Decades” shaped by a mix of global pressures and domestic decisions (plus, as of the last 15-20 years, Japan's continued economic slide has had more to do with demographics/lack of immigration, but I digress..). Tomsega (talk) 08:31, 7 December 2024 (UTC)[reply]
level-5 vital article is rated B-class on Wikipedia's content assessment scale.
