40 years after Plaza Accord, Japan still at mercy of forex swings

TL;DR Japan’s inflation woes, partly stemming from the Plaza Accord, are exacerbated by a weak yen. The accord, aimed at devaluing the dollar, led to a rapid yen appreciation, harming Japan’s export-oriented economy. Despite efforts to weaken the yen through monetary easing, Japan’s economic growth remains sluggish, and its status as a developed nation is at risk.