The Plaza Accord Role, USD Collapse

The Plaza Accord, a 1985 agreement among major economies to depreciate the U.S. dollar, played a significant role in the USD's decline. While the accord aimed to reduce the dollar's strength, it also contributed to the appreciation of other currencies, particularly the Japanese yen. This led to a complex interplay of factors, including the rise of the yen, which in turn may have contributed to Japan's economic troubles.