The Yen Appreciation and International Economy

Concurring with the decision of the G-5 countries to appreciate the yen during the Plaza accord was of momentous significance for Japan because this was the sharpest appreciation among the leading currencies in the recent past. Doubling the value of the currency in such a short time-span could have led to a stifling of the economy. Instead of being smothered, however, the Japanese economy-after the brief endaka recession-entered into the longest upswing of the business cycle of the postwar period. The primary focus of this book is the force of the post-appreciation Japanese economic expansion as it was felt by developing and industrialized countries. By 1989 the Japanese economy had emerged as the largest creditor nation, the largest giver of aid, and the largest economy making foreign investments. Becoming banker of the world, its banks and securities firms began to dominate international financial markets, and with 111 Japanese corporations in the Fortune 500 list for 1990, it also became an enormous corporate presence in the international economy.

UK Delivery:

• Free delivery on all orders of £10 or more.
• £1.49 delivery fee on orders below £10.
• UK orders are shipped via Royal Mail 2nd Class.

International Delivery:

• Flat rate delivery charges vary by country.

Dispatch and Delivery Times:

• All orders are shipped from our warehouse in Northampton, UK within 48 hours of receipt during working hours.
• UK mainland orders typically arrive within 3-5 working days via Royal Mail 2nd Class.
• International estimated delivery times:
• Europe & Channel Islands: 7 to 10 working days
• USA: 7 to 15 working days
• Rest of the World: 9 to 21 working days

View our full delivery infomation here.