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40 Years After Plaza Accord, U.S.-Japan Exchange Rate Risks Remain

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By Shuntaro Murase / Yomiuri Shimbun Staff Writer

17:00 JST, September 21, 2025

Monday marks the 40th anniversary of the Plaza Accord, under which the Group of Five countries — Japan, the United States, Britan, France and then West Germany — decided to correct the excessive appreciation of the dollar through currency adjustments.

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