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Essay text:
But after the first
and second oil crisis that occur from 1973 onward. The economy move downwards
partially due to the poor management of economic policy. Although the government
had attempt to adjust the economic policy but the recovery was slow. As the
soaring of yen continues the demand for export has increase tremendously. With
the concern of the United State of this problem, president Reagan and the G5
have signed an agreement with Japan called "Plaza Agreement" , the agreement
stated that the exchange rate of Japan and Deutschmark can appreciate against
the U.S. . Since then the yen value began to appreciate, Japan was going
through a period of trade balance adjustment...
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