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Thus, all countries shared a growing interest in lowering the value of the dollar relative to the yen as this movement would eliminate the U.S. / Japan trade imbalance and lessen protectionist demands. This development would suit everyone because it would finally result in higher exports not only for Japan but also for all other countries. In order to make this happen, all countries agreed to coordinate an intervention into their respective foreign exchange markets (Plazza Accord, 1985)
b) With Endaka, it became more and more difficult for Japanese carmakers to profit from cost advantages due to due to labor differences and technical efficiencies...
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