But can the devaluing yen is merely a secret tactic for Japan to go back before Plaza Accord ?
Because one of the Plaza Accord clause is to revalue the yen which kills Japan's economy, now there is a chance to reverse the yen. and Japan take it gladly
Absolutely.
That is what I believe. This was a dirty trick on behalf of the Japanese.
The Americans want the Japanese to decouple from China. For whatever reasons, Japan allows the Yen to collapse.
A Yen this cheap, makes Japanese products kind of permanent inside China.
So when the Americans demand Japan decouples from China, the Japanese will say in all honestly, they cannot do it because they too embedded in the China market.
The CCP probably had the same idea, a few months ago when the Yen started its collapse. When there was no hint of Japan trying to support the Yen, China called them out on it, and was threatening to devalue themselves.
Guess it comes down to who was more desperate, or who was more hungry, more willing to do what it takes.
