Council on Foreign RelationsWashington, D.C. MR. SULLIVAN: At least I had the bravery to give that speech at Brookings rather than at CFR. So — (laughter) — Mike, I want to say thank you for having me back at CFR. And to Susan and Kurt and Charlene and Steve, thank you for having me back…
In the 80s, Japan was poised to be a genuine economic rival to the USA. There’s a reason so much media from the 80s depicts the Japanese with the same fear that modern media depicts China, the cyperpunk genre being the most lasting example.
But then the Plaza Accords cratered the Japanese economy
Sorry, at what point did the US benefit, let alone cause the lost decade?
In the 80s, Japan was poised to be a genuine economic rival to the USA. There’s a reason so much media from the 80s depicts the Japanese with the same fear that modern media depicts China, the cyperpunk genre being the most lasting example.
But then the Plaza Accords cratered the Japanese economy
https://kendawg.medium.com/how-the-plaza-accord-helped-the-us-destroy-the-japanese-economy-b4b24c20a9af