Under U.S. pressure, the Japanese government revalued the Japanese Yen 200% from end of 1985 through early 1988 to address the trade deficit U.S. had with Japan. Did it make any difference for the U.S.? What happened to the Japanese economy as a result of that revaluation? Professor Jiang Ruiping, Chairman of the Department of International Economics, at the Beijing-based … [Read more...] about Professor Jiang Ruiping:”Revaluation of Japanese Yen, a historical lesson to draw: analysis”
Hidden Harmonies China Blog
As China Re-Awakens, Finding New Harmonies in a Brave New World...