<Germany rejected Japan's and U.S. policies following the U.S. agreement after the Plaza Agreement> Subtitle: To the pro-U.S. vs. You in the pro-China frame
What's interesting about Japanese economic history is that the Plaza Accord made both the yen and the mark super-strong, but when the trade deficit didn't decrease, the U.S. pressured Japan and Germany to lower interest rates to boost domestic demand and buy American goods.
Japan's economy collapsed and has been in a patient state for 40 years, suddenly raising interest rates as the bubble grew out of control after maintaining low interest rates under pressure from the U.S. despite the bubble.
Germany blocked the bubble by raising interest rates, saying that the real estate bubble cannot be tolerated despite pressure from the United States.
As a result, the German economy has been on a roll and Japan has been in a mess for 40 years. Is it anti-American? Germany was friendly with Russia until the war in Ukraine, and it has been cooperating with China. Is it anti-American?
I'm not saying let's be pro-China. No other country in the world lives on strictly pro-Americanism, and that was the same with the Yoon Suk Yeol regime.
It may be easy to understand the world when you're stuck in a pro-American vs. pro-Chinese frame, but it's the way to reduce your vision to 1/100.
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