But the scales aren't the same on each graph, Japan has a final value of 1.2 while China is 1.5 but comparing the graphs by sight gives the impression Japan has a final value 3x that of China. Each graph should be normalized to the same scale if the intention is to compare the graphs against each other.
Japan's been doing "dirty float" since '73 to keep its exchange rate low, and have been reaping the benefits of the Plaza Accord for almost 40 years now to keep their exchange rate floating around 100-to-1 for USD and massively overinflating their asset values, but nobody writes op-ed polemics about it like with China, because Americans fucking LOVE cheap Japanese import cars and electronics.
But the scales aren't the same on each graph, Japan has a final value of 1.2 while China is 1.5 but comparing the graphs by sight gives the impression Japan has a final value 3x that of China. Each graph should be normalized to the same scale if the intention is to compare the graphs against each other.
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Japan's been doing "dirty float" since '73 to keep its exchange rate low, and have been reaping the benefits of the Plaza Accord for almost 40 years now to keep their exchange rate floating around 100-to-1 for USD and massively overinflating their asset values, but nobody writes op-ed polemics about it like with China, because Americans fucking LOVE cheap Japanese import cars and electronics.
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deleted by creator