Another key phase in the efforts to redress the trade problems began in September 1985 with what was called the Plaza Accord.

There was also the Plaza Accord in September 1985, which used government intervention to sharply reduce the value of the dollar against the yen.

In the past due to the Plaza Accord, its predecessor bodies could directly manipulate rates to reverse large trade deficits.

September 22 - The Plaza Accord is signed by five nations.

One of the major reasons for the sudden appreciation of the yen was the Plaza Accord.

The Plaza Accord was signed in September 1985.

The prospect of trade restrictions spurred the White House to begin the negotiations that led to the Plaza Accord.

Following the conclusion of what was called the Plaza Accord, the yen nearly doubled in value.

That is what happened in the few years after the 1985 Plaza Accord, which sharply raised the value of the yen.

The plunge after the Plaza Accord caused few disruptions for Americans, and foreign investors did not demand higher interest rates on securities.