CHRONOLOGY

1985

Plaza Accord depreciation of USD to regulate the forex instability launched by the Nixon Shock of August 1971

 

GLOSSARY

Euro

EU single currency EUR yuro

high profile as alternative to USD its launch a major impact on Japan cf Acu, Ecu

fusai

borrowing liabilities in general

as beidoru fusai USD liabilities, yurishi fusai interest bearing debt

hisshi

inevitable

as beidoru boraku ga hisshi no yo desu a USD collapse seems inevitable

renkei

in co-operation in concert

as beidoru renkei tsuka USD linked currency, renkei pure team play

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