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Question: Why do you think the Japanese government permitted the to become so overvalued in the first half of the 1990s? Do you think they could have done anything about it? When the turnaround finally did occur, the fell 40% from 1995 to 1998 even though the dollar was rising only slightly relative to other major currencies. What caused this dramatic turnaround?

Microeconomics, Economics

  • Category:- Microeconomics
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