Reported 10 days ago
Former Japanese currency diplomat Naoyuki Shinohara stated that any attempt by the Trump administration to achieve a coordinated depreciation of the dollar akin to the 1985 Plaza Accord is unlikely to succeed without the cooperation of China and Europe. As Trump's recent actions have alienated these key players, Shinohara emphasized the need for international collaboration in a globalized market, stating that the effectiveness of coordinated currency intervention has diminished and that Japan’s heavy reliance on U.S. exports could exacerbate potential economic damages.
Source: YAHOO