List of Tables - Preface - List of Acronyms and Abbreviations - The Yen Appreciation and the Japanese Economy - Interaction with the International Economy - Transformations in the World of International Banking and Finance - Acceleration in Foreign Direct Investment - Economic Assistance to the Developing Countries - The Yen Bloc - Notes - Bibliography - Index

The decision of the G-5 countries to appreciate the yen during the Plaza accord was of great significance for Japan because this was the sharpest appreciation among the leading currencies. The author assesses how both developing and industrialized economies felt the full force of this expansion.