In the mid- to late 1970s the yen appreciated relative to
In the mid- to late 1970s, the yen appreciated relative to the dollar even though Japan’s inflation rate was higher than America’s.
How can this be explained by an improvement in the productivity of Japanese industry relative to American industry?
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in the mid- to late 1970s the yen appreciated relative to the dollar even though japanrsquos inflation rate was higher
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