Chapter 19: Economic Boom (1)
The significance of the Plaza Accord... was that a country directly intervened in exchange rates.
It’s even considered a successful move by the U.S. to suppress Japan as it surged forward.
Well, if you dig into it, it gets a bit complicated... but honestly, you don’t need to know the details.
What matters is the outcome. Don’t you think?
“Soon, the Japanese economy is going to spin like it’s lost its mind. So much so that our economic boom will look like a joke in comparison.”
That was the first thing I brought up when I met with Executive Director Ha Joo-seong again.
Whether it was because Grandfather had hinted at something or simply due to a newfound respect for my abilities, Executive Director Ha was acting much more polite toward me.
“Since the yen has appreciated... exports are out of the question. That means it’ll come down to the domestic market.”
Exactly.
Ha Joo-seong, who had worked at the Tokyo Stock Exchange, would understand what I meant.
Honestly, any Korean with a bit of sense could figure it out. If money doesn’t move outward, then... there’s only one place left for it to go.
Real estate.