# China urged to avoid cautionary tale of Japan and the Plaza Accord in currency deal with US | South China Morning Post

> Analysts are urging China to learn from the 1985 Plaza Accord, under which Japan agreed to a currency deal with the US that is blamed for contributing to its lost decade. The comparison is being drawn because the US has reportedly demanded China limit yuan depreciation in a trade agreement.

- Date: 2019-02-26 · published 2019-02-26T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/60811-china-urged-to-avoid-cautionary-tale-of-japan-and-the-plaza-accord-in-currency
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Whether a currency clause is included in a US-China deal affects how durable Chinese purchase commitments for US farm goods will be.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-02-22 | [US wants a more stable yuan, China wants that too: Experts](https://feedsoft.ai/events/60807-us-wants-a-more-stable-yuan-china-wants-that-too-experts.md) | -0.4% | -0.4% |
| USDCNY | 2026-02-26 | [To win Europe's embrace, China needs to uncap the yuan \| Reuters](https://feedsoft.ai/events/7901-to-win-europe-s-embrace-china-needs-to-uncap-the-yuan-reuters.md) | +0.4% | +0.5% |
| USDCNY | 2018-07-19 | [Aquafeed.com \|
   

   
    CHINA - New tariffs on US soybeans unlikely to impact aquatic feed](https://feedsoft.ai/events/64111-aquafeed-com-china-new-tariffs-on-us-soybeans-unlikely-to-impact-aquatic-feed.md) | +0.7% | +3.2% |
| USDCNY | 2018-04-04 | [China, holding Treasuries, keeps 'nuclear option' in U.S. trade war](https://feedsoft.ai/events/65715-china-holding-treasuries-keeps-nuclear-option-in-u-s-trade-war.md) | -0.1% | +0.7% |
| USDCNY | 2025-09-30 | [Argentina’s soybeans are rewriting the trade story \| World Ports Organization](https://feedsoft.ai/events/23077-argentina-s-soybeans-are-rewriting-the-trade-story-world-ports-organization.md) | +0.0% | -0.3% |

## Sources

- scmp.com: https://www.scmp.com/economy/china-economy/article/2187773/china-urged-avoid-cautionary-tale-japan-and-plaza-accord

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.