For two decades, expectations that an appreciating yenwould restore external balance were repeatedly disappointed. At thetime of the December 1971 Smithsonian Agreement, 308 yen to thedollar was supposed to do the trick.
ولعقدين من الزمان أحبِطَت كل الآمال والتوقعات في أن يؤديرفع قيمة الين إلى استعادة التوازن الخارجي.