![]() The era through the 1990s became a golden age for Japanese cars. Many Japanese companies began to enjoy massive profits, and the domestic economy became incredibly active until it peaked in 1991.Īgainst that historical backdrop, Japan’s carmakers used their ballooning assets as backing to develop enthralling sports cars. ![]() This triggered massive shifts in the relative strengths of the nations’ currencies, with the yen skyrocketing in value against the dollar, and supercharged the growth of Japan’s bubble economy growth against a backdrop of low interest rates set by the Bank of Japan. One reason for that was the Plaza accord of 1985, a trade agreement that sought to correct for the Japan-US trade deficit. The 1990s saw a flood of new sports cars hit the Japanese market. That means that, among other things, drivers can import older cars with steering wheels on the right side into the United States, which would normally require all steering wheels be on the left without special dispensation. To put it simply, this is a law that states a car that is at least 25 years old can be legally imported into the United States even if it does not comply with Federal Motor Vehicle Safety Standards. ![]() One of the background drivers of this is the so-called “25-year rule” in the United States. Japanese sports cars from the 1980s to the 1990s have become popular worldwide, and are increasingly catching the eyes of collectors, particularly in the United States.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |