ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Lessons from 'two Nixon shocks' of 1971 still valid for Japan

US-China relations and future of the dollar remain vitally important

U.S. President Richard Nixon announces a decision to end the convertibility of the U.S. dollar to gold on Aug. 15, 1971, altering the international currency regime overnight.   © AP

TOKYO -- Japanese people will not soon forget the summer of 2021, when the Tokyo Olympics took place amid a declared state of emergency prompted by the COVID-19 pandemic.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more