Plaza Accord
Takeshita was the minister of finance from 1979 to 1980, and he again accepted the finance position and was in office from 1982 to 1986. In this period, he achieved prominence as Japan's negotiator during deliberations which led to the agreement which is known as the Plaza Accord in New York. In the period Takeshita was finance minister, the Yen appreciated relative to other international currencies. The rise of the strong Yen ("endaka") enhanced Japan's status as a financial powerhouse and led to the Japanese asset price bubble of the 1980s.