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"The Institute of Developing Economies-JapanExternal Trade Organization (IDE-JETRO)organized a symposium in December 2008 on the theme ,“Engaging East Asian Integration :States ,Markets and the Movement of People ”.It was held in the wake of the Lehman Brothers collapse and in the midst of the deepening global financial crisis that originated in the United States .The crisis reminded us of other historic events that marked turning points in the history of East Asian region making .One was the Plaza Accord in 1985 which marked the beginning of the region ’s economic development and regionalization .The yen appreciated enormously in the wake of the Plaza Accord ,forcing Japanese firms —above all."