Chapter 354 Preparations!
Time flies into June. Since the meeting, Jason and others have been planning to enter Japan.
Before September 1985, Japan was prosperous. After all, Japan claimed that it would buy the United States, and the United States also exclaimed that Japan might buy the entire United States. Although this is a joke in the eyes of Lin Yu and others, Japan is proud of this sentence. Many companies in Japan are working constantly and working hard for Japan to buy the United States, but no one will pay attention to whether Japan will be bitten a piece of meat during the process of buying the United States.
"I'll talk about our tasks in the past few months. This time, according to the person mentioned by the boss, we have to do everything possible to quietly transfer funds into the Japanese and Japanese governments as much as possible. At the same time, we cannot let the Japanese government, other consortium companies and banks discover that our large amount of funds have entered the Japanese and Japanese markets. So we must get yen in the Japanese and Japanese markets, and it is also taken for granted. So I want to hear what everyone can do?" Jason said.
"Is this possible? We set up a company, and then use import and export trade to get the funds in, and then enter the financial market. However, if the funds are too large, it will attract the attention of others." As soon as Jason finished speaking, someone spoke.
"Then can we apply for more companies? We can use these companies to introduce funds and then enter some more from the financial market, so that we should avoid arousing the suspicion of others." Another person thought for a while and said.
"I have a good idea," said John.
"What's the solution?" Everyone turned to look at John.
"I watched TV that day, and the TV said that many companies around the world, who did not have enough US dollars to hand over when purchasing raw materials, caused many business losses. Their funds were not lacking, but because most of their funds were stored in the country in Japanese yen. We can provide them with no money by branches in major financial cities in the world, so that they can deliver them in the form of yen to the funds we established in China. We can also use foreign exchange futures for physical delivery, preferably, and it is also forced to deliver due to our mistakes. In this way, we can turn all of these funds into yen. However, this operation must be good, otherwise there will be problems." John thought for a while and said.
"What do you think is the method?" Jason asked after a while.
"This method is good. You can try it." Everyone nodded.
"That's it. On the one hand, we set up a transfer fund for the bag company, and on the other hand, we do as much as possible as possible, so that we can eliminate other people's suspicion." Jason decided to say: "I will tell New York and London about this matter. And your current task is to find such companies in Japan and China. I hope you can see your reports. Okay, let's break up."
Hong Kong, Standard Chartered Bank headquarters.
"Boss, how much do you think we can gain this time? You must know that the funds we mobilized this time have paid a great price. If we cannot gain greater benefits, then this matter will be a big mistake for us." Sandy Will asked.
"Sandy, don't worry, I expect that if we can do it this time, our profit will be about twenty times, and if we don't do it well, we will have ten times the profit. As long as we can succeed this time,
It can help us struggle for ten years less, and of course we can draw blood from Japan and cut off meat. This is one of my goals this time. This time our goal is not only to make a fortune from the appreciation of the yen, but also to acquire several Japanese banks and some companies after the appreciation of the yen, and form an industrial network in Japan. At that time, we can form a large base in Japan. The reason for acquiring banks is that we want to turn Japan into a large ATM. In this way, we can use Japan to become bigger and stronger in Asia, and then we can become a powerful family-style financial consortium. Of course, all this requires your efforts." Lin Yu said with a smile.
Since 1980, there have been two changes in the U.S. economy. First, the foreign trade deficit has expanded year by year, reaching US$160 billion in 1984, accounting for 3.6% of the gnp that year. Secondly, the emergence of the government budget deficit. Under the influence of the double deficit, the U.S. government has introduced international capital to develop the economy by raising domestic basic interest rates. The large inflow of foreign capital has caused the US dollar to continue to appreciate, and the US export competitiveness has declined, thus expanding to the crisis of the foreign trade deficit. Under the pressure of this economic crisis, the United States hopes to strengthen the foreign competitiveness of US products by depreciating the US dollar to reduce the trade deficit.
High interest rates attracted a large amount of overseas capital to flow into the United States, causing the dollar to soar. From the end of 1979 to the end of 1984, the dollar's exchange rate rose by nearly 60%, and the dollar's exchange rate against major industrial countries exceeded the level achieved before the collapse of the Brettonson system.
The sharp appreciation of the US dollar led to a rapid expansion of the US trade deficit. By 1984, the US current account deficit reached a record $100 billion.
In the early 1980s, the US fiscal deficit increased sharply, and the foreign trade deficit increased significantly.
The United States hopes to increase the export competitiveness of products through the depreciation of the US dollar to improve the imbalance of the US balance of payments.
On September 22, 1985, the Treasury Secretary and the Governor of the Central Bank (G5) of the United States, Japan, the Federal Republic of Germany, France and the United Kingdom held a meeting at the Plaza Hotel in New York to reach an agreement to jointly intervene in the foreign exchange market by five governments, leading the exchange rate of the US dollar against major currencies to resolve the huge trade deficit problem of the United States. Because the agreement was signed at the Plaza Hotel in New York, the agreement was also called the "Stock Agreement".
After the signing of the "〖现〗〗 Agreement", the above five countries began to jointly intervene in the foreign exchange market, selling the US dollar in large quantities in the international foreign exchange market, which then formed a sell-off frenzy among market investors, causing the US dollar to continue to depreciate significantly. In September 1985, the US dollar was around 1 US dollar to 250 yen. Less than three months after the agreement was signed, the US dollar quickly fell to around 1 US dollar to 200 yen. After that, the US authorities represented by US Treasury Secretary Baker and financial experts represented by Ephid Bergsten (the director of the American Institute of International Economics at the time) continued to intervene verbally in the US dollar, saying that the exchange rate level of the US dollar was still relatively high and there was room for decline. Under the hint of the tough attitude of the US government, the US dollar continued to fall sharply against the Japanese yen, and at the lowest fell to 1 US dollar to 120 yen. In less than three years, the US dollar depreciated by 50% against the Japanese yen, which means that the Japanese yen doubled against the US dollar.
If Lin Yu knew that history could not make money, then he could really be reborn again.@.
Chapter completed!