Chapter 355 Japan under the Plaza Accord!
On August 25, 1985, Lin Yu also rushed to Japan. This was the first time Lin Yu has entered Japan since he was reborn. However, of course he could not go empty-handed when he went there for the first time. Lin Yu prepared a big gift for his Japanese friends.
The day after arriving in Japan, Lin Yu held a meeting with the executives below in a company established by Jason and others.
"Our goal this time is to prepare funds for my order before the yen appreciates. As long as the time comes, we can start. According to reliable information, the US Treasury Secretary has held talks with the German Treasury Secretary in Berlin, and France and the UK are also involved. There is another very important news, that is, the Japanese Tibetan minister, that is, the Treasury Secretary Takeshita has gone to the United States. According to the accurate information provided by our eyeliner, Takeshita Den made an appointment with someone to go to the United States before going to the United States.
The frigate played, then flicked the ball and headed straight to the airport, wearing a golf jersey. The driver's president of the Central Bank of Japan cut a large mask to prevent it from being identified by the media. From this, it can be judged that the Japanese government had expected the appreciation of the yen, and it is certain that many Japanese consortiums also knew the situation. So this time we will take advantage of our relatively hidden advantages to catch them off guard and get the greatest benefit. Who has any questions?..." Lin Yu said and looked at everyone.
This meeting was obviously more than those who attended the meeting before in Hong Kong, but only a few people were added. These people were all under Lin Yu's commanders. In this operation, each of them had their own tasks and their own unique value.
"Boss, we can now tell from this information that Japan will definitely appreciate the yen recently, but who can tell which day it is? We mainly need to determine this time. If we know this time, we can formulate specific plans and use a series of methods to operate "in the end to get the maximum profit. If we can't know, then we can only fight an ambush, and the longer the ambush, the more unfavorable it is for us..." John said.
"Don't worry about time. I will notify everyone at that time. The five governments will officially announce the agreement they signed. Of course, our intelligence personnel will give us some clues at that time. I think the Japanese chaebols are not particularly clear about this issue. We can use this place to fight a perfect economic war. I hope everyone will work harder. Now let me talk about our financial situation. Most of our current funds are bought in Japanese companies' outstanding shares in Japanese companies in yen. According to the recent situation of the Japanese stock market, the stocks we hold have increased significantly, and our assets have increased by about sister. John, your next task is to turn the stocks we have in our hands into Japanese yen cash within a week. When we buy, we buy them more scattered, so your task will not be very difficult. Uncle Jason, you are responsible for investigating the recent Japanese and major consortiums.
The funding situation, especially their capital flow, and you also need to judge how much their capital flow is related to the upcoming appreciation of the yen, so that we can judge the Anli of our future opponents through their information. Sandy, you are responsible for preparing the funds provided to put in place so that we can launch an attack at any time. Clyde, your character is to keep a close eye on the news from the United States and see what the actions of the United States are like. "In addition, we should support our own people in the United States." Keen, you are responsible for contacting major banks in Tokyo, find ways to lend money in foreign currencies through various means, and also responsible for the outflow of funds after we speculate on the yen. In addition, Jim, you are responsible for inspecting Japanese companies, real estate industries and banks. We have to acquire some Japanese companies after Japan's losses..." Lin Ning arranged the task.
"Oh. By the way. Uncle Jason, do we have employees in Japan?" Authentic Japanese..." Lin Yu asked.
"Hmph, we have also recruited middle and lower-level employees in Japan. As for the senior employees, we have not recruited them. After all, we are not familiar with this place..." Jason replied.
"That's good, Uncle Jason, arrange for someone to collect the situation of some Japanese companies, remember that this time it mainly involves high-tech, heavy industry groups, banks, and real estate companies that own large tracts of land in Tokyo." In addition, we will soon carry out large-scale acquisitions and recruit middle-level managers. If we are responsible, we will face the problem of insufficient management after our large-scale expansion.
"Lin Yu said.
Jason nodded, saying that he had attached importance to this matter and would soon be able to train a mid-level manager.
On September 22, 1985, the newly appointed U.S. Treasury Secretary Donmus Becker and West Germany, Japan, France and the United Kingdom held a secret meeting at the Plaza Hotel in New York. The Treasury Secretary of the Five Nations decided to depreciate the US dollar. The General Secretary signed the so-called "Platform Agreement". The agreement pointed out that it is recommended to further strengthen mutual cooperation and reasonably increase the value of non-US dollars. After the agreement was signed, the five governments began to sell the US dollar significantly. At this time, because Lin Yu prepared well in advance, he made a lot of money from the "Platform Agreement".
It is said that at the square meeting, then Japanese Finance Minister Tori Takeshita said that Japan was willing to assist the United States in using market intervention to lower the dollar exchange rate, and even said that "depreciation is 0k".
After that, the US government authorities led by US Treasury Secretary Baker and experts represented by Ferzed Bergsten, director of the US Institute of International Economics, continued to intervene verbally in the US dollar, saying that the exchange rate level of the US dollar was still relatively high at that time 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. The "Platform Agreement" opened the prelude to the rapid appreciation of the Japanese yen.
In 1985, the yen exchange rate was 2.5 million US dollars, and within 3 months after the "Platform Agreement" came into effect, it quickly appreciated to around 200 yen. The increase was at the end of the year. The US dollar against q yen, and reached the highest of 1 US dollar to reach 1 US dollar to the Japanese yen in 1987. Judging from the nominal exchange rate of the Japanese yen against the US dollar, from February 1985 to 1988, it appreciated 111%; from April 1990 to 19
In April 1995, the appreciation was 89%: from August 1998 to December 1999, the appreciation was 41%. Judging from the actual effective exchange rate of the yen, the appreciation was 54% from the first quarter of 1985 to the first quarter of 1988: from the second quarter of 1990 to the second quarter of 1995, the appreciation was 51%, and from the third quarter of 1998 to the fourth quarter of 1999, the appreciation was 20%. The rapid appreciation of the yen is definitely rare in the world.
"Boss, we have already opened a full position to make long yen, and the carrying rod has been adjusted to the maximum. Now it is on the verge, because if the yen has a big rebound, we will completely lose all of it. And the funds we have raised so much money will be exchanged for US dollars for 800 billion." Jason, as the commander-in-chief, said to Lin Yu.
"It's okay, Uncle Jason, believe me, we will definitely win this time." Lin Yu said confidently.
"Then let's continue to buy according to this position?" Jason confirmed again.
"Well, I also invest the money Keen borrowed from other banks, so that the profit can be maximized." Lin Yu said.
Keen, in the name of the company, borrowed a total of 48,000 yen B, which was exchanged into US dollars, which was 20 B. Although 20 B had a little less funds compared to Lin Yu's more than 10 billion US dollars, Lin Yu knew how capable these 20 B dollars could be in the financial market. And the most important thing is that when borrowing money, it was borrowed in US dollars, but when repaying it, it had to repay it in JPY. In other words, Lin Yu borrowed 4800 billion yen from the Bank of Japan, and when repaying it, it only needed to repay 2,400 yen. The net profit of 45,000 yen in three years is definitely a big profit for Lin Yu.
I made 45,000 Bamboo B yen in three years. Is there any more money-making deal? On September 21, the day before the Plaza Agreement, the exchange rate of the Japanese yen was one dollar for more than 240 yen, but at the end of September, it dropped to one dollar for 216 yen, and the rapid appreciation of the yen was lingering.
Jason turned around and continued his work, leaving Lin Yu alone thinking and calculating what, but because he was very busy, no one noticed this again.
Lin Yu's prediction was accurate again, this time it made people speechless about him because people could not imagine what words to describe him. On the second day after the official signing of the Plaza Accord, the exchange rate of the US dollar against the Japanese yen immediately fell by 43%, which was a huge victory for them, because after this day their funds changed from $15 billion to more than $70 billion, which means they made net profits of nearly $500 B for each other. For these traders, they made such a perverted money
The method is really unseen. Even in the two things of Canadian dollar and British strike, neither of them made money as quickly as they made money now. However, there is also a component that they calculated less, that is, the US dollar has depreciated the whole world. However, when they withdrew their funds, the market immediately responded, and a large amount of funds followed. It is said that many Japanese banks did not store so much US dollars. Of course, in the end, Lin Yu only exchanged more than one billion US dollars, while Lin Yu had all exchanged for Japanese yen and did not move.@.
Chapter completed!