Rebirth 79: I opened a bank in the United States

Chapter 988 Overwhelming Confidence

Author: Khurav

Chapter 988 Overwhelming Confidence

"Akio, I haven't contacted you for a long time. How have you been lately?"

After the Nikkei Index fell in early August, a more abnormal scene appeared!

There was no such thing as "Black Monday", where a de-bubble operation directly turned into a collapse-type stock market crash due to factors such as program trading and a storm that left a large number of stocks undelivered. There was no such thing.

Falling slowly, losing the frivolous part

The Nikkei Index has made a bizarre rebound since mid-August.

That's right, not only does it not continue to fall, but it is still correcting. This is obviously against the common sense of economics!

Carter can understand the occasional rebound. After all, there is always market confidence, not to mention Japan, which is now in the "expansion" stage. This market confidence can be said to be unprecedentedly prosperous!

But rebound, rebound, what is "rebound"?!

It’s called bombing when it has its ups and downs!

It keeps rising, what’s going on?!

After training, Carter decided to ask around these questions.

"It's the same as usual! I recently transferred to the sales department, otherwise you wouldn't be able to get through to me at this point!"

Akio, who had already returned to Toyota Company, sighed leisurely. He did not complain about anything. According to his resume, during this period, like Toyota's 70,000 employees, he did not receive any preferential treatment and worked entirely on his own.

Just listen to these words!

Maybe this is the case at work, but these people naturally have an advantage that other migrant workers cannot match, that is: if they have achievements, they will definitely be seen!

"Hahaha, do you think sales work is easy to do?"

"In general, Japan's car market is relatively saturated. To be honest, selling cars in Japan is not very easy. Especially in recent years, consumer psychology has changed. If you don't buy some imported cars, it seems that they have no quality. The recent Mercedes-Benz

Similar brands sell very well in Japan! I have been studying their sales data recently."

"You are so patient. Have you paid attention to Japan's stock market recently? That was your old job!"

"You mean to raise interest rates, right? I heard that interest rates should be raised again recently. Japan is really crazy now! This emotion needs to be suppressed!"

After all, he is also someone who has worked in an American investment bank. When he heard Carter's words, Toyoda was reminded of the recent big moves in Japan's finance. And regarding such a problem, he had nothing to hide, so he directly transferred himself from Mitsui

The news was relayed to Carter.

"Yes, Michio Yasuda has also talked to me about these things recently. It would be a good idea to raise interest rates. I am calling this time because I am a little curious about where the money in Japan's current stock market comes from. The news of interest rate hikes

As soon as it comes out, I think any institutional investor will realize the smell of the stock market falling. At this time, they will increase their efforts to go long, which is unrealistic. But now, what your Japanese stock market has shown is to rise against the trend, so that

, as you said, the Bank of Japan has to raise the benchmark interest rate again to curb it."

Carter's voice was slow and slow.

Although Japan and the United States are both capitalist countries, they are both capitalist countries and there are differences. For example, the United States, although it has various trade protection measures, is essentially a free market capitalist country.

.Simply put, domestic and foreign currencies can be easily exchanged, the market is relatively open, and capital liquidity is high.

But Japan is different. Japan has never been a free market capitalist country from beginning to end. Even before, under the pressure of the two finance ministers Reagan and Baker, it began to reform the financial system. Now it is only in the domestic sector.

Restrictions on foreign investment remain ridiculously high, and the exchange of domestic and foreign currencies is also severely restricted.

There is no room for foreign capital to enter and make a fortune. In other words, the interests are not related. In other words, they are not strongly related. Then there are some questions that Carter dared to ask and Akio Toyoda dared to say!

"I'm very curious now. Is Japan's private consumption power so strong now? Where do their funds come from? I roughly compared the average annual income with the current market capitalization of the Japanese stock market. There are a lot of things in between.

Significant difference!"

"The consumption power is considered strong! It's hard to say how it will develop in the future, but in the past, including now, it was very easy to get loans. For example, when I transferred to sales, there were many customers whose qualifications did not meet the standards.

, their loan applications can also be easily approved.”

"Why?"

Carter didn't understand, although he guessed that the fictitious difference most likely came from the loan.

Stock trading with loans sounds crazy and unbelievable, but think about it, isn't Japan today in a crazy era that is unique in history?!

It may not be impossible to borrow money to speculate in stocks!

However, customers with poor credit qualifications can also easily obtain loans. This is a very familiar smell: subprime loans, isn't this?!

"What else could be the reason? The bank's money can't be sent out, but the Bank of Japan is putting a lot of pressure on it, so we can only find ways to lower the credit threshold. But it's okay. I took a look at these loans.

Usually there is a mortgage, at most it’s a house!”

“As long as the property market does not collapse, the risk of thunderstorms for these subprime loans is not that great.”

Hearing this, Carter was a little silent.

People in this era seem to have certain limitations. Perhaps like most people think, in Toyoda's view, although he smells a crisis, in his mind, the Japanese government will definitely support the property market.

of.

Then, if the value of the property does not fall, the value of the mortgage will not fall. And this will support the huge number of subprime loans.

At the same time, Carter also keenly noticed another message mentioned in Toyoda's words: the bank's money cannot be released, but the Bank of Japan is putting pressure on it.

Also as a bank owner who was not a small but now can be called a medium-sized bank, Carter himself also experienced the time when the bank's money could not be extended for loans.

This question doesn’t require too many questions. After chatting for a few words and hanging up the phone, Carter began to think about this question alone.

First of all, there are just a few reasons why banks cannot lend money: first, the interest rate is too high, and others dare not lend money; second, there is insufficient market confidence and people dare not lend money, and people will worry that if they take out a loan, they will lose their jobs and will not be able to pay back the loan.

What should I do if I don’t have the money? Third, residents have a lot of savings. People don’t need to borrow money to buy anything. They can just pay the full amount.

This third point usually does not appear. After all, desire is always infinite!

But the first and second points are obviously inconsistent with Japan's current performance!

You know, Japan has lowered its benchmark interest rate to about 2.5% since 1986. In this era, this interest rate is a very low benchmark interest rate in the world.

As for confidence, let alone confidence. In a book titled "Japan Can Say No" published in January this year, there is this passage: "Although the post-war world has always been led by the United States, in the 21st century,

I’m afraid Japan will take the lead!”

The sales volume of this book is extremely terrifying, which shows.

There are quite a few readers who accept this point of view, or agree with it!

Japan’s confidence is already off the charts, isn’t it?!

(End of chapter)