Reborn in Hong Kong: The Tycoon Grows Up

The conversation changed so quickly, and it seemed that the other party wanted to bring the topic to his stronger side. As a famous economist in Japan and the president of the Bank of Japan, it is indeed ironic to ask a foreign man in science and engineering about the economic situation of his country. If it were anyone else, it would be really easy to fall out; after all, the question itself is inherently flawed.

But no one dares to regard Bao Zixuan as a pure science and engineering man, even if he has made considerable achievements in the field of science and engineering. A young man who started his own business from scratch for ten years can actually have a wealth comparable to that of European and American wealthy families who have lived for hundreds of years. How many people can do this? Therefore, Bao Zixuan will be defined as an economist throughout the world.

Although many economists do not want to think so, facts speak louder than words; the general trend is the trend, and they have no choice.

Bao Zixuan said with a smile: "As the president of the Bank of Japan, you are the most famous economist in Japan. You actually asked me about Japan's economic issues. It was really difficult to answer for a while."

"Mr. Sanchong is not an unreasonable person. There must be a reason to ask this. If you are wrong, just think of it as a big show in front of Guan Gong's gate. You are not overestimating your own abilities!"

Mr. Bao didn't necessarily want to answer. The other party obviously wanted to embarrass him. After all, Mie Yeyasu is one of the most thorough people in the world who has studied the Japanese economy. But retreating in the face of battle is not his style. And they want to convince the other party; at the same time, Blackstone Fund can escape unimpeded. The old boy in front of him must be suppressed from all aspects.

If you can't do this, you will still make money. But if you want to transfer all the money, it will take an extremely long time. The county magistrate is not as good as the current one. As the president of a country's central bank, the other party has a lot of power.

Mie Yeyasu said with a smile: "Bao Sang is really too humble. Although you are not from a major in economics, your control of the world economy is definitely at the level of a top expert. As for your views on the Japanese economy, you have to earn money from The clues can be seen in huge profits. It doesn't matter how good you say it, the key is to see who can make the money."

"The two companies, Blackstone Fund and Black Cloud Group, have more profits in Japan than any other company. There is a proverb in China that bystanders know clearly, but those in power are confused. You are not Japanese, so you may be more objective in many places."

Although he said so, his expression betrayed it. As the president of the Bank of Japan, he will not change his face even if the mountain collapses, but at least he will not show it. As for why this happened, it was obviously for Bao Zixuan to see.

The meaning is obvious, he is an authority in Japan's economic field. When I talked to the world's richest man before, I really didn't have any advantage at all. I had just gained some confidence in my language, but I was completely beaten by others' understanding of my books. Now that he has finally come to the field he is most familiar with, he will definitely regain the face he lost before.

Bao Zixuan said with a smile: "Now that I have said everything, I will just do my best."

"From the end of 1979 to the end of 1984, the U.S. dollar exchange rate rose by 60%; the U.S. dollar against the currencies of major industrial countries exceeded the level reached before the collapse of the Bretton Woods system. The U.S. dollar was too strong, causing U.S. exports, especially manufacturing exports, to suffer It was a heavy blow.”

"Whether a country's local currency exchange rate appreciates or depreciates, it will have both good and bad effects. The depreciation of the local currency is good for exports but bad for imports; the appreciation of the local currency is bad for exports, but good for imports."

"At the same time, the appreciation of the local currency helps domestic companies expand overseas. For Japan and Germany after the Plaza Accord, the most obvious thing is Japanese and German companies and individuals; the money in their hands can be exchanged for more U.S. dollars. U.S. dollar assets have become super cheap in their eyes. So they buy, buy, buy; this is not consumption, but the acquisition of assets. For Japan, which has experienced rapid economic growth for thirty years and has firmly ranked as the second largest economy in the world; Japanese capital is ambitiously going global at this time, and the appreciation of the yen will do more good than harm to these capitals. Japan has indeed taken advantage of the appreciation of the yen to buy a large number of high-quality assets in the United States."

"Looking at it from another perspective, the countries that signed the Plaza Accord with the United States were not just Japan, but also Germany, France, and the United Kingdom. People only paid attention to the sharp appreciation of the yen against the U.S. dollar after the Plaza Accord, but they did not know that Germany The mark and the currencies of the other three countries also appreciated significantly. For comparison, in 1985, 1 US dollar = 240 yen. Three years later, in 1988, the yen appreciated to 1 US dollar = 120 yen. In three years, the yen doubled in value. "

"At the same time, the increase in the German mark was even more exaggerated than that of the Japanese yen. It appreciated from 1 US dollar = 3.5 German marks in 1985 to 1 US dollar = 1.6 German marks in 1988, an appreciation of nearly 1.4 times."

"The Bank of Japan significantly lowered its benchmark interest rate from 5% to 2.5% within a year and a half after the Plaza Accord, and allowed rampant currency speculation without proper supervision. At present, major Japanese banks are also using their currencies to continue to appreciate. Land is used as a guarantee to lend large amounts of money to debtors. The rise in land prices also increases the landowner's book property, stimulating consumption desire, thus leading to an increase in Japanese consumer demand."

"The total market capitalization of the Japanese stock market currently reaches 130% of that of the U.S. stock market. 14 of the top 20 listed companies with the largest market capitalization in the world are Japanese companies. On the surface, the Japanese economy is very prosperous, but you must know the hidden dangers better than me. After all, Japan Compared with the United States, there is still a certain gap in GDP; and the market itself is not as large as that of American companies."

"As for revenue, there is not much advantage. Therefore, the stock price is not very reasonable, and the market should return to rationality."

"I know that you still can't make up your mind. After all, the chaebol family and Wall Street capital have not completely withdrawn."

"Japan's urbanization rate is close to 80%. It can be expected that the new urban population in the future will be very limited; more importantly, Japan is aging rapidly. The country's future housing demand will definitely be less and less, so maintaining housing prices at such a high level It makes no sense at all!”

After hearing Bao Zixuan's analysis, Mie Yeyasu couldn't calm down for a long time. After all, what the other party said is very similar to what I really think in my heart. If we do not make up our mind, Japan as a whole will lose even more.

In fact, Mr. Bao also has his own selfish motives. Once Wall Street capital is locked up, he may suffer heavy losses in Japan. Then after the reunification of the two Germanys and the disintegration of the Soviet Union, the funds they can mobilize will naturally decrease accordingly.

By then, Blackstone Fund and Black Cloud Group will occupy an absolutely dominant position, and only God knows how much profit they can earn.

Currently, the Bank of Japan president still has many concerns. I don't want to offend too many people and ruin my career. It is easy to say that the bubble has been burst; but there are only a few people who really dare to take action and can do it.

Mie Yeyasu said with a smile: "Isn't Bao Sang worried that the Bank of Japan will make some actions that will cause losses to the interests of the Blackstone Fund?"

If people don't do it for themselves, heaven and earth will destroy them. Bao Zixuan is definitely not a living Bodhisattva. First of all, it must be for his own benefit. As for the life and death of other people, it has little to do with him. He is definitely not so kind, there must be some unknown secrets.

Bao Zixuan said with a smile: "Blackstone Fund has already started selling stocks and real estate, and it has already recovered its capital as early as half a year ago. No matter how much it sells now, it is pure profit."

"In addition, the properties and stocks currently held are all high-quality assets. There may be some decline in the middle, but in ten or twenty years, you can naturally make money back."

"So there's really nothing to worry about. I think you should understand what it means."

Although the words are a bit crazy, they are indeed true. After all, Bao Zixuan has already made too much profit through the Japanese market, and he really doesn't care how much is left.

Then I thought something was wrong. No matter how much money I had, I didn't want to see the profits slip away from me. This is just to talk in a spacious place, and I don't want to be so passive.

Blackstone Fund still has too many real estate and stocks that it has not sold, and it may be an ambush.

Mie Yeyasu said with a smile: "Bao Sang is really open-minded. It seems that my worries are a bit unnecessary."

There was obviously something behind the words, it could be said that both of them started to become mysterious.

Bao Zixuan said with a smile: "Perhaps Mr. Sanzhong may not believe it, but this is the fact. There is really not much real estate and stocks currently held by Blackstone Fund."

"Just yesterday, there was a targeted sell-off of nearly $20 billion in Japanese company stocks."

After speaking, he showed the signed equity transfer agreement to Mie Yeyasu. I just want to let the old boy know that the so-called blockade may be of no use at all; on the contrary, it may be counterproductive!