Reborn in Hong Kong: The Tycoon Grows Up

Chapter 1714 Bank raises interest rates 1

Fortunately, the negotiation with Bao Zixuan was very pleasant today, and we even received tens of billions of dollars in investment from the other party. Of course, people also have requirements. While they cannot be exposed, they must make huge profits. But as long as he can get online, everything is worth it; and there are other projects waiting for him. I believe that with the layout and cards of Bao Zuofu, he will definitely not disappoint.

The continued sell-off by Blackstone Fund has not cooled down the stock market; it is even still rising to a certain extent. But it seems that something is wrong; it may also be that the stock price is too expensive and the funds in hand are slightly insufficient; the increase is not as rapid as in the past few days. But as long as prices continue to rise, Wall Street fund companies can accept it.

The stock market needs an adjustment period and cannot continue to rise forever; don't say it is still rising, even if it falls a little; for old people who have been in the financial industry for many years, it is not unacceptable.

In one week, the Nikkei Index has reached 38,990 points, reaching 39,000 points; looking up to 40,000 points is just around the corner.

When the market is closed on weekends, staff at the Tokyo Stock Exchange can rest; but at the Bank of Japan headquarters not far away, no one dares to rest. Because President Mie Noyasu requires everyone to be on duty at all times, and no leave is allowed unless there are extremely special circumstances.

In order to maintain confidentiality, all connections between the Bank of Japan headquarters and the outside world have been cut off. Of course, in order to avoid unnecessary trouble, a line was still reserved; it was at Mie Yeyasu's office. As the central bank of Japan, if there is no news at all, the police will think they have been robbed!

Blackstone Fund, Iwasaki Honichi, and Sony jointly sold stocks, but none of them lowered the price; if no action is taken, Japan's losses will be even more severe. The most important thing is that the endurance of ordinary people is limited. Once particularly serious consequences occur, it is likely to cause riots.

You must take action while everything is still under control; when you are constantly being disrupted, Mie Noyasu understands this truth very clearly. At this moment, it is no longer about personal gains and losses, but about whether the entire country can land safely!

As Japan's economy surpassed the Soviet Union and Germany 20 years ago, people's hearts have begun to expand; self-confidence is a good thing, but when it escalates to arrogance, it becomes very scary. It will make people forget about themselves and make them feel that they are the most capable. This is also the case in other countries. Although the war was lost to the United States, as for the economic war, Japan may not be the final loser.

At the same time, retaliatory consumption occurred. Many real estate and famous buildings in the United States were purchased by Japanese companies and individuals. Their tyranny was even worse than that of the Middle Eastern tycoons of later generations.

Mie Noyasu is one of the few economists in Japan who has always remained calm; he himself serves as the president of the Bank of Japan. After communicating with Bao Zixuan, I decided to make a change.

And he knew that there was only one chance; if he missed it, it would be difficult for Japan to turn around in the next twenty years.

Other senior executives of the Bank of Japan felt baffled that they were suddenly asked to stay at the headquarters; what did it mean? Fortunately, Japan has a strong sense of superiority and inferiority, and no one dares to make irresponsible remarks. But I also noticed in my heart that Mie Yeyasu must give an explanation, otherwise no one will be convinced.

Directly ask security personnel to seal all doors and require all personnel to hand over their mobile phones. Everyone has no objection to this. As the Bank of Japan, it often has emergency tasks; such operations are quite normal.

After all the executives came to the conference room, Mie Yeyasu also walked in. As a senior executive of a Japanese bank, he doesn’t have any interests; he holds a few properties and buys some stocks; this is a very normal thing. However, this matter must be kept absolutely confidential, and no rumors must be revealed.

Once the Bank of Japan executives know that they will personally intervene in economic development; or even raise interest rates significantly, they will of course know what will happen next. As bank executives, they all studied economics and related majors, so they can still see problems very accurately. In order not to let other companies and individuals notice it, everyone followed the bad luck.

Even Mie Noyasu just asked his wife to sell the stocks, and the real estate was determined not to be touched. First of all, they don’t have many units at home, and they didn’t buy them at high prices; secondly, they showed it to others, and there was absolutely no abuse of power for personal gain.

If the public knew that the president of the Bank of Japan liquidated all stocks and real estate before he started to introduce policies, he would not be able to explain clearly even if he was full of words.

Before anyone else could react, Mie Noyasu said directly: "I have no choice but to ask you to stay and work overtime on the weekend."

"Everyone must be very clear about the current situation in Japan. It is prosperous and it is okay to fool ordinary people; everyone is studying economics and is an elite, so they naturally know what is going on!"

"After World War II, Japan quickly realized industrialization by vigorously developing industries such as automobiles, electronics, textiles, steel, and chemicals. As the world's factory, its economy has risen so fast that it has the potential to surpass the United States."

"In order to contain the developing China of the Soviet Union, the United States began to vigorously assist Japan; it provided Japan with a large amount of material, financial, and scientific and technological support to achieve its strategic goal of expanding its power in East Asia."

"During the Korean War alone, the U.S. military's orders to Japan amounted to billions of dollars every year. This increased Japan's manufacturing output by 40%. The subsequent Vietnam War brought a new wave of industrial development to Japan. Japan not only They provided conventional combat supplies and also mastered the skills of repairing aircraft and warships for the US military."

"Almost all daily necessities for the US military stationed in Asia are made in Japan; even the body bags used after death are made in Japan. The two wars made Japan a huge fortune. In the late 1960s, Japan surpassed West Germany and became the third largest country in the world. Big economy.”

"Beginning in the 1960s, American companies have successively relocated their industries; advanced production lines were built directly in Japan, coupled with high-quality, low-cost labor; by the 1970s, a number of companies emerged in Japan that were invincible in the world; such as Panasonic, Hitachi, Toshiba, Mitsubishi are all familiar brands.”

"Even if the oil crisis broke out in the 1970s, it did not impact Japan; instead, it brought greater development to the Japanese automobile industry. Japanese automobile technology attaches great importance to energy conservation; its fuel consumption is much lower than that of cars made in Europe and the United States. Only This has led to a sharp increase in Japan’s automobile exports.”

"Because of the huge achievements made, some people in Japan are now starting to talk about nationalism; they feel that Japan will surpass the United States and become the number one in the world."

"Ordinary people don't know, why should you pretend that nothing has happened! In order to curb Japan's development, the Americans have already begun to take action. In September 1985, the finance ministers and central bank governors of the United States, Japan, the Federal Republic of Germany, the United Kingdom and France met in A meeting was held at the Plaza Hotel in New York City in the United States and a package of agreements was reached. This includes curbing inflation, expanding domestic demand, reducing trade intervention, and jointly intervening in the foreign currency market; and making an orderly downward adjustment of the U.S. dollar against major currencies."

"After the agreement was signed, the five countries sold dollars and the currencies of each country appreciated. The appreciation of other countries' currencies was still within control, except for the Japanese yen. It jumped up and was beyond control. If God wants to destroy it, he must first make it crazy; perhaps more accurately summarizes Japan’s developments in recent years.”

"In just a few years, the yen has doubled in value against the U.S. dollar. In a world settled in U.S. dollars, this is equivalent to doubling Japan's average national wealth out of thin air. Japan relies heavily on imported means of production, and the yen has appreciated sharply. Under the circumstances; the manufacturing costs of domestic enterprises have dropped, easing the pressure of rising export costs; therefore, Japan’s inflation rate is very low, not exceeding 1%.”

"This makes the Japanese, who have always been famous for their high savings rate and frugality, start a lifestyle of buying, buying, spending money..."

"Behind this series of madness, there is already a dangerous message. The appreciation of the yen will indeed reduce production costs for those manufacturing industries that need to import production materials. But for these manufacturing industries that do not need to import production materials, For us, it’s just a sudden misfortune; this misfortune was brought upon them by our own government.”

"After investigating the actual Plaza Agreement, some traditional export industries such as Japan's food, textiles, and metal products have completely lost their advantages in the international market."

"But what followed was a crazy rise in the domestic stock market and property market. Do you think this is normal?"

"My colleagues, I think the nightmare is slowly approaching Japan; in the castle we have built with money, decay is gradually showing its ugliness."

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