Reborn Xiangjiang Tycoon Growth

Since everyone has no objections and expressed full cooperation with the resolution of the U.S. Treasury Department, there is nothing to be polite about. Japan and West Germany are both rich and rich. If they don’t take advantage of this moment to get more out of it, they may not necessarily have such a good situation in the future.

opportunity.

The United States surpassed the United Kingdom and became the world's economic hegemon, which itself is not very glorious. In fact, this is quite normal. After all, capital has always been bloody.

James Baker: "Since you all have no opinions, I will express the opinions of the United States."

"The finance ministries and central banks of each country should verbally intervene in the U.S. dollar exchange rate."

"The U.S. dollar is currently fluctuating around 250 yen per U.S. dollar. Within 3 months after the signing of the agreement, the U.S. dollar should fall to around 200 yen per U.S. dollar, a drop of 20%. And then by analogy, ensure that the U.S. dollar is consistent with the Japanese yen."

The exchange rate ratio of yuan is 1:120.”

Hearing this, Japanese Finance Minister Noboru Takeshita almost stood up. Implementing the plan completely according to the Americans would mean a substantial devaluation of the U.S. dollar, and the existing U.S. dollar wealth in various countries would also be reduced accordingly.

Japan is the world's largest creditor country, and it has purchased the most U.S. Treasury bonds. This means that the U.S. dollars earned by Japanese companies over decades of hard work have shrunk by half in the blink of an eye. Who can bear this? If the agreement is signed according to these conditions, it is estimated that the

The heads of major domestic companies can beat him to death.

The appreciation of the yen is a good thing, but it cannot appreciate too much all at once. There should be a smooth transition. A substantial appreciation in a short period of time will inevitably increase domestic costs and is very detrimental to exports. The island country's own market is limited and its own resources are limited.

How to survive if you lose your competitive advantage in the international market.

Therefore, we absolutely cannot agree to it, and at least a discount must be made during the implementation process.

The Germans are not having a hard time either. The depreciation of the US dollar against the Japanese yen means that the German mark will also appreciate. Fortunately, the Germans already have a response strategy, but it is difficult to implement it.

Although it is very difficult, as long as it succeeds, it also means that Germany's strength will make a qualitative leap. At this time, the Germans' handling of international relations is definitely like a little daughter-in-law. No one dares to offend, especially the demands made by the United States and the Soviet Union.

Do your best to satisfy that.

Seeing that everyone was silent, Takeshita Noboru was really angry. Couldn't we unite and make the Americans a little scrupulous, at least not so blatantly? What is the difference between this moment and direct robbery?

They are all in a state of being unconcerned with matters that have nothing to do with themselves. Isn’t this putting Japan on fire?

Five years ago, the world's mainstream media reported that Japan's economic scale will surpass the United States by the end of this century and become the world's No. 1. This has caused some expansion in Japan, believing that as long as the economic scale increases, the right to speak will naturally increase. Takeshita No.

It is no exception. He is Japan's finance minister, not a subordinate official of the United States. Others can remain silent, but he cannot. He must at least fight for Japan, and if it doesn't work, he will think of other ways.

Noboru Takeshita: "To ensure that the U.S. economy does not collapse, it is not just an exchange rate issue. Hasty intervention in the exchange rate will seriously hinder the development of the world economy; therefore, it should be considered from multiple aspects."

"The yen is steadily appreciating. At the same time, Japanese, West German, French, and British companies can invest in the United States. Economic development cannot be entirely determined by the government, and companies must also play a role in it."

"The scale of the domestic economy will increase and the unemployment rate of the people will decrease; the economy will naturally get better."

After hearing Noboru Takeshita's words, the finance ministers of the other three countries wanted to stand up and beat him. He could not imagine the past investment in the United States. Unlike Japan, the three countries did not have so many companies developing abroad. Moreover, companies investing in the United States

, it must be a high, refined, and sharp existence.

It is estimated that no one would dare to build a factory in the United States for a seriously polluting enterprise. It would be no different than seeking death.

This time, we mainly want to take advantage of Japan and West Germany; this is the tone set by the United States, Britain and France long ago.

French Finance Minister Pierre Berger knew that he was asked to express his attitude, so he said directly: "It is a good choice for companies from various countries to invest in the United States. However, long-term water cannot quench the near-term thirst, and investing in and building factories requires a process."

"If countries are allowed to use funds to boost the growth of the U.S. stock market, property market, or futures market, the data will be good-looking at most, but it will have no practical significance for U.S. economic growth. At least the American people will not get benefits, and the capital must come here to make money."

"No one's money comes from the strong wind, and it cannot be given away in vain."

After hearing this, the finance ministers of West Germany and the United Kingdom agreed very much. Investment here requires a process. At this time, the Americans made it very clear that they must bring benefits in the short term.

British Finance Minister Nigel Lawson echoed: "What Minister Berger said makes sense. The most effective way in the short term is government intervention in the exchange rate."

"As for corporate investment, we are just the Minister of Finance. It is even more difficult for us to intervene in matters that neither the head of state nor the prime minister can intervene and decide. Enterprise development requires a high degree of freedom, and the government plays a more supportive role and must not interfere. That would

The development of enterprises is very unfavorable and may even lead to a rebound."

Among the finance ministers of the five countries, the United States is the well-deserved leader. Japan and West Germany have sufficient economic strength; as for France, neither economic strength nor military strength is weak. In comparison, the sun never sets.

The empire seems to be lacking in stamina. If it doesn't increase its presence, no one will take it seriously in the future.

The Falklands War made the British see the reality clearly. It takes the whole country to deal with an Argentina; and winning is very difficult. This is also the reason why they gave in on the Hong Kong issue. They feel that it is inevitable to confront China with real swords and guns.

Not an opponent.

Hugging the thighs of the United States has become a true portrayal of the British after World War II. Although it sounds a bit embarrassing, it has nothing to do with national security.

West German Finance Minister Gerhard Stodenberg thought for a moment and said: "Since the U.S. government wants the dollar to depreciate, the Federal Republic of Germany will fully cooperate and can use administrative means to intervene if necessary."

The Germans' statement left Japanese Finance Minister Noboru Takeshita with no ability to resist. When did the Germans become so weak? No wonder they were defeated in World War II. There is no reason to be invincible by forming an alliance with such a country.

Resistance has no meaning anymore. At this time, we must act according to the orders of the Americans. If we really want to break up with the Americans because of this matter, I guess he will definitely be handed over as a scapegoat.

Noboru Takeshita: "Since everyone has this idea, Japan will try its best to cooperate."

There is room for truth in what he said, but it may still be difficult to accept for a while. No one’s money comes from the strong wind, and it is really unacceptable to pay for the mistakes of the Americans for no reason.

Now that the finance ministers of the five countries have reached a consensus, they must sign an agreement.

It was from this time on that the five governments jointly intervened in the foreign exchange market to make the U.S. dollar fall in an orderly manner against major currencies in order to solve the huge U.S. trade deficit. Because the agreement was signed at the Plaza Hotel, the agreement was also called the "Plaza Agreement."

". The agreement stipulated that the Japanese yen and the mark should appreciate significantly in order to restore the overvalued price of the U.S. dollar. After the signing of the "Plaza Agreement", various countries began to sell U.S. dollars, which in turn formed a selling frenzy among market investors, leading to continued substantial depreciation of the U.S. dollar.

Looking at the development of Japan's economy in the past thirty years, the Plaza Accord in 1985 was a turning point. Some analysts pointed out that after the Plaza Accord, affected by the appreciation of the yen, Japan's export competitiveness was severely hit, and the economy stagnated for more than ten years. Even

In the economics community, a considerable number of people believe that the Plaza Accord is a huge conspiracy laid by the United States to bring down Japan.

But it is useless to say anything now. You have to agree even if you are reluctant. Americans will not give you a chance to refuse at all, and at least Takeshita Noboru does not have the capital or courage to refuse.

The goal has been achieved, and as a host, even if the economy is in difficulty, you can't be too stingy. The U.S. Treasury Secretary asked the hotel to start preparing a buffet. Today is definitely a day worth celebrating. The United States has achieved all its goals. As for Japan and West Germany, they will suffer losses as a result.

How much has never been considered by Americans.

James Baker was even more high-spirited and finally gave an account to President Reagan; he even gave an account to major consortiums and companies in the United States. This achievement, although it cannot directly affect the development process of the United States, can at least leave his name in history.

There is definitely a chance to impact one of the most accomplished Treasury secretaries in the United States. This is an amazing honor.