Reborn Xiangjiang Tycoon Growth
Chapter 1682 The stock market and property market 3
In fact, Bao Zixuan's guess was absolutely correct. Mie Noyasu became the president of the Bank of Japan ahead of schedule, which was directly related to him. It can be said that at this moment, the fate of many Japanese people has quietly changed; in fact, not only the Japanese, but also the international
The same is true for hot money. If the funds and individuals who entered the market after the Plaza Accord were particularly greedy, it would be difficult to escape unscathed.
The Bank of Japan is the central bank of Japan. It is often referred to as the Bank of Japan in Japan. The main store of the Bank of Japan is located in Nihonbashi, Chuo-ku, Tokyo. The representative is the president of the bank; the current president is Yasushi Mieno.
Even at night, the lights are still on in the president's office in the Bank of Japan office building. This has been the case almost every day in the past six months. At this moment, Mie Yeyasu feels very stressed; it is even an unprecedented challenge in his career.
Looking at the information collected by his subordinates, Mie Yeyasu, as the president of the bank, wanted to curse. It is the greed of domestic speculators and consortia that has caused the Japanese real estate and stock markets to continue to rise, and the national currency to continue to appreciate.
After the disintegration of the Bretton Woods system in 1973, global currencies moved towards the era of free floating exchange rates. The international status of domestic currencies has always been considered a factor affecting the competitiveness of multinational banks. With the rapid growth of Japan's economy and the increase in foreign trade ties, the exchange rate of the yen
Structural reforms and pressure from the U.S. government have put the stock on a track of continued appreciation.
In 1970, the Japanese yen exchange rate was 360 yen per US dollar, and in 1988 it was 135.5 yen, an appreciation of nearly 3 times. The purchasing power of Japanese banks and enterprises for foreign investment has greatly increased. Based on exchange rate analysis, the foreign exchange reserves have increased significantly, the yen has appreciated, and banks
In the context of excess funds, the
The increase in foreign investment income is greater than the increase in the appreciation of the yen, and the Bank of Japan is actively seeking external expansion. Based on interest rate analysis, assuming that the cost of Japanese yen funds is roughly the same as the U.S. dollar interest rate, and enterprises can obtain funds in both currencies at will; then the currency advantage of the Japanese yen bank is very small
It can even be said that it does not exist.
In the 1980s, neither of the above conditions were met, and the Japanese yen had an obvious advantage. At the same time, the appreciation of the Japanese yen, especially the sharp appreciation after 1985, led to a significant increase in the capital book value of Japanese banks and an improvement in international ratings; it allowed banks to obtain cheap funds.
Overseas assets expanded rapidly.
Under the background of financial liberalization, the Bank of Japan has gradually relaxed controls; for example, it has relaxed restrictions on banks' participation in foreign exchange transactions, overseas institutions providing European yen loans to domestic customers, and international business has increased. However, regulatory policies such as interest rate controls and separate operations have remained
, forcing some banks to set up institutions in overseas markets, especially offshore markets, to carry out domestic restricted businesses in order to circumvent controls.
Implementing interest rate control, domestic interest rates are lower than market interest rates in Europe and the United States; it provides favorable conditions for the Bank of Japan to finance domestically and lend in the United States; allocate resources globally and develop internationally. The protective support of the Japanese government eliminates the worries of the Bank of Japan's internationalization.
Stimulate its implementation of scale expansion strategy.
It can be said that the Japanese yen is currently on the verge of collapse. Of course, the first to be affected will definitely be the rising stock and property markets.
At this time, his secretary came in to report the situation; others may not pay too much attention to Bao Zixuan, Heiyun Group, and Blackstone Fund. After all, everyone is busy making money, and they don’t care about other institutions and individuals. Even if the other party is the richest man in the world,
What does it have to do with it?
And most people believe that Bao Zixuan entered the market early; even if they withdraw now, there is nothing wrong with it. It is normal to be safe. But they cannot do it. The capital cost has not been earned back; how can they leave easily. Therefore, the best way now is,
Just operate according to your own judgment. As for other things, let it go first.
When people are not satisfied, let alone at this moment, they are already red-eyed. At the same time, large institutions still have some confidence. If there is any trouble in the Japanese financial market, they will definitely notify you in advance and at least get relevant information. This is still a confidence. I guess the Japanese
Even if you lose money yourself, you don't dare to harm the interests of Wall Street capital.
But Mie Yeyasu did not dare to neglect for a moment. A year ago, Black Cloud Group and Blackstone Fund began to sell off their real estate in Japan and the company stocks they held. Compared to the overall volume, it was not a lot; plus the Japanese market
With continuous capital injection, the selling of the black cloud series has basically no impact on the stock market and property market.
As the president of the Bank of Japan, he has been paying attention to the situation of Heiyun Group companies. So far, Bao Zixuan's companies hold too many Japanese real estate and company stocks; even one person can determine the direction of the Japanese stock market. This
But it is a very dangerous thing. After all, any country, especially an economically powerful country, does not want to be influenced by one person or company.
Heiyun enterprises have always been the focus of attention; now the secretary comes to report, I believe there is some important information.
As for why Mie Noyasu guessed it was the Black Cloud Group at once; you have to admire the Japanese people's attitude and professionalism in doing things. The president of the Bank of Japan has more than one secretary. Especially before preparing to take action on the domestic stock market and property market, it is even more important
It increases the size of the secretarial team.
Among them, there was someone who was specifically in charge of the Heiyun-type companies, and the person in front of him was the secretary who focused on Bao Zixuan's companies.
Mie Noyasu put down the document in his hand and said very seriously: "Miyagi-kun, is there an emergency?"
The other party had already got off work, and it was unusual for him to come to the headquarters at this time. If there was no emergency, he would not have come so late. After all, this guy had just gotten married, and it was a time for newlyweds to spend time with each other!
Besides, there is no need for everyone to work overtime with him; as long as they can do their jobs well, Mie Noyasu still manages his subordinates very humanely.
The man named Miyagi didn't show much surprise, as if it was not surprising at all for his boss to guess that there was an emergency. Ability is one thing, but the most important thing is that he also graduated from the University of Tokyo, and the two are alumni; they have a very good relationship with each other.
It’s normal to be familiar with and guess your inner thoughts.
Wherever there are people, there is a world, and the same is true at the Bank of Japan. After becoming the vice president of the Bank of Japan, President Satoshi Sumita is basically not responsible for managing specific affairs; and the signs are already very obvious, the next president is basically certain to be Mie Yeyasu.
Then there is no need to be polite, at least cultivate a group of your own people. The University of Tokyo itself is one of the best universities in Japan. When recruiting Tokyo University students to work in the Bank of Japan, outsiders cannot find any fault at all. It not only takes care of its alumni, but also does not
Violation of principles; why not do it!
Therefore, when the Bank of Japan recruits new employees in recent years, the instinct is to lean towards the University of Tokyo. It can be said that the current core team of the bank basically has a background in the University of Tokyo.
After becoming the president of the bank, the proportion of Tokyo University graduates in the core management of the Bank of Japan has been further improved. It can be said that at this moment, Mieyeyasu is absolutely talking about everything in the Bank of Japan; of course, he is also preparing to puncture the stock market and property market bubbles. There is no group.
The people who belong to you completely have poor execution ability; the most important thing is that they are not of the same mind, and it is easy to leak secrets.
Sanegi Miyagi said directly without any hesitation: "Boss, Bao Zixuan of the Black Cloud Group has arrived in Japan and is currently at a secret base of the Blackstone Fund outside Tokyo. Of course, it is not a secret, it is just that it has not been announced to the public."
"At the same time, the senior executives of Blackstone Fund are over there, and it seems that they will take some action."
Bao Zixuan's arrival at this time shows that the visitor is not a good person. Punching the Japanese stock market and property market bubbles is easy to say, but very difficult to operate. If you don't care about anything, then it will be easy. But you have to abandon the car to save the handsome.
At the same time, Wall Street capital cannot suffer too much loss; you need to be fully prepared!
In fact, the predator that Mie Yeyasu wanted to trap the most was Bao Zixuan, but he didn't know what this guy was thinking. Maybe he was naturally cautious, or maybe he sensed something was wrong. He actually started selling off real estate and stocks a year ago. Moreover,
What's even more outrageous is that after cashing out, they are transferred out immediately without making any stop at all.
Tokyo has always flaunted a free financial market, and of course it will not deliberately withhold funds from foreign companies; that would be a waste of its own brand. Besides, the other party's tax payment is not even a penny less, and there is no problem at all. It is not particularly clear how much money was invested in the first place, after all, it was a lot
They all came from patent exchanges. But now, the value has definitely appreciated several times; that is to say, the proceeds from cashing out in the past year have been able to do without losing money.
What's even more terrible is that most of the assets in his hands continue to appreciate in value; Bao Zixuan alone can take at least one-tenth of the dividends from the Japanese economy. This may be a conservative estimate.
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