Reborn Xiangjiang Tycoon Growth

The conversation changed so quickly. It seems that the other party wanted to bring the topic to his strong side. As a famous Japanese economist and the president of the Bank of Japan, it is really ironic to ask a foreign man from science and engineering about the economic situation of his country. If it were replaced by

It is really easy for other people to fall out; after all, the question itself is inherently flawed.

But no one dares to regard Bao Zixuan as a pure man in science and engineering, even if he has made great achievements in the field of science and engineering. A young man who started his 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 it? Therefore, Bao Zixuan will be defined as an economist all over 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 smiled and said: "As the president of the Bank of Japan and the most famous economist in Japan, you actually asked me about Japan's economic issues. It was really hard to answer for a while."

"Mr. Sanchong is not an unreasonable person. There must be a reason to ask this question. 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 capabilities!"

The richest man 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 shrinking from battle is not his style. And he wants to

The other party must be convinced; at the same time, the 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 it will take an extremely long time to transfer all the money. The county magistrate is not as good as the current manager. As the president of a country's central bank, the other party has a lot of power.

Mie Yeyasu said with a smile: "Baosang is really too humble. Although you are not 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 can earn it from

You can see the clues when it comes to 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 made more profits in Japan than any other company. There is a proverb in China: Bystanders are clear, but the authorities are confused. You are not Japanese, so you may be more objective in many places."

Although he said so, his expression already gave it away. As the president of the Bank of Japan, he would not change his expression even if he said that the mountain was about to collapse, but at least he would not show it. As for why this was the case, it was obviously just for Bao Zixuan to see.

The meaning is obvious. He is an authority in the Japanese economic field. When talking to the world's richest man before, he really didn't have an advantage at all. He had just gained some confidence in the language, and was beaten to pieces by his understanding of his books. Now.

Finally coming to the field that I am most familiar with, I will definitely regain the face I lost before.

Bao Zixuan said with a smile: "Since we have already said this, I will do my best next time."

"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.

US dollar assets have become super cheap in their view. So they buy, buy, buy; this is not consumption,

Rather, it is the acquisition of assets. For Japan, which has experienced rapid economic growth for 30 years and ranks firmly as the world's second largest economy; Japanese capital is ambitiously going global at this time, and the appreciation of the yen is more beneficial to these capitals than

Disadvantages. Japan did take 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 consumer desire, thus leading to an increase in Japanese consumer demand."

"At present, the total market value of the Japanese stock market has reached 130% of the U.S. stock market. 14 of the top 20 listed companies with the largest market value 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 families 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, Mieye Yasu couldn't calm down for a long time. After all, what the other party said was very similar to his true inner thoughts. If he didn't make up his mind, the whole of Japan would lose more.

In fact, the richest man Bao also has his own selfish motives. Once Wall Street capital is locked up or he suffers heavy losses in Japan, then the following reunification of Germany 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.

At present, the president of the Bank of Japan still has a lot of scruples. He does not want to offend too many people and ruin his career. It is easy to say that the bubble is 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 Baosang worried that the Bank of Japan will make some actions that will cause losses to the interests of the Blackstone Fund?"

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 nothing to do with him. He will definitely not be so kind, and 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, we 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 little crazy, it is indeed true. After all, Bao Zixuan has made too much profit through the Japanese market, and it really doesn't care how much is left.

Then I thought something was wrong. No matter how rich I am, I don't want to see the profits slip away from me. I'm just talking 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 is likely that it is setting up 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 US$20 billion in Japanese company stocks."

After saying that, he took out the signed equity transfer agreement and showed it to Mie Yeyasu. The purpose was to let the old boy know that the so-called blockade might be of no use at all; on the contrary, it could easily backfire!