Someone has to stand up

While Nohara Shintaro was still leisurely taking a flight back to China, Chen Mo had already decisively given an order:

"Target Sakura Coin, short direction, smash it hard!!!"

Han Li and other traders were excited:

"Received!!!"

The keyboard sounded, and sky-high short orders appeared in the foreign exchange market of Sakura Country.

And the Fed, like a scumbag who would not recognize anyone after pulling up his pants, once again released a big move, raising interest rates by 100 basis points for the first time in more than 20 years!!!

The federal funds target rate was significantly raised to 4.5%-5%!!!

At the same time, it also announced a balance sheet reduction plan starting this month to tighten monetary policy.

You must know that Sakura Country is still in the era of negative interest rates!!!

Once the Fed really starts to raise interest rates so crazily, capital will inevitably sell a large number of Sakura coins and buy Hegemony coins.

This sell and buy will cause a sharp drop in the exchange rate of Sakura coins!!!

The central bank of Sakura Country.

President Ikeda Tsurunan was sweating as he watched the numbers on the screen keep falling, and his pants were almost wet with fear.

125!

130!

135!

140!!!

145!!!

In just half a day, the exchange rate of Sakura Coin plummeted to 145!!!

And judging from this trend, the plunge will continue!!!

This is already an economic crisis!!!

You should know that Sakura Coin has only plummeted at two key nodes, both times when financial crises occurred.

And those two times, one fell to 147 and the other fell to 152.

After that, the Sakura Country's economy was in a major recession, and deflation followed!!! ! !

Now in half a day, the exchange rate of Sakura Coin to the Hegemony Country's currency has fallen to 145 to 1!

This is definitely going to be a big deal!!!

Ikeda Tsurunan slammed the table and roared:

"Have you contacted Mr. Nohara?!!"

The assistant trembled and said: "No, Mr. Nohara's phone has been unreachable. I guess he is on his way back."

Ikeda Tsurunan gritted his teeth and looked at the news about Nohara Shintaro on the computer screen.

On the red carpet of the palace, Nohara Shintaro's face was full of smiles. His visit to the hegemonic country made him full of hope, thinking that Solomon would give him a big gift.

But reality slapped him hard.

Nohara Shintaro hasn't come back yet, and the hegemonic Fed announced an interest rate hike. The big short came as promised, and the exchange rate of the Sakura coin fell, and it was about to hit a new low in 34 years!

This operation is tantamount to the foundation using the "Sakura Coin" on the menu of the hegemonic currency to send Nohara Shintaro a "depreciation" meal.

If the depreciation continues, the economy of the Sakura country will definitely fall into turmoil!

Ikeda Tsurunan finally understood, what big short?

The hegemony country is the biggest short seller!!!

This way of raising interest rates is obviously aimed at the Sakura coin market!!!

"Call the central bank governors of all regions for a meeting immediately!!!"

Ikeda Tsurunan roared.

Fortunately, the Sakura Country is small in size, and the central bank governors of all regions can arrive urgently within 1 hour.

At this time, the exchange rate of the Sakura coin has fallen to 152, reaching the lowest level in 34 years!

Ikeda Tsurunan was originally a slow person. He liked to talk about 80% useless information in meetings and then talk about the 20% key points at the end.

But now this situation forced him to get straight to the point:

"Mr. Nohara Shintaro has not returned to the country yet.

The hegemony Fed is raising interest rates like a mad dog. The Sakura coin has fallen to the lowest point in 34 years. If we don't find a way to raise it, there will definitely be a financial crisis!!!"

"I called you here to let everyone express their opinions."

The governors of the major central banks looked at each other, and no one said anything.

It's easy to raise the exchange rate!

First, follow up with the interest rate hike, so that the interest rate of Sakura Country is equal to that of the hegemony country, and capital will naturally stop selling Sakura coins.

Second, sell US bonds. Sakura Country now holds 1.2 trillion hegemony currency in US bonds and is the largest overseas creditor.

In the case of crazy depreciation of Sakura coins, it only needs to sell US bonds and repurchase Sakura coins to preserve the exchange rate.

But here comes the problem.

Raise interest rates?

Who dares to have the courage to raise this interest rate?

Don’t you see that the top officials of Sakura Country who raised interest rates in the last economic crisis have already committed seppuku to apologize.

Raising interest rates is tantamount to drinking poison to quench thirst. If it is really used, it is very likely to bring Sakura Country to the "lost 100 years".

Sell US bonds?

Don’t be funny!

Raising interest rates will at most cause economic problems. Anyway, they will not starve to death, let alone personal safety problems.

But selling US bonds is not certain!

Now the hegemony is in a state of economic crisis. The subprime mortgage crisis and serious economic problems have caused the hegemony's debt to soar.

This hungry wolf has already lost its temper!

Selling US debt at this time is like throwing stones at the hungry wolf, isn't it?

Ikeda Tsurunan is not incapable of solving problems, but he lacks the courage to solve problems.

Looking for them now is nothing more than looking for someone to take the blame.

"Speak, are you all dumb? What should we do now?"

Ikeda Tsurunan asked angrily, spitting saliva.

Everyone was like an ostrich, bending over, wishing they could bury their heads in the ground.

Everyone can answer this question, but no one can answer it.

Only a relatively young local central bank governor raised his hand.

"Shigeru Kishida, you say!"

Ikeda Tsurunan responded immediately.

Kishida Shigeru nodded:

"Two points, one is to immediately let banks across the country follow up to prevent capital flight.

The second is to sell US bonds. We now have a lot of US bonds. The money from selling them will definitely work to buy back Sakura coins."

Ikeda Tsurunan touched his chin, thinking, and then nodded:

"Your method is good, Kishida Shigeru, you are a talent.

Then, you will be fully responsible for these two things!

Everyone remember to cooperate with President Kishida, do you hear me?"

"Hi!!!"

All the presidents breathed a sigh of relief.

Wait until the meeting is over.

Several bank presidents who knew Kishida Shigeru stopped him:

"Xiaomao, why are you taking the lead?"

"That's right, you don't think that Ikeda doesn't know such a simple trick, do you?"

"Do you understand the meaning of full responsibility?"

"Listen to my advice, let the exchange rate fall, just drag it out until Emperor Nohara comes back and let him make this decision, we must not be the scapegoat!"

"..."

Kishida Shigeru bowed deeply and said gratefully:

"Thank you seniors for thinking about me, but since I dare to stand up, I have decided to be responsible for my words to the end."

"Someone has to stand up, someone has to do something for this country."

Everyone persuaded for a while, but they couldn't persuade him.

"Forget it, not everyone is willing to be in the dust. As Xiaomao said, someone will definitely make this decision, either him or us.

Everyone cooperates with Xiaomao's work, which is the best help to him."

"Arigato! Mina-san!"

Kishida Shigeru bowed deeply again.

But everyone just kept nodding, their eyes revealing pity and regret...