Chapter 446 Plaza Accord (asking for monthly votes)
On one hand, the dollar is depreciating and wealth is shrinking.
On the other hand, under pressure from the Americans, they cannot move it anywhere, and they dare not move it.
The Japanese government is in a dilemma and is very tormented.
Regarding the signing of the Plaza Accord, Japan signed it without much resistance, and in fact, it also has its own little tricks.
In Japan's view, although it will hurt Japan's exports, it is not necessarily a bad thing within a controllable range.
After the outbreak of the first oil crisis and the outbreak of the second oil crisis, oil prices were high. Oil was settled in US dollars, and the appreciation of the yen was of great benefit to the purchase of oil.
But now it is only the first day, and the appreciation of the yen is so large that even the Japanese government is afraid.
The US government is also afraid. To be honest, the US government did not expect that the dollar would depreciate so much after the signing of the Plaza Accord.
This decline is too fast. If it is not handled properly, it will inevitably cause panic among the people.
Liu Tao regretted it a little. He was too conservative before. He bet on two hands, one on Japan and the other on West Germany, thinking that he had a sure win.
After all, the Plaza Accord had the greatest impact on two places, one was Japan and the other was West Germany!
As a result, the yen appreciated the most, far more than the German mark.
When Liu Tao left Hong Kong, the USD/JPY had fallen to 1:180 in just a few days.
When he started trading, the USD/JPY was 1:258.
In other words, he earned 78!
And you have to know that he added 10 times leverage, which means 780!
$5 billion entered the foreign exchange market with 10 times leverage, which is equivalent to $50 billion, and bought yen worldwide. The dollar depreciated 30.24% against the yen, and theoretically, a gross profit of $15.12 billion could be earned.
And this was just a week of plunge!
Liu Tao was not greedy and chose to pocket the money.
Although it took a long time before, he earned $19 billion from Japan and West Germany in just one week, which was already very scary.
These money naturally need to be pocketed.
A small part of the money was left in Japan, part of which was used to continue to short the exchange rate, and part of which was used to invest in Japan's real estate and stock markets.
This part of the money was $1 billion.
As for the other $18 billion, all of it was put into the pocket.
However, this was not a one-time payment, and it had to be dispersed through thousands of accounts and eventually entered various banks in Hong Kong, as well as Swiss banks and American banks.
With such a large sum of money, there were many things that could be done.
The global navigation system had funds, the launch vehicle had sufficient funds, and the funds for the "Beijing-Shanghai Railway" were also sufficient.
$18 billion, according to the current exchange rate announced by the People's Bank of China, 1 US dollar = 3.20 RMB, that is 57.6 billion RMB!
According to the settlement between Panshan Group and the bank, 1 US dollar = 4.813 RMB, 18 billion US dollars is 86.634 billion RMB.
In addition, there was the previous temple treasure, which, after a year of processing, received a total of $6 billion. To be honest, he still underestimated the attractiveness of those religious relics and ancient Indian gold and silver coins.
It took only one year to dispose of it, and the valuation was higher than before.
Liu Tao was somewhat fortunate that he did not directly melt the gold coins, gold statues, gold Buddhas, etc., otherwise he would probably only get 30 to 40 billion US dollars in the end.
This time, the overwhelming wealth can be said to have saved at least several years.
After all, 19 billion US dollars is pure profit!
Japan, Tokyo.
Takeshita Noboru, who had just returned to China, had a bleak face.
He drank sake, but his mood was very depressed and his face was bleak.
Facing the United States, France, Britain, etc., Japan knew that it had no choice. The Plaza Accord must be signed. It would not work if it did not sign.
First of all, these developed countries are Japan's most important markets. If they do not sign, they will retaliate. Japan will lose these markets and die miserably.
Secondly, the pressure exerted by the United States is too great, and it even threatens to move the US military bases in Japan. The implication is self-evident. At that time, the five-star general MacArthur was very powerful in Japan and was known as the Japanese emperor. It has only been more than 30 years, and Japan still remembers it clearly.
The arm cannot bend the thigh, and the role of force is sometimes very large.
If you don't agree, they will punch you. So you must agree, otherwise you can't agree.
Thirdly, the experts of the Japanese government have conducted detailed arguments and believe that although Japan's orderly appreciation will have some impact on Japan's exports, it will be beneficial for Japan to purchase imported oil. Japan is an oil-poor country and has to rely on imports for oil. Oil is settled in US dollars. The appreciation of the yen is beneficial to oil imports, thereby reducing production costs. This increase and decrease has little impact on Japan.
In addition, if the yen appreciates, it will be beneficial for Japanese companies to invest overseas, and they can acquire high-quality assets in the United States, China and other places, or invest in factories.
The yen is an international currency!
But the orderly appreciation turned into a surge!
This appreciation is too shocking!
Finance Minister Takeshita Noboru has been criticized.
He already knows that if he doesn't handle this matter well, committing seppuku to apologize will be his best outcome.
If he doesn't commit seppuku himself to apologize, he doesn't want to be dignified, and someone will help him to be dignified, and he will commit seppuku to apologize.
"Baga!" Noboru Takeshita drank a few glasses of sake and suddenly became furious and overturned the small table.
He doesn't understand why the appreciation of the yen is so terrifying!
He knew that he had been tricked by them, but this appreciation was really terrifying.
Far more than the appreciation of the German mark!
Could it be that Japan is really too powerful, its economy is too developed, its industry is too strong, and the whole world is optimistic about Japan! ?
Noboru Takeshita didn’t believe it at all!
The only thing he thought of was that Wall Street in the United States was frantically shorting the Japanese yen!
This led to the crazy appreciation of the Japanese yen!
"We must find a way!" Takeshita slammed his fist on the wall. The pain stimulated his nerves and made him calm down.
He doesn't want to die!
He still wants to live!
And if he didn't want to die, he had to deal with this matter.
"If the yen appreciates and industrial exports are uncompetitive, then we should dig deeper into the domestic market, increase sales in the local market, and at the same time invest in and build factories in China!" Noboru Takeshita gradually calmed down. Such a sharp appreciation of the yen means that many Japanese Industrial products lose their competitiveness.
For example, for shipyards, such a large appreciation is enough to squeeze out all the profits of the Japanese shipbuilding industry, leaving the vast majority of shipyards with no profits, or even losing money on each ship they build!
Except for a few high value-added ships, which can still make a small amount of profit, all other shipbuilding companies will suffer losses.
For example, some low-end industrial products will also lose their competitiveness. These factories cannot be located in Japan. If they want to continue to make money, they must invest in and build factories from developing countries.
Among them, China, which is close to Japan, is undoubtedly the best choice.
In the past, Noboru Takeshita wouldn't have dared to think about it, but in recent years, the relationship between China and Japan has been heating up rapidly.
This provides Japan with an opportunity.
