Rebirth 79: I opened a bank in the United States

Chapter 851 The Attitude of Fuji Bank
"That's right, I admit that the treatment of Japanese workers is better than that of American workers. Japanese-funded enterprises in the United States offer a lot of salary, and then?"

In the era when the average salary of Japanese workers was less than 300 million yen, converted into US dollars, it was at least [-] yen.

Carter couldn't refute Yasuda Lingren's point of view.
Because just looking at the theory, the treatment of American workers is not as good as that of Japan. If you look at the reality, the gap is even bigger!
Today's U.S. labor market is quite like a diode. Against the background of the technological explosion, the treatment of some emerging technology industry practitioners is due to the mismatch between supply and demand and the high added value of their products. Climb higher!

Take the software and IT industry as an example, with the enactment of the new Software Intellectual Property Protection Act.While the price of software is increasing rapidly, software companies large and small want to recruit qualified programmers.
As far as Carter knows, the average annual salary of a Microsoft employee is around $[-].Four times that of an average American middle class!
However, in traditional industries, due to the impact of the economic environment, layoffs and salary cuts are common.Industrial workers lingering on their last legs, in the United States today, can get an annual salary of 8000 U.S. dollars a year, and that is the strength of the trade unions. It is completely incomparable with Japanese-funded enterprises!

"Are you trying to occupy the United States economically? Mr. Yasuda should understand that this is an unrealistic delusion. No vested interest group will be willing to give up their own interests. Before your economic occupation of the United States, they will definitely smash you first foundation!"

"Don't think that I'm alarmist. In fact, in the United States today, except for our Ministry of Finance, which still responds with a moderate attitude towards Japan, many people are full of hostility towards Japan, including the military!"

Is this a threat?
It can be counted, and it can’t be counted!
As a member of the business community, when he occasionally participated in some gatherings, Carter often heard such things as "Why do we still have to endure the squeeze of the Japanese", "Don't we have troops stationed in Japan", "They must bow their heads" and so on. argument
"Yeah, we certainly don't have the ability to occupy the United States economically."

Hearing Carter's almost direct threat, Yasuda Lingren's expression didn't even change.It is one thing to understand the gap in the comprehensive strength of the United States and Japan, but Carter feels that this guy seems to be used to it no matter how he looks at it.
As if, he had heard similar arguments more than once.
"But can you really have the guts to break through? Maybe Mr. Reagan has the guts, but his term of office is always limited. I believe there are still many people who love peace and are friendly to Japan, don't you? You say, If we had done everything we could to support him, would the scene you describe have happened?"

"Then how much effort will you have to spend? Moreover, how can you ensure that the so-called friendly people to Japan can always maintain goodwill?"

Through the change of the president, a person with a completely opposite position was pushed in, and an American version of "People's Death and Political Rest" came out.This is a good idea, but Carter is not in a hurry.
I don't even bother to say anything, public opinion
too far!

"Although the United States claims that everyone is equal, you and I both understand that this is just nonsense. Asians, an Asian federal official with a high degree of identity, has never stepped into the White House in the United States today. Qualifications. Even if you want to find an agent of interests, you can only find white people, right?"

"And now, a white man is right in front of your eyes. Why can't we have a good talk? Mr. Yasuda!"

"Hahaha, well said!"

After some verbal confrontation, Yasuda Lingren slapped his hands lightly twice:
"I'm surprised that Michio Yasuda can know a friend like you. Yes, since I always have to talk to a white person, I have no reason to refuse to talk to you."

"Let's talk about the interest rate first. I don't know what your target is this time? Can you tell me?"

"It's not that I want to hide it, it's me. Mr. Yasuda, you saw it! At my current age, even if I'm not an intern, I'm just a clerk in the Ministry of Finance. Secretary of the Treasury Reagan, Chairman Volcker, etc. I definitely don’t know the psychological goals of the guys. But I personally have some guesses about it, so I can’t really do it.”

"Oh? Talk about it!"

"220 to 1, 220 yen for 1 dollar!"

Looking directly into Yasuda Lingren's eyes, Carter made a report, which cannot be said to be false, but it cannot be said to be a real goal.

"For the first stage, I think 220 yen may be a more acceptable standard for both parties. The exchange rate difference between each US dollar is reduced by 1 yen. When placed in large transactions, Japanese-funded enterprises will reduce the additional profits. There is a lot of space!"

"For every 1 U.S. dollars, the extra profit obtained by Japanese-funded enterprises will be reduced from the original 50 yen to 20 yen. This will not completely obliterate the competitive advantage of your Japanese-funded enterprises at one time, but it will also give us An explanation from American companies. For example, Caterpillar has always been the most dissatisfied with the exchange rate issue between the United States and Japan.”

"As far as their demands are concerned, Mr. Yasuda should have read the Morgan Report. What they demand is 200 to 1"

"220"

Staring at the tea in the cup, Yasuda Lingren did not speak for a long time.

The impact of exchange rate changes is by no means limited to the foreign trade activities of production enterprises.For Fuji Bank, how many dollars they have reserved, and what can they do when the yen appreciates.
Japan's interests are important, but their interests
"You are indeed very sincere. If the exchange rate can be controlled to fluctuate around 220 to 1 in the end, we can accept it. On this point, I can directly say that it is not easy to keep the exchange rate stable at 220 to 1!"

"You are aggressive this time, and now almost the eyes of the whole world are focused on Japan. Recently, the exchange rate of foreign exchange has increased significantly. Those speculators and those financial institutions, large and small, are all waiting for the appreciation of the yen. In this Under the influence of the stock market sentiment, once the appreciation of the yen starts, it will be difficult to stop. Yesterday, the Bank of Japan’s President Satoshi Sumita approached me, do you know what he asked me?”

"It should be asking about the stock of Japanese yen currency at Fuji Bank, right?"

This question is not difficult to guess
In a market economy, currency can also be regarded as a commodity from a certain point of view.The appreciation of the yen is equal to the increase in the price of goods. To balance the price of goods, of course, in the relationship between supply and demand, increase the supply and create a situation where more goods are cheaper.
Increasing the number of yen circulating in the market will naturally solve this problem.As mentioned earlier, if you simply rely on the Bank of Japan to start printing money to increase supply, the extra money will
It's just some extra thunder!

The Bank of Japan also doesn't want to crank up the printing presses, if at all possible.The best way is to temporarily withdraw illiquid currencies such as resident deposits in major banks to calm market fluctuations.

After the market stabilizes, the money will return to residents' deposits
Compared with printing money, this method has the least impact on the macro economy!
And Japan's coordinating government can precisely do things like integrate Japanese corporate resources.
Aren't monetary resources also resources?
(End of this chapter)