Reborn Tokyo Golden Age.

Chapter 434 Runaway Appreciation

Although due to the turbulent public opinion from the outside world, Bai Chuanfeng was forced to thank guests behind closed doors.

But this does not mean that he has nothing to do. On the contrary, ordinary people cannot find him, but it does not mean that people with special identities cannot contact him.

"Takeshita-san, please don't worry, for the development of Neon, Beidu Bank is obliged! Hay!. This fund will not be moved for the time being, please feel free to let me know if necessary"

After hanging up the phone, Bai Chuanfeng quietly let out a sigh of relief.

Recently, there have been quite a few people who have spoken to him frequently.

Leaving aside the presidents of several major chaebols, now even the Prime Minister Takeshita Noboru has come to his door.

The person who signed his name on the Plaza Agreement has nothing to do with Bai Chuanfeng.

The first is to take care of Bai Chuanfeng, Beidu Bank will stop throwing US dollars and buy the yen to rise.

The phased goal of the Plaza Accord has been achieved, and the appreciation rate of 14% has far exceeded the government's expectations.

Next, the remaining 6% appreciation space in the agreement will be reached by the Bank of Japan, but the cycle will be extended to one year later.

Second, regarding Baichuan Holdings’ income in the foreign exchange market through Beidu Bank, it is a legal income.

However, in order to stabilize the economic environment of Nihong, the Ministry of Finance hopes that the 42 billion U.S. dollars of Shirakawa Kaede will not be converted into Japanese yen for the time being.

Because exchanging dollars for yen is equivalent to selling dollars and buying yen.

On the other hand, it is still speculating on the yen. The Nihong government has clearly wanted the yen to appreciate and slow down. Of course, it can no longer add fuel to the fire.

Therefore, the U.S. dollars in the foreign exchange account of Baichuan Holdings will not be moved temporarily, and even assist the Neon government to manipulate the exchange rate in two directions when necessary.

For example, if you want the yen to continue to appreciate, then sell the dollar, and if you want the yen to cool down, then keep it unchanged.

Of course, according to the current trend that the yen is still appreciating.

The 42 billion US dollars of Baichuan Holdings has remained unchanged, that is, it is losing money.

Therefore, in order to compensate him, the Ministry of Finance will promote the transformation of Northern Capital Bank from a local bank to an urban bank at an appropriate time.

There are many types of banks in Japan, such as city banks, regional banks, second regional banks, new-form banks, policy financial institutions, and trust banks.

There is no doubt that the largest banks are all in the category of urban banks, such as Mitsubishi Bank, Daiichi Quanye Bank, Mitsui Bank, Sumitomo Bank, etc. are among them.

Although the current Beidu Bank has many branches across the country, strictly speaking, it still has the color of a local bank.

There is still a long way to go to turn Beidu Bank into a nationwide urban bank.

The quickest way is to merge other banks to quickly expand the scale.

However, bank mergers need to be reviewed by the Ministry of Finance, and the latter can sometimes act as an intermediary.

Now that the Ministry of Finance has expressed its intention in this regard, Bai Chuanfeng has no reason to refuse.

Besides, even if the Ministry of Finance does not promise benefits, Bai Chuanfeng will not disagree with the government agencies, and he doesn't care about some loss of benefits.

Of course, the Ministry of Finance is willing to help Beidu Bank at some point, that would be great.

When is the best time for Nordbank to join the ranks of the mega banks in the metropolitan area?Of course it will be when the dumplings will be served on the rooftop a few years later.

Even boldly, it is not impossible for Beidu Bank to grow into a super-large financial group.

But this is all for later, now Bai Chuanfeng still has his own things to do.

Here, he had just agreed to Takeshita Nobo from the Ministry of Finance, and when he turned around, Bai Chuanfeng contacted Arai Yu again.

"Arai-san, for the next period of time, our overseas accounts will continue to buy Japanese yen!"

Beidu Bank does not need to copy the yen, but Bai Chuanfeng did not say that his other funds also abide by this rule.

As long as he can make money, Bai Chuanfeng doesn't care whether he is the Ministry of Finance or the Ministry of Ksitigarbha.

Beidu Bank sold the Ministry of Tibet to save face, and he wanted the benefits on the surface.

At the same time, he continued to speculate on the yen in private, and became the vanguard of advocating the bubble economy. He, Bai Chuanfeng, also did his part!
You see we pushed Neon into the abyss, he still has to thank us.

There are tens of thousands of these overseas accounts, and they are not within the scope of supervision of Nion.

So in terms of freedom, there is no need to worry about it at all.

When Arai Yu heard Bai Chuanfeng's order, he nodded and agreed without hesitation.

As a practitioner in the financial industry, it is instinctive to manipulate the funds in your hands to continue to make profits.

Anything is possible as long as it is not illegal.

As for whether doing so will hit Neon's economy, sorry, that's not something he should consider.

Since Bai Chuanfeng chose to stand on the side of the market, he only needs to execute it.

He is old, but the descendants of the family are still young.

If there is no accident, these juniors will serve the Baichuan Group for a lifetime in the future.

This kind of opportunity is something ordinary people can't even ask for.

Because that is already another class insulated from ordinary people, and ordinary people may not be able to get the entrance ticket in their lifetime.

The fate of each other's families has been deeply entangled, Arai Yu only needs to faithfully execute the order.

It seems that this third game is a protracted one.

Yes, the game between the parties after the Plaza Accord is far from over, and has even just begun.

The first game around it is the game between the United States and the other four countries on the range of exchange rate appreciation.

The second game is the game between the five-nation alliance and the foreign exchange market.

At present, the five-nation alliance is already in sight.

But there is still a third game, that is whether the market and the Five Nations Alliance!
It should be said that it is a game between speculators who speculated on the yen and neon.

When the Alliance of Five was drafting the agreement, it deliberately blurred the scope of exchange rate adjustments.

Now that the dollar has plummeted and the yen has soared, speculators have turned to the yen again.

The market has never been rational, chasing ups and downs is the common psychology of speculators.

But this time, Bai Chuanfeng decided to abandon the Five Nations Alliance and stand on the side of the market.

He only wants to make money, and the country's economic development is not something he needs to consider.

Financial markets have always been like this, and ruthlessness is the norm.

But this time, speculation in the yen cannot be as reckless as before.

He only knows that the yen will continue to rise in the next few years, but he doesn't know the specific fluctuations.

It would be okay if it went up all the way as he remembered in the first few days.

However, if there is a slight fluctuation range, if 100 times leverage cannot withstand a 1% drop, he will have to liquidate his position.

So this time, safety is the main priority, and wretched development.

Thinking of this, Bai Chuanfeng continued to explain.

"Most of the previously profitable U.S. dollars were slowly converted into international currencies such as Japanese yen and British pound.

Take one month as a period for long-term operations.

However, in terms of leverage ratio in foreign exchange transactions, it should be controlled at about 5 to 10 times, which should not be aggressive.

In addition, in terms of principal, the sum of multiple accounts should not exceed 50 billion US dollars, which is the bottom line. "

Although it has earned more than 1000 billion US dollars in name, there are various handling fees before tax.

In the end, more than 800 billion yuan really fell into my pocket, which is not bad.

Moreover, I can't get the money myself in a short period of time. I can only wait a year or two, like ants move, and concentrate it in several different overseas accounts little by little.

Of course, the money has to be slowly converted into other currencies now, after all, the U.S. dollar has been falling.If you hold it in your hand for a day, you will lose money for a day.

After all, money can't just sit still, it's the truth that money begets money.

You don't need much, just take out a small part of it and continue to make money in the foreign exchange market, and you can continue to make money.

Although the leverage ratio is not high, it is definitely higher than the profit of the manufacturing industry under Shirakawa Holdings.

If you think about it carefully, it's no wonder that most companies behind are busy trading stocks instead of investing in technology research and development.

The financial industry does come with fast money, and ordinary people simply cannot refuse such a temptation.

In short, at the beginning of October, Beidu Bank stopped, but the overseas accounts of Baichuan Holdings were still in action.

And because Beidu Bank made a fortune in the foreign exchange market before, many financial institutions in Nihong also began to rush into the foreign exchange market.

In addition, Beidu Bank has accepted the operation entrustment of many retail investors, and the number of people speculating in foreign exchange here has not decreased but has increased.

Because since last year, Neon has gradually realized financial liberalization.

In terms of foreign exchange control, supervision has been greatly reduced.

Therefore, many individual retail investors can play in the foreign exchange market, and the government has no way to prohibit this behavior.

After all, several big banks are easy to talk about, but how can hundreds of small financial institutions and more retail investors be restrained?

But at this time, the market has already reacted, and no one dares to go long on the dollar and short on the yen.

Therefore, although the yen continues to appreciate, profits have fallen sharply, and the opportunity to get rich overnight will basically not reappear.

However, due to speculative psychology and herd mentality, the number of people speculating in foreign exchange in the market is still increasing for the time being.

Coincidentally, not only Neon here, but members of the Paris Club in the world are also continuing to sell US dollars.

Members of the Paris Club include the G7 countries as well as Honan, Belize, Swiss, and Swiss Point, and they have sold a total of 102 billion US dollars.

The rate of appreciation of the domestic currencies of these countries is not large, and the appreciation of Britain, Germany, and the franc is generally around 7% to 8%.

This is still a bit short of the 10% bottom line in the agreement, so they have no pressure to appreciate the currency at all.

So after selling the U.S. dollars, besides buying some domestic currency, what else do they buy?

Of course it is the yen, and now the entire foreign exchange market is chasing the yen.

It doesn't make sense, look at the opportunity to make money in front of you, and be indifferent.

So despite the slamming brakes of the neon government, the yen is still rising.

As of the end of October, the exchange rate of yen to dollar has reached 1:205!

The 20% increase that was originally expected to be achieved within one year turned out to be an 18% increase in one month.

Not only that, but during this month, the currencies of other countries have also risen.

Apparently, influenced by the vague communiqué of the Plaza Agreement, speculators in the foreign exchange market focused their foreign exchange speculation on the other side of the currency appreciation of the agreement countries.

Of course, the yen rose the fastest among them, who made it the most conspicuous.

At this time, the yen is not only rising rapidly, but it is even in danger of losing control.

The neon government is trying to cool down, but it has not attracted enough attention.

Because most people, seeing such a strong performance of the yen, are even secretly a little happy in their hearts.

Sure enough, the goal of "a strong Japan, a strong yen!" is really exciting.

The scene of wildly chasing the yen in the foreign exchange market makes all Neon people feel proud.

Lo and behold, Japan's time has come.

(End of this chapter)