industry is king

Chapter 53 The Plaza Accord

"Mr. Fu Xin, the four sets you need, a total of 560 pieces of equipment, plus the supporting technology, will cost a total of [-] million US dollars." Fu Xin took a good look at what he needed, and Saburo Inoue began to quote.

Twenty pieces of equipment cost 560 million US dollars. Maybe Niu Guoqun will be shocked when he comes over. These things are available in China. In China, they can be ordered at a high price of several 10 yuan. Now it must be a little more advanced, but the price But it was so outrageous. Fu Xin sold a set of 8000 million RMB equipment to [-] million US dollars, which is already ruthless enough, but here, there are even more ruthless ones.

However, for Fu Xin, the quotation of 560 million US dollars is within his psychological acceptance range, and it is not surprising. He clearly knows how open the mouths of manufacturers in developed countries such as Europe, America and Japan are.

Although it is not surprising, Fu Xin was very disappointed after hearing the price of 560 million US dollars. He has always had fantasies. But at this time, this guy is ruthless enough, he reported the number directly, and reported to Fu Xin's bottom line, he was very accurate, not bad at all!

But the reality is so cruel, and the trading rules of the international market are like this. If people see that you must buy it, they will increase the price even more. If they don’t kill you severely, how can they be worthy of my advanced products.Why do Western countries engage in anti-monopoly? Isn’t it because they are afraid that you will buy it because you have it, and they can only “force” you to lower the price?

This is the huge profit brought about by the gap in technology. If you want not to become the food of others, you have to occupy the top of the industrial chain by yourself.And to go from the bottom to the top, these tuition fees have to be paid.

"Mr. Fu, if you pay in Japanese yen, we can give you some discounts," Inoue Saburo said.

"What's the quotation in Japanese yen?" Fu Xin asked.

Saburo Inoue replied: "14 billion yen." [

"Oh." Fu Xin nodded and didn't say much, but he said in his heart, "Damn it, I gave the labor and capital a discount of 1000 to 50 million yen. Then I might as well pay the labor and capital in US dollars." Don’t you bully labor and management know that there is a trade deficit between the United States and Japan? Is Uncle Sam planning to attack you? Labor and management have sent people to Xiangjiang to fight the front station, not for the upcoming Plaza Accord, but for what?”

In the summer of 1979, Paul Volker became the "Chairman" of the Federal Reserve Board of the United States.In order to control the severe inflation, he raised the official interest rate three times in a row.implement a tight monetary policy.

The result of this policy is that the United States has high double-digit official interest rates and 20% market interest rates. The short-term real interest rate, that is, the real rate of return after deducting inflation, has risen from an average near zero level between 1954 and 1978 to 1980%-1984% between 3 and 5.

High interest rates have attracted a large amount of overseas funds to flow into the United States, causing the dollar to soar.From the end of 1979 to the end of 1984, the value of the dollar rose by nearly 60%, and the value of the dollar against the major industrial countries exceeded the level reached before the collapse of the Brettonson system.The sharp appreciation of the dollar led to the rapid expansion of the US trade deficit. By 1984, the current account deficit of the US reached a record high of 1000 billion US dollars.

Since 1980, there have been two changes in the domestic economy of the United States. The first is that the foreign trade deficit has expanded year by year.By 1984, it was as high as US$1600 billion, accounting for 36% of the GNP that year.The second is the emergence of a "government" budget deficit.

Under the shadow of the twin deficits, the U.S. "government" raised the domestic basic interest rate to introduce international capital to develop the economy. The large inflow of foreign capital made the dollar appreciate continuously, and the competitiveness of U.S. exports declined, thus expanding into a crisis of foreign trade deficit.Under the pressure of this economic crisis, the United States hopes to strengthen the foreign competitiveness of American products by depreciating the dollar so as to reduce the trade deficit.

In 1985, Japan replaced the United States as the world's largest creditor country, and products made in Japan flooded the world.The pace of crazy expansion of Japanese capital.The Americans exclaimed, "Japan will occupy the United States peacefully!"

Many large manufacturing companies and members of Congress in the United States began to sit still. They lobbied the U.S. "government" and strongly demanded that the then Reagan "government" intervene in the foreign exchange market to devalue the U.S. dollar in order to save the increasingly depressed U.S. manufacturing industry.Many economists have also joined the team lobbying the "government" to change the position of the strong dollar.

September 1985.US Treasury Secretary James Baker, Japanese Finance Minister Akira Takeshita, former Federal German Finance Minister Gerhard Stoltenberg, French Finance Minister Pierre Beregovoy, British Finance Minister Nigel Lawson ( ngel_lwson) and other five developed industrial countries' finance ministers and the governors of the five central banks held a meeting at the Plaza Hotel (plz_hotel) in New York, and reached a joint intervention in the foreign exchange market by the "governments" of the five countries to orderly lower the dollar against major currencies to solve the problem. The huge U.S. trade deficit.

The agreement was also known as the "Plaza Agreement" (plzor) because it was signed at the Plaza Hotel.The agreement stipulates that the yen and the mark should appreciate substantially in order to restore the overvalued dollar price.

After the "Plaza Accord" was signed, the five countries jointly intervened in the foreign exchange market, and countries began to sell the US dollar, which in turn formed a frenzy of selling by market investors, resulting in a continuous and substantial depreciation of the US dollar.

After that, the U.S. "government" authorities headed by U.S. Treasury Secretary Baker and experts represented by Fre_berg_sten, then director of the U.S. Institute for International Economics, continued to verbally intervene in the U.S. dollar, saying that at that time The US dollar exchange rate level is still high, and there is still room for decline.

The dollar continued to fall sharply against the yen on hints of a tough stance from the U.S. government. The "Plaza Agreement" opened the prelude to the rapid appreciation of the yen.

付新的记忆告诉他付新,1985年9月,日元汇率在1美元兑250日元上下波动,在“广场协议”生效后不到3个月的时间里,快速升值到1美元兑200日元附近。升幅20%。

1986年底,1美元兑152日元,1987年最高达到1美元兑120日元。从日元对美元名义汇率看,1985年2月至1988年11月,升值111%;1990年4月至1995年4月。升值89%;1998年8月至1999年12月,升值41%。[

从日元实际有效汇率看,1985年第一季度至1988年第一季度,升值54%;1990年第二季度至1995年第二季度,升值51%;1998年第三季度至1999年第四季度,升值28%。

Ten years after the signing of the "Plaza Accord" in 1985.The value of the yen rises by more than 10% per year on average, which is different from an insurance for international capital investing in Japan's stock market and housing market.

In the nearly 5 years after the "Plaza Accord", the stock price increased by 30% and the land price increased by 15% each year, while the annual increase of Japan's nominal gp was only about 5% during the same period.

The bubble economy was getting farther and farther away from the real economy. Although Japan's per capita gnp surpassed that of the United States at that time, the high domestic housing prices made owning their own houses unattainable for ordinary Japanese citizens.

This is so similar to the 21st century that Fu Xin lived in in his previous life.

In 1987, the g5 countries met again in the Louvre Museum in France.After reviewing the impact of the abnormal depreciation of the US dollar on the international economic environment since the "Plaza Agreement", and the advantages and disadvantages of reducing the US trade deficit by adjusting the exchange rate, the result is that US export trade has not grown during this period, and the US economic problems The sticking point is the huge domestic fiscal deficit.

Therefore, the Louvre Agreement requires the United States to no longer force the appreciation of the yen and the mark, and instead use domestic economic policies such as reducing the "government" budget to save the US economy.In other words, the Plaza Accord did not find the crux of the weakness of the US economy at that time, and the appreciation of the yen and the mark did not make up for the weakness of its economy.

Americans are cheating.Deliberately dragging the Japanese into the water, his trick was used on China in the 21st century to "force" the appreciation of the renminbi of China and drag China into the water.Therefore, Fu Xin has always lacked a good opinion of the United States.

In 1989, the Japanese "government" began to implement a tight monetary policy. Although the bubble economy was burst, stock prices and land prices fell by about 50% in a short period of time.Banks formed a large number of bad debts, and the Japanese economy entered a period of recession for more than ten years.

Fu Xin is not sure whether China has fallen into this deep pit and followed the old path of Japan, because Fu Xin did not wait for this day.Even the advent of the period of China's economic recession has passed through.

With such a thing as the "Plaza Accord" coming soon, how could Fu Xin agree to use Japanese yen for settlement? At this time, it should be the right choice to buy Japanese yen by a large amount!After the Plaza Accord passes, keep these yen in your hands for a while, and you can make a fortune!

"Mr. Saburo Inoue, I still choose to settle in U.S. dollars. According to the current exchange rate of 1000 yen to the U.S. dollar, you can only exempt me from 50 to [-] million yen, which is [-] U.S. dollars. The price reduction is too low. Alright, [-] U.S. dollars, I would have to pay so much for the handling fee for converting U.S. dollars into Japanese Yen! It’s not worth it.” Fu Xin firmly refused.

"Then I have no choice. This price is set by our diamond company, and there is no counter-offer." Saburo Inoue also said firmly, without any room for new counter-offering.

"Okay, Mr. Inoue, please prepare the relevant materials. I am interested in your equipment. If the price is more suitable, I intend to buy it. You must know that my identity in China is a collective The general manager of the company." Fu Xinnai said to Saburo Inoue.

Fu Xin is not a person who can bargain. Since the price is firmly attached to him, and the price is in his psychological price, he has not bargained with others. He really does not have that talent.

After Fu Xin agreed, immediately, Saburo Inoue, a middle-aged uncle with pimples on his face, was so happy that the pimples on his face swelled up, like a cactus, really disgusting.He asked Fu Xin to sit down first, and went to the work area where the staff on the side of the booth belonged to prepare relevant materials. (To be continued. If you like this work, you are welcome to come to the starting point to vote and monthly pass. Your support is my biggest motivation. Mobile phone users, please go to m to read.)

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