Chapter 428: Secret Passage
When talking about the appreciation of the Japanese yen, Ichiro Watanabe and Takashi Yanagidani looked at each other, and then the former sighed somewhat ambiguously.
“After all, there is nothing we can do about it, business has to go on.
Moreover, Japan’s international status now really needs the support of a strong yen.”
Ichiro Watanabe's attitude can be said to be the attitude of most Japanese, or the attitude of most entrepreneurs and government officials.
In the past two years, especially this year, with the holding of the World Expo, the Japanese people can be said to be proud.
Not only ordinary people are proud of their country, but social elites and upper classes represented by Ichiro Watanabe also have the same idea.
What's more , because they stand high enough, they actually look down on the United States with a hint of superiority.
I have to say that our lives have indeed expanded overall.
But as they grew stronger, they still retained some fear in their hearts.
They are worried that Japan has taken away business from all over the world, and that the United States will eventually blame Japan for its growing trade deficit.
Therefore, in order not to annoy the Americans, the Japanese feel that it is necessary to loosen up some monetary policy to maintain business between the two sides.
Look, at this time, the mentality of everyone in Japan is very contradictory.
They are proud of their own progress and improved international status, but at the same time they look down on the United States.
However, while they look down on the United States, they are also afraid of the threat posed by the former.
In short, in the eyes of the Japanese, the appreciation of the yen is necessary for Japan to enhance its international status, while also taking into account the emotions and interests of the United States.
Under this extremely complex and contradictory mentality, most people in Japan have a subtle attitude towards the appreciation of the yen.
Therefore, Shirakawa Kaede was not surprised by Watanabe Ichiro's answer.
But he came here today to talk business, not to gossip about the complicated relationship between Japan and the United States.
"What preparations have Dai-ichi Kangyo Bank and Nomura Securities made for the yen's appreciation?"
Baichuan Feng doesn't care about the mentality of the Japanese people, he just wants to make money.
When it comes to preparations for the appreciation of the yen, Ichiro Watanabe immediately pulls himself out of his complicated thoughts.
"What do you mean, Shirakawa-san...?"
"Exchange rate, currency market." Baichuan Feng uttered these two words calmly.
What else could it mean? Don't tell me that you, as Japan's largest bank and financial institution, are not prepared for the possible impact of the appreciation of the yen.
For example, if the U.S. dollar is going to depreciate, you should sell the U.S. bonds you have. If the Japanese yen exchange rate is going to appreciate, should you go to the foreign exchange market to make a small profit?
"Ahem~" Watanabe Ichiro loosened his tie, "There are indeed some preparations to be made. After all, Dai-ichi Kangyo Bank also has some foreign exchange reserves."
Upon hearing this, Yanagidani Takashi of Nomura Securities also nodded.
As some of the top financial institutions, they all have a considerable amount of foreign exchange reserves.
On the one hand, it is to offset risks, and on the other hand, it is also commissioned by the government.
This is the case for banks in most countries. At critical moments, these foreign exchanges will become powerful external aid to the government.
Conversely, if a bank encounters a crisis, the government will try to provide a helping hand to ensure its survival to the greatest extent possible.
This is a mutually reinforcing relationship, but the current Beidu Bank is not big enough and has not received special attention from the government.
But this did not prevent Baichuan Feng from wanting to make a fortune from this banquet. It was even easier for him to act without the government's attention.
As for which foreign currency can be used as a risk-avoidance currency, it is of course the US dollar.
After all, it is the most widely circulated currency in the world, and all countries recognize the US dollar.
However, the US dollar is now going to depreciate, so do we need to move our foreign exchange reserves?
If all else fails, it should be okay to take out some money and try your hand in the foreign exchange market.
“After all, there is no absolute regulation in the foreign exchange market, and there are too many uncontrollable factors.
Therefore, Dai-ichi Kangyo Bank can only use a small amount of money here, and it can only be regarded as a temporary speculation at most."
“The same is true for Nomura.”
They know that the Japanese yen will appreciate, but that is the wish of the US and Japanese governments.
Even Dai-ichi Kangyo Bank was commissioned by the Japanese government to sell some US dollars and buy Japanese yen at the appropriate time.
However, whether it can appreciate depends on the game between the government and the foreign exchange market, that is, speculators.
Therefore, the depreciation of the US dollar and the appreciation of the Japanese yen are not a foregone conclusion. It depends on the final outcome of the game between the two sides.
Therefore, the risk of foreign exchange investment is very high. Those speculators come from all over the world and they don’t care about the wishes of the US and Neon governments.
"Of course, the same is true for Kitato Bank." Shirakawa Feng expressed his understanding of their words.
After all, they are in the trend and cannot see through the future, so they should be cautious at this time.
However, this did not affect Baichuan Feng's discussion with them, "So this time in the foreign exchange market, why don't we all act together?"
Since the foreign exchange market is uncontrollable and everyone is cautious, why not just do it together?
"Act together?" Ichiro Watanabe and Takashi Yanagidani looked at each other.
“That’s right, maintaining consistency in actions and uniting together is the greatest strength.
Our opponents are speculative institutions from all over the world, and their minds are complicated and difficult to understand. "
Shirakawa Kaede talked a lot about collective consciousness, and this is what he attaches the most importance to in his daily life.
And after all, it's just a small play, not a big gamble, so it shouldn't be difficult for everyone to make a decision.
"That's fine. After all, there is strength in numbers." Ichiro Watanabe said it was feasible, as everyone was acquaintances and should stand together.
Nomura Securities' Takashi Yanagidani did not object either. It was normal to form a group for a temporary speculation.
"In that case, then we'll all depend on Watanabe-san's orders at that time." Baichuan Feng very straightforwardly recognized Diyi Quanyin as the boss.
Who can blame them for their strong financial resources? Besides, this is not the main battlefield, so it doesn't hurt to support the other side.
"Ahem~" Watanabe Ichiro nodded modestly, "Thank you both for your appreciation. I have some experience in foreign exchange, and I will not let you suffer any losses this time."
"That's right. From now on, we will rely on Watanabe-san." Shirakawa Feng personally added some tea for the other party.
Brother, please have some tea.
That attentive look made Watanabe Ichiro feel a little flattered and Yanagidani Takashi a little jealous.
Look, the head of the Shirakawa Zaibatsu is personally serving tea and water, how honorable.
Of course, Baichuan Feng did not favor one over the other. Nomura Securities also took good care of them, making both of them very happy.
Only after he sent them away did Baichuan Feng put his hands on his hips and heaved a sigh of relief.
Damn, Beidu Bank is still not big enough.
In the financial field, Baichuan Feng is always inferior to others in terms of speaking.
"Are we ready here?"
"Hai, the funds in all accounts are in place." Arai Yu, who was standing behind him, nodded with a very serious expression.
This was a huge gamble. Even though he had experienced decades of ups and downs, he was still trembling with nervousness at this moment.
"It's enough to leave 200 to 300 million US dollars in Beidu Bank, and distribute the rest."
"clear!"
Arai Yu didn't know why the usually steady Shirakawa Kaede suddenly made such a big bet this time.
This is not what an entrepreneur should do at all, but he tried to convince himself, but Shirakawa Feng made him believe in the power of the government.
He knew that the United States, Japan, and Europe were discussing the exchange rate, but market matters were never so absolute, so it was better to be cautious.
Shirakawa Kaede certainly understood this truth, but he could not tell Arai Yu directly that this was the trend in the future and that it had been proven by history.
So Baichuan Feng could only convince him by telling him to trust the government.
The actions just discussed with Ichiro Watanabe and others are consistent, and these are just a cover.
The purpose is also to conceal the truth, so that it can be more convenient to do things secretly and gather some information at the same time.
Most of Shirakawa Feng's funds have been distributed to major banks around the world.
Thanks to last year's financial liberalization, Japan's foreign exchange controls are now very relaxed.
It is much easier for Shirakawa Holdings to transfer the money in its hands to overseas accounts than before.
For the "Plaza Accord" which was hailed as a turning point, Shirakawa Holdings raised a total of nearly US$8 billion!
8 billion US dollars? What did this mean in 1985?
Across the sea, in Baichuan Feng's hometown, the entire China's foreign exchange reserves were currently 8.2 billion US dollars.
In other words, the money that Baichuan Holdings took out this time is almost equivalent to all the US dollars in the hands of the entire China.
In a sense, it can be considered as "rich enough to rival a country".
But of course not all of this 8 billion is Baichuan Feng's own money. He is not that stupid.
From the time I opened my eyes to the world in 1978 to now in 1985, a total of 8 years have passed.
In the past few years, the wealth accumulated by Shirakawa Kaede is approximately US$6.5 billion, which is also all the profits of Shirakawa Holdings.
Of the US$8 billion, Shirakawa Holdings contributed US$4.5 billion, and the remaining US$3.5 billion came from Kitato Bank.
Although he knew that the Plaza Accord would lead to an appreciation of the yen and a depreciation of the dollar, he was also afraid that the flapping of his butterfly wings would bring about unexpected changes.
So as for the idea of going all in, Baichuan Feng thought about it again and again and finally gave up the idea.
No matter what, you should leave some savings for yourself. Even if there are any accidents, 2 billion US dollars can still make a lot of money in this era.
The $3.5 billion of Kitato Bank is not all its own money. Most of it is depositors' funds, and a small part is loans from other banks.
To put it bluntly, the shareholders' money was not touched much, and it was other people's money that was used.
What if I lose money? The worst that can happen is I will go bankrupt. I have already bowed and apologized, what else do you want?
In this regard, Baichuan Feng is even more evil than those black-hearted capitalists. Of course, the probability of such a thing happening is very small.
Moreover, the money in the Kitato Bank will not be moved for the time being. Only before that day begins will the money flow into bank accounts around the world.
After all, it is the depositors' money, and Shirakawa Feng wants to shorten the period of capital shortage of Kitato Bank as much as possible.
In addition, the $8 billion will be dispersed in batches to thousands of accounts around the world, with the smallest amount only being tens of thousands of dollars and the largest being only hundreds of thousands of dollars.
It is still necessary to break the whole into small parts, otherwise such a huge amount of money would be hard not to attract attention.
The scale of the foreign exchange market in 1985 was also much smaller than that in later generations.
After the millennium, the foreign exchange market 's daily trading volume reached as much as seven or eight trillion US dollars.
Now? One twentieth of that is good enough.
This is also one of the reasons why Shirakawa Holdings only used US$8 billion. If it used more, it might have attracted the attention of central banks of various countries.
What Baichuan Feng wants to do is to make a fortune quietly, rather than attract the attention of capital giants.
Now everything is ready, except for the east wind from Mr. Takeshita.
