Chapter 0294 - Short Yen?
"Hahaha, it's Mr. Yamaki! Lily told me to go back to my room, is there anything wrong? Mr. Yamaki is so excited?"
Qiao Tianyu was not afraid of Mr. Shanmu at all, but laughed calmly.
"Damn! Qiao Tianyu, you don't know whether to live or die, right? You can't protect yourself now, and you still want to be a hero to save the beauty, I'm here!"
Mr. Yamaki didn't say anything, Junji Sato behind him shouted first, looking at his gloating look, it was obvious that Mr. Yamaki's attack definitely had a reason for his instigation.
However, Qiao Tianyu was not afraid of threats at all, and in the face of Junji Sato's provocation, Qiao Tianyu raised his head again and laughed.
"Really, I'm dying? Haha, you'll soon know who's dying!hahaha......"
"It's really a thing that doesn't know whether it's alive or dead, I ......" Junji Sato wanted to continue to humiliate Qiao Tianyu in public again, in order to solve the revenge that Qiao Tianyu forced him to eat shit just now.
But at this time, one of his subordinates ran over in a panic, quickly grabbed Junji Sato, and whispered to him.
"What? How can this be?" Junji Sato's face immediately changed after hearing this, and the whole person seemed to have received a 10,000-point critical hit, and he was stunned all of a sudden.
And at this time, Lily's mobile phone also rang, it was Arthur's call, Arthur called at this time, maybe there was something urgent!
Lily glanced back at Mr. Yamaki a little timidly, indicating that the call might be more important, and after asking Mr. Yamaki to nod her head in agreement, Lily quickly answered the phone.
And this time, Arthur on the other end of the phone also became 100,000 anxious, "Sister, it's not good! I think something big might happen!"
"What's wrong?" asked Lily.
"Just now, Soros, Robertson and other investment bigwigs left the Morgan Stanley headquarters soon after a meeting in their father's office. Arthur quickly explained.
"Then the five major investment banks on Wall Street and international hedge funds suddenly borrowed yen all over the world, and now the whole Wall Street is arguing, saying that the five major investment banks, quantum funds, and tiger funds want to short the yen in the international foreign exchange market!"
"The big five investment banks on Wall Street and international hedge funds are going to short the yen?" Lily scratched her head after hearing this, a little confused for a moment.
In other words, are the five major investment banks on Wall Street and the international hedge fund a joke invited by monkeys? There is such a thing as shorting the yen? What kind of way?
As mentioned earlier in the defense of the Mexican peso, in the nineties of the twentieth century, the favorite thing for international hedge funds led by Soros's quantum fund to do was to short a country's currency.
From the sterling crisis in 1992, the Italian lira crisis, to the peso crisis in 1994, and then to the Southeast Asian financial crisis in 1997, international hedge funds have enjoyed shorting a country's currency, and have reaped huge returns and accumulated huge wealth.
But generally speaking, international hedge funds do not want to short any country they want to short, and that country must meet two conditions at the same time to become the target of international hedge fund shorting:
First, the country has a fixed exchange rate system, and second, the country's currency is overvalued.
However, neither of these conditions is available in Japan today.
First, since 1971, when Japan implemented the exchange rate reform, Japan has long implemented a floating exchange rate system, which is not a fixed exchange rate system.
Second, it is undeniable that during the period of Japan's economic boom in the seventies and eighties, the yen was indeed overvalued due to the extremely hot Japanese economy.
However, since the Plaza Accord, Japan's economy has experienced a major recession, and the value of the yen has returned to normal, and there is no such thing as an overvalued currency.
So from an economic point of view, there were no conditions for the yen to be shorted in 1994, so how could the five major Wall Street investment banks and international hedge funds attack the yen?
Moreover, as mentioned earlier, the internationally recognized amount of foreign exchange reserves for maintaining the security of a country's exchange rate is 100 billion US dollars.
As long as a country's foreign exchange reserves can reach $100 billion, international hedge funds will generally retreat from the difficulties and will no longer look for excitement.
A month ago, in the battle to defend the Mexican peso exchange rate, Qiao Tianyu made Mexico instantly have 100 billion US dollars in foreign exchange reserves through Huaxia Bank credit and the International Monetary Fund IMF short-term loans, thus repelling the attack of international hedge funds and successfully defending the peso exchange rate.
You must know that in the 90s, Japan was the country with the largest foreign exchange reserves in the world, and its total foreign exchange reserves have been maintained at a high level of 2 trillion US dollars, which is far more than 20 times the safety line of 100 billion US dollars.
In this case, the five major investment banks on Wall Street and international hedge funds still dare to short the yen, is this a deadly rhythm?
Lily didn't have time to be shocked, and hurriedly reported the situation to Mr. Yamaki, and Junji Sato also hurriedly came up and said that the eyeliner he had planted on Wall Street just now also reported the same content.
After listening to Lily and Junji Sato's report, Mr. Yamaki only thought about it for a moment, and immediately turned his head to look at Qiao Tianyu, torturing Qiao Tianyu with his deep gaze.
"Qiao Tianyu, if the five major investment banks on Wall Street and international hedge funds want to short the yen, it won't be a smokescreen for you, right?"
Obviously, Mr. Yamaki also didn't believe that those investment bigwigs dared to short the yen at the risk of the world's big things, he preferred to believe that it must be a smokescreen released by Qiao Tianyu to achieve a certain goal.
"Hahaha, Mr. Yamamu, whether it's a smokescreen or not, it probably won't take long for you to know, but I guess you're reluctant to kill me now, right?" Qiao Tianyu laughed.
As soon as he heard that Qiao Tianyu was renewing his life again, Junji Sato quit, hurriedly came to Mr. Yamaki, and begged in a low voice.
"No, no, Mr. Yamaki, don't be deceived by Qiao Tianyu! Anyway, now that the press conference has ended, let's care whether those investment bigwigs are short the yen or not, let's click Qiao Tianyu first, so as to prevent future trouble!"
"Qiao Tianyu is a talent, isn't it a pity to click now?" Mr. Yamaki showed a grim smile on his face, and then turned his head to look at Qiao Tianyu.
"Qiao Tianyu, what you said is very right, I really don't want to kill you now! But I'm a person, I hate people to lie to me the most, why don't we discuss it, I'll talk about it, can you see if it's okay?"
"Mr. Yamaki, please make it clear. When Qiao Tianyu heard Mr. Yamaki say this, he shouted in his heart that it was not good, and he didn't know what bad farts this guy was holding in his stomach.