After two months of review and negotiation, Sumitomo Bank, together with seven local banks in Japan, including the most famous Mitsui Bank, the Imperial Bank of Japan, etc., jointly undertook the huge loan project applied for by Midea.

Sumitomo Bank is the main part of the loan share, borrowing US dollars to repay US dollars, Xu Zhi can know the risk of the exchange rate, these banks are naturally the same, not to mention that the relationship between the top management of these banks and the Japanese political circles is also very close, even if they do not know about the Plaza Accord, they also know more or less about the pressure of the US government and the response attitude of their own government, etc., people who have a heart actually know the final outcome of the situation, but they do not know the specific time and the size of the exchange rate fluctuation.

For example, Soros, the most famous financial giant in the United States, has made hundreds of millions of dollars in profits by paying attention to the whereabouts of the foreign and commerce ministers of several major countries, long the yen and the mark and the dollar at the same time, and at the same time shorting the dollar.

It is safe to make a profit by investing directly, rather than using leveraged financing that is extremely risky.

In addition to Midea's upcoming participation in Japan's real estate market, Xu Zhi's other companies have also joined in to a greater or lesser extent, Hutchison invested 5 billion Hong Kong dollars, Hongkong raised 3 billion Hong Kong dollars, Evergrande invested 2 billion Hong Kong dollars, Disney also invested 300 million US dollars, and the largest head is the Blackstone Fund, which invested 1.5 billion US dollars, and these funds were not invested in the real estate market, but were converted into yen, and directly purchased the Nikkei index and the stocks of Japan's top real estate companies.

In the five years after the Plaza Accord, the Japanese stock market rose no less than the housing market, and by the beginning of 1990, the Nikkei index had risen 4.86 times compared with 1985, and the market value of the entire Japanese stock market accounted for 45% of the market value of the global stock market.

After the $4 billion loan fund arrived, Xu Zhi spent half of his time in Japan, directing the acquisition of various large properties or office buildings, among which the Sumitomo consortium played a very big role, after all, the follow-up loan project is also a huge profit, and there are also a lot of intermediary fees.

Over the course of another three months, Xu Zhi acquired a total of 13 office buildings, some large shops and some residences in Japan, with a total area of 800,000 square meters, the most expensive of which is located in Ginza.

The entry into the stock market is simpler, and it is not a secret acquisition, dozens of high-quality companies can be chosen, even if almost 3 billion US dollars entered the market, there was no wave, after the stock purchase was completed, Xu Zhi found Sumitomo Bank again, with these stocks as collateral, another loan of 2 billion US dollars, and re-entry.

At this point, the preliminary preparations for the Plaza Agreement have been completed, and the waiting east wind has also appeared as scheduled.

On September 22, 1985, the finance ministers of the United States, Japan, Britain, France, and Germany signed the world-famous Plaza Accord in Tokyo, and the treasury ministries of the five countries joined forces to control the foreign exchange market and protect the dollar system.

After the meeting, Japan, Germany, Britain, and France joined forces to sell the dollar in the international market, which in turn forced more investment institutions and ordinary people to form a selling frenzy to force the dollar to depreciate.

Hong kong:

"Chairman, you are really clever!" Located in the new headquarters in Hung Hom, Wang Liming, Ma Shimin, Nian Mao, Yao Mingcheng and Xu Zhi are in the new chairman's office, happily looking at the TV program in front of them, in the Japanese international channel, the host introduces the new content of the "Plaza Agreement" just announced in Japanese English.

"It's not a magic calculation, in fact, many people can predict this, and those who have the courage have already entered the market, and I'm just one of them. Xu Zhi said with a smile.

Wang Liming then asked: "Chairman, the yen exchange rate rises, generally in this case, it will cause economic difficulties, the stock market and land prices fall, we exchange yen is the right investment, but so many real estate and stocks, I am worried that the risk is not small." ”

"Normally, that's what you say, but this set of theories is based on the experience of Western economies and societies, and it is estimated that it will not work in Asia, especially in Japan. Xu Zhi shook his head and said: "Asians have a good face, and Japan is even more so, they will not accept economic recession, and will definitely find ways to stimulate the economy, and when there is a problem in the overseas market, the responsibility of economic growth can only be taken care of by the country."

It's just that there are only 100 million people in Japan, and the consumption level is limited, so there is not enough production capacity, and in this case, the real estate and stock markets will inevitably prosper, or at least the same. ”

Many people later blamed Japan's loss of 20 years on the Plaza Accord, but this is not true, but the Plaza Accord led to the depreciation of the U.S. dollar against the currencies of the four countries, because the U.S. dollar is a common currency, and the currencies of most countries are also pegged to the U.S. dollar, so directly speaking, the result of the Plaza Accord is that the yen, the British pound, the franc, and the mark have all appreciated significantly.

But Japan is the only country with major economic problems.

In fact, a few years after the signing of the Plaza Accord, because of the appreciation of the national currency, caused the deterioration of the export industry, trade began to form a deficit, Germany, Britain, France are not having a good time, except for Germany with a strong industry, the other two countries, including some European countries whose exchange rates are not pegged to the dollar, only began to gradually return to normal until the mid-90s, which is also one of the reasons for the economic recession in Europe in the 90s.

However, Japan was different, with only the first two quarters of trade difficulties after the Plaza Accord was signed, but the economy quickly returned to strength for the simple reason that a large amount of economic activity came from abroad to the domestic market.

If economic development is compared to a long-distance trip, the four countries that signed the Plaza Accord are equivalent to the traveler getting a cold, and the other three countries have slowed down their progress and slowly rested in an attempt to regain their strength, while Japan is different, in order to prevent a "recession in exchange rate appreciation", the implementation of a low-interest rate economic stimulus policy, a large amount of over-issuance of currency, banks everywhere begging for loans, which is equivalent to giving stimulants to people with colds to stimulate their potential.

But at this time, the problem arises, a large number of industrial factory owners have obtained a large amount of loan funds, but there is nowhere to spend?What to do (⊙o⊙)?

The operation mode of the industry determines that the operation and expansion of the factory is not determined by whether it has money or not, but by whether it has orders.

With the yen appreciating and exports difficult, how can the factory owner expand the production line even if he has money?

But even if the interest rate is low, the loan still has to be repaid, so you have to invest something, right?

As a result, real estate and the stock market have become the targets of capital.

The reason is very simple: when all the capital is invested in industry, then everyone immediately falls into vicious competition, everyone loses money, but all the money is invested in real estate or the stock market, and everyone makes money.

In order to prevent economic recession, the currency is issued on a large scale, no matter what the currency is used for, whether it is infrastructure or charity, and finally the money will enter the stock market or real estate market, forming a huge bubble.

This is the characteristic of capital, and the excess money of money will inevitably flow into real estate and finance, and the development of these two industries that do not produce any social value.

Therefore, the country with ridiculously high housing prices is not just the black heart of the internal capitalists, malicious speculation makes ordinary people unable to live, but the money is printed too much, and the money has nowhere to go, so it can only be gathered in the real estate market, and the real estate raid is just a superficial product of this economic phenomenon.

The phenomenon of high housing prices in Xiangjiang is not based on this principle, but artificial control of land, and the 80,000 policy at the beginning of the 20th century can actually solve this problem, but it was later forced to terminate for various reasons.

After the Plaza Accord, Germany, Britain, and France all stabilized the issuance of currency, restricted the inflow of international hot money, and controlled basic prices, so Japan became a paradise for international capital.

After the Japanese got rich, they began to die again, and a large number of people went to the United States to shop, and the Rockefeller Building and other well-known buildings were taken by the Japanese, although they swept the face of the Americans, but these are just buildings, and for the United States, there is no real loss.

"But isn't this just drinking to quench your thirst?" asked Nian Mao.

"Quenching thirst is the credit of the current one, and as for the poison hair, it will be the next one. Xu Zhihaha laughed.

"......" everyone understood.

Xu Zhi continued: "We don't need to worry about the affairs of the Japanese government, everyone only needs to pay attention to this investment, according to my estimate, it will take at least a few years to recover, let's deal with the affairs of Xiangjiang first." ”