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This time, Xu Cun and his family spent a bit of a long vacation on Musa Island – it was not until the end of April that Xu Cun returned to Xiangjiang with his family. Pen % fun % Pavilion www.biquge.info

After taking a two-and-a-half-month long vacation, Xu Cun's exhaustion was swept away. At the same time, during this period of time, Xu Cun created a lot of lives - Ye Qianwen's third pregnancy. Zhao Yazhi, Luo Meiwei, Nishikyo Michiko, Bai Anni, and Yang Liqing are pregnant for the second time. Zhou Comin, Zhu Baoyi, Maggie Cheung, Yasuko Tomita, Ye Yutian, Zhang Min, and Ye Quanzhen were pregnant for the first time.

By the way, Xu Cun didn't move Lin Zhiling - although Lin Zhiling gave the examples of Nanako Noguchi and Rieko Miura at the first time, Xu Cun still kicked Lin Zhiling out when he was slapping Li Zong. The reason why Xu Cun is like this has nothing to do with morality or anything, but Lin Zhiling's development is far less good than Nanako Noguchi and Rieko Miura. Therefore, Xu Cuncai gave Lin Zhiling a little more time to develop.

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As soon as he returned to Xiangjiang, Xu Cun gave an order to Yuan Tianfan, He Chaoqiong, and Li Zhi to start closing positions at a uniform pace, and all of them would be closed by October this year.

Since the implementation of the Plaza Accord, the yen exchange rate has been rising.

Today, the exchange rate of the US dollar against the yen has broken through the 1:16 mark.

Today, the dollar is still soaring against the yen -- the United States is still facing economic depression, fiscal deficits, trade deficits, high domestic employment pressures, growing national discontent, and is still plagued by unpaid debts. As a result, the US administration, headed by US Treasury Secretary James Baker, and experts represented by Fred Bergsten (director of the US Institute of International Economics) have constantly verbally intervened in the dollar, stating that the level of the dollar exchange rate is still high and there is room for it to fall. Hinted at the hawkish attitude of the US government, the dollar continued to fall sharply against the yen.

In other words, countries are still selling the dollar and absorbing the yen and the mark at the same time, and then the frenzy of selling the dollar by market investors continues, and countless international speculators are looking for the yen and the mark in the currency markets around the world, resulting in the dollar continuing to depreciate sharply against the yen and the mark.

In this environment, it is too easy for Xu Cun to close his position, and even if Xu Cun throws all the yen in his hand, he will be swallowed by the crazy international currency market in a very short time!

There are two main reasons why Xu Cun did not throw away all the yen he had hoarded:

The first is naturally that Xu Cun does not want to stimulate the crazy international currency market, and then let the international currency market cool down in advance.

The second reason is that the sharp appreciation of the yen against the dollar produced by the Plaza Accord is far from over -- at present, the yen is still appreciating sharply against the dollar, and this appreciation will continue until the end of 1988, and will not begin to decline until 1989. Even though the G5 signed the 'Louvre Accord' (the G5 countries met again at the Louvre in France in 1987 to review the impact of the abnormal depreciation of the dollar on the international economic environment since the Plaza Accord, and the advantages and disadvantages of using exchange rate adjustment to reduce the US trade deficit), the result was that the US export trade did not grow during this period, and the crux of the US economic problem was the huge domestic fiscal deficit. As a result, the Louvre agreement demanded that the United States no longer force the yen and the mark to appreciate, and instead use domestic economic policies such as lowering the government budget to save the American economy. None of this has changed the fate of the yen's continued appreciation.

As for why Xu Cun didn't hold the yen all the time, we have to talk about Xu Cun's character -- Xu Cun has never been a gambler, so he will not bet on whether the G-7 Finance Ministers' Meeting to be held at the Louvre Museum in Paris, France, on February 22 next year will change the fate of the yen's continuous appreciation, even if he has a large chance of winning. Moreover, once the Louvre agreement is reached, countries will start and stop to curb the selling of dollars, and at that time, it will be relatively troublesome for Xu Cun to withdraw again. In addition, from the end of 1986 to the signing of the Louvre Agreement, the Bank of Japan will lower interest rates five times in a row to actively control the appreciation of the yen.

Of course, Xu Cun, who has always been greedy, has not completely closed his position - the yen hoarded by the Baye Bank and the yen he hoarded in the Bank of China Group, Xu Cun is ready to wait until October to make a move.

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Japan.

Tokyo.

Financial street in Chiyoda-ku.

Inside the president's office at the headquarters of Bank of Mitsui.

When the three lawyer teams brought by Xu Cun checked the relevant procedures for the Huangtu Land mortgaged by Xu Cun to Mitsui Bank, Xu Cun and the president of Mitsui Bank chatted while drinking tea:

The president of Mitsui Bank said sourly: "Congratulations, Xu Sang, in just one year, you have earned at least one trillion yen!"

Xu Cun took a sip of tea and said, "If it's really like what you said, it would be good." All the money I borrowed from your Mitsui Bank has been converted into US dollars and renminbi and invested in my industrial construction in China and Xiangjiang. ”

It would be strange if the president of Mitsui Bank had fully believed what Xu Cun had said -- the president of Mitsui Bank was not stupid, so how could he not have imagined that if it had not been for the fact that he had gained certain benefits in the process of a sharp appreciation of the yen, Xu Cun would not have come to Mitsui Bank this time to repay the money but to talk about continuing the loan?

But-

If it is said that Xu Cun has made too much money in the process of the sharp appreciation of the yen, the president of Mitsui Bank will not believe it -- you must know that in the past year or so, Xu Cun has built more than 3,500 outlets of the Tyrant Bank in the mainland, and even the number of DreamWorks movie theaters has increased by 80 to 390. In addition, the Baye Plaza project, the Xiangshan Mansion project, the Miramar project, the DreamWorks Film and Television City project, the manor in the Shi'ao Peninsula in Xu, and the Prince Guo's Mansion in Beijing are all under rapid construction during the year. Among them, the Xiangshan Building project and the Miramar project have been completed, and the Baye Plaza project and the manor of Xu Cun Shiao Peninsula are all nearing completion. Let's ask, Xu Cun doesn't need to borrow three trillion yen from their Mitsui Bank, what money will he use to support such a huge construction?

Here, it has to be said that the president of the Mitsui Bank was too arbitrary -- how could the president of the Mitsui Bank, who did not know Xu Cun's roots, think that Xu Cun had borrowed not only 3 trillion yen from Mitsui Bank, but also 3.5 billion US dollars from Citibank and 2 billion yuan in the mainland?

Although he did not believe that Xu Cun had made too much money in the process of the sharp appreciation of the yen, the president of Mitsui Bank believed that Xu Cun, who could repay all of their Mitsui Bank loans, had passed the most difficult situation.

Therefore, the president of Mitsui Bank took the opportunity to send an invitation to Xu Cun, who was rich in wealth, and said: "Xu Sang, I wonder if you are interested in participating in a project that is sure to make money?"

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(To be continued.) )