Chapter 355: Japan Under the "Plaza Accord"!

On August 25, 1985, Lin Yu also rushed to Japan, which was the first time Lin Yu entered Japan since his rebirth, but of course he couldn't go empty-handed for the first time, Lin Yu prepared a big gift for his Japanese friends.

The day after he arrived in Japan, Lin Yu held a meeting with the executives below in the company established by Jason and others.

"Our goal this time is to wait for my orders before the yen appreciates, and we can do it as soon as the time comes, and according to reliable sources, the US Treasury Secretary has already held talks with the German Finance Minister in Berlin, and France and the United Kingdom are also involved. Another very important piece of news is that the Japanese Minister of Tibet, also known as Finance Minister Noboru Takeshita, has gone to the United States. According to the accurate information provided by our eyeliner, Noboru Takeshita made an appointment to play at a golf course near Narita Airport before leaving for the United States, and then went straight to the airport with a false shot and got on the plane wearing a golf suit. The governor of the Bank of Japan, who was on the same plane, wore a large mask to prevent him from being recognized by the media. It can be seen that the Japanese government is also anticipating the appreciation of the yen, and it is certain that many Japanese consortia are aware of the situation. Therefore, this time, we will take advantage of our relatively hidden advantage to catch them off guard, so as to get the greatest benefit. Do you have any questions? After Lin Yu finished speaking, he looked at everyone.

The number of people attending the meeting this time was obviously more than when the meeting was held in Hong Kong before, but only a few people were added, and these people were all cadres under Lin Yu, and everyone had their own tasks in this operation, and they all had their own unique value.

"Boss, we can now conclude from this information that Japan is definitely going to appreciate the yen recently, but who can tell what day it is? We now mainly need to determine this time, if we know this time, we can make a specific plan, so as to use a series of methods to operate, and finally get the maximum profit. If we can't know, then we can only fight an ambush war, and the longer this ambush war, the more disadvantageous it will be for us. John said.

"You don't have to worry about the time, I will inform you when the time comes, and the five governments will officially announce the agreement they have signed. Of course, at the specific time, our intelligence officers will give us some clues at that time. I don't think Japan's big chaebols are particularly clear about this issue, and we can use this place to fight a perfect economic war, so I hope you will work hard. Now let's talk about our financial situation, and most of our current funds are used to buy the outstanding shares of Japanese companies in yen. According to the recent situation in the Japanese stock market, all the stocks we hold have risen sharply, and our assets have increased by about 20%. John, your next task is to turn our stocks into yen cash within a week, and when we buy them, we will buy them more distributedly, so your task will not be very difficult. Uncle Jason, you are responsible for investigating the recent financial situation of Japan and the major conglomerates, especially their financial flows, and you also need to judge how much their financial flows have to do with the upcoming appreciation of the yen, so that we can judge the strength of our future opponents through their information. Sandy, you're responsible for putting the funds in place so that we can attack at any time. Clyde, your character is to keep an eye on the news from the United States, to see what the United States is doing, and in addition, it is time for us to support our own people in the United States, Keane, you are responsible for liaising with the major banks in Tokyo, and finding ways to lend a sum of money in the form of foreign currency through various means, and you are also responsible for the outflow of funds after we have speculated on the yen. Also, Jim, you're looking at Japanese companies and real estate and banks, and we're going to buy some of the Japanese companies after the Japanese losses. Lin Yu arranged the task.

"Oh. That's right. Uncle Jason, we have no employees in Japan, authentic Japanese. Lin Yu asked.

"Yes, we also recruit a group of middle and low-level employees in Japan, and we don't recruit high-level employees, after all, we are not familiar with this place." Jason replied.

"Well, Uncle Jason, arrange for someone to be responsible for collecting information about some companies in Japan, remember that this time it is mainly high-tech, heavy industry groups, banks, and real estate companies that own large tracts of land in Tokyo, and in addition, we are going to make large-scale acquisitions soon, and we will also recruit a group of middle managers, who will face the problem of insufficient management after our large-scale expansion." Lin Yu said.

Jason nodded, indicating that he had taken this matter seriously, and would soon be able to train a group of middle managers.

……

On September 22, 1985, the newly appointed U.S. Treasury Secretary James Murphy was appointed to the Treasury. Becker held a secret meeting with the finance ministers of West Germany, Japan, France, and Britain at the Plaza Hotel in New York, and the finance ministers of the five countries decided to agree to the depreciation of the US dollar and jointly signed the so-called "Plaza Accord." The agreement pointed out: It is proposed to further strengthen cooperation between them and make the non-dollar currencies reasonably increase in value. After the agreement was signed, the governments of the five countries began to sell dollars sharply, and at this time, because Lin Yu had prepared well in advance, he made a big profit from the "Plaza Agreement" this time.

It is said that at the meeting in the square, then Japanese Finance Minister Noboru Takeshita said that Japan was willing to assist the United States in intervening in the market to lower the dollar exchange rate, and even said that "a 20% depreciation is OK."

After that, the U.S. government authorities, headed by U.S. Treasury Secretary Baker, and the U.S. Institute of International Economic Research, headed by the director of the U.S. Institute of International Economics, Fred Brown? Experts represented by Bergsten constantly verbally intervened in the dollar, saying that the level of the dollar exchange rate at that time was still on the high side, and there was still room for decline. Hinted at the hawkish attitude of the US government, the dollar continued to fall sharply against the yen. The Plaza Accord kicked off the rapid appreciation of the yen.

In September 1985, the yen fluctuated around 250 yen per dollar, and in less than three months after the Plaza Accord came into effect, it quickly appreciated to around 200 yen per dollar, an increase of 20%. At the end of 1986, it was 152 yen per dollar, and in 1987 it reached a maximum of 120 yen per dollar. From February 1985 to November 1988, the nominal exchange rate of the yen against the US dollar appreciated by 111%; From April 1990 to April 1995, it appreciated by 89%; From August 1998 to December 1999, it appreciated by 41 per cent. From the first quarter of 1985 to the first quarter of 1988, the real effective exchange rate of the yen appreciated by 54 percent. from the second quarter of 1990 to the second quarter of 1995, the value appreciated by 51%; From the third quarter of 1998 to the fourth quarter of 1999, the value appreciated by 28 per cent. The speed at which the yen has appreciated is absolutely rare in the world.

"Boss, we have opened a full position to long the yen, and the leverage has been adjusted to the maximum, and now it is on the verge, because if the yen has a big rebound, we will completely lose it. Moreover, the amount of money we have raised is 800 billion dollars. Jason, as the commander-in-chief this time, said to Lin Yu.

"It's okay, Uncle Jason, trust me, we're going to win this time." Lin Yu said confidently.

"So let's continue to buy according to this position?" Jason reconfirmed.

"Well, also invest the money that Keane borrowed from other banks, so as to ensure that the profit can be maximized." Lin Yu said.

In the name of the company, Keane mortgaged those real estate loans, a total of 4.8 trillion yen, converted into US dollars, that is, 2 billion US dollars, although 2 billion is a bit less than Lin Yu's more than 10 billion nearly 20 billion US dollars, but Lin Yu knows how much ability these 2 billion US dollars can have in the financial market. And the most important thing is that when he borrows money, he borrows it according to US dollars, and when he pays it back, he has to repay it according to yen, that is to say, Lin Yu borrowed 4.8 trillion yen from the Bank of Japan, and when the time comes, he only needs to repay 240 billion yen, and he will make a net profit of 4.5 trillion yen in three years, which is definitely a big profit for Lin Yu.

With 4.5 trillion yen earned in three years, is there a more profitable business than this?

On September 21, the day before the Plaza Accord, the Japanese yen was worth more than 240 yen per dollar, but at the end of September, it fell to 216 yen per dollar.

Jason turned around and went to continue his work, leaving Lin Yu alone thinking and calculating something, but no one noticed this because he was very busy.

Lin Yu's prediction was accurate again, and this time people were very speechless about him, because people couldn't imagine what words to use to describe him. On the second day of the official signing of the Plaza Accord, the exchange rate of the dollar against the yen immediately fell by 4.3%, which was a huge victory for them, because their funds changed from $15 billion at the beginning to more than $70 billion, that is, they made a net profit of nearly $50 billion. Even in the Canadian dollar and the British strike, it was not as fast as it is now. However, there is also an element of their undercalculation, that is, the dollar has depreciated all over the world. However, as soon as they withdrew their funds, the market reacted immediately, and a large number of funds were cashed out, and it is said that many banks in Japan did not store so many US dollars, of course, in the end, Lin Yu only exchanged more than 10 billion US dollars, and Lin Yu exchanged all the funds for yen and did not move.