Chapter 29: The Sale of the Three Gold Clubs (1)
As the only foreign exchange professional bank in Japan, the Bank of Tokyo is an indispensable business partner for all foreign companies entering Japan, because once a foreign company intends to invest in Japan, the first step is to deposit the US dollars in their hands into the Bank of Tokyo to exchange the corresponding yen funds. The pen "Fun" Pavilion www.biquge.info because whether you invest in Japanese real estate or invest in Japan's stock market, you need to use the yen as the unit of transaction. Therefore, to a certain extent, this joint-stock bank has assumed some of the government's responsibility for foreign capital supervision.
Although there is an investment market in the United States with the Nikkei as the investment target, Seryosha's capital is not something that these overseas Nikkei markets can afford, and it is impossible to get the maximum profit without doing it in Japan.
In the future, Japan, which has experienced several financial crises, has long been explored by international investors and investors to find a set of effective rules, both the country and the people of Japan are very fond of saving, and they have a large scale of foreign exchange reserves. Such a country is definitely not an easy adversary to deal with. The essence of the Plaza Accord is to promote the appreciation of the yen and reduce the price advantage of Japanese products in international competition. Therefore, the only correct way to deal with Japan is to short the Japanese stock market and at the same time make the yen appreciate. Because that's the only way to get more dollars.
Not long ago, Bank of Colombia, a regional multinational bank based in Latin America, applied to the Bank of Tokyo for a request to open a yen account and deposited up to $10 billion in foreign exchange assets into the company's account. Because of the huge amount of money, even the Financial Services Agency of the Ministry of Finance was alarmed. It is conservatively estimated that this $10 billion is more than half of the world's foreign exchange reserves, and at the time of the Asian financial crisis in 1998, the foreign exchange reserves of the entire South Korean country were only $30 billion. Since the other side is willing to spend such a large price to support Japan's economic development, the Japanese side must give some attention.
Naturally, the Financial Services Agency is very concerned about the Bank of Colombia's major customer, and they have sent Kuroda to follow up on the matter and provide as much assistance as possible to the Bank's business activities in Japan.
However, before Kuroda could arrange time to visit the head of Bank of Colombia in Japan, the Financial Services Agency soon received an application from Colombia to acquire Bank of Colombia, which was actually another foreign-funded financial company in Japan, Sanjinkai.
"It seems that the Bank of Colombia is also here to invest in the subprime loan market in Japan, and the real estate market in our country is really booming, and even banks in Latin America want to get a piece of the pie!" Kuroda said casually while he was out drinking with his colleagues at night.
"Kuroda, you're in luck, if you can get the Bank of Colombia to invest some more money in the projects we encourage, you can be promoted!" A senior raised his glass and congratulated Kuroda.
"Where! Where! I haven't met their head yet, right? Kuroda waved his hand and said helplessly.
"Huh? Kuroda-san, although we are trying to get these foreigners to come up with funds to help us develop the economy, we are not in the post-war situation now, we are not asking them to help us, but we are not asking them to help us, but to reward them with an opportunity to share in the growth of Japan's wealth, you can't disgrace our FSA! The senior said to Kuroda in a tone of lesson.
"Yes, Senpai! However, the Bank of Colombia is not arrogant, they say that the person in charge of the Japanese side has not yet arrived, so we can't let the person in charge visit us for the time being! Kuroda changed his words according to the temper of his senior, he didn't dare to really let the head of the Bank of Colombia visit him according to the senior's words, if the relationship was stiffened, his promotion would be out of the question.
"Senior, do you think this Sanjin will agree to this deal?" Kuroda humbly asked his seniors for advice.
・"Definitely not, Sanjin will make such a profit!" Which bank doesn't have the subprime mortgage products issued by the Sanjin Society? Let me tell you, Mitsubishi Bank has long wanted to make a move on the Sanjinhui, and now the real estate market is hot, and the Sanjinhui is the largest issuer of subprime mortgage products in China, how can those domestic banks let a foreign company stand in such an important position? Kuroda's senior analyzed Kuroda while drinking wine.
These words did not take Kuroda to heart at the time, but it didn't take long for the Financial Services Agency to receive more applications for the acquisition of the Sanjin Society. Kuroda soon understood that this was because the Financial Services Agency had leaked information to the big chaebols in the country, and it was widely believed that the Sanjin would not be sold, but the Sanjin Club was surprisingly willing to commit to the small Bank of Colombia. This has made the big banks in Japan unhappy that they have been interested in pursuing the company.
Mikhail had intended to bring the two companies together through a takeover by Bank of Colombia, but as soon as he applied to the Japanese financial authorities, he immediately received more takeover bids. The Bank of Mitsubishi, the Bank of Tokyo, the Bank of Japan, and the Sumitomo Bank all have a great interest in the small Sanjin. This came as a surprise to Mikhail.
Originally, Mikhail thought that it would take a long time to dispose of the burden of the Three Gold Society, but since someone offered to help, Mikhail was not polite, and directly rejected the acquisition plan of Bank of Colombia, and invited the Japanese bank, which had the highest bid, to come and negotiate the acquisition business.
Mikhail has been in Japan for a long time, since coming to Japan, Mikhail has rarely asked about the affairs of the gang, he devoted all his energy to the financial aspect, for the Bank of Japan, Mikhail is still very familiar, this bank was founded in 1882, the main business is to help the Japanese government invest overseas, especially in the United States. The Bank of Japan is most interested in U.S. government bonds and real estate, and since the capital actually comes from the Japanese government, although it also has private business, the Bank of Japan is actually the central bank of Japan. Mikhail understands what the subprime mortgage product created by Seryosha is, once the property market plummets, these AAA-rated security bonds will completely become garbage, Mikhail just doesn't want to be involved in it before selling the Three Gold Club, since the Bank of Japan wants to be the big culprit, Mikhail has no choice but to be an adult.