Neon and the United States jointly signed a currency report, aiming to further accelerate the opening of the neon financial market.

What does this mean? This means that Neon will be fully integrated with international standards in the financial industry, such as banking, stock market, securities market, insurance, trust, futures, funds, etc.

In layman's terms, it means that there will be fewer and fewer restrictions on overseas capital entering neon in the future.

Perhaps in the coming period, the number of purely foreign banks in Tokyo will explode in a short period of time.

This kind of financial liberalization was reached only after the promotion of many parties.

Internally, before the 80s, Neon's financial system was mainly based on the implementation of strong financial administration, indirect finance, and the main banking system.

On the eve of Kaede Shirakawa's acquisition of the Hokuto Bank, Professor Yamada also explained and analyzed this to him.

This kind of financial system is jokingly called the "escort fleet" model in the industry.

It has provided a guarantee for Neon's economic recovery and development in recent decades, and has also shaped the myth of Neon's "banks don't fail" after the war.

But since the end of the 70s, and especially since the 80s, the international environment has changed significantly.

The United States has promulgated the Financial System Reform Law to speed up the opening up of the local financial sector.

At the same time, it also requires other countries to open up their capital markets, and Neon, which has always been in a vassal relationship, is naturally within the scope of the target.

In addition, with the export of electronic products such as automobiles and home appliances in large quantities, the strength of Neon's domestic enterprises is also increasing.

The company's own funds are increasing, and financial institutions are facing a situation of excess funds and a narrowing market.

To put it bluntly, the bank has too much money and can't even take out a loan.

As for why this phenomenon occurs, it is because everyone is not short of money.

The income of the North Rice market has brought a lot of money to the company, and even if you count the funds for various projects such as R&D and investment, you can't spend all the money in your pocket.

For example, if the club under Shirakawa Holdings hadn't been buying land in batches recently, how would it have thought of taking out a loan from the bank.

So, what about financial companies represented by Mitsui, Mitsubishi, and Sumitomo? If you have too much money, you have to spend it, otherwise how can the bank make a profit?

Since domestic enterprises do not take out loans, they should invest overseas. There are always companies in need of loans in the vast overseas market, and it is okay to participate in investment even if it is not good.

In short, the money in the bank can only bring profits to the bank if it is liquid.

But at this time, Neon's conservative financial policies have become a roadblock. The chaebol's funds want to go to sea, and they also face various audits.

As a result, financial institutions represented by the chaebols have joined forces to demand that the government lend money and supervise financial services and accelerate financial liberalization.

That's why the neon government signed a financial liberalization deal in May.

The plutocracy, perhaps, can also be called capital.

When it comes to their own interests, they will become pervasive and force the government to introduce relevant policies and laws.

However, financial liberalization has internal causes, and there will be external causes.

As for where the external cause comes from, of course, it's the father of the United States.

From the 70s to the 80s, after two oil crises, the country fell into severe inflation.

Although Volcker took office as chairman of the Federal Reserve in 79 years, he continued to raise official interest rates, so that last year the country completely got out of the impact of inflation.

But the series of measures also had another effect, which was the appreciation of the dollar.

From '79 to this year, '84, the dollar appreciated by as much as 70%.

The surge in the US dollar has not been conducive to the export of rice products, especially the export of manufacturing, which has suffered a serious blow.

According to international news learned by Shirakawa Kaede, the country's fiscal deficit may be as high as $100 billion this year.

And the main reason for this is the trade deficit of the United States with countries such as Neon, Britain, Germany, and Gallic chicken.

There is no doubt that among these countries, Neon is the largest trade deficit in the United States.

According to statistics, this year, Neon is expected to have a surplus of more than 40 billion US dollars, which accounts for more than 35% of the total deficit of the United States.

The long-term trade surplus has also caused Neon's GDP to soar from $44.3 billion in 60 years to $1.123 trillion in 84 years.

With an increase of nearly 25 times, there is no doubt that in the past 20 years, the development speed of neon has far exceeded that of the United States.

Of course, Neon's export trade is also heavily dependent on the United States, which can also be seen from the fact that Shirakawa Electric's annual overseas income is more than three times that of the mainland.

Because the trade surplus brought a large amount of tax revenue, the neon government's foreign exchange reserves increased significantly.

And most of this money was used to buy the national debt of the United States, so this creates an interesting situation.

The United States has become the world's largest debtor because it has sold a large number of national bonds because of its fiscal deficit.

Because of the increase in foreign exchange reserves due to the trade surplus, most of the money also bought the national bonds of the United States, so Neon became the world's largest creditor.

Neon, who has been following my country as a little brother, is now holding the money he earned from me.

Then he turned around and lent it to me, and then he became my biggest creditor.

How can this be endured?

If the development speed is fast, it will be forgotten, after all, the starting point is low.

But now that I'm running out of money, you're still sucking blood from me.

If my father doesn't teach you a lesson, you'll forget who is the dog and who is the master.

Therefore, under the wave of trade protectionism in the United States, the United States government asked Neon to open the capital market and achieve financial freedom.

This is where the external causes of neon financial liberalization lie, and with the combined efforts of both internal and external forces, the neon government has compromised.

Of course, the report signed now is only a prelude, and the real storm will not come until next year.

Opening up financial markets is only one of the means, and in the final analysis, it is the trade deficit that needs to be solved.

How to improve the export competitiveness of rice products? Of course, it's the depreciation of the dollar.

At the same time, it would be better if the export of products from several countries such as Neon and Germany was restricted.

With a two-pronged approach, the problem of the US government's fiscal deficit will soon be resolved.

Of course, that's an afterthought.

However, at this time, in the United States, the manufacturing industry has collectively lobbied the government to investigate or restrict neon-related products.

To put it bluntly, it's sanctions.

So at this moment, even former Minister of International Trade and Industry Sosuke Uno is trying to persuade the Diet to independently restrict the export of neon semiconductors.

But it was too late, and the storm didn't come overnight.

Its condensation began a long time ago.

The general trend of the times, the wheel of history, and sometimes the country can only go with the flow.

"Arai-san, from today onwards, Beidu Bank will also speed up the layout of international business.

In addition, in terms of overseas accounts, we also need to make more preparations. Shirakawa Kaede handed the newspaper in his hand to Hiroshi Arai.

After reading the above content, a flash of clarity flashed in the latter's eyes.

"I'll keep an eye on this for myself."

From Shirakawa Kaede's sometimes shining, sometimes cautious eyes, Arai Yu saw a hint of something unusual in this.

"By the way, regarding the foreign exchange market, Beidu Bank will also open relevant accounts in New York, London, Frankfurt, Xiangjiang, Lijiapo and other cities as soon as possible."

The modern foreign exchange market has been fully developed since the 70's.

At that time, the Bretton Woods system gradually collapsed, and the exchange rate system of countries gradually changed from fixed exchange rates to floating exchange rates.

Because of the change in the exchange rate, it also brings about financial interest rate differentials, so there is also a foreign exchange market.

Today, the huge trading volume of the foreign exchange market has made it the most asset class in the world and the most liquid market in the world.

And because of the geographical dispersion of the foreign exchange trading city, coupled with 24-hour uninterrupted operation.

Today's foreign exchange market is recognized as the closest to perfect competition.

Even if central banks sometimes intervene in foreign exchange, it still does not change this fact.

Only this kind of market with sufficient freedom of operation can facilitate the next Beidu Bank's troubles.

And Arai Yu heard Shirakawa Kaede's explanation, and became more and more sure that there was something in it.

"President Shirakawa."

Shirakawa Kaede interrupted his question with a wave of his hand, "Arai-san, I know what you want to ask. But the time has not yet come, we just need to be ready. ”

It seems that the core secrets are involved, so it's no wonder that the Imperial Family and the Ministry of International Trade and Industry have been visiting one after another recently.

It turned out that the government was personally involved, but since inside information was involved, Hiroshi Arai didn't ask more.

I believe that there will be more specific news to me at that time, and that is when he will be the end of Yu Arai.

Hiroshi Arai, who thought he knew the inside information, suddenly became secretive and stopped mentioning what had just happened.

While Shirakawa Kaede was worried about his own bank, Shirakawa Electric's new generation of handheld ODS was also released as scheduled.

This handheld game console, known as the third generation, has attracted wide attention from the society once it was launched.

After all, with the outstanding performance of FES in the front, ODS is naturally also expected to be high.

Facts have proved that "produced by Shirakawa must be a high-quality product", this sentence is not wrong at all.

It's a big step forward from the original generation of disposable handhelds.

In particular, the release of Tetris, the game "Tetris", has even made ODS an entertainment device for all ages.

"Yabai, a square was misplaced just now~"

A social animal in the subway is secretly lamenting that he missed a good opportunity, but the score still does not break the last record.

"Eh, are you playing a game of blocks too?" A girl next to the social animal asked playfully.

"Eh, Hay!" When the social animal looked back, it turned out to be a girl.

He was nervous and a little shy, but he had never seen a girl take the initiative to talk.

Under the red face and red ears, it is a little difficult to even speak.

At this time, the girl noticed the DOS score in his hand and exclaimed, "Si Guoyi is really amazing, he can accumulate 2000 points~"

It's a pity that she is usually just casual, and her score has never exceeded 500, so she can't help but be a little amazed when she sees the master.

"Ah, this," the social animal scratched his head embarrassedly, "it's not very powerful." ”

"Can you teach me?"

Faced with the big eyes of Sakura Girl Kawaii, how could the social animal bear to refuse.

"Of course, do you have a paging number, I'll contact you later." Blessed to the soul, the social animal actually remembered to find a paging sign.

"Yes~" Sakura Girl skillfully reported a string of numbers.

"By the way, do you have Kirby of the Stars?"

"Just cleared" chatted about the game, and the social animal quickly entered the state.

"That's amazing, can you lend me the game cartridge for a while?"

"No problem, I've already cleared the customs, if you don't dislike it, I'll send it to you directly." The social animal waved his big hand, and he was arrogant.

"Si Guoyi~"

In the sound of "Si Guoyi", the social animal instantly lost himself, and he didn't even know that he had taken the subway.

(End of chapter)