Author: quiet thoughts

Although due to the turbulent public opinion from the outside world, Bai Chuanfeng was forced to close the door and thank guests.

But this does not mean that he has nothing to do. On the contrary, ordinary people cannot find him, but it does not mean that people with special status cannot contact him.

"Please rest assured, Takeshita-san, for the development of Neon, Hokuto Bank is obligated!.Hai!.This fund will not be touched for the time being. Please let us know if you need it at any time."

After hanging up the phone, Bai Chuanfeng quietly breathed a sigh of relief.

Recently, a lot of people have been talking to him on the phone frequently.

Not to mention the presidents of several major chaebols, now even the Tibetan Prime Minister Takeshita Noboru has come to visit.

The man who signed his name on the Plaza Accord had nothing else to do with Shirakawa Kaede.

The first is to ask Shirakawa Kaede that Hokuto Bank should not sell U.S. dollars and copy the rise of the Japanese yen.

The phased goals of the Plaza Accord have been achieved, and the 14% appreciation rate has greatly exceeded the government's expectations.

But by this time the market had already reacted, and no one dared to go long on the U.S. dollar and short on the Japanese yen.

And because Beidu Bank had made a lot of money in the foreign exchange market, many domestic financial institutions also began to swarm into the foreign exchange market.

However, due to speculative psychology and herd mentality, the number of people speculating in foreign exchange in the market is still increasing.

There is no doubt that the largest banks are in the urban bank category, such as Mitsubishi Bank, Daiichi Banking Corporation, Mitsui Banking Corporation, Sumitomo Bank, etc. are among them.

Use one month as a period to carry out long-term operations.

As of the end of October, the exchange rate of Japanese yen to US dollar has reached 1:205!

The first game surrounding it is the game between the United States and the other four countries regarding the exchange rate appreciation range.

It is true that money comes quickly in the financial industry, and most people simply cannot refuse such temptation.

Therefore, many individual retail investors can play in the foreign exchange market, and the government has no way to ban this behavior.

The fate of each other's families has become deeply entangled, and Arai Yu only needs to faithfully carry out his orders.

Of course, the money will now have to be slowly converted into other currencies. After all, the U.S. dollar has been falling. If you hold it in your hands for a day, you will lose money every day.

Moreover, I will not be able to get the money in a short period of time. I can only wait a year or two for the ants to move, and then gradually concentrate it into several different overseas accounts.

As for whether doing so will impact Neon's economy, I'm sorry that's not something he should consider.

On the other hand, the Japanese yen is still being speculated to rise. The Neon government has obviously wanted to slow down the appreciation of the yen, so of course it cannot add fuel to the fire.

Coincidentally, not only Neon here, but also members of the Paris Club internationally are also continuing to sell US dollars.

However, in terms of leverage ratio in foreign exchange transactions, it should be controlled at around 5 to 10 times and should not be aggressive.

The members of the Paris Club include the G7 countries as well as Netherlands, Belgium, Switzerland, and Switzerland. They sold a total of 10.2 billion US dollars.

There are many classifications of banks in Japan, such as urban banks, regional banks, second regional banks, new form banks, policy financial institutions, trust banks, etc.

The second game is between the five-nation alliance and the foreign exchange market.

Of course it is the Japanese yen. Now the entire foreign exchange market is chasing the Japanese yen.

So this time, it’s safe to play it safe and develop in a subtle way.

Obviously, influenced by the vague communiqué of the Plaza Accord, speculators in the foreign exchange market have focused their foreign exchange speculation on the currency appreciation of the other party in the agreement.

However, bank mergers require review by the Ministry of Finance, and the latter can sometimes act as an intermediary.

He just wants to make money, and the country's economic development is not something he needs to consider.

It makes no sense to just look at the opportunity to make money and remain indifferent.

However, in order to stabilize Neon's economic environment, the Ministry of Finance hopes that Shirakawa Kaede's US$4.2 billion will not be converted into Japanese yen for the time being.

In the end, it would be good to have more than 80 billion that actually falls into your pocket.

Because converting U.S. dollars into Japanese yen is equivalent to selling U.S. dollars and buying Japanese yen.

At the same time, he continued to speculate on the yen privately and became a pioneer in advocating the bubble economy. He, Shirakawa Kaede, also did his part!

You see, we pushed Neon into the abyss, and he still has to thank us.

Here, he had just agreed to Takeshita Ascension from the Ministry of Finance, and then Shirakawa Kaede contacted Arai Yu again.

This kind of opportunity is something ordinary people can't even ask for.

This is still a little short of the 10% bottom line in the agreement, so they have no pressure to appreciate the currency at all.

The 20% growth that was originally expected to be achieved within one year ended up being an 18% growth within one month.

At present, the Five-Nation Alliance is in sight of victory.

The Neon government is trying to cool things down, but it doesn't pay enough attention.

So after selling the U.S. dollar, apart from buying some domestic currency, what else do they buy?

The market is never rational. Chasing the rise and killing the fall is the common psychology of speculators.

Since Bai Chuanfeng has chosen to side with the market, he only needs to execute.

But this time when speculating on the Japanese yen, we can't be as reckless as before.

So in terms of freedom, there is no need to worry at all.

When the five-nation alliance first formulated the agreement, it deliberately blurred the scope of exchange rate adjustments.

Thinking of this, Bai Chuanfeng continued to explain.

Of course, according to the current trend of the yen still appreciating.

Now that the dollar has fallen sharply and the yen has risen sharply, speculators have turned to the yen in droves.

But there is still a third game, that is whether the market and the five-nation alliance!

It should be said that it is a game between speculators who speculate on the yen and neon.

Because starting from last year, Neon has gradually achieved financial liberalization.

When is the best time for Beidu Bank to join the ranks of large urban banks? Of course it will be when dumplings are made under the roof in a few years.

He only knows that the yen will continue to rise in the next few years, but he does not know the specific fluctuations.

But this time, Bai Chuanfeng decided to abandon the Five Nations Alliance and stand on the side of the market.

“Most of the previously profitable US dollars were slowly converted into Japanese yen, pounds and other international currencies.

Hokuto Bank can avoid the appreciation of the yen, but Shirakawa Kaede did not say that his other funds also abide by this rule.

The remaining 6% of the appreciation space in the agreement will be achieved by the Bank of Japan personally, but the cycle will be extended to one year later.

Moreover, even if the Ministry of Finance does not promise benefits, Bai Chuanfeng will not go against the government agencies, and he will not mind the loss of some benefits.

As a practitioner in the financial industry, it is instinctive to manipulate the funds in your hands to continue to make profits.

Therefore, in order to compensate him, the Ministry of Finance will promote the transformation of Beidu Bank from a local bank to a metropolitan bank at the appropriate time.

Therefore, although the Japanese yen continues to appreciate, profits have fallen significantly, and the opportunity to get rich overnight will basically never reappear.

Of course, the Japanese yen has risen the fastest among them, which one makes it the most conspicuous.

Beidu Bank sells the Ministry of Finance to gain face, and he wants the obvious benefits.

If it kept rising like he remembered in the first few days, then that would be okay.

In terms of foreign exchange control, regulatory intensity has been greatly reduced.

Yes, the game between the parties after the Plaza Accord is far from over, it has even just begun.

It doesn't take much, just use a small part of it to continue to transfer Japanese yen in the foreign exchange market, and you can continue to make money.

"Arai-san, in the next period of time, our overseas accounts will continue to buy Japanese yen to rise!"

Therefore, the U.S. dollars in the foreign exchange account of Shirakawa Holdings are temporarily unchanged, and even assist the Neon government in manipulating the exchange rate in both directions when necessary.

As long as he can make money, Shirakawa Kaede doesn't care whether he is from the Ministry of Finance or the Ministry of Ksitigarbha.

After all, it is easy to negotiate with a few major banks, but how to restrain hundreds of small financial institutions and more retail investors?

If nothing else happens, these juniors will serve the Baichuan Group for the rest of their lives.

He is old, but the descendants of the family are still young.

When Arai Yu heard Shirakawa Kaede's instructions, he immediately nodded and agreed without hesitation.

In short, in early October, Beidu Bank stopped operations, but Baichuan Holdings' overseas accounts were still in operation.

It seems that this third game is a protracted battle.

Not only that, within this month, the currencies of other countries have also risen.

Although the current Beidu Bank has many branches across the country, strictly speaking, it still has the characteristics of a local bank.

At this time, the Japanese yen was not only rising rapidly, but was even in danger of losing control.

But this is all for later, now Bai Chuanfeng still has his own things to do.

Although I made more than 100 billion U.S. dollars in name, there were still various handling fees before tax.
To be continued...