Chapter 329: Tokyo Proceeds, Prepare for Crude Oil
Chapter 329 Tokyo Profit, Preparing for Crude Oil
Author: Lin Zhonggu
Chapter 329 Tokyo Profit, Preparing for Crude Oil
I heard that Ma Yun was just an ordinary university teacher two months ago, and then she met a noble person.
Hu Si suddenly became interested and asked curiously: "Brother Ma, please tell me, who did you meet?"
"Brother Hu, you don't need to know so clearly."
Ma Yun kept silent about Zheng Yaoyang's existence, and instead talked about the goods in the carriage, with a total value of 450,000 US dollars.
Among them, the most in demand sugar is 2,000 tons, and rice is also 2,000 tons, with countless daily necessities.
The noble man made it clear to him that this trip was just to explore the road, and all the proceeds would belong to him.
"Brother Hu, to put it bluntly, what you are doing is very unethical and will not last long."
"Taking a step back, if you go out without something, you should be afraid of anything unexpected."
Ma Yun sincerely invited Hu Si to join the team and gave him 10% of the net profit from this trip.
One percent is not free, Hu Si must follow him to Moscow, and he must work hard along the way.
If Ma Yun finds out about cheating and cheating during this period, don't blame him for spreading ugly words first.
Hu Si looked solemn, and at the same time he was certain that there should be a great big shot standing behind him.
If goods worth 400,000 US dollars are transported to Moscow, the profit will be at least 20 times more.
Even if it weren't for the noble man Ma Yun, the reward would still be considerable, enough to cover his income in the past few years.
"Done."
Hu Si did not hesitate, raised his wine and drank it all in one gulp.
"Done!"
A smile appeared on Ma Yun's face. With Hu Si's help, this trip should be much smoother.
At night, the train is traveling across the vast Eurasian continent, and there are still 48 hours until the next stop.
On the other side, Zheng Yaoyang took a plane and arrived at Tokyo International Airport.
Rogers and Li Xiaomu came to pick him up and reported to him on the situation during this period in the car.
First, the Nikkei Index collapsed completely, with a drop of up to 10,000 points in just a few months, and three years of gains were wiped out.
Compared with the total market value at the beginning of the year, more than 200 trillion yen have evaporated, equivalent to 1.5 trillion U.S. dollars.
The property market collapsed last year, and the stock market collapsed this year.
The two carriages representing the economy both fell, plunging the entire country and hundreds of millions of people into despair.
Take the University of Tokyo, the highest institution of higher education, as an example. As long as you received the admission notice, countless large companies would offer you an olive branch and pay for your studies.
Now, even graduate students from Tokyo University are unemployed after graduation, and a large number of companies have to lay off a large number of people in order to safely survive the financial crisis.
Those employees who were laid off were blinded by the false economic bubble, and almost everyone was burdened with mortgages, car loans, personal credit loans, and various loans.
If they can have a stable job, they can continue to live even if life is tight. Now that the company lays them off, it is no less than cutting off their livelihood.
People took to the streets to protest and march violently, turning the bustling city of Tokyo into Gotham City.
People were in dire straits, and the government responded quickly by promulgating several labor bills, strictly prohibiting major companies from laying off workers at will, and even including them in the criminal law.
As long as the company does not go bankrupt, the policy of retiring can be implemented from this time on.
One wave after another, the whole country is united and preparing to weather this financial crisis together.
Countless international speculators swarmed in like sharks smelling blood and began to short the Japanese yen crazily.
Through Wall Street capital led by Balk, they used U.S. dollars to purchase a large number of Japanese yen bonds and Japanese yen-related funds, and then came to Japan to sell a large amount of Japanese assets and then exchange them for U.S. dollars.
Over and over again, Japan's U.S. dollar reserves are constantly being depleted, and the reserves are flowing away like running water, forcing the Ministry of Finance to use overseas high-quality assets to pay off debts.
Because of the domestic currency, international speculators do not buy it, so they can only sell high-quality assets through intermediaries, exchange them for US dollars, and then repay those people.
Shorting currency is essentially a hedging behavior. Speculators short the Japanese economy, and the local government can only be forced to go long, and the winner will be determined in the end.
If it were just the behavior of speculators, the damage to the Japanese economy would not be so great. The main reason is that ignorant people have followed suit and exchanged foreign currencies.
The Treasury Department had accumulated trillions of dollars in reserves for more than ten years, but almost all of them were depleted in a short period of time. It also transferred nearly more than 300 billion US dollars of U.S. debt it originally held.
In this currency hedging, speculators won a big victory, and it ended with the Ministry of Finance spokesperson bowing and apologizing.
Officials have made it clear that they are no longer able to resist the scythe of speculators and can only let the people seek their own blessings.
As soon as the news came out, the exchange rate of the Japanese yen against the US dollar plummeted by 12%, and the wealth of countless citizens was harvested.
A country's exchange rate may seem high-end, but in fact it is closely related to everyone living in this country.
Take a bottle of Coke as an example, it costs 1.5 yuan in mainland China, 3 yuan in Hong Kong, and 50 yuan in Tokyo last year.
In April, Coke's agent in Japan announced a price increase of 6 yen per bottle.
Inflation causes prices to become more expensive. Things that were originally worth 10,000 now cost 11,200.
The extra twelve hundred dollars was the profit of the speculators, including Rogers.
After hearing Rogers' story, Zheng Yaoyang also had a rough idea of what had happened in recent months.
The US$1 billion originally given to him has now been successfully doubled, with total assets reaching US$2.12 billion.
Zheng Yaoyang looked out the car window and saw ambulances passing by. Someone must have jumped off the building out of thought.
After pondering for a moment, he asked Li Xiaomu: "How much interest will our Jingfang Management pay this year?"
For the past year, it was time to pay the interest for the second year of the two-year contract.
It's just that it's not a good thing if house prices fall too much. According to Li Xiaomu, many customers who originally took out mortgages would be reluctant to part with their mortgages unless they were particularly strapped for funds.
If you hold it and don't sell it, it will always be a profit or loss on paper. Once you sell it, it will be a real loss.
This has also resulted in that they are still burdened with 2,650 properties, and they will have to buy them back and return them to their customers by today next year.
Li Xiaomu replied: "Mr. Zheng, because we pay based on a percentage of the house price, we are expected to pay 31.8 billion yen in interest this year."
Houses are fixed assets. No matter how they fall, their value remains. Now in Tokyo's 23 wards, many places are seeing a rebound, with the average price per unit rising to 120 million.
Including the principal and the interest to be paid this year, Kyofangli's total liabilities reached 349.8 billion yen.
Fortunately, the assets they hold are all in US dollars. During this period, the yen fell sharply and the exchange rate rose from 132 to 147.
In other words, they need to pay a total of US$2.37 billion to completely liquidate Jingfang's position.
Zheng Yaoyang pondered for a moment and then asked: "In addition to Rogers' investment department, how much funds are there on the account?"
Li Xiaomu replied: "In the past six months, our company has fully paid the default fees of more than 200 contracts, and currently there is still US$1.75 billion left on the account."
Zheng Yaoyang calculated in his mind that after adding the two and deducting the company operating tax, there would be about 1.35 billion US dollars.
Among them, 700 million was the initial principal, and he personally held 70% of the shares, making a profit of approximately US$455 million.
Zheng Yaoyang ordered: "Take another 500 million US dollars and hand it over to Jim's investment department. The remaining 1.25 billion and 250 million will be used to pay this year's interest. The remaining billion will slowly buy back the properties needed for delivery next year."
If real estate is purchased on a large scale in a short period of time, it will inevitably cause a rebound in the real estate industry, so from now on, they will slowly buy back real estate.
Li Xiaomu nodded and said he would do it immediately.
Zheng Yaoyang looked at Rogers: "Jim, you have three things that must be completed before the next quarter."
"First clear the positions. The current Nikkei Index is basically at the bottom. Selling can maximize profits."
"Secondly, contact President Fujiwara of Mitsubishi Bank and ask them to assist us in controlling Fujitsu."
"Finally, use the remaining funds in your account to buy international crude oil futures contracts."
When Rogers heard this, he frowned. The first thing he agreed was that although the Nikkei Index would still fall, leaving now would maximize the benefits.
When shorting the market, the most taboo thing is to be greedy for too much. Once you run slow, all the money you earned before will be instantly returned to the market, and even losing money is normal.
The second thing is that Zheng Yaoyang explained last year that their shareholding has reached 14%.
As long as you contact the president of Mitsubishi and those shareholders who have been contacted in advance, you can quickly complete the holding of Fujitsu.
He just couldn't understand buying international crude oil.
Since the early 1980s, oil deposits have been discovered in various countries around the world, and oil prices have continued to fall.
From the initial price of 34 US dollars per barrel, it has dropped to more than 11 US dollars today. The energy ministries of various countries are optimistic about the continued growth of oil output in the coming year.
Zheng Yaoyang's current purchase of crude oil contracts shows that he is optimistic about the future market rise, which is contrary to the news from the energy ministries of various countries.