Chapter 42 The Plaza Accord Is Coming
Since the signing will have a severe impact on the international foreign exchange market, in order to prevent this impact from fermenting in advance, disrupt the economic deployment of the Ministry of Finance and Economics. Therefore, Minister Takeshita did not disclose his plan to visit the United States until his departure. The Ministry of Finance announced that Minister Takeshita and the head of the Bank of Japan will take part in a charity golf tournament organized near Haneda Airport. When the two set off, some media photographed that they were indeed in sports attire.
After Minister Takeshita and President Sanada swung a few shots on the course, they excused themselves and left the course. Although the media also photographed them leaving, they did not follow. After leaving the stadium, Minister Takeshita and President Sanada drove to the airport immediately, and their luggage and clothes had already been sent to the plane. No one noticed that they left Japan quietly.
After nearly ten hours of flying, the plane finally arrived at an air force base in New York. Under layers of secrecy, Minister Takeshita and his entourage left the airport secretly. In the next few hours, the finance ministers of Britain, France, Germany, and the United States also quietly checked into the Plaza Hotel in New York.
The top floors of the Plaza Hotel now house the finance ministers of several of the richest countries in the world, and they are talking about a plan to change the world. Agents from the Washington Secret Service took over all work on the top floor of the Plaza Hotel, and no one, including the hotel staff, was allowed to enter. At this time, Nastya, who was far away in London, bought all the foreign exchange futures of Japanese yen and US dollar with the latest sum of money according to the latest order of Seryozha.
Seryozha and his companions spent the longest two days in their lives. Everyone asked Yuri for the latest news by phone every day, but it didn't help. It wasn't until two days later that things finally came to a conclusion.
On September 22, 1985, the finance ministers and central bank governors of the United States, Japan, the Federal Republic of Germany, the United Kingdom, and France held a press conference at the Plaza Hotel, announcing to the outside world that the governments of the five countries had decided to intervene in the foreign exchange market to induce the dollar to trade against major currencies. The exchange rate of the currency depreciates in an orderly manner. The press conference hadn't ended, and even the reporters present hadn't finished writing the financial newsletter. Wall Street, not far from the Plaza Hotel, was already boiling. Almost all kinds of institutions began to sell dollars frantically in the market and buy yen and marks. However, those off-site foreign exchange investors can only stare blankly at the wealth at this time, because it happens to be the weekend, and all foreign exchange entrusted trading companies are in a rest period, and only large banks with multinational operations are able to enjoy this wealth. fortune. So in these two days, everyone focused their attention on the Japanese market, because after the agreement was signed, the Japanese foreign exchange market was the first to accept the challenge.
On Monday, September 23, foreign exchange markets in countries in the Eastern Hemisphere ushered in the opening of the market one after another. Japan first ushered in the first round of challenges.
As soon as the market opened at nine o'clock in the morning, the yen/dollar immediately reached the highest point of the year. In the past, the calm foreign exchange market seemed to be thrown into a bomb, setting off a stormy sea. After the market opened, the yen started to rise sharply like a rocket. In order to prevent the sharp rise and fall of the currency, the Bank of Tokyo and the Bank of Japan have been strictly monitoring the fluctuation of the yen.
Is Yen Appreciation a Losing Business for Japan? From the present point of view, it is definitely not, because although the appreciation of the yen has pushed up the production cost of Japan's manufacturing industry, it is conducive to the overseas investment of Japanese domestic financial institutions.
Although Japan's economic status is very high, the Japanese yen has the smallest market among the world's major currencies, and it is not even as important as the Italian lira's role in international settlement. Experts from the Ministry of Finance and the Bank of Japan believe that the appreciation of the yen will expand its application in the field of international settlements, which means that Japan, which lacks resources, can use the yen to buy more raw materials and resources in some parts of the world , thereby indirectly reducing the production cost of Japan's manufacturing industry.
The above two points are the essential reasons why the Ministry of Finance is trying to sign the agreement. Based on this theory, the Ministry of Finance is extremely optimistic about the expectations after signing the agreement, and some bureaucrats in the Ministry of Finance who hold extreme positions believe that it will not be long before Japan can Buy all of America. Under the influence of this trend, those voices of opposition have all been covered up, of course, these are things for later.
After seeing the performance of the Japanese market, Seryozha finally put his heart into his stomach. The stability in the foreign exchange market does not mean that Seryozha can only passively rely on the foreign exchange market to make money. In the evening, with the opening of the London market, the foreign exchange futures invested by Nastia made Seryosha a net profit of nearly hundreds of billions of dollars in a single day.
Out of risk considerations, Seryozha adopted the safest way to exchange currency directly with the Bank of Tokyo through financial channels such as the Bank of Colombia. In the foreign exchange futures market in the UK, only about one-tenth of the total funds are invested. Seryozha knew that this was largely due to investor sentiment. So he decisively commanded Nasja to quickly close the futures contract in hand, and reaped his first fortune.
This amount of money is about 150 billion U.S. dollars. Seriosha intends to transfer 100 billion U.S. dollars and keep it in the empty foreign trade bank account to deal with Ligachev, the mad dog. The rest will continue to be sent through the Columbia Bank Go to Japan and wait for appreciation.
In addition, there is one more thing that needs to be taken care of by Seryozha himself, and that is the problem of Gaidar. Just about a month ago, Gaidar broke into Seryozha's office. Straightforwardly told Sergesha that Ligachev wanted to use him to spy on the details of the Foreign Trade Bank, and let Sergesha pay attention. At that time, Seryozha even thought that Gaidar wanted to be promoted, and he went crazy. It wasn't until Gaidar told Sergey Shale what it was about, that Sergeysha accepted Gaidar's statement dubiously.
On the same day, Seryozha first asked Gaidar to go back and wait for his reply, but he did not enthusiastically accept the economist who took the initiative to seek refuge. However, Seryozha was more careful and asked his friends from the KGB to investigate what Gaidar mentioned. Soon, everything Gaidar said was confirmed.
Seryozha invited Gaidar over, and asked him directly why he didn't accept Ligachev's conditions? Gaidar gave an answer that Seryozha could not have imagined. He said that he would rather exchange the position of deputy editor-in-chief for the position of director of the Youth Science and Technology Cultural Center.
All novels, posts and novel comments on this novel site are updated by netizens! It only represents the personal behavior of the publisher, and has nothing to do with the position of this novel! The copyright of all the novels included in this site is owned by the author! The plot content and book reviews are his personal behavior and have nothing to do with the position of Aishu.com! All authors must abide by the national Internet information management regulations when publishing their works. We reject any pornographic novels. Once found , delete it!