Rebirth of the Great Entertainment Empire

Chapter 444 Starting to close positions

This time, Xu Cun and his family stayed on Musha Island for a long time—it was not until the end of April that Xu Cun returned to Xiangjiang with his family.

After two and a half months of long vacation, Xu Cun's exhaustion disappeared. At the same time, during this period of time, Xu Cun created many more lives—Ye Qianwen became pregnant for the third time. Zhao Yazhi, Luo Meiwei, Xixie Michiko, Bai Anni, and Yang Liqing are pregnant for the second time. Zhou Huimin, Zhu Baoyi, Maggie Cheung, Tomita Yasuko, Ye Yuqing, Zhang Min and Ye Quanzhen are pregnant for the first time.

By the way, Xu Cun didn't move Lin Zhiling—although Lin Zhiling immediately cited the examples of Noguchi Nanako and Miura Rieko, Xu Cun still pushed Lin Zhiling out when he was having sex with Li Ting. The reason why Xu Cun is like this has nothing to do with morality. In fact, Lin Zhiling is far less developed than Nanako Noguchi and Rieko Miura. Therefore, Xu Cuncai gave Lin Zhiling a little more time to develop.

...

As soon as he returned to Xiangjiang, Xu Cun gave Yuan Tianfan, He Chaoqiong, and Lizhi an order to start closing positions at a uniform speed, and all positions will be closed before October this year.

Since the implementation of the Plaza Accord, the exchange rate of the yen has been rising all the way.

Up to now, the exchange rate between the US dollar and the Japanese yen has broken through the 1:16 mark.

Today, the U.S. dollar is still rising sharply against the Japanese Yen. At present, the United States is still facing troubles such as economic depression, fiscal deficit, trade deficit, high domestic employment pressure, growing national dissatisfaction, and is still plagued by overdue debts. Therefore, the U.S. government authorities headed by U.S. Treasury Secretary James Baker and experts represented by Fred Bergsten (Director of the Institute for International Economics) have continued to verbally intervene in the U.S. dollar. The exchange rate of the US dollar is still on the high side, and there is room for it to fall. The dollar continued to fall sharply against the yen on hints of a hawkish stance from the U.S. government.

In other words, countries are still selling dollars while absorbing yen and marks, and then market investors are continuing to sell dollars, while countless international speculators are looking for yen and marks in currency markets around the world. As a result, the U.S. dollar continues to depreciate significantly compared to the Japanese yen and the Mark.

In such a big environment, it would be too easy for Xu Cun to liquidate his position. Even if Xu Cun threw out all the yen in his hand, it would be swallowed up by the crazy international currency market in a very short time!

There are two main reasons why Xu Cun did not throw out all the yen he hoarded:

The first one is naturally that Xu Cun does not want to stimulate the crazy international currency market, and then let the international currency market cool down in advance.

The second is that the sharp appreciation of the yen against the U.S. dollar produced by the Plaza Agreement is far from over—at present, the yen is still greatly appreciating against the U.S. dollar, and this appreciation will continue until 1988 At the end of the year, it will start to fall in 1989. Even if the G5 signed the "Louvre Agreement" (in 1987, the G5 countries met again in the Louvre Museum in France to review the impact of the abnormal depreciation of the US dollar on the international economic environment since the Plaza Agreement, and the use of exchange rate adjustments to reduce the US trade deficit. As a result, the U.S. export trade has not grown during this period, and the crux of the U.S. economic problem lies in the huge domestic fiscal deficit. Therefore, the Louvre Agreement requires the U.S. to no longer force the yen and the mark to appreciate, but to reduce the government budget and other domestic economic policy to save the U.S. economy.) failed to change the fate of the rising yen.

As for why Xu Cun doesn't hold the yen all the time, we have to talk about Xu Cun's character——Xu Cun has never been a gambler, so he won't bet on the money held in Paris, France on February 22 next year. Whether the meeting of finance ministers of the seven countries held in the Louvre can change the fate of the yen's continuous appreciation, even if he has a large chance of winning. Moreover, once the Louvre agreement is reached, countries will start to stop and suppress the selling of US dollars. At that time, it will be relatively troublesome for Xu Cun to withdraw from the market. In addition, from the end of 1986 to the signing of the Louvre Agreement, the Bank of Japan will lower interest rates five times in a row to actively control the appreciation of the yen. Xu Cun also wants to avoid encountering this.

Of course, Xu Cun, who has always been greedy, did not completely liquidate his positions—the yen hoarded by Baye Bank and the yen he hoarded at Bank of China Group, Xu Cun was going to wait until October before selling.

...

Japan.

Tokyo.

Chiyoda Ward Financial Street.

Inside the president's office at Mitsui Bank's headquarters.

When the three lawyer teams brought by Xu Cun checked the relevant procedures of Huangtu Land, which Xu Cun mortgaged to Mitsui Bank, Xu Cun chatted with the president of Mitsui Bank while drinking tea:

The president of Mitsui Bank said sourly: "Congratulations, Xu Sang, you have earned at least one trillion yen in just one year!"

Xu Cun took a sip of his tea and said, "If it's really like what you said, that's fine. I've converted all the money I borrowed from Mitsui Bank into US dollars and RMB and invested it in my various industries in China and Xiangjiang. It's in the middle."

It would be strange if the president of Mitsui Bank fully believed what Xu Cun said—the president of Mitsui Bank is not stupid, how could he not have thought that if Xu Cun hadn’t benefited from the sharp appreciation of the yen, Xu Cun would Did you come to Mitsui Bank not to repay the money but to talk about continuing the loan?

but--

The president of Mitsui Bank would not believe that Xu Cun made too much money during the sharp appreciation of the yen this time. You must know that for more than a year, the branches of Baye Bank built by Xu Cun in the mainland have already closed. There are more than 3,500, and even DreamWorks Cinemas has increased by 80, becoming 390. In addition, the Baye Plaza project, Xiangshan Building project, Miramar project, DreamWorks Film and Television City project, Xu Cun’s manor on the Shi’ao Peninsula, and the Guoqin Palace in Beijing are all under construction within this year. Among them, the Xiangshan Building project and the Miramar project have been completed, and the Baye Plaza project and Xucun's manor on the Shi'ao Peninsula are all nearing completion. Let me ask, what kind of money would Xu Cun use to support such a huge construction without the three trillion yen loan from Mitsui Bank?

Here, it has to be said that the president of Mitsui Bank is too arbitrary—how could the president of Mitsui Bank, who doesn’t know Xu Cun’s roots, think that Xu Cun not only borrowed 3 trillion yen from their Mitsui Bank, but also borrowed money from Citibank? 3.5 billion U.S. dollars and 2 billion yuan in loans in the Mainland?

Although he did not believe that Xu Cun had made too much money during the sharp appreciation of the yen, the president of Mitsui Bank believed that Xu Cun, who could repay all of their Mitsui Bank loans, had already passed the most difficult difficulty.

Therefore, the president of Mitsui Bank took the opportunity to invite the wealthy Xu Cun, "Xu Sang, I wonder if you are interested in participating in a project that is sure to make money?"

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