Chapter 851 Fuji Bank’s Attitude

Author: Khurav

Chapter 851 Fuji Bank’s Attitude

"Yes, I admit that the treatment of Japanese workers is better than that of American workers. The wages offered by Japanese companies in the United States are also not low. What next?"

In an era when the average salary of a Japanese worker was 3 million yen, or at least 12,000 yen in US dollars.

Carter could not refute Yasuda Reito's point of view.

Because just looking at theory, the treatment of American workers is not as good as that in Japan. If we look at reality, the gap is even greater!

Today's U.S. labor market is quite like a diode. In the context of the explosion of science and technology, the treatment of some employees in the emerging technology industry has become worse due to the mismatch between supply and demand and the extremely high added value of the products.

Climb higher and higher!

Take the software and IT industry as an example. With the promulgation of the new software intellectual property protection bill, while the price of software has increased dramatically, software companies of all sizes want to recruit qualified programmers.

As far as Carter himself knows, the average annual salary of Microsoft employees today is about $40,000. It is four times that of an average middle-class American!

But in traditional industries, affected by the economic environment, layoffs and salary reductions are common. Industrial workers who are struggling to survive can get an annual salary of US$8,000 a year in the United States today. That is all because of the powerful trade unions. Completely

There is no way to compare with Japanese companies!

"Do you want to occupy the United States economically? Mr. Yasuda should understand that this is an unrealistic delusion. No vested interest group will be willing to give up its own interests. Before you occupy the United States economically, they will definitely destroy you first.

The foundation of!”

"Don't think I'm being alarmist. In fact, in the United States today, except for our Ministry of Finance, which has a mild attitude towards Japan, many people are hostile to Japan, including the military!"

Is this a threat?

It can be counted or not!

As a member of the business community, when he occasionally attended gatherings, Carter often heard such things as "Why do we still have to endure the squeeze from the Japanese?", "Don't we have troops stationed in Japan?", "They must bow their heads" and so on.

argument

"Yes, if we want to occupy the United States economically, we certainly don't have the ability."

Hearing Carter's almost direct threat, Yasuda Reito's expression didn't even change. He understood that the gap in comprehensive strength between the United States and Japan was one thing, but no matter how Carter looked at it, he felt that this guy seemed to be used to it.

It was as if he had heard similar arguments more than once.

"But do you really have the courage to defeat all odds? Maybe Mr. Reagan has the courage, but his term is always limited. I believe there are still many people who love peace and are good to Japan, right? You said,

If we tried our best to support him, would the scene you described still happen?"

"How much effort will you have to put in? Moreover, how can you ensure that the so-called good friends with Japan can always maintain good relations with Japan?"

Through the change of presidents, a person with completely opposite positions is promoted, and the American version of "people die and politics rests" is a good idea, but Carter is not too anxious.

Too lazy to say anything, public opinion

Too far!

"Although the United States claims that everyone is equal, you and I both understand that this is just a lie. An Asian federal official who can treat each other with you and has a high degree of identity has never stepped into the White House in the United States today.

Qualifications. Even if you want to find an interest representative, you can only find a white person, right?"

"And now, a white man is right in front of you. Why can't we talk about it? Mr. Yasuda!"

"Hahaha, well said!"

After a heated exchange of words, Yasuda Reito gently slapped his hands twice:

"I'm surprised that Michio Yasuda can meet a friend like you. Yes, since I always have to talk to a white person, I have no reason to refuse to talk to you."

"Let's talk about the interest rate issue first. I wonder what your target is this time? Can you tell me?"

"It's not that I want to hide it, it's me. Mr. Yasuda, you have seen it! At my current age, even if I am not an intern, I am just a low-key clerk in the Ministry of Finance. Treasury Secretary Reagan, Chairman Volcker and other big officials

I definitely don’t know the psychological goals of these guys. But I personally have some guesses about this, but I can’t make it true.”

"Oh? Tell me!"

“220 to 1,220 yen for 1 dollar!”

Looking directly into Yasuda Reito's eyes, Carter reported a target that could not be said to be false, but could not be said to be real.

"For the first stage, I think 220 yen may be a standard that is more acceptable to both parties. The exchange difference that occurs for every 1 US dollar is reduced by 30 yen. When placed in large transactions, the additional profits of Japanese-funded enterprises are reduced.

There’s a lot of space!”

"For every 10,000 U.S. dollars, the additional profit earned by Japanese-funded enterprises will be reduced from the original 500,000 yen to 200,000 yen. This will not completely eliminate the competitive advantages of your Japanese-funded enterprises at once, but it can also be regarded as giving us

American companies give an explanation. For example, Caterpillar has been the most dissatisfied with the exchange rate issue between the United States and Japan."

"In terms of their demands, Mr. Yasuda should have read the Morgan Report. What they want is 200 to 1."

"220"

Staring at the tea in the cup, Yasuda Reito didn't speak for a long time.

The impact of exchange rate changes is by no means limited to the foreign trade activities of manufacturing companies. For Fuji Bank, how many US dollars do they have in reserve and what can they do in response to the appreciation of the yen.

Japan's interests are important, but their interests

"You are indeed very sincere. If the exchange rate can eventually be controlled to fluctuate around 220 to 1, we will accept it. I can directly say that it is not easy to control the exchange rate stably at 220 to 1!"

"You are coming so aggressively this time that almost the whole world's attention is now focused on Japan. In recent times, the foreign exchange volume has increased significantly. Speculators and financial institutions, large and small, are waiting for the appreciation of the yen. Here

Affected by stock sentiment, once the appreciation of the yen starts, it is difficult to stop it. Yesterday, President Satoshi Sumita of the Bank of Japan came to see me, do you know what he asked me?"

"You should be asking about Fuji Bank's stock of yen currency, right?"

This question is not difficult to guess

In a market economy, currency can also be regarded as a commodity from a certain perspective. The appreciation of the yen is equivalent to an increase in commodity prices. If you want to balance prices, of course, in the relationship between supply and demand, increase supply and make more things.

Cheap situation.

Increasing the number of yen circulating in the market will naturally solve this problem. As mentioned earlier, if we simply rely on the Bank of Japan to activate the money printing press to increase supply, then the extra money will

Just some extra thunder!

If possible, the Bank of Japan does not want to start printing money indiscriminately. The best way is to temporarily withdraw illiquid currencies such as residents' deposits in major banks to calm market fluctuations.

After the market stabilizes, the money will be returned to residents' deposits.

Compared with printing money, this method has the smallest impact on the macro economy!

Japan's coordinated government can precisely integrate the resources of Japanese enterprises.

Aren’t monetary resources also resources?
Chapter completed!