Chapter 890 The abnormal performance of the Japanese market after the Plaza Accord

Author: Khurav

Chapter 890 The abnormal performance of the Japanese market after the Plaza Accord

New York, Central Park.

In September, the park is still full of greenery, and the temperature is on the hot side. Today is another Sunday.

Against the background of the crowd of tourists, Carter was sitting by a flower bed, swinging his crossed legs, thinking about possible situations that would arise in the recent period.

Optical fiber construction is the direction that DOG Construction must transform. In the past era of economic crisis, Douglas relied on a series of "export" businesses to other states to become one of the few, or even the only, profitable companies in central and southern Georgia.

The only city of money.

In that context, Douglas has no shortage of incoming people. The increase in net population inflow has brought about the prosperity of Douglas’s real estate and infrastructure industries in recent years. But with the end of the era of high inflation, in the next period, the demand for this part will

It is already visible to the naked eye that there is going to be a decline.

So, finding a new way out for DOG Construction and preserving the jobs of the nearly 10,000 employees of DOG Construction are the most important things in my business today. And the cost of fiber optic channel construction is high! Very high!

Yale's project, because its purpose is not pure, basically makes no money; the construction of communication pipelines between Black Flag Bank branches in Georgia is also a left-handed matter, which is basically equal to pure investment; the third step

Forget it, let’s not think about the third step yet!

It is only the second step to build a communication network between Black Flag Savings Banks. The first phase of the project, even if it is just a line connecting Douglas Head Office, Pearson Branch, and Argyle Branch,

The pipeline mileage must exceed 200 kilometers!

The cost of constructing two hundred kilometers of optical fiber pipelines is, at most, slightly lower than that of two hundred kilometers of highways. Even if all the $40 million is invested, it is far from enough.

Where can I find more money?

Holding his chin with one hand, Carter unknowingly lowered his legs and frowned slightly.

His eyes followed the cracks in the floor. Opposite the flower bed where Carter was sitting, there was a newsstand. Then Carter saw an advertising poster.

ATT!

In 1984, when the cellular communication network for mobile phones in the United States was completed and "Big Brother and Big Brick" officially entered the stage of history, a major event in the telecommunications industry also occurred: the split of ATT!

In 1974, the U.S. Department of Justice sued ATT for violating antitrust laws. This lawsuit lasted for eight years. But this time, ATT did not win the case. In 1982, ATT, which lost the case, finally won the lawsuit in 1984 after two years of preparation.

was split. In this split, ATT was split into eight parts

Among them, ATT, which retains the name of the parent company, will specialize in long-distance telephone and communication equipment manufacturing business; in addition, all city or intrastate call services have been divided into seven regional Bells.

Staring at the newsstand, it was already an advertisement for long-distance phone company ATT promoting its own phone cards. Carter couldn't help but have a flash of inspiration in his mind, as if he smelled a hint of opportunity.

Let’s just say, will Southwestern Bell, which will be responsible for the local phone business in Georgia, be interested in fiber optic communications?

Time flies while pondering this possibility!

In the blink of an eye, a burst of noise began to sound in the direction of the Plaza Hotel.

The finance ministers of the five countries taking pictures in front of the hotel, as well as the reporters rushing back to the car to rush to the newspaper for additional issues, together formed the scene in front of Carter.

After stopping a reporter and paying $500, Carter quickly obtained the contents of the press conference. Unfortunately, there was still no mention of policy intervention.

Monday, September 23rd.

The foreign exchange markets of four countries except Japan are open!

Because Japan is on the autumnal equinox holiday on September 23, Japanese financial markets are still closed. For this reason, at the G5 meeting in London, Bundesbank President Peer expressed dissatisfaction: "Why do we find such a reason again?"

"

Just like Lieutenant General Livesey's dissatisfaction with the Koreans' chicken thieves, Governor Pell also felt the unique "chicken thieves" of East Asians in the Japanese.

It may be a coincidence, but it may also be a deliberate delay in action so that Germany can test the waters first and look at Japan through the minefield. There is no movement today. But Japan's immobility does not mean that other countries are immobile.

As of the closing of the market on the 23rd, the US dollar-to-yen exchange rate in the European market had dropped from 1:242 to 1:230. The US market responded even more rapidly, falling directly below 230, and the final exchange rate was fixed at 1:225.

A decrease of about 5%.

On September 24, Japan’s market opened.

Perhaps because of the small decline, Japan was much bolder when the market opened on the 24th. On the 24th alone, the Bank of Japan released US$1.2 billion into the market, and the opening price continued the previous day's

The international exchange rate is set at 1:230

But the strange thing is that I don’t know whether it is because the Japanese financial market is closed or because the Japanese nationals, who are the main participants in the Tokyo financial market, are too thief.

Everyone knows that the Japanese yen will appreciate and the US dollar will depreciate. As a result, no one has taken over the US$1.2 billion.

By the time the market closed on the 24th, let alone lower, the exchange rate of the U.S. dollar against the yen in the Japanese financial market rose instead of falling, and finally closed at a price of 1 to 230.4.

Also within these two days, on Monday, President Reagan released a new foreign trade policy. In this foreign trade policy, Reagan directly criticized many U.S. trading partner countries by name.

As Japan has the largest trade surplus with the United States, it is natural that it will inevitably bear the brunt of Reagan's criticism.

Such a policy was originally intended to deal with trade protectionist sentiments in the U.S. Congress. Perhaps the direct naming from the United States is also the culprit that caused the reaction of the Japanese financial market to be completely opposite to that of the international market?

Even the dignified America named her and said: Japan is a bastard, it tries to trick me and take advantage of me.

He made it clear that he wanted to attack Japan, so Japan showed no interest in the US dollar?!

Think about the current situation in which the Republican Party occupies the majority of seats in the U.S. Senate, and the Republican Party is mainly concentrated in industrial real estate, industrial manufacturing, etc.

They are the ones most affected by Japan. Even the president cannot ignore the opinions of "old comrades", right?

Such an announcement to appease colleagues seems to have had the opposite effect.

"It's okay, rest assured. James has already had a phone call with Noboru Takeshita, and the Japanese side has promised to continue to increase the intensity of selling US dollars on the 25th. However, are you sure you want to sell the Japanese yen in your hand so early? In today's world

Things have changed, now is the era of a strong yen. If you stay for a while, I believe your returns will be higher!"

"How about you say hello to Chairman Volcker for me? Let me go first?!"

Carter rolled his eyes helplessly. If he had the time, capital, and confidence, he would be willing to keep the yen longer. Historically, Carter remembered that at its peak, the yen could rise to 120 yen for 1 U.S. dollar.

!

At that time, my profit was close to 100 million

But now.

"I only have five days, and the FDIC is still covering for me. Tomorrow is the last day. If there is still insufficient funds in the savings account, it will inevitably lead to a regulatory investigation by the FDIC. To be honest, I regret it now.

There was no need to sell the yen on the 23rd, when market sentiment was at its strongest."

"When the situation in Japan comes out today, people will probably be agitated again. The 'untrustworthy' Japan is somewhat worrying that they will renege on their word. In tonight's "Flomont", conspiracy theories came out, saying that Japan is doing this

It is a superficial promise, but behind the scenes, it is also secretly increasing the supply of Japanese yen money to hedge against the impact of the depreciation of the US dollar.”
Chapter completed!