Chapter 972: Harvest season

In 1984, promoted by state legislators from the "Great Lakes" region, which was most affected by Japanese imports, initiated a large number of protectionist bills against Japan in the U.S. Congress, and these bills were supported by the Democratic-majority House of Representatives at the time. , The slogan of "revitalizing basic industries in Rust State" also made their propositions loud and high-sounding. Therefore, the "Miwa Trade Resolution" was passed by Congress with an overwhelming advantage, known as the "Denver Resolution" in history.
This is a bill full of trade protectionism. However, the Democrats who promoted all of this were not satisfied with it. Another more radical "Emergency Trade and Export Promotion Act" was soon released. In these two bills Under the authorization of the United States, the United States has publicly threatened to retaliate against the Japanese country in accordance with the "301" clause, which stipulates that all countries whose exports to the United States exceed 65% of the imports from the United States will be imposed on their imports. 25% tariff!
This was not over yet. Then, the Americans forced the Japanese government to agree to a series of "financial reform measures", which were mainly manifested in: opening its financial markets to foreign capital, the yen must be internationalized, interest rates liberalized, and foreign financial capital must be liberalized. Japan’s control and restrictive measures, to expand the freedom of foreign investment in the country’s financial market!
Let me talk about conscience again. Master Tan Er really just took this ride again. Compared with the huge sum of money that flooded into the financial market of the country with the implementation of these "reform measures", Master Second The two to thirty billion dollars directly or indirectly controlled are just the size of the guerrillas.
However, his "guerrilla" combat objectives are very clear, and the execution steps are extremely detailed. For example, the large amount of liquid assets that he can use in the previous period of nearly a year are replaced with yen assets. With this alone, you will be able to obtain high profits from the yen assets that appreciate with the appreciation of the yen. For example, use these slowly accumulated chips to implement the first step-full position from today. Add ten times the leverage to make more yen!
The series of measures taken by the U.S. against the U.S. forced the U.S. government to wake up from the joy of victory over the huge trade surplus with the U.S. It was very smooth in diplomacy, and was dubbed "wind see chicken" (translated into Chinese as " "The wall has fallen on both sides" means) The nicknamed Prime Minister Yasuhiro Nakasone realized the crisis and was anxious about it. The Minister of Finance Takeshita was also worried about this. Within a year, the U.S. Congress submitted more than 400 countermeasures. Although President Reagan vetoed most of the Japanese trade protectionist proposals, what about a new president? Or is Reagan unable to bear the domestic pressure?
And there is a crisis.
After so many years of rising, the US dollar exchange rate has reached a very high position. Compared with its domestic economic data, which is not too brilliant, it has obviously accumulated a lot of risks. If this is the US dollar The sudden collapse of the exchange rate meant that the disaster brought to the Japanese nation was too serious, because after passing the foreign trade surplus for these years, the Japanese nation accumulated too many liquid assets in U.S. dollars. Once a large-scale depreciation, it will bring to the Japanese economy. Great loss!
After several disputes, the Japanese cabinet finally decided on measures to solve this series of problems. Instead of letting the U.S. dollar depreciate uncontrollably, it is better for the yen to actively appreciate it and gradually replace part of the U.S. dollar assets with yen assets, which can effectively hedge the U.S. dollar. At the same time, the domestic financial market was further liberalized at the request of the Americans, and the Japanese yen was freely convertible to the US dollar, striving to make the Japanese yen the world's major currency in circulation and one of the major reserve currencies of all countries!
Everyone hopes to be able to buy it all over the world with printed paper like the US?
The Japanese government even formulated a phased yen appreciation plan for this purpose, ready to accept the result of a 10%-20% appreciation of the exchange rate against the U.S. dollar.
They optimistically estimate that an appreciation of this magnitude will only have a negligible impact on the economy of the country, but it can completely dispel the American people's idea of ​​targeting them, and at the same time reduce part of the high dollar crisis.
As long as all this is within the controllable range.
Therefore, after a series of diplomatic consultations and mediations, the Minister of the U.S. Minister Takeshita Nobori finally came here today. He will work with U.S. Finance Minister James Baker, West Hans Finance Minister Gerhard Stodenberg, and Gao Lu Finance Minister Pierre Bergberg and British Finance Minister Nigel Lawson are here to hold an important meeting to determine the direction of the global economy in the coming years.
He took a deep breath, stabilized his mind, glanced again at the plaque of the "Plaza Hotel" in front of this artistic building, and stepped in.
...
Tan Zhenhua finally ended his more than ten-hour air journey and walked into his apartment tiredly, but he still can’t rest today. Will the meeting held at the Plaza Hotel in New York achieve the same results as his previous life? , Let him worry about it.
Although he has been away for some time, Aunt Cindy is still putting the latest daily newspaper on the sofa as always. Tan Zhenhua walked over and picked up the top one as soon as he walked in. "San Francisco Chronicle", and then on the front page of the headline, a big black-and-white photo caught his eye.
This is a group photo of the finance ministers of the five countries who participated in the talks at the Plaza Hotel after the meeting. From the natural smiles and relaxed expressions on each of them, they all believed that the meeting had achieved what they wanted. I am very satisfied with the agreement reached.
In this headline news report, it described in detail the speeches of the finance ministers of the five countries at the joint press conference held after the meeting and a brief introduction to the content of the agreement: They announced that they had been friendly They reached a consensus on major economic issues and solutions. The yen and the mark should appreciate sharply to recover the overvalued U.S. dollar price; in order to achieve this goal, the five governments will jointly intervene in the foreign exchange market so that the U.S. dollar The major currencies have been adjusted downwards in an orderly manner to resolve the huge trade deficit of the United States.
Because this agreement was signed at the Plaza Hotel, in the San Francisco Chronicle, the agreement was called the Plaza Accord "Plaza Agreement", and Tan Zhenhua was reading other articles such as The New York Times, The Washington Post, etc. When the major newspapers found out that they also called the agreement the same.
Tan Zhenhua carefully read all the newspaper reports about this meeting one by one, and finally confirmed that at this time and space, the direction of this historical event has not changed because of his chaos.
Then, the season for harvesting is here!
He dropped the newspaper, walked to the floor-to-ceiling window in the living room, pushed it open, took a deep breath of the slightly salty air, and looked at the refreshing night sky washed by the sea breeze from the Bay Area.
The moon is as white as water and a little starry.