the next period of time.
Following Nao Nagano's instructions, Japan's bio-investment department launched large-scale arbitrage transactions between the yen and the Thai baht.
The Thai Baht has a fixed exchange rate.
The interest rate is 10% again, and after the Bank of Japan cut interest rates, the interest rate is 5%. With the BOT as a guarantee, the interest rate of double is obviously a sure profit.
At the same time, the large amount of Japanese yen flowing into Thailand has driven the booming development of Bangkok's real estate and the continuous rise of the Thai stock market.
Almost at the same time.
Because of its fixed exchange rate, Dahan also suffered from arbitrage transactions by international capital.
In just a few months, the hard-earned foreign exchange was wiped out by the interest rate differential due to the need to stabilize the exchange rate.
Discover the seriousness of this problem.
The Central Bank of the Han Dynasty acted quickly and merged the dual-track currency system. After the unification, the exchange rate was around 8 yuan.
Overnight, the official exchange rate changed from 4.5 to 8.7. Although many institutions involved in arbitrage transactions made money from the interest rate difference, they suffered heavy losses in currency value.
This depreciation rate.
No one expected this.
Many financial institutions around the world suffered huge losses as a result, except for Japan Insurance, which escaped the disaster because it was forbidden by Nagano Nao to take advantage of the interest rate spread of the big man.
Aoyama, who was originally dissatisfied with Nagano's straightness, was stunned.
While cursing the hooligans, I also felt extremely relieved.
Otherwise, if he was cheated out of hundreds of millions, his career would be over.
This way.
Although Naoio Nagano has not officially taken office as president, his prestige in the company has been thoroughly consolidated.
the next period of time.
The Federal Reserve raised interest rates again, by 75 basis points at a time, causing severe damage to the lira and krona, which had just stabilized in the European currency market.
The Bank of Japan launched large-scale QE and cut interest rates by 75 basis points, causing the yen to depreciate from 90 to 1:110 per dollar.
Prices in currency markets fluctuate widely.
It has had a terrible impact on emerging markets.
Because of the US dollar interest rate hike, the yield on government bonds has soared to 5%, just like a pump in the financial market, strongly absorbing capital from other countries to obtain fixed income in US dollars.
The depreciation of the yen means that Japan has started a price reduction sale, depreciating from 79 to 110.
The practicality of Japan's manufacturing industry is no match for even Britain, France, the United States and Germany. They had to use the Plaza Accord to suppress it administratively, forcing the yen to appreciate from 200 to 80. This snatched away a portion of Japan's manufacturing trade share, forcing Japan to abandon the mid- and low-end trade markets and develop along the high-tech route.
The yen has now depreciated so much, which means that the export price of Japanese-made products has dropped by more than 40%.
The development of Thailand, Malaysia, Indonesia and the Philippines in recent years has been based on low labor costs and low sales prices to engage in high-intensity, low-tech industries and earn a lot of foreign exchange.
Now Japan is suddenly lowering prices and having a big sale, which is a complete dimensionality reduction attack.
In just half a year, Japan's trade exports increased by 40%, while the trade exports of the four little tigers suffered a severe blow, their market share shrank massively, their ability to earn foreign exchange weakened, and their trade balance changed from a surplus to a break-even.
This year, the economic landing plan finally showed results.
As the yen depreciated, the export share of major companies increased significantly year-on-year.
With the bond market as a new reservoir, the bursting of the bubble economy did not cause inflation due to the outflow of seawater from the real estate industry.
Life suddenly became better.
Even the real estate market has stopped falling and stabilized, with the price of properties in Tokyo rising from 100,000 to around 150,000.
Everything is moving in a good direction.
After one year of development, Youlian Group acquired more than a dozen bankrupt banks and used the Internet to launch online financial business. Its small and medium-sized financial business suddenly became the largest institution surpassing Sanhe Bank.
But don't know why.
As one of the major shareholders of the Youlian Group, Sakurako Ikeda is not at all happy about the rapid expansion of the company.
She looked like she had gone mad.
He either smashes things around the house all day long or behaves recklessly, throwing large parties and serving Nagano's straight wife all over, leaving Nagano with a green head.
this day.
New Year's Day of 1995 came again.
New Year should have been a happy day, but Sakurako Ikeda's villa was in chaos.
When Nagano Nao arrived, Ikeda Sakurako's eyes were red, she looked haggard, and her clothes were disheveled. It seemed that she no longer had her usual calm and wisdom.
But she seemed unaware of her condition.
He used a knife to cut the clothes on Ikeda Xiaoye bit by bit, using an almost humiliating attitude, bullying Xiaoye until her face turned red and there were tears in her eyes.
Seeing Nao Nagano arrive.
Ikeda Xiaoye knelt on the ground and burst into tears: "Nakamura-kun! Please, help the young lady!"
"Sakura!"
"roll!"
Ikeda Sakurako scolded.
There was a hint of madness on his face and his eyes were full of confusion.
The perfect and strong woman in my heart seemed to have a new soul.
Nagano Nao twitched in pain.
Facing the knife in Sakurako Ikeda's hand.
Nagano Nao just strode over.
after all.
The eyes regained some clarity.
The long knife in his hand fell to the ground with a clang.
Being held.
Ikeda Sakurako murmured, "Am I really ugly now?!"
"No! You will always be the woman I can never have! You will always be so beautiful!"
"Really?"
"Ok!"
"Fuck me!"
"..."
"You don't want to fuck me?"
"..."
"I'm dying!"
"Will not!"
"Don't comfort me and satisfy me with lies that you don't even believe in, while I still have my sanity!"
Calm eyes.
Bursting with a bright color.
But beneath the calm surface of the lake, there hides a madness that could erupt at any time.
Nagano Nao thought he had long stopped believing in love and only had an instinctive need for women, but now, he suddenly found that he actually fell in love with this woman.
"Fuck me! Hurry up..."
"..."
one day.
Two days.
The next half month.
Nao Nagano has been staying at Sakurako Ikeda's residence.
Communications were shut down and all work stopped.
But even though my body felt hollowed out, I felt an indescribable pain in my heart.
These days.
Ikeda Sakurako is getting crazier and crazier.
That kind of madness is like losing one's mind.
There's nothing else to do but vent.
Almost as soon as I wake up, I want Nagano Nao's body.
Although they had seen each other's bodies over the years and Nagano Nao really wanted to get this woman, he had never thought of doing it in this way.
The day came to January 1th.
this day.
early morning.
Then Ikeda Sakurako bit Nagano's back: "Wait, I feel dizzy!"
"Are you too tired recently? Then take a rest!" Nagano Nao said tenderly, gently wiping the sweat from Ikeda Sakurako's forehead.
Sudden.
The big bed creaked.
Then the room began to shake violently.
Like an earthquake.
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