After divorce, I can hear the voice of the future
Chapter 793 Don't stop, please increase the intensity!
Chapter 793 Don't stop, please increase the intensity!
The global capital markets were in an uproar. No one expected that after the turn of the millennium, someone would dare to openly short a country's currency.
Although Soros makes pronouncements about the collapse of China every now and then, it's like crying wolf—if you say it too often, no one will believe you anymore. Besides, all he can do now is talk the talk, without taking any concrete action.
In contrast, Lu Liang, with over $2300 billion in assets and an additional $500 billion already unfrozen, has a minimum of $2800 billion in available funds and is aggressively borrowing yen.
It gives the impression that if he says he wants to short the yen, he will short the yen, and even Jesus appearing in the world couldn't stop him.
"The hyenas are waiting for their chance to strike!"
Fox News used a very apt headline, which took up almost a quarter of the article.
As the title suggests, financial institutions from around the world are following Tianxing Financial's lead in borrowing yen.
The last speculators' feast was two years ago, with Brexit and Trump's election. They are now very hungry and are just waiting for Lu Liang's order to lead the charge and besiege the yen.
In just six hours, Lu Liang's remarks and Tianxing Financial's borrowing of Japanese yen made headlines around the world.
The yen plummeted in response, with the USD/JPY exchange rate falling from 112.5200 to 113.0826, instantly wiping out $25 billion from the $5 trillion foreign exchange market.
The market's dramatic fluctuations are astonishing.
It's worth noting that before Lu Liang even launched his attack, the yen had already fallen by as much as 1%, proving once again to the world his unparalleled influence in the market.
The Japanese Diet convened an emergency meeting, after which then-Prime Minister Azuma Yasuzo held a press conference to strongly condemn Lu Liang's remarks that were pessimistic about the Japanese economy and his attempt to short the yen!
When the news spread to China, it caused a sensation, with millions of netizens joining the discussion.
"How should I put it? Although the Japanese people are innocent, why does it feel so good?"
"Ah~ that feels good. Finally, one day, we can also become the object of others' condemnation."
"Ah~ Ryoko~ Don't stop~ Please increase the intensity!!!"
There was a time when they were the ones expressing condemnation, and countless people in the country expressed extreme dissatisfaction and disappointment with the remarks of the diplomatic spokesperson.
Back then, when we were poor and had nothing, we could still fight 1 against 17 in the north, defeating the allied forces one after another.
Looking back today, China's total economic output surpassed Japan's eight years ago, making it the world's second-largest economy.
Although we know that those who have nothing to lose are not afraid of those who have something to lose, and that today's good days are hard-won, it is understandable that we should be a little weaker in our dealings with others, in accordance with the principle of the happy ones yielding.
But while we can understand, no one who loves their country can accept their nation's weak performance in the face of external pressures.
Although it is currently only in the capital market and is only Lu Liang's personal behavior, it has allowed them to experience a little bit of the pleasure of being strongly condemned by other countries.
Meanwhile, at the Star Financial Center in Central, Hong Kong.
"Mr. Lu, according to our investigation, the Bank of Japan was previously preparing to issue bonds worth approximately 35 trillion yen."
Listening to Xu Jiawei's report, Lu Liang smiled and said, "Ansan's economic situation is also about to collapse."
Since being forced to sign the Plaza Accord by the US in 85, which resulted in the loss of Korea's most important semiconductor industry, the backbone of the Japanese nation was broken that year.
Although Anzo Iwao came to power and promoted a free market economy and loose monetary policy, seemingly helping Japan emerge from its lost 30 years, it was actually just robbing Peter to pay Paul.
After all, Japan is not like the United States. At least the United States can rely on the hegemony of the US dollar, oil, and technology to reap the benefits of the world. But even Japan's most important industry, the automobile industry, is being eroded year by year by the new energy industry of the University of Tokyo.
Now that the east wall has been torn down, the national treasury is in deficit, so the only option is to issue bonds and use loans to make up for the deficit, and then continue to rob the east wall to make up for the west wall.
In fact, it's not just Japan that's doing this; those Nordic countries that don't have industry but have generous social welfare systems have been doing it for a long time.
Japan has held on for a relatively long time, after all, it still has some pillar industries in the country, but now it seems that it will soon be unable to hold on.
Unless Season 3 begins and Japan becomes the victorious nation, reaping the resources and wealth of other countries, this decline is irreversible.
The short-term exchange rate falling to 135 is just the beginning of its decline; in the long term, it's not impossible for it to fall to 150, 200, or even more. "Let Yutao take action. Short the yen and continue until the settlement date on the 21st of next month," Lu Liang said in a deep voice.
The cause of the yen's sharp decline has now been identified, and the reasons are sound and logically sound, so there's no need to worry about anything anymore; just go for it.
Just then, Lu Liang received a call from Ota Rei. After a long silence, he said, "Mr. Lu, someone asked me to talk to you."
"If it's about stopping shorting the yen, then there's nothing to talk about," Lu Liang chuckled, giving a heads-up beforehand.
Unlike Soros, who constantly preaches the collapse of China and only talks the talk without taking any real action.
Lu Liang's shorting of the Japanese yen has already begun, and the whole world is watching; there's no possibility of him retracting his position.
Ota Rei remained silent for a longer time, then sighed, "I will help relay your original words."
“Ota, I remember your term should be coming to an end soon, right?” Lu Liang suddenly asked.
Ota Rei was taken aback, and suddenly felt something, but dared not bring it up: "Mr. Lu, you have a good memory. There are only one year and three months left before the re-election begins."
Sumitomo Mitsui Financial Group was formed in 02 through a merger. Its main entity is Mitsui, also known as Sakura Bank, and its secondary entity is Sumitomo Bank.
Sumitomo Mitsui is like the United States today, with two parties: the Mitsui Party and the Sumitomo Party.
Ota Rei belongs to the Mitsui Party. Including his two-plus-year term, the Mitsui Party has been in power for three terms over twelve years.
The next election will almost certainly be the Sumitomo Party's turn, and despite Lu Liang's support, his chances of being re-elected are very low.
"You're only fifty-three, still young. Are you willing to retire at fifty-five and enjoy your old age?" Lu Liang asked.
It's not uncommon for professional managers to become the actual controllers of companies; on the contrary, there are many such cases.
For example, Mr. Liu from Lenovo and Ms. Dong from Gree were both initially similar to professional managers.
However, one company took advantage of the opportunity of state-owned enterprise reform to transform from state-owned to private, and then to privately owned, while the other created a personal brand to firmly bind the group and the individual together, both of which completed a magnificent transformation in their identities.
Although Ota Rei doesn't have the qualifications to become Old Liu or Miss Dong, with Lu Liang's external cooperation and Ota Rei's internal support, it might be worth a try.
Furthermore, Sumitomo Mitsui Financial Group is the third largest financial institution in Japan, with total assets exceeding 100 trillion yen. It would be impossible for them to forcibly acquire it like New World Development or Chinese Estates Holdings, and Lu Liang does not have that much capital.
However, given the sharp depreciation of the yen, acquiring a small stake to increase Ota Rei's influence and secure his long-term chairmanship of the group should not be too difficult.
After all, in a group like Sumitomo Mitsui, which is formed by mergers and adopts a rotating chairmanship system, the major shareholders don't really value the management of the group; they only care about profits.
As long as the group's profits can increase year by year, they would have no objection even if a pig became the chairman.
Ota Rei was intrigued and decisively stated his position: "Mr. Lu, what do you need me to do?"
Back then, he had already made his stance clear by sending his son to work at Xingheng and serve Lu Liang diligently.
What belongs to the group will always belong to the group. Once he retires, he can't take anything with him. Once he leaves, he'll be forgotten and unable to provide long-term support for his son.
However, with his son joining Xingheng, he could use his position as chairman of Sumitomo Mitsui to seek benefits for Xingheng and deepen Lu Liang's impression of Hitoshi Ota.
That's what Ota Rei thought, and that's what he did.
If it weren't for Mitsui Takahei's disagreement and the group's board of directors' disagreement, he would have already given all of PayPal Group's shares to Tianxing Financial.
Now that Lu Liang is inviting him to join, if he hesitates even for a second longer, it would be disrespectful to his original intention.
(End of this chapter)
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