Chapter 346 Loans
Japan began to implement the economic development strategy of "export-based country" since the 1950s. After entering the 1980s, Japan's export scale increased rapidly. By 1985, Japan had become the world's largest exporter of industrial products. The gradual increase in trade deficit intensified trade frictions between Japan and other countries. Therefore, under the leadership of the United States, West Germany, France, Britain, Japan and the United States signed the "Platform Agreement".
After the signing of the Plaza Agreement, the five governments intervened in the foreign exchange market and began to sell the US dollar. The yen soared. The wealth effect of the appreciation of the yen made the Japanese feel that their wallets were bulging, their income increased, and speculation was growing. The domestic bubble economy was expanding rapidly. At the same time, foreign countries, Japanese people purchased industries around the world, sparking a buying fever. This is the performance of the Japanese domestic bubble economy abroad.
The performance of Japanese companies in the international capital market can be described as wealthy. The over-inflated ambition makes Japanese people think that as long as they are cheaper than domestic, it is a good deal. They even staged an incredible farce such as actively overpaying an negotiated price to buy a building just to break the sales price record of a single building.
The long-term and continuous trade surplus has accumulated a large amount of foreign exchange reserves for Japan and created conditions for large-scale overseas mergers and acquisitions. One of the main destinations for Japanese companies to "go global" is the United States on the other side of the ocean, but in the United States, large consortiums such as Mitsubishi and Sony are all large consortiums such as small and medium-sized enterprises. If they are lucky, they can drink a sip of soup. It is a pity to eat it without taste.
Although this piece of fatty meat in the United States is delicious, it is not something that ordinary people can eat. Even if you eat it, you can't swallow it if you don't have a good tooth. Even if you swallow it, if you don't have a good stomach, you will easily get indigestion and may even drag yourself to death.
Andeng Qingjian turned his gaze to Western Europe, which showed that his head was very clear and self-aware.
Fu Song is also very sober and knows how much he has. After taking advantage of this stock market crash, he doesn’t plan to buy industries in the United States, and buy at most a few stocks with good potential. After a few years of appreciation, cash out, and then invest in several new technology companies. He will make a lot of money during the Internet bubble in the new century...
"I'm not very familiar with Western Europe, so let's forget it this time, but I think it will definitely happen in the future." Fu Song shook his head gently, feeling that it's not the time to waste it, and he still has great use of this money, and most of it has to be transferred to China for investment.
Inoue Eiyu was not surprised at Fu Song's rejection. If it were him, he would not have plunged into an unfamiliar market. "By the way, Mr. Fu, I don't know if you need a loan? If you need it, Mr. Ando can match you up."
Fu Song's heart skipped a beat, but there was no reaction on his face. He asked with a smile: "Is that so? There is such a good thing? Why didn't Young Master Night to tell me last night?"
Inoue said: "This is my proposal, and Mr. Ando agreed."
Fu Song couldn't help but hesitate, picked up the knife and fork again, and slowly cut the steak, but his brain turned rapidly.
He knew very well that the situation at the Tokyo Bank is not optimistic now.
In order to control the Japanese yen exchange rate, the Japanese government has continuously lowered interest rates, even falling to its historical low, reaching 2.5% last month. However, the low interest rate not only failed to stabilize the Japanese yen exchange rate, but also caused a large amount of liquidity in the market, a decline in exports, and a large amount of capital began to flow into the stock market and the real estate market. The rising stock prices have made many listed companies reluctant to lend to banks, but instead raised funds in the stock market. Many companies even used the money they received in the stock market to return bank loans, resulting in a sharp decline in the scale of bank loans.
Money is only money when it flows. If it is just lying on the bank account, it is just a string of long numbers.
Therefore, in addition to investing money that cannot be borrowed into the real estate market, Japanese banks are looking for suitable goals all over the world. As long as they can lend money and make money flow, the interest rate can be negotiated.
In fact, Japan is very thief. In order to hedge the export losses caused by the appreciation of the yen, before the signing of the Plaza Agreement, it spent a lot of money in Asia and lent a large amount of ultra-low interest yen loans to Asian countries.
Although the loan interest rate is relatively low, as the yen continues to appreciate, the loans borrowed are also increasing. Before the Plaza Agreement, about 260 yen to 1 US dollar, and only two or three years later, the yen exchange rate rose to 130 to 1 US dollar. In other words, if the Bank of Japan borrowed 26 billion yen, or 100 million US dollars two years ago, the other party would have to pay back 200 million US dollars when it repays the loan.
Many public intellectuals in later generations always praised Japan for how much money they lent to China in the past, as if Japan sincerely helped China develop, but the fact is that many Asian countries, including China, helped Japan hedge against the risks brought by the appreciation of the yen.
After thinking about this, Fu Song had nothing to worry about. He didn't borrow this money for nothing. Even though he knew that the yen still had a lot of room for appreciation, the losses caused by the appreciation of the yen plus the interest on loans were really not worth mentioning compared to the profits obtained in the stock market crash.
Putting a piece of beef back and spine into your mouth, Fu Song asked: "Which bank does Mr. Ando recommend for me?"
Inoue said: "Industry Bank, Mitsubishi Tokyo UFJ Bank, all three trust companies can do it. If you have a large loan amount, the three banks can jointly issue loans."
Hearing the names of these three banks, Fu Song frowned and said, "Mr. Inoue, if I remember correctly, these three banks should be the main shareholders of Nissin Food Holdings. Can Mr. Ando make the decision?"
Fu Song's question was actually very tactful. What he really meant is that since these three banks are the main shareholders of Nissin Food Holdings, if Andeng Qingjian builds the bridge, can he hide it from his uncle and grandfather?
Inoue Hideo smiled and said, "The eldest son has obtained a loan opportunity for Japan Bank. This is a good thing worthy of everyone's recognition. Besides, Mr. Fu is strong and the bank likes to cooperate with a distinguished customer like you the most. Who dares to say anything? That is to go against the three banks."
Fu Song laughed silently. An Tengqingjian's actions were really open-minded and he followed the normal commercial loan process, and no one could find any problem.
Damn, this grandson is selling well at both ends, and his small abacus is even better than me.
“How much can I borrow?”
“How much do you want to borrow?”
Chapter completed!