BXBX NOVEL Chapter 862 - The End Of The Line
Chapter 862: The End Of The Line
Jiadian Technology was the most profitable company in Jiadian Group. Its annual revenue exceeded 20 billion yuan, and it was still growing rapidly. That was considered an excellent asset in the bank.
Therefore, the few presidents attached great importance to such a big deal.
However, since it involved foreign exchange, although the presidents were tempted, they were very cautious about their decisions. Instead, they only agreed verbally to go back and study it.
After returning, the few presidents found their direct superior, the presidents of the main branches, and explained the situation.
During the briefing, they sent Su Yang and Jiadian Group’s information as well as... The information that Su Yang used to borrow USD.
When the presidents of the main branches saw this information, they were actually a little hesitant. ‘Su Yang is really too good at causing trouble... Previously, he had already messed up the Hong Kong Stock Exchange by borrowing USD. Now, he’s trying to borrow yen. Could he be planning to mess up the Japanese market this time?
‘Although Hong Kong is a special district, it’s still our own country. If something were to happen, both the people and the money would still be safe. However, if it’s Japan... If he causes too much trouble, neither the money nor Su Yang himself would be able to return!’
However, even though they were all very worried, with the persuasion of a few presidents, as well as the evidence from the documents and resumes, the presidents of the main branches still approved this business.
Soon, a loan of 16 trillion yen over a period of 1 year was approved, which was equivalent to 20 billion USD.
20 billion USD... That was a huge amount of money for any company, just the daily interest alone was scary enough.
Because of this, Su Yang even added some collateral, putting up both Jiadian Technology and Jiadian Healthcare, the two companies that were the most valued by the country.
It could be said that in order to get this loan, Su Yang had mortgaged all the most valuable companies in Jiadian Group. Hence, if he lost, he would lose everything.
After receiving the money, Su Yang did not bring it to the Japanese market directly. Instead, he handed it to Wei Lin and asked him to bring it to London and New York’s trade centers.
Su Yang’s thoughts were simple: I’m a fool to play with you guys in your country. If I’m defamed by you guys, then there’s no room for reasoning. If you want to play, then play in other countries. Anyway, Japan is an open market, so it’s the same for me to do business in other world-class exchanges.
This huge amount of yen money came to the two trading markets, and it immediately caused quite a commotion. Although the amount of yen money in the two trading markets was far greater than this amount, this was the yen cash that was completely in the hands of one organization.
Therefore, when Wei Lin sold the yen without hesitation, the yen fell.
The USD : Yen ratio fell directly from the original to 1 : 80 all the way to 1 : 82.13, and it was still continuing to fall.
Japan was the first to receive the news. After preliminary research, they decided to test the waters, so they started buying yen in the market to stop the exchange rate from falling.
However, because it was a hasty response, yen kept on falling, and it soon exceeded 85.
There was nothing the Japanese could do. The cabinet held a meeting to discuss and finally decided to activate the country’s foreign-exchange reserves and continue to buy back the yen on the market. They wanted to buy back as much as they could and were determined to salvage the yen’s decline.
Just like that, the yen started to stabilize at 84.71. Then, it went back to 82.12 and finally reached 81.06. It was almost the same as the exchange rate before Su Yang’s attack.
While Japan was mobilizing the country’s power to intervene, Su Yang’s plans to empty out yen did not stop. On the contrary, it was developing larger and larger.
10 billion yen, 20 billion yen, 30 billion yen...
The continuous supply caused the yen’s exchange rate to fluctuate. However, no matter how it fluctuated, with the intervention of the country, yen remained above 82.
From the outside, Su Yang’s operation did not seem to have any effect at all. On the other hand, what he was doing now was akin to venting his anger, which seemed completely meaningless ultimately.
Finally, after nearly eight hours of exchange-rate war, the dust settled. Yen stabilized at 80.53, being only slightly lower than before.
Su Yang, on the other hand, seemed to have used up all his trump cards and was unable to fight back.
This exchange rate “battle” suddenly started and ended abruptly. Soon, the whole world’s attention was focused on it.
That night, after Su Yang gave up on suppressing yen, someone did some calculations and found out that the exchange rate war this time involved 400 billion yen and several billion USD. It was practically the largest foreign exchange war in recent years.
Even though Su Yang spent almost 200 billion yen, which did end up doing anything, the Japanese did not have it easy either. Spending billions of yen for nothing was not a small matter for any country...
Especially Japan’s attitude towards their exchange rate earlier was going to have a huge impact, which was exactly what Su Yang wanted...
However, not many people noticed this. Japan was still immersed in the excitement of their victory in the exchange rate war.
After the lost decade, Japan had not had such a beautiful turnaround in the world for a long time: from being ambushed at the start, to reacting immediately, gathering funds for the war, to an emergency meeting, using foreign exchange to stabilize their yen’s exchange rate. That year’s cabinet did very well.
The fact that the other party was able to mobilize billions of USD meant that he was not a simple person. Even when Soros attacked Southeast Asia that year, he only had that amount of money. Therefore, it was already impressive that the Japanese were able to stop this wave of attacks.
Therefore, as soon as the technology was developed, it was immediately reported by all the major media outlets in Japan as the day of Japan’s victory!
Meanwhile, the locals were being silent.
The foreign exchange war caused quite a stir, so many people both domestically and abroad noticed it.
Ordinary people might not know who the attackers were, but the five major banks that had just loaned Su Yang 160 billion yen knew that Su Yang was behind this.
No matter how they thought about it, they would never have thought that Su Yang did not borrow money for development but to suppress the yen’s exchange rate.
Exchange rates were the foundation of a country because they were related to import and export trade and the settlement of transactions between countries. High exchange rates had their advantages, and low exchange rates had their disadvantages. But it had to be stable.
Attacking other countries’ official exchange rates was actually a serious provocation.
‘Su Yang is clearly going to Japan to develop his career, so why would he do such a thing?’
Many people within China could not understand.
Moreover... This was something that would not benefit them!
‘How could a world-class country allow others to control the exchange rate so easily? How could a world-class insurance fund be easily broken?
‘This is complete nonsense!
‘Furthermore... He’s using a loan to mess around with the international exchange rate.’
Therefore, a few bank presidents immediately called Su Yang to show their “concern”. After all, Su Yang’s identity was rather special and they did not dare to be too harsh with their words. Hence, they could only remind Su Yang not to joke around with the money and to develop well...
After all, these presidents were mostly thinking about whether Su Yang could return the money or not...
‘Two hundred billion yen, which is a few billion USD... He’s gone and spent it all in one day. How many more days worth of money does Su Yang have? Is he even going to be able to return us the money?’
Because of Su Yang’s sudden attack, almost everything that Su Yang had done in the three major financial markets had been exposed. He had used a large amount of gold and USD to empty out yen. He had practically suppressed everything.
‘Where is Su Yang getting all this confidence from?
‘Is he really that sure that he isn’t going to lose everything?’
No one could understand what was happening.
At the same time, in the familiar courtyard, under the cherry blossom tree, Yagawa Masaru sat alone. This time, he did not have the old man who always accompanied him, nor did he have tea. He was just there alone.
The old man was the president’s assistant for many years, while the president’s assistant was a senior manager in the company. He could attend executive meetings, board meetings, vote and decision-making events.
Ever since Yagawa Masaru got older, because he missed his dead wife, he did not go to the company to handle many things. Most of the time, he would let the old man pass on his messages.
In some sense, the old man was his representative.
Today, his representative had returned to the company to handle some matters, leaving him alone.
This was supposed to be his time spent alone with his dead wife, but he had lost all interest at that moment.
Looking at the information given to him by the girl in the kimono and fell silent.
‘How many financial companies are targeting yen in the world-class market right now? Plus, they’ve just thrown 200 billion yen for nothing?
‘Is this information true?
‘Why does it look like something the media’s written to attract attention?
‘Furthermore, in order to withstand this pressure from the foreign-exchange, my own country has actually bought over all of it? We’ve defeated our enemy’s “schemes”?
‘But... Is the enemy really trying to suppress our yen?
‘Are there really people this stupid these days?
‘Who could it be?
‘Su Yang?’
Because this exchange rate war had just ended, the information on the mastermind had not been collected yet, so Yagawa Masaru did not know who it was.
But... There was a shadow lingering in his heart: Su Yang.
‘Could it be you, Su-kun?
‘Why are you dead fixed on the exchange rate? What are you plotting?’
Yagawa Masaru felt that he was getting more and more confused with Su Yang’s character. ‘Su Yang’s either an audacious business genius with an astonishing talent or an... Idiot.
‘Since his new technology has a net worth of 100 billion yuan, this doesn’t mean that he’s talented in business. Perhaps it’s because he has the ability to conduct research? Is that why everything he’s done thus far has been so bad?’
This thought was born in Yagawa Masaru’s mind, but it slowly dissipated.
If it were anyone else, Yagawa Masaru might have believed him. However, he had researched Su Yang’s background and knew how Su Yang started his career. ‘He’s a maniac with a bloodlust who will fight whenever he meets an enemy.
‘So, how could such a person not have any talent in business?
‘For some reason, I can’t shake the feeling that I might have missed something, something important. It feels like I’m missing something that could push myself and my country over the cliff...
‘But, what exactly is it?’
Yagawa Masaru hit his head, which was getting slower due to his age and sighed deeply.
‘What exactly is it...’
...
Very soon, the details of this exchange rate war were investigated bit by bit. It was impossible to gather hundreds of billions of yen without leaving a trace.
Even though Su Yang, Zhao Licheng, and Wei Lin had gone through many transfers and used many accounts, more and more clues were pointing to Su Yang.
Almost all the tycoons and big shots in Japan slowly found out about this news.
At once, everyone had different expressions.
‘Su-kun?
‘Su-kun’s the one who’s provoked our country behind our backs and tried to suppress our exchange rate?
‘Has there been a mistake somewhere?
‘Hasn’t he been working with us recently?
‘He’s also been appearing on television a lot recently.
‘Furthermore, he has a good relationship with Yagawa-kun.
‘Why would he put on a front and do something else behind our backs?
‘Isn’t that something that we excel at?
‘How has Su-kun managed to learn it?’
Dark waves surged instantly.
Meanwhile, the three automobile companies finally believed Yagawa Masaru’s analysis. ‘Su-kun is indeed ambitious!
‘Previously, Su-kun didn’t mention any demands for the production, so I thought that Yagawa-kun was overthinking, but now, it seems that everything’s happened like he’s predicted!
‘I’ve got to be careful when I cooperate with him!’
At the same time, Su Yang met someone under the recommendation of the Clown Sea Serpent.
It was an ambitious, short middle-aged man. He had an outstanding family background and resume, but he lacked luck.
Three years ago, he had hoped to continue ruling the country, but due to a strange combination of circumstances, he had returned to the countryside.
Three years later, he was now standing before Su Yang.
No one knew what they were talking about. After they left, the middle-aged man was very satisfied.
The next day, the Congress of America suddenly proposed a plan to implement quantitative easing in order to boost the economy, reduce interest on USD, and put more USD into the market. This was the first QE in five years, representing the start of a new round of easy money and a new round of harvesting.
This was the trick that America was good at: scattering debts all over the world, and then harvesting leeks.
Stimulated by the news of the dollar’s interest rate cut, the dollar’s exchange rate fell, and yen, the world’s number one hedge fund, rose all the way to 79.
Many of Japan’s financial groups, which had allocated funds in Australia and Europe, immediately withdrew their funds back home. This made the yen appreciate even more.
Everything that Su Yang did previously was like a joke. He only managed to reduce the yen to 0.5 yuan. However, America managed to increase the value of yen by 1.5 yuan with just one statement.
Some of the money-grubbing tycoons did some calculations internally. ‘If Su Yang is the one who threw out the 200 billion yen, then he would have lost at least 10 billion yen!’
However, at that moment, another wave of yen being sold appeared on the market again. LIke the last time, it was still transactions worth billions and billions. However, with the increase in the value of yen, this level of selling could not cause any ripples in the slightest. In just half a day, it was completely digested, and yen increased by 0.5, increasing to 78.5.
Many people thought that this was Su Yang’s last desperate attempt and that he was at the end of the line.