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Chapter 411

14days ago traverse Novels 5
Koh Samui is more suitable for travel in April. The average daily temperature is around 30 degrees Celsius. During the day, the sun is hot. But once it reaches night, it will give people a cooler feeling under the sea breeze. At least Miyagi Kita likes such weather very much.

Near three o'clock in the afternoon, in a sea-view villa on Lamai Beach, seven or eight luxury cars parked in the parking lot in front of the villa. In the backyard of the villa, white-topped pergolas had been built. The long dining table under the pergola was filled with various delicacies, mellow wine, and various ingredients transported from air, showing luxury.

In the swimming pool not far from the pergola, several beautiful girls in sexy bikini were playing happily. On the lawn by the pool, several well-dressed men were gathered to talk. Among these people, the protagonist, who had just come from Hong Kong just two days ago.

Those who were invited to attend this party were all senior executives of Changxin Bank Thailand Branch. Among them, the man with white hair on the right side of Miyagiki Kita, who looked four or five years old, was the person in charge of Changxin Bank Thailand Branch.

This person's name is Nobuyuki Okazaki. He is a real old man within Changxin Bank. He has been working in Changxin for longer than Old Man Akamoto. If nothing unexpected happens, he will retire in two years

According to the memory of Miyashita Kita's previous life, this guy was burping before he could retire. The cause of his death was suicide

In addition to Kitaki Miyashita and Nobuyuki Okazaki, the person present should be the third person standing opposite Kita Miyashita.

This young man is very tall and looks 1.8 meters tall. Judging from his facial features, he should have mixed blood. The most conspicuous thing about him is his weird labia, which completely destroys the beauty of his face. Even the pair of bright eyes and straight noses cannot recover this flaw.

In today's years, things like traits can be eliminated through surgery, but the young man obviously has no intention of plastic surgery. Moreover, from his confidence, he doesn't mind his appearance.

This young man is not a Japanese. His name is Nava Onpopa. He is a Thai. To be precise, he is a Thai Chinese. His father is a Thai Chinese and his mother is a Thai of French descent.

Although Onpopa is only in his early thirties this year, he can be said to be a legendary figure in Thailand.

This young man has no deep family background. His father is an ordinary person. He once served as a low-level employee in the Ministry of Finance of Thailand. His mother is a full-time housewife. Although the family is not poor, he is definitely not a rich man.

After graduating from high school, Onpopa joined the Thai Farmers Bank, one of Thailand's four major banks. However, his initial job in the bank was just a choreography. His daily work was to polish leather shoes for formal employees in need.

As for now, he is the manager in charge of securities and insurance business in the bank.

Some people may ask how a person who does not have a high education and has extremely weak family background has become a senior executive of a large bank in more than ten years.

The answer is actually very simple. On the one hand, On the one hand, On the other hand, it is because he met a noble person, and his noble person is Nobusu Okazaki Nobusu Okazaki

In the mid-to-late 1980s, Japan began to provide ODA to Thailand, which is the so-called official development assistance. At that time, this assistance was mainly implemented through Changxin Bank. The Agricultural Bank of Thailand had a lot of dealings with Changxin at that time, mainly because a lot of aid funds would be invested into Thailand's agricultural construction through Taihua

At that time, Nobusu Okazaki valued Onpopa's hard work attitude very much, so with his conscious promotion, this young man who seemed useless was quickly promoted by Taihua Agricultural Bank.

Of course, Onpopa is worthy of Okazaki Nobusu's attention. This guy's fluent English and Japanese were all completed through self-study. At the same time, he also has a very comprehensive understanding of finance and is fully qualified for his current job.

After arriving in Thailand, Miyashita Kita was warmly received by Nobusu Okazaki Okazaki. This was not only because he was the supervisor of Changxin Bank, but because Nobusu Okazaki was a close friend of Akamoto at the time, and the relationship between the two was very close.

... After the past decade of geese-hanging model, although Thailand's current economy seems extremely prosperous on the surface, in fact, due to the fact that economic efficiency has not been substantially improved, the crisis is aggravating step by step

In a small circle of six or seven people, Okazaki Nobuyuki crossed his arms with his chest and said calmly, if the investment of capital and labor can continue, this crisis may not break out for the time being, but it is obviously unrealistic, so I agree with Akamoto's opinion.

The so-called goose walking model is actually a manifestation of industrial transfer.

After the end of World War II, with the changes in the domestic economic environment, a large number of capital-intensive industries were transferred from the United States to Japan, which promoted the rapid recovery of the Japanese economy.

In the 1960s, the technology-intensive industries in the United States began to transfer to Japan, while Japan's labor-intensive and some capital-intensive industries began to transfer to the so-called four Asian little dragon countries.

By the 1970s, capital-intensive industries began to transfer from Japan to the four little dragon countries, while labor-intensive industries began to transfer to Southeast Asian countries...

This industrial transfer model is the goose walking model

From this model, we can summarize a conclusion that most of the investments in Southeast Asian countries are Japan or the four Asian tiger countries, and among them, investment from Japan is the top priority.

In the late 1980s, Thailand, which was affected by the appreciation of the yen, had its exchange rate focused on the US dollar, and naturally benefited from it, because the appreciation of the yen also meant that the Thai baht was depreciated, which was conducive to its product exports for Thailand, which had received a large amount of investment in Japanese yen.

But the problem is that, starting two years ago, as the economy fell into a recession, Japan began to push the depreciation of the yen in order to boost exports. The consequences of this are that Thailand's exports are sluggish and the current account deficit is serious. To put it bluntly, it is that foreign exchange reserves spend more than they earn.

The country has too much foreign debt and insufficient foreign exchange reserves. At the same time, the country's labor force is scarce and the economic upward momentum is insufficient. The crisis naturally comes quietly.

The guys in the central bank are all waste with high expectations and low skills. They don’t know what finance is or globalization is. Onpopa smiled and said, in fact, when the yen exchange rate fell sharply last year and the Bank of Japan has continuously lowered interest rates, the central bank should give up the policy of binding the US dollar. But...

He spread his hands and said: But the people from the central bank did nothing. They are still addicted to the appearance of economic prosperity and believe that they can take this opportunity to snatch the status of Asian financial centers from Hong Kong.

He said this and looked at the pergola not far away. There were three or four tall women dressed up together and chatting together.

I borrowed some money from Japan through some relationships, and a hint of despicable expression flashed across my face. Onpopa continued, "It took six months in total, and she made a lot of money. Hey, so she has become mine now... Oh, in the words of you Japanese, it is RBQ, and you obey me and respond to everything you say.

Everyone laughed in a slutty laughter. Some of them had a relatively low status and praised him for his beauty.

In Weng Popa's words, eliminating the vulgar part also contains a message that for ordinary people, they can get rich in a short period of time.

Now the domestic interest rate in Japan has dropped to 0.3%, but what about Thailand?

Four percent, the difference between the two sides

At this time, since the yen is always depreciating, and the exchange rate of the Thai baht is firmly bound to the US dollar, so for those speculators, they don’t have to do anything, they just need to borrow funds from Japan and get loans from Thailand. In the absence of hope of the yen appreciation, this kind of business is stable and profitable without losing money.

If the yen continues to depreciate during the lending process, then speculators will make more money

This is also the most direct reason why a large amount of investment has poured into Thailand in recent months, and what it brings is endless risks.

Kita Kitani smiled. Changxin Bank is naturally doing things like this, and it is doing it on a large scale. The Thai government has opened up the financial market and created opportunities for speculation for foreign banks. No one will miss such opportunities.

This situation cannot last. I reached out and patted Onpopa's shoulder. Miyashita Kita smiled, but fortunately, we still have the chance to make a big profit in the end

I understood, and Onpopa nodded, I will start doing what you explained before, after all, no one wants to miss this feast.

What Onpopa said is that Miyashita Kita agreed to cooperate with Goldman Sachs Japan. In this cooperation, if you want to transfer enough profits, you will inevitably have internal partners in the Thai financial industry.

Of course, Onpopa is a genuine Thai, but for bankers and financial operators, the so-called nationality is always secondary. For them, there has never been so-called patriotism. It can even be said that they love nothing except money.

Very good. Miyashita Kita looked at the Thai guy with a pair of tibial lips, nodded in appreciation, and said, Let's go, let's have a good drink, even if we celebrate in advance