Of course, we're not afraid of them collecting evidence, since the money had already reached the offshore account at the time of the transaction.
Following Xing Baohua's instructions, Mitsui Fujisaburo found people to operate the system. He himself was not involved in the entire process, but he was still paying attention to it.
He has a background in finance and knows what a large outflow of funds means.
In particular, bank transfers can take away a portion of Japan's foreign exchange reserves.
It's important to know that, apart from Japan, no other country boasts the world's largest foreign exchange reserves.
Mitsui Tousaburo was the one who knew the whole plan and was also one of the executors. He took out 200 million yen to short the yen in the foreign exchange market.
A large outflow of foreign exchange reserves can lead to the devaluation of a country's currency.
But the Japanese are also strange; they sent out hundreds of billions of foreign exchange reserves, and instead of depreciating, the currency appreciated.
This left seasoned financial expert Mitsui Fujisaburo questioning his very existence. Who on earth was manipulating things?!
Mitsui Tousaburo thought that transferring money through a bank would involve using foreign exchange reserves. In fact, many banks have branches overseas, especially in the United States.
They would act like trading companies, first using the branch's reserve funds, and only addressing the issue if necessary.
Only a few hundred billion is far from enough to draw on foreign exchange reserves.
The overseas branches alone can absorb all this money. Hundreds of billions may seem like a lot, but even hundreds of billions can be absorbed.
Because overseas banks have a large number of foreign trade companies on their hands, these companies will have funds on hand. In addition, these banks are shrewd and will adjust their funding channels to cover their deficits, and may even borrow from banks with ties to the United States.
Why are banks considered the most profitable institutions in the world, with such high returns?
They know how to use various resources to make a mess of things.
So Mitsui Fuji suffered a loss this time because he didn't know the bank's true business capabilities. Don't be fooled by his job at Mitsui Bank; he was just an outsider, only good at negotiating with clients.
We are still far from mastering the core knowledge.
The yen appreciated, so we looked for reasons to analyze, and found that it was caused by a variety of factors.
The first is that the US controls foreign exchange; the second is due to the consumer market; and the third is import and export trade.
Leaving aside the issue of the US controlling foreign exchange rates, which is already regulated, the US can adjust its economic policies in Japan under appropriate circumstances to compensate for its trade losses.
The second consumer market was entirely due to Xing Baohua's flower shop, which increased manufacturing production. The Japanese only have such a large consumer market, so the extra manufactured products could only be exported.
This leads to the causal relationship in the third point.
After analyzing the results, Mitsui Tousaburo made a very decisive move: to cut his losses.
The loss amounted to more than 30 million US dollars.
I considered myself a real expert, a real professional, but I still got hurt by my own side. Who can I complain to now?!
However, regulators began to control some suspicious accounts, notifying the banks where the suspicious accounts were opened to freeze them.
Once the bank received the notification, they checked the accounts. In fact, they already knew about the funds in the accounts.
These are all transactions with extremely large amounts. Banks love these kinds of customers, regardless of their customer type. As long as there are transaction records, they can make money.
Otherwise, how would they collect transaction fees? Especially for cross-border clients.
Knowing the pattern, instead of freezing the funds immediately, they waited until the other party had exhausted their funds before taking action.
That's just how capital banks are; even if regulators punish them, they'll make their money first.
Continue read on readnovelmtl.com
