Chapter 1363: Unified thinking

Mie Yeyasu gave a strong-worded speech at the beginning of his coming to power. He said that the current Japanese economy is already in a state of obvious overheating. The inflation rate is too high and must be effectively curbed; he even criticized several of his mercilessly. The predecessors were all the prime ministers' economic policies. They only knew that they would cater to the actual economic situation and would not adjust their policies according to the actual economic situation. This is an accomplice in the current overheating state of the Japanese economy!
He said so and did the same. On the second day of taking office, he announced a series of adjustment measures. Among them, the biggest impact on the entire Waguo financial market was the interest rate hike, and the first interest rate hike was achieved. 0.5%, which caused the annual interest rate of the inter-bank lending of Wakok Commercial Bank to rise sharply from 1% to 1.5%.
However, such an obvious signal does not calm the countless financial speculators who have fallen into madness. They even think that this is just a small technical adjustment with almost negligible impact. They still follow the previous rhythm. Persist in giving extremely high valuations of assets, adding leverage to their investments, in the hope of obtaining greater benefits.
"With the current boom in the stock market, companies can completely complete large-scale financing in the stock market, which has led to their need for bank loans to apply for operating loans less and less, but the bank’s profitability methods and the assessment of their personnel performance It is still the traditional loan orientation, which leads to banks either turning a blind eye to the illegal behavior of companies reinvesting loans into the financial market for speculative arbitrage, or choosing to develop individuals into their key and high-quality target customers, but individuals can take them out to the bank. The types of mortgaged assets are very limited. We all know that housing property rights are almost the most important bulk asset and one of the main investment channels that most people can own. Compared with other assets, housing property rights are relatively safer. This directly led to the strong housing demand in the entire society of the country, and also caused the continuous increase in land prices in the country. Compared with 1956, the value of land in the country has risen by 80 to 100 times! From the data we got, Calculated from 1985 to this year, the scale of Japanese bank loans has increased by 43%, of which loans for real estate have increased by 95%. According to statistics released by the Ministry of Finance, the amount of funds flowing into real estate in recent years is 120 trillion yen, and half of them From the bank."
After Guo Zhaode read these analysis materials, Yu Pengxia immediately asked: "So Zhaode, what is your conclusion?"
"The conclusion is that the entire financial industry of the Japanese country has been highly integrated and interacted with each other. A large amount of bank money has flowed into real estate, and a large amount of corporate money has flowed into the stock market. Affected by the appreciation of the yen, the exports of manufacturing enterprises have generally declined, The actual operating fundamentals of enterprises are deteriorating. It has become a practice that these companies have to take to compensate for the decline in company performance by means of financial investment. Many companies choose to borrow money overseas at low cost, and then the funds flow into the stock market, and then through speculation. Profit after high stock prices. This obvious "carrytrade" model binds the prosperity of the entire social economy to asset prices. The consequence is that once asset prices have problems, it will be a chain reaction of landslides!"
"Guarantee prices or economy!"
This is a flash of thought in Tan Zhenhua's mind. Co-authored by China in the second decade of the 21st century, the whole society was keen to discuss issues, but it is a repetition of the problems encountered by the Japanese in the late 1980s.
Guo Zhaode solemnly finished this sensational-sounding conclusion, and then gave an example: "Take the famous dairy giant "Yakult" in the country of Japan as an example. Its financial trust fund rose from 1.9 billion yen in 1984 to 65.1 billion in 1987. Trillion yen, this year is more than 100 billion trillion yen. Judging from its published financial statements, its financial management profit has exceeded 3.7 times its main operating profit! This shows that this company has changed from a dairy company Become a real financial investment company!"
Tan Zhenhua suddenly flashed a familiar vocabulary in his previous life, "remove the real to the virtual". He couldn't help but sigh that finance is really a double-edged sword. Some people use it, control it, and let it serve their goals. However, more people will become its slaves consciously or unconsciously.
"Be careful!" He warned himself secretly, and said to Guo and Yu at the same time: "Currency is only a form of wealth, and currency itself does not have value. In essence, currency is only the credit of the issuer. Vouchers are only, and will change with the credit of the issuer. In my opinion, real wealth should be the resources necessary for the survival and development of human society. These resources include basic elements such as crops, fresh water, and minerals, as well as humans. The ability to use these basic elements is also scientific and technological strength, including the people who research and use these technologies. Therefore, I insist on my last point. After we withdraw from the country, we need to invest these currencies in our hands into these real realities as soon as possible. From our wealth, so that we can get bigger and more generous returns."
"In fact, since the last conversation, I have been doing this." Guo Zhaode replied: "We have basically emptied the property in Waguo, and are gradually clearing out the stocks in our hands. At present, we have a lot of yen in cash. The amount of these cash is relatively huge, so it will take some time to convert into U.S. dollars and other international reserve currencies and gradually withdraw from the country. However, I personally recommend that we keep a part of the funds in the country. As I analyzed before, if the policy of the central bank of the country is The orientation does not change, so raising interest rates multiple times to curb inflation is the most likely method to adopt, and the result of raising interest rates will lead to a substantial increase in financing costs, and then affect people’s investment actions in asset products. We all know At present, there is a hugely leveraged super bubble in the asset products of the country. The bursting of this bubble will lead to very cruel consequences. As a result, the entire country's economy may fall into an unstoppable recession. At that time, It is time for the cash in our hands to come into play. Many Japanese state-owned enterprises have mastered leading technology, which is what Zhenhua you said is the real wealth. We may have the opportunity to buy this wealth at a very cheap price. ."
Tan Zhenhua once again gave him a big praise for his partner, who is called a "demon knife" by the inside and outside the industry. Guo Zhaode only through the interpretation of economic data and policies, he came to the conclusion that the country will fall into a long-term recession in the near future. Obviously, he has grown up from the financial "liar" who tried to slaughter himself, and has evolved into a real master-that is, the "top liar".
"I agree with this suggestion." He replied.
"I also agree." Yu Pengxia responded.
"Then, let us watch the changes." Guo Zhaode said.
After unifying the thoughts, it is natural to discuss actual actions. Therefore, Tan Zhenhua finally throws out the plan that he has been pondering for a long time, and it also made Yu Pengxia and Guo Zhaode open their mouths almost unbelievable.
"Since Soviet Russia has opened the banking industry this year, what are we waiting for? Zhaode, should we take this opportunity to expand our business there?" He dropped the shocking bomb.