Reborn Tokyo Golden Age

The uncontrollable appreciation of the yen has brought many influences to Neon China.

The Nihong government’s buying of US dollars is one of the means of self-help. Going to the American father is asking for foreign aid.

Unfortunately, neither of these two measures has any effect, and the latter may even be gloating.

So will the neon government watch the yen continue to rise without doing anything? Obviously not.

While the Nihong government kept making small patches to cool down the yen, the Nakasone cabinet was also considering corresponding countermeasures.

After the Plaza Accord in October last year, Takumi Hosami, president of the Overseas Economic Cooperation Fund of the Ministry of Finance, which Nakasone relied on, was already considering the issue of yen appreciation.

During this period, he produced the "Hosomi Notes" of the "Procedure to Induce Yen Appreciation", which not only read "Set the appropriate yen-dollar exchange rate at around 170-180 yen per dollar, and gradually induce the yen stabilized to that level".

At the same time, it is also recorded that "long-term structural reforms will be carried out for agriculture, distribution, and small and medium-sized enterprises that are protected by many government regulations but have low international competitiveness."

In addition to these notes, the relationship between Neon and the United States is also mentioned: "It is natural to require the United States to carry out the necessary fiscal deficit reduction.

However, practical feasibility is also a problem, and we must be aware that policy adjustments should be based on the adaptation of neon. "

It can also be seen from this note that Hosomi's consideration of the appreciation of the yen is quite thoughtful and rational.

And the appreciation of the yen cannot blindly accommodate the United States, and its own adjustment and adaptation is the key point.

So under his suggestion, the Nakasone cabinet gathered people from the financial and academic circles around him.

Established its private consulting organization "Research Institute for Economic Structural Adjustment for International Coordination". Because its chairperson is Haruo Maekawa, the former president of the Bank of Japan, the organization is commonly called Maekawa Research Association.

This private consulting organization includes the former president of the Bank of Japan, the ambassador to Mimi, the presidents of major banks, and the commentator of NHK, a total of 18 members.

At the first meeting of the research association, Nakasone began by observing the recent international situation, especially the neon economic environment.

I don't think it's time to talk and laugh. If we don't adopt appropriate medium and long-term policies at this time, the future of Neon will not be difficult to be shrouded in dark clouds.

It is with this sense of urgency that I invite you to undertake this study.

Even Nakasone himself, who shouted "A strong Japan needs the support of a strong yen!", is aware of the danger of the yen getting out of control, which shows how critical the current situation of Nihong is.

At this time, the Nihong government still insists on continuing to ensure a certain amount of moderate black letters through economic cooperation with developing countries, investment in overseas companies, and guarantees for raw material input.

The black lettering of the enterprise means the profit of the enterprise. Neon companies are used to marking the profit part in black letters on the books.

Therefore, when "black characters" are generally mentioned in the finance of neon enterprises, it means profit.

However, to do so, it will also be criticized by the international community, so it is necessary to carry out medium and long-term structural adjustments to the neon social and economic system.

Neon companies have long-term surplus in foreign trade, which is not only for the United States, but also for other countries.

So everyone sees that Xiaotian has been making money, and of course they feel unhappy, so Nihong has been under pressure from other countries in foreign trade.

Therefore, within the limits of possibility, Nakasone asked the Research Society to submit a report within March 1986.

So in the following six months, the research meeting was conducted 19 times, and the report drafting committee held 13 meetings.

According to the information Shirakawa learned, although the seminar was held under the direct leadership of Nakasone, its actual operation was led by Chairman Maekawa.

In April, the overall drafting of the report was finally completed and submitted to Nakasone.

The report pointed out that Neon's economic development has reached a period of change, otherwise there will be a risk of crisis if it continues.

Specific goals, "Set the international coordinated and reliable reduction of the current balance of payments as a medium-term national policy goal."

At the same time, corresponding structural adjustments should also be made for the fiscal black and white.

In view of the above problems and objectives, the report gives the suggestion that a fundamental transformation of the industrial structure in foreign trade is essential, and at the same time, efforts should be made to adjust and stabilize the appropriate exchange rate.

And further promote the liberalization and internationalization of the financial capital market. At the same time, strengthen economic cooperation with foreign countries.

Focusing on "further promoting the liberalization and internationalization of the financial capital market" is one of the key measures in the future.

Most of the first part of the report analyzes the current economic environment of Neon, as well as the goals and suggestions for reform.

At the end, it lists specific measures that Neon will take to deal with the exchange rate.

The first and most important one is to expand domestic demand.

How to do it? With the promotion of housing measures and urban redevelopment projects, economic activity will be stimulated first.

Pandora's Box has been officially opened!

At the same time, measures such as enriching consumer life, shortening working hours, and promoting the consolidation of social capital at the local level were also proposed.

The simple and rough translation of these two points is to pay more wages to the people, reduce working hours, and spend more.

As for the locality, local capital is allowed to invest abroad!

That is, all the previous restrictions on local consortiums have been removed, and now you can do whatever you want, no one cares.

In addition to expanding domestic demand, the other is to adjust the structure of the neon industry, gradually relocate the manufacturing industry, and focus on the financial and service industries in the future.

And, as mentioned earlier, further promote international financial liberalization.

This means that Neon's stock market will be fully opened to overseas, and various restrictions will no longer be set.

With real estate as the driving force, the stock market will be completely liberalized. The twin thunders of the bubble will be planted today.

neon! take off!

After the famous Maekawa report was launched in April, it aroused huge repercussions in Neon.

There is no doubt that this report is good for Miley, so Little Days has received unanimous praise from all walks of life in the United States.

On the contrary, this report has attracted a lot of criticism in China.

The import of overseas products will lead to the bankruptcy of Neon's domestic small and medium-sized enterprises, and the presidents of the manufacturing industry have protested.

They accused the report of being tailor-made for Mi, which would only push Neon into the abyss.

Under pressure, the Nihong government agreed to re-discuss, but in fact, it implemented all the contents of the Maekawa report in private.

In order to stimulate domestic demand, the Nihong government, in addition to the contents of Maekawa's report, at the same time the Bank of Japan lowered interest rates again.

In just half a year, Neon's loan interest rate has dropped to 3.5%, which is already the lowest level of Neon's interest rate after the war.

While the Nihong government was busy promoting the implementation of Maekawa's report, domestic export-oriented small and medium-sized enterprises such as the metal foreign food utensils industry and the textile industry were in trouble, and the economy basically stagnated.

Regarding the life and death of small and medium-sized enterprises, the neon government has not taken any action, except for the conditions of bank loans.

However, with the ultra-high exchange rate of 1:155, no matter how hard small and medium-sized enterprises struggle, it is impossible to continue to make profits in foreign trade.

They are very clear about their own profit margins, and borrowing from banks is nothing more than drinking doves to quench their thirst.

At the time of life and death, some small and medium-sized enterprises directly switch jobs and stop losses in time, and some simply use the money from bank loans to speculate in stocks.

Don't say I'm not doing my job properly, since your government encourages financial investment, you can't let me wait to die.

Therefore, under various factors, small and medium-sized real businesses gradually disappeared. On the contrary, the stock market has gained a group of active users.

After July, Nihong’s Finance Minister changed, Takeshita Noboshi retired, and Miyazawa Kiichi took office.

His policies are more radical than Takeshita's. Compared with Maekawa's report, the real estate stimulus stays on policies.

Miyazawa has always been serious. The Ministry of Finance approved a budget of 3.636 billion yen to invest in public investment and housing construction.

After the neon government personally stepped down, the non-manufacturing industry, mainly housing, began to make great strides forward.

In addition to the large-scale purchase and hoarding of land by construction clubs, various construction projects have been launched.

Individuals have also begun to borrow a lot from banks to buy houses and foundations.

Why? Because of this series of stimuli, the land price in Tokyo has risen by nearly 20% in half a year compared to last year.

The appreciation of real estate is much more exciting than the stock market.

An investment of 5 million yen will turn out to be a profit of 1 million yen, which is too easy to get money.

And the rise in housing prices has just begun. Everyone knows that under the stimulus of policies, land prices will continue to rise for a long time to come.

So they changed hands for 6 million yuan and continued to buy land, and then took the purchased land to the bank for mortgage, and used the mortgage money to continue to buy land, and then unlimited dolls.

Of course, only a small number of people are doing this now, and many people's brains have not yet opened up, and their steps are not big enough.

But don't worry, this coquettish operation will become popular on a large scale soon.

And because of such a big environment, Bai Chuanfeng could clearly feel the changes around him when he returned to China.

People are no longer so cautious when speaking, and their high spirits are all sending a signal.

That is, all neon people believe that the era of Japan has really come.

Because of the stimulus of money, everyone's consumption is no longer as conservative as before.

Do you know what Bai Chuanfeng saw on the streets of Tokyo this time?

Ice cream covered in gold leaf! hell! That's real gold, not dyed with pigment.

"Xiaofeng, should we also buy one and try it?"

Seiko Matsuda, who had just confinement, held Bai Chuanfeng's arm, and licked her lips greedily.

Bai Chuanfeng glanced at her speechlessly, "Don't be so troublesome, there are gold nuggets at home, you can eat them as you like when you go back."

Is this gold! Heavy metal! Do you think your skin is too good and your life is too long?

"Hmph!" The somewhat delicate and savage girl snorted in dissatisfaction.

Bai Chuanfeng knew why she was in a bad mood, it was nothing more than the fact that the twins gave birth to a pair of daughters this time.

Without a son by his side, Seiko Matsuda was under a lot of pressure.

Not just after confinement, she started working out to restore her figure while preparing for her next pregnancy.

Regarding her panicked performance, Bai Chuanfeng could only comfort her with good words.

Don't worry, the cubs will definitely be born in one litter in the future, and the son will naturally not be a problem.

Then, in order to enlighten her, Bai Chuanfeng took her out for a stroll, and finally saw this scene on the street.

I probably glanced at the price, gold leaf ice cream, about 15,000 yen per piece.

Crazy, really crazy.

When Neon's ice cream was marked in tens of thousands.

Look at the long queue in front of the ice cream truck.

Bai Chuanfeng felt that maybe he was crazy, that's why it was so rare.