Author: quiet thoughts

The out-of-control appreciation of the yen has brought many impacts to Neon domestically.

The Neon government's purchase of U.S. dollars is one of the means of self-help, while going to the American father is asking for foreign aid.

Unfortunately, these two measures have no effect, and the latter may even be gloating about the misfortune.

So will the neon government just watch the yen continue to rise and remain indifferent? Obviously not.

While the Neon government is constantly making small patches to cool down the yen, the Nakasone cabinet is also considering corresponding countermeasures.

After the Plaza Accord in October last year, Taku Hosomi, 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" on "Procedures to Induce the Appreciation of the Japanese Yen", which not only stated, "Set the appropriate yen-US dollar exchange rate at around 170-180 yen per U.S. dollar, and gradually induce the yen."

stabilize to that level”.

It also records "long-term structural reform of agriculture, distribution, small and medium-sized enterprises, etc., which are protected by many government regulations but have low international competitiveness."

In addition to these, the note also mentioned the relationship between Neon and the United States: "It is natural to require the United States to make necessary fiscal deficit reductions.

They are very clear about their profit margins, and borrowing from banks is just a way to quench their thirst.

After July, Neon Finance Minister was replaced, Takeshita Nobori resigned, and Miyazawa Kiichi came to power.

Neon Enterprises has a long-term surplus in foreign trade. This is not only true for the United States, but also for other countries.

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

Do you know what Shirakawa Kaede saw on the streets of Tokyo this time when he came back?

And as mentioned before, further promote international financial liberalization.

In April, the report was finally drafted and submitted to Nakasone.

On the contrary, this report has attracted a lot of criticism in Neon's country.

So I changed hands for 6 million and continued to buy land. Then I took the purchased land to the bank as a mortgage. I used the mortgage money to continue buying land, and then continued to nest endlessly.

Why? Because due to this series of stimulation, land prices in Tokyo have risen by nearly 20% in half a year compared to last year.

As a result, due to various factors, small and medium-sized real businesses slowly disappeared. On the contrary, the stock market gained a new group of active users.

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

But practical feasibility is also an issue, and we must realize that policy adjustments should focus on neon adaptation."

The report points out that Neon's economic development has reached a period when it must undergo reform, otherwise there will be a risk of crisis if it continues.

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

Ice cream coated with gold foil! Damn it! That's real gold, not dyed with pigment.

At a time when life and death are at stake, some small and medium-sized enterprises directly switch businesses to stop losses in time, while others simply use the money from bank loans to speculate in stocks.

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

"Xiao Feng, why don't we buy one and try it too."

Don't say I'm not doing my job properly. Since your government encourages financial investment, you can't just leave me waiting to die.

People are no longer so cautious when speaking, and their high-spirited energy conveys a signal.

At this time, the Neon government still insists on ensuring a certain degree of appropriateness through economic cooperation with developing countries, investment by overseas enterprises, and guarantee of input of raw materials.

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

At the same time, corresponding structural adjustments should also be made to address the financial black marks.

Bai Chuanfeng knew why she was in a bad mood. It was just that the twins had given birth to a pair of daughters this time.

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

So generally when "black words" are mentioned in Neon corporate finance, it means profit.

His policies are more radical than Noboru Takeshita, and compared to the Maekawa report, real estate stimulus remains a policy-based policy.

The black characters of the enterprise mean the profit of the enterprise. Neon Enterprises are accustomed to mark the profit part in black characters on their books.

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

So in the next six months, 19 research meetings were held, and the report drafting committee held 13 meetings.

This private consulting organization includes the former President of the Bank of Japan, the Ambassador to the United States, the presidents of major banks, and NHK commentators, with a total of 18 members.

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

It established its private consulting organization, the "Research Institute for Economic Structural Adjustment for International Coordination," which is commonly known as the Maekawa Research Institute because its chairman is Haruo Maekawa, the former president of the Bank of Japan.

As for the life and death of small and medium-sized enterprises, the Neon government has not taken any action, except for bank loan conditions.

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

Matsuda Seiko, who had just given birth, held Shirakawa Kaede's arm and licked his lips greedily.

Individuals also began to borrow large amounts of money from banks to purchase homes and foundations.

As for local areas, local capital is allowed to invest abroad!

In order to stimulate domestic demand, the Neon government, in addition to the contents of the Maekawa report, also lowered interest rates once again.

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

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

That is to say, all the previous restrictions on local consortiums have been removed. Now you can do whatever you want and no one will care.

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

That’s why all Neon people believe that Japan’s era has really come.

I took a quick look at the price, and saw that gold foil ice cream costs about 15,000 yen per bottle.

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

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

In response to the above problems and goals, the report gives suggestions: a fundamental transformation of the industrial structure in foreign trade is essential, and at the same time, we are committed to appropriate exchange rate adjustment and stability.

Therefore, to the extent possible, Nakasone asked the Research Council to submit a report within March 1986.

How to do this? Take the lead in stimulating economic activity through housing measures and urban redevelopment projects.

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

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

While the Neon government was busy promoting the implementation of the contents of the Maekawa report, the domestic export-oriented small and medium-sized enterprises such as the metal and Western foodware industry and the textile industry were in trouble, and the economy basically came to a standstill.

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

At the first meeting of the seminar, Nakasone started like this: observing the recent international situation, especially the neon economic environment.

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

Without his son by his side, Seiko Matsuda was under great pressure.

Neon! Take off!

This famous Maekawa report aroused huge repercussions in Neon after its launch in April.

However, if it does so, it will also face international criticism, so it requires medium- and long-term structural adjustments to Neon's socio-economic structure.

Miyazawa Ki has been taking real action, and the Ministry of Finance has approved a budget of 3,636 billion yen to invest in public investment and residential construction.

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

Pandora's box has been officially opened!

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

So at his suggestion, the Nakasone Cabinet gathered people from the financial and academic circles around it.

"Huh!" She, who was a bit delicate, snorted dissatisfiedly.

I think it is no longer a time to talk and laugh. If we do not adopt appropriate mid- and long-term policies at this time, it is not difficult for Neon's future to be shrouded in dark clouds.

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

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

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

An investment of 5 million yen can be converted into a profit of 1 million yen. It is so easy to make money.

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

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

Not only had she just given birth, she began to exercise to repair her figure and prepare for her next pregnancy.

Then in order to enlighten her, Bai Chuanfeng took her out for a walk, and she saw the scene on the street now.

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