Coquettish Rebirth

The days of Japan and South Korea are quite sad now.First of all, as far as South Korea is concerned, this country once created the same history as Argentina-it was kicked back from a developed country to a developing country!And what kicked them back was the Asian financial turmoil.After the Asian financial turmoil, there has always been a joke saying that Korean women need to donate gold and silver jewelry to the country to help the country tide over the difficulties.

Such a thing is really not false, the reason lies in South Korea's operating model.In a country with a small area like South Korea, it is natural to achieve an export-oriented economy in order to develop its economy, and the country's economy has begun to slowly revive, so it has to rely on the hands of the Americans.Just like Japan, Germany and other countries obtained reconstruction funds with the help of the Marshall Plan, although South Korea once lived much worse than North Korea, it gradually developed with foreign funds.

After it has developed, the development of South Korea relies on foreign funds, just like groups like Daewoo, which rely on domestic loans for development, and where do domestic loans come from?It is all overseas funds borrowed by their Korean financial institutions!Under such a model, if it can develop steadily all the way, it is fine. If it cannot develop smoothly and encounters some waves, and suddenly foreign capital wants to withdraw funds, Daewoo Group and the like will face extremely high debt problems!

Not only Daewoo Group is like this, even South Korea has changed like this - after the financial turmoil of 97, in November 97, the foreign exchange reserves of the entire South Korean country were only a pitiful 11 billion US dollars!Ever since, South Korea can only urgently request assistance from the IMF.Correspondingly, if you take other people's IMF money, you have to listen to the IMF's words, so the entire country's economy has to accept the IMF's interference and supervision.And the opinions given by the imf are all kinds of rectifications aimed at chaebols and financial institutions!

And in the process of this kind of rectification, it is a series of currency depreciation, corporate bankruptcy or company layoffs, and the more than 30 chaebol groups that were famous in South Korea before the crisis, in 98, 16 or almost half of them have suffered There is a crisis!The next step for a group that has encountered a crisis is to lay off employees and sell assets!Therefore, the crisis in South Korea is far from over, and Jia Hongjian and Ye Jing's trip to Japan and South Korea.Just to take advantage of the low price to sweep the goods!

Similar to Korea.Japan is also very sad this time. At the end of 97, it set a record for the most closed companies in a single month in history.However, Japan's misfortune is not the same as South Korea's misfortune. If we say that South Korea rose later than Japan, the capital quota is not enough.So rely on foreign debt.Then Japan is largely due to being linked by Southeast Asia-in the traditional Japanese plan.Southeast Asia, like mainland China, is an important part of the Flying Geese camp.However, although China is not too late to open up, the Japanese are still slow to enter China.Most of them still have factories in Southeast Asia, especially Malaysia.You must know that in 1996 alone, Japan invested 400 billion US dollars in Southeast Asian countries!Relatively speaking, the United States invests more in various financial products, while most of Japan's 400 billion US dollars are direct investment in building factories!

As a result, Japan's imports from Southeast Asia accounted for a large proportion of Japan's total imports—the data for 1996 alone showed that Southeast Asian products imported to Japan accounted for 15% of Japan's total imports. %!For Japan, Southeast Asia is also a dumping ground for products!Also in 1996, the Japanese products eaten by Southeast Asian countries alone accounted for 20% of Japan's total exports!Both are higher than the exports to the United States and the European Union respectively!

You must know that China has not been too severely affected by the financial crisis in 97, because the export ratio itself is not much in terms of economic ratio-it is only 19%, which is still the weight of all China's exports in GDP !And the weight of Japan's exports to Southeast Asia has exceeded the weight of China's overall exports!Ever since, it is certain that they will be more affected!

First of all, as the local currency in Southeast Asia depreciates, the prices of Japanese products exported to Southeast Asia will increase in price!In particular, the local currency in Southeast Asia has depreciated by 30% to 40%. If this is based on the usual Japanese yen price, it is equivalent to a 30% to 40% price increase in Southeast Asia. Can this be sold?If the price is lowered, the Japanese company will suffer losses!At the same time, the same is true for imports. Although the depreciation of Southeast Asian stuff makes it possible for Japanese to buy cheaper Southeast Asian goods, but in this era, Japanese local products are still the mainstream!In this way, doesn't it mean that cheap products from outside factories hit the local market?Although in this way, the impact on corporate profits is not too great, but the labor market cannot be transferred!The Japanese local products have been affected, and the manufacturers shut down the local enterprises, and the local workers will lose their jobs!Then it will affect the local consumption level, which will eventually affect the activity of the entire market!

After being implicated in Southeast Asia in this way, Japan's stock market and foreign exchange market began to fall all the way.Generally speaking, the stock market and the foreign exchange market are unlikely to fall together, otherwise it can only explain one problem - capital flight!And the most important reason for the capital flight here is the loss of investors' confidence in Japan!At the same time, although Hashimoto Ryutaro's cabinet has been talking about financial reform, the vested interest group formed by the consortium has always opposed the reform, which has caused Japan's financial situation to be very critical!

Then after the financial crisis came, the Japanese banks and securities companies were hit by the market because of their poor security, which directly caused dominoes to fall one after another. What is the Hokkaido Reclamation Bank and what is Yamaichi, one of the four major securities companies? securities.The collapse of so many banks and securities companies has further affected the mentality of investors. Even ordinary people in Japan have begun to say that not only will they not trust Yamaichi Securities in the future, but even all securities companies will not be trusted!

By December 1997, Japan announced that the total amount of unrecoverable loans of Japanese banks had reached 12 billion U.S. dollars!The Ministry of Finance and the Bank of Japan estimate that these uncollectible bad debts account for 6080% of total Japanese bank loans.currently.According to data released by relevant research institutions, it is predicted that Japan's unemployment rate in 14 will reach 1998%, and this figure directly created the highest figure in the history of decades after the war!At the same time, the research institute of Sumitomo Life Insurance predicts that Japanese construction companies may lay off 3.9 workers within this year, and the retail industry may also lay off about 7 workers!After adding up all walks of life, more than one million people may be unemployed in 15 alone!You know, the population of Japan is only 98 million!A million people are unemployed, which is equivalent to tens of millions of people in China who are unemployed!

The situation in Japan is so bad, which is one of the reasons why Jia Hongjian chose this time to buy the bottom.But why did he choose to buy the bottom when he knew that Japan was going to fall, instead of waiting for the real bottom to come?That's because it happens to be the crisis that Samsung is also involved in South Korea!Now Samsung happens to be the most difficult time.The representative of the Korean chaebol.The debt has reached a record high of 180 billion US dollars!It can be said that it is quite dangerous!Of course, history will prove that they can overcome this difficulty, and after they overcome this difficulty again, they will go to Japan to buy bottoms!To avoid Samsung getting ahead of the curve.Jia Hongjian naturally wanted to buy the bottom when there was no competition!

soon.The special plane of Jia Hongjian and Ye Jing arrived at Narita Airport in Japan.Their silvery, distinctive little plane.It has attracted the attention of many tourists.Many people found that two people dressed as tourists alighted from the small plane—they looked very fashionable, not like business people.then.The two got into a black Mercedes that drove onto the tarmac and drove away.Many of them are guessing which family is rich and powerful who got off this plane, or whether it is a star.However, what they don't know is that the man among the two young people who came down will bring a bloody storm to Japan that no one can see now, but everyone will be heartbroken in the future!

First, Jia Hongjian was in the Mercedes-Benz with Gunpei Yokoi and Hideaki Hatta.Tajiri Satoshi said, "I took a look at your work, and it's all good. There's nothing to criticize, but I have something to trouble you with. Tomorrow, help me prepare the phone numbers of all the large headhunting companies in Japan and contact them in advance. Alright, let’s say I’m going to pay a lot of money to poach someone.”

That's right!This time when Jia Hongjian came, he wasn't going to talk about it himself or anything.After all, he is a Chinese, and he may have a little understanding of some principles of the electronics industry, but how can he be so familiar with the names of any technicians?Didn't he try his best to prepare for rebirth in his previous life!So for professional matters, leave it to a professional person, who is responsible for paying the money, and then find a Japanese headhunting company to help with the headhunting and poach the wall, and that's it!

"Headhunting company?" Hatta Hideaki, Yokoi Gunpei, and Tajiri Satoshi looked at each other in surprise.To be honest, the Japanese branch of Huaxia Hi-Tech where they are now really doesn't even have a basic shelf-in general, it is divided into three parts, one part is the animation department, which Hatta Hideaki and his wife are in charge of. of.Jia Hongjian handed over the power of making animations to them. As long as they are optimistic, they can start to make animations after reporting to Jia Hongjian.The second department is Yokoi Junping's game department, or the hardware development department.Junpei Yokoi's strength lies in hardware rather than software, such as dancing mats and other hardware, which were developed by Gunpei Yokoi.And the third department is the game software development department led by Tajiri Satoshi, which is responsible for making software, such as "Pokemon" games, that is what they do.

There is not much connection between these three departments, and there is no such thing as the chairman or general manager. Although the three departments are all departments of the Japanese branch, and they all work in the same office building, the actual On the surface, it looks like a subsidiary company that is responsible to Jia Hongjian.Therefore, the three of them subconsciously thought that Jia Hongjian's boss would poach them for animation, games, and game console hardware.But who knows what Jia Hongjian said next, "In addition, we will set up the overall structure of the Japanese branch as soon as possible. Do the three of you want to take on a heavier burden, or are you responsible for the one at hand?" (To be continued..)