Thailand, the epicenter of the storm, is not doing well, and Ben, or one of the world's largest commercial establishments, is coming to its own end.

450 department stores in 16 countries. Who would dare to say that it is not the first. From a grocery store to its current size, it has to be said that this is a microcosm of the post-war footbasin economy.

This is a department store, not a convenience store. Alas, alas, it would have been a very inspirational story if it hadn't gone out of business.

Actually, it can be saved. However, I don't want to see you, so don't talk about Xiangjiang people.

Don't look at the only 1.4% land price tax, the policy of foot basins directly takes away 20% of the profits in the commercial field.

In fact, in a sense, you can see the rise and fall of Yaohan as a microcosm of the economy. It may not be exactly the same, but if you understand it, you will understand the connection between the bubble economy and the Asian financial crisis.

Pushing back in time, in the mid-to-late eighties, the concept that housing prices would only rise and not fall was forcibly instilled in everyone. At that time, if you didn't buy a decent house, the other half of your future life would have to go to a small family to choose.

As long as you are beautiful and have a figure, it doesn't matter what your background is.

Ahem, ahem, this is the wife culture that you don't know about this book. The workplace culture is too cold and bloody, of course it can't go on like this, and it's not impossible to have a shopping struggle within the company.

Then, a platform for easing relations is crucial. So, the wives appeared just in time. Some men are inconvenient to say, or inconvenient to express apologies. It's up to these wives to do the work.

Don't underestimate this wife, many times, the wife of a large company will, which is the barometer of the company's workplace. If your wife is very popular here, you are not far from a promotion and a raise.

Instead, get ready to sit on a cold bench.

This kind of work, a girl from a small family, can't cope with it. You're not from that circle, so it's not surprising to break in and break your head when you break your blood.

Buying a house can appreciate in value, and you can marry a good wife, these are just the demands of ordinary people. For a rapidly growing trading company, of course, there is a higher pursuit.

Buy a plot of land and build a shopping mall. You can use some of it yourself, and you can rent out some of it.

You make money when the land appreciates, you make money when the property appreciates, and you make money when you rent out the shop. Add to that the fact that your department store is already making money, and oh my God, you're going to be the richest man in the world.

Kazuo Wada was fooled and lame, and there was no problem with this account, and from any point of view, it was flawless.

Will house prices fall?

Are you a fool?

Anyway, before the bubble burst, people who say or ask this are basically equated with idiots.

Even if you can't afford to buy a house, you shouldn't make such a bad excuse. Hurry up, if you don't buy a house, we'll break up.

90 years ago, having a decent house was the basis for choosing a mate. 99 years later, ahem, it's okay if you don't have a loan, if you have a house and a loan, you better wash and sleep, no idiot woman will marry you.

Negative equity, which is more terrible than the poor eggs. No money, no job, you can still work hard. If there are still hundreds of millions of yen in loans, it will really be a dead end.

"Wada-san, the current difficulties are only temporary. We have a lot of confidence in you and we have a lot of confidence in Yaohan.

Getting rid of this burden will be recognized by the chaebol, so that there will be no more problems with our cooperation. ”

"Really? Murai-san, Daiei did go a little too much this time, 35 billion yen. In other words, we are concentrating on overseas business. ”

Kazuo Wada thought very well, compromised with the chaebol, and did not mess around on their home turf. If the overseas development is good, he can still turn around and kill back.

That damn land price tax is too ruthless. The economy has been bad for the past two years, and half of the commercial profits will be eaten by it. Damn Celestia, there are times when you cry.

Unfortunately, Wada didn't know. Pay off the debts that fall due, then get a new loan. Such back-to-back loans, it's okay when the economy is good,

Like a credit card, you pay regularly and will improve your credit rating. As long as they are not overdue, they will continue to improve.

As for this time?

Hehe, fool you into selling your property cheaply, and then repay the loan early. This is already a very polite thing.

You know, if you are a little meaner, you can borrow from usury. There is no need to doubt the bank's discipline, they have never had this thing before.

"Special manager, do you really need to continue to give him a loan? We have learned, including several stores in the Rabbit Country, their business is not the best. ”

"Kameda-kun, do your own thing, the company's decision, it's not your turn to question. ”

"Sorry for the trouble. ”

Although Kameda is very aggrieved, his waist is bent very low, and there is a way to do it, and the workplace of the foot basin is like this. There are still a lot of loans to repay, and if you offend your boss, you can easily be marginalized.

Of course, although Murai was reprimanding his subordinates, he was also not in a good mood. According to the president's orders, he lost a large customer. In today's world, his position is also shaky.

Those that can't bring profits to the company are basically defined as rice worms. If you don't want to be humiliated, it's best to take the initiative to get out. However, how could he leave, the heavy pressure of life also made him live like a year.

What? Yaohan will go out of business!

Ahem, the dead friend is not the poor man, it is better for him to go to hell than for me to go to hell myself.

Taking advantage of the trust of customers and directly killing customers is rare in the business system of Yueben. The country is different, it is said that it is a network society, and the higher you go, the stronger the importance of connections.

However, in order not to be implicated, he can only take one step at a time. Murai is well aware of the bank's situation, and if he can't get the money back, there will be problems with the bank's daily operations.

The exchange rate is actually a double-edged sword, lowering the exchange rate can strengthen the competitiveness of domestic products, and its side effect is that the so-called hot money is rapidly leaving the capital.

Not only that, but a group of prescient consortia are also desperately trying to squeeze local business. The reason is clear, it is useless to invest in anything, if the exchange rate drops by half, you will double the stock you bought.

What's more, the exchange rate is expected to fall so obviously, who is holding up to invest in stocks. Overseas investment is the best option.

So, you see, even if the edifice is going to fall, the people at the top of the pyramid will still not be affected. The unlucky ones are none other than those who can't go up or down.

If you want to say that Kazuo Wada didn't think a little carefully, that's not right. The idea of abandoning the original industry and concentrating on expanding overseas business is very clear.

Unfortunately, he miscalculated the bank's bottom line. After repaying the loan, he couldn't get a dime of a new loan. It's a trap, a trap that has been laid out long ago.

Daiei was able to accept this offer, and there was also a game between banks and consortia. A fallen giant can fill the vulture's belly.

In fact, Kazuo Wada doesn't have to worry about it, even if the bank doesn't break its promise and get fat, his Yaohan will still fall. By the time the bubble burst, his tragedy was already assured.

It's really stupid for a retail giant to become a real estate developer. There are really not too many people who can play like this.