Chapter 712: Pressure
It is better to believe in what is there than to believe in what is not.
Shinichi Niwano sneered in his heart, this is called not knowing the price of firewood and rice, in fact, the Ministry of International Trade and Industry does not know that Japan's industrial competitiveness is declining, and China is precisely the biggest threat to Japanese industry. However, the Japanese economy is also facing the impact of the Asian financial crisis, and the main energy of the cabinet is to deal with the immediate crisis.
The Ministry of International Trade and Industry (MITI) had known about the Akima Kaisha's bankruptcy filing for a long time, and it was discussed at the meeting. The plan that everyone came up with was to find a company to buy Autumn Club, so that the creditors could recover some of the loans, and the interests of the shareholders could be protected, which was better than being completely ignored. In fact, people prefer to have foreign companies buy by foreign companies rather than buy them from local companies, because then Japan can increase some foreign exchange earnings, which is very beneficial to stabilizing Japan's macro economy.
China is the one that is interested in and able to acquire a Japanese company such as Akima Kaisha, and everyone's judgment on this issue is very clear. Concerns about the technology outflow were not raised during the discussions, but they were quickly overwhelmed by macroeconomic pressures. Chinese get the technology, digest and absorb it, and then use it to compete with Japanese companies, at least a few years later, by that time, the Japanese cabinet may have changed more than a dozen times, can everyone worry about the next successor?
Of course, the bureaucrats would not have said it so thoroughly, and they put the blame for this dilemma on the enterprises, if these enterprises were not obsessed with the virtual economy all day long, and if Japan still had the kind of self-motivation that it had in the Showa period, why would the threat of one China be enough?
Although he thought so in his heart, Shinichi Teno still carefully read the report submitted by Uchida Yu, and then, he was silent for a while, raised his eyes and asked Uchida, "Uchida-kun, what is your suggestion?"
"In the name of national security, the acquisition of Japanese companies by Chinese companies must be stopped. Uchida said without hesitation.
Shinichi Niwano shook his head decisively and said, "It's impossible. Mergers are normal market behavior, and there is no reason to prevent Chinese from acquiring Japanese companies. β
"At the very least, we should list some key companies and prohibit Chinese acquisitions." Uchida took a step back. In fact, he also knew that his previous request was too extreme, and people Chinese came to buy a ramen restaurant, and you didn't agree to it? What he is concerned about is only enterprises with core technologies such as Autumn Club, and it is enough to be able to control these enterprises from falling into the hands of the Chinese.
But Shinichi Niwano shook his head and said, "If Uchida-kun wants to stop only one or a few companies, then the Ministry of International Trade and Industry may be able to support it, but there is also a price to be paid for this." And if Uchida-kun is referring to not just a few, but dozens, hundreds, then the Ministry of International Trade and Industry does not have the ability to do so. If hundreds of bankrupt companies cannot be acquired, it will affect the macro economy of the whole of Japan. β
"What does Mr. Niwano mean is that if we only ask to stop the Akima Kaisha's trade, the Ministry of International Trade and Industry can support us?" asked Uchida tentatively.
Unless you can provide further evidence to explain what is the obvious difference between the Akima Company and other companies, such as the Xinyong Bearing Company, the Wuzhi Reducer Company, the Ishimae Construction Machinery Company, and so on, why did the Ministry of International Trade and Industry issue a protection order to the Akima Company alone?"
Uchida Yu was speechless, and Shinichi Niwano's logic was correct. Because of macroeconomic pressures, it is impossible for the Ministry of International Trade and Industry to let hundreds of enterprises go bankrupt directly, and finding Chinese to take over is the best choice. Since these hundreds of companies are allowed to be sold, there must be a reasonable reason for restricting the sale of Akima Kaisha alone. Otherwise, not to mention that there is no way to explain to the Chinese, I am afraid that the shareholders of the Autumn Company will also come to the Ministry of International Trade and Industry to ask for an explanation.
"Perhaps, I'm in the wrong place. Uchida Yu was silent for a while before saying lightly.
"Does Uchida-kun want to report this directly to the cabinet?" asked Nobuichi Ino.
Uchida smiled miserably and said, "The bureaucrats only care about their own jobs, so how can they care about the future of Japan." I think that only the power of public opinion can wake up the cabinet. β
Tingno Shin was stunned for a moment, then spread his hands and said, "If this is the case, then I can only say that this is the freedom of Uchida-kun, and I can only obey the orders of the cabinet." β
A conversation ended unhappily, and Shinichi Teno showed excellent self-cultivation and personally sent Uchida Yu out of the office building of the Ministry of International Trade and Industry. Instead of returning to the company, Uchida went directly to a right-wing newspaper and sent the materials he had prepared to the desk of the editor-in-chief of the newspaper.
Two days later, more than a dozen right-wing newspapers simultaneously prominently published excerpts from the so-called "Iketani Report" and inflammatory comments, with murderous headlines one after another:
"Chinese companies have long stolen Japanese technology, and it has become the biggest threat to Japan"
"Japan's land sinking is imminent, China may be the biggest culprit"
"The Flag of Shina Flying in the Japanese Archipelago"
"100 million total jade shatters, defending the soul of Yamato"
β¦β¦
Looking at these titles, Yu Uchida had a feeling of pain in his lower body. He is an industrialist who does not talk to those right-wing forces who rely on grandstanding to gain favor and make money. Some of the remarks of the Japanese right-wing often make people abroad, especially the Asian people, feel unhappy or even angry, and then affect the image of Japanese enterprises in the local area, so most people in the Japanese business circles are unwilling to get involved in the right-wing forces. But this time, Uchida was cornered and had to use right-wing forces to hype up the threat from China and then put pressure on the government, which is what it's like to dance with wolves.
"Uchida-kun, the 'Ikeya Report' published in Sankei Weekly is from you, right? What do you mean by the report's extreme criticism of the Akima Kaisha and the disgrace of the Yamato nation?"
Minai RyΕ«yoshi immediately called Yu Uchida's desk. This old man was originally a short-tempered man who had to make trouble for three points, and how could he have any good attitude when he saw Iketani Productions so derogatory about the Akima Club.
"President MinΓ©, this is a complete misunderstanding. Uchida Yu was bitter in his heart, but he really couldn't say it. The report he submitted to the right-wing media did give the example of the Autumn Society, but in conscience, he didn't add those irreverent comments at all, and the editors of the right-wing media added these words themselves, okay? These editors interspersed the Iketani Report with their own comments to make people feel that the two were the same whole, and as a result, they put him on the fire.
"Uchida-kun, if you can come up with 25 billion yen, I will sell the Akima Kaisha to you immediately, and no patents will be lost to the Chinese." But you are not willing to pay to save the Autumn Society, what qualifications do you have to accuse us of betraying Japan's interests? When we jointly bid for four sets of large fertilizer equipment in Argentina, if it were not for the collusion between you and the Chinese, deliberately delaying time, and allowing the Chinese to perfect their new process of ruthenium catalyst, how could we Japanese companies lose this business?"
"President Mine, you need evidence for what you say, why do you say that I colluded with the Chinese in that incident?"
"I have a picture of you and the Chinese negotiators drinking sake and chatting together, and I have already asked people to send it to the newspaper, and I think the newspaper will be very interested in this kind of news. β
"That's just me listening to them......"
"Yes, when the newspaper reporter asked me for confirmation on this matter, I had already proved your innocence for you, and I said that it was absolutely impossible for Uchida-kun to conspire with Chinese......"
ββ¦β¦ So, should I thank President Mine?"
"Don't worry, I mean, Uchida-kun is just very stupid, and he was tricked and talked to others. β
"I ...... Poof!"
Uchida Yu spurted out a mouthful of old blood for more than three feet.
Mineilongi's counterattack was only useful to Uchida, and the right-wing media's demagogic ability was not comparable to Minuchilongji's ability. A considerable number of Japanese people who could not afford to eat watermelon were fanned by the media, and a wave of resistance to the acquisition of Japanese companies by Chinese capital was set off among the people, and it really affected the Japanese cabinet.
After the cabinet asked the Ministry of International Trade and Industry about the reasons for the matter, and after reviewing the full version of the "Iketani Report" left by Uchida, the cabinet instructed the ministry to do something on the issue of Chinese-funded acquisitions of Japanese companies, for example, to divest some key technologies from these enterprises, and then sell the shell of a completely soulless enterprise to the Chinese.
"That's taking us for fools. β
After learning of the decision made by the Japanese Ministry of International Trade and Industry, Feng Xiaochen commented coldly.
"The Japanese have their own reasons for doing this. Wu Shican said. They discussed this issue at a regular meeting of the equipment company, which was attended by the company's leaders and key middle-level cadres.
"Isn't that so, how shrewd devils are. Hao Yawei, deputy general manager of the company, said, "We are staring at their technology, and they also know this, so they only sell enterprises, not technology, for fear that they will teach apprentices and starve them to death as masters." β
"But our requirements are also very clear, it is useless for us to come to these shell enterprises, and if we do not come with the company's technology, we will not buy them. Wu Shican said.
Leng Feiyun said worriedly: "In this way, I'm afraid this matter will be in vain, and the two sides can't get along." β
Wang Genji said indignantly: "If you soak in the soup, you will soak in the soup, and if we leave the little devils, we will not engage in industry?" Aren't they unwilling to transfer technology, so we will do it ourselves, and the ruthenium catalyst process last time was not made by ourselves?"