Chapter 599: Recent Developments in Japan
Chapter 616 Recent Situation in Japan
Among the world's important economic resources that have the greatest impact on gold prices, oil prices undoubtedly play the greatest role in gold prices. ,/ Changes in oil prices directly determine the cost of production in countries around the world and determine the inflation situation; And if the supply of oil is not guaranteed and the demand for oil is not met, the economy may be at risk of stagnation or recession. Therefore, analyzing oil price trends can provide a directional indication for predicting gold prices.
At the same time, in Brussels.
Lin Yu looked at the recent report with a smile, holding the newspaper in his hand and being happy, "It seems that the Americans really didn't see our plan."
Jie Du also smiled and said, "They won't pay attention to this matter for the time being, and our secrecy measures are also very good. ”
"What's the hurry?" Lin Yu asked.
"The focus of the United States is that you want to focus on the Soviet Union and Eastern Europe, and even Japan, and you must be in a hurry to get out, so it is normal for them to get the major European central banks to sell gold and suppress the Soviet Union."
"On the Soviet side, it is not difficult for them to speculate that they should start acting immediately, and it is impossible for them not to guess that you want to do something to the Soviet economy, and even to politics, if Europe has the support of the Soviet Union, which was once a superpower, then the United States in the future will be subject to Europe everywhere, so they must conclude that your mind must be on the Soviet Union."
"In Eastern Europe, as we all know, the United States has been infiltrating Eastern Europe, the Polish Solidarity Trade Union, and the German "New Forum" are behind these organizations, and although we are in the majority of the newly formed German alliance in Germany, it is not difficult to analyze that the United States must have a certain influence on Germany. ”
"At the same time, after the drastic changes in Eastern Europe, those Eastern European countries have been deeply funded by the United States, and they must be very much identified with the United States in their hearts, and the United States is also very eager for these forces, but the United States has always been the United States of the Americas, and they cannot blatantly include these forces into their sphere of influence, and we also want to fight the idea of these countries, and they also know that we will definitely strengthen our control over these countries, and they will rely on Western Europe in the west and the Soviet Union in the east, and the United States will be difficult to compete with us in Europe, so they must have speculated, The next thing we need to do is to take advantage of the upheaval in these countries and the instability of the major political parties, to support our people to come to power, and then gradually strengthen their control over these countries, so they conclude that our center of gravity is also in Eastern Europe. ”
"Finally, on the Japanese side, anyone with a discerning eye can see that the Japanese economy has completely bubbled, and as long as a key blow starts at any time, Japan will be hit hard, which is what we need to be distracted next."
The democratic reforms carried out in Japan in the early post-war period brought about great changes in its social and economic structure, and also made partial adjustments to the social relations of production, and established a bourgeois democratic system that suited the development of the contemporary economy and an enterprise organization form and management system that was conducive to the use of modern management methods, thus stimulating and unleashing the labor wisdom and creativity contained in the people and becoming the basic driving force for promoting high-speed social and economic development.
The evolution of the post-war international situation has provided good opportunities for Japan's economic development. After Japan was forced to give up its right to war in its constitution, it allowed the United States to station troops in exchange for the United States' "nuclear umbrella," with the result that its military expenditure was quite small and it was able to devote a large amount of manpower and material resources to peaceful economic development. Before and after the outbreak of the Korean War, the United States began to vigorously support Japan, not only giving it about $3.6 billion in "special needs" orders, but also returning to the Japanese government 850 confiscated munitions enterprises and providing a large amount of loans and aid, and American private capital also poured into Japan on a large scale. With the support of the United States, Japan has been able to obtain the necessary funds and technology for economic development.
Since the Meiji Restoration, Japan has attached great importance to education, and in 1872, the government promulgated a unified national school system and made compulsory primary education compulsory. In the first year, the education reform was carried out, and the scope of compulsory education was extended to junior high school. By the mid-50s, 94 per cent of the population over the age of 25 was educated, and in the mid-70s, upper secondary education was almost universal. The proportion of government education expenditure in national income has gradually increased, from about 5% in the 50~60s to %~% in the 70s, and 72% in 1980. In terms of the structure of human resources, the government has adjusted the focus of education in light of the development and changes in the economic structure in different periods. In the period of economic recovery, in order to improve the cultural quality of workers, the universal primary compulsory education is the focus; In the late 50s and 60s, the country vigorously developed the heavy chemical industry, and took the training of intermediate technical talents as the focus of education development; Since the 70s, Japan's industrial structure has shifted from capital-intensive heavy chemical industry to knowledge-intensive industry, and the government has focused on cultivating high-level personnel who can independently develop new technologies and intermediate talents who are proficient in the use of emerging technologies. As a result of Japan's long-term adherence to the strategy of "education first", human resources have been ensured for economic development.
The Japanese Government has taken advantage of various conditions at home and abroad to determine a development path with its own characteristics. In this regard, Japan's state intervention and the characteristics of the internal management of enterprises have played a great role in promoting economic development. In addition, in light of Japan's characteristics, the government has adopted the policy of introducing advanced foreign technology on the one hand, and on the other hand, it has established the strategy of "building a country through trade," actively and effectively opened up the international market, expanded import and export trade, and strengthened capital exports. In terms of introducing advanced technology, the government attaches great importance to the latest trends in the world's scientific and technological development, and even uses industrial espionage to obtain scientific and technological information. At the same time, in the 50s, the examination and approval system was implemented to manage and guide the introduction of foreign exchange to avoid duplicate introductions and save foreign exchange.
In the 60s, Japan's economic strength and foreign exchange payment capacity strengthened, and the government's management in this area was relaxed. Japan's introduction of technology is carried out selectively and in a focused manner in accordance with the conditions and actual needs of its own economic development.
Before the mid-50s, the country was in a period of economic recovery, mainly importing traditional complete sets of equipment and technologies in basic industrial sectors such as electric power, iron and steel, automobiles, shipbuilding, and machinery manufacturing. After the mid-50s, and especially in the early 60s, there was a gradual shift to the introduction of emerging technologies based on the purchase of patents.
Since the mid-70s, in order to realize the transformation from capital-intensive to technology- and knowledge-intensive industries, the introduction of cutting-edge technology has been the mainstay. In order to absorb and transform the imported technology, Japanese companies do not hesitate to spend huge sums of money to attract outstanding talents, learn from others' strengths on the basis of imitation, and reform and innovate. In terms of opening up the international market, the import and export trade in 19 years was only 4.5 billion US dollars, in 1960 it reached nearly 8.5 billion US dollars, in 1965 it rose to 16.6 billion US dollars, and in 1970 it jumped to nearly 38.2 billion US dollars. Capital exports in 1970 amounted to $6.7 billion.
The Japanese government's macroeconomic control policy is also part of the Japanese government's macroeconomic control policy by adhering to the policy of high accumulation, high investment, and strengthening capital accumulation, as well as the realization of a low-cost and high-efficiency operating mechanism. High accumulation is based on high rates of exploitation, high savings rates and low welfare. In post-war Japan, wages were among the lowest in the developed West, and they grew at a much slower rate than labor productivity. On the contrary, due to the influence of cultural traditions, the household savings rate of the Japanese people, that is, the proportion of household savings to household disposable income, is the highest among developed countries in the West, and the investment formed by household savings accounts for about 3 of the total social investment
In addition, the government has also made huge investments, accounting for about 30% of total domestic investment in the 60s, and rising to about 30% in the 70s, and the combined private investment and national investment have increased the country's total fixed capital formation from 1,703 billion yen in 19 years to 87,561 yen in 1985, a 50-fold increase in 30 years. The share of gross fixed capital formation in GDP has remained at around 173 for a long time, higher than that of other developed countries. The investment efficiency of capital has also been higher than that of developed countries in Europe and the United States. Under the premise of high efficiency, the rapid growth of investment has contributed to the rapid development of the Japanese economy
"All of this, as long as we can make a move to identify with the United States, then they will no longer suspect anything, and in their opinion, these things are much more important than the euro, which seems very distant now, but they certainly can't imagine that in our hearts, the future euro is also our eye, it is related to our future control of the world, it is as important as the Soviet Union, and Eastern Europe and Japan are much more important."
After the price of gold remained low for many days, the world gold market was in a downturn, and under this cold market, an undercurrent struck.
At Morgan Stanley's headquarters on Wall Street, Perlenk was lying in his chair with a glass in his hand, his legs crossed on his desk, waiting for the result he wanted.
At this moment, Milo walked in quickly, and his uneasiness was not difficult to feel from his anxious face, and soon he came to the desk in front of Perenk, propped his hands on the table, and said in a deep voice, "I think something may have happened." ”
"What accident?" Perenke frowned, looked at the guy in front of him with an unkind face, and made no secret of his dislike for him, "Isn't everything planned very well?" Could it be that the Rockefeller side wants to swallow more? ”
"No, I don't think you know something yet," Milo didn't care about his eyes, shook his head, calmed his face, and said in a low voice, "I just got the news that there was a sudden flow of money in Switzerland, and the specific amount of this money is unknown, which was injected from Switzerland into France, Germany, the United Kingdom, Southeast Asia, as well as our United States and Japan, and then there was a frequent flow of funds between these countries. ”
"What?!" Perenke's eyes shrank, and he jumped up from his seat in shock, and hurriedly pulled Milo's sleeve and asked, "Say, how big is it?" ”
"I'm afraid it's more than 100 million dollars, which is a conservative estimate, maybe more," Milo said after taking a deep breath, "I believe you should know what impact such a large transfer of money in dollar form will have on the market." ”
"How===== how is the international market now?" Belenk took a deep breath of cold air, of course he knows what the impact of such a large dollar flow will be, such a large-scale dollar flow will inevitably crowd out the world's dollar liquidity, once these funds are transferred, then the commodity market that lacks liquid US dollars, including oil and gold prices, will inevitably plummet again, gold and oil prices will no longer be stable, and the same for financial institutions, the transfer of large-scale funds will also cause a shortage of funds in financial institutions, and may even bring a crisis.
"Now the market reaction is strong, gold prices, oil prices continue to plummet, the market fluctuations are sharp, it is difficult to grasp," Milo replied.
"How much money does that go into the United States?" Belenk looked at Milo and asked in a deep voice.
Milo shook his head, "It's not clear how much money there is, and it's not clear which institutions it went into, but if those people want to wreak havoc, then it's a disaster for us." ”
Perlenk let go of his hand, put down his glass, and walked back and forth with his hands behind his back, saying as he went, "What the hell do those Europeans want to do?" Suppress gold, oil, continue to suppress the Soviet Union? But where exactly did the money come from? Savings money in Swiss banks? How dare they touch that money? ”
Milo remained silent, looking at Belenke silently, and after a while, asked, "Do we need to tell Mr. Lurica and the board of directors about this?" ”
"That's for sure," Pelenk paused, nodded, and dialed a call, "Hey, I'm Pelenk, I'm in a hurry to find the patriarch = yes, yes, I see."
After hanging up, Pelenk pondered for a moment, while Milo hurriedly approached and asked, "How is it?" What did Mr. Lurika say? ”
"Stop buying gold first, prepare to save funds, and be sure to recover the liquid gold in the market as soon as possible," Pelenk looked at Milo and said slowly.
"Will there be any surprises?" Milo asked, looking at him worriedly.
"Hmph, this is what the patriarch meant, if there is a problem, you can raise it with the patriarch," Belenk snorted coldly and said dissatisfiedly, "When can you stop questioning what I say, your attitude makes me feel my status." ”
"Me?" Milo was stunned, and after a moment he muttered, "I'm not here for the good of the company." ”
"Really?" Pelenk waved his hand and said impatiently, "So be it! You go down first. ”
"Okay," Milo sighed and said helplessly, he knew that Pelenk didn't like him, but his character was not the kind of person who liked sycophancy, and after saying that, Milo turned and left.
The gold market had been slumping and stabilizing for many days, but suddenly, the commodity trading market fell sharply again, due to the sudden international transfer of large amounts of dollars, resulting in a squeeze on international dollar liquidity. Clear