The Ministry of Finance and the Cabinet led the development plan for Changyin, but for the first time, the discussion was put on hold.

It can be seen that whether it is the Ministry of Finance or the cabinet, they are actually very entangled.

On the one hand, he hated Changyin, the black sheep, and wanted to destroy himself, but on the other hand, he couldn't give up his heart.

After all, Changyin has provided a great boost to Neon's economic development, and its status in the hearts of the people and the government is itself higher than that of other banks.

In addition, the Ministry of Finance and the cabinet are also worried that if Changyin is allowed to go bankrupt, it may shake the foundation of Neon's financial economy.

Now that the major banks are desperately trying to keep their debts on hold, if the bank collapses, it is likely to cause a chain reaction.

As long as there is a breach in the levee, the collapse will be unstoppable.

Therefore, the Ministry of Finance did not dare to let Changyin go alone in any case, so it convened several parties to discuss the so-called Changyin maintenance plan.

But after a round of talks, it is clear that the final result is not satisfactory to all parties.

UBS left the market angrily because Changyin's bad debts were not made public, after all, they are outsiders, and there are likely to be big holes waiting for them in the acquisition of opaque assets.

Sumitomo was powerless, so he got up and left after a symbolic offer.

Beidu Bank has come up with a solid acquisition plan, and it can be seen that it is also very well considered.

But when you think of the huge long silver, it is very important in the world. Now that it has been sold so cheaply, the Ministry of Finance is very unwilling.

Therefore, they took over the plan of the Beidu Bank, but did not express their position on it.

Shirakawa Kaede knew that this was the Ministry of Finance and wanted to milk a wave of Changyin, and the subsequent development was just as he expected.

Not long after their private meeting, Congress approved a $10 trillion relief fund in October to be invested in the banking sector.

Counting the funds allocated by the Ministry of Finance itself, the total amount of relief funds is 12 trillion yuan.

When the media learned the news, many people thought they had misheard.

This figure is too small, and compared to more than 50 trillion non-performing assets, it is almost negligible.

However, even with this money, many people still oppose it.

Keidanren's president, that is, the general manager of the financial circle, Ken Nagano, said at a press conference.

"If you want to apply for state support, if the bank does not seriously disclose the relevant business information such as wages, it will not be recognized by the society."

For a long time, most banks in Neon have kept the salaries of their employees confidential, even banks with state-owned backgrounds such as Industrial Bank and First Persuasion Bank.

At present, the salary in the financial industry can be much higher than that in the manufacturing industry, but the outside world has not known about it.

Keidanren's role is to investigate the average wages of various industries, which are then compiled and published as a regular wage survey report.

If you want to get help from state funds in the banking industry, then your basic business situation must be made public.

How much non-performing assets are there, where are the applied state funds spent, and what are the salaries of employees.

These need to be clearly written, otherwise you will pay the salaries of the senior management with the relief funds, so what else will you rescue?

When the people heard this, they immediately echoed Nagano's point of view, and they were already very unhappy with the bank.

The price of land is raised by you, and now everyone is so miserable is because of you.

As a result, your bank itself can also apply for state support, so who will support us?

The people can't decide on the congressional relief plan, but where the bank's money is spent, must be explained, right?

However, the Ministry of Finance, which once again pretended to be dead, did not reply to these questions at all, so the bank naturally could not say anything.

In the eyes of the Ministry of Finance, the neon financial industry is already in jeopardy, how can there be any effort to deal with the nagging of the people.

As a result, 12 trillion yuan of funds were quickly approved and distributed to dozens of large and medium-sized bank accounts.

However, because there were too many 20 or so banks, only a few hundred billion yen were actually distributed to each bank.

As the Ministry of Finance, Changyin, which hates iron but not steel, took the least, only 180 billion yen.

As for the Ministry of Finance's behavior of throwing money, the media is basically not optimistic.

In their reporting, this is nothing more than a "last resort" to the banking industry.

After all, compared with nearly 60 trillion non-performing assets, this amount of money is too insignificant.

Shirakawa Kaede smiled even more after learning about Changyin's relief money, it seems that the Ministry of Finance is also ready to give up Changyin.

The time came to the end of the year, and soon it entered 93 years.

It's been almost three years since the bubble began.

In the first two years, the securities and real estate industries were most affected by the bursting of the bubble.

But after more than two years of transmission, the negative impact of the bubble collapse has begun to penetrate into the lives of ordinary people.

The most obvious change is that social welfare has been greatly reduced, and it is becoming increasingly difficult to find a job.

A group of young girls who had just come out of the airport were laughing and walking towards the convenience store.

They had just returned from vacation, ready to buy two job magazines and then find a job to continue working.

Yes, the neon college students of the golden age can be very chic.

In terms of lifestyle, they are infinitely close to the Omega countries.

Generally, after graduation, I first find a high-paying job and go to work for a year and a half, and then quit my job to travel.

In these years, it is too easy to find a job, and the conference clubs are rushing to get people, and the salary is very high.

The arrogant college students, who got a good salary, turned around and quit their jobs to go on vacation.

Enough of playing outside, come back and continue looking for work to work.

Because the conference clubs are competing for people, they don't worry about work at all.

Such a seamless connection has long been familiar to college students.

However, when the group of girls arrived at the convenience store and got the latest issue of the recruitment magazine, they all showed surprised eyes.

Recruitment magazines that used to be hundreds of pages thick are now only a dozen pages.

Then I flipped through it, and the jobs recruited were also low.

What a truck driver, a street cleaner.

What about the previous well-paid assistant jobs? What about training trips that come with job advertisements?

Why is it all gone? Several girls looked at each other, and they all showed incredible eyes.

Can't you still find a job these days?

However, the remarkable slimming of recruitment magazines has not stopped the popularity of a disco called "Tokyo Juliana" in Minato-ku, Tokyo.

Here, men and women are standing under the stage, swaying wildly to the rhythm of the fan dancers on stage.

Colorful lights, deafening music, alcohol and the smell of hormones all stimulate the nerves of men and women.

This discotheque, which opened in May '91 after the bubble, is still full every day.

It's impossible to walk around the store without touching people.

This is the life of the neon folk at this time.

The bubble has collapsed, and the cold wave is coming, but everyone is still immersed in the hangover of the bubble and does not want to wake up.

In addition, due to the impact of the bubble, the operating profit of Neon's real economy has also begun to decline gradually.

In the past, Shirakawa Holdings' annual net profit was at least $3 billion, but now it is just over $2.6 billion.

This is the shrinking profits caused by the general environment, and most of Neon's businesses cannot avoid this.

In the second half of the 80s, the share of neon's exports has been maintained at more than 22%, but now this figure has dropped to 16%.

The root cause is that the industrialization process in the host countries has accelerated, and some markets have been replaced by cheaper goods.

Coupled with the fact that the neon domestic bubble began to show its power after bursting, people have been consciously downgrading their consumption.

Therefore, under several factors, the economic downturn has been inevitable.

In order to cope with the possible industrial depression of neon, Shirakawa Holdings has been preparing for industrial transformation for a long time.

The first is a large-scale manufacturing plant, and the headquarters has basically stopped approving it.

Not only are the factories no longer approved, but the former Walkman and CD player factories are also being closed.

In addition to retaining this production capacity that can be consumed by the domestic market of Neon, the other export batches of products are all produced by the factories of the Celestial Empire.

After '92, the economic policy was further liberalized and allowed large-scale WFOEs to survive.

Today, the headquarters of Shirakawa Electric (Tianchao) has also taken root in Shanghai, which is the beginning of Shirakawa Holdings' large-scale entry into the mainland.

In the coming decades, this will be the focus of Shirakawa Holdings' development.

As for Neon domestic, once domestic demand drops to a certain extent, the last remaining production capacity will also be relocated to the Celestial Empire.

The now-defunct Walkman and CD player factories have slowly moved their surplus industrial workers to LCD TVs, mobile phones, and computer production lines.

These electronic products are still uncertain under the current conditions of the Celestial Empire, so Neon will still be the processing place for these export products in China.

With this method of employee circulation, Shirakawa Holdings has achieved its goal of zero layoffs even when the bubble cold wave is coming.

Even Shirakawa Electric publicly shouted that no matter how bad the situation is, Shirakawa Electric will not lay off any employees.

To be honest, this is actually a fight for fame, although Shirakawa Electric did not lay off people, it is a fact that there are factories closed.

The employment-for-life system that other big businesses have adhered to is about to collapse, and with the onset of the Great Depression, layoffs are inevitable.

Shirakawa Electric's reputation is also stacking buffs for the actions that follow, and not everyone will see what Shirakawa is going to do later.

Of course, this is a later story, as the general environment ushers in major changes, Shirakawa Electric has also had major changes in entity investment.

The relocation of production capacity is a manifestation, and the internal change is that the entire manufacturing system is adjusting.

In the past, in order to save costs, Shirakawa Electric took a vertically integrated processing model.

The characteristic of this production method is that all processes of a product are completed in-house from start to finish.

The typical example is Panasonic, which can even achieve 100% in-house parts.

The same is true for Apple on the other side of the ocean, where Apple computers are basically produced in its own factories, which is also a typical vertically integrated processing model.

But now, with the increase in labor costs and raw material costs, this article is gradually not applicable to the current neon.

As a result, Shirakawa Electric once again took the lead in taking the first step in reform, and it began to try to level the division of labor to complete the processing of products.

(End of chapter)