With the yen depreciating to 140, Japan’s manufacturing industry has once again demonstrated the terrifying destructive power that swept across the European and American markets a decade ago.

But compared with the technology chains of developed countries in Europe and the United States, Asia’s backward production level and manufacturing technology are like the primitive embryonic stage.

In just two years, Thailand finally realized why Britain, France, the United States and Germany forced the appreciation of the yen, but its manufacturing industry had collapsed completely and it was no longer possible to recover.

The real economy is the foundation of finance.

When there is a fundamental problem, financial problems will inevitably arise as well.

Although the Bank of Thailand has repeatedly announced that BOT is capable of ensuring the stability of the Thai baht, Soros cited a number of data in the Wall Street Journal to warn that the widening of Thailand’s trade deficit could lead to a serious recession and hoped that Thailand could recognize the seriousness of the problem.

Like a clarion call for an attack.

Financial institutions, led by Quantum Fund, sold Thai baht on a large scale in the offshore market.

On July 7, Thailand announced that it would abandon the fixed exchange rate system and implement a floating exchange rate system.

Soon, the storm began to affect Malaysia, Singapore, South Korea, and other places.

In mid-November, a financial crisis also broke out in South Korea. On the 11th, the exchange rate of the Korean won against the US dollar fell to a record low of 17:1008.

Japan, Tokyo.

Because one-third of South Korea’s GDP comes from investments by major Japanese conglomerates, the financial community held an emergency meeting overnight.

Most of them are presidents and vice presidents from major financial institutions.

After discussion.

If South Korea’s stocks, bonds and currencies are allowed to suffer a triple kill.

Japan itself may also be affected.

after all.

South Korea is the first front line of Japan’s overseas strategy. Even Japan’s Seibo has cooperated with Sony to invest in Samsung. Other banks and securities companies of all sizes also hold assets of varying sizes in South Korea.

After some discussion.

Major financial groups are preparing to jointly put out 1 trillion won to buy Korean won and stabilize the Korean market.

However, before any action could be taken, a phone call from the United States ruined the stabilization plan.

Ministry of Finance.

Listening to Kissinger’s bland conversation.

In the end, Haneda Tsutomu smiled bitterly and had no choice but to give in.

After all, in this division, Japan has already snatched away most of the manufacturing market. If financial capital continues to be greedy, it will probably be hit again by the Plaza Accord.

Facing South Korea’s request for help.

finally.

Japan ultimately did not intervene, and the South Korean government had to seek help from the International Monetary Fund to temporarily control the crisis.

But by December 12, the won-dollar exchange rate had dropped to 13:1737.60.

The president called on the people to donate gold and US dollars to support their national currencies, but it was just a drop in the bucket and everyone’s wealth was lost in the sea that day.

Even when the South Korean president bowed his head and sought help from the United States, the other side remained silent for a while and only said that this was a Wall Street business.

This year.

South Korea is bankrupt…the stock market, bond market, property market, and foreign exchange market all collapsed.

This year.

Sixty-five percent of South Korea’s companies went bankrupt, 70 percent of its financial institutions went bankrupt, tens of millions of people lost their jobs, and more than ten thousand people committed suicide due to debt.

soon.

The won crisis finally hit the Japanese financial industry, which had large investments in South Korea.

In just one month, eight banks in Japan’s financial industry went bankrupt, two securities firms went bankrupt, and even the president of Dai-ichi Kangyo chose to commit suicide at home to apologize.

When an avalanche comes.

No snowflake is innocent.

That year, Haiya Real Estate’s price fell from a peak of 11000 yuan to 700 yuan, and Haiya Development Bank was forced to go bankrupt due to insolvency.

The sharp depreciation of currencies in many countries has impacted foreign trade companies in Asian countries, causing the bankruptcy of many large Asian companies, layoffs of workers, and social and economic depression.

1998 years.

The debt ratio of the Dahan banking industry exceeds 40 percent.

Credit unions are in debt.

And at the same time.

A wave of layoffs broke out.

The four major banks have debts exceeding 36%, and are technically bankrupt. They have no choice but to form asset management companies to transfer debts and plan to go public…

……

Chapter 421: Three Extra Reunions

winter.

Arrived unknowingly.

The financial industry experienced massive bankruptcies, the Ministry of Finance encountered unprecedented social criticism, the cabinet fell again, and the District Prosecutors’ Office also intervened in the investigation of the Underwear Gate.

The financial circle, which was known as a gathering place for elites, suddenly became bleak. The Keio school suffered its first political and economic defeat and suffered a heavy blow.

Even Iida Yoko was forced to resign from his position as Vice Minister of Health, Labor and Welfare for various reasons, and retired in disgrace when he was just one step away from becoming minister.

This year.

The Japanese yen depreciated to 145.

The US dollar showed the strongest bullish trend, rushing all the way to 120 points.

However, with the weakening of the financial circle and Keisuke’s power, the recovery of manufacturing and the increase in export trade, Mitsui completely withdrew from its position as the number one conglomerate, and Mitsubishi Group became the largest conglomerate.

Washington.

A huge estate.

Several white men in their sixties sat together, drinking tea and talking about the current world economy.

When talking about the purchases in Asia, several people had smiles on their faces, but when talking about the future development of the world, they showed worries on their faces.

No one spoke.

But everyone knows what to worry about.

Just slightly loosening the chain around Japan’s neck caused the complete collapse of Asia’s manufacturing industry, and as the dollar strengthened, the US market was snatched away by Japanese companies.

The situation of buying miscellaneous Japanese goods.

It must never happen again.

Maintaining a stable Asian economic system is also in line with the interests of the United States.

The day.

A phone call from the United States was made to Japan.

In the evening, financial bigwigs including Nagano Nao were summoned to Nagatacho for a meeting.

A group of people looked at each other.

I thought that after losing the financial industry in this Asian financial crisis, the entire Asian manufacturing market would be swallowed up, but I didn’t expect the United States to play such a trick.

hike!

Let the yen appreciate!

Do this.

The local area will have to give up again, and even the mid- and low-end industries will have to be discarded.

too disgusting!

But the United States is the boss.

Can’t afford it!

A group of people were cursing.

Only Nagano Nao had no expression.

Harmful!

Although UFJ also suffered heavy losses in the financial market, it is much better than Mitsui, Sumitomo, Dai-ichi Kangyo and Fuji.

Now, Youlian has used the advantages of the Internet to monopolize the entire consumer finance industry and controls one-third of Kansai’s small and medium-sized enterprises. With Sanhe Mutual Aid Association as its bond, it is only slightly worse than Mitsubishi.

In terms of overseas strategy, Youlian and Sanhe Brothers have a closer relationship and are implementing a large-scale joint venture strategy in Dahan based on NTT’s investment in Dahan Telecom.

Secure the second deal.

What a fright!

Spread the news that the Japanese yen is about to appreciate.

Nagano Nao returned home as if nothing had happened.

Ring the doorbell.

Nagano Kanako touched her belly and came to open the door. Seeing that it was Nagano Nao, she habitually shouted: “Master, you are back!”

talking.

Kanako Nagano is about to change shoes for Nagano Nagano.

The child is more than seven months old.

How could Nagano let her do such a thing? He scolded her, took off his shoes, put his arms around her plump waist, and went to the living room.

A disgusting scene.