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We should militarize the national economy, vigorously develop the military industry, and actively carry out foreign aggression and expansion.
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Summary. The main core is to further strengthen the development of the real industry. As for the real estate market, some public rental housing measures have been introduced to solve the problems of bankruptcy, industry, and accommodation for low-income groups.
In terms of finance, it is mainly through the "drag" formula, that is, to exchange time for space, so that a large number of bad bank debts can be slowly offset through the development of the real economy. On the other hand, it has also invested in public utilities on a large scale through the issuance of treasury bonds to meet actual needs. In addition, the Bank of Japan has been amended to have an independent monetary policy, and the Bank of Japan has increased its liquidity with zero or even negative interest rates.
After the bubble economic crisis in Japan, those measures were taken to remedy it.
The main core is to further strengthen the development of the real industry. As for the real estate market, some public rental housing measures have been introduced to solve the problems of bankruptcy, industrial transportation and accommodation for low-income groups. In terms of finance, it is mainly through the "drag" formula, that is, to exchange time for space, so that a large number of bad bank debts can be slowly offset through the development of the real economy.
On the other hand, it has also invested in public utilities on a large scale through the issuance of treasury bonds to meet actual needs. In addition, the Bank of Japan has been amended to have an independent monetary policy, and the Bank of Japan has increased its liquidity with zero or even negative interest rates.
What macro measures has Japan taken?
Pro, the main hidden ridge is still through the word "drag", that is, to exchange time for space, so that the bad debts of the bank in Ohno's posture can be slowly offset through the development of the real economy. On the other hand, it has also invested in public utilities on a large scale through the issuance of treasury bonds to meet actual needs.
In these four specific measures, the first is to give up the guarantee of housing prices and protect the financial market. 2. Continuously raise mortgage interest rates to isolate the financial market. 3. The issuance of treasury bonds and the injection of capital into financial institutions have locked in a part of the flow of mobility.
4. Invest limited funds in the field of high-tech and develop manufacturing.
It's those. What are the specific measures.
Pro, is the choice 1,3
For the real estate market, some public rental housing measures have been introduced to solve the problem of bankruptcy, industry, and accommodation for low-income groups. In terms of finance, it is mainly through the word "dragging", that is, using time in exchange for space, so that a large number of bad bank debts can be slowly offset by the development of the real economy.
What about the national debt and the technology sector.
Technology is all about public utilities.
There is nothing to end to the national debt, which is to issue the national debt.
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After the bubble economic crisis in Japan, those measures were taken to remedy it.
The first is that after the Plaza Accord, there are signs of appreciation for the yen, but it is not serious. At this time, Japan wants to loosen its policy and hedge its foreign trade losses by expanding domestic demand, which is right. But as everyone knows, the loose policy has led to a sharp rise in real estate.
At that time, Japan only wanted to completely get rid of the harm caused by the appreciation of the yen, so as to stabilize economic growth and manage housing prices. 1987 was a node, when Japan** had realized the real estate bubble, but it still couldn't let go of the economy. Therefore, while raising real estate taxes, it has announced the expansion of public investment, and the fiscal policy has changed to loose and fast in an all-round way.
The monetary + fiscal closure and vertical easing eventually pushed the real estate bubble to the extreme. In the end, the way to suppress the foam is also "one-size-fits-all", which is widely regarded as "active puncture". Therefore, instead of saying "active puncture", it is better to say that it is endogenous self-destruction after losing control.
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Reform the current financial system. Japan's current financial system was designed to provide stable low-interest loans to industry in the early post-war period, enhance the export competitiveness of enterprises, and promote economic growth, despite the shortage of funds in the early postwar period. Its basic characteristics are:
imposing strict exchange controls to stop the flow of funds overseas; Implement an artificially low interest rate policy to encourage businesses to borrow. It implements a unified financial management system for the absorption and distribution of funds, that is, a "government-bank integration" system with Japanese characteristics. Under this system, financial institutions have weakened their sense of competition, resulting in unclear ratios of their own funds, low operating capacity, and lack of international competitiveness.
Operator-led enterprise system, development goal priority, lifetime employment system, seniority sequence system and intra-enterprise trade union system. Japan's traditional corporate system is losing its former effectiveness. With the development of the internationalization and globalization of enterprise competition, the Japanese enterprise system will gradually change to a market-oriented model while retaining some of its valuable characteristics, the flow of personnel between enterprises will increase, the proportion of "abilityism" in the wage system and promotion system will gradually increase, the mutual shareholding relationship between enterprises will gradually weaken, the influence of the market on corporate financing will become greater and greater, the relationship between enterprises will become more and more loose, the scope of enterprise activities will also expand, and the cross-border operation will be carried out.
With regard to Japan's economic reform, we can foresee it from at least two aspects: First, it is unlikely that it will get rid of the economic recession and achieve economic recovery in the short term, because the main problems affecting Japan's economic development are deep-seated structural and institutional problems, which have been accumulated over many years, and solving these problems will not be achieved in a day, and these problems will also restrict Japan's development in the international economy; Second, many favorable factors for Japan's post-war economic development still exist. Today, Japan is still the world's second largest economy and a scientific and technological power, and the technological strength accumulated by relying on advanced and technological innovation after the war is still strong.
The economic system and enterprise system established after the war in which the state intervenes in economic life have remained basically unchanged for more than half a century, and they are no longer able to adapt themselves to the new situation of economic globalization and marketization. The essence of Japan's economic structural reform today is to further improve and perfect the market economic system. We will further improve the reform of our own economic structure.
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Japan's economic crisis accelerated the development of the following industries:
1.Comic industry and animation derivative industry: During the economic crisis, people's need to find spiritual comfort increased dramatically, and the manga industry and animation derivative industry have been vigorously developed.
2.Vocational training industry: The large number of unemployed people has greatly increased the demand for vocational training, and the scale of the vocational training industry has been expanding.
3.Non-performing assets** and restructuring industry: The economic crisis has caused many enterprises to go bankrupt, and the industry has produced a large number of high-quality assets, and the non-performing assets** and restructuring industry have been developed.
4.Medical care industry: Aging and declining birthrate have made medical care for the elderly an insurmountable problem, and the medical and elderly care industry has been vigorously developed.
5.Animation industry and animation derivative industries: With the bubble of the Japanese economy, the animation industry and animation derivative industries are gradually rising.
6.New material industry: Japan attaches great importance to the development of the new material industry and lists it as a key development industry.
Overall, Japan's economic crisis has boosted the development of a number of industries and laid the foundation for Japan's economic recovery.
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Animation industry and animation derivative industry, new material industry, automobile industry and automobile-related industries. After the Great Depression in Japan, industries rose to include automobiles, machine tools, robots, and animation, among which the Japanese robot industry began in 1969, and Kawasaki Heavy Industries developed the first industrial robot. In 2011, Japan's industrial robot type included a pay-off value of 100 million US dollars, accounting for the global (8.5 billion US dollars); Bu He accounts for 70% of the share in the field of electronic parts installation robots, and the two together account for 70%.
Japan has put into use 10,000 industrial robots, ranking first in the world, followed by North America (10,000 units), Germany (10,000 units), South Korea (10,000 units), and China (10,000 units).
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In 1980, Japan's GDP was almost half that of the United States. One thing happened in 1985, when the United States rallied five other countries (the G7) to force Japan to sign it. "Administrative" to force the yen to appreciate.
In fact, one of the central ideas is that the Bank of Japan must not intervene "excessively" in the foreign exchange market. Japan had ample dollar foreign exchange reserves on hand at the time, and if the Bank of Japan intervened, the yen would not have appreciated. It's a pity that Japan is a castrated eunuch.
The U.S. military presence, political infiltration, and even the constitution were all tailor-made for it by the Americans, and it was impossible to sign the Plaza Accord without it.
Everyone knows the final ending of Japan. The Plaza Agreement of September 1985 until the beginning of 1988. The United States demanded a stronger yen.
The yen rose according to the agreement, and the yen-dollar exchange rate rose from 240 yen per dollar before the agreement to 160 yen per dollar in May 1986. Since Reagan** insisted that the appreciation of the yen is still not in place, he continued to push the yen higher through verbal intervention and other means. Thus, by the beginning of 1988, the yen had risen further to 120 yen per dollar, doubling the exchange rate before the Plaza Accord.
Are Americans satisfied? No. From February 1993 to April 1995, Clinton's Treasury Secretary Bates made it clear that in order to correct the imbalance between Japan and the United States, it was necessary to have about 20% appreciation of the yen, and the yen exchange rate at that time was roughly around 120 yen per dollar, so according to the inducement target of the United States, the yen** soon rose to 100 yen per dollar.
Later, because Clinton** adopted a more severe attitude towards Japan-US economic relations centered on automobile friction. By April 1995, the yen had risen sharply to 79 yen per dollar, a record high.
What are the consequences of a stronger yen? Rockefeller Plaza is back in the hands of the Americans, and General Motors made a net profit of $400 million in the sale and purchase of this square! Japanese capital withdrew from the United States at a large loss during the difficult period.
The American people have won! Successfully repelled Japan's economic offensive! Let's take a look at the example after 1995, when the GDP ratio between Japan and the United States reopened and grew.
Maybe some netizens still don't understand, what's wrong with the appreciation of the yen? What does it have to do with our conversation? The appreciation of the yen is an economic war against Japan by the United States! It has succeeded in transferring Japan's development wealth over the past 20 years to the United States.
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Japan's bubble burst in May 1989.
The sustained and substantial increase in Japanese assets has gradually made Japan feel the pressure. In May 1989, the Bank of Japan decided to change the direction of its monetary policy and raise the "ultra-low interest rate" that had been maintained for more than two years.
At the end of 1989, Yasu Mieno, a hardliner who advocated suppressing bubbles at all costs, became the governor of the Bank of Japan. At that time, the Bank of Japan (BOJ) took measures such as tightening monetary policy and restricting real estate loans. After the monetary policy began to tighten, the cost of loans increased, land speculation gradually cooled, land ****, followed by housing prices, and bad debts in banks.
At the same time, the financing costs of enterprises have increased, investors' expectations are not optimistic, and most of them have begun to show fatigue.
After Japan's monetary policy began to tighten in May 1989, most of them were members of the Nikkei 225 Index.
In the wake of Japan's tightening monetary policy, U.S. investors have been buying heavily in constituent stocks that have an impact on the Nikkei 225 Index, driving the index to continue to sell, while at the same time shorting the Nikkei 225 Index in the index. When there are enough throws in the Nikkei 225 index, a large number of products that have an impact on the Nikkei 225 are sold. It is conceivable that the Nikkei 225 index caused **.
In 1990, the United States strongly criticized Japan's closed trading and criticized Japan's various behaviors of holding shares in each other's shares. And put forward specific requirements for Japan:
1) Lowering the shareholding standard for banks in Japan from 5% to 2%;
2) Removal of the restriction that a general trading company may not hold shares in a manufacturing enterprise;
3) Strengthen the restrictions on the shareholding of the parent company by the subsidiary.
The implementation of this regulation directly pokes at the key point of Japan's **, and at the same time hides a murderous motive. In this way, there will be a large number of companies in Japan that are originally held by each other on a regular basis to flow into the market, and suddenly there will be a large number of **inflows into the market, and the stock price will inevitably fall sharply. In the Japanese market, it is customary for companies to hold shares with each other, and they are generally held and do not want to be listed for circulation.
In particular, the large number of **requirements** held by banks is a violation and missed opportunity for bank holdings to make big profits in the bull market, and once the bank throws a large number of **, it will inevitably cause a panic plunge, resulting in a crash.
Causes of the economic crisis:
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