Start from 1980

Chapter 1126 Conspiring to Semiconductors

"It's very simple. Since everyone is happy to see "what they deserve", then the "black sheep" will die for everyone to see." Su Chen said, "If it was only various small credit unions that went bankrupt in the first place, then you certainly don't care too much.

At most, the Ministry of Finance and the Central Bank sent some officials there to carry out restructuring, and it was a very simple matter for other local banks to acquire these enterprises in a coordinated manner.

But what if Tokyo Concord and Ping An Finance went bankrupt? "

"It's impossible." Mie immediately took over, "The deposits of these two institutions have reached more than 2000 billion yen. How could they go bankrupt?"

"Mr. Mie's words are very reasonable. In fact, I don't think these two institutions will go bankrupt." Ito Takatoshi followed up, "Is this a bit alarmist?"

The reaction of these two people was the same as that of the bank that lent money to people to speculate in stocks back then. Their heads were full of: That can't be done, little brother.

"Scaremongering?" Su Chen shook his head, "The reason why I'm sure is because the banking industry and the land are tightly bound together.

This year, Japan’s Benzene did see its first decline in housing prices after 21 years of rising prices. Many officials who have struggled with the evil real estate for many years should be relieved.

But this is the beginning of the nightmare. After all, your economy mainly depends on the prosperity of real estate, and other industries have become hollow. The economy is one. It does not mean that the decline in housing prices is a good thing.

The entire economy has now fallen, people are unemployed, companies have closed down, and banks that lend money to real estate naturally have a lot of bad debts. "

"This..." Takatoshi Ito subconsciously looked at Mie.

It is true that a large number of real estate companies have gone bankrupt. If they do not pay the money owed to the bank, they will definitely drag the bank down.

If a large number of banks fail, a chain reaction will be triggered, and a large number of enterprises will close down, followed by a wave of unemployment, housing supply cuts, defaults, and building jumps.

Sanzhong didn't quite believe what Su Chen said, after all, the two capitals were right under their noses, so how could it be possible to close down just by saying they went bankrupt?

Su Chen didn't expect them to believe it, anyway, he was not their aide, let alone a Japanese person, who likes to go bankrupt.

San Chong said: "Mr. Su, let's eat first."

Most of them are used to being aloof, and they don't know how terrible the panic in the financial market is.

Su Chen wasn't talking about these things either, and everyone started eating and drinking.

Love it or not.

Of course, Mie still has many economists to rely on, so there is no need to learn from oneself.

At the next dinner, everyone didn't discuss these things again. Mie and Takatoshi Ito were very good at finding topics, and they didn't let the dinner stand cold.

After eating and drinking, Sanzhong said: "Mr. Su is very accomplished in economics research. If you choose to teach, I believe you will become the youngest professor at Harvard."

"But my ambition is not here." Su Chen said with a smile, "I still like to travel around the world, and then make some investments. If I am asked to teach, I am afraid that I will mistake my children."

"Everyone's aspirations are different." Mie smiled and said again, "Now China's economy seems to be somewhat similar to that of Japan. Do you think China will also enter the bubble?"

This question is on point, Su Chen shook his head, "I'm not worried about this, because I have confidence in our leaders."

Triple moment speechless.

There is no way to talk about this topic.

Because Japan is not like China, and Mie has no time, he doesn't even know if he can be re-elected, and now various factions are making various tricks.

Once he cannot be re-elected, there will be no more time to reorganize Japan's financial system.

Moreover, the Minister of Finance Hashimoto Ryutaro, who has been fighting with Mie for a long time, did not give him a good look. Once Hashimoto wins the position of prime minister, the central bank will definitely become the "handmaid" of the Ministry of Finance again.

Seeing that the time was about the same, Sanzhong said: "Mr. Su, thank you for accepting my invitation. I hope that one day we can have dinner together again."

"I also thank Mr. Mie for the invitation." Su Chen shook hands with him, "If Mr. Mie comes to China one day in the future, I will definitely host a banquet for you, and Mr. Ito, thank you for your company these few days."

"You're welcome, this is what I should do. When you come to Japan, I will naturally do my best to be a landlord." Takatoshi Ito said with a smile.

Su Chen left first, but Ito still insisted on sending him to the hotel before leaving.

I have to say that their etiquette is really a bit of that.

Then Ito went back to find Mie.

Although the two of them doubted Su Chen's claim that the two banks might go bankrupt, they would rather believe it or not.

What if it really goes bankrupt?
"Ito-kun, do you think what Su Chen said is credible?" Sanzhong asked.

Ito thought for a while before answering, "Mr. Mie, I can't guarantee this, because the entire financial market is interlocking, and economic growth is related to inflated asset prices and consumer bubbles.

Banks involved in the real estate market on a large scale will have a heavy burden of non-performing assets. I think we should be prepared. "

"Yes, we can pay attention to it a little bit." Triple nodded slowly.

That's what he said, but he still wants to beat the dogs in the water, and take advantage of the bankruptcy of these institutions to get rid of all these black sheep. As for the central bank's takeover, it seems impossible to him.

Rather than worrying about whether the central bank will take over these failed financial institutions, he is more worried about whether he can be re-elected.

If he cannot be re-elected, he can only watch the economy fall into the quagmire again.

……

The exchange at Hitotsubashi University will continue the next day, so after sleeping, Ito came to pick him up to go to the university again.

Today's topic is not related to Japan's benzene economy, and I don't know if it is worried that it will cause national panic.

There is a saying that 'whatever stage you set up, you can sing what kind of play'.

What I want to discuss today is the impact of the disintegration of the Yalta system on Germany and other European and American countries.

Ito and other Japanese economists talked about the substantial increase in fiscal deficits and foreign debts of Western European countries, especially Germany, which was hit hardest.

During the period, they also talked about the Tokyo summit meeting of seven Western countries that ended on July 7 last month, and declared:

North America's economy "continues to pick up," but at a "slow pace"; Europe "shows some signs of picking up, but remains in a notable depression";
And Japan's benzene "began to recover to a certain extent, and the recovery was obvious."

Perhaps this can make the public feel hopeful, at least it feels that Japan can return to the myth of sustained and rapid development.

Yesterday looked like Su Chen's personal show, but today it turned into a personal show of these Japanese benzene experts, and everyone actively expressed their opinions.

At the end of the exchange, everyone had dinner together, and said that it was a very successful exchange. The students listened with great interest, and the views of economists such as Mr. Su Chen and Mr. Ito inspired many people...

A reporter also asked Su Chen if Mr. Mie had talked with him. Su Chen said that he had indeed met Mr. Mie. Mr. Mie was a very courageous person.

As for what to talk about, no comment.

Afterwards, Su Chen left this place, returned to Tokyo, found a hotel to stay, and met Kong Liang, the person in charge of the company in Japan.

In addition to being in charge of the game industry, Kong Liang took advantage of the economic downturn in Japan and adopted the strategy of high-priced poaching, and recruited a large number of talents from Japanese semiconductor companies.

Some technicians were also told that if they passed on the technology accumulated by Japanese Benzene enterprises to technicians in Hong Kong, the remuneration would be three to five times what they received in Japan Benzene.

Although there are still 6 of the top ten semiconductor companies in the world this year, which are Japanese benzene companies.

But it is still unknown who will win the battle.

Because in addition to Shengshi poaching people, Samsung has been poaching people, it depends on who pays the highest price.

However, semiconductor is a mature industry, and the entire industry chain is divided into upper, middle and lower reaches, including upstream materials, equipment, and EDA software, midstream design and manufacturing, and downstream packaging and testing.

All links are closely related, mature and complex. If any link is missing, the entire semiconductor industry will not be able to operate normally.

The so-called core technology wins the world.

The higher the upstream, the denser and higher the core technology, especially in the field of semiconductor materials and equipment. The characteristic of technology density determines that semiconductor materials and equipment directly affect the middle and lower reaches of the entire industrial chain.

Without qualified and advanced materials and equipment, IC design can only be done on paper, and IC manufacturing, packaging and testing are also without rice.

Therefore, this time, Su Chen wanted to snatch the monopoly of semiconductor materials from Japanese companies.

The first Japanese company he plans to start...

(End of this chapter)