Rebirth 79: I opened a bank in the United States

Relatively independent monetary policy and relatively free capital flow.
Savoring this sentence carefully, the faces of the crowd showed thoughtful expressions
Freer capital flow means that more living water may be attracted, but it is relatively controllable.Let foreign capital not threaten Japan's core interests as much as possible.
And the vitality brought by this part of foreign capital can inject a boost to the foreseeable sluggish economic development of Japan.
The relatively independent monetary policy gives Japan the power and ability to regulate the financial market.Compared with fully opening up the market, Japan can have more autonomy
Thinking about it this way, everyone gradually felt that this seemed to be a way to control risks.

As it is now, on the exchange rate issue, Japan has no confidence in head-to-head confrontation with the United States!

The result of the new round, the third US-Japan talks, until the end of April.This was just released at the venue where Carter was so bored that he almost fell asleep.
On the surface, the two sides are still picking each other's ears without giving an inch.
A little bit of a small problem requires you to come and I argue for a long time, but in the third meeting summary report, there is a very interesting phrase: step by step with long stride
step by step across.
This is clearly an inconsistent term.

Since we want to leapfrog, how can we talk about step by step? !If Japan's financial reform process is gradually promoted, where does this leap forward? !

But through this language, Carter has already felt that the Japanese side has a tendency to be soft
It's just that the differences between the United States and Japan are still very big!

It is not difficult for Carter to guess that at this moment, the Japanese pay more attention to the first half of the phrase "gradually".To change slowly, is it necessary for the yen to appreciate?OK, I agree, but I want to appreciate slowly!To open up the Japanese financial market, right?OK, I agree, but I still want to open up a little bit.
But the Yankees, or rather, Secretary Reagan obviously didn't have the patience.What is crossover? !

In other words, since the yen is going to appreciate, don't worry about it, just do it in one step!Your Bank of Japan will first stop the money printing machine, and then take out your foreign exchange reserves and buy Japanese yen!Don't talk about agreeing to the appreciation of the yen, while secretly increasing the money supply of the yen behind the scenes
Since Japan's financial market will always be fully opened in the end, it should be done in one step.It just so happens that if Japan doesn't want to spend foreign exchange to eat yen currency and reduce the supply of yen, then we come to the United States!We use foreign capital to absorb the yen currency, is this the head office? !
Moreover, I don't know if it is his own illusion, Carter always feels that the focus of the Japanese negotiation seems to have shifted.
In terms of exchange rates, they are suddenly less resistant to yen appreciation than they used to be.Even in this meeting, the Japanese Tibetan Prime Minister Noboru Takeshita made a joke of himself, because the pronunciation of Noboshi Takeshita's "Deng" in Japanese is almost the same as "Sheng".
Takeshita said with a smile: "I am on the board, and the yen will naturally rise."
While softening the exchange rate, it almost stung the US representatives on the issue of opening up the financial market.

Secretary Reagan, as a follower of the Chicago school of thought who believed in a free market economy, no matter whether it was due to the so-called "guardian" academic dispute or out of the interests of the United States
The conservative and closed financial system of Japan is not pleasing to the eye horizontally or vertically.
I thought that Japan had agreed to allow the yen to appreciate to 220 to 1 on the exchange rate issue, which was a signal that it was on the verge of success.As a result, the opening of the financial market suddenly failed.
The angry Secretary Reagan directly turned the second half of the US-Japan talks into an academic debate.
Listening to both sides going back and forth arguing whether a free market economy is better and more suitable for Japan, or a government-directed economy under the guidance of Keynesianism is better
In short, practical issues were not discussed in the second half of the talks!
However, this is not a bad thing for Carter!
At least, there has been a breakthrough in the exchange rate issue, and Japan's attitude has loosened. When it promised 220 to 1 on the surface, it should be combined with reality.This agreed exchange rate of 220 to 1 is very likely to directly appreciate the yen to 200 to 1 under the influence of speculators, pressure from the United States and other factors.
As Akio Toyoda said, once the US-Japan exchange rate reaches 200:1. The demands made in the "Morgan Report" will be resolved superficially!President Reagan at least has a step to go down
And Carter finally waited for a chance to "show his loyalty" again.

On the fourth episode of "Tucao Conference", in the recent TED public class, Carter personally instructed the screenwriters to "after President Reagan's tireless efforts and his superb diplomacy, finally on the Japanese side, strive for It has reached a reasonable exchange rate. It has greatly eased the pressure on the survival of American companies and opened a window for the recovery of the American economy.” This content was subtly integrated into the script.
At the same time, when Carter was not in the United States, the sales of ROG computers officially started!
If you don't look at the expensive model products in town stores, in the ordinary mass-produced models
The lowest-level functional machine, equipped with a Z70 chip from the 80s, a 3M floppy disk, a cp/m operating system, and a computer without a mouse.With a slightly inferior configuration than the models on the market, the price is so low that it is almost free, and a marketing advertisement of "free installation/replacement of software in the ROG store for life", coupled with the dense software in the promotional poster list
ROG popular, just like its series name, has rapidly become the most popular computer product in American families in the Northeastern industrial belt of the United States.
The price of 1399 US dollars also set a record for the lowest price of a computer as of 1984!
And the cost of this thing.
Z80 chip, purchased in bulk from second-tier OEMs for $20; 3MB floppy disk, Carter didn’t even choose Sony’s standard 3.5-inch, and ordered 5-inch old stock, but due to the large stock, the cost was close to 50 USD; cp/m
This stuff.
Carter directly charged the DRI!
As an old enemy who has been in love with Microsoft for many years, he had an unhappiness on the DOS issue, almost after parting ways.That is, it lacks the basic language support provided by Microsoft, and is facing a brand new operating system, which is engulfing the giant IBM to grab food.
DRI day, what a sad day!There was another Osborne who extended his life before, but now, Osborne Computer Company is also being watched by the 80s and other party members, and has been successfully waited to die
When DRI was almost desperate and ran out of ammunition and food, the acquisition of DRI was a relief for its boss Kiri Dell.And Carter's purpose is just to get this batch of cheap operating systems!

Z80, does not support Windows 1.0
As for the purchase price of US$150 million, if Popular can sell 150 units, the average operating system cost of each computer will be US$75; if it is [-] units, it will be US$[-]
In short, there is no minimum, only lower!

Even if it is calculated at US$150, plus US$20 chips, US$50 storage, and self-produced chassis, keyboards, motherboards, and power supplies.
Carter, who owns the prison, a modern slave factory, added all of these without calculating the labor cost, and the cost was less than 200 US dollars.Even in the cost of 200 US dollars, most of it comes from the sea freight of plastic sheets produced in China and the cost of purchasing color spray paint
Then add the cost of software foundry in India and the cost of logistics and transshipment in the United States.

The cost of each ROG popular can basically be controlled within $500.

The profit margin is as high as 179%!