Rebirth of Prince Gong's Mansion

Chapter 277 establishes the status of the economic sphere
Faced with what happened, the expressions of the people sitting here are complicated, and no one knows what they are thinking.

Fan Ze didn't care about it.

President Sun said at this time: "Judging from what Professor Fan Ze wrote, after the overall trend is established, Japan's economy will be hit hard. What do you think about this?"

No one spoke, and everyone hadn’t reacted to the Plaza Accord. The Japanese economy, which seemed to have a bright future, was actually hit. Even if you don’t know the situation, you know that this time is a disaster for the Japanese economy. , they are also experts in this field, so they can understand it naturally.

Quite a few people cast their eyes on Fan Ze, and couldn't figure out how he was able to predict this level of economics at such a young age.

Amazing!
Everyone has to admire Fan Ze's power.

"Comrade Fan Ze, please talk about it."

When Principal Sun saw that everyone was silent, he had no choice but to stop.

"I won't talk about the specific content. You can read the articles I wrote. They are all written in it. What I want to talk about is the impact of this incident."

Fan Ze knew that the matter had developed to such an extent that he couldn't keep a low profile, so he just told some things.

Everyone was thinking about the content in Fan Ze's article, feeling that it was really explained very clearly, and they all wanted to hear how it would develop next.

"Their economic development is very rapid, and the next sharp appreciation of the yen is inevitable. Of course, everyone is an expert in this field. You should know that the result of this agreement is the depreciation of the dollar, and the appreciation of the yen is equivalent to A robbery!"

When Fan Ze pointed out this matter, although he had already made a judgment in his heart, everyone still felt the shock in their hearts.

"The Japanese side also participated in the signing of the Plaza Accord. It seems to be beneficial to them, right?"

"Yeah, the result of this is to boost Japan's economy, right?"

Some people asked puzzledly.

Looking at them, Fan Ze knew that they still didn't quite understand some of them.

"The biggest impact of exchange rate changes is not the output or import of products, but the flow of capital and the corresponding wealth effect..."

Fan Ze explained these things for a while.

You have just come into contact with many things, and naturally have a brand new understanding of Fan Ze's economic knowledge.

Fan Ze continued: "To put it more simply, after the signing of the agreement, the continuous appreciation of the yen is tantamount to giving international capital investment in Japan's stock market and housing market a steady profit. The bubble economy is getting farther and farther away from the real economy. , although Japan's per capita GDP exceeds that of the United States, the high domestic housing prices make owning one's own home unattainable for ordinary Japanese citizens. As a result, the government will have to start implementing a tight monetary policy, which will burst the bubble economy, but The short-term decline in stock prices and land prices has resulted in the formation of a large number of bad debts in banks, and the entire economy has entered a recession..."

Fan Ze analyzed bit by bit, and everyone listened carefully, frowning from time to time.

What Fan Ze said was a bit ahead of the domestic economists at that time, and they were not very clear about many things.

After hearing Fan Ze's little explanation on the spot, they had a sudden feeling.

"In this way, Japan's economic performance will be very impressive in a short period of time?" Yi Guoping asked.

"It's natural. From the outside, they will look very good, and even the economic bubble will become bigger and bigger. When the bubble bursts, you can think about what kind of result it will be."

"That was a few years later, no one can tell for sure, maybe they have found a new way." Someone said this.

Fan Ze said: "Indeed, there is such a possibility, but will those western countries allow this to happen?"

Everyone was silent.

Principal Sun said: "How many years do you expect this kind of scenery to last?"

"From now until 1990."

Everyone was silent again.

"That is to say, the appreciation of the yen in recent years is inevitable?" someone asked.

Fan Ze said: "Yes, in the next few years, Japan's situation in all aspects will be very good, at least on the surface, they are very strong, and it is possible to surpass the United States, but after a few years, the entire economic bubble will definitely It will be broken, and the result will be lower national income, stock depreciation, companies on the verge of bankruptcy, sluggish domestic demand, plummeting property values, and economic depression!"

Following Fan Ze's words, everyone's expressions became serious.

Yi Guoping said: "Besides these, what kind of changes will occur?"

Fan Ze said: "Their industrial structure will be upgraded and adjusted, from low-end to high-end, and the industry will shift from general processing and manufacturing industries to high-tech, high value-added industries, and refined management. We just need to develop. Their Those low-end industries will move to our country, and their businessmen will invest in our country in large numbers in the next step."

"This……"

Everyone was stunned.

Fan Ze said: "Everyone, don't be unhappy. We need them, and they need us. Therefore, the relationship between the two countries will become better. With the current situation in our country, even if it is a low-end industry, we still need Yes, it is also beneficial to the economic development of our country.”

Seeing that everyone's faces were not looking good, Fan Ze said: "Of course, we also need to learn something from it. While developing at the low end, those high-end industries also need to invest heavily, so that we can catch up with and Surpassing them is actually an opportunity for our country, an opportunity to surpass them, as long as we seize this opportunity, we will be able to catch up quickly."

After hearing Fan Ze's words, everyone's expressions became much better.

Yi Guoping looked at several leaders, sighed and said: "Comrade Fan Ze is worthy of being an expert in my country's economy. He explained the whole thing very clearly. With the content of your analysis, we There is a direction for the next step, which will help the decision-making of the country's economic work."

Fan Ze said: "I just gave my analysis out. Of course, what direction it will develop in the specific direction still needs everyone's research. I can be regarded as a good example. Everyone can talk about it and discuss with each other."

Now everyone laughed wryly, Fan Ze's analysis was really in place, many things they didn't understand, let them talk about it, what are they talking about!

(End of this chapter)