Reborn Tokyo Golden Age.

Chapter 428
When I was young, I saw that Miguo's father was unhappy from top to bottom, and felt a little apprehensive.

Although there are constant trade frictions between each other, Xiaotian never thought of leaving the United States and living independently.

After all, if you look at the Mi Jun everywhere in Neon, you will know how to choose.

It can be said that the two countries were not in the same position from the very beginning, and Neon has always existed as a vassal.

Now the fathers of the United States are beginning to hate Neon, so the Neon government sent a escort, Shintaro, to the United States to find out the news.

The escort, Shintaro, was the old man of the former Prime Minister who was taken away by two guns and two guns by an outlaw man.

At this time, the escort Shintaro served as the foreign minister of Nihong, and it was also his responsibility to take care of diplomatic matters.

But after arriving in the United States this time, what the escort Shintaro saw and heard was far beyond his expectations.

On the streets of Washington, he saw a sign hanging in front of a store.

"No Japs Allowed!"

Japs is a discriminatory name for the Japanese in the United States. At first glance, it seems to be an abbreviation of Japanese, but it is not.

The real meaning of Japs is Japan (Japan) + Apes (ape)!Together they are Japanese monkeys!

So the billboard said, "No monkeys allowed in Japan!"

Seeing this notice board, Sanbu Shintaro was so angry that he almost wanted to go up and argue with the store owner. This is a very insulting word.

However, this is not where he broke his defenses. Those old members of Congress even quietly called him "japs" in private.

But the more so, the less daring the third escort Shintaro would make.

After laughing and bowing a lot of flattery, Baker, the new Secretary of the Treasury of the United States, finally revealed to him the bottom line of the United States.

That is, "the yen rises and the dollar falls!"

Well, now the meaning of Miguo's father is very clear.

The escort Shintaro who got the news immediately returned to Nihong and conveyed the wishes of the US government.

So for the meaning of the United States, do you agree with Neon here?
This issue is also somewhat complicated. The cabinet headed by Nakasone is currently carrying out economic privatization reforms and implementing a "small government" plan.

Last year, the reform of the communications industry from a government monopoly to private liberalization was the work of the Nakasone cabinet.

Therefore, Japan Unicom, a subsidiary of Shirakawa Holdings, was able to successfully obtain the license this year, thanks to this policy.

At the same time, Nakasone hoped to transform the economic wealth acquired by Neon into the more ambitious goal of international prestige.

That's why the famous slogan was put forward, "A strong Japan must be supported by a strong yen!"

It can be seen that in terms of official attitude, the neon government does not actually reject the appreciation of the yen.

And they also realize that the current trade situation is indeed somewhat abnormal. If the United States blindly runs a trade deficit and exists as a vassal of neon, the final result will definitely not be very good.

Therefore, in order to continue the business, most of Neon's internal staff also tend to make a little concession to the United States.

To say that the only objection may be some people in the Ministry of Finance. As the central agency in charge of Nion Finance, some of them certainly understand what the appreciation of the yen means.

This means that the export competitiveness of neon products will decline in the future, and a series of uncontrollable factors will gradually emerge.

But at the critical moment, Keidanren voted in favor.

The full name of Keidanren is the Federation of Economic Organizations of Japan.

Its members are all chaebols, from Mitsui, Mitsubishi, Sumitomo, Fuji, to Shirakawa Holdings, and they have taken over all the large-scale chaebols in the whole Neon.

So this is a super-large joint chamber of commerce mainly composed of chaebol members, and its chairman is called the chief financial officer.

It is conceivable how powerful and powerful such a Keidanren is, and it is not an exaggeration to say that it accounts for more than 60% of the total output value of the entire Neon.

Before the official vote in the Congress, there was also a vote within the Keidanren. At that time, Bai Chuanfeng voted in favor.

Nonsense, as long as possible, Bai Chuanfeng hopes to blow the bubble bigger.

Anyway, if you die as a fellow Taoist, you will not die as a poor Taoist.

Not to mention that most people in the Keidanlian think the same way, especially the few large valves headed by them.

Their business not only has export, but also has a lot of import demand.

For example, for Mitsui and Mitsubishi, which are related to energy, the appreciation of the yen means that it is much cheaper for them to import oil.

Cheaper oil prices mean higher profits.

At the same time, as chaebols with banks at their core, they also hope to participate more comprehensively in the international financial market.

Everything is for profit, so the Yen appreciates with the approval of the Tuanlian.

After synthesizing internal opinions, the Nakasone cabinet began to express positive wishes to the United States.

So in the following June, July, and August, Prime Minister Noboru Takeshita began to visit the United States one after another, frequently discussing the US dollar exchange rate issue with US Treasury Secretary Baker and others.

During this period, not only Neon attended the meeting, but the finance ministers of Britain, Germany, and France also gathered to discuss related issues.

After all, the trade deficit in the United States is not only relative to neon, but also in Europe.

Of course, in the past three months, Neon Homeland has not been idle.

After all, the appreciation of the yen is a big event, and as a representative of wretched development, Neon is not fighting unprepared battles.

MITI has been doing one thing during this time, which is to investigate the impact of the appreciation of the yen on neon export products.

This work is coordinated by Keidanren. After all, most industries are concentrated under their group.

The current exchange rate of the US dollar to the Japanese yen is about 1:250, after two or three months of investigation.

Starting from several industries such as textiles, steel, shipbuilding, electronics, and automobiles, it is finally concluded that the maximum tolerance of these industries to the appreciation of the yen is between 1:155 and 1:180.

This also means that if the yen appreciates by about 34%, neon companies can still survive.

If it goes any lower, it's a matter of life and death.

So in the end, after comprehensive consideration, everyone agreed that the yen only needs to appreciate by 10% to 20%.

That is, if the ratio of the US dollar to the Japanese yen rises to 1:200, the export of neon manufacturing industry will still be quite competitive.

Several trade wars in the past have told them that as long as Neon takes a small step back, it will make great strides forward again after a short recession.

This is also one of the reasons why Neon's overall ups and downs tend to appreciate the yen.

Because they are not afraid of these trade frictions at all, and it is not unheard of for the yen to appreciate.

In 1971, the yen appreciated by 20% at one time.After a brief adjustment, the neon economy continued to make great strides forward.

So the advantage is with me, don't panic!
This is a strategic retreat, not that I am afraid of Papa Miguo.

And also in June, a big event happened in the semiconductor industry.

On June 6th, Micron Technology submitted a petition to the US government on behalf of 24K DRAM companies in the US.

It claims that according to Regulation 1974 of the U.S. Trade Act of 731, the 64K DRAM imported from Neon is or may be sold in the United States at a price below the fair value, which has caused substantial damage to the U.S. industry.

Immediately thereafter, companies such as Intel also filed dumping complaints against the erasable read-only memory produced by Neon.

The reason why colleagues in the United States suddenly attacked was because 1985 was also the year of the Great Depression in the semiconductor industry.

According to the cyclical decline of semiconductors, the global semiconductor market was shrinking in 1985.

1980年一片64K DRAM存储芯片需要100美元，一年后就降到了50美元，到了1982年只需要5美元了。

And this is not the end. In 1984, its price became 3 US dollars, and by the middle of this year, the price of a piece of 64K DRAM has become 0.75 US dollars.

During the same period, 256K DRAM dropped from $31 to $3.

At this time, the Neon 256K chip is priced at $2.6 in the United States and $1.7 in Neon.

The price of Neon's chip is cheap, but the key point is that its quality is even better than that of American counterparts.

Not only that, the neon manufacturer ignored the Great Depression in the global semiconductor market, and in turn he was expanding production capacity.

The counter-cyclical expansion of production capacity directly dealt a fatal blow to the US counterparts, and a large number of semiconductor companies lost money and went bankrupt.

This also laid the groundwork for Intel's announcement to abandon the DRAM chip business a few months later, but this is a later story.

In short, the first half of 85 was extremely lively. The Miri government was busy discussing the depreciation of the dollar and the appreciation of the yen.

Over there, the semiconductor companies in the United States and Neon's semiconductor companies are about to hit their brains again.

The appearance of all living beings is truly bizarre, and the clouds and waves are treacherous.

The time has entered the second half of the year, because of the class action lawsuits of American companies.

The U.S. government singled out the semiconductor item in the MOSS agreement previously negotiated with Neon.

On August 8, the International Trade Commission (ITC) ruled that the 8K DRAM imported from Neon may cause substantial damage to the United States.

On August 8, the United States asked NEC, Hitachi, Japan Electric Industries (OKI) and Mitsubishi Electric to respond within 19 days.

However, in response to the delayed request of Neon Enterprise and the Ministry of International Trade and Industry of Neon, the United States extended the response time.

At the same time, the time is getting closer and closer to September.

"Brother Watanabe-san and Liugu, please sit down."

In the Baichuan Building, Baichuan Feng pulled the representatives of the first bank and Nomura Securities to open a closed-door meeting.

They are all old acquaintances. When Baichuan Electric went public, they were manipulators.

"Bai Chuan-san, is there something important this time?"

As soon as he sat down, Watanabe Ichiro looked at the cleared conference room and immediately asked curiously.

Looking at this posture, you know that the topic of today's discussion is very interesting.

Liu Guxiao from Nomura Securities was also a little curious, saying that Junior Brother Bai Chuan has been stealing the limelight recently.

No, it should be said that Baichuan Electric stole the limelight.

Ever since Baichuan Electric made a blockbuster presentation of four or five black technologies at the World Expo half a year ago.

The name of Shirakawa Electric is not only resounding in the neon lights, but also frequently appears in newspapers around the world.

Whether it is an ultra-thin and large-screen LCD TV, or a robot that can communicate with people, it has become the darling of the world's media.

It can be said that as the explosive traffic of the World Expo gradually spread, Baichuan Electric has been a well-known brand of neon, and has gradually been upgraded to a world-renowned brand.

This improvement itself does not bring any economic benefits, but the invisible wealth it brings will benefit Shirakawa Electric in the next few decades.

How many companies dream of improving their brand image worldwide.

This World Expo has become the best stage for Baichuan Electric to promote itself, and this large-scale advertisement lasts for half a year, and there is no charge.

The effect of this wonderful advertisement is also immediate, and the market value of Shirakawa Electric has climbed to No.5, closely following Sony.

With such a happy event, it is normal for Liu Guxiao to envy him, after all, most of Baichuan Electric belongs to him personally.

For Watanabe Ichiro and Yanagiya Takashi's inquiries, Bai Chuanfeng chose to get straight to the point.

"Have you two heard about the appreciation of the yen?"

Um?Ichiro Watanabe and Takashi Yanagiya sat up straight in an instant, and they were also busy with this matter recently.

(End of this chapter)