Rebirth of Prince Gong's Mansion

Chapter 277 Establishing the status in the economic field

Author: Hongmengshu

Chapter 277 Establishing the status in the economic field

Facing what happened, the expressions of the people sitting here were complicated, and no one knew what they were thinking.

Fan Zedao didn't care about this either.

President Sun said at this time: "Judging from what Professor Fan Ze has written, after the entire trend is established, Japan's economy will be hit hard. Is this what everyone sees?"

No one spoke, and no one had yet reacted to the Plaza Accord. The seemingly prosperous Japanese economy had actually been hit. Even those who didn’t know how to look at the situation knew that this time was a disaster for Japan’s economy.

, they are also experts in this field, so they can naturally understand it.

Many people have set their sights on Fan Ze and can't imagine why he can predict the economy to this extent at such a young age.

Awesome!

Everyone has to admire Fan Ze's awesomeness.

"Comrade Fan Ze, please talk about it."

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

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

Fan Ze knew that things had reached this level and he couldn't keep a low profile anymore, so he simply told some things.

Everyone is recalling the contents of Fan Ze's article, feeling that he really explained it very clearly, and they all want to hear what the next step will be.

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

A robbery!"

When Fan Ze pointed out this matter, although everyone had already made a judgment in their hearts, everyone still felt shocked.

"Japan was also involved in the signing of the Plaza Accord. It seems to be beneficial to them, right?"

"Yes, this result will boost Japan's economy, right?"

Some people asked in confusion.

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

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

Fan Ze also explained these things for a while.

Everyone has just come into contact with many things, so naturally they have a completely 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 providing international capital with a guaranteed profit insurance when investing in the Japanese stock market and real estate market. The bubble economy is getting further and further away from the real economy.

,Although Japan’s per capita GDP exceeds that of the United States, the country’s high housing prices

This makes owning your own home out of reach for ordinary Japanese citizens. The result is that the government will have to start implementing tightening monetary policies, which will burst the bubble economy, but the short-term decline in stock prices and land prices will result in a large number of bad debts for banks.

The formation of the epidemic has caused the entire economy to enter a period of recession..."

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

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

After listening to Fan Ze's explanation on the spot, they felt like they were suddenly enlightened.

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

"This is natural. From the outside, they will look very prosperous, and the economic bubble will even get bigger and bigger. When this bubble bursts, you can think about what the result will be."

"That was a few years later. No one can tell. Maybe they found a new way." Someone said this.

Fan Zedao: "Indeed, there is such a possibility, but do those Western countries allow such a situation to occur?"

Everyone was silent.

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

"From now on until ninety."

Everyone was silent again.

"In other words, the appreciation of the yen in recent years is inevitable?" someone asked.

Fan Zedao: "Yes, in the next few years, Japan's situation in all aspects will be very good. At least on the surface, they appear to be very strong and it is possible to surpass the United States. However, after a few years, the entire economic bubble will inevitably

It will burst, and the result will be reduced national income, devalued stocks, companies on the verge of bankruptcy, stagnant domestic demand, plummeting property values, and economic depression!"

As Fan Ze spoke, everyone's faces became serious.

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

Fan Zedao: "Their industrial structure will be upgraded and adjusted, from low-end to high-end. The industry will shift from general processing and manufacturing industries to high-tech, high-value-added industries, and refined management. And we just need development. Their

Those low-end industries will move to our country, and their businessmen will go to our country in large numbers to invest in the next step."

"this……"

Everyone was stunned.

Fan Zedao: "Don't be unhappy. We need them, and they also need us. Therefore, the relationship between the two countries will become better. With the current situation in our country, even low-end industries, we still need them."

Yes, it is also beneficial to our country’s economic development.”

Seeing that everyone's faces were not good-looking, Fan Ze said: "Of course, we also need to learn something from it. While developing low-end, those high-end industries also need heavy investment, 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 can quickly catch up."

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

Yi Guoping looked at the leaders and sighed: "Comrade Fan Ze is indeed an expert in our country's economy. He explained the whole thing very clearly. With your analysis, we can

There will be a direction for the next step, which will help the country's economic work decision-making."

Fan Zedao: "I just stated my analysis. Of course, the specific direction in which it will develop still requires everyone's research. I am just throwing out ideas. Everyone can talk about it and discuss it with each other."

Now everyone was laughing bitterly. Fan Ze's analysis was really spot on. There were many things that they didn't understand. Let them talk about it. What should we talk about!

(End of chapter)