The neck is slender, the jaw is beautiful, and the white and tender skin is slightly revealed; the faint perfume is the fragrance of the best; the thick and cloud-like long hair is smoothed out and is smoothed out by the bun, draped on the shoulders, and the slender eyebrows are slightly bent; the white teeth are brightly presented in the bright red lips; the bright and moving eyes, tender green onion-like jade fingers, white work uniforms, and plump breasts make the whole person look like a perfect woman
Li Yun was shocked by this woman. She was top-notch in both appearance and temperament, and she was not bad at all than Yue'er. She was just good at Chunlan and Qiuju. Yue'er was like a little fairy who was fascinated and was not worthy of life. She was an elf fairy.
And she is indeed a beauty comparable to a goddess of wisdom. She has a strong atmosphere of books on her body. She can tell at a glance that she has read poetry and books, but she doesn't know why she is so passionate about the economy.
Expanding her spiritual sense, Li Yunwei closed her eyes and carefully observed the beauty. She saw that she was writing an analysis and forecast report about the current trend of the Japanese financial market. She had already written thousands of words. After reading it carefully, Li Yun realized that this woman is not only good at image and temperament, but also has something in her mind. Fortunately, he studied international finance in his previous life. Only by remembering some financial terms and calculation formulas can he understand what the beauty wrote.
I saw that the current situation of Japan's economy was analyzed from the macro and micro aspects. The general content was as follows: First, the background was analyzed. After World War II, the Japanese economy created a miracle. The economy developed rapidly from the ruins. The economic appreciation rate ranked first among developed countries and became a superpower second only to the United States.
By the end of the 1980s, Japanese automobiles had dominated the world. Japan's industries were blooming in Western Europe and Latin America. Almost all countries were forced to fall under Japan's strong economic strength.
In September 1985, the finance ministers of five Western countries signed a famous square agreement in the United States and decided to increase the exchange rate of other currencies against the US dollar.
Due to the most intense trade frictions between Japan and the United States, the Japanese yen was the first to be hit, and the exchange rate of the Japanese yen against the US dollar rose from 237 yen in 1984 to 138 yen in 1989.
The appreciation of the yen has greatly impacted Japan's export-led economy. In order to stimulate the recovery of the economy and realize the transformation from export-led to domestic demand-led economic structure, the Japanese government has implemented a policy of financial easing and liberalization.
From January 1986 to February 1987, the Japanese government lowered the discount rate five times in a row, reducing it to a level below the discount rate of 25% in Western countries during the same period.
Although this has quickly escaped many companies affected by the appreciation of the yen, it has also planted bad results.
Since Japan adopted a financial easing policy, the cost of capital use of enterprises has dropped rapidly, and the general rate of return of enterprises has jumped from -172% in 1986 to 335% in the first half of 1987 and 509% in the second half of the year.
The increase in corporate yields has also greatly improved the appraisal value of corporate stocks, further affecting investors' psychological expectations.
Japan's domestic savings have been high, coupled with the expansion of money supply caused by the easing of financial resources and the sudden expansion of foreign exchange surplus, a huge surplus of capital has been generated.
In addition to some looking for overseas investment markets, most of them are pouring into capital markets with relatively high investment returns in the country.
Between 1985 and 1990, the total investment of Japanese companies was 406 trillion yen, but only 148 trillion yen (that is, 36% of the total) was used to invest in corporate means of production, and 64% of the funds, 258 trillion yen, flowed to the securities market and real estate.
Excessive capital inflows drive sharp rises in stock prices and real estate prices
The stock market speculation originated from a specific money trust system formulated in 1984. It allows large Japanese companies to entrust huge amounts to trust banks and securities companies to engage in financial transactions.
Therefore, in addition to the crazy speculation of institutional investors, the speculation of corporate capital has also become a major driving force for stock market expansion, and finally led to the stock market being out of control...
Then, Japan's economic policies and economic laws in the past decade were analyzed. Since the Heisei prosperity in Japan in 1986, the Nikkei index has continued to rise from 12,000 points in 1985, 2010.
During the world stock market crisis in 1987, the Nikkei index fell slightly, but it quickly became the first to resurrect. The stock price began to rise all the way, and drove the global stock market to rebound.
In 1980, the proportion of individual shares was 884%, and in 1988 it rose to 145%; at the end of 1987, the number of individual shareholders in the Japanese stock market reached 20 million, equivalent to 1/5 of the total population of Japan.
By the end of 1989, Japan's stock assets were 13 times the GDP. Such a sharp expansion of asset prices means the existence of an economic bubble.
Japan's real estate bubble has reached its peak. Due to good psychological expectations and increasing speculation, the phenomenon of speculation on land is very serious. Land prices have risen rapidly. The surge in land prices has caused investors to continue to revaluate corporate assets. Large enterprises with large tracts of land have doubled their value, and their stock prices have soared, becoming the leader of the continuous rise of the stock market.
By the end of 1988, Japan's land assets were 14 times the GDP; in 1989, when the bubble was the worst, the total real estate prices in Japan's Greater Tokyo exceeded the total real estate prices in the United States.
In May 1989, due to the pressure of economic overheating, the Japanese government began to implement financial austerity policies urgently to increase the discount rate. By 1990, it had increased from 25% in 1989 to 60%.
The sharp increase in discount rate directly affected the market rate of return of capital, and the stock price began to fall
In April 1990, the province of Tajikistan imposed strict restrictions on the real estate industry. On the one hand, it strictly controlled financing, and on the other hand, it increased the land price tax, which made the land price neglected.
The decline in land prices has reduced the actual asset value of the company and has also prompted the stock price to fall.
At the same time, due to the continuous rise in capital costs, the ability of enterprises to increase revenue will be greatly restricted. The bleak prospect of corporate income casts a shadow on investors' psychology, and expectations begin to deteriorate.
Speculators take the opportunity to sell stocks, further causing panic
December 29, 1989 was the last trading day of the year, and the Nikkei index closed higher by 38,915 points.
After the market opened in 1990, the stock market began to plummet. On April 2, 1990, the Nikkei index fell to 28,002 points, which took 4 months and fell by 23%...
Then the following quotes are based on the classics and it is written that it is suspected that an international consortium has entered the Japanese financial market to speculate, pointing out that the Japanese stock market will continue to be sluggish and the Nikkei index will continue to fall...
Support companies to enter the Japanese financial market and short the Nikkei index
Seeing this, Li Yun was so impressed. This woman was so talented. If Soros and other international financial tycoons wrote this report, Li Yun would not feel anything. However, a girl who looked only in her twenties would write this report through limited information. Moreover, this time was different from later generations who could investigate information through the Internet. The limited information was summarized and summarized through newspapers, magazines and authoritative works.
Despite this, Li Yun, who has experience in his previous life, still knows that although her analysis cannot be said to be completely accurate, this report definitely accurately predicts the next situation of a sharp decline in the Japanese financial market. It seems that not all beauties are vases.
He now made up his mind that such a woman with both talent and beauty would have to get it anyway. If this woman helps him to venture into the international financial market, he would have saved himself a lot of worries.
So Li Yun opened his eyes and stared at the beauty with a bright look, as if he could swallow the other person in one bite.
Maybe it was because he felt Li Yun's gaze, or maybe he was burying his head for too long and wanted to move his body. The girl raised her head and stretched her waist gently
She herself didn't notice how seductive the posture of her stretching was now. Her angel-like face, her lotus root-like jade arms, as she leaned back, and the firm snow hills on her chest were even more prominent. She was really about to emerge.
The beauty immediately saw Li Yun on the opposite side showing her ugly appearance, her eyes wide open, staring at her plump breasts, and her saliva was about to flow out, so her pretty face suddenly turned bright red
Why is this man like this? He looks pretty handsome. He probably has some money in his clothes. He is a brand suit, but why do he stare at him like other men? He looked at him before and thought he was a scholar, but he turned out to be a pervert.
Inadvertently, Li Yun’s image in the beautiful girl was discounted
With contempt for Li Yun, she buried her head, and the beauty quickly entered the state again. She gave the final pen to the report in her hand and ignored the pervert on the opposite side. After all, she has seen such people many times. She grew up in the envious eyes of others since she was a child. Of course, she will not be uneasy in the eyes of others. She just blushed just now because she was just her chest-up move. She was completely unconsciously produced by the girl's shyness.
Time was just in the beauty repair report and Li Yun's infatuated eyes, and it slowly flowed to noon. There were fewer and fewer people in the library. It was lunch time, and most people went to have dinner. Only a few bookworms were still reading some story books or Western body art.
Finally, the beauty in uniform stopped writing and said to herself: I’ve finally finished writing. Just copy it again in the afternoon. Have a good day tomorrow!
Then he raised his head and found that the man opposite was still looking at him foolishly. He couldn't help but feel a strange feeling in his heart. After this year, it will be 22, and it's time to find a boyfriend.
My dad is urging me so hard now, but I can’t just find one if I don’t like a man I like!
That man looks pretty handsome, but like other men, he just like him, he just like him. When will he meet his own prince charming?
Thinking of this, the beauty couldn't help but turn red again
When Li Yun saw the other party looking up at him, he did not show any disgust, but he had no appreciation and admiration. This proved that he did not leave any impression on the other party's heart. How could this work?
Li Yun knew that if you want to catch up with a woman, the first feeling is the most important thing. Either make her grateful to you or make her hate you. No matter what method you can use, you will have the chance to win the other person's heart. If the other person has no feelings for you, the future path will be difficult.
However, he then found that the beauty had a little dementia in her eyes. She knew that the other party was thinking about something and blushed. However, her hands did not stop and she was still unconsciously packing her notes. Li Yun knew that she was leaving. If she was late, it would be too late.
So, Li Yun stopped waiting and began to use his trump card, showed an evil smile, stood up very gentlemanly, staring at the other party: This beautiful lady, I am honored to meet you, can I invite you to have lunch?
Li Yun spoke in Mandarin in a deep and emotional voice, which the beauty said just now, through the poor Cantonese and fluent Mandarin. Li Yun knew that she should have come from the mainland of the motherland.
Li Yun was shocked by this woman. She was top-notch in both appearance and temperament, and she was not bad at all than Yue'er. She was just good at Chunlan and Qiuju. Yue'er was like a little fairy who was fascinated and was not worthy of life. She was an elf fairy.
And she is indeed a beauty comparable to a goddess of wisdom. She has a strong atmosphere of books on her body. She can tell at a glance that she has read poetry and books, but she doesn't know why she is so passionate about the economy.
Expanding her spiritual sense, Li Yunwei closed her eyes and carefully observed the beauty. She saw that she was writing an analysis and forecast report about the current trend of the Japanese financial market. She had already written thousands of words. After reading it carefully, Li Yun realized that this woman is not only good at image and temperament, but also has something in her mind. Fortunately, he studied international finance in his previous life. Only by remembering some financial terms and calculation formulas can he understand what the beauty wrote.
I saw that the current situation of Japan's economy was analyzed from the macro and micro aspects. The general content was as follows: First, the background was analyzed. After World War II, the Japanese economy created a miracle. The economy developed rapidly from the ruins. The economic appreciation rate ranked first among developed countries and became a superpower second only to the United States.
By the end of the 1980s, Japanese automobiles had dominated the world. Japan's industries were blooming in Western Europe and Latin America. Almost all countries were forced to fall under Japan's strong economic strength.
In September 1985, the finance ministers of five Western countries signed a famous square agreement in the United States and decided to increase the exchange rate of other currencies against the US dollar.
Due to the most intense trade frictions between Japan and the United States, the Japanese yen was the first to be hit, and the exchange rate of the Japanese yen against the US dollar rose from 237 yen in 1984 to 138 yen in 1989.
The appreciation of the yen has greatly impacted Japan's export-led economy. In order to stimulate the recovery of the economy and realize the transformation from export-led to domestic demand-led economic structure, the Japanese government has implemented a policy of financial easing and liberalization.
From January 1986 to February 1987, the Japanese government lowered the discount rate five times in a row, reducing it to a level below the discount rate of 25% in Western countries during the same period.
Although this has quickly escaped many companies affected by the appreciation of the yen, it has also planted bad results.
Since Japan adopted a financial easing policy, the cost of capital use of enterprises has dropped rapidly, and the general rate of return of enterprises has jumped from -172% in 1986 to 335% in the first half of 1987 and 509% in the second half of the year.
The increase in corporate yields has also greatly improved the appraisal value of corporate stocks, further affecting investors' psychological expectations.
Japan's domestic savings have been high, coupled with the expansion of money supply caused by the easing of financial resources and the sudden expansion of foreign exchange surplus, a huge surplus of capital has been generated.
In addition to some looking for overseas investment markets, most of them are pouring into capital markets with relatively high investment returns in the country.
Between 1985 and 1990, the total investment of Japanese companies was 406 trillion yen, but only 148 trillion yen (that is, 36% of the total) was used to invest in corporate means of production, and 64% of the funds, 258 trillion yen, flowed to the securities market and real estate.
Excessive capital inflows drive sharp rises in stock prices and real estate prices
The stock market speculation originated from a specific money trust system formulated in 1984. It allows large Japanese companies to entrust huge amounts to trust banks and securities companies to engage in financial transactions.
Therefore, in addition to the crazy speculation of institutional investors, the speculation of corporate capital has also become a major driving force for stock market expansion, and finally led to the stock market being out of control...
Then, Japan's economic policies and economic laws in the past decade were analyzed. Since the Heisei prosperity in Japan in 1986, the Nikkei index has continued to rise from 12,000 points in 1985, 2010.
During the world stock market crisis in 1987, the Nikkei index fell slightly, but it quickly became the first to resurrect. The stock price began to rise all the way, and drove the global stock market to rebound.
In 1980, the proportion of individual shares was 884%, and in 1988 it rose to 145%; at the end of 1987, the number of individual shareholders in the Japanese stock market reached 20 million, equivalent to 1/5 of the total population of Japan.
By the end of 1989, Japan's stock assets were 13 times the GDP. Such a sharp expansion of asset prices means the existence of an economic bubble.
Japan's real estate bubble has reached its peak. Due to good psychological expectations and increasing speculation, the phenomenon of speculation on land is very serious. Land prices have risen rapidly. The surge in land prices has caused investors to continue to revaluate corporate assets. Large enterprises with large tracts of land have doubled their value, and their stock prices have soared, becoming the leader of the continuous rise of the stock market.
By the end of 1988, Japan's land assets were 14 times the GDP; in 1989, when the bubble was the worst, the total real estate prices in Japan's Greater Tokyo exceeded the total real estate prices in the United States.
In May 1989, due to the pressure of economic overheating, the Japanese government began to implement financial austerity policies urgently to increase the discount rate. By 1990, it had increased from 25% in 1989 to 60%.
The sharp increase in discount rate directly affected the market rate of return of capital, and the stock price began to fall
In April 1990, the province of Tajikistan imposed strict restrictions on the real estate industry. On the one hand, it strictly controlled financing, and on the other hand, it increased the land price tax, which made the land price neglected.
The decline in land prices has reduced the actual asset value of the company and has also prompted the stock price to fall.
At the same time, due to the continuous rise in capital costs, the ability of enterprises to increase revenue will be greatly restricted. The bleak prospect of corporate income casts a shadow on investors' psychology, and expectations begin to deteriorate.
Speculators take the opportunity to sell stocks, further causing panic
December 29, 1989 was the last trading day of the year, and the Nikkei index closed higher by 38,915 points.
After the market opened in 1990, the stock market began to plummet. On April 2, 1990, the Nikkei index fell to 28,002 points, which took 4 months and fell by 23%...
Then the following quotes are based on the classics and it is written that it is suspected that an international consortium has entered the Japanese financial market to speculate, pointing out that the Japanese stock market will continue to be sluggish and the Nikkei index will continue to fall...
Support companies to enter the Japanese financial market and short the Nikkei index
Seeing this, Li Yun was so impressed. This woman was so talented. If Soros and other international financial tycoons wrote this report, Li Yun would not feel anything. However, a girl who looked only in her twenties would write this report through limited information. Moreover, this time was different from later generations who could investigate information through the Internet. The limited information was summarized and summarized through newspapers, magazines and authoritative works.
Despite this, Li Yun, who has experience in his previous life, still knows that although her analysis cannot be said to be completely accurate, this report definitely accurately predicts the next situation of a sharp decline in the Japanese financial market. It seems that not all beauties are vases.
He now made up his mind that such a woman with both talent and beauty would have to get it anyway. If this woman helps him to venture into the international financial market, he would have saved himself a lot of worries.
So Li Yun opened his eyes and stared at the beauty with a bright look, as if he could swallow the other person in one bite.
Maybe it was because he felt Li Yun's gaze, or maybe he was burying his head for too long and wanted to move his body. The girl raised her head and stretched her waist gently
She herself didn't notice how seductive the posture of her stretching was now. Her angel-like face, her lotus root-like jade arms, as she leaned back, and the firm snow hills on her chest were even more prominent. She was really about to emerge.
The beauty immediately saw Li Yun on the opposite side showing her ugly appearance, her eyes wide open, staring at her plump breasts, and her saliva was about to flow out, so her pretty face suddenly turned bright red
Why is this man like this? He looks pretty handsome. He probably has some money in his clothes. He is a brand suit, but why do he stare at him like other men? He looked at him before and thought he was a scholar, but he turned out to be a pervert.
Inadvertently, Li Yun’s image in the beautiful girl was discounted
With contempt for Li Yun, she buried her head, and the beauty quickly entered the state again. She gave the final pen to the report in her hand and ignored the pervert on the opposite side. After all, she has seen such people many times. She grew up in the envious eyes of others since she was a child. Of course, she will not be uneasy in the eyes of others. She just blushed just now because she was just her chest-up move. She was completely unconsciously produced by the girl's shyness.
Time was just in the beauty repair report and Li Yun's infatuated eyes, and it slowly flowed to noon. There were fewer and fewer people in the library. It was lunch time, and most people went to have dinner. Only a few bookworms were still reading some story books or Western body art.
Finally, the beauty in uniform stopped writing and said to herself: I’ve finally finished writing. Just copy it again in the afternoon. Have a good day tomorrow!
Then he raised his head and found that the man opposite was still looking at him foolishly. He couldn't help but feel a strange feeling in his heart. After this year, it will be 22, and it's time to find a boyfriend.
My dad is urging me so hard now, but I can’t just find one if I don’t like a man I like!
That man looks pretty handsome, but like other men, he just like him, he just like him. When will he meet his own prince charming?
Thinking of this, the beauty couldn't help but turn red again
When Li Yun saw the other party looking up at him, he did not show any disgust, but he had no appreciation and admiration. This proved that he did not leave any impression on the other party's heart. How could this work?
Li Yun knew that if you want to catch up with a woman, the first feeling is the most important thing. Either make her grateful to you or make her hate you. No matter what method you can use, you will have the chance to win the other person's heart. If the other person has no feelings for you, the future path will be difficult.
However, he then found that the beauty had a little dementia in her eyes. She knew that the other party was thinking about something and blushed. However, her hands did not stop and she was still unconsciously packing her notes. Li Yun knew that she was leaving. If she was late, it would be too late.
So, Li Yun stopped waiting and began to use his trump card, showed an evil smile, stood up very gentlemanly, staring at the other party: This beautiful lady, I am honored to meet you, can I invite you to have lunch?
Li Yun spoke in Mandarin in a deep and emotional voice, which the beauty said just now, through the poor Cantonese and fluent Mandarin. Li Yun knew that she should have come from the mainland of the motherland.
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