Chapter 1037 The Final Effort
Thailand, the center of the storm, is not doing well, and Japan, or one of the largest commercial organizations in the world, is heading for its own end.
16 countries, 450 department stores. Who dares to say that it is not the first. From a grocery store to the current scale, it has to be said that this is a microcosm of the post-war foot basin economy.
This is a department store, not a convenience store. Alas, what a pity, it would have been a very inspirational story if it hadn't closed down.
Actually, it can be saved. However, the Japanese don't want to see them, let alone Xiangjiang people.
Regardless of the 1.4% land price tax, this policy of the foot basin directly took away 20% of the profits in the commercial field.
In fact, in a sense, you can regard the rise and fall of Yaohan as a microcosm of the Japanese economy. It may not be exactly the same. If you understand it, you will understand the relationship between the bubble economy and the Asian financial crisis.
Moving forward in time, in the mid-to-late 1980s, the concept that house prices would only rise and not fall was forcibly instilled in every Japanese. At that time, if you didn't buy a decent house, the other half of your future life would have to go to a small family to choose.
What? It doesn't matter what background you have.
Cough cough cough, this is the wife culture that you don't understand in Japan. Japan's workplace culture is too cruel and bloody, and of course it won't work if it continues like this, and it's not impossible for the company to have a shopping spree.
Then, a platform to ease the relationship is very important. And so the ladies showed up just in time. Some men are inconvenient to say, or inconvenient to express their apologies. It's up to these ladies to do it for them.
Don't underestimate this wife club. In many cases, the wife club of a big company is the barometer of the company's workplace. If your wife is very popular here, you are not far from a promotion and salary increase.
On the contrary, prepare to sit on the bench.
A girl from a small family can't cope with this kind of work. You're not from that circle, so it's not surprising to break in rashly and get a bad head.
Buying a house can appreciate in value, and you can marry a good wife. These are just the demands of ordinary people. For a rapidly growing business company, of course, there is a higher pursuit.
Buy a piece of land and build a shopping mall. You can use part of it yourself, and you can rent out part of it.
You earn money when the land appreciates, you earn money when the real estate appreciates, and you also earn money when you rent out shops. Plus your department store already makes money, my God, you will become the richest man in Japan.
Kazuo Wada was fooled into lame, there is no problem with this account, from any point of view, it is perfect.
Will house prices fall?
Are you a fool?
Anyway, before Japan's bubble burst, people who said or asked this way were basically equated with idiots.
Even if you can't afford a house, you shouldn't make such a bad excuse. Hurry up, if you don't buy a house, let's break up.
90 years ago, having a decent house was the basis for choosing a spouse. After 1999, ahem, it’s okay if you don’t have a loan, but if you have a house and a loan, you’d better go to sleep, no idiot woman will marry you.
Negative equity, this is an existence that is more terrifying than the poor. If you have no money and no job, you can still work hard. If there are still hundreds of millions of yen in loans, it is really a dead end.
"Hetian-san, the current difficulties are only temporary. We have great confidence in you, and we also have great confidence in Yaohan.
Getting rid of the burden of Japan will be recognized by the chaebol. In this way, our cooperation will no longer have any problems. "
"Really? Murai-san, Daiei did go too far this time, 35 billion yen. Anyway, let's concentrate on developing overseas business."
Kazuo Wada thought very well, compromised with the chaebol, and didn't hang out at their home court. If the overseas development is good, he can turn around and come back.
That damn land value tax is too harsh. The economy in the past two years has been bad, and half of the commercial profits will be eaten by it. Damn Darong, there are times when you cry.
Unfortunately, Wada did not know. Pay off debt as it comes due, then take out a new loan. Such back-to-back loans are fine when the economy is good.
Like a credit card, you pay on time, which improves your credit rating. As long as they are not overdue, they will continue to improve.
As for this time?
Hehe, I fooled you into selling the property cheaply, and then repaid the loan in advance. This is already a very polite thing.
You have to know that if you are more mean, you can borrow usury. There is no need to doubt the integrity of the bank, they have never had this thing before.
"Specialist, do you really need to continue to give him a loan? We have learned that, including several stores in the rabbit country, their business conditions are not the best."
"Kameta-kun, do your own thing well. It's not your turn to question the company's decision."
"I'm sorry to trouble you."
Although Kameda is aggrieved, his waist is bent very low. There is nothing he can do about it. This is how the foot basin's workplace is. There are still a lot of loans to be repaid. If you offend your boss, you will be easily marginalized.
Of course, although Murai was reprimanding his subordinates, he was also not in a very happy mood. According to the president's instructions, he lost a big client. In today's world, his position is also precarious.
Those that cannot bring profits to the company are basically defined as rice bugs. If you don't want to be humiliated, you'd better get out. However, how could he leave? The heavy pressure of life also made him live like a year.
What? Yaohan will go bankrupt!
Cough cough, a dead fellow Taoist is not a poor Taoist, it is better for him to go to hell than to go to hell by myself.
Using the trust of customers to kill customers directly is rare in Japanese business systems. Unlike the United States, Japan is a society of connections. The higher one goes, the more important connections are.
However, in order not to be implicated, he could only take one step at a time. Murai is well aware of the bank's situation. If the money cannot be returned, the bank's daily operations will have problems.
The exchange rate is actually a double-edged sword. Lowering the exchange rate can strengthen the competitiveness of domestic products. Its side effect is that the so-called hot money is rapidly leaving Japan.
Not only that, a group of prescient consortiums are also desperately compressing local business. The reason is obvious, investment is useless, if the exchange rate drops by half, the stocks you bought will be doubled for nothing.
What's more, the exchange rate drop is expected to be so obvious, who can afford to invest in stocks. Overseas investment is the best option.
So, you see, even if the building is about to fall, the group of people at the top of the pyramid will still not be affected. The unlucky ones are nothing more than those who are not up or down.
If you want to say that Kazuo Wada is not careful, that's not right. The idea of abandoning Japanese industries and concentrating on expanding overseas business is very clear.
Unfortunately, he miscalculated the bank's bottom line. After repaying the loan, he couldn't get a new loan of a dime. This is a trap, a trap that has been laid long ago.
Da Rong was able to accept this offer, which also involved a game between the bank and the consortium. It takes a fallen giant to fill the belly of a vulture.
In fact, Kazuo Wada doesn't have to worry about it. Even if the bank does not renege on its promise and become fat, his Yaohan will still fall down. His tragedy was certain when the bubble economy burst.
It is really stupid for a retail giant to become a real estate agent. There are not too many people who can play like this.