Peerless Evil Monarch

The neck was long and slender, the jaw beautiful, the skin white and tender; the faint perfume, the scent of a virgin; the long, thick hair that had been brushed in a bun over her shoulders, the long, thin eyebrows slightly bent; the white teeth in the bright red lips; the bright, moving eyes, the delicate fingers, the white work uniform, the full chest; it gave her the appearance of a perfect woman.

Ceng Yanyun was completely shocked by this woman. Whether it was appearance or temperament, they were all top quality goods and were not any worse than Yue Er's. She was indeed a beauty comparable to the Goddess of Wisdom, with a thick aura of books on her body. One look at her was enough to tell that she had read a lot of poetry, but she did not know why she was so interested in economics.

As he unfurled his spiritual sense, Ceng Yanyun closed his eyes slightly and observed the beauty in detail. He "observed" that she was writing an analysis and prediction report on the current situation of the financial markets in Japan, and had already written a few thousand words, but when he read carefully, Ceng Yanyun realized that this woman not only had an excellent demeanor, but also had some things in his mind. Luckily he had studied international finance in his previous life, so he could still remember some financial terms and formulas.

From the macroscopic and microcosmic aspects above, this paper analyzes the current situation of Japanese economy, which is summarized as follows: Firstly, the background is analyzed. After World War II, the Japanese economy created a miracle, the economy developed rapidly from the ruins, and the economic growth rate was the highest among the developed countries, becoming a superpower second only to that of the United States. By the end of the 1980s, Japanese automobiles had dominated the world, Japanese industries had blossomed in Western Europe and Latin America, and almost all countries had been forced to submit to Japan's economic might.

In September 1985, five Western finance ministers signed the famous "Plaza Agreement" in the United States, deciding to increase the exchange rate of other currencies against the United States dollar. The yen was the first to bear the brunt of the most intense trade friction with the United States, rising from Y 237 in 1984 to Y 138 in 1989.

In order to stimulate the recovery of Japan's export-led economy and realize the transformation from export-led to domestic-demand dominated economy structure, the Government of Japan has adopted the policy of financial easing and liberalization. From January 1986 to February 1987, the Japanese authorities lowered the discount rate five times in a row, making it lower than the level of 2.5 for western countries during the same period. This has lifted many companies affected by the yen's rise quickly out of their predicament, but it has also had its own pernicious consequences.

Since the adoption of financial easing policy in Japan, the cost of capital use has been rapidly reduced, and the general rate of return has jumped from -17.2 in 1986 to 33.5 in the first half of 1987 and 50.9 in the second half of 1987. The increase of the rate of return of the enterprise also greatly increases the value of the evaluation of the stock of the enterprise, and further affects the psychological expectations of the investors.

Japanese domestic savings have been high, and the expansion of the money supply and the sudden expansion of the foreign exchange surplus as a result of the financial easing have created a huge surplus of capital. With the exception of some of the overseas investment markets, most of them inundate the capital markets with relatively high investment returns. Between 1985 and 1990, Japanese enterprises invested a total of 406 trillion yen, but only 148 trillion yen (or 36 per cent of the total) was used to invest in productive assets, of which 64 per cent, 258 trillion yen, went to securities markets and real estate. Excessive capital inflows have driven the sharp rise in stock and property prices.

The speculative stock market of legal persons originated from the "specific money trust system", which was established in 1984. It enabled the large enterprises in Japan to entrust huge sums to trust banks and Securities companies to engage in financial transactions. Thus, besides the Institutional investors's wild speculation, the speculation of the legal person's capital had also become a major driving force behind the stock market's expansion, and had finally caused the stock market to go out of control …

After that, the economic policies and laws of Japan for the past ten years were analyzed. Since 1986, when Japan was in a state of tranquility, Nikkei Index started to rise from 12,000 points in 1985. In 1987, the world stock market crisis, the Nikkei Index slightly decreased, but soon "revived" first, the share price began to rise all the way up, and led the global stock market to recover. The share of individual ownership rose from 8.84 in 1980 to 14.5 in 1988, and at the end of 1987, the number of individual shareholders in the city of Japanese Unit amounted to 2 million, equivalent to one fifth of the total population of Japan. By the end of 1989, Japanese stocks were 1.3 times gross domestic product, and such a sharp rise in asset prices meant the existence of an economic bubble.

Japan's real estate bubble has reached a climax, because the psychological expectation is good, speculative activity is increasing, the phenomenon of buying and selling land is very serious, the price of land is rising rapidly, the sharp rise of land price makes the investors constantly reappraise the assets of the enterprise, the large enterprise owning a large piece of land has multiplied in value, the share price has soared, has become the leader in the stock market continuously rising. By the end of 1988, Japan's land assets were 1.4 times gross national product; in 1989, when the bubble was at its heaviest, the combined real estate prices in Japan's Greater Tokyo exceeded those in the United States as a whole.

In May 1989, recognizing the pressure of overheating, the Government of Japan began to implement the financial austerity policy on an emergency basis, increasing the discount rate from 2.5 in 1989 to 6.0 in 1990. The sharp increase in the discount rate directly affected the market yield of capital, and the share price began to fall.

In April 1990, the Da Zang imposed severe restrictions on the real estate industry. On the one hand, it strictly controlled the financing and on the other hand, it imposed a tax on the real estate value, which caused the real estate price to fall. The fall in land prices has reduced the value of real assets and contributed to the fall in share prices. At the same time, because of the rising cost of capital, the ability of increasing revenue of enterprises will be greatly restricted. Speculative speculators seized the opportunity to sell their shares, fuelling further panic.

December 29, 1989, was the last trading day of the year. When the market opened in 1990, the market began to plummet, and on April 2, 1990, the Nikkei Index fell to 28,002 points for four months, a fall of 23%.

Then, it was written that there was suspected that an international consortium had entered Japan's financial markets to cause hype, pointing out that the Japanese Unit city would continue to be depressed, and the Nikkei Index would also continue to fall, supporting companies to enter Japan's financial markets and leave them empty.

Seeing this, Ceng Yanyun was impressed, this woman was just too talented. If Soros and the other big international financial crocodiles had written this report, Ceng Yanyun would not have thought much of it, but a young lady who looked like she was in her twenties would definitely not be an ordinary person. Moreover, this time was not like the time when people of the future could write such a report using limited amounts of information. Even so, Ceng Yanyun who had experience from his previous life knew that although her analysis could not be said to be completely accurate, but just this report alone accurately predicted what would happen next in the Japanese financial markets.

He had already made up his mind that he would get this kind of talented woman no matter what. If he had this woman to help him roam the international financial markets, then it would be much easier for him. Therefore, Ceng Yanyun opened his eyes and stared at the beauty. It seemed as if he wanted to swallow her whole.

Perhaps it was because she felt Ceng Yanyun's gaze on her, or because she had buried her head for too long in trying to stretch her body, but she raised her head and gently stretched.

She didn't realize how seductive her posture was right now. With her angelic face and lotus-root like arms, she leaned her body backwards, the snow-capped area on her chest protruding out. It was obvious what she was thinking.

The beauty immediately saw Ceng Yanyun's ugly expression and widened his eyes. He stared at his full chest and started drooling so hard that his mouth was about to fall out. As a result, his face suddenly became extremely red.

"Why is this person like this?" "He looks pretty handsome, and looks like he has a bit of money in his clothes. He's wearing a suit with a name on it, but he's also staring at other people the same way as the other men. I thought he was a scholar when I saw him reading the financial newspaper, so he's actually a pervert." Unconsciously, Ceng Yanyun's image in the heart of beauties was reduced.

After all, she had seen this kind of person too many times. Growing up in the envious eyes of others, she naturally wouldn't feel uneasy in front of others, and the blush on her face just now was merely caused by the fact that she had stuck out her chest and been seen, that she was in the midst of a young girl's shyness, which was completely unintentional.

Time slowly flowed into the afternoon under the beautiful woman's repair report and Ceng Yanyun's infatuated gaze. There were less and less people in the library, it was lunch time, most of them had already gone to eat, only a few bookworms were still reading some storybooks or some Western human body art.

Finally, Uniform Beauty stopped writing and mumbled to herself, "I'm finally done. I'll just have to repeat it again in the afternoon. It's so fun tomorrow!" Then she looked up and saw that the man was still staring at him in a daze. He couldn't help but have a strange feeling in his heart. After this year, he would be 22, and it was time to find a boyfriend. His dad was so anxious right now, but he couldn't find a random guy that caught his eye as much as he could! That man looked pretty handsome, but like other men, he was only interested in his looks. When would he be able to meet a prince charming of his own? Thinking of this, the beautiful woman's face blushed again.

When Ceng Yanyun saw the other party raise his head to look at his, he did not reveal any expression of disgust. However, he did not display any expression of admiration or worship, proving that he did not leave any impression on the other party's heart. Ceng Yanyun knew that if he wanted to catch up to a woman, the first feeling would be the most important, he could either make her thank you, or make her hate you. No matter what method he used, as long as he could make her remember you, he would have the chance to get her heart.

He knew that the other party was thinking about something, and was blushing. However, he did not stop there, and continued to pack up his notes. Ceng Yanyun knew that she was going to leave, and no matter how late he was, it would be too late.

So, Ceng Yanyun did not wait anymore, and used his trump card, revealing an evil smile, he stood up in an elegant manner and stared at the other party: "This beautiful young miss, it's my honor to meet you, can I treat you to lunch?" Ceng Yanyun used the low and deep male voice that was filled with emotions and spoke in Mandarin. Through the pretty girl's crappy Cantonese and fluent Mandarin just now, Ceng Yanyun knew that she should be from the ancestral land.