Chapter 98 The Right Choice
Since signing the square agreement, the yen has risen from 25 to 1 to 15 to 1 compared to the US dollar.
The sharp appreciation of the yen also made Japanese companies richer.
Especially local industries such as Nintendo, Namco, Hudson, etc., it feels really good to have a dollar in your pocket. If you can only buy a steamed bun a year ago, and you can buy two steamed buns the next year.
Japanese entrepreneurs cannot be foolish. The substantial increase in value of the yen is almost a devastating blow to Japan's export industry.
If it weren't for the red and white machines produced by Nintendo that have been produced for several years, the price of electronic components had been reduced to a bargain price, offsetting this appreciation, and preventing the cost of making NES.
Otherwise, Nintendo's overseas strategy would have failed.
Companies like Sega that have foreign capital intervention simply choose to build factories in the United States and Europe, produce and sell nearby.
Although the wages in these places are very high, it is not a loss compared to the yen that has increased day by day.
However, in most industries, the video game industry is not as lucky as it is.
The result of the sharp appreciation of the Japanese yen against the US dollar is the sharp decline in competitiveness of the Japanese industry.
Japanese companies that had originally swept almost all over the world's mid- and low-end markets, faced with the daily changes in exchange rates, it was impossible to say that they did not have toothache.
Even if you own a house in Tokyo, the profits generated by value-added within a month are more than what the factory makes for a year of production of products.
The bosses are not fools either. In this case, a large number of capitalists with cash choose to invest their money in the real estate industry, or financial real estate.
Because, compared to industry, finance makes money faster. And, almost nothing needs to be done, money keeps turning around.
Compared to working in the industry, the financial industry is too easy and profitable.
When the exchange rate increased to 150, Takahashi had already started selling Tokyo properties that he had been buying for two years little by little.
On the Tokyo map, the thumbtips representing Takahashi's real estate under their name have decreased one by one, and wealth has also skyrocketed day by day. Takahashi converted the money into US dollars as slowly as possible.
In order to prevent the authorities from asking themselves to drink tea, in addition to the small-scale transfer of funds to US dollars, Takahashi also chose to pay the money that tens of thousands of households need to pay in countries around the world in Japanese yen.
The money after the sale of the goods will not be returned to the Japan headquarters, but will be left in the account of tens of thousands of households where the goods have been sold.
Wanhu started the ants moving trip just a little bit.
Logically speaking, Japan's economy is far from collapse. Capital is coming from all over the country, and a large amount of hot money has made Japan's real estate market even more popular than Dongfanghong.
However, Takahashi began to transfer assets outward early, because he was not the main player in this game.
Don't think that it's really global now.
Although Takahashi knew that Japan's economy would continue to rise, he didn't know when the door would be closed and the dog would be released.
If you are more greedy, choose to escape when the yen exchange rate is the highest. Not to mention whether you can find the highest point, it is a problem whether you can escape unstoppably.
Takahashi is not like some investors, Li Cai, who always fantasizes about buying from the lowest point and selling from the highest point.
Is that realistic?
Realistic balls.
Anyway, I have taken advantage of this financial wave and I have earned countless capital.
Now even China's government that urgently needs the US dollar is strongly demanding that tens of thousands of households exchange settlement currencies from US dollars to Japanese yen.
Takahashi naturally followed the good and followed the wishes of these people.
However, most companies in Japan now do not choose to sell their properties little by little like tens of thousands of households.
There seems to be a trend of the headquarters building in the entire circle of electronic game manufacturers.
SNK New Japan Project, Tec Japan, Konami, Capcom, and other plans to build new headquarters buildings, or it has begun to be built.
With land prices in Tokyo doubled almost a month, there is no reason not to build a headquarters building.
Even if you can't use it all after you have finished it, you can still sell it.
However, because the price of land and building materials has increased very high, although these electronic game manufacturers can be said to be very proud, they have also chosen to build buildings with loans.
Manufacturers such as Nintendo, looking at the increasingly crazy Japanese economy, see strong consumption capacity.
The amusement park plan that had been sealed early has also begun to restart.
However, it is actually a real estate plan.
The land occupied by the amusement park also represents a lot of money.
For example, Namco can only build a small amusement park.
Nintendo, which is actually the number one company in Japan's game industry, started to benchmark Disney directly, intending to build a Nintendo park with game characters such as "Mario" and "Zelda".
Nintendo feels that since Disneyland can attract all Japanese children and go to play like crazy. Nintendo Paradise will definitely have the same effect.
You know, it is the end of 1988. Children have been watching Disney animations, but they have not been playing video games for a long time.
With this mentality, almost all Nintendo people feel that creating a Nintendo Paradise will not lose money.
Therefore, this resolution of Hiroshi Yamauchi did not even have any objections on the surface.
In comparison, Wanhu, who is still at ease in making games, looks like an alien in the entire Japanese electronic game circle.
However, various manufacturers are no longer surprised. After all, the person in charge of Wanhu is not a Japanese, so it is natural that it seems strange to do things.
In fact, at the beginning, there were friendly competitors trying to analyze the reasons for the success of tens of thousands of households.
There are indeed traces to follow at the beginning, but the more you go back, the more you can't understand it.
If Hudson, Namco, Conami, and Capcom were fired from Nintendo's system, even if the president didn't get rid of the seat and apologized and then stepped down, and carried out some cleaning and seek forgiveness, he would also have to argue with Nintendo.
However, Wanhu directly accepted Nintendo's act of expelling them from the system, as if he had predicted this.
Now it seems that Wanhu's "inexplicable" choice seems to be right or wrong.
There are many players playing the game of Wanhu, and Wanhu is not seriously damaged by it. Nintendo's red and white machines do not seem to have any bad consequences because of the lack of Wanhu one manufacturer.
In such an era, I really don’t agree with how to make a “right choice” under the tide of the times.
Chapter completed!