Masao Ishihara looked up and took a sip of the whiskey in the Cain Cup and said, "The second is that on the vast folk level of Japan, the Japanese people in their heyday in the 1980s all had extraordinary confidence.

In addition, books like "Japan No. 1" were even more popular. At that time, young Japanese people dared to afford high-interest loans from banks to buy cars and houses as soon as they started working.

Especially those Japanese who bought a house with loans generally mortgaged them to the bank for cashing out again. They invested the cash from the cash out into the stock market, which led to the Nikkei index rising all the way.

The stock market has artificially produced unprecedented prosperity, which will only make more and more people try their best to make money and then invest the money they have obtained into the stock market.

In this way, the bubble becomes bigger and bigger. By the time I come to my senses, the bubble has become so big that there are only two helpless choices before the Japanese government.

Either take the initiative to pierce it directly. It is better to have a short pain than a long pain. A hard landing is made directly, or reduce foam bit by bit, just like a dull knife cutting flesh and soft landing.

However, the latter choice may not be guaranteed for security. After all, the bubble has become so large that it is possible that it will automatically shatter at any time. So, later, the well-known Japanese government chose to make a hard economic landing."

Park Yilin asked in a targeted manner: "In your opinion, what should be the credit card crisis in South Korea this time?"

Masao Ishihara ate another small piece of mullet and said, "The root of all this is still on the economic and financial system issues.

South Korea repeatedly emphasizes autonomy in its domestic propaganda. In fact, most of South Korea's economic system and development have learned from Japan.

The reason why Japan began to support a group of chaebols during the Meiji Restoration period was naturally because of a realistic need, that is, to resist and fight against large European and American conglomerates.

In the era of Park Chung-hee in South Korea, supporting a group of chaebols such as Samsung was also to resist and fight against foreign capital. When political strongmen were in power, they could still control them.

Once a political strongman is no longer in power, he will be backfired and will be in a situation where he will not lose his tail. In terms of demands, the government and the chaebol will naturally have inconsistent interests.

The most ideal thing for the government is to make the chaebol obediently become its money bag, while the most ideal thing for the chaebol is to have all the economic and financial policies formulated by the government revolve around its interests.

In fact, there will be factional games in interest groups of all parties. Whether it is the economic policies or financial policies finally formulated by the Japanese government in the early 1990s, they will not be the optimal solution in terms of the economy, but will only be the optimal solution for mutual compromise between interest groups of all parties.

This is true for Japan, and so will South Korea. Japanese capitalism can be said to be crony capitalism, while Korean capitalism is also crony capitalism.

The credit card crisis that occurred in South Korea at the beginning of this century will not be the optimal solution for economics, but will only be the optimal solution for mutual compromise between interest groups of all parties.”

He paused at this point, took another sip of Karuizawa's 25-year single malt whiskey in the Kane Cup, and continued: "Will the banks and credit card companies in South Korea consider themselves unlucky and not pay back the debtors? This is absolutely impossible!

If they only care about their own interests and force debtors to die for debtors, they will inevitably cause serious social problems. This is what the South Korean government does not want to see.

One thing I dare to conclude is that the South Korean government will definitely reach an optimal solution to reach a compromise with banks and credit card companies of all sizes, and it will not be the optimal solution in terms of economy or finance.

On the one hand, the South Korean government will use the money to wipe its butt, and on the other hand, it will personally endorse and guarantee the debtors of bad credit cards.

For some people who are really unable to repay their debts, they will go bankrupt directly. As for those who can repay their debts, interest will be reduced and exempted depending on the actual situation, or even no interest will be required, and only the principal will be repaid.

Monthly installment repayment is still an acceptable solution for banks and credit card companies.

If South Korea's economic and financial system really collapses, it will not be a good thing for them, it will only be a bad thing. After all, there will be a complete end in everything."

Park Yilin smiled and said, "Every time I talk to you about these things, I always refreshed me and learned a lot of new things from them.

This should be the essential difference between me and you. You can look at macro issues from a higher perspective, while I can only look at micro issues from a lower perspective."

Masao Ishihara said bluntly: "Who told me to be the boss? Are you a worker?"

Park Yilin nodded with a constant smile and said, "What he said is that there is essentially a difference in what the boss and the worker are thinking about.

The boss is thinking about how to make more money. Otherwise, even the monthly salary will not be paid in time. Workers will not think about it this way.

All they thought was that as long as they did their work, they should get their salary on time and on time. Otherwise, they would be unhappy."

Masao Ishihara said calmly: "bingo, that's the reason."

Park Yilin suddenly asked with a strong purpose: "Are you planning to promote Mizukawa Takashi to the head of Karuizawa Group's branch in South Korea, or choose Yuyuki Kinda?"

Masao Ishihara said straightforwardly: "This shouldn't be something you care about!"

Park Yilin showed a serious expression and said, "I am caring for you. You always say that the process of making decisions is always full of pain."

Masao Ishihara smiled and said, "I am in pain and happiness. As for the moment, the person who is really restless in sleeping and eating is not me, but Mizukawa Takashi and Kaneda Yuuyu.

Neither of them was absolutely sure. The only thing they could think of was losing and would be assigned to be the director of the Sherry Wine Factory in southern Spain."

Park Yilin said lukewarmly: "Although Spain is quite far away, it is full of sunshine, not as cold as the winters in Japan and South Korea, and it is prone to snow."

Masao Ishihara said incisively: "But, any of them would rather stay in South Korea than go to Spain."

Park Yilin didn't understand and said, "Since you know everything, why do you have to do this?"

Masao Ishihara replied calmly: "One mountain cannot accommodate two tigers. Whether it is Mizukawa Takashi or Kaneda Yuyuki, they are all talents. Their personalities are not the kind of person who is suitable for assisting.
Chapter completed!