At the beginning of 2024, the world's best is steaming.
Japan, which is so red and purple, is still rising!
Just yesterday, after breaking a 34-year all-time high, the Nikkei Stock Average hit a new high.
For the first time in history, it rose above 40,000 points!
What's the situation? We're still looking at the lost 30 years, and Japanese stocks have set new records.
It is said that ** is a barometer of the economy.
Will there be a huge bubble in Japan?
No, the Japanese media compared the current Japan with the bubble period, and came to the conclusion:
Today, Japan** is still relatively healthy.
Even, there are institutions**, the Nikkei index may rise to 42,000 points in the summer, let's do it and see.
Along with Japan's **, there is also the Japanese property market.
According to Nikkei:
New homes in Tokyo's 23 wards were 36 in January compared to the same period last year7%, and the average price reached 115.61 million yen (about 553 yuan.)820,000 yuan), a record high in January.
Now, our economic development has also reached a transition period of great changes in the internal and external environment.
As a result, Japan's recovery and vitality have become the most important concern for many people.
What is Japan doing right to emerge from a decades-long recession?
What is the warning significance of Japan's painful lessons at this moment?
What can we do to avoid suffering like Japan?
Actually, many times when we go to see Japan,Few people put themselves in the shoes of enterprises and think about how they actually do in a harsh environment.
And an important reason for this wave of ** in Japan is:
Stable and high earnings of large Japanese companies!
Many large Japanese companies are willing to give up their equity to investors such as the United States.
Because they understand a truth:
If you want to survive, you can only go out and have no choice!
Many of the Japanese companies we are familiar with are actually Americans.
For example:Hitachi, Mitsubishi Electric, KyoceraWait.
And the Japanese onesCigarette manufacturer JTSince the 90s, more than 10 mergers and acquisitions have been completed at home and abroad.
Successfully diversified and internationalized the company, becoming the world's third largest tobacco producer.
In the first half of last year, Warren Buffett publicly announced in an interview that his Berkshire** already owned 7 of Japan's five major trading companies (Itochu Corporation, Marubeni, Mitsubishi Corporation, Mitsui & Co. and Sumitomo Corporation).4% stake.
This is Buffett's largest overseas investment, and it directly makes him the largest shareholder of the five major trading companies!
Official data shows that from 1996 to 2022,The scale of Japan's foreign investment has increased by 8 times!
Japan's GDP in 2022 is 5458 trillion yen, while Japan's net worth overseas is 418 trillion yen.
These foreign revenues continue to flow back to Japan, and they have become an important cornerstone to support the solid foundation of the Japanese economy.
But it's not just about going out.
They are still accelerating industrial upgrading!
LikeFujifilm CorporationIt used to be the world's second largest color film manufacturer after Kodak in the United States.
But later, Kodak went bankrupt, but Fuji survived.
Why? One of the main reasons for this is Fujifilm's strong focus on technology development.
In 1981, the world's first electronic diagnostic system for medical X-rays was launched.
Since then, it has been actively launching digital camera and other businesses.
Currently, Fujifilm also manufactures photoresists and other materials for semiconductor production.
It also includes the information business field of printing systems, medical systems, liquid crystal materials, and records.
That's it, after decades of grinding,Eventually, Japan has a large number of long-lived leading enterprises.
There is a specific survey of the number of companies operating in each country for more than 100 years.
Japan has the most, with 37,085.
More than half of the total number of companies in the world that have been in business for more than 100 years!
The United States is second, and Germany is third.
They have quietly cultivated their respective fields, accumulated competitive advantages, and become the top ones in the industry.
Why is there such a strong willingness for overseas capital to invest in Japan?
Have you ever wondered about a question:
Even though Japan's economy is improving, the yen, the sovereign currency that symbolizes national strength, is depreciating sharply?
Isn't that contrary to economic performance?
You are wrong, the depreciation of the yen has made the export competitiveness of Japanese companies more competitive!
On the one hand, it is conducive to investment expansion, and on the other hand, it is also conducive to low-price competition.
According to the report of the Ministry of Finance of Japan, the rapid recovery of exports of Japan's automobile, construction machinery and other industries in 2023 drove Japan's total exports to increase by 28% to 10089 trillion yen, a record high!
When corporate profits are high, shareholder dividends and employee salary increases are sufficient, and the stock price will naturally rise.
What's more, the depreciation of the exchange rate has led to a significant reduction in the price gap between Japan and developing countries!
Foreign investment in Japan has a stronger cost performance!
Capital is profit-seeking, and it also has a very sensitive sense of smell.
When an economy fails, capital flees from this pool of funds and goes to pools of funds with greater certainty and higher expectations.
This trend is the common logic of global capital, which is to earn income in such a continuous flow.
Japanese investment does have meat, and they will smell it.
All of this, reflected in the fundamentals of the economy, is the economic dynamism we see now.
In the past 30 years, Japan has achieved the export of industry and capital, which is to make the world's money and hedge against the domestic recession!
There is a famous "tunnel effect" in economics.
When you drive into the tunnel, if the car stagnates for a long time in the dark, you will feel worse and worse or even depressed. But if the car can move, even if it moves slowly, and you can see the light at the end of the tunnel, the mood will improve.
In the face of adversity, we must go all out to find opportunities and hope!
In the past 20 years, our company has also experienced two rounds of going overseas.
The first time was after 2008, when China's economy gradually fell from high growth.
At this time, the first wave of Chinese enterprises going overseas was born.
A large number of labor-intensive industries have shifted production capacity to Southeast Asian countries such as Vietnam, Cambodia, and Laos.
The second time was after 2018.
The scale of real estate investment began to decline, and the economic growth rate shifted gears.
For example, some Chinese auto companies have begun to accelerate their overseas deployment.
Now China's automobile exports have completed the first jump.
In 2021, it exported more than 2 million units, surpassing South Korea and Germany by 2022.
And now it has replaced Japan as the world's largest automobile exporter.
BYD, which carries the handleIn June 2022, the market value exceeded the trillion mark, and the company's volume surpassed Volkswagen of Germany, ranking third in the world!
Second only to Tesla in the United States and Toyota in Japan.
In the fourth quarter of last year, BYD not only surpassed Tesla in total car sales, but also completely surpassed Tesla in the sales of pure electric models, and deserved to be the world's first brother in new energy vehicles!
and the fast-growing Pinduoduo, its cross-border e-commerce platform Temu has been overseas for only one year, and the share price of Pinduoduo has increased by 74%.
Not only did it enter the hinterland of Amazon, but it also called for wind and rain in the European and American markets, and even became the first in the App Store ** list for a time!
But, that's not enough!
We must speed up industrial transformation and upgrading, fundamentally focus on R&D and innovation, make good use of the space for industrial restructuring, and promote the expansion of the equipment manufacturing industry and producer service industries.
Now we're also in a race.
We still have a lot of unresolved questions.
For example, investment has slowed.
For example, the downward trend in real estate.
Another example is the employment rate.
Some people say that many people are starting to lie flat now.
There are some people who have lying flat capitalBut I believe that there are still many people who still insist on the road of entrepreneurship and struggle!
And these people are the inexhaustible driving force of our country's economy!