Xing Baohua subconsciously took out her phone and saw that it was already turned off.
"Bring them in!"
The call was from Mitsui Fujisaburo. The two of them now communicate promptly about urgent matters and don't need to go through Xing Baohua's secretary.
"Chairman, the Bank of Japan just announced an interest rate cut," Mitsui Tousaburo said hurriedly.
"How many?"
"The interest rate has already dropped to 1% this month, down 0.25% from the last cut. I'm afraid that excessive spending will cause them to go crazy, and the crisis will erupt earlier than expected!"
"Okay, I understand. I'll call you back." Xing Baohua then hung up the phone.
This is exactly what we fear most. The Japanese are acting out of control; their propaganda has gone too far. Just one online forum has gotten those who received their first refund to spread the word extensively in their surroundings.
They spent money and saw a return on their investment.
Although various economists and experts are calling on the Japanese public to consume rationally and avoid unnecessary risks.
After the financial crisis and the real estate bubble, the Japanese are in a financial slump. Who would listen to the experts' nonsense now? They listened to the experts back then and lost all their money. Now they're trying to stop them from spending?
They're just jealous of other people's cashback shopping model! They're saying we're doomed if they run away with the money, but look at them, they've already started offering periodic cashback.
They have already kept their promise.
With the central bank cutting interest rates again to stimulate economic consumption, people went on a shopping spree. With interest rates lowered, saving money in banks became less appealing.
It's better to bring it up for shopping. First, you can buy the items you like, and second, you can gradually get the original price back in installments.
Is it the higher interest rate or the 1:1 return that's more appealing? The long term? It's essentially a fixed deposit, and they give back a monthly payment. How is that any different from installment payments?
If this continues, financial crises will occur sooner rather than later, and increased consumer spending will accelerate this high-level cycle. While the amount of money accumulated at the top will increase, the accumulation of underlying capital at the bottom will also intensify.
If they continue to run away at the original time, Huaba's business model might suffer huge losses, or even run out of money to fill the hole.
The most profitable model in a "pig butchering" scam is to take profits when they're in the bag and not be greedy. They create a collapse, then run away with the money.
After most of the crashes, the higher-ups will reassure middle-level staff, telling them to wait for the technical indicators to kick in and that a rebound is expected, and reassuring those below not to panic. A week later, everyone will see hope.
A week later, the market continued to collapse, funds were frozen and withdrawals were impossible. The lower-level staff went to the middle management, who in turn went to the higher-ups, and the middle management ended up taking the blame.
Alipay's model is somewhat different, but the core gameplay still follows the same pattern as a pig butchering scam.
It's just a matter of time.
Xing Baohua felt that when the Japanese got serious, they did things that were a bit inhuman. How come they were so popular for consumption?
Suddenly, did Xing Baohua think of something?
Quickly call Mitsui Tousaburo from the landline and tell him to check all the loan interest rates in Japan as fast as possible.
Xing Baohua felt like there was a huge mouth waiting for him to get even fatter.
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