Thursday, December 6, 2012

Victoria's Secret Fashion Show 2012

Tonight's the night! The annual Victoria's Secret Fashion Show airs Tuesday and you'll be able to witness all of the hot models and musical acts on the tube. However, we've got a sneak peek of the action, which actually went down in early November.
 
One of the standout Angels from the show is a seasoned AngelMiranda Kerr. It definitely wasn't her first time on the catwalk for an event like this. She strutted her stuff with big feathers and glittering jewels and the whole nine yards and didn't so much as flinch in her stilettos. Now that's talent! 

The brunette wore a variety of sexy ensembles down the runway and we have pictures all of her best looks, plus shots of all the other hot ladies. Check them out below! 

Tonight's show features singers, including Bruno Mars, Justin Beiber and Rihanna; and of course, the angels, including Cameron Russell, Mirander Kerr, Candice Swanepoel, Alessandra Ambriosio and many others. With themes from dangerous liasons to the circus and old world Hollywood glam, there is something for everyone; well, maybe not everyone.

Tonight's sexy spectacle promises to be another spectacular night of sexy lingerie fashion. And we will be watching of course. Only Victoria's Secret can make an overdose of glitter and rhinestones make sense on underwear. Someone had too much fun with the glue gun.

Buffett to Swiss Reinsurance claims $ 1,000,000,000 cooperation relationship breakdown

Buffett to Swiss Reinsurance claims $ 1,000,000,000 cooperation relationship breakdown
Warren Buffett's Berkshire - Hathaway Company to Switzerland reinsurance claims one billion U.S. dollars, the cooperation between the two sides formally rupture. Swiss Re is disclosed for the first time in the third-quarter earnings in the dispute, saying Berkshire - Hathaway claims for damages of $ 500 million to $ 1 billion between. However, Swiss Reinsurance stressed that this requirement is completely unfounded.
Under a massive asset write-downs in 2009, reinsurers, Berkshire - Hathaway helping hand extended to provide the financing of 30 billion Swiss francs a year after the two sides reached agreement "retrocession". The company suffered a $ 642 million pre-tax underwriting loss of business misjudgments

The euro rose kinetic energy depleted concern ECB resolution

Wednesday (Dec. 5) New York session, the euro against the U.S. dollar from a seven-week highs, so the former Spanish bond auction result is disappointing, and weak economic data in the euro area, so that investors bet the euro has in recent days risetoo much too fast.

Of Greece in the past week to get more financial aid from the international gold master optimism driven by the strength of the euro, but the euro rally kinetic energy depleted fell below 1.31 against the dollar, the Euro technical outlook is bearish, the euro's recent liter potential order against the dollar so far this year rose 1.1%.

Days announced a number of European countries in November service sector purchasing managers index (PMI), the overall mixed data, the 10 euro-zone retail sales dropped 3.6%. On the other hand, Spain also auctioned 4.252 billion euros of medium-term bonds, the scale below the target range ceiling of 4.5 billion euros.

While in U.S. fiscal cliff negotiations message is still unsatisfactory, intraday U.S. President Barack Obama still adhere to its plan to raise taxes for 2% of the richest people, the House Republican leader Cantor also bluntly fiscal impasse in negotiations, the need face-to-face negotiations.

However, U.S. factory orders, ISM non-manufacturing PMI data are not subject to the impact of Hurricane Sandy unexpected strong performance in the U.S. stock market rose by a down turn, improved risk appetite, risk currencies have stabilized.

Before the European Central Bank monetary policy meeting on Thursday (December 6) at the same time, investors are also reluctant to make big bets. While the market expects the ECB to keep interest rates unchanged at 0.75%, but investors will be concerned about the aggravation of the recession in the euro zone, European Central Bank President Mario Draghi lowered borrowing costs will increase future will reveal clues.

France and Germany disagreement the huge European Bank Union negotiations again broke up

"Bank Alliance is to establish a more powerful key part of the economic and monetary union, which is a European challenge afford to lose." Members of the European Commission responsible for Economic and Monetary Affairs Rennes said that the establishment of the League of European banks to the outside world urgency.

However, local time, on the 4th, the EU finance ministers meeting fruitless, the establishment of the Union of European banks plan suffered another hit.

EU finance ministers have agreed in principle to set up a bank Union as the euro zone's two largest economies, Germany and France on some of the key issues for the establishment of a single regulatory mechanism of the banking sector is still divided, especially on the European Central Bank in role in this regulatory mechanism.

German Finance Minister Wolfgang Schaeuble said the ECB's role in the European banking supervisory mechanism should be, but this does not mean that the European Central Bank should be responsible for establishing the regulatory mechanism.

"If you want the ECB's Governing all German banks, it is difficult to get the German parliament by not believe that any European institutions the ability to monitor thousands of European banks." Schaeuble said.

"We should not drag our feet." Moscovici, the French finance minister said, "France hopes that the European single regulatory mechanism covers all EU bank regulators implemented by the European Central Bank."

The finance ministers of the EU presidency Cyprus, said Mejia Hurley, 27 EU finance ministers failed to reach agreement on the establishment of a single regulatory mechanism of the European banking sector, the finance ministers will hold a special meeting on the 12th of this month for further discussion. However, Schaeuble warned after the end of the meeting of finance ministers, the rapid pace of the process of promoting the Banking Union, the European Union may be difficult to reach an agreement before the end of the year.

The meeting of EU finance ministers warned that the League of European banks, any signs of frustration will combat market. Countries such as France, Belgium, Spain and Italy, the finance ministers issued a warning to Germany: the deadline miss EU would be "dangerous".

Yesterday, European stock markets edged opened higher, the three major indexes rose more than 0.2% intraday, the market does not seem to be the EU finance ministers meeting fruitless. However, the Spanish bond auction results and weaker-than-expected euro zone retail sales data, the euro against the U.S. dollar finished lower.

Monday, December 3, 2012

Who is the maker of Apple crisis

Who is the dominant smartphone and tablet computer market? A year ago, this was a simple and could not be more simple question, but one year later, this issue left many people scratching their heads, because the option in addition to Apple, as well as Samsung.

Three months ago, called the Trial of the Century "Apple Samsung patent case ruling, the results obtained in the United States, ruled that Apple need to compensate the huge economic losses of $ 1.05 billion Samsung loses. However, for the case of the two main characters, which not only did not become the end of the story, instead, he sounded the horn comprehensive upgrade of the war. Will be supplied to Apple's mobile processor prices by 20%, Samsung recently stopped the key parts to the Apple supply battery; to get rid of dependence on Samsung, Apple also began looking for a replacement on a global scale, and accelerate their own "Samsung" footsteps.

Apple acceleration "leaving Samsung"

Recently, Samsung and Apple in China busy, the former busy rectification "sweatshop suppliers in China, the latter busy Chinese suppliers plus orders. However, for the acceleration of the process "to Samsung of" Apple, the challenge has just begun.

As the world's most advanced electronic components manufacturers, Samsung important position in the procurement system of Apple. Accounts based on publicly available information, before the iPhone5, Apple's iPhone series products the total price of 40% of the parts provided by Samsung, throughout the core components such as processors, panel, memory, battery.

"Apple wants to rid itself of Samsung is also very difficult," Joseph Chu Chi, vice president of Comtech core City panel, battery, these are also difficult to find stopgap processor is the most troublesome. "

IPhone5 production, Apple wanted to processor orders to China Taiwan enterprises TSMC, but because of technical shortcomings, Apple eventually A6 processor production all over rival Samsung.

Joseph Chu Chi said, "IC components, the processor is the most complex, especially in large-scale production, high requirements on the production line, Apple headache, other components, Samsung just which Apple suppliers, processor, Samsung is the exclusive supplier. "

According to Taiwan media reports, TSMC may become Apple's processor vendors in the next year, but due to TSMC, Qualcomm, Nvidia large customers, so Apple should really take over the order, how to coordinate the production capacity is a major problem.

Samsung to expand market share gap

"Samsung's rise speed beyond Apple, and even the whole industry is expected originally cooperation than competition relationship quickly turned into a competition than cooperation." Said Joseph Chu Chi evaluation.

The second quarter of 2012, according to data released by the U.S. research firm IDC, the global smart phone shipments, Samsung and Apple teamed grabbed half of, but Samsung is 32.6%, Apple 16.9%, almost only half of the opponent. The same period last year, Samsung and Apple's share of respectively 17% and 18.8%, Apple is also slightly better. Although the iPhone5 release in September, Apple sales to achieve a high growth of 57.3 percent year on year, but Samsung's sales in the quarter year-on-year increase of up to 100.4%, and further widen the gap with Apple in terms of scale.

Both competitive landscape changes quickly led to the shock of the capital market. In the past two months, Apple and Samsung's share price out of the two diametrically opposite curve: the former price fell below the $ 600 mark, the market value has shrunk to two percent in mid-November to a record low of $ 528 six months; while the latter stock but in the Korean stock market rise higher and higher, with a record high in November, the market value of close to $ 200 billion, higher than the sum of Japan's top five electronics giant also twice.

However, this is somewhat puzzling. Three months ago "Trial of the Century", the winner is clearly Apple, why the court winner retreat, losers instead siren song?

Insiders familiar with patent cases to reporters just T account, $ 1,050,000,000, for many companies, can be described as astronomical, but for Samsung, which is not what a lot of money. Samsung last year sold more than 90 million units of smartphones 10.5 billion allocated to every intelligent machines cost only $ 10 to succeed. "

In his opinion, Samsung is successfully hit the time difference. Patent case a dozen year or so, judgment finished, Samsung flew again appeal to compensation when payment is still unknown, but in the process, Samsung can be hard to sell the machine, as long as sell more, this compensation gold will soon be able to come back. "

Moreover, Apple's original claim amount is $ 2.5 billion and require comprehensive ban Samsung's infringing products in the United States. But final judgment ruled that Apple's favor, but the amount of compensation has shrunk nearly 60%, the embargo has not promulgated. Moreover, the case takes up to 16 months, so the original case in many models, Samsung has long been upgrading, even if the lock-up, Samsung has also limited.

Even more depressed Apple, this $ 1.05 billion, become part of Samsung's "advertising costs".

A mobile advertising company executive told reporters, "and giant PK is a top marketing tool, if successful, flew an equal footing to establish in the minds of consumers with giant market position, of course, this approach is difficulty of the operation very high. "

Jobs dividend "has done?

The iPhone5 release of Apple's official claim that 200 million mobile phones only 1 hour ordered a blank iPhone4 and iPhone4S completed this achievement rate is 22 hours and 20 hours respectively.

While Apple digital persuasive efforts to prove to the outside world that the iPhone5 outstanding but still can not stop outside iPhone5 the various Tucao of, including photographs appear purple, back cover will Diaoqi the and so on.

A large number of analysts think the iPhone came out, Apple is disruptive innovation, but revolutionary jump no, as perceived by many users, iPhone5 seems just minor repairs, look and feel and iPhone4 and not qualitatively different .

Joseph Chu Chi seems Apple is now some lonely at the top. From 90 cents to 95 points "easy progress 60 points to 90 points, to be much more difficult. Previous iPhone products, the production of one or two quarters, with the yield enhance the production costs there will be a decline of 10%, however, The iPhone5 the yield rate is not expected to enhance, which would lower the profits of the apple. "

Three quarters of timekeeping in the announcement, Apple CEO Cook admitted that the next quarter, Apple's gross margin will be reduced to about 36%, marking the lowest level in four years, and Q3 Apple's gross profit margin of up to 44%.

Is Steve Jobs left the bonus has been depleted?

The well-known IT critic Wei Wu Hui believes that as a company, it is sooner or later to be mediocre and even death, but not now. Apple as long as the underlying application well, so that more users like iPhone, there will be more application developers around the Apple ecosystem, to attract more users. This is a virtuous cycle as long as the cycle is not destroyed, Apple the good old days will not end. "

Although Samsung has overall layout of the supply chain, more than 70% of the parts can be self-sufficient, but Samsung system Google Android. In other words, Samsung profitability is dependent on hardware, Apple was able Zuoyoukaigong, integrated "Flex", according to Apple's official said, Apple last year to the share of the global developer up to $ 5,000,000,000.

Thus, while Samsung throw off the scale, but on profitability, Apple is still stronger than the Samsung. Apple earnings Q3 net profit up 24%, to $ 8.2 billion, while Samsung's net profit was $ 6,000,000,000.

Dominance of Japan's electronics industry is to strengthen rather than weaken

Dominance of Japan's electronics industry is to strengthen rather than weaken

Do not believe the rumors of others, the best actual survey, did not shake the dominance of the Japanese electronics industry. Also, I helmet is very strong drop, not afraid of tile.
The bad news of the Japanese electronics giant seems flooded with media pages, but are false. Panasonic huge loss, Panasonic is expected to reach a net loss of 756 billion yen in fiscal year 2013, about $ 9.6 billion. Know the truth Tell me a look that Panasonic is really a huge loss. Let's take a look at Panasonic's earnings, Japan 3 at the end of the financial year, that is the first half of the 2013 fiscal year in Japan as of the end of September 2012, Panasonic fiscal year 2013 cumulative sales in the first half of 3638200000000 yen, equivalent to about $ 46.2 billion, a 9% decline in fiscal 2012, operating profit, pay attention to the operating profit of 87.4 billion yen, fiscal year 2012, an increase of 83.6%. Panasonic fiscal year 2013 operating profit is expected to be 140 billion yen, an increase of 220% from the fiscal year 2012. Any Chinese household electrical appliance enterprises are unable to achieve operating profit growth of more than 50%, most of the decline. Panasonic is an increase of 220%. Panasonic Despite the revenue decline, but profits increase, and that is to improve the competitiveness of Panasonic products. The net loss for why so high? Very simple, and restructuring costs.
Many people recognize just the first half of fiscal year 2013, Panasonic TV, Panasonic TV sales of 6.79 million units, with sales of 265.4 billion yen, accounting for 7.3% of Panasonic's total revenue, the TV business from the loss of 23 billion yen in the first half of fiscal year 2012 to Panasonic profit of 36 billion yen. Even Panasonic TV in China, Taiwan is not selling, Panasonic income or profit impact is completely negligible.
Panasonic have a lot of business remarkable, such as the auto parts business, benefit big selling luxury cars in China, Panasonic's auto parts business in the first half of fiscal year 2013 revenues of 382.7 billion yen more than the fiscal year 2012 38 % operating profit increase of amazing, increased to 8.7 billion yen from 700 million yen in one fell swoop, an increase of 1144%, yes, 11 times. Panasonic industrial devices in the field in the first half of fiscal year 2013, revenue amounted to 693.6 billion yen, down 8% over the same period last year, but operating profit of 600 million yen from last year's loss to a profit of 18.5 billion yen. The battery sector performance for large customers to Apple is unusually good, the operating profit from a loss of 15.4 billion yen to 12.6 billion yen profit.
You will immediately told me that Fitch Panasonic bonds rated as junk, the problem is that economists, analysts, few people predicted the economic crisis, you ask them what are the SB (strong buy), is very simple, it before you had SB.
A Panasonic insufficient to prove, today we look at five, anyway, the stock market fall everyone is bored, see more of the articles I write. Second home debut Toshiba, Toshiba's 2013 fiscal year in the first half revenue reached 2.6859 trillion yen, down 7.8% over the same period last year, operating profit of 69 billion yen, more than 79 billion yen in the same period last year, down a lot. But you are not like net profit Well, look at Toshiba's net profit, the first half of the 2013 fiscal year to 25.2 billion yen, an increase of 24% over the same period last year. You have to think that Toshiba only for TV and a laptop, you're wrong in thermal power generation, hydroelectric power, nuclear energy, nuclear magnetic resonance, elevator field enough, Toshiba and Siemens, GE unbeatable. Toshiba 2013 power system in the first half of the fiscal year where social infrastructure division revenue of 1.1453 trillion yen, accounting for 43% of the total income of Toshiba, the operating profit of 49.7 billion yen, an increase of 106% over the same period last year. The main driving force of the social basis of division are from China, in particular, nuclear power, The Toshiba Westinghouse occupy most of the market in China.
The third debut of Sony, the 2 quarter of fiscal 2013, Sony revenue of 1.6047 trillion yen, a slight increase of 1.9% over the same period last year. But depends on the operating profit Well, the second quarter of fiscal year 2013 operating profit of 30.3 billion yen, compared with a loss of 1.6 billion yen. Sony's operating profit from the electronic components sector, 2 quarter of fiscal year 2013, the electronic components sector operating profit of 29.8 billion yen a year earlier loss of 18.4 billion yen. The biggest driving force in the electronic components sector batteries and IMAGE SENSOR image sensor, the super this because ultra-thin, unable to use a lithium-ion battery, can only use a lithium-polymer battery, Sony is the inventor of the lithium polymer battery, holds major patents, but also the world's largest manufacturers of lithium polymer batteries, almost all the super had to buy Sony batteries, even if other manufacturers, such as Samsung SDI and LG Chem, have huge royalties to Sony. Apple proud photographic quality the critical image sensor from 4S period shifted to Sony provided the previous supplier of Chinese descent OVT, has been kicked out.
The fourth stage is the Sharp, this recognized bad home enterprise. Sharp is improving, Sharp's second-largest department AV (Make no mistake, this is the abbreviation of AudioVideo Oh, you do not get too dirty!!) Communication equipment in fiscal year 2013 revenue of 338.5 billion yen in the first half, more than 581 billion in the same period last year a significant decline of the yen, but depends on operating profit Oh, one quarter of the 2013 fiscal year loss of 20.2 billion yen in operating profit, the second quarter reduced to ¥ 900 million, expected Q3 can turn a profit. The main products of the sector TV and mobile phone. Sharp's white goods business development, the first half of the 2013 fiscal year revenues of 154.9 billion yen, an increase of 4.9% over the same period last year. The operating profit of 17.3 billion yen, an increase of 12.3% compared with 15.4 billion yen in the same period last year. LCD sector is the loss the hardest hit, but also to improve in fiscal 2013 quarter operating loss of 63.4 billion yen, the second quarter narrowed to 52 billion yen.
Fifth debut NEC, the first half of fiscal year 2013 revenue of 1.4478 trillion yen, a slight increase of 0.3% over the same period last year, the increase in operating profit significantly increased to 474 billion yen from 6.8 billion yen in the same period last year yuan, an increase of 597% amazing, which is 6 times.
Some would say the 311 earthquake in Japan caused by the low base in fiscal year 2012, in fact, by the end of March until the end of the fiscal year, 311 impact is usually included in the 2011 fiscal year, rather than fiscal year 2012. The actual Japanese companies is globalization layout is very good business, in addition to NEC, the Japanese share local business revenues and profits are generally lower than 20%, the lower the proportion of the larger enterprise.

Japanese workers lifetime employment and income doubling plan

Japanese workers lifetime employment and income doubling plan
Enterprises are profound impact on the economic body active and healthy degree of national strength. Region, industrial chain traction in large enterprises, driven by small and medium enterprises to achieve the country strong and rich, the government of each country are expected to do. But along with keep trying, we are also clearly aware of the maturity of the industrial structure and economic development of the soft environment, need to continue to rely on the actual situation to adjust only avoided the error on the direction and manner, to allow nationals to live and work Share the benefits brought by the long-term planning. Bai Yimin, director of the Chinese Academy of Social Sciences, the Japanese Economic Association in an interview with "Global Finance" reporter that this sense, Japan's experience is worth learning.

The new gathering relationship spawned the lifetime employment system
 Japan's traditional culture is based on the same "home" and family kinship. With the development of the capitalist economy, more and more Japanese came to the factories and enterprises from the traditional villages, the new agglomeration relationship also calls for a new spiritual. Sunny by Fang Youheng heart, business owners on the use of this kind of psychological enterprise to create an environment similar to the "home" to cultivate the collective consciousness of the employees to Changzhi service enterprises. The lifetime employment system came into being.
"Lifetime employment" is by Panasonic Company was founded in 1918. Its entrepreneurs, revered as "the god of management" Matsushita: "Panasonic employees before the scheduled retirement age is reached, do not worry about unemployment. Enterprise would never dismiss any 'Matsushita person,. Countless companies to follow the business model pioneered by Panasonic, this life-long employment system also made great contributions to Japan after World War II economic boom.
Speaking of "lifetime employment" system, people generally with the state-owned enterprises linked - rigid, inefficient. However, Japan's "lifetime employment" is not a contract can not be changed, but by the socio-cultural, and historical factors affecting the formation of a convention, that its own staff willing to stay in the right business. The enterprise is formed by the managers of collective ownership. Neither private ownership, nor is the state-owned enterprises are employees rather than shareholders. Employees to participate in the decision-making of every aspect of the enterprise, the employees and the boss more cooperative relationship, rather than antagonistic relationship. "Lifetime employment" staff salaries, income distribution consultation system. Composed of staff unions to negotiate with the boss, to determine the employee's wages. It can be said that the Japanese companies, employees wages not fully priced by the market.

Japan can achieve "lifetime employment" is the result of multiple factors
First, cross-shareholdings among Japanese companies, the formation of a stable industrial structure, the symbiotic relationship between the Japanese companies rather than antagonistic relationship. This interdependent relationship makes long-term stable operation, the number of their employees has remained at a relatively stable level. Even if the individual corporate bankruptcy, they will soon be associated enterprises incorporate, but the original enterprise employees will still work in the enterprise. Japan deemed to human capital rather than cost. Even if there is the Great Depression, the Japanese companies practice is also common to take a pay cut, instead of cutting people. Even if the cut, either early retirement humane, very generous amount of compensating employees early retirement; employees either transferred to affiliated enterprises shunt.
Secondly, the Japanese companies have the ability to continue to sustained profitability, the industry is escalating, expansion, transfer. Such as Toshiba Corporation, and its television and other electronic equipment manufacturing accounted for only 12% of its entire business, more of it is invested in the construction of nuclear power plants. Another example is the Toyota Group, the industry is also not just limited to car manufacturers as simple as that.
Finally, in Japan, whether it is business or employees are valued loyalty. Rarely seen in Japan, the talent market. This also from the subjective to ensure the feasibility of "lifetime employment" system.

The pros and cons of "lifetime employment"
On the one hand, the lifetime employment system in the time after the end of World War II, under the formation and consolidation of the background of the economic downturn in Japan, the Japanese economy to take off to no small role. Historical facts indicate that the greatest benefits of the implementation of "lifetime employment" system is conducive to the accumulation of technology and upgrade. Unlike American invention, Japan is more inclined to patent these inventions technology becomes, then commercialized. Due to the stability of the employees of Japanese companies, Japanese companies can continue the accumulation of technology upgrades, and the last will be converted into productivity. Allegedly, Japan now has the technology patent has enough of its next 10 to 30 years in the commercialization process. For example, tens of millions pixel digital camera is hot today, in fact, a decade ago to master this technology. Japan by the accumulation of technology, continue to release technical energy to ensure a sustained and stable development of enterprises continue to profit.
However, the disadvantages of the lifetime employment system is obvious: talent flow blocked, enterprises lack vitality. Even if some very talented, but because of the time into the enterprise is not long enough qualifications, it is difficult to be reused, thus affecting the personal enthusiasm to play. This situation continues over time, the enthusiasm and creativity of employees will gradually wear hit. And lifetime employment system is contrary to the modern concept of employment, many young people can not accept, could easily lead to the loss of local talent. The final step is the lifetime employment system brought heavy labor costs. When the Japanese economy has entered a period of slow growth, the many mature enterprises need to fight the Great Depression and the longest. If companies can not lay off, will be regular wages. Whether the wages are high or low, are enterprise a need fixed expenses cost.
After the 1997 Asian financial crisis, some economists doubt of lifetime employment, and think that this will reduce the ability of the enterprise to create wealth, the potential weakening of the enterprise's ability to resist risks. According to a survey conducted by the MHLW in 2001, the 591 companies surveyed, only 9.5% of the enterprises to adhere to the lifetime employment system, 38.3% of companies said that lifetime employment is not required. The originator of "lifetime employment" Panasonic Group, also in the same year, announced the cancellation of the lifetime employment system, more traditional Japanese enterprise system, a heavy blow
But 10 years later, people are surprised to find that a considerable part of the enterprise in Japan still stick to the tradition of lifetime employment. Japanese companies from 70% to 80% of the field still uses the lifetime employment system, did not use this system in the field of mostly expatriate project of some companies in Japan, and it is not true enterprise core layer. Proved that lifetime employment is still applicable to the current economic situation in Japan.

"Lifetime employment" Japan in the distribution of income "socialist"
"Lifetime employment" in Japan to form a system of society as a whole, helping to eliminate the divide between rich and poor. The three artifact known as the high-speed development of the Japanese economy, "one" Annual Merits "can illustrate this problem. The connotations of the basic salary of the employees annual increase with the age of the employee and the growth of corporate seniority and wage increase certain sequence, increase in annual wages under the table order by enterprises themselves. At the same time, the wage difference between whether it is at all levels within the enterprise, or between different enterprises in the same class wage differentials are not. This not only reduces the possibility of employees active flow, more importantly, it makes the gap between the income of employees of Japanese companies will not be much, the Japanese society Gini coefficient has been maintained at about 2.7. No wonder the former Japanese Prime Minister Yasuo Fukuda in a speech at Peking University in 2008, proudly declared: "Japan than socialism also socialist."

Sustained economic recession malformations reform - national income doubling plan
In addition to the lifetime employment system of the enterprise level, another Japanese help to eliminate the rich-poor divide initiatives implemented by the Government in the 1960s, national income doubling plan. After World War II, Japan's economy into the "bottom of the pot bust" experienced "already been taken the economy" (1955-1957), (1957-1958), that the deflation stage. Depression exposed the Japanese economy there is a dual structure, excessive reliance on investment to spur economic growth, the demographic dividend is coming to an end, the Japanese economy is an urgent need to transform the economic growth mode, facing the industrial structure adjustment, the per capita national income is not high and the lack of consumer demand and many other issues. Japan triggered out a big discussion in the formulation of economic planning in the new period, and ultimately a comprehensive economic development strategy - "national income doubling plan" was born.
December 17, 1957, the Japanese cabinet meeting to develop a new long-term economic plan. The goal of this program is to achieve an average annual economic growth of 6.5% in 1958-1962, while seeking the steady improvement of the national standard of living, close to full employment status. GNP in 1962 than in the base year increased by about 40%, and per capita consumption expenditure increased by about 38%. The plan also contains an important resolution, that the development of Japan in 1980 after a 20-year economic outlook report.
Economic consideration will be by the end of 1959, the Japanese government set up a "long-term economic outlook for the Subcommittee. Outlook report on May 19, 1960, the Commission submitted to the economic consideration would put forward: the first 10 years, the average annual growth of the Japanese economy was 7% 5% after 10 years, and strive to Japanese national living standards after 20 years to reach the West Germany, France, the extent. Then proposed: "The long-term plan of doubling the size of the Japanese economy in the next 10 years, including gross national product, balance of payments, energy consumption, etc. everything double."
In July 1960, served as Prime Minister Hayato Ikeda, under its auspices, the new cabinet has decided to develop and implement plans to subject growth target of 9% in the first three years.
National income doubling plan "is determined in a relatively short period of time, by improving production efficiency and effectiveness of the various sectors of the national economy, significantly enhance the residents' real income level, establish a sound government income distribution and social security mechanism to achieve double the income of residents of a goal of economic and social development programs.

The pros and cons of the national income doubling plan "
On the one hand, Japan's national income doubling plan "industrial sophistication also consider the elimination of backward production capacity, merger, reorganization, build backward SMEs. National income doubling plan "stressing that" the establishment of a new industrial order, "integration of resources," rational distribution. Japan's national income doubling plan "to achieve exceed the target of about 65% of the gross national product, the actual score of 40.6 trillion yen. Deducting price factors, the real GDP and real per capita national income to achieve a doubling of the former is about six years, which is about seven years.
On the other hand, the national income doubling plan "by many economists oppose that this will add to inflationary pressures. General Japanese public also believes that the effectiveness of their income "multiplier" will be offset by inflation.
Should be pointed out here that the doubling of the national income doubling plan "does not mean a doubling of the per capita disposable income, but rather refers to the per capita income doubled, there is a big difference between the two. According to the initial plan, when the per capita national income to achieve double the per capita disposable income increased by 65% from the base period (adjusted for inflation). Therefore, in the national income doubling plan ", the per capita disposable income is not achieved doubling. Therefore, the Little Professor Lin Yixiong in Japan's postwar economic history "clear that national income doubling plan" does not really want to achieve the increase in the income of working people, but monopoly capital to maximize profits, the pursuit of capital in national income distribution The increase in the proportion of a way to victory in the game of capital and labor.
While many people believe that the Japanese "lifetime employment" may bring enterprise rigid, lack of energy and the economy continues to grow as the support of the national income doubling plan contradict. This is a misunderstanding. In contrast, Japan's internal competition does weaken, but its overall external competitiveness and overseas expansion force has constantly strengthened. Collaborative relationship between the Japanese companies to make it a whole has a very strong competitive overseas, Japanese companies currently only in China, there are more than 10,000. Therefore, the national income doubling plan "is a guarantee by the continuous growth of the GNP, while not dependent on GDP.

China how to learn from the Japanese experience
Powerful economic entity is to support the stable development of the entire national economy, an important guarantee for the people of affluence, in which the stability of the industrial structure is the basis for the development of a country's economy. And upgrading of industrial structure, but also help to increase the enterprises to increase revenue on the basis of technical upgrades to more effectively promote industrial upgrading of domestic enterprises, China's departure from the experience of Japan, production in some state-owned enterprises in the industry, business, financial combined pilot . If successful, combined with the actual situation of the country to promote them.
In the economic driving force, "to stimulate domestic demand" has been an important part of the transformation of economic development in China. Many Chinese scholars also advocate for increased revenue, expand effective demand, such as the original Japanese entrepreneurs, some of China's enterprises, experts and scholars to improve labor income has been there are dissenting voices. Therefore the urgent need for the country to promote the transformation of economic growth mode to the scientific concept of development, in accordance with the principles of economics, from a pragmatic and feasible, the operational level to push forward. From the micro level to promote enterprises to improve labor productivity, Industrial Structure at the macro level, the establishment of a new development economic model, that is, to improve labor productivity rate, in order to raise revenue for the purpose of, in order to expand effective demand as a source of growth, in order to achieve economic continued growth in order to increase revenue source, the establishment of the national economy virtuous circle between the operating system, and ultimately the country strong and rich.