Chapter 585： Japanese real estate bubble

Chapter 585: Japanese Real Estate Bubble

When he came to the mirror, George transformed into the shape he had last night, and his apparition appeared on the roof of the hotel. He opened his arms and slowly flew towards the Marriott Hotel.

Looking down on the earth from the sky, everything seems small.

Those rich luxury cars and mansions, those beautiful handsome men and beauties, all seem insignificant at this time. reads(); Husband and sultry: The evil phoenix returns to the couch. Like the pictures and images in a picture album, they are remote and unreal.

But when George fell back to the ground, everything became alive again.

With feasting and busy traffic, he was like a transparent ghost, shuttled between the people. Like a ghost, like a ghost, in the downtown and hotel like no one.

In front of a suite on the 27th floor of the top floor, heavily armed security personnel were patrolling in the corridor.

Although security personnel cannot be equipped with guns, most of these tall and sturdy big men are serious retired special forces soldiers, and some have participated in real wars.

When they are equipped with stun guns, pepper foam spray, telescopic batons, handcuffs, and even bayonets. In this narrow corridor, they are no easier to deal with than police officers with guns.

What's more, they also bring well-trained police dogs. They watched the elevator and the corridor with caution, not letting go of the slightest movement. In their view, under such precautions, even a fly would be discovered by them. It is even more unlikely that anyone can escape their sight.

Fortunately, all this is for "ordinary people", and George is obviously not in the ranks of ordinary people.

He is like a transparent air, passing by these experienced security personnel, even a well-trained police dog is at a loss at this time.

The door of the suite has been tightly closed, but George has appeared in the room.

The room was clean and tidy, as it was, the sheets were neat, no one had slept, and the fruit plate on the table was intact.

The only special thing, a striking safe is placed on the coffee table in the room facing the TV.

A slightly bald, gray-haired middle-aged man was leaning on the sofa, using the remote control irritably, switching between TV programs one after another.

He switched channels repeatedly while muttering, but he was speaking in Japanese.

George used a "speaking language" and heard the man complaining.

"...I have to wait here for three days...It's really troublesome..."

The man complained for a while, stood up again, and found a few bags of bread with Japanese labels under the coffee table.

He tore open the wrapping paper of the bread and ate it with the same mineral water with the Japanese label.

The man looked at the bread in his hand with a slight disgust, and said unhappily, "I have to eat these for the remaining three days. It's really disgusting."

He reluctantly ate half of the bread, drank a little more water, leaned back on the sofa, and said in a sorrowful tone, "I really want to go home, I really want to eat tonkatsu made by Ryoko."

He looked at the safe in front of him with hopeful eyes, and muttered softly, "As long as he can sell it and get enough money, his daughter will be saved, and Ryoko will not be caught and become an actress."

Listening to the man in front of him, George slowly remembered the current situation in Japan. Japan is not at all difficult.

Japan at this time is the time of the worst economic depression.

In 1991, the bubble in the Japanese stock and property market had completely burst. During this period, countless companies closed down, and many people were unemployed and unable to find new jobs.

In the bubble, the companies and individuals who arbitrarily expanded their leverage and carried huge debts paid a painful price for their madness reads(); rebirth one of the servants and three masters. For many years thereafter, they must have been savoring this bitter fruit.

They accumulated debts at the height of the bubble, and after the bubble burst, they were unable to repay their debts.

The extreme character of the Japanese makes them intolerant of those who cannot pay off their debts. This period is the most chaotic and craziest time in Japan.

Those who are heavily in debt, in order to repay their debts, their wives and daughters are forced to shoot AV, men are desperately belly, scenes of human tragedies, are repeated after the real estate bubble.

The whole thing is actually not weird, to some extent, it is very similar to that era in later generations.

In 1985, Japan's export-oriented production model reached its peak. Japan's cheap goods have repeatedly impacted the entire world.

At this time, countries can no longer afford Japan's powerful manufacturing industry like a scourge. Japan's manufacturing industry has almost wiped out the local companies in developed countries around the world.

Workers in developed countries are unable and persevering to work hard. In order to make money, Japanese people who have no quality of life compete in manufacturing. Their manufacturing industries are in jeopardy under the impact of Japanese exports.

Workers from all over the world are protesting. The Japanese do not take vacations on weekends and do not go home from get off work They do not travel on holidays and do not spend on weekdays. They are holding back their energy to save money and exporting.

Workers all over the world were beaten by the perverted diligence and cheapness of the Japanese.

In this case, the major developed countries gave Japan two options.

One is to increase tariffs and trade protection to exclude Japan from the markets of developed countries. From the perspective of developed countries, the citizens of their countries have become accustomed to taking vacations and leaving get off work on time. They cannot compete in manufacturing with Japanese people who want money and life.

Either the Japanese change it by themselves and follow the holiday and get off work, or the Japanese will leave.

The other is the appreciation of the yen, which makes Japanese goods more expensive and allows people in developed countries to reduce imports in order to protect the local industries of developed countries.

They also confuse Japan, and the appreciation of the yen can make Japanese people rich and allow Japan to invest overseas.

Seeing these tangible benefits and looking at the fists of developed countries, Japan decisively chose to appreciate the yen.

The play of the yen's appreciation went out of control in a short time.

The Japanese failed to control their greed and greed, and the Japanese also underestimated the lethality of the sudden windfall.

The Japanese discovered that they were not really perverted, cheap, and hardworking. They don't really want to consume. They used to have no money.

After the yen began to appreciate, it doubled in only three years between 1985 and 1988.

This means that the Japanese economy, without any reason, has doubled the dollar-denominated gdp just because of the currency appreciation.

The wealth of the country’s wealth on paper doubled in three years. In this incredible, unprecedented wealth growth, all Japanese people are crazy.

(To be continued.)