Chapter 586： Man in debt

Chapter 586

The poor and scared Japanese have never seen so much money, and never made so much money so easily. ,:.

Nothing, no reason, just because of the exchange rate changes, within three years, everyone's assets have doubled.

The rapid appreciation of the yen has brought about a collective increase in the wealth of Japan, and attracted global capital speculation, which has set off more chain reactions, and housing prices have started to go crazy.

Everyone does nothing, and the value of their assets is increasing at a rate of more than 30% per year. There is nothing more crazy than this.

This kind of crazy quick money, this kind of sudden windfall, made all Japanese people crazy.

They are perverted cheap hardworking workers who don't consume and save money in developed countries, and they turn into "buy, buy, buy" shopaholics all the way.

Every Japanese is crazy "buy, buy, buy", they only buy the expensive ones, not the right ones.

Ordinary Japanese buy a lot of houses, cars, and famous brands. Large Japanese companies buy buildings, land, and businesses. They even bought the iconic American building, Rockefeller Center.

House prices in Japan are the same every day, buying in the morning and rising in the afternoon, buying in the afternoon and rising late.

With the increase in housing prices, the wealth of the Japanese is rapidly expanding. In its heyday, even the whole world is exclaiming that selling Tokyo can buy the entire United States. A small district in Tokyo can buy a small European country.

The appreciation of the yen is like a terrible monster. Once it is released, all Japanese people are crazy, including the leaders of Japan. If the leaders don't do anything, their approval ratings will rise.

Relying solely on exchange rate growth, the Japanese did nothing and suddenly entered the best golden bubble era.

The yen has been rising, housing prices have been rising, and banks have gone crazy. Banks will extend loans based on the current income of these people multiplied by the next few decades.

Money is just like coming out of thin air. Companies use the money to recruit, and the company is playing forever. Land kings frequently come out, and construction sites are endless all day long.

The stock market, the property market, the exchange rate, everything is going up soaring. Everyone is making a fortune, everyone’s wealth is growing, and no one is losing money. This is the best golden bubble period.

With the extremely prosperous economy, the Japanese have changed from a perverted ‘door’ to a global shopaholic.

They are all over the world, carrying on the most luxurious travels. Luxury stores in the United States and Europe were all taken over by Japanese with huge sums of money. Wherever the Japanese go, they buy it all the way.

In those countries, there have even been robbers who specialize in ‘door’ robbing of the Japanese, because the Japanese are all famous brands and carry a lot of cash with them.

LV handbags, Armani clothes, luxurious sports cars, expensive watches, and luxury shops in various countries are full of Japanese. The clerk of luxury goods hired employees who can speak Japanese for the ‘door’, and added a Japanese explanation for the ‘door’.

The major tourist attractions are full of Japanese people, and Hawaii has become a ‘private’ swimming pool for the Japanese.

This feast of wealth is both long-lasting and short-lived.

The feast of wealth lasted so long that the Japanese almost bought the world. The feast of wealth was so short that the Japanese had not yet reacted to the bubble, and they returned everything.

The Rockefeller Center bought at a high price was returned at a low price. The houses, cars, and businesses bought at a high price have all become liabilities.

As the Japanese bought and bought all the way, Japan exported through manufacturing, and the foreign exchange accumulated over the years quickly became stretched.

High housing prices have led to a sharp increase in manufacturing costs in Japan. The sharp appreciation of the exchange rate has brought the price of export commodities to rise exponentially.

Soon, Japan’s exports collapsed, and Japanese manufacturing collapsed.

At the same time, with the collapse of Japanese exports, the collapse of Japanese manufacturing. Japan’s golden age finally began to burst at the top of the bubble.

Nothing can rise to the sky, and all the investment, when flying to the sky, finally found that it was only a fragile bubble under my feet.

The stock market was cut in half, and the stock market fell by two-thirds from its peak.

The property market is cut in half, and Tokyo's housing prices, which are almost impossible to fall, are cut in half.

Tokyo is a very hot and hot city, this is a city that gathers the richest people in all of Japan. This city that controls education, medical care, finance, and employment, and the capital city of Japan's economic and political center, has cut its housing prices in half.

One can imagine how far the Japanese economy is at this time. During the bubble period, most of the senior middle class who bought houses and the rich class became negative equity.

The price of real estate in Yuzawa Town, Japan’s hot ‘door’ holiday apartment, has even fallen to one-twentieth of the highest point. Some old houses, in order to avoid maintenance fees, property fees, even sold at zero price.

If it must be compared, it is the scene that later generations of capital housing prices may only see.

And this year, Japan’s exchange rate continues to rise, and continues to rise in this terrible economic crisis.

With the continuous doubling of the exchange rate, Japan’s exports have completely collapsed.

In such an era those Japanese who were in debt during the bubble period sold everything they could sell, and sold children and women.

It is not easy for this person to persist until now.

The middle-aged man took out a cell phone, and the old Nokia cell phone was a little stripped off, showing that this man's financial situation is not good.

He entered a number on the phone. He stared at the screen of the phone fiercely, and after hesitating a few times, he finally failed to dial the number.

"Bell, bell, bell!"

At this moment, his cell phone rang suddenly, and the middle-aged man stood up in a humble manner and connected the phone in a humble tone.

"Ryoko, it's dad, Miki Tomiya."

"Ryoko, why did you suddenly think of calling Dad?"

"Oh, miss dad, dad miss you too. Are you bored in the country?"

"Boring," the man was silent for a while, and said in a loving tone, "Dad will be back soon, and I will pick you up and mom back to Tokyo."

"You said you don't want to go back to Tokyo. There is a strange uncle in Tokyo that scares you?" The man showed an uncomfortable expression on his face, and his tone was a little trembling, "Oh, then we will move to a good neighborhood and go Is it okay to be friends with good neighbors?"

"Okay, Ryoko is so good. By the way, Ryoko, how is mom today?"

"Mom is still crying, Ryoko must be obedient, Ryoko is already a big girl, take care of her mother."

"Well, Ryoko is the best, and my dad also wants to eat grilled fish made by Ryoko. My dad has already eaten, and my friends in Hong Kong invited my dad to a big meal. Ryoko and mom should also eat well at home."

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