Chapter 1318 317 Lack of Investment Syndrome

Along the way, William White has also been thinking about the direction of California's high-speed rail. It makes no sense, the Germans are more technologically advanced, and from a security perspective, they seem to be very powerful. But again, what suits you is the most suitable.

Of course, this guy came to Japan with great fanfare, definitely not for the high-speed rail technology. There was a lot of money in my pocket, and seeing that the Internet bubble was about to burst, White Investment once again stepped up its selling efforts. In William White's view, this bubble seems to be about to collapse.

There is no way to watch the current financial channels. It seems like there are miracles everywhere. In the eyes of ordinary American people, there seems to be no need to make a fuss even if a few more William Whites appear.

"Shinsaibashi?"

"Yes, boss, the busiest business district in Osaka." After dinner, William White declined the company of the Japanese officials. In fact, they had no interest in it. The American negotiating team was here, and these guys were what they needed. Headache.

"Sure enough, the scenery is different from that of Ginza." Looking at the obviously smaller building, William White felt a little pained. In the opinion of William White, these Japanese buildings are indeed a bit obscene. Tell me, why are you crowding all these buildings into one pile? Tokyo is better, and the Bay Area still has a bit of a metropolitan feel, but Osaka always has a depressing feeling.

After taking stock of what he had brought along, William White was shocked to find that even he didn't seem to know what to invest in Japan.

During the bubble economy, projects that could stimulate economic development were basically exhausted. Not to mention infrastructure, there is already serious duplication of investment. From highways to high-speed rail, everything worth building has basically been completed.

"Fujita, if I give you ten trillion pills, what can I invest in Japan?"

Well, Fujita had seen some of the world and was shocked by William White's words. Damn it, if this is bubble crisis money, although it is terrible, it will not be like it is now.

"There is no way, let alone investment, even hedging is not enough. Now inter-bank lending has basically stagnated. In such an environment, the larger the investment, the harder it is to make it."

"Stagnation?" William White stopped and looked at Fujita with interest.

"What do you mean? Please tell me carefully."

"Little meatballs for ten people."

Watching this guy ordering a bunch of octopus balls, Fujita's head was filled with black lines. Damn, boss, can you be more reliable? A group of guys in suits and ties are surrounding this stall. They thought it was a club collecting money.

Sure enough, the guy selling the small meatballs was a little shocked. But there was only surprise. William White handed over ten thousand pills, and the guy had no other ideas.

Even though William White is no longer young, he will never be full when facing the banquet of small Japan. Although there are dozens of dishes at every turn, this thing is similar to feeding a cat, which is just for fun.

Of course, the octopus balls are also useless, which is something he often sees his daughter eating. Out of curiosity, he will try it himself today.

"Boss, before this, inter-bank lending was very frequent. With a deposit of 100,000 yuan, they dared to do business of 1 million yuan or more.

But with the collapse of the real estate bubble, the amount of collateral held by banks has shrunk significantly. That's not all. The current problem is that no one is willing to accept real estate or land as collateral, whether it's a loan or a loan. "

Today's William White is not the Wu Xia Amon in his previous life. He understood Fujita's words as soon as he heard them.

Including the Rabbit Country in later generations, although the whole world is avoiding this topic, what is helpless is that no matter how high-sounding your reasons are, the financial attributes of real estate cannot be deprived.

Housing is not subject to speculation, this is just a pipe dream. Worldwide, apart from real estate, the most common collateral seems to be securities.

The current situation in Japan is that real estate and land have lost their financial attributes, which is terrible. As we all know, during the craziest era of the Japanese bubble, just one land price in Tokyo could buy land in four countries in the United States.

As for now, it is enough to suffer a 70% drop in house prices, but the problem is that it is useless even if the house price drops by 70%, and the banks still don't buy it. You know, if you mortgage your land and house in 1990, the bank will give you a loan of up to 110%. Now, let alone the valuation rising by 10%, no one is willing to accept the mortgage if it falls by 70%.

Therefore, Japan is now a pool of stagnant water. Bubbles may be illusory, but shrinking valuations are not. After all, a considerable portion of land and real estate has actually been capitalized.

"Fujita, I know what you're saying. The only thing I don't understand is that it's been so many years. It should have ended long ago, right? It's time to clean up and make a comeback. What's going on with this half-death situation now?"

Fujita was speechless, haven't you seen that all the officials in the Ministry of Finance have changed?

The conglomerates and officials are fully aware of the wretchedness of Japan's banks. They are actually waiting. As long as the prices of land and real estate stop falling and rebound, the market activity will naturally increase.

Isn’t this the Asian financial crisis coming again?

The government has no money to save the market and calls on these banks to let go of blood to save themselves. If the yen really collapses, everyone may be knocked back to their original shape.

Unfortunately, the bank refused. It was also at this time that the Ministry of Finance discovered a problem. One of the most important responsibilities of this Japanese institution is to supervise financial institutions.

"They dared not speak out and had to help the bank cover up the truth. Unfortunately, they waited for the worst moment."

"Damn it, so they still have money to lend me? These bastards are not fooling me, right?"

Fujita smiled bitterly, it was not a matter of lack of money. Japan's savings rate continues to increase, and many people are moving their savings to larger banking institutions out of fear of bank bankruptcy. Therefore, big guys like Mitsubishi Mitsui are not short of money. On the contrary, the huge bank savings give these guys a headache.

Of course, William White doesn't care whether these guys die or not. The only thing I'm curious about is why Buffett doesn't come to invest. In Japan right now, you may not be able to explain the problem with just a word of fear.

"Okay, when we return to Tokyo, help me make appointments with those chaebols.

I think this is the best opportunity for us to fill the last shortcoming in Asia. "

"Um, boss, what are your plans?"

“White Plaza and White Center can be launched simultaneously in Japan.

Fujita, have you forgotten that I am also a real estate tycoon. "

Not only Fujita was inexplicably shocked, but even Philson was dumbfounded. For those who didn’t know, I thought this guy’s brain was damaged by eating the little meatballs.

Faced with the astonishment of the two people, William White did not explain anything. What can he say? There are many real estate crashes in this world. Generally speaking, a 30% discount is the end. This is the worst kind, and usually it’s not that bad.

Japan can't be worse now, so why should there be any hesitation? Even though it is impossible to make huge profits that exceed the income of ordinary bonds, it is not difficult.

In this case, how about playing the role of savior. At the very least, it can reduce the hostility of some people.

You see, although my brother sucked a lot of blood from you, he will be rewarded. In other words, I don’t want to kill the pig right now.