Chapter 585 The Japanese Real Estate Bubble

Chapter 585 Japanese Real Estate Bubble

Coming to the mirror, George transformed into the figure he had last night, and Apparated to the rooftop of the hotel. He opened his arms and slowly flew towards the Marriott Hotel.

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

Those wealthy luxury cars and mansions, those beautiful handsome men and beauties, all seem insignificant at this time reads(); Just like the pictures and images in the album, they are far away and unreal.

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

The lights were feasting and the traffic was busy, and he was like a transparent ghost, shuttling between the people who came. Like a ghost, like a ghost, in the downtown area and in the hotel like no one else.

In front of a suite on the twenty-seventh floor of the top floor, heavily armed security personnel are patrolling the corridor.

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

When they were armed with stun guns, pepper-foam spray, retractable batons, handcuffs, and even bayonets. They're no easier to deal with than gun-toting cops in this small hallway.

What's more, they also bring well-trained police dogs. They watched the elevator and the entrance of the corridor vigilantly, not letting go of the slightest movement. In their view, under such precautions, even a fly will be found by them. It is even more impossible for anyone to escape their sight.

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

He was like transparent air, passing by these seasoned security personnel, even a well-trained police dog was ignorant at this time.

The door to the suite was tightly shut, but George had already appeared in the room.

A clean and tidy room, untouched, the sheets are neat, no one has slept, and the fruit plate on the table is also untouched.

The only special feature is an eye-catching safe, which 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, irritably using the remote control to switch one TV program after another.

While changing the channel repeatedly, he muttered, but he spoke in Japanese.

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

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

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

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

The man looked at the bread in his hand with 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 water, leaned back on the sofa, and said in a somber 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 I can sell it and get enough money, my daughter will be saved, and Ryoko will not be caught as an actress."

Hearing the words of the man in front of him, George slowly remembered the current situation in Japan. Japan is not at all difficult now.

At this time in Japan, it was the time when the economic depression was at its worst.

By 1991, the bubbles in the Japanese stock market and property market had completely burst. During this period, countless businesses closed, leaving many people unemployed and unable to find new jobs.

Enterprises and individuals who were indiscriminately expanding their leverage in the bubble and carrying huge debts paid a painful price for their madness reads(); one of the three masters of rebirth. For many years after that, they must have been tasting this bitter fruit.

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

The extreme character of the Japanese,

Make them intolerable for those who cannot pay their debts. This time is the most chaotic and crazy time in Japan.

For those who are heavily in debt, in order to repay their debts, their wives and daughters are forced to make videos, men are forced to belly, and scenes of human tragedies have been staged repeatedly after the real estate bubble.

The whole thing is actually not out of the ordinary, in a way, very similar to the era of later generations.

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

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

Workers in developed countries cannot compete with the Japanese who are persevering and diligent, desperate for money, and have no quality of life to compete in the manufacturing industry. 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, do not go home after get off work, do not travel on holidays, and do not consume on weekdays. They are eager to save money and to export.

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

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

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

Either the Japanese will change it by themselves, and they will also go on vacation 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 ordinary people in developed countries to reduce imports in order to protect the local industries of developed countries.

They also bewitched Japan. The appreciation of the yen can make the Japanese rich and allow Japan to invest overseas.

Seeing these real benefits, and looking at the fists of developed countries, Japan decisively chose the appreciation of the yen.

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

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

Only then did the Japanese realize that they are not really perverted, cheap, and hardworking. It's not that they really don't want to spend, they really had no money before.

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

This means that Japan's economy, for no reason, has doubled in dollar-denominated gdp just because the currency has appreciated.

The wealth of the entire country, on paper, has doubled in three years. With this incredible, unprecedented increase in wealth, all the Japanese are going crazy.

(To be continued.)