National Tide 1980.

Thirty years later, in the internet age, almost every Chinese netizen who cares about the economy is used to comparing the economic situation of the People's Republic of China with that of Japan in the 1980s.

In order to learn from this experience, we can look ahead to our own economic trends and understand the current economic environment.

Therefore, everyone is familiar with the economic bubble that occurred in Japan. They basically know how comfortable life was for the Japanese people when the Japanese economy was at its peak, and how terrible Japan was after the bubble collapsed.

However, most people don't know much about the specific process and details of how this economic bubble occurred and burst. Many even believe that the Japanese real estate market collapsed as a result of the Japanese stock market crash.

In reality, although Japan's economic bubble was created by the simultaneous surge in both the stock and real estate markets, the timing of the collapses of the two markets was different.

In late 1989, the Japanese government began to raise interest rates sharply in an effort to curb asset bubbles and resolve monetary issues.

1989年5月至1990年8月，日本政府连续五次上调贴现率，直至6%。

The implementation of this liquidity tightening policy can indeed be seen as the trigger for the Japanese government to deliberately burst Japan's economic bubble.

However, the problem is that compared to the collapse of the Japanese stock market, the collapse of the Japanese real estate market was considerably delayed.

After the Japanese stock market crashed, the Japanese real estate market held up for almost a whole year.

Even during the initial decline of the Japanese stock market, the Japanese real estate market experienced a mini-boom due to capital flight from the stock market to the real estate market, causing the previously stagnant real estate market to surge again.

Of course, this is not a good thing.

The biggest downside was that it gave the Japanese people completely unrealistic hopes.

This caused many people to fail to wake up immediately, remaining trapped in the illusion that the Japanese economy was still improving and the stock market could rebound.

As a result, many people not only failed to stop their losses in time, but also became more and more trapped, with some even being repeatedly harvested by the market's sickle twice.

Another even more perplexing situation is that in early March 1990, when Yasushi Mieno, who had already become the governor of the Bank of Japan and was known as the "Heisei Oni-Hei," finally persuaded the Ministry of Finance to issue the "Regulations on Controlling Land-Related Financing" in order to stop housing prices from rising and bring them back to rationality, in order to reduce banks' financing of real estate.

Contrary to expectations, the blow ended up hitting Japanese stock market investors instead.

Not only did it fail to stop the rise in Japanese housing prices and bring prices back to a rational level, it also caused a sharp drop in real estate stocks, bringing the ongoing rebound in the Japanese stock market to an abrupt end.

This led to Japanese stock market investors who firmly believed in a market reversal and gambled their entire fortunes experiencing another period of asset shrinkage and widespread despair.

From that moment on, for several years afterward, the Nikkei 225 index never had a decent rebound.

It slid all the way down from the mountainside to the bottom.

It must be said that Japanese stock market investors are really somewhat wronged; they're the ones getting beaten up while others are putting on a show.

This blunder was so ridiculous that even Mieno Yasushi would probably be speechless and vomit blood.

In any case, it's a foregone conclusion that the Japanese stock market will once again suffer a severe blow from negative news.

So on Monday, March 5, 1990, the Tokyo Stock Exchange opened.

The real estate sector suffered a sharp decline and fell across the board due to negative news over the weekend.

Large real estate companies, especially Mitsui Fudosan, Mitsubishi Estate, Tokyu Fudosan, and Daito Construction, opened sharply lower and led the plunge, causing the Nikkei 225 index to drop 200 points within five minutes.

In the afternoon, the decline showed no signs of abating and instead continued to widen.

Because many of these declining stocks are high-weighted stocks, their decline will inevitably cause a significant ripple effect, leading to a drop in more stocks.

Moreover, the real estate industry involves too many upstream and downstream companies. Among the leading decliners, there are not only building materials companies and cement companies, but also NTT, Tokyo Electric Power Company, and ANA Airlines, which are "real estate shadow stocks".

Yes, this is a rather unique situation in the Japanese stock market.

These companies were favored by investors during the economic bubble primarily because of their land assets, rather than because of their core business.

Otherwise, these stocks would not have price-to-earnings ratios as high as hundreds or even thousands of times.

As a result, the Japanese stock market completely lost its defensive strength, and not only did it decline throughout the day, but it also plunged near the close.

Near the close of trading that day, 90% of stocks in the market fell, and the Nikkei index fell below 27000 points, a drop of more than 4%, which was a terrible sight.

The total market capitalization of the Tokyo Stock Exchange has finally fallen behind that of the New York Stock Exchange.

Needless to say, under such a crushing defeat, no listed company could remain unscathed.

EIE International, which also expanded through real estate acquisitions, is no exception.

Their stock price had already plummeted to 11,000 yen, and their market value had shrunk to around 500 billion yen, almost turning them into a small-cap stock.

This caused the stock price, which had already stopped falling, to plummet again, and it looked like it was about to break through the 10,000 yen mark.

Moreover, the previously shrinking trading volume suddenly surged on that day, which was a case of falling prices with high volume. This made even the behind-the-scenes manipulators who had been controlling the stock price decline somewhat uncertain.

Because they had originally planned to start accumulating shares at low prices in preparation for a price surge.

Tanaka Shigehiko, sitting in the financial office that day, frowned in surprise. "What's going on? The market is falling too sharply. If it keeps falling like this, it looks like it's going to get out of control! And it just so happens to coincide with our time to accumulate shares. Tell me, can our follow-up plans still be carried out smoothly?"

The others were also unsure. Kobayashi from Fukukoku Life Insurance said worriedly, "I have a feeling that we've been tricked. Is that Chinese guy playing us? If the stock price really drops and never recovers, we'll be in big trouble."

"If he dares to play tricks on this, I'll take him down with me!"

The trust company was driven almost mad by unspeakable troubles.

The main reason was that he felt he had the market under complete control recently, so he couldn't resist secretly buying some stocks at low prices using his personal account. Now he deeply regrets his greed.

"Hmm... don't rush, I don't see it that way." The market trend far exceeded expectations, which surprised Yoichi Tsuchiya as well. However, as a professional from a securities company, he was more rational in his view of the issue.

"Don't panic, everyone. Although the stock price movement has exceeded our expectations, it's not all bad. After all, we sold a lot of shares and have cash on hand. We can acquire more shares at a lower price, which means our profit margin has increased. And the market value is so low that we can definitely absorb it. What I'm concerned about is that we didn't manage to shake out many shares during our recent market manipulation. The panic selling we're seeing now should be the last batch. We can actually feel more at ease. Of course, the most crucial thing is that Mr. Ning no longer holds any shares in EIE. He's long been an outsider, yet he's still discussing asset transactions with us. What benefit would he gain if we suffered losses? So I think..."

He paused for a moment, then said, "The plan can still proceed. It hasn't affected our chances of winning, as long as the positive news we release is substantial enough and convincing enough."

"Hmm, that makes sense. Let's leave it at that for today. I'll contact Mr. Ning after the market closes and see if he has any suggestions."

Tanaka Shigehiko finally regained his composure and ordered the traders, "I trust Tsuchiya's judgment. In that case, proceed as planned: allocate 5 billion yen to buy shares at a low price." ...

"Keiko, Zezi...we're about to set off, hurry up, the road isn't short."

At the same moment that the Japanese stock market was about to close, Ning Weimin was at home urging his wife and daughter to change their clothes and prepare to go out.

He may be the only person in Japan right now who doesn't care about the ups and downs of the stock market, not only because he had long anticipated the continued market crash, but also because he had completely liquidated his stock holdings and made a huge profit.

Therefore, one naturally feels relaxed and refreshed at this time.

If you ask him how much he actually earned from the stock market, what would you say?

To put it simply, if all the leveraged financing is paid off, not counting the loans from Sumitomo Bank or the billion US dollars transferred overseas in batches from the stock market, the after-tax income currently remaining in Japan has already reached more than 240 billion yen.

That is to say, it is worth approximately $2.5 billion.

With this wealth alone, he could easily be ranked among the top ten richest people in Japan.

Although he's not yet in the top ten of the world's richest people, if you factor in his real estate income, then he certainly is.

According to Ning Weimin's own estimate, the total value of his personal assets is still incomparable to that of the current world's richest man who claims to own one-sixth of Japan's land.

Kazuaki Tsutsumi was revealed to have personal assets of $153 billion during this period, and also controlled a fortune of $1650 billion.

But his advantage lies in the fact that almost everything he owns is personal property.

If all of them are included, it would probably be roughly half the wealth of Japan's richest man.

That's already quite remarkable, isn't it? After all, he caught up with the accumulation of several generations of others in just a few years.

Such a rapid rise to wealth is undoubtedly enough for him to boast about to the world.

However, to be fair, Ning Weimin's smartest trait is that he would never do anything foolish just to show off, and he understands the principle of making a fortune quietly.

His biggest wish is to learn from those old European tycoons and become a reclusive tycoon who always maintains an air of mystery and stays out of the public eye.

Therefore, even though everyone has vanity, Ning Weimin's vanity is controllable.

Speaking of his Versailles, it's not that he doesn't have one, but he usually keeps a low profile and it's almost entirely a matter of personal enjoyment.

For example, today he's going to take his wife and daughter to the secluded restaurant in Takao Mountain—Toriyama—to explore it properly.

The joy he experienced was something few others could understand, except perhaps himself.

Back when Harunori Takahashi was eyeing his Crimson Cloud Club and Maria, the Secret Realm Restaurant was still in that bastard's hands, and it was what that guy relied on to show off.

But who could have imagined that things would have changed so drastically in just six months?

For today's Secret Restaurant, EIE offered him 22 billion yen.

This is the original price that Harunori Takahashi paid when he bought it. On the surface, the price doesn't seem to have any discount, but it's actually not that expensive.

Only the final document was about to fall into his hands.

So, in essence, this trip was basically like a king who had conquered the enemy's castle inspecting his new territory, which naturally made him indescribably excited.

On the surface, he thought the scenery there was beautiful, with plenty of food and drink, and he wanted to take his wife and children there to relax.

But in reality, it was his desire to receive the fruits of his counterattack and to have his wife and daughter witness this important moment that was most important to him.

Moreover, this trip is not without practical significance.

It's worth noting that EIE's offer to him was 22 billion yen.

This is roughly the original price that Harunori Takahashi paid when he bought this place.

On the surface, the price may not seem like there are any discounts, but it's actually not that expensive.

Because, aside from the increase in real estate prices over the past six months, the details of the assets here are somewhat different from what Ning Weimin initially knew.

It turns out that in addition to owning 6,000 ping (approximately 1,333 square meters) of land and buildings on the hillside where the restaurant is located, Takahashi also bought several shops near the bus stop at the foot of the mountain.

There are hotels, restaurants, and grocery stores.

You should know that this is almost a complete tourism industry chain.

The area near the bus stop is a place that almost all tourists going up and down the mountain pass through.

It's easy to imagine that people will stop there to rest, regardless of whether they want to take the bus or not, and will inevitably spend money there.

Ning Weimin naturally needed to take a closer look at the specific circumstances of these shops.

If these shops are suitable for use and the foot traffic is appropriate, he could easily transplant some trendy Chinese projects here, such as opening a branch of Huiwentang, a Chinese snack shop, or a pastry shop.

It's ideal to subtly let Chinese culture permeate the daily lives of Japanese people while also expanding the cultural tourism industry chain.

"We're ready. Do you think our attire is appropriate?"

Keiko and Xiao Ningze, having prepared everything, quickly came downstairs, ready to depart.

Ning Weimin was quite surprised when he saw their attire, not because of anything else, but because the mother and daughter were dressed very formally.

"What's wrong?" Ning Weimin asked, "Aren't you... being a bit too formal? We're just going for a casual stroll, there's no event going on, it's not a social occasion. There definitely won't be any reporters..."

“You can’t say that,” Keiko Matsumoto said, but she had her own concerns. “After all, that’s your future business. Dressing too casually isn’t a good idea. It will make them feel like you don’t value them, and it will disappoint the employees. Everyone wants a new boss who values ​​them, right?”

"Well..." It has to be admitted that Keiko Matsumoto does indeed have the demeanor of a virtuous wife and loving mother, and the issues she considers are not without reason.

In the end, it was Ning Weimin who hurriedly changed into a formal suit. (End of Chapter)