Rebirth Tokyo 1986

Chapter 176 Who is the real bubble?

As time approached 8 o'clock in the evening when the banquet was officially about to begin, the important guests arrived one after another.

In the business world, Toyota President Shoichiro Toyoda, Sony Chairman Akio Morita, Panasonic Chairman Konosuke Matsushita, Kyocera Chairman Kazuo Inamori...

In politics, former Prime Minister Fukuda Takeo, current Prime Minister Nakasone Yasuhiro, future Prime Minister Noboru Takeshita...

As well as the decision-makers of chaebols such as Mitsui, Mitsubishi, Sumitomo, and Yasuda.

Masato Takeshita did not dare to neglect any of them. His waist became sore and his smile became stiff.

However, thinking that these people were paying money to help him make money, the young man's mood suddenly improved and he became energetic again.

After a few polite opening remarks, Masato Takeshita simply opened the PPT and got straight to the point.

"The first is the No. 2 fund, the Rat Fund, which opened in February this year with an initial capital of only 1 billion yen. The first transaction was NTT, which was listed in February. It was successfully withdrawn in April with a profit of over 500 billion yen."

"The Rat Fund then continued to invest in the Japanese stock market, and successfully cleared out its position and withdrew unscathed during this round of stock market crash caused by the United States."

"Finally, after eight months of development, the current fund size of the Rat Fund has reached 8 billion yen."

When trading NTT stocks, Masato Takeshita was worried that the bubble would burst soon, so he did not dare to go too extreme.

Things are different after the NTT speculation. Knowing that Japan's stock market had been soaring before the October stock market crash, it is natural to add more leverage.

The stock market did not disappoint his expectations, and the scale of funds expanded by about 3 times.

If calculated from February, it is equivalent to earning more than 2% profit.

"Hiss, so exaggerated."

"I didn't expect that several newspapers were still too conservative."

"Yeah, I thought it would be at most 1 times."

Except for the insiders of Xinghai Investment, no one could have imagined that the Rat Fund would grow so fast.

Even mainstream Japanese media such as Asahi, which have more information.

The released profit growth rate is also more than half lower than the actual one.

This is simply a money grab. Those bigwigs who once had the opportunity to invest are now regretting it.

As for Waseda University, Industrial Bank, NEC, etc., those friends who invested in them just for the sake of Masato Takeshita's face almost smiled to their hearts' content.

It's so cool. It's so cool.

Masato Takeshita looked at the scenes of sighs, sorrow, ecstasy, and suppressed laughter below, and felt extremely relaxed.

At the same time thinking in my heart.

With such great results, what else are you thinking about? Invest now.

Although he was extremely anxious, his tone was still not hurried at all, and he was still so excited and confident.

"You might think, a fund is nothing, who doesn't have a good meal?"

After asking a question in return, Masato Takeshita answered his own question amid everyone's expressions of approval.

"Yes, I think so too."

“One fund isn’t obvious enough, so what about three funds?”

"This is the profit chart of the two funds, Ox and Tiger, which we established about half a year ago."

As Masato Takeshita spoke, he opened the PPT interfaces of the two funds.

"Hey, this one is not bad either, it has a growth rate of more than 3 times."

"Yes, in half a year, the price skyrocketed from 1000 billion to nearly 3500 billion. No wonder it was able to escape the stock market crash perfectly."

"Nice!"

“Haha, I made money.”

Although the Ox and the Tiger are not as exaggerated as the Rat, many investors still make huge profits compared to other funds.

Even if the fund's dividends and various taxes are removed, each investor will at least receive more than twice the profit.

Toyoda Shoichiro looked at Takeshita Masato, who was in high spirits on the podium, and said with some surprise: "This is amazing! It's much better than my company."

The Toyota Group, which is controlled by the Toyota family, has professional financial investment institutions and even makes more money than its core automobile business.

But overall, due to its more conservative management, it makes money much slower than Xinghai Investment and can only barely keep up with the rising speed of the stock market.

However, this is already very good in the organization.

According to statistics, most financial companies cannot outperform the stock index.

The 28th divide in the financial industry is particularly serious.

This is an industry where most people lose money, a few people break even, and a very few people make money.

The same is true for hedge funds.

Shoichiro Toyoda is very excited now.

He originally just wanted to invest a little bit to diversify his investments.

But seeing how much money Xinghai Investment was making, he immediately increased the set figure five times, to 5 billion yen.

Sony's Akio Morita was also moved. After hearing President Toyota's remarks, he agreed both in his heart and in words, and was prepared to increase the scale of his investment.

"Yeah. I didn't expect that my junior is so good at investment."

Yoshiaki Tsutsumi, who was standing next to Akio Morita, smiled and responded, "This may be the power of genius."

The unexpected surge in the three funds greatly attracted the investment enthusiasm of the guests present.

Everyone took out their seals and signed a draft agreement with Xinghai Capital.

However, this time, the conditions for the three funds, namely Rabbit, Dragon and Snake, are not as good as before.

There is no longer a minimum guarantee for the fund's dividends, which are all 50%.

Management fees have also increased significantly, directly increasing to 5% of the funds held.

But even so, everyone is still very enthusiastic.

After removing some unqualified ones, each new fund will have a size of 6000 billion yen, equivalent to 42 billion US dollars.

After the funds were received, Masato Takeshita did not delay and immediately held a meeting to discuss the use of the funds.

"President, are we still going to bottom-fish based on the model of the previous three funds?"

"No, we will continue to hold a large position in the Japanese stock market, and we will only buy Microsoft in the U.S. stock market."

The stock market crash in 1987 was extremely intense in a short period of time.

Taking the U.S. stock market as an example, the stock market fell by more than 20% on the day the crash broke out.

A direct loss of 5000 billion US dollars is almost equivalent to one-eighth of the wealth of the United States.

Big companies were hit hardest.

General Electric fell 33.1%, AT&T fell 29.5%, Coca-Cola fell 36.5%, and American Express fell 38.8%.

But this time the stock market crash recovered particularly quickly.

U.S. stocks quickly regained their lost ground and major companies returned to normal levels.

So on the third day after the stock market crash, Masato Takeshita directed his company employees to purchase large amounts of shares of leading Japanese and American companies.

But now the opportunity is gone.

He certainly would not waste his money on U.S. stocks whose growth is far slower than that of Japanese stocks.

"Yes, President!"

Jia Benlong was sitting in a chair. He nodded respectfully and then quickly wrote it down.

"and many more."

Masato Takeshita suddenly thought of a better investment hotspot.

"Hi!"

"Well, forget it."

But after thinking about it, the investment scale of the new place is relatively small, so it would be better to keep this place to our own people.

It is said that the Japanese stock market bubble was huge between 1985 and 1990.

In fact, compared with the crazy Taiwan stock market, the Japanese stock market appears to be relatively conservative.

The Taiwan stock market has soared 5 times in just five years, with the stock index climbing from more than 20 points to more than 500 points.

In 1988 alone, the Taiwan stock market grew almost fourfold.

The stock index quickly soared from more than 2000 points to more than 8000 points.

This unreasonable growth soon aroused the vigilance of the Taiwanese government.

To this end, the Taiwanese government specifically introduced regulations to target the overheated stock market and began to impose taxes on stock transactions.

The effect was particularly good at the beginning. The stock market was cut in half, falling to more than 4000 points.

But soon, Taiwanese people fell into frenzy again.

The stock index once again rose from more than 4000 points to a peak of more than 10000 points.

At its peak, the market value of a local bank in Taiwan was .

It is actually higher than the combined market value of Wells Fargo, Citigroup and JPMorgan Chase.

Therefore, for current investors, this is a land with even greater profits than Japan.

Although the price of Taiwan stocks has increased dramatically, the market share is limited after all, so Masato Takeshita is only prepared to invest 1400 billion yen, that is, 4 3 solar terms funds invested by company employees and 200 ci tune funds invested by himself, each with billion yen.

This way everyone can make money, and it will also be more convenient to withdraw in the future.

Speaking of which, there was the Japanese bubble era from 1985 to 1990.

The growth rates of the stock markets in Hong Kong, Taiwan, South Korea and Singapore, the four Asian tigers, are far higher than those in Japan.

But in the end, only Japan fell into a situation of no recovery.

There are four main factors here.

Two internal factors and two external factors.

The first internal cause,
After the Japanese bubble burst, many companies were heavily in debt, leading to a sharp drop in investment.

Even if you know that the chance of success is very high, you will still choose to give up considering the possibility of failure.

This conservative economic development strategy is very unfavorable to economic development.

The first internal cause,
The Japanese government is in turmoil.

If the Japanese government is stable and efficient, and its policies do not fluctuate, it will be decisive in removing the cancer and curing the disease.

Given Japan's size at the time and its strong support for emerging industries, it would not have remained in a slump for 40 years.

To give a simple example, the Japanese government knows that the semiconductor industry is the future, but it is still stingy in providing aid to the industry.

As a result, in the 21st century, only upstream materials remained in Japan's semiconductor industry.

Upstream materials are indeed important and very profitable, but they are limited in scale and will never become a national pillar industry.

If it were South Korea, the government would definitely support it with all its might.

Isn't it just that the debt is serious?

It doesn’t matter at all. The country supports your continued development.

South Korea's chaebol companies such as Samsung and Hyundai are completely supported by the South Korean government.

South Korea's GDP is growing so fast that its per capita GDP even shows signs of surpassing Japan.

The South Korean government deserves credit for this.

It can be said that the government’s inaction is also a major factor in Japan’s economic stagnation.

But even so, Japan had several opportunities to escape stagnation before 2010.

The first was the Internet PC era from 1995 to 2008.

The first was the mobile Internet era from 2008 to 2020.

Unfortunately, Japan did not seize either of these two historic opportunities.

Even the most basic instant messaging business is dominated by products from Korean companies.

One word,

Absolutely!
As for external factors,

the first,

After the collapse of the Soviet Union, Japan became the world's second largest economic power, posing a serious threat to the United States' economic status.

In order to suppress Japan, the United States began to use various means.

For example, supporting Taiwan and South Korea to compete with Japan.

The effect is very good. The semiconductor industry, which was once at its peak, has gradually been divided up by South Korea and Taiwan.

The once powerful shipbuilding industry was gradually crushed by South Korea.

Even the most powerful automobile industry faces fierce competition from South Korea.

It can be said that before the establishment of the European Union, Japan was the number one target that the United States tried desperately to suppress.

And even if the European Union is established, Japan will be strictly guarded by the United States.

It was not until the rise of China that the United States gradually relaxed its vigilance against Japan.

The second external factor is the lack of deep involvement in China’s rise.

After 1992, China's economy began to grow rapidly.

South Korea and Taiwan basically relied on mainland China to get out of their predicament.

If Japanese companies focus on developing in China, Japan will most likely be able to get rid of its economic difficulties.

Especially in the semiconductor industry, China is the largest consumer.

As long as we can gain a foothold in China, it means we will have a place in the world.

Of course, Japan's long-term economic slump is also due to its size.

Japan has a population of over 1 million, while South Korea, the closest among the Four Asian Tigers, has a population of only 5000 million.

The population gap between the two sides is too big.

South Korea can rise with just two or three industries, but Japan cannot.

"Well, don't think too much about it. After the bubble burst, Japan's investment trend is conservative, which is the best."

While others are conservative, only Masato Takeshita, who invests aggressively, has the opportunity to capture more emerging markets.

Of course, it's all too early.

At present, Masato Takeshita's focus should still be on the financial field.

As for other areas, just keep up with the times for the time being.

The investment in the three new funds went smoothly, and Xinghai Investment suddenly became relaxed again.

Masato Takeshita then turned his attention back to the Star Ocean game.

Because Rogers is back.

The young man touched the contract and said to himself, "Is this the contract between us and Nintendo?"

"Yes. There are two contracts in total."

Rogers nodded, and then reminded softly:

"President, the document you are looking at now is the contract between Xinghai Games and Nintendo FC game consoles."

"Oh, it's only 500 yuan. President, you did a great job."

I don’t know what tricks Rogers used, but Nintendo didn’t even make up for it in the console contract.

Not only can the game cartridges be independently produced by Star Ocean Games, but the platform fee required to be submitted for each copy is also less than what was said over the phone.

You have to know that even Capcom charges a platform fee of 700 yuan for each cartridge.

"Soviet Cube" is awesome, and Rogers' negotiation skills are equally awesome.

"It's mainly because Soviet Cube is so popular."

On the first day, "Soviet Tribe" sold 40 copies.

As a result, the game was still being sold the next day, but the price was only reduced by 2 copies.

This data is simply invincible, and Nintendo has to give it some face.

"That's because the president is a good negotiator. If it were me, I'd be lucky if I could get 1000 yen."

Masato Takeshita is very bad at business negotiations.

If you don’t have someone to help you, you will definitely be the type of person who will have to help count the money after being cheated.

"really."

Rogers nodded in agreement at first, but quickly changed the subject.

"But these are just minor details. The most important thing for the president is to manage people well."

"Besides, isn't this the meaning of our existence?"

Managers around the world are very good at flattery.

Masato Takeshita suddenly felt very comfortable, and then said half-jokingly and half-seriously.

"No wonder you can become friends with President Yamauchi, your language skills are really strong."

Hiroshi Yamauchi has a fierce face and looks very much like a gangster.

It is difficult for ordinary people to become friends with him, let alone get along with him on a friendly basis.

Compared with the first contract, Masato Takeshita did not attach as much importance to the second contract.

In terms of handheld game consoles, Star Ocean Games has the upper hand, so it is only natural for it to get this condition.

Considering that we are making our own handheld game console, there is a high probability that our console games will be rejected by Nintendo's Famicom.

Only then did Masato Takeshita give up this piece of fat meat.

After reading the contract, Masato Takeshita smiled and handed Rogers a document.

"Yes. Haven't you always wanted to buy shares of the Rat Fund? This is an opportunity."

"An investment project for all employees of Xinghai Games?"

"That's right, not happy."

(End of this chapter)