Early in the morning, Kitahara Shuji got up, sat on the bed for a minute, then washed up, went out to find an early riser and asked where the nearest park was, and the answer was that it was at the back of the building......

He wanted to go to the morning exercise, but he didn't expect to get such an answer, so he went out of the main building and went around to take a look, and found that Kaguraya was bigger than it looked on the surface, and it was much bigger.

The main entrance of Kaguraya looks inconspicuous, and the front yard is also very small, which is a general Japanese-style garden, but there are miniature golf courses, parks, cemeteries and other facilities behind the building, and the whole is a fusiform shape, which is difficult to find in a residential area, which really explains what it means to have meat on the face of sheep.

Kitahara Shuji walked around while running in the morning, feeling outrageous, and after running a lap and sweating slightly, he saw Kagura Jizuna walking with his head down from a distance.

He took the initiative to say hello: "Good morning, Mr. Kagura." ”

Kagura Jizuna looked up and saw that it was him who was a little surprised, but immediately smiled and said, "Good morning, Kitahara-kun." ”

Kitahara Shuji smiled and nodded, not planning to hinder his early morning workout - it felt like for his age, a walk in the morning was probably a morning exercise, or he was thinking about something big, which would be even more inconvenient to disturb.

He was just about to go back, but Kagura Jitsuna beckoned and asked, "Do you have time, Kitahara-kun, do you have time to walk with me, an old man." ”

"Okay!" Kitahara Shuji was a little happy, thinking that Kagura Jizuna still wanted to talk about the unfinished topic of last night, so he walked over quickly, but Kagura Jizuna seemed to be just planning to find someone to accompany him, so he walked slowly in the cold wind without saying a word.

He took Kitahara Shuji around again, Kitahara Shuji sweated gone, but his sweat came out, and reflecting the light of the morning light, Kagura Jizuna stretched his waist and sighed: "I'm really old." ”

Kitahara Shuji smiled, "Your body is already very good. ”

He estimated that Kagura Jizuna would be seventy years old or higher, but he actually looked like he was in his sixties, and his health was really good, anyway, it was better than Fukuzawa Naotaka, who was less than fifty years old but looked like he was in his sixties.

Kagura Jitsuna smiled, didn't say anything more about the topic, turned his head to look around, and asked, "Do you still like it here?"

Kitahara Shuji smiled: "Of course, this is very large, and the environment is also very good. ”

"This is a gift of the times. Kagura said with a smile, "The house and land here are now valued at 8.5 billion yen, but when I started it, it only cost less than 1.2 billion yen. ”

Tokyo is a big deal, and Setagaya is the essence of Tokyo, a standard rich area, one of the highest housing prices in Japan, Kitahara Shuji knew that such a large piece of land could not be cheap, but he didn't expect it to be exaggerated to close to 10 billion yen - this is equivalent to the entire assets of an ordinary listed company.

He is now leading a group of salted eggs from the Fukuzawa family to make money, and he has a net income of almost tens of millions of yen a year, which feels quite powerful, but it is still far from the real top class - even if he earns 100 million yen a year, it will take 85 years to own such a house, and Kagura Jizuna will definitely not have only this one room and one piece of land.

However, his focus was not on the price, and he asked softly, "You bought it after '91?" During that time, Japan's real estate collapsed and the social class was reshuffled.

Kagura Jizuna seemed to recall the past, and there was a bit of confusion in his eyes: "That's right, it was that time. ”

"The original owner......"

"Dead. Kagura Haruka pointed in the direction of the cemetery, "I built a small Buddhist hall for him there." ”

"That's it......" Kitahara Shuji nodded lightly, he had read the introduction of that period on many materials of the Eastern Union, and it was a little regrettable that he could not go back to that time and experience the stormy waves of the times in person.

Kagura looked at his expression and asked with a smile, "Do you want to hear what I, an eyewitness, think about that era?"

Kitahara Shuji perked up: "Of course, if you don't mind. ”

This is a living fossil of Japan's economy from revitalization to collapse, and it is of course a great gain to listen to such a person talk about it in person, at least to satisfy curiosity, and it would be better if I could learn some experience by the way.

"Let's talk about it over there!" Kagura Ozuna seemed to be a little dissatisfied, and took the initiative to take the lead in strolling around, walking not fast or slow, thinking for a while, and said with a complicated expression: "It was the best era in Japan, and it was also the worst era in Japan...... For me, it's the best of times, and for the losers, it's the worst of times. ”

Kitahara Shuji didn't speak, feeling that Kagura Jizuna could have today, and he was able to jump from the grassroots to the top, creating a legend, thinking that it was a great benefit from the turmoil of the times - the times make heroes, I don't know if I have that opportunity.

Kagura Osatsuna said it slowly:

"Many people think that the Japanese economy was crushed, and from the perspective of those who come after them, they think that it is the reason for the Plaza Agreement, or that it is the cause of the Americans, but from my experience as someone who has witnessed it, it is not, the Japanese economy is dead. ”

"Japan's economic revitalization began with the baby dividend, and there was a period of fertility shortfall after the war, which was the baby boom. The baby boom has suffered a generation, but it is also this generation that has laid the foundation for economic revitalization. In addition to work, it is work, in order to support the family, the labor cost is extremely low, and in order to survive the family, you can only obey unconditionally and endure all kinds of harsh environments...... This is the old-fashioned and boring Showa middle generation in your generation. ”

At the same time, the world pattern is turbulent, the two powers are vying for hegemony, and local wars in Asia are continuous, but Japan has US troops stationed in the controlled stage, and there is no army, which looks miserable, but because of this, it has no ability to get involved in any external events at all, and it has become a natural haven for capital, and since then there has been a large inflow of foreign capital. ”

"Subsequently, the big countries across the sea made the decision to reform the economy, but at that time they were waiting to prosper, all materials were extremely scarce, and they did not even have the production capacity of household appliances, so we exported high value-added household appliances to Japan, and got unimaginable returns, expanded the scale of enterprises, and had the capital to do all kinds of sophisticated research, so that we had the capital to challenge the United States in the economic world. ”

As he spoke, Kagura Osatsuna took Kitahara Shuji out of a corner gate, and Kitahara Shuji looked around with some vigilance - why did this come out? Although I don't know how much your specific net worth is, but just by virtue of the house you live in, you are eligible to be kidnapped, is it appropriate for you to sneak out of the house with me and escape from security protection?

But he looked at Kagura Jizuna's expression and found that he didn't feel anything, and he was still immersed in memories, feeling that he didn't seem to be the kind of person who didn't care about his own safety, so he didn't speak, and still listened - even if Kagura Jizuna really had a stupid brain and ran around alone, with him, seven or eight gangsters came to give people heads without guns, so there was nothing to fear.

He listened to Kagura Osatsuna continue to speak, "At that time, the whole of Japan was crazy, and the strong export of industrial products suppressed the local manufacturing industry in the United States, forcing the United States to force Japan to sign the Plaza Accord to protect its domestic enterprises from a wave of large-scale bankruptcies due to lack of orders, but in the next five years, Japan's economic growth rate was still higher and higher year by year, so I do not think that the Plaza Accord and the Americans were the main cause of Japan's economic collapse. ”

"In those five years, the stable investment environment brought about by Japan's lack of armaments, the vigorous market brought about by China's reforms, the rigid demand for housing brought about by the baby boom, and the frenzied influx of overseas funds into the investment market due to the sharp depreciation of the dollar expected by the agreement, completely convinced everyone that Japan will replace the United States as the new hegemon of the world economy!"

"But everyone forgot one problem......

Speaking of this, Kagura Jitsuna stopped talking, and Kitahara Shuji hesitated for a while, feeling as if this question was to test himself, and after thinking about it, he said: "Japan is already small, and the population is still too concentrated?"

Kagura Jizuna glanced at Kitahara Shuji, smiled and asked: "That's right, the country is too small, the core land is less, and it will rise as soon as you buy it, and the real estate valuation in Tokyo at that time could buy the entire United States, but Japan's GDP is only half of that of the United States, so what do you think will happen?"

Kitahara Shuji muttered: "Japan's economic revitalization is to rejuvenate the country through scientific research and manufacturing, and the soaring housing and land prices will attract a lot of capital and squeeze out the share of funds that originally belonged to the manufacturing industry?"

Kagura Osatsuna smiled with relief and continued:

At that time, investing in real estate was much more time-saving and labor-saving than spending a lot of money on scientific research and pursuing excellence in manufacturing export goods, and the financial statements were good-looking. ”

"I remember that at that time, Mitsubishi, Panasonic, Sony and other giants who were doing solid production couldn't help but get out of the game, spending a lot of money to acquire land in Tokyo and build a large number of buildings, not to mention other companies. The real estate industry is like a sponge that should have been used for normal production, that is, to create wealth, and the government at that time misjudged, not only did not stop it, but thought that the appreciation of the yen caused a shortage of liquidity, and began to force banks to lend, lowering the threshold for loans, but turning a blind eye to the misappropriation of loans, as a result, this huge flow of funds that could have saved everything did not save the manufacturing industry, but instead rushed into the property market with leverage......

Kitahara Shuji sighed and recalled the materials he had seen at OUEC, at a time when Japan was also in the middle of the second end of the urbanization wave, and the country's urbanization reached 76% , the population is concentrated in the six core circles led by Tokyo, and a huge amount of money has poured into the real estate industry one after another, resulting in a rapid increase in costs, and the prospects are not as good as expected, the new generation produced by the baby boom cannot afford to buy a house, and there is simply no interest in buying a house, lack of people to take over, and the domestic manufacturing industry is stagnant, the big country next door can do too much, just ten years to complete the commercialization of the market, to win by quality and the Japanese electrical appliances out of the market, that in the loss of foreign dividends, domestic demand is not strong, there is a precursor to collapse, overseas travel capital has a keen sense of smell, take the lead in escaping, and then the Japanese economic collapse is inevitable。

The subsequent collapse of the stock market, the futures market, the bond market, and the exchange rate crash were all taken for granted.

This also explains why the two countries began to try to restore normal relations in the 80s, but after the 90s relations deteriorated rapidly, and in the new century they tried to restore relations again - Japan again needed China to buy its parts.

Japan's economic collapse from the perspective of Kagura Jizuna, it belongs to itself and dies of itself, the dividends are too fierce, and it is forced to endure indigestion, and finally the stomach begins to collapse with blood, which is not a simple sentence in the book now - Japan challenged the United States in the economic field and was slapped to death by the United States.

Kagura Jizuna looked at him pondering there, smiled and said: "In fact, the general trend is the embodiment of human nature, everyone wants to make money easily, speculate in real estate, speculate in stocks and futures, but if they want to relax, they often end up with nothing...... Here we are, this is the first bank I set up, and I come here every day to check it out. ”