Chapter 432: The Most Beautiful Dusk Before Sunset
On the first day of 1990, today's weather was cloudy and rainy, and for some reason, almost all Japanese people had a trace of gloom in their hearts.
The Japanese exchange opened on time at 7 o'clock.
All the brokers entered the JEX building in an orderly but fast manner.
They hope to get off to a great start today and a great start to the year.
However, when they saw the big screen above the trading pool, they were all stunned, what color was that?
Red, bleak, all red. (It seems that foreign stock markets are different from China's, where the red line for U.S. stocks represents decline, while the green line represents growth.) )
All the stock traders made a move at the same time, rubbing their eyes vigorously and rubbing them desperately.
They thought they had drunk too much wine during the celebration last night, and they were still a little dazzled.
However, no matter how much they kneaded it, the plate was still bleak.
"Yaga! What is that? ”
Finally, a stockbroker couldn't stand the pressure of this dead silence and roared.
However, his roar did not warm up the stock market, but seemed to deliberately oppose him, and the curve on the market fell sharply in an almost straight line, and the red color almost blinded their eyes.
Many well-informed people, one by one, picked up the phone and began to ask for news from various channels, what the hell happened?
Did the Japanese island sink by land?
The answer soon came back, the Japanese island did not sink by land, but was sold by their masters.
Wall Street has gathered a huge amount of money and sold off Japanese industries like crazy.
As a result, it triggered a fall that led to the collapse of the Japanese stock market.
There was no time to stop it, and the torrent of hundreds of billions of dollars swept across the entire Japanese stock market, and any force that tried to block it seemed so insignificant in the face of this torrent.
Throw! Throw! Throw!
Fall! Fall! Fall!
The collapse of the mountain made the Japanese not even have time to cry.
On the first day of the 1990s alone, the Japanese stock market evaporated trillions of dollars in market value before the market closed.
This. It can already be called a loss that shakes the country's foundation.
However, as everyone knows, this is definitely not the end.
Because a stock market crash never ends in a day.
The Japanese waited with some trepidation, waiting for the judgment of their suzerain.
Before that, the Japanese almost turned the United States into the forty-first prefecture of Japan.
After the appreciation of the yen in '85, Japan's industrial export capacity was indeed greatly affected, but as a result, the Japanese became richer than ever.
Because they can exchange the yen in their hands for more dollars. As a result of this situation, American assets suddenly became much cheaper in the eyes of the Japanese. Things that used to be unaffordable to the Japanese now seem to be readily available.
As a result, the Japanese, with a large handful of dollars in their hands, began to buy on a large scale in the United States. The average consumer buys some goods in places like Hawaii. The Americans were happy, but what upset them was the massive acquisition of American corporate assets by the Japanese.
These Japanese people wielding checkbooks don't seem to care about the price at all. It seems that they can buy the whole of the United States, which is called "the United States is becoming the forty-first prefecture of Japan."
The whole of America is in the middle of it.
In this seemingly crazy process, there are a lot of jaw-dropping and unbelievable things. An American building was going to be sold to the Japanese, and the Americans offered more than 400 million yuan, and the two sides negotiated and waited for the Japanese to pay for the settlement. The Japanese suddenly brought a new contract book, and the price written on it was 610 million. Americans are inexplicable.
The Japanese explained that their boss had seen it in the Guinness Book of World Records on the first day. The highest price ever sold for a single building was $600 million, and they wanted to break that record.
By 198. Nine years later, the purchase of American assets by the Japanese reached its peak.
In June of that year, Sony announced. For $3.4 billion, they successfully bought Columbia Pictures, the giant of the American entertainment industry and one of the symbols of American culture.
The move is part of Sony's strategic move to shift from manufacturing to entertainment.
Previously, Mitsubishi had already purchased the more important national symbol of the United States, the Rockefeller Center, for $1.4 billion.
This great building, which represented the heyday of American capitalism, now belongs to the Japanese.
In Los Angeles, the Japanese own almost half of the real estate in the downtown area;
In Hawaii, more than 96 percent of foreign investment comes from Japan. And it mainly focuses on real estate such as hotels and high-end residences.
From 1985 to 1990, Japanese companies carried out a total of 21 large-scale overseas mergers and acquisitions of more than 50 billion yen, of which 18 were aimed at American companies.
By the end of the eighties. One-tenth of the real estate in the United States has become the pockets of the Japanese.
The Japanese bought a large number of assets in the United States, especially those with great influence such as Rockefeller Center and Columbia Pictures, which caused great repercussions in American society.
Seeing that many of the country's influential large companies and industries have turned to be bossed by the Japanese, American public opinion exclaimed that this was simply Japan's second invasion of the United States, the last time being at Pearl Harbor. The Americans even laughed at themselves: maybe at some point the news will come that the Japanese have bought the Statue of Liberty.
American businessmen who sold their assets to the Japanese were accused of being mercenary and greedy. Public opinion believes that these people are short-sighted and do not hesitate to sell the symbol of the United States in order to make money.
They only care about their current income, and they do not care about the country's long-term development and economic security in the slightest. There are calls for the government to intervene to stop the Japanese buying spree in order to protect the national interests of the United States, and there are also calls for the government to find ways to prevent the price of real estate in the United States from being inflated by the Japanese regardless of the cost.
In short, the United States is a cry of lamentation. The Americans felt that they were beginning to be ousted from the position of the world's number one power by aggressive Japan. Will they be able to face and adapt to this irreversible change?
On the Japanese side, self-esteem is greatly satisfied. Many Japanese people are complacent about their crazy purchases around the world.
Japan, which for many years has been subservient to the United States, seems to see itself on the promise of surpassing the United States and becoming the world's number one power. This novel experience is very good, and the Japanese are very beautiful for a while.
At the end of the 80s, Japan was already on a par with the United States, and even put on a momentum of "daring to pull the emperor off the horse."
Americans are annoyed by this, and U.S. Rep. Helen Brown. "The United States is rapidly evolving into a colony of Japan," Bentley said. "They complain that Japan has bought our beaches and high-rise buildings, and now it is destroying our spiritual pillars. Americans are not entirely intolerant. In the 80s, Japan carried out several large-scale buy-outs, which made the United States dizzy.
On October 13, 1989, there was a scene on Wall Street in New York City: on the stock trading floor, brokers were wearing headphones and their eyes were glued to the screen monitors, as usual. This qiē is so common that it can't be more ordinary.
However, at 3 p.m., the stock price fell rapidly, setting a record plunge of 190 points in less than 1 hour, and the scenario was reminiscent of "Black Monday" in October '87.
Just after four o'clock. Wall Street was boiling, people poured onto the streets, and reporters with microphones stopped passers-by to do live interviews.
What to interview?
It turned out that the Japanese company Sony announced that it had bought Columbia Pictures at the highest price in history.
For a time, the United States was in an uproar.
In fact, Sony's negotiations to buy Columbia began as early as November '88, and by the vice chairman of Sony's U.S. branch, Michael Brown. Schulhoff served as negotiator.
Columbia is a well-known Hollywood studio, and 49 percent of its shares are owned by Coca-Cola.
Due to the poor business of the Columbia company in recent years, several changes in management have not been successful. After the failure of Ishtar in '87, the Coca-Cola Company lost interest in the film industry.
198. In nine years, Hollywood's major studios have released successful films, but Columbia seems to have been abandoned by the goddess of luck. The market share fell to 14 percent.
In order to diversify its operations, Japan's Sony Corporation has taken the development of the entertainment industry market as its strategic policy, and its specific method is to develop software for televisions, video recorders, and tape recorders produced by Sony Corporation, and has spent $2 billion to buy the CBS record company in the United States as a trial year.
Since 1988. Sony explored the possibility of buying the studios of American film and television companies, and the difficult situation of Columbia soon made it a prey for Sony.
Schulhoff quickly became acquainted with Columbia Pictures' managing director, Victor Brown. Kaufman met. Schulhoff offered whether it was possible to buy the shares held by The Coca-Cola Company.
Kaufman said. If you don't quote a price for all of Columbia's shares, Coca-Cola won't agree.
Eager to get the deal done, Shuljo began to approach Aaron, a financial advisor to Columbia. After haggling, Schulhoff Painted Columbia offered a high price of $3.4 billion, paving the way for the two sides to close.
Although Sony is a well-known and large company, such a large amount of money will still cause problems that will be difficult to overcome. What's more, Sony has only tried its hand at the record world, but it doesn't know anything about running the film industry. However, five of Japan's largest banks, Minamada, Tokyo, Fuji, Mitsubishi, and Industrial Bank, came out of their way to lend $1.5 billion to Sony, making Columbia a company.
Therefore, on the morning of September 27, 1989, the second board of directors of Columbia held a formal decision to sell the company. As a result, Sony Corporation held a press conference in Tokyo on October 13 to announce the purchase of Columbia, which caused an uproar in the United States. (To be continued......)