Chapter 124 "Scissors"

In mid-February, the Japanese stock market plummeted continuously. Although many consortiums made some measures to protect the market, they obviously seriously underestimated the intensity of the selling market.

Japanese stock investors came to "wake up" by continuous sharp drops. After going home to read various financial books, they suddenly realized that the legendary bear market has arrived! As the Nikkei index fell below 30,000 points, market sentiment changed from a sluggish turn into panic!

At this time, the main short selling force is no longer foreign capital. Thousands of Japanese retail investors no longer pay attention to the good news released by the Ministry of Dazuka, and a large number of stocks are scrambling to be sold out. Because, if you hesitate for a few minutes, the stock may fall to a lower price.

Since Longteng Fund firmly shorts, profits are relatively high among all institutions. Although the Japanese stock market has not fallen to its lowest point, Longteng Fund has already made a profit of more than US$200 billion. The Japanese stock market has just opened a small gap. Now Nikkei has a decline of more than 75% from 30,000 points to 10,000 points. Even if the operation method is the clumsy, as long as you insist on shorting, you can get more than 10 times the profit.

What is distressing is that the 13 trillion US dollars big cake is destined to be the vast majority of him. He is self-aware that if the US government had not needed to "shear" the Japanese lamb, no matter how envious he would not have the chance to start the Japanese economy.

For the United States, Japan is like a domestic animal raised in captivity, and it will be killed if it is fattened.

Since the United States destroyed the Bretton Woods system on August 15, 1971, and the exchange rate between the yen and the US dollar began to float, trade frictions between the United States and Japan, especially the threat of trade sanctions against Japan, have been the key force in determining the trend of the yen exchange rate. By the 1980s, the voice of "Japan No. 1" was rising, and the pressure on Japan increased sharply. In addition to requiring Japan to voluntarily restrict exports, the United States unilaterally imposes quotas on Japan's imports and selectively impose additional tariffs, it mainly requires the Japanese yen to appreciate significantly, otherwise it would use the famous "Super 301 clause" to impose a comprehensive and severe crackdown on Japan's trade. By 1985, the United States believed that the appreciation of the yen was still too slow, and forced Japan to sign the square agreement, preparing to use the Japanese yen and the German mark appreciation to make Germany and Japan pay for the US fiscal deficit.

Obviously, the United States succeeded. The sharp appreciation of currencies such as the Japanese yen and Mark caused the depreciation of the US dollar. The rapid depreciation of the US dollar, as the world currency, immediately caused the total value of trillions of dollars stored in the treasury of countries around the world to seriously shrink by more than 500 billion. However, for the US government, which spends money with a "extra fiscal revenue" of US $500 billion, it still cannot make up for the ever-expanding fiscal deficit.

The Japanese are really stupid and naive, thinking that as long as they act harmlessly in military and politically, they will contribute some protection fees to the United States through the appreciation of the Japanese yen every year.

Because Germany is at the forefront of the confrontation between the two major camps, if Germany is too forced, it will inevitably force Germany to the Soviet camp with its own hands. The United States had to turn its malicious eyes on Japan, which was almost crazy.

In 1988, Sony acquired Columbia Film and Television Entertainment Co., Ltd. and entered Hollywood, the most center of American spiritual culture, which further stimulated the nerves of American people and was frantically boycotted by the American media! Because, in 1989, Sony Chairman Akio Morita even co-authored a book called "The Japanese Can Say Not". The whole book is about Uncle Sam, the United States, arrogantly believed that Japan should and could compete with the United States to compete for the world.

However, after the publication of the book that claimed that Japan could say no to the United States, only a few months later, the Americans launched a major action that could transform the Japanese economy into a vegetative person for more than ten years at once, which made the Japanese understand that Japan was just a eunuch who had lost power and was still far from challenging the United States!

Sony, like most Japanese companies, was caught off guard and was trapped by the fierce financial disaster because of the lack of necessary preventive measures and they were lucky enough to think that this was just a short-term adjustment of the Japanese stock market. Unexpectedly, the decline was one after another, and every day, the losses were even heavier.

Japan is different from the United States. If the US stock market encounters such a decline, it is probably crowded with parades in front of the White House. In Japan, the government has always ignored the interests of the people, and most people are already numb to emphasize the interests of the country. Even if the economy deteriorates, few people think of seeking the government to argue.

On the street, when countless pedestrians talked to each other about stocks, they were not asking how much the stocks they had risen, but asking whether the stocks they bought were falling less.

Tokyo Longteng Fund, in the operating room.

Dozens of computers reflect the Japanese stock market from all angles, and they are both down and down!

But everyone's eyebrows are relaxed, which is completely opposite to the stock market. Because, the more they fall, the more Longteng Fund earns, and the more bonuses the employees will also receive. More than 100 employees will share 10% of the profits. Although it is not over yet, they are already considered millionaires now! And Li Haoran, Eddie Sekota are worth more than 1 billion!

The millionaire is not worth anything in this room!

If you tell others that there are more than 100 millionaires in a large 500 square meter operating room, two workers who can rank among the top 100 Forbes Rich List, and one of the world's richest people who are temporarily nominally rich and are about to become the richest person on the earth. I'm afraid it will surprise people to wonder if this is the earth.

"Boss! The investigation is clear! Sony's financial investment loss exceeds US$10 billion, which is 20 times the profits of their company! Now Sony's total assets are only 47 billion, and their working capital is less than US$500 million, while their debt exceeds US$70 billion. In other words, they are now insolvent!" Li Haoran said excitedly.

Zhang Bixuan asked: "That means, as long as their creditors get their debts, they can go bankrupt?"

Chida Takashi explained: "You can't say that! Because most countries in Japan's financial system are different. The government-run banks often borrow money from companies that don't ask companies to collect debts for decades, and just ask companies to expand their scale. At least half of Sony's debts are loaned to them by government banks. Only a few billion of debts are borrowed from private banks and other companies!"

Eddie Sekota sighed: "What a corrupt financial system!"

The 1980s was the era when Japan's economy was the strongest. When Eddie Sekota was in the United States, the newspapers were full of the famous American company acquired by the Japanese, the famous American company forced to go bankrupt by the Japanese, and some important American buildings were bought by the Japanese. Oh my God, he was afraid that one day he would find that the whole United States was bought by Japan. He was thinking that one day he must teach this nouveau riche country a lesson and let the Japanese know that Americans are not easy to mess with!

Chida Gang had no choice but to laugh and did not express his opinion. Those present, whether American or Chinese, were all bad intentions towards Japan, while Chida Gang was a Japanese traitor who helped them further destroy the Japanese economy.

"Then I have to wait! When the real estate market falls, Sony's fixed assets will further shrink! At that time, those Japanese private commercial banks will inevitably have to collect debts from Sony due to their own losses! At that time, the pressure to completely acquire Sony should be reduced a lot!" Zhang Bixuan said relaxedly.

Li Haoran asked a little strangely: "Boss, why do you have to acquire this company? You know, it has more than 70 billion US dollars in debt! Although the Japanese government-run banks will not ask Sony to recover their debts. However, when we acquire this company and Sony becomes a Chinese capital, the province of Tao will no longer give Sony preferential treatment! Once acquired, it is equivalent to repaying Sony's debt of 70 billion US dollars in debt for Sony!"

Zhang Bixuan smiled and said: "Acquiring Sony is an important means to accelerate Longteng's diversified development. Although I have Longteng Electric, a company with a very similar business direction to Sony, most of Longteng Electric products are just following Sony's butt, and the core products are only a very small number of VCD, mp3, etc.! We have to admit that in most products, we are lagging behind Japan. They have gone from "Made in Japan" to "No. 1 in Japan". And "Made in China" is just beginning. Acquiring Japanese companies can allow "Made in China" to produce technologically advanced products from the beginning. I don't want "Made in China" to be regarded as a inferior product by people all over the world."

Although the slogan "Japan No. 1" is completely a concept of bragging and not breaking the law, Japan actually competes with the United States with less commodity prices than American products, rather than being boasted that they are leading the United States in technology. However, it has to be admitted that from the perspective of civilian products, Japanese technology is much ahead of China.

China and Japan actually have little comparison in the field of science and technology, because the two countries' development directions were different after the war. China has been preparing for war since its founding, and has devoted its efforts to develop strategic core technologies such as nuclear weapons and satellites; while Japan has focused on making money in civilian technology, and they have also concentrated their efforts on the whole country to quickly change from learning from Europe and the United States to competing with Europe and the United States.

Sony not only issues stocks in the Japanese stock market, but also a considerable number of stocks are listed on the New York Stock Exchange in the United States. The shares of Sony acquired by Longteng Fund in the United States account for about 21% of Sony's total share capital. In addition, the 10% stock acquired in the Tokyo securities market in the past few months, Zhang Bixuan is very close to the largest shareholder. However, the goal of obtaining 75% of Sony's stock and fully controlling Sony is still very far away.
Chapter completed!