Reborn Tokyo Golden Age.

Chapter 502 Changes in Fortune
Just when the entire United States was worried about losing two Hollywood giants in a row, less than a month later, Neon Enterprises’ overseas buying spree was staged again.

In October, Mitsubishi Estate announced that it had purchased a 10% stake in Rockefeller Group, the owner of Rockefeller Center, for US$8.46 million.

In other words, Mitsubishi has gained control of Rockefeller Center, and there has been one wave after another.

Rockefeller Center is a group of buildings located in the center of Manhattan, New York City, USA. It is a city within a city composed of 19 skyscrapers.

It is the center of politics, economy, culture, transportation, education and other aspects of the United States. It is also one of the most prosperous, developed and wealthy regions in the world.

Here are the headquarters of General Electric, the headquarters of the American Broadcasting Center, a ski resort, and an art gallery.

In 87, Rockefeller Center was even recognized as a national historic landmark by the US government.

However, even such a highly symbolic building has once again been acquired by Neon Enterprises.

In the face of the Western media, which was quick to respond to stress, Mitsubishi showed little concern.

They believe that they have made a wise and far-sighted investment. Mitsubishi intends to build Rockefeller Center into an international business and cultural center while also demonstrating Japan's economic strength and cultural status.

Mitsubishi Estate Chairman Akio Kobayashi replied when interviewed by reporters: “We are not here to steal anything, but to share something.

We hope that through this acquisition, we can enhance the friendship and cooperation between Japan and the United States. "

Look at this gesture, it's completely the wealthy owner taking care of his younger brother's business.

What cultural invasion, what symbols of America were bought?
I, Mitsubishi, bought Rockefeller Center, which is what your Rockefeller Group has been dreaming of. You should thank me.

To be honest, as a buyer, Mitsubishi's confident attitude is not too much. After all, he paid real money.

However, at this time, the United States was already disgusted with Neon because of its explosive buying operation.

Therefore, Mitsubishi's statement not only failed to gain the understanding of the American media, but also brought greater side effects.

However, the North American media's crusade against Neon continued, but Bai Chuanfeng's attention had already shifted to Neon's country.

Although due to Sony and Mitsubishi, Shirakawa Holdings' acquisition of Paramount has once again been brought to the forefront.

However, his original promise to the Western media has been fulfilled. He hired a local team from North America to manage Paramount and the corporate system remained unchanged.

These have allowed Shirakawa Paramount to go through the running-in period in the past few months, so Shirakawa Kaede doesn't really care about the media's repeated mentions.

Will Shirakawa Holdings, the subsequent management of Paramount, intervene?This is of course, but not in front of me.

In order to avoid touching the sensitive nerves of Americans, he would wait until the storm was over before taking action quietly.

Otherwise, if no one of your own enters Paramount, it is inevitable that the other party will violate it over time.

Later, after Sony acquired Columbia, it suffered a lot of hidden losses.

The amount of money lost in just a few years is almost the same as the original price of acquiring Colombia.

With such a huge dark pit, how could Bai Chuanfeng make the same mistake again.

Therefore, the intervention of Paramount is a necessary action, at least the management must keep it firmly in their hands.

Of course, let’s put this aside for now, but the domestic Bank of Japan has begun to reorganize itself again.

Just this past October, the Bank of Japan announced another interest rate hike, from 3.25% in early May to 3.75%.

Along with this interest rate increase policy, there is also a notice issued by the Ministry of Finance to various financial institutions: All banks and other financial institutions need to control the scale of real estate loans.

This simple sentence was not taken seriously by other banks, but Beidu Bank immediately followed up and began to implement a loan tightening policy.

Arai Yu is worried about how to deal with the loan requests from old customers who come to his door. Well, isn't the reason now there?

Hokuto Bank has no choice but to obey the Ministry of Finance's notice.

In fact, the Ministry of Finance only issued this announcement tentatively. As for the specific restrictions, there is no detailed data explanation.

Because there are big differences within the Ministry of Finance on this matter, they are prepared to verbally restrict it and let the market adjust itself.

Unfortunately, even though interest rates were raised again this time, the stock market only fluctuated slightly and then continued to rise sharply.

As for the property market, it has not been affected by this interest rate hike policy from beginning to end and continues to run wildly.

Although there is little discussion about the Bank of Japan's interest rate hike, Shirakawa Kaede has already felt the chill in advance.

Less than half a year has passed since the last interest rate hike, and as far as he knows, Mieye Yasu-san has not yet taken office.

In other words, these two consecutive interest rate hikes are entirely the Ministry of Finance’s own idea.

So if it is Mie Noyasu, who is known for his "austerity advocates", what will happen after he takes office as the president of the Bank of Japan?
Bai Chuanfeng could already imagine the thunderstorm coming. No, in fact, the dark clouds in the sky above his head had begun to gather.

Why did the Ministry of Finance suddenly change its attitude and start cutting interest rates twice in a row in less than half a year?

Because the Ministry of Finance made statistics near the end of the year and found that debt in the neon economy has accounted for 90% of the total!

The whole country is playing "beating drums to spread flowers", and the whole neon society is "get rich first, exploit and then get rich".

How do you understand this sentence?To put it simply, Neon’s current economic figures are too watery and full of bubbles!
All neon money has been basically emptied out by the stock market and property market, and people's so-called assets are accumulated through housing prices.

And these assets have not excluded high-value loans from banks. Now everyone is buying land with loans.

Regardless of how many houses you have, in fact, if you remove the loan, your assets will shrink by 90%. This is what Neon is today.

It seems that the middle class and capitalists are having a carnival, but the people at the bottom cannot take the blame, let alone buy a house.

Is the slogan of “[-] million middle class” that was shouted before really true?

Impossible, there were a large number of people at the bottom like neon in the bubble era.

At the same time, government data also shows that the birth rate is declining.

As the population slowly decreases, there will not be that many people in need of land in the future.With fewer people buying houses, can the current high land prices be sustained?
Even children know the answer to this question.

And because hot money has flowed into the stock market and property market, the loan data for the real manufacturing industry has dropped to less than 25%, while the real estate industry has soared to more than 40%.

Because everyone is speculating in stocks and real estate, and the appreciation of the yen, many neon factories cannot operate.

Entrepreneurs took money from banks and put factories in Southeast Asia.Then they use cheap products to dump their own products, which leads to a sharp increase in the country's unemployment rate.

If this continues, Japan will collapse and the country will go bankrupt!
To put it bluntly, the prosperity of the stock market and property market is like a castle in the air. Without the support of the physical manufacturing industry, the bubble will burst sooner or later.

And the neon government is taking the lead to support the US$1500 trillion bubble?
Not to mention neon, the whole world combined may not be able to support it.

So it’s not that the Neon government doesn’t want to save this bubble, it’s that it really can’t.

Since it can't be saved, then raise interest rates quickly, let the speculative market shift its position, slowly eliminate the bubble, and let the property market soften.

Unfortunately, it seems that the effect is not very satisfactory so far.

Except for Beidu Bank, which responded to the call of the Ministry of Finance, other major financial institutions are still immersed in the dream of a prosperous property market.

However, it is not that no one is aware of the abnormality of the situation, and those overseas capitals have the most sensitive sense of smell.

The Bank of Japan's two interest rate hikes have made them feel a little unusual, and now everyone is waiting and watching.

Judging from the follow-up actions of the Neon government, if it raises interest rates again, it will withdraw early if it has no choice.

They came to Neon just to make money, not to support the Neon government.

So if the wind is blowing in the wrong direction, run immediately.

Of course, the people in Neon's country don't think so. They still believe in those two myths: "The stock market will not fall, and the land will not fall."

Except for a few people who smell the crisis, more people are intoxicated in the happiness of "bubble" and cannot extricate themselves.

Taking into account the special situation here in Neon, Baichuan Holdings is also accelerating the pace of overseas investment.

Baichuan Automobile, which was decided to be established in China last year, has already implemented it this year.

Because of the previous investment in Baichuan Electric, Baichuan Holdings has also maintained a good cooperative relationship with the local government.

Therefore, when it comes to choosing the location of the OEM, Baichuan Automobile still chose Guangdong Province.

So as a series of review processes were completed, the GAC Baichuan brand was hung up at the end of last year.

In fact, in the original time and space, GAC was not established until the 90s.

But in recent years, with the establishment of Shirakawa Electric here, the financial situation of Guangdong Province has also been greatly improved.

With the growth of overseas export business and the gradual development of the local market, Shirakawa Electric has also brought huge wealth to the local government.

Because they had money in their hands, Guangdong Province's inner ambitions also swelled after hearing about Baichuan Holdings' plans.

So the two parties combined their efforts and Guangdong Province simply decided to create its own car brand.

In this context, GAC emerged as the times require.

The shares are still the same, with GAC 51% and Shirakawa Motor 49%.

This is a necessary condition for entering China, and Bai Chuanfeng has no intention of changing it.

After all, he is here to make money, not to fight.

Besides, Baichuan Automobile is also a start-up, and people have to bow their heads when the public comes, so why should it be special?

After some negotiation between the two rookies, GAC Baichuan officially built a factory in Yangcheng.

Of course, the construction of the main engine plant still needs support from Subaru. Neither Shirakawa Holdings nor GAC can handle this.

According to the plan, the first phase of the factory is expected to produce 15 vehicles per year. Subaru will first build two demonstration production lines.

GAC is responsible for the rest of the production capacity construction. As for the design of the models, it is similar.

The Baichuan Automobile R&D Center will still be located in Yangcheng, and it is being built faster than the factory. It now has its own office location.

The initial designers were all from Subaru, and GAC hired many mechanical talents here.

They may have never been exposed to car design, or they may have been stuck in the theoretical stage.

But without exception, everyone was so eager to learn that even the Subaru employees who came with the group were surprised.

Their hard work and resilience gradually convinced Subaru employees who initially looked down upon them.

The first model Shirakawa Motors is preparing to launch is a modified version of the original Subaru 1000.

Compared with the original version of Neon, it has made certain technical updates in the engine and chassis to meet the geographical characteristics and usage needs of China.

And this magically modified version is named Xingyao, which means Subaru star.

The manufacturing process of this model is simple, and because of the previous foundation in design, it is also suitable for everyone to practice.

It is expected that it will be officially launched in China in 91, by which time the OEM should have completed the tuning.

Shirakawa Kaede doesn't know what the outcome will be of this investment of nearly US$[-] million, but it is certain that there will be a new brand in China's automobile market in the future.

While the business on the other side of the sea is in full swing, Neon has once again reached a turning point in its destiny.

Mieye Yasusan, known as "Heisei no Onhira", officially became the new president of the Bank of Japan in December.

Wow~, lightning flashed across the neon sky.

(End of this chapter)