96 the starting of the first day in Japan, living in a mansion with neighbors sudo brew tea salver holding a nice green tea to my room, which may be bizarre to him, Language barriers on the ten minutes only a uncomplicated
I did not install the call in the past two months, catching over several times to sudo each take calls I have a tiny someone to thank about the past. As a outcome, pumping 1,2 hours each week to sit down to chat to become a accustomed.
Sudo, 48, is engaged in commercial facilities treatment superintendent, the monthly salary of more than 40 million yen. I was very wondered, his salary is not low, but also a unattached, why would the monthly hire to live in such a just over 30,000 yen, a home (12), a kitchen (4) A health (3 ),
GHD MK4 Gold Straighteners, 5 share a lavatory in the creating in it? Sudo this question to me was very understanding, he told me that during the bubble economy in Japan for 88 years, he spent 60 million yen to buy a two-story villa. The villa is now the price has fallen to 3,000 million yen. He villa has been rented out. He lived in the house now is to retention enough money to hire the villa attach and also bank loans. So when he was 65 years old can pay off the lend, and then pledged the house then get subsidy identify in the coffin of the money. However, his ambitious and his wife did not live with such a house, divorced.
97 years after entering graduate school to know out of the doctoral student Xiaodong metal substances (the Chinese), one day he drove me to pick a very desolate place persimmon. I asked him why the persimmon here can accessible pick, he said, this is his mentor bought during the bubble economy, the development plan at that time, there should be included in the scope of a Tokyo commuter surround, unfortunately, you see Look now, alternatively so desolate, and only the brain out of metal research professor was so
Dong said: In the lab experiment, the instructor all prate, the land all right, it seems to make him annoying piece of mind. Professor 89 years to 50,000 yen / purchase a piece of land, a aggregate of 1.5 billion yen. Professor If someone out of a million immediately, he would sell. 93 bid was 25,000 yen / Professor bear, and immediately, 2 million tin not ascertain a purchaser. Persimmon trees planted not had time to take care of them, we eat this is to assist him pick persimmons busy.
looked at that piece of land to my consideration, in adding to dozens of trees, persimmon tree, the other is weeds. Vigor was happy to hang most of them.
shop later in 2002 to do site surveys Shiyou passed by, feeling, or was the antique way. I stopped by the local public library for a moment, the land belongs to adjust the avenues of the zone, this district of land is not entirely land for construction, if you want into construction land, local government departments have to invest in water supply and drainage , liquefied gasoline gas, 5.2 meters above the length of the roads infrastructure. Professor bought the land here, about the bubble economy period is based on the speed of urban development,
GHD MK4 Pure Straighteners, or a few years, government will invest into the construction site where the. Professor If, for anticipated, the bonus rose to at least 100,001 square meters, and then rotated it into land for construction if the commercial land, 30 million / are fully possible. Unfortunately, educating the
99, at the inauguration of the company met Kawase, he and I adore hiking, mountain climbing I added their club, usually Saturday 6:00 set in mountain, after climbing more than 10 to Spa baths home.
once 3 continuous vacations, climbing club union to brightness, daylight is a notable passenger places in Japan, many members have with their family or friends.
us down from the mountain, the people who did not work hiking in Hot Springs has been waiting for, of which there Kawase wife, Kawase introduced me to her, and invited me to dinner with them. Since the wife met Kawase, when I see Kawase, always felt he is a very mysterious figure.
Kawase has 50 years of age, but only a very ordinary company engineer, but his wife is not only pretty but the gate and chat is a completely picture. In daylight, Kawase wife wore a kimono, Japanese women wear kimono when walking, sitting, eyes, etc. all have stress, no specially trained people not counterfeit it. Training is generally adopted that I have met in the School of Home Economics from the University of Graduate Women, by compare, Kawase's wife can do the
Kawase
and more with the number of climbers, the more he wanted to understand is who in the end, but is too inconvenient to ask instantly, worried that the relationship may also ask not got chilly.
over a period of time, have the opportunity to pass onward to the construction site, he came to the company has 9 years, and I and his good private narratives, on the road to the two of us, this is a chance, I said: Kawase's wife saw her kimono, and I routinely look to see who she really is not the same as fascinating, it must be president, his wife certainly can not go wrong
a long time, in few words from the people of Kawase have a basic understanding. Kawase after graduating from Tokyo Polytechnic University of the company came to my office, fewer than 40-year-old became the company's core technical staff, has been Shinagawa in Tokyo, the company headquarters. Significant contribution to the development of the company, the basic remuneration of nearly one million yen. 85 years, that is, the early formation of the bubble economy, the resignation Kawase started a housing production vegetation. The begin, development is very smooth, to 88 years, Kawase not only loans to amplify the production scale, while in Tokyo, also bought a set of first-class to almost 2 billion yen in high-end apartments. Unexpectedly, 90 years later, the position worsened, and factory mandates is almost zero. 2 100 000 000 Kawase sure to keep an apartment in Tokyo pledged to the bank, hopes survive, to keep the factory. May ultimately bankrupt in 97 years. The company's high-level ability to read Kawase and years of friendship make him back to the company, but the headquarters are able to return, wages have heard only 40 million.
because in his side, often heard during the bubble economy, the share, the purchase of business to start pondering: the Japanese have a word with ordinary people casually look over from the mind, do not understand it will not do, then, Japan's land prices, house prices will rise Why? What made them believe that land prices, house prices will rise? Their wages are not high, house prices beyond their natural capability to pay, why would decrease living standards in other areas to buy land, buy it?
why prices rose in Japan? Many people think that is due in September 1985 of the To such an concert on currency exchange rates can lead to mad Japanese loans to home buyers? Why bank loans if the people give you money? On what foundation the Japanese people believe that land prices, house prices will rise? Therefore, the That the Japanese people to buy a house comesintoseffect? For these questions, year-end parties at the corporation in 2000, I got an answer.
2000 end, the company finally made money, and has not made a dividend for three consecutive years. The company probably wants to do good in the end, the end of the year-end parties have come ahead to organize by the company,
GHD Pink Limited Edition, which self-organized staff in previous years, the year-end parties compared to a lot of quality is also high.
weekend 18:00 to 9:00, we finished the year-end parties of the premier brandy, then went to Kara OKAY rooms. Drunken Yoshida asked me if I came to this place.
I said:
Yoshida a laugh:
Yoshida
I did not answer to respond, that Yoshida was drunk.
At this time, has been inviting voice gateway agreement, and Yoshida also began to busy with a diversity of chart wine blending their preference savor. Although a merry day, Yoshida probably also massive drinker, and he and sudo is very similar, the difference is that sudo is in the bubble to buy villas, Yoshida bought an suite in Tokyo, the 2 now lived in similar houses.
in colossal school constantly hear when talking almost Japan's bubble economic time Xiaodong boom. Dong is 90 years in Japan, he said: his arrival each daytime to school to pick students to work in the car, an average of 2 hours aboard the tumble, 1 hour wages are generally 1200-1500 yen Some can too be the appointment of settlement, it is too effortless to make money, and now quite different. Because of a serious absence of fatigue, the Japanese government for many countries in South America and some additional unlawful emigrants, and the visa expires the person is not returned to open eyes closed eyes. The breakdown of the bubble economy ambition be, the Immigration Bureau of Japan began to steer away these people.
, however, as to why Japan was so prosperous, do you think has always been this way, there was very little dispute in the students these questions, think about it will not have anything to do with China.
Since the year-end parties at the hearing
Yoshida said Japan's bubble boom is that China, whether or not drunk,
GHD Hair, I still want to figure it.
climbing, I asked Kawase, Japan's bubble economy have anything to do with China?
Kawase said: entities made in China, approaching a class that the Japanese have now made a number of years. so many Japanese to believe in his own lifetime has been the Japanese economy will flourish.
At that time our country has not color TV, VCR, refrigerator, rinsing machine production lines, and such household appliances, electrical appliances on the market in Japan, or whether it is legally imported illegally smuggled goods, ultimately come from the factory in Japan. This is Japan, China, the market is too excellent.
I went on to say:
Japan 85 years antecedent, the housing market is not entirely commercial market, more than 80% of ordinary working families are living in the Housing Corporation, County barracks, metropolis barracks, community house, and such public welfare housing. In this one, the Japanese government in 1955 established】 【Japanese housing Corporation is the largest residential provider.
the late 70s of final century, Japan's car, family device manufacturing technology can not merely contend with Europe and America, some have a leading situation, products exported in large quantities abroad. 1981】 【Japanese housing Corporation changed its name to 【housing, urban public Troupe of preparedness, the core work of transformation from the straight provision of residential housing construction and correction of urban infrastructure. Japan Housing Public Corporation is the work of restructuring the Japanese government wished a large number of Japanese products exported overseas to Japan to send prosperity and economic chance, for residential commercial arrangements made by the commercialization of residential housing to meet the servant demand for personalized, thus improving the Japanese people living conditions.
Japan Housing Corporation
development of residential
85 years of down. Japan's prices are thus began a rapid climb.
a boom in the Japanese economy, house prices rising to 90 years in the Japanese major banks suddenly stopped only home loans, and significantly amplify the original buy loan interest rates. 92 onwards premium tax (inheritance tax levy restrict for the assessed value of property 0.3%). Why should the Japanese government issued such an economic policy? Japanese cars, home appliances and other industries boom Why suddenly perished? This means that the Japanese economy which has entered a What about the Japanese economy is
in house prices, stock prices mushroom all the way, Japan's economy boomed in the 90 years March 27, the Bank of Japan published the the Year in August, the Bank of Japan short-term borrowing rates ascending afresh 6%. What is more, the 92 Ministry of Finance has issued a land value tax, so that the real estate industry has been reduced even aggravate, because of its high-end ministry store shop in the city's most prosperous of the lot, the land value impose of 0.3% per year was more than commodity profits 20% of the land value tax on the price of the prohibition is evident.
why the Japanese government introduced this monetary policy is that they did not think these policies will lead to the property market, the stock market crash. So, in the property market, the stock market crash 92 years already, why the Ministry of Finance issued the land value tax, so that real estate did not get a chance to recuperate it?
many people think: 90 years after a few years, the Japanese government's economic policies-day shove to extricate the Japanese economy a 2000).
precisely: not 90 years of policy issue,
GHD IV Dark Straighteners, but 85 years of full liberalization of the Japanese real estate market, hopes to make through the real economy has maintained rapid development of Japan's policy issues. Full liberalization in the real estate market 85 years -89 years, changes in the world to Japan and the Japanese government clearly see the 85 years the severity of the peccadillo committed by this policy. 90 years after the policy blunders, but is 85 years of crisis improvements.
so I am cared about many of the Japanese bubble economy discourse, and acknowledge that the above argument, and Yoshida have a chat from the start.
to go with each and Yoshida construction site, he would to This time, he sat on the practice to driving position, I feel very curious, imagine what he must have thing. Really is that long ahead he first entered Tokyo on the next high-speed, restricted the urban area in Tokyo, a small road going around, very familiar with the car parked in a multi-storey apartment afterward to the 30, let me wait for him a .
I rolled off in 4 weeks, and my center wondering: this may Yoshida buy apartments, residential lots that will not be cheap, it appears that during the bubble really Yoshida made a lot of money.
over ten minutes, Yoshida came back to me: This is variant prevaricate that he intends to sit and see cartoons, and he was very accidental, and his words will be more straight.
while driving I asked him:
Yoshida a very proud:
I did a little bit surprised:
Yoshida thought for a moment, said: The Government will naturally be typography money to depreciate the yen, continuing a year whether the added money, reinstate to the aboriginal standards of the yen against the dollar, the prices will not drip.
the averaging of money, I truly do not understand cluster of bastards mind was calculating.
Yoshida sighed:
Yoshida being said since the audition, afterward 90 years on the property market, stock market crash is due to the Japanese government reasoned at inappropriate financial policy statement had doubts, I began to trust that the Japanese government desperate to lance the real estate bubble is the purpose of , I absence an response. So then, it has been compared to monitor the news in this regard, memorandum.
real estate bubble is not there is a real economy as the reference value of real estate from the real economy is considered to be the advocate of the bubble.
However, the real estate bubble will collapse, or the real estate bubble must be the way to the end of housing slump, which can not be base on the basis of economics. Detached from the real economy must be supported by the real estate bubble is pierce it? The answer is not necessarily.
After the collapse of Japanese real estate bubble more fashion theoretical outlook is: the real estate bubble is not pierce the need to be resolved mainly by social ingredients. So why should Japan pierce bubbles?
into the 80s last century, with the door open to China, has also continued prosperity of the Japanese economy has entered a pinnacle period.
However, China and other amplifying countries, color TV, refrigerator making line put into operation, so that the Japanese government apparently see, the cheap prices in developing countries in Japan's fabrication manufacture will soon be a deadly thump. In the face of pure amount tournament, the Japanese will dead. Japan to rely on progressive industrial manufacturing technology, via processing and backup of industrial productions led the way Japan's economic prosperity, has seen the end.
the Japanese government accomplished the difficulties faced by Japan, but our approach and have not found the time, Makes to the prosperity of the Japanese manufacturing economy, into a it is required to skirmish with low prices in developing countries, but also to resist the weight of the yen gratitude of the embarrassment. Japan's economy continues to maintain rapid growth, we must quest for fashionable economic growth point.
real estate! Let the Japanese have already bulging pockets to provide in real estate,
GHD Hair Straightener, is undoubtedly the solutions to the Japanese economy, Open the advertisement real estate market, landlords in rustic Japan is the biggest positive, when the ruling celebration (LDP) is to host the biggest supporters of the kernel of the agricultural union.
85 in September of the into the real estate market.
when large amounts of money into real estate market began to thankful the moment of leaving, a Pandora's box - [keep demand] was opened. Real estate properties in Japan began silently changed from [with demand] shift [to keep demand], the consequences will imagine. Median of 86 years plus up to 2 additional amount of money, to 87 years in the eyes of most Japanese people, land tenure has become a most worthwhile asset.
the face of such a large market demand, Japan's major banks engaged in a ferocious competition for land. Typically, the bank financing land mortgage land evaluation is based on 70% of loan value, Hokkaido, 120% enhancement value of the banks to provide financing, we can see the eyes of the land has become a gold mine in the bank.
With the fast rise in Japanese real estate prices, real estate funds to invest speed up, the national real estate development projects are better than a huge one, the whole of Japan, convert a place where ordinary people can visit.
merely the other side, is beneath construction for the second Tomei rising land prices, planning is tough to advance. Japan Highway Public Corporation's commerce conditions worsen. The construction of regional public investment is also rising for of land prices and difficult.
88 years, real estate industry for several years of high profits for Toyota Motor, Fuji Heavy Industries, Hitachi, Japan's real economy, motor, etc. The leader can no longer incapable to bear, began to aggressively into real estate.
rapid development of real estate has seriously affected the Japanese economy's hereafter direction. Therefore, Japan should focus on how to develop more and more intense discussion. If we brief these arguments, the discussion revolves around three cardinal aspects:
1. to enhance the development of real estate in Japan's elementary policy is?
2. whether the development of real estate to preserve the continued prosperity of the Japanese economy?
3. If the above two answers is
1990 collapse of the bubble economy in Japan, the Japanese government, ostensibly due to a sequence of economic policy, its policy is essentially the Japanese government a clear answer to the above argument.
World War II, Japan has been called the same two basic citizen policy, one system of basic farmland, one of science and technology strategy.
the so-called system of basic farmland is farmland ownership in Japan must be capable to meet Japan's edible self-sufficiency in edible issues can not be subject to other countries. Real estate development continues to ascend, a direct menace to Japan's holdings of basic farmland.
the so-called tactics of science and technology, is a World War II, the Japanese government is already arrange in ruins, untied what instruction Japan should have done a long argument. To follow the example of the Netherlands was once Asia's trading navel among Europe and America. But thinking the population of Japan and the Netherlands in which the external surroundings, and nowhere near the idea of trade distribution center was entirely negative, and ultimately decided to go the way of science and technology industries.
rely on property to drive the development of the Japanese economy, is clearly a departure from the industry of science and technology have the same policy.
Japan is a country heavily dependent on imports of resources. To get resources, Japan must use his country needed goods to be exchanged. If speed up money to invest in real estate, Japan, the industrial structure and employ structure will be tilted to the real estate. Manufacturing exports will shorten to the resources from other countries will get less and less. 10 years, 20 years later, with the rise of developing countries, the price vantage of Japanese products without even the technical advantages will be lost. Then no other countries can exchange goods, the Japanese competition in real estate as usual meager villagers to fight for no electricity, no heating, no gas, no oil of adobe thatched hut.
So, however corporations and people are inseparable from the land, the land's value should list for the amount of corporate profits? How many personal income should be accounted for? This is not standard in the world.Japan's housing market prices, since 55 years of establishment of the Japan Housing Corporation to 85 years, had always been led by the Government. Therefore, the Japanese government to pierce the bubble has enough social bottom.
Why should the Japanese government
stock mall, housing slump course to end the bubble economy? The face value of the property slump Why did the Japanese government insists on not publishing money? After the collapse of bubble economy, Japanese industrial architecture and what alterations have taken location? The face of collapse of the bubble mentality of the Japanese people, so what the problem is discussed after.
want to reiterate that point is: Is there talk about the real estate bubble, we must first define the real estate is to be accustomed as Only as a If you are as If no such meaning, the real estate bubble will not talk about if the results can only talk elapse each other.