Reborn Tech Maniac

Chapter 845 Blowing a Big Bubble

……

Takeshi Fukuzawa, the president of Mitsubishi Estate, who took office only this year, has a well-known family heritage.

His great-grandfather, Yukichi Fukuzawa, was a famous Enlightenment thinker in modern times. He was one of the six major Meiji educators. He was also the first dean of the Tokyo Scholars Academy and a famous private university, Keio University. the founder of.

A bank note with the largest denomination - the D-number 1984 yen issued in 1, with a portrait of Yukichi Fukuzawa printed on the front of the banknote.

Fukuzawa Yukichi is even more famous for his theory of leaving Asia, that is, to abandon Chinese thought and Confucianism to learn and absorb Western civilization, which influenced the Meiji Restoration Movement.

This thing has extended many so-called "isms" and "theories", up to the current "On Leaving Asia and Entering Europe" and "On Leaving Asia and Entering America".

Considering the historical background at that time, the emergence of such arguments is not surprising - Kang Youwei also divided the world's races into four types according to their advantages and disadvantages, white, yellow, brown and black in his "Book of Datong". Human beings are the best, and yellow people are second.

If you fall behind, you will be beaten. Standing on the high ground of development, no matter what theory, it seems that you can find evidence to support it.

Since Fukuzawa Takeshi wants status and family background, then the richest man will naturally make corresponding arrangements for the reception.

In shopping malls, good communication is very important, which is the premise of trust. In order to let Sony’s products enter the American market, Akio Morita moved to New York with his wife and children, and lived for a long time to familiarize himself with the American customs. Favor, accumulation of resources, and the results are obvious to all.

In order to have good communication, it is essential to create an intimate communication environment - and this shows the strength and demeanor of the host.

At the dinner table of the Fengfeng Banquet, Yu Qianzhuo, the helper, explained to Fukuzawa Takeshi: "Tang asked about your eating habits, so he specially prepared dishes with the theme of health preservation."

Seeing Mr. Richest Man’s intelligence gathering energy, Fukuzawa Takeshi immediately said with admiration: “You have a heart. When I was in the fifth grade of elementary school, I got tuberculosis, and I didn’t get better until I was 5. Although this doesn’t affect my work, it makes me feel better when I am socializing. On. I have to add caution."

"This is the proper way to treat guests." The richest man smiled slightly, "Only with a good body can we better experience the beautiful world. The rich people in the United States, even in their 80s, can still maintain the quality of life. A high level of healthy life, to a large extent, must be attributed to the method of keeping in good health, "

The two of them didn't talk about business affairs. Anyway, just keeping in good health is enough to lead to many topics in the fields of humanities and science.

After the meal, Takeshi Fukuzawa, who had traveled a long distance, returned to the hotel to rest.

On the way, he said with emotion: "Tang really lives up to his reputation and is beyond words. He is an ideal buyer."

Tang Qianzhuo was overjoyed when he heard this - it seems that he has a rich lawyer's commission again.

……

After the richest man returned to his residence, the ship queen Christina couldn't wait to ask, "Have we finished talking?"

"How could it be so fast?" Tang Huan laughed dumbly, "This is Rockefeller Center. When Mitsubishi Land was acquired, it hired a lot of lawyers and accountants."

"So, are you all busy eating?" the ship queen muttered in disappointment.

"A lot of things can be observed at the dinner table." The richest man replied leisurely: "For example, Fukuzawa Takeshi is also a very face-saving executive."

"So what?" Christina was a little disapproving.

"We'll know when we have a formal discussion tomorrow." Tang Huan smiled leisurely.

……

The bursting of the economic bubble was marked by the collapse of the stock market, and the real estate market did not show signs of decline until 1992. Various indicators of land prices dropped by about 15% almost at once.

This kind of sharp decline in a short period of time has made it too late for various capital investment targets to get out and be "locked up" in large numbers.

The ups and downs of the economic reshuffle in the past few years is equivalent to transferring the wealth of the whole society to the hands of a few winners.

It is a pity that Mitsubishi Estate, which has suffered a huge deficit, is not in this ranks.

Takeshi Fukuzawa took over as the president at this time, which meant that he was ordered in the face of danger, and one of the thorny problems he urgently needed to solve was how to get rid of the extremely glamorous burden of Rockefeller Center.

This bunch of buildings, which were recognized as national historic landmarks by the U.S. government in 1987, did give Mitsubishi Estate a lot of face at first, but now, Mitsubishi Estate only wants the front.

The senior management of Mitsubishi Estate has been discussing intensely—if it is really not possible, just find an appropriate time and let the Rockefeller Group file for bankruptcy.

And the richest man showed some interest in Rockefeller Center, which made Fukuzawa Takeshi think that this might be a retreat opportunity that takes both face and insider into account.

Since the previous foreshadowing has been well done, when we meet again, we will talk about official affairs openly and honestly.

"Since you are interested in the Rockefeller Building, you need to start with the Rockefeller Group." Fukuzawa Takeshi took the lead and said: "Currently, Mitsubishi Estate fully owns this company [-]%."

"I have already understood this point." The richest man said while pouring tea for the other party himself.

"It seems that Tang's heart is quite anxious - as long as the initiative is on our side, it will be easy." Seeing this scene, Fukuzawa Takeshi couldn't help thinking beautifully.But he didn't realize that his heart was very eager.

"But..." Tang Huan picked up the tea cup and said slowly: "My think tank team told me that the overseas real estate investment of one book is no longer 40% of what it was four years ago; and the Rockefeller Group invested by Mitsubishi Land has caught up with this. In the past few years, the U.S. economy has been in recession and Manhattan real estate has been sluggish. As a result, the average rent per square foot in Rockefeller Center has only hovered around US$[-], which has been unable to bring profits to Mitsubishi Land, so that it is not far away from bankruptcy."

Listening to Mr. Richest Man’s narration, although Fukuzawa Takeshi tried his best to control it, the teacup in his hand still overflowed with tea—the warm and hospitable Tang listed such a lot of data that made Mitsubishi’s sleep and food difficult. Are you ready for a bargain?

Reluctantly drank the tea, Fukuzawa Takeshi concealed his uneasiness, and argued: "It's not that bad. After all, the economic situation in the United States has recovered significantly, and the real estate market in Manhattan will definitely improve accordingly. The average rent of $70 in the future is not a problem."

"Maybe." Tang Huan looked at the other party with a smile, "But you also said that this is the future."

Fukuzawa Takeshi's originally eager heart suddenly cooled down—Tang is across the Pacific Ocean, and he has a clear understanding of the details of Mitsubishi's land.

Seeing that Fukuzawa Takeshi was speechless, Tang Huan continued: "Although you and I have known each other for a short time, we hit it off right away. Naturally, there is no need to bring a lot of red tape to be so inefficient when we communicate. For example, when Mitsubishi Land When the Rockefeller Center was acquired, the luxurious team was completely unnecessary."

"That is, that is. Tang is knowledgeable and talented, and he speaks Japanese so fluently, which is really admirable. There is really no need to set up redundant links in everyone's communication." Takeshi Fukuzawa nodded again and again, and deliberately joked: " You see, we can even save on translation.”

"Thank you." Tang Huan laughed loudly, and then said with all his heart: "In this case, everyone should open the skylight and speak honestly - I want to use the Rockefeller Center to help the Internet company I invested in gain momentum, and Mitsubishi's current account The data is not ideal, and cash flow needs to be improved urgently, and each other can get what they need, which can be described as a match made in heaven. I don’t know, what do you expect from Mitsubishi Estate?”

Seeing that the core issue was touched, Takeshi Fukuzawa hurriedly lifted his spirits, and said according to the ideas he had prepared before: "When Mitsubishi Estate purchased the Rockefeller Center, it invested 2200 billion yen. You also know that one of the characteristics of real estate is value preservation... ..."

"I'm sorry, I couldn't help it and wanted to correct it." Tang Huan waved his hand and interrupted the other party's speech. "The economic trend in the past few years has proved that real estate may not maintain its value. This is exactly what a company is doing. This misunderstanding in corporate statistics makes us very passive now."

"It's just that the bubble has been squeezed out..." Facing the sharp gaze of Mr. Richest Man, Fukuzawa Takeshi suddenly lost the motivation to debate, and said with a wry smile, "Then what kind of quotation can Tang give?"

"Look at this, we have two stages - the first step, I invested 8 million US dollars to acquire 51% of the shares of the Rockefeller Group; the second step, it will be completed in one year. This price is higher than that purchased by Mitsubishi Land." When it was Rockefeller Group, it was much higher, just in line with your expectation of real estate value preservation.”

Takeshi Fukuzawa's face suddenly turned into a bitter melon, "Can Tang quote the price in Japanese yen?"

You know, Mitsubishi Estate carried Japanese yen and went to the United States to acquire Rockefeller Center.

At that time, Mitsubishi Estate shrewdly took into account the exchange rate changes of the US dollar against the Japanese yen, so it chose not to complete all transactions at one time.

During this process, the exchange rate of USD/JPY fluctuated from 160 to 130; but just this month, the value of JPY/USD rose to an unprecedented 103.48:1.

According to Tang Huan's quotation, just a rough calculation shows that this figure is not even half of the original 2200 billion yen.

Of course the richest man understood what Takeshi Fukuzawa meant, but at this time he showed off his acting skills again, and replied disapprovingly: "If Mitsubishi Estate wants Japanese yen, when I transfer the money to you, I will give it to the bank to exchange it." That's it."

I didn't mean that - Takeshi Fukuzawa almost cried.

"When buying and selling American properties in the United States, it is natural to use U.S. dollars. Wasn't it the same when Mitsubishi Estate acquired Rockefeller Center?" Tang Huan was embarrassed for a while, and then he said in realization, "You mean The exchange rate of the yen against the U.S. dollar is very different now than it was in the past.”

Takeshi Fukuzawa nodded repeatedly like a chicken pecking rice, not to mention how grateful he was - the communication with Tang was so smooth!
Tang Huan sighed sympathetically, "Then, have you ever thought that according to the current appreciation trend of the yen-dollar exchange rate, breaking through the 100 mark is just around the corner. At that time, wouldn't it be even more unacceptable for Mitsubishi Estate. "

Fukuzawa Takeshi was immediately dumbfounded—isn't it? Compared with the downturn in the domestic economy, the yen is not as strong as usual, and no one can stop its appreciation.

Even after entering the 1990s, China's trade surplus with the United States still existed, especially in high-tech industries and the automobile industry.

Therefore, the Clinton government used various methods to intervene in the appreciation of the yen.

On the other hand, the deficit policy of the United States itself has also caused the depreciation of the dollar.

International capital even exchanged the US dollar in their hands for a strong yen.

When various factors such as these are added up, anyone with a discerning eye will understand that the moment when the exchange rate of the yen to the US dollar will appreciate to 100 is just around the corner.

And this will make the investment figures of Rockefeller Center on Mitsubishi Estate's books even more ugly.After all, it is a real estate company based on a book.

"When I do business, I always emphasize a win-win situation. Money can never be earned, and friendship is more precious." Tang Huan said in a persuasive way: "The reason why I let this transaction be carried out in stages is because of Mitsubishi's consideration of the exchange rate of the yen against the Japanese yen. The issue of the exchange rate of the U.S. dollar. I first obtained 51% of the shares of the Rockefeller Group to achieve the purpose of controlling; one year later, I will complete the rest of the transaction. The level of acceptance. And, don't you forget, I'm giving Mitsubishi Estate the most precious cash."

Fukuzawa Takeshi showed emotion - Tang was right.

Tang Huan continued the hot tea for the other party again, and concluded in a tone of empathy: "Actually, what does Mitsubishi Land's shortfall in investing in Rockefeller Center have to do with Fuze? As soon as Fuzepu took office, he put this Assets were resold at a good price, which effectively improved the company’s cash flow—although the price is based on US dollars, this objective situation cannot be changed by anyone, not to mention that you have done your best to transfer the remaining Postponed to reduce losses."

Fu Zewu closed his eyes and sipped tea, pretending to be intoxicated, and quickly calculated the gains and losses in his mind. He found that Tang Huan's proposal was indeed a solution that everyone was happy with. It allowed him to solve the difficult investment of Rockefeller Center cleanly, which greatly benefited Quickly establish prestige in the company.

"It's really a blessing to do business with a wise man like Tang." Fukuzawa Takeshi opened his eyes and admired sincerely.

Tang Huan said calmly: "You can take this plan, go back to the book, discuss it again, and also observe the exchange rate trend of the yen against the dollar."

Fukuzawa Takeshi, who was distracted, was a little embarrassed, but fortunately, he wanted to urinate, so he quickly apologized and covered it up by urinating.

Looking at the other party's figure hurriedly rushing to the bathroom, Tang Huan smiled playfully - I don't know if you will cry or laugh when the exchange rate of yen to US dollar reaches 80:1 in a year's time?

(End of this chapter)