About 26 years ago, I started my own company in San Francisco and San Jose Califorinia. I've been doing business for about 26 years.

When I left the U.S. In 2000, the IT bubble economy would collapse because I was watching the situations in silicon valley.

Since I knew it from looking inside, I told many people, "Market will be crushed, the U.S. will be crushed and Japan will be crushed, too."

However, no one believed me. But Many companies that later went bankrupt after Lehman shock in 2008 and 2020.

They hardly trusted. In Japan, After that, when Yamaichi Securities and Hokkaido Takushoku bank went bankrupt in 1997, everyone suddenly realized that. At the time of everyone, lined up in Hokkaido.

Since then, everyone has been silent. However, after that, what followed immediately was the major restructuring of non-financial companies including the manufacturing industry.

Most people thought it was someone else's business, but then they went into chaos after many companies were gone and some other major restructuring.

There were a few critical moments at that time. First, the stock market plunged in 1990(Heisei era). The smartest people were selling everything from golf memberships to real estate in 1989(Showa era).

This was the best answer. There were only a few people who did this. That’s why there were only a few people who sold out before the crash.

From there, when it crashed in 1990, most people were silent about stocks. It went from Nikkei Stock Average 39,000 yen level to 32,000 yen level in half a year.

The people who bought a lot here were the ones who lost the most. The losers bougut a stocks. When it went from 39,000 yen to the 32,000 yen level.

Since they went as far as the low 20,000 yen range, their property was extinguished there. There were many companies that went bankrupt because of that.

There were quite a few such cases in corporations. Then, it dropped to 14,000 yen in 1992. At that time, both the government and banks were in panic.

What saved the panic at that time was the injection of pension funds by the Ministry of Finance. The Finance Ministry was in charge of managing pension funds at that time, and they bought stocks with pension funds. As a result, everyone thought.

In the 1992 to 2020 since then, most Japanese stock investors have faith in the belief that stock prices are backed by the Japanese government and Bank of Japan.

Believers are hard to be saved. They think, the government will save us. The U.S. will save us someting like that.

Who never been saved, as a result that they lose money every time there's a crash. In 1992, some people gave up.

I think, thought, same goes for Japanese companies this time. There were many people who went out at that time in 1993.

At that time, not everyone thought it was strange, and there was no panic yet, so I was able to move around quite easily. Then, it happened in 1995.

In 1995, small banks started to go bankrupt in Japan. Then, after the Great Hanshin Earthquake(117), the atmosphere changed drastically, and some people began to think, "this won't come back."

It was helpful for the people who decided in 1985 that stock, real estate and bubble would not return and sold out there.

1995 was probably the last year. Those who had sold everything by 1995, changed their minds, stopped their old business, and rebuilt, generally had a chance after the crash.And 2021 will come soon.

25/Apr/2020

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16/May/2020