This day was the largest one-day drop in the history of small days.
At 11:12 a.m., 13:20 a.m., 13:36 p.m., 13:58 a.m., 14:26 a.m., 14:58 p.m., the fusing mechanism was triggered six times.
The Nikkei 225 stock index opened at 22362 points in the morning, closed at noon at 20125 points, and closed at 14311 points in the afternoon.
In just one day, the Nikkei 225 stock index fell from its highest point of 22362 points to 14311 points.
A 64% decline.
10,000 shares of floating red turned into 10,000 shares of floating green, and the wealth of small days shrank by 64% in one day.
After the glory is guided step by step, starting with the collapse of the original Higashii Kyowa Credit Union.
The wealth of the people in all small days is also changing direction, from the bottom credit unions.
Transformed into a bank, starting with Higashii Taiga Bank, the bank also became unsafe.
People's money once again flowed to the stock market and the property market.
Under the order of glory, the property market/stock market was pulled up, plus the hot money of the people in small days joined.
The stock market/property market reached a new high, further attracting people to increase investment.
To be able to easily complete all this layout, in fact, the policy of the small day government plays a decisive role.
In order to promote the consumption heat of the people in small days, to achieve the effect of promoting economic development.
The tolerant policy implemented by the government, printing a lot of money, left everyone in debt in small days.
This is what makes this a situation.
If the money is not invested in the hand, the interest rate of the bank can overwhelm the people.
Although the government has been lowering interest rates in small days, it can't hold the amount!
!
The bursting of the stock market bubble also caused a chain reaction, and the property market and futures market also fell.
The property market was about $13,000 per square meter on the day, and it had fallen to $6,500 per square meter in the afternoon.
People who have just joined the property market were immediately dumbfounded!
Shortly after the purchase, the $1.3 million house turned into $650,000.
These people are not the worst.
Those who have just completed a loan at the bank find out in the blink of an eye that they can actually buy a new house with a loan owed to the bank.
Half of the down payment I paid directly shrank and shrunk?
Equivalent to a house purchased with 0 down payment.
And their own money is directly gone!
Just ask if you are making trouble?
And large companies are not happy, among which real estate companies and banks are the most uncomfortable.
The real estate company has just finished taking out a loan to build a building, and has not yet started selling, shrinking by half!
The construction money that has just been collected, people don't want it directly!
The money owed to the bank, still intact!
And the bank is even more uncomfortable!
The money that just took out to buy a house, because the property market depreciated by more than half, most of it directly became bad debts and bad debts!
If there is a person who loses trust, it is an old lai!
What about the loss of trust by everyone? Has it become a common phenomenon in society?
10 February 1995
The day after the stock market meltdown.
Real estate companies have declared bankruptcy one after another, and banks have failed!
Large companies announced layoffs in order to weather this critical period in an attempt to keep the company alive.
People who can't pay their mortgages, people who can't pay their rent, the streets are also crowded.
Bankruptcy, companies, mortgaged properties, cars, etc. are all collected by banks for auction.
Overnight, the rich become negative everywhere!
On the street, under the bridge, and in the woods were also preempted for the family to live in.
Unemployed, bankrupt, sitting on the road stunned, thinking about what to do next!
The streets are congested and impassable to vehicles.
In fact, these are still good, there are still more people who cannot accept the collapse of the company, and the bank loan cannot be paid.
Those who choose to jump off the building, pull a cushion before dying!
All in all, the little days are completely messed up!
Faced with such a situation, Matsushita Shousuke sent a large number of Self-Defense Forces members to maintain order.
Going down the well to fish was once a senior management of a large company, why is it said to be Zeng ?
The company went out of business!
Faced with unemployment, bank loans, and rent recovered, he did not choose to end his life, but rushed to his rural hometown with his wife and children.
I plan to live a while, wait for the time to come back, get through this limelight, and continue to look for work and support my family when I come back!
His home is a suburb, and although there are countless people on the road, it is still passable if you are careful.
"Dad, why are they all lying on the road?" the five-year-old son looked curiously at his driver's father.
"They're protesting, they want the government to control them!" the sound of the fish in the well was a little whimpering.
"Dad, there's a fire there. The son pointed in the direction again.
"It's okay, it'll be fine in a few days. He went down the well to touch the fish without answering, and said perfunctorily.
The car had just driven out of the city, and I thought it would be better when I got to the township.
But when I came to the county town of my hometown, I saw the county town full of black smoke, and my eyes showed despair.
"Has it all spread to the townships?" he drove the car to his hometown.
Looking at his father who was angry in the room, he went down the well to fish and slowly pushed open the door.
"Dad, I'm back!"
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