Chapter 1,232 Bubble Atmosphere(2/2)
The winning rate is one in ten people and one in three households.
Because the proof of participation in the lottery is a resident's card, and everyone in Japan has a resident's card.
So the Japanese took the resident certificates of 90-year-olds and newborn babies and joined the lottery like crazy.
On the day when the results are announced, at the entrance of the securities store, you will see husbands or housewives who failed to grab the stocks secretly crying.
The "lucky ones" who successfully subscribed to NTT's new shares excitedly held a banquet, as if this new share subscription was really a sure profit.
Well, yes, facts have proven that this thing is really a "guaranteed profit without loss".
At least in the beginning.
NTT, a state-owned enterprise, publicly issued new shares, which the Japanese likened to a "god coming to earth". The closing price on the first day after listing reached 1.6 million yen (February 9).
As a result, Japan's largest company with a market capitalization of approximately 25 trillion yen was born.
Not to mention, just two months later, on April 2, NTT's stock price reached a high of three million yen.
It actually increased by 200% in such a short period of time.
Therefore, just like the huge success of "Hanwa", Japanese companies have madly participated in financial speculation and real estate speculation.
The same is true for NTT. Presumably the social significance of this stock is far greater than its stock value.
It is NTT that leads the Japanese people from financial spectators to financial participants.
It is precisely because this universally held stock has soared this year that a large number of Japanese who were originally indifferent to stocks have slowly begun to listen to relatives and friends around them talking about the myth of NTT and how easy it is to make money from stocks.
Slowly get caught up in speculating stocks.
The social atmosphere of getting something without working is becoming more and more intense.
In addition, the general environment at that time was extremely conducive to the growth of the "bull market". The yen appreciated, traditional export revenue dropped sharply, a large number of Japanese companies joined the financial speculation industry, and the Japanese government implemented tax cuts and interest rates, and invested huge funds to stimulate the market.
This is more conducive to the trend of "national stock trading" growing like a snowball.
Just imagine that when we Chinese people face a "bull market" in the future, don't our friends and family around us also keep talking about "making money from stocks, making money from stocks"?
The same is true for Japan in this era.
What's even more coincidental is that Director Taniguchi's family is one of the lucky newcomers. The four stocks they own have now become 12 million yen.
So even though Ning Weimin came here just to chat, Director Taniguchi and Mrs. Taniguchi couldn't help but turn the conversation to this stock.
Because they believed in Ning Weimin too much, they sincerely asked Ning Weimin for advice on how to operate this stock.
So Ning Weimin was at his wits end, knowing that he couldn't escape. Due to his friend's reputation, while being happy for Director Taniguchi, he had no choice but to give directions to Director Taniguchi.
Suggested to him that since the profit is huge, it is better to sell it and settle down.
Chapter completed!