JP via RSS
MTU>3 with 11 cent dividend~
Buying a great bank on bad news.
In 1989 Japan was poised to do what it did not accomplish in 1945 – take over the world – by zaibatsu pyramid power industrial strength finance, not force.
http://en.wikipedia.org/wiki/Zaibatsu
Japanese Banks, Brokers and Corporations were then the biggest in the world, and downtown Tokyo Real Estate was
worth more than all of California, if not the entire USA.
In 1987, with the help of introductions from San Francisco corporate and Israeli military families, I made American Closely Held Equity presentations to the Big Four in Tokyo plus Nomura during the World Orchid Conference.
I prepared learning Japanese and reading Japanese POW Prisoner of War Ayn Rand admirer James Clavell best seller novels, films and TV mini-Series Nobel House, Shogun and Tai-pan.
http://en.wikipedia.org/wiki/James_Clavell
Beautiful boardroom geisha who spoke perfect English politely ushered me to rich plush Penthouse Boardrooms to make the presentations amid antiques, art, ceramics, scrolls and tapestries dating from the 1607 Edo, Meishi and Showa periods.
The deeply bowing gentlemen who spoke English and attended Harvard and Stanford listened attentively and laughed politely.
They said Americans had 5-year time-lines for strategic plans, while Japanese had 5 century timelines.
Today Westerns on Wall Street may have 5 microsecond time lines, while Easterns may have extended their conceptual scale to honoring all ancestors and future generations with peaceful progress.
I did note Japanese corporate strategy style was more Go, the 2500 year-old Confucian/Japanese territory game conquering market share, while ours was more the modern Persian/Indian game of Chess concentrating on profits.
http://en.wikipedia.org/wiki/Go_(game)
http://en.wikipedia.org/wiki/Shatranj
Of course we all know pride comes before the fall. Two years later, Japanese Global Hegemony and peaked and was on the wane.
