> the Japanese briefly gaining and losing control of the NBC/GE conglomerate. Japan never owned GE or NBC. They bought a 51% interest in Rockefeller Center (wh

> the Japanese briefly gaining and losing control of the NBC/GE conglomerate. Japan never owned GE or NBC. They bought a 51% interest in Rockefeller Center (where NBC was/is based) in 1989 [1], which is just real-estate. The high prices the Japanese often paid for trophy real-estate and businesses during the bubble years, is often held up as a reference point to the end of the run. China began doing something similar just before Xi came to power, then Xi put a hard stop to it. [1] https://www.nytimes.com/1989/10/31/business/japanese-buy-new-york-cachet-with-deal-for-rockefeller-center.html https://www.nytimes.com/1989/10/31/business/japanese-buy-new...