The Kyoto Bubble Era: Starting from the Sale of Hundreds of Millions of Properties

Chapter 110 Announcement of the total amount of land restriction policy
On April 1990, 4, just four months after the burst of the stock market bubble, the bad debt problems that had plagued many banks for a long time were resolved through the rebounding housing market.

At the same time, the consortium's injection of strong capital into the real estate market has aroused the dissatisfaction of countless citizens, and the momentum of the demonstrations on the streets is similar to that when the consumption tax was first introduced.

The singing and dancing of the upper class and the wailing of the middle and lower classes played out at the same time, and the country was on the verge of collapse.

Kitahara Sosuke, who was still asleep early in the morning, was awakened by the ringing of the phone. He picked up the phone, resisted the urge to throw it away, pressed the reject button, and continued to sleep.

"Cang Jie, Cang Jie's phone is ringing." Kobayashi Kyoko's voice came from under the quilt, she moved her body slightly, and reached for the phone, but found that she couldn't touch it anyway.

Kitahara Sosuke fell into a deep sleep again.

She sighed helplessly. In the past few days, she was worried that Kitahara Sosuke would not be able to eat well, so she came here to cook and clean up, but was forcibly left behind by this nasty big bad wolf.

She reached out and pushed Kitahara Sosuke, who was hugging her, but the latter didn't respond at all, so she smiled slyly.

Kitahara Sosuke was completely awake this time.

He picked up the phone behind his head: "Moxi Moxi."

"Cangsuke! Something big happened!"

Hashimoto Shota's voice roared from the phone.

"Shota? Are you getting married?" Kitahara Sosuke teased.

"It would be great if we really got married, Brother Cangsuke is so humorous~" There was a faint girlish voice from over there, it was Ryoko Uchida.

Well, my dear brother, the situation is similar.

"Go, go, I'm busy with you. I'm going to discuss business with Canosuke." Hashimoto Shouta made a few coquettish calls, and then changed back to his voice, "It's really a big deal! Today we will be the Director Tsuchida In the name of the government, an official announcement was issued to implement the policy of restricting the total amount of land!"

Kitahara Sosuke was shocked.

So fast!
Kitahara Sosuke, who returned to the bank, once again saw the lifeless atmosphere in the branch.

Now even the sales department downstairs is frowning.

He ran up to the second floor, and Fujiwara Norika hurriedly handed over an internal document.

"Conference room, morning meeting for financing class." Kitahara Sosuke beckoned.

Now there are only two departments left in the first course of financing, the third department of financing and the second department of financing, and the first department has been completely disbanded.

The head of the second department was an elderly employee who was airborne from the Osaka branch. He was 36 years old and had been holding a director-level position. This time Mitsuo Oshima was exiled, so he filled the vacancy.

Probably because he was beaten severely at the branch, he was very obedient and never opposed Kitahara Sosuke.

The total land mass restriction policy requires:

[-]. Control the growth rate of loans for the real estate industry below the level of the overall loan growth rate;
Second, report on the implementation of financing for the real estate industry, construction industry, and non-bank financial institutions.

This is a strong administrative guidance policy based on "necessary measures should be taken in legal, fiscal and financial aspects" in the Basic Land Law.

The detailed rules contain countless restrictions. Simply put, it requires all banks to control the total amount of loans related to the real estate industry and adopt austerity policies. At the same time, they must report all existing loans, and those that do not meet the regulations must be withdrawn immediately!
This is tantamount to a blow to all banks!
In order to fill the bad debts, they frantically made real estate loans for four months, plus the previous stock, to control the total amount below the level of other overall loans, which is tantamount to letting them recover all of them!
At the same time, restrictions on new loans mean that there will be no new leeks entering the housing market.

The current situation is that the consortium has invested funds to stimulate the real estate market. Seeing the rapid rise in housing prices, the following real estate speculators, investors, and various clubs think it is profitable, and follow the footsteps of the consortium to enter the market and speculate in real estate together.

They invested all their own capital and continued venture capital with bank loans.

After such a huge infusion of capital, housing prices in the six largest cities have soared to shocking highs in the world.

Waiting for the consortium to stop, then the lower level investors will withdraw their capital one after another. The delay of information is bound to make the latest leeks be harvested, and some of them will be eaten by the people.

The people have to buy houses because of their rigid needs, and pay for these investors who speculate in real estate.

When housing prices fall, these citizens will be the biggest takers!
This was originally a very perfect circle, and the approach of the Bank Bureau is to limit the inflow of funds at the source.

This will lead to a direct collapse of the housing market!

Except for the consortium, no one else is eligible to enter the market. It is conceivable that once the bank starts to tighten, a large number of investors will sell houses.

The most frightening thing is that the first wave of selling is so fierce that it may cause no one to take orders!
No one picks up the mess, which means the housing market has collapsed at its peak.

Completely stuck.

Either the consortium pays a lot of money to help them take over the deal, or
"Find out how many real estate-related loans there are under the name of the first financing class." Kitahara Sosuke was not in a hurry.

After the name of "Devil's Section Chief" spread, there were almost no real estate-related loans to find a financing lesson, and their performance plummeted, all of which were concentrated in manufacturing and other fields that no one cares about.

Norika Fujiwara and the others looked through it, and finally came to the conclusion that all real estate-related loans are "permitted bad debts" accounts.

They were in a special situation and were involved extensively. Many of them were important political figures. The money could not be recovered in the first place, and Kitahara Sosuke didn't care at all.

Everyone let out a sigh of relief.

Qi Shushua looked at Kitahara Sosuke with admiration and respect in his eyes.

On the other side, other classrooms were completely blown up.

Waves of incompetent and furious roars came out, which made them laugh in their hearts.

These vacillating colleagues jumped from the Kitahara camp to the president camp after seeing Naoto Asano rise again.

The policy of continuing from the head office has completely destroyed many branches and sub-branches.

"What kind of turmoil will happen?" Fujiwara Norika held the document and looked at Kitahara Sosuke.

The efforts of the past few months have not been in vain.

After the stock market bubble burst, the housing bubble was finally burst.

It's just that the follow-up impact is far beyond everyone's imagination.

"Continue to do the work at hand." Kitahara Sosuke waved his hand, and the staff of the financing class left the meeting room with a relaxed mood.

The housing market exploded, so what?
They can neither afford houses nor lend money to those people.

Office of the Branch Manager.

Sakurai Saeko hadn't walked out the door when she heard a loud "bang".

Naoto Asano fell to his knees directly!
Didn't you say that the housing market won't collapse this year?
As long as he gets through this year, he will be able to leave the branch!

Why, at this moment, the Bank Bureau would rather offend the six consortiums than issue such an order!

why!
He cried out in his heart.

Suddenly, only the figure of Kitahara Sosuke and his joking words that night were in front of him.

"Naoto Asano, wait for your death."

(End of this chapter)