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

Chapter 227 Bubble Prologue Special Congressional Election Speech

Since traveling to Japan, Kitahara Sosuke has imagined countless times that the Japanese economy collapsed in the 90s and the various scenarios that may appear in Tokyo, Osaka and other places when it is heading for the lost 30 years.

What role will I play in it at that time?

Is it the black hand behind the scenes who contributed to the flames and made trouble?
Is it an emerging consortium that took advantage of the opportunity to rise aggressively?
Is it a cold-eyed, unknown rich man who is alone?

Maybe I will make a lot of money during that period, and will maintain the enthusiasm of this era when I first came to this country, and continue to struggle to create a brand new financial empire with my own hands. Maybe I am tired of that kind of life long ago and retire early , with a huge wealth to live the salty and wet life of the rich and leisurely.

He had thought too much, and imagined a lot, but he never expected that in the early stage of the collapse of the bubble economy, he would sit in the detention room of the Osaka Police Headquarters, looking at the four black walls, in this way Welcome to the end of this era.

1990 10 Month 1 Day.

Bank of Japan President Yasushi Mie officially burst the five-year-old Japanese bubble economy.

NHK, Japan's state-run broadcaster, has broadcast a prime-time special on land issues for five consecutive nights since he last announced tighter real estate loan grants.

The "land experts" controlled by consortiums and the government pointed out that land prices can fall, and proposed that Japan's land prices should be reduced by half. At the same time, they advocated the reform of the land tax system and restricted real estate financing.

This program was like a blockbuster, and its huge impact on public opinion opened the prelude to the bursting of Japan's bubble economy.

With the broadcast of this program as a turning point, land prices in Japan began to drop explosively for the first time since the end of World War II.As mentioned in the program, as of October 10st, land prices in the six major cities have fallen by more than 1%, and the speed is still increasing, which cannot be stopped.

The price of Tokyo real estate that used to be 2 million is now reduced to less than 1.4 million, and few people are interested.

The huge real estate bubble began to burst from Tokyo and quickly spread to the whole of Japan.

The land and houses could not be sold at all, and the buildings that were completed one after another had no residents, and empty houses were everywhere.

For example, the central area of ​​Osaka is an economic development zone planned by Yasushi Kawatani, governor of Osaka Prefecture. There are many real estate buildings and apartments everywhere. The opening price is 1.5 million yen. to a scene like a ghost town.

Can't sell, the house won't sell at all!
Japan's major real estate trading markets have long been paralyzed, and the middle class who have taken over real estate from consortiums and the government, general club presidents, and ordinary people who delusionally use real estate as investment have suffered completely.

Most of them buy a house with a mortgage. Now the loan amount remains the same, but the value of the property has suffered a terrible Waterloo. After going back and forth, the assets in their hands have shrunk extremely!
Where did the money go?
This is the doubt in the hearts of more than 80% of people in Japan.

A few months ago, they still had a lot of assets and cash in their hands, and they were the richest group of people in the world!
The upper-class circles that managed to get out of the real estate market and the stock market only suffered a big stumble in the Gulf War. They suffered heavy losses, but only a small number of people were hurt at the root. As long as they continue to suck blood from the national economy, they can always recover.

And everyone else who paid for their stupid long oil behavior went straight to hell.

Joint protests and demonstrations were carried out in various places, and the people frantically rushed into various banks to withdraw money, demanding that the government give a reasonable explanation for the Gulf War.

The person who jumped off Juliana Tokyo last night was Yoshiaki Tsutsumi.

In sharp contrast to the bustling nightclub life, those real estate businessmen and real estate speculators are the first victims after the bursting of the bubble economy.

Tsutsumi Yoshiaki, who controlled nearly one-sixth of the real estate in Japan, was once the richest man in the world. He was obsessed with real estate management and devoted all his company to the holding and trading of real estate. He wanted to make huge profits and become a veritable world real estate tycoon.

He not only holds a large amount of real estate in Japan, but has also made various amazing investments overseas. However, with the crazy appreciation of the yen, the New York building originally purchased with 10 billion meters of gold (about 1400 billion yen) is now only worth 1000 billion yen. (As the exchange rate rises, 10 billion meters of gold can only be exchanged for 1000 billion yen), an instant loss of 400 billion.

Such investments abound in his hands. With the further appreciation of the yen, Yoshiaki Tsutsumi lost more than 2 trillion yen at once.

At its peak, his Seibu Group had 10 employees, resort hotels all over Japan, and assets worth as much as US$1650 billion. Now, the total assets have shrunk to only half, which can no longer cover his high loans.

There are different opinions on why this boss committed suicide. In short, after his death, the huge Seibu Group collapsed completely. A very small part of the assets under his name were inherited by his descendants, and some were taken away by the bank. Just this morning, the Finance Department of the Ministry of Finance accused Yoshiaki Tsutsumi was suspected of treason, falsification of financial certificates, malicious real estate speculation and many other crimes. The Tokyo District Prosecutors filed a public prosecution and confiscated most of his remaining assets!
This is the first scapegoat to be killed.

Kitahara Sosuke clapped the newspaper in his hand, feeling sorry for this boss who refused to leave the real estate market. In the end, Seibu Group had very limited things left for his family and employees, and most of them went into the pockets of the government and financial groups .

And that one-sixth of the real estate in Japan (including resort hotels, apartment buildings, golf courses, etc.) will be auctioned and sold by Tokyo courts.

There is a color TV in the detention room, so that Kitahara Sosuke can see the details of the special congress at the first time.

In response to the indignation of the people, the two Houses of Parliament jointly convened a special parliament, summoning members of the cabinet of Toshiki Kaibe, the President of the Bank of Japan Yasushi Mie, and the Prime Minister of the Ministry of Finance Hashimoto Ryutaro, and asked them to tell the people about the Gulf War. explain.

On the TV, Toshiki Kaibu, with a serious face and complicated expression, could only bow silently in the face of the aggressive attitude of the members of Congress, expressing his sincere apology for the previous behavior of participating in the Gulf War with the foundation of the national economy!
"As the prime minister, I failed to fulfill my duties. I hoped to use this Gulf War to take off the national economy and let us stand on top of the world, but the fiasco of oil futures caused heavy losses to the national economy. It was all my fault , I am extremely sorry!"

Kaifu Toshiki's resignation was also formally proposed today, but before Congress confirms the next prime minister, he will still act as prime minister and be responsible for handling daily affairs.

His resignation is expected, the key is who will take over this position later.

Foreign Minister Abe Shintaro with a pale face was the second to speak. I don't know what medicine he had taken, and the non-stop coughing finally stopped, but his voice was still very weak and his breath was weak. One could tell that his health was extremely poor.

".The focus of the Ministry of Foreign Affairs' work this year is to assist the Prime Minister in the handling and communication of the Gulf War. Although the Prime Minister made a mistake in this futures transaction, the Ministry of Foreign Affairs' external work has been smooth. As the victor in the war, Japan has been widely recognized. It was well received by other countries, and through this war, Japan’s new domestic pattern was revealed to the world.”

"In this Gulf War, the Ministry of Foreign Affairs accidentally received a shocking report when it was dealing with foreign affairs. The anonymous informant claimed that the deputy head of the Tosan Osaka Chuo Branch, a banker named Kitahara Sosuke, had an affair during the Gulf War The U.S. consortium used illegal means to raise funds to short crude oil futures, making a profit of up to 123 billion meters! In this regard, the Ministry of Foreign Affairs has immediately asked the Tokyo Metropolitan Police to conduct a comprehensive investigation”

When Kitahara Sosuke heard that his name was actually mentioned in the Congress, he was taken aback for a moment, then watched Shintaro Abe's performance like a clown, he made a heartbroken expression, wishing to condemn himself immediately, and put the 2 trillion yen Money pocketed.

Treason and espionage are among the most serious crimes, and once confirmed, they are likely to be sentenced to death.

In Japan, the execution method is the most painful hanging.

The foreign minister's words immediately aroused the curiosity and desire of the people. Compared with those charges against Kitahara Sosuke, they want to know what kind of person he is, who can bear the burden of not knowing how many years. Treason and espionage that have never appeared before!
After Abe Shintaro finished speaking, he returned to his seat and remained silent.

He did not publish an election manifesto, which seems to have recognized his true situation and gave up the idea of ​​competing with Noboru Takeshita and Kiichi Miyazawa.

After that, Yasushi Mie and Ryutaro Hashimoto took the stage. As the controllers of the two major economic pillars in the country, they announced the total losses caused by the Gulf War and the 8 trillion losses caused by the bank!
The amount of only 8 trillion made Kitahara Sosuke want to laugh. Is this fooling the children?
In such a big war, almost all Japanese conglomerates and businessmen entered the market with long as the core means, and only lost 8 trillion?
Congress was in an uproar, apparently dissatisfied with the so-called financial report.

Yasushi Mie and Ryutaro Hashimoto finished reporting under tremendous pressure, and walked off the stage in despair.

Afterwards, Noboru Takeshita prepared his campaign speech.

A few years ago, he stepped down due to the Rikurut incident, and the secretary committed suicide because of it. Since then, he has faded out of politics. Now 66-year-old Takeshita once again came to the National Assembly Hall to speak as a candidate for prime minister.

With a calm and powerful voice, he first affirmed the outstanding contribution made by Kaibu Toshiki's cabinet, and then pointed out the recklessness of the Gulf War, indicating that if he were himself, he would never let this happen.

These words made Toshiki Kaibu's teeth itch, but there was nothing he could do about his resignation, and it was also the intention of the American consortium behind him. He could only watch Takeshita talking loudly by stepping on his own position.

"...If I am lucky enough to be the prime minister again, I will step up efforts to rectify the inappropriate social atmosphere in the country, and try to eliminate the adverse effects of the Gulf War through various policies. Citizens need not be afraid. The decline in land prices and crude oil The failure of the futures is only a temporary defeat, and it will not have a terrible impact on our country. Just like the newly built Juliana Tokyo in Minato, our life will still be better, and the national economy will take off again."

"What we want to sanction are those unscrupulous entrepreneurs and bankers like Yoshiaki Tsutsumi and Sosuke Kitahara. They shamelessly embezzle the national economy for their own benefit. Such scumbags will definitely be punished as they should be. We Promise again."

Kitahara Sosuke watched Takeshita talk in Congress, and couldn't help laughing. I hope he can only fulfill those promises as he said.

(End of this chapter)