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

Chapter 228 I'm not here, I have to stop!
1990 10 Month 2 Day.

With the crazy drop in land prices, Juliana Tokyo is becoming more and more popular day by day. On October 10st, it reached the peak flow of people, and the stock price also climbed to the highest point on this day.

But on the second day after the special congress was held, the real catastrophe came suddenly and violently to this country.

The Japanese government is obviously aware of the horror of the bubble economy, especially Mie Noyasu and Hashimoto Ryutaro, who have transferred the economy. They are trying to use the most gentle way to graft the more than 300 trillion losses of the Gulf War to all citizens in the form of real estate. .

There is always a day when the bubble bursts. This is nothing. When the bubble bursts, new bubbles can continue, and innovation can continue to be fooled.

That's true for a healthy economy, but the Japanese economy is not healthy.

For the Japanese economy, the bubble is like a dying old man who is suddenly injected with stimulants. It is true that he can return to life, but the result is often an immediate death.
After this injection of stimulants, the national economy really died immediately.

How big is the gap in the real estate bubble? Before the bubble was punctured, Mie Yeyasu, who was the executor, didn't know.

He had an estimated value in his heart, but it was only at this point that he realized how ridiculous his so-called estimated value was.

On the night of October 10, dozens of local real estate speculators in Osaka hanged themselves in an abandoned real estate building. Several female high school students passing by were scared out of their wits!

The Osaka Prefectural General Affairs Office and other agencies immediately set up an investigation team to investigate the case, and the Miyamoto [-] Police Department of the Osaka Police Headquarters also rushed to the scene as the person in charge of the case.

This time, the main members of the "October 10 Entrepreneur Suicide Incident" were all the presidents of the subsidiaries under the Dadian Construction Group. They ended up tragically in the same way. The police immediately ruled out the possibility of homicide after investigation.

The next day, this incident was published on the headlines of major mainstream media and newspapers, and soon, hidden clues were discovered.

It turned out that the presidents of these subsidiaries took a large amount of loans from the bank in the name of Oyodo Construction and invested in real estate. With the halving of the land price in Osaka, their assets evaporated instantly. It is said that the funds involved in the case were as high as 1500 billion yen.

Soon, the banks that cooperated with them were also revealed one by one. More than 700 banks and financial institutions, including Sumitomo Bank, participated in this loan incident, of which nearly [-] billion yen came from the largest place in Japan Credit Union - Osaka Credit Union.

I thought this matter would end here, but I never thought that at noon on October 10, Chiba Credit Cooperative, the second largest local credit union in Japan, suddenly announced its bankruptcy, and its announced debt was as high as 2 billion yen! ! !

And not long ago, the Chiba Credit Union and the Osaka Credit Union just claimed that by the end of September, they had nearly 9 billion yen in profit!

The credit collapse of financial institutions came suddenly.

That afternoon, the local Pacific Bank in Osaka and 11 other small banks ran simultaneously. Tens of thousands of people ran to the bank to withdraw money, fearing that their money would be used by the bank to lend money to those real estate speculators. Is it just for naught?

A cash transport vehicle speeding on the road suddenly stopped at the gate of Tosan Osaka Chuo-ku Sub-branch, and several security personnel jumped down from it. Afterwards, the manager from Dongyang Credit Bank hurried to the lobby, but was caught by Fujiwara who was already waiting at the gate. Ji Xiang was stopped.

"Please, Dongsan is now the only bank with sufficient funds in deposits, please lend us 1000 billion to deal with the run on, please!" The account manager pleaded directly to Tuxiazao.

He went to various large city banks. Since they did not adopt austerity policies before and allowed loans to be repaid, a large number of bad debts have been generated, and land prices have plummeted. The banks that are lenders to speculators have been hit hard immediately. After asking around, Only Sosuke Kitahara's Tosan Osaka Chuo District branch has sufficient capital reserves.

A long time ago, he ordered the prohibition of repaying loans with loans in the bank, and at the same time rejected all real estate-related loan demands, and even the loans related to the Juliana Tokyo project were all handed over to the Nagoya branch, and he was alone.

Kitahara Sosuke was warned by the board of directors, ridiculed by his peers, and misunderstood by branch employees for this incident. However, in the ten days after he was detained, his foresight was gradually proven.

"Sorry, the reserve funds of our branch cannot be used, and the signature of the branch manager is required." Fujiwara Norika spread his hands, expressing that he could not help.

"Are you kidding? The head of the Beiyuan branch is still in detention. Could it be that without his signature, can't we mobilize a penny?" The account manager broke down in tears, "Please, please help us! We can't get any more money." Money, we're going bankrupt!"

"Sorry, even the board of directors does not have the right to use our sub-branch reserves now. When the head of the Beiyuan branch took over, he made it clear to the board of directors that he will be fully responsible for all affairs of the sub-branch, and outsiders cannot interfere." Fujiwara Norika coldly With a smile, "Please go back, or find a way to bring President Beiyuan out of the detention room."

How to bring it out!

Isn't today the Tokyo court's first trial of Sosuke Kitahara? !
The account manager was so angry and annoyed that he had to leave disgruntled.

This is not the first financial institution to come to the door for help. These days, more than a dozen financial institutions have come to beg them to release their reserves and help them.

These credit unions and non-bank financial institutions are the main force of real estate speculation and real estate loans, and they are also the first wave of financial institutions to suffer. After the run, they will face the anger of the people.

If you can't deal with it, you have to ask the Ministry of Finance and the Bank of Japan for help.

However, the fact is that the Ministry of Finance and the Bank of Japan have no money.

The money has been wiped out by the government now, and all that is left is public funds that are absolutely immovable. Of course, this money cannot be used to bail out non-bank financial institutions like them.

Then there is only one way they can go.

Bankruptcy!

Once this situation starts to happen to financial institutions, it means that the financial turmoil sweeping across Japan has begun.

The manager of the Osaka Branch of Toyo Shinkin Bank, who was waiting at the branch, sat alone in the office. He looked at the shocking deficit ledger. The Tokyo headquarters forged 2400 billion false deposit certificates for Onoue. Handed it over to Onogami, and passed it to Hiroshi Kurosawa.

This part of Kurosawa's money flowed into the Takeshita family to prepare for its election.

It is impossible for the headquarters to ask Takeshita for money, and it is impossible for him to get a relief fund from the headquarters. Now the only hope is Tosan.

The hall outside was filled with a rowdy crowd.

Some people have already started smashing things and yelling, if they still can't pay them today, they will make trouble to the General Affairs Office, or even the Tokyo Ministry of Finance!

Dongyang Credit Bank is about to die.

He called the headquarters, but what he got was a nonchalant "fucking daddy"!
He opened the drawer and looked at the black pistol lying quietly inside.

The noise outside continued.

thump.

The door opened, and it was Da Mu, the account manager he sent to Dongchan, who hurried in.

"Da Musang, what's the matter?"

"Tosan, Tosan will have to wait for Kitahara Sosuke's signature."

"Yes, I see." The last hope in his eyes darkened.

"Branch Manager, let's ask for help from the Osaka Branch of the Industrial Bank of Japan! If they say so, we will definitely."

"boom!!!"

"The branch manager!!!"

1990年10月2日下午3点15分。

The branch manager of the Osaka branch of Toyo Shinkin Bank, a well-known Shinkin Bank in Osaka, committed suicide in his office. On his desk, there were nearly 500 billion bad debt books of the branch. Behind him, the vault was empty, and more than 300 billion deposits belonging to Osaka residents disappeared. .

at the same time.

Osaka Prefecture General Affairs Agency, Governor's Office.

He Gutai looked at the thick stack of official documents that suddenly appeared in front of him, his voice trembling and fearful: "How could this happen!? Did you read it right?"

The secretary was also dumbfounded, he didn't even nod his head.

After the suicide of several presidents of the Oyodo Construction subsidiary last night, six of the more than a dozen local financial institutions in Osaka that were disclosed have directly declared bankruptcy due to their inability to deal with the run on.

It’s okay to go bankrupt, and the amount of bad debts announced after that far exceeds the financial report figures not long ago. Some even stated profits in the financial report, but they actually lost hundreds of millions.

These people who have been corrupted are the hard-earned savings of the people!

Where did the money go?
Where did it go?

This is what people are most concerned about right now.

Hundreds of clubs that cooperated with these financial institutions were affected. In less than a day, He Gutai received news that nearly a hundred large, medium and small clubs went bankrupt. Without exception, they were rotten to the extreme from top to bottom.

Before the exposure, they even pretended to be good, and it seemed that they were still making profits.

At this time, Hegu Taicai finally realized the terrible impact of the sharp drop in land prices.

Land prices plummeted, and countless people were in debt because of this. This debt was the loss of the Gulf War that the government consortium wanted to transfer. Unexpectedly, this part of the loss was too large. Some people couldn't bear it at all and had to commit suicide to escape.

And the chaos of the clubs, institutions, and investors below also exceeded their imagination.

Banks and other financial institutions make loans indiscriminately, and suffer huge losses due to the bankruptcy or death of the debtor. After the people panic, they start to run on banks and other financial institutions. The smaller ones cannot bear it and go bankrupt.

Once they go bankrupt, more bad debts, bad clubs, and bad people will be implicated.

This series of financial turmoil spread rapidly like a cancer.

The continuous closure of basic clubs has caused the survival crisis of ordinary people. When they encounter economic and survival crises and realize that financial institutions are full of lies, their first reaction is to withdraw money and hold it in their hands, hoping to survive the possible crisis. Economic winter.

As God's perspective, Kawagu Tai sees clearly, but he can't do anything about it!
Who has the money to save Osaka's economy?
Have!
The man who could save Osaka's economy and has already planned to invade Osaka is sitting in an airtight police car and being escorted to a Tokyo court for the first public trial.

Inexplicably, a few more crimes were added. At this time, Kitahara Sosuke could hardly count how many crimes he had. Anyway, they just wanted to kill themselves.

But it's fine.

Just like what he told Fujiwara Norika before he left, Tosan's reserves would not be moved if he was not there, and he would rather watch those financial institutions burst and go bankrupt than he would be indifferent.

He went to Tokyo to stand trial, and all the clubs under Beiyuan Investment will cease to operate because of this, whether it is Beiyuan Logistics or Kitano Logistics, they were just detained before, and they can do whatever they want.

Now it's time to judge yourself harder.

Well, if there is no result, we will wait for the result.

All shut down!

Let's see who can survive who!
The 10220 billion yen in his hand is Osaka's life-saving money!

If he can't take off the shackles on his body, countless people will be buried with him!
While the police car was speeding towards Tokyo, a Hutouben carrying Kazuma Yamada, Takayuki Yagami, and Hideo Yuyama was also heading towards a villa in Osaka of Xu Yongzhong of Oyodo Construction.

on the police car.

Ma Chang Yike looked at the young man who was leaning back on the chair, although his hands were handcuffed, but he was still in good spirits, and his face did not change. After a long time, he slowly said: "Isn't the Beiyuan Branch President afraid?"

"What are you afraid of?"

"Since we decided to prosecute you in the Tokyo court, it means that we have got enough evidence and witnesses, and you are dead."

"Oh, is it? I don't know if I will die or not, but one thing is certain to me."

"What's the matter?" Yoshika Baba didn't like the young man's attitude very much.

He is obviously the one who is in a desperate situation, why can he be so leisurely?

Kitahara Sosuke looked out of the window, and suddenly said: "You said that if all the clubs under Beiyuan Investment stopped operating from now on, what would happen?"

(End of this chapter)