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

Chapter 274 The invisible backstab is the deadliest

1990 12 Month 18 Day.

The Beiyuan Interactive Entertainment TV Station, which had just been silent for a while, suddenly broke the news and announced a set of internal data from Shanyi Securities.

The data shows that Yamaichi Securities, which the Ministry of Finance claims has no operating risks or financial crisis, has a real debt amount of 20 trillion yen!

This is the total net liabilities after excluding assets and profits, which means that while all the clients of Yamaichi Securities lost their money, the company also lost 20 trillion yen!

After this heavy news was broadcast in the morning news time, it was broadcast again in the noon newsletter. The data comes from important people inside Yamaichi Securities, and the reliability is extremely high. The data and documents will be sent to the Ministry of Finance The subordinate Financial Services Department made another copy and sent it to the Ministry of Finance.

It can be seen that this is not a false data fabricated indiscriminately.

The 20 trillion yen storm spread rapidly, and the Ministry of Internal Affairs and Communications didn't even have time to cut off Beiyuan Huyu's broadcasting route, and the latter began to break the negative news about the other three leading clubs.

The loss of Hanwa Kogyo was as high as 2.97 trillion yen. The company has been heavily in debt since the bubble economy burst, but it was still included in the special financial support list of the National Assembly. It is intriguing.

Saito Ryoei, the president of Daishowa Paper Industry, has a private mansion worth 20 billion yen. There are nearly a hundred world-famous paintings in it, with a total value of more than 1000 billion yen. However, his club has not paid staff salaries normally for two consecutive months, and its internal finances are in a mess. , except for the paper mill just established in Kyoto, paper mills in other regions have closed down one after another due to the resignation of workers!
Daishowa Paper ranks second among the support objects, and the support funds that can be obtained exceed 8000 billion yen!

The last one to be exposed was Mazda Corporation. This company is an old car manufacturer with a good reputation in Kyoto and has not been included in the system by any consortium. Compared with the other three companies with many problems, Mazda is slightly better, but That's just not that exaggerated compared with them.

In fact, the internal problems are already terrifying, the debt exceeds 1 trillion yen, the latest models of cars are unsalable, the quality inspection fails, and so on.

These four clubs are all on the special financial support list approved by the Congress, and have received joint financing projects from Dongsan, and they are doing well in Kyoto!

For a while, public opinion was extremely boiling, and doubts spread to this session of Congress!
Not long ago, Miyazawa Kiichi reorganized the House of Representatives after the transfer of power, and Ryu Chino was promoted to the chairman of the General Affairs Committee and the Minister of International Trade and Industry. He also took the lead in drafting this special financial support list, and he was also the one who submitted the application to the National Assembly!

The Chino family, who came from behind the scenes to the front of the stage, encountered such a heavy blow as soon as they came into people's sight!
"Qian Yelong, apologize by cutting open his stomach!"

"The Chino family, the biggest cancer in Kyoto!"

Similar voices could be heard endlessly, putting the Chiano family under tremendous pressure all of a sudden.

At the same time, the two sides wrestling with each other also began to show their cards.

On the part of the prime minister's cabinet, under tremendous pressure, they entrusted the Tokyo and Osaka prefectural prosecutors to thoroughly investigate the status quo of the four major clubs, while continuing to discuss how to save the economic downturn.

The main problem now is that if these support clubs collapse, then Japan's economy will really be hollow.

The stock market and housing market are eroding, and traditional industries have been suppressed to bankruptcy or transformation before. These are already one of the few surviving industries. No matter how many problems there are, no matter how big the holes are, they must be plugged!

Otherwise, what new industry will be used to make up for the loss?
At this moment, Kiichi Miyazawa finally felt the pressure from that invisible opponent.

Inside the Prime Minister's residence.

"Referring to the relief policy of the 'Savings and Credit Association Crisis' in the United States and the handling of the 'Great Britain Lifeboat Project', if no corresponding measures are taken against these clubs, it will lead to unimaginable consequences. To restore the decline, we must go against the current, Investing in public funds, as long as the investment is precise, the effect will be immediate!"

Miyazawa said in a deep voice, his face was ugly.

The so-called public funds refer to a special asset formed by financing from institutions such as the government, the Bank of Japan, and local public organizations.

It is a kind of reserve fund. Every year, a sum of money is withdrawn from the government, the Bank of Japan, and places to put it in. It accumulates over time and has a huge amount. It is a reserve fund used to save the country in extreme situations.

The owner is actually a citizen who keeps paying.

Now there are only two parties who have the ability to save these clubs that are about to go into trouble——

Six major consortiums and public funds.

However, Ryu Chino had already contacted other giants of the Mitsubishi consortium, and they did not want to pay for this stupid behavior of the prime minister's cabinet.

To put it bluntly, the unlucky ones are first the prime minister, the cabinet, the National Assembly and other people in power, and then the people, the economy, and many people are unlucky.

It's no good for them to save the country!

Then, except for the Qianye family, which is closely related to this incident, other families will maintain a wait-and-see attitude, and the dead friends will not die.

Kiichi Miyazawa was quite surprised that Fuji Bank, which has a close relationship with Yamaichi Securities, did not make a move. Yamaichi Securities, after all, is the property of the Fuji Foundation!

But no matter what attitudes and ideas they still have, the imminent problem lies here, and he must solve it.

How to deal with it?Solve it with money.

Where does the money come from?Public funds out!
As soon as the words fell, the current Tibetan Prime Minister immediately stood up to object.

"The investment of public funds is generally used to save financial institutions. If all the off-book income from stocks disappears now and the major banks are insolvent, using it at that time is to protect the interests of depositors, and the public will definitely accept it. But now Investing public funds in those clubs is using people's money to fill holes for others. It is foreseeable that if they cannot withstand the subsequent turmoil, then the money will be completely wasted like the previous few times. At that time, we What should be used to make up for public funds?"

This is what worries him the most.

In the past, non-bank institutions were allowed to rescue the market, but the more they rescued, the more problems they caused. Now that there are so many crises, you can use the money of the people to fill them up. What should we do in a big crisis?

In the final analysis, he has discovered that the core of the problem is how to keep the economy from entering the Great Depression period. Then they must support some clubs to come out. What industries can carry the current economic trend? This is the key point!
Otherwise, it is just tearing down the east wall to make up for the west wall, and the more you tear it down, the more you die.

The economic problem was more serious than each of them thought. In fact, Miyazawa Kiichi was the one who was most annoyed, because someone had reminded him.

But he didn't care.

The club they chose was detonated before it redeveloped. If it fails again this time, should he step down?

Miyazawa Ki was silent for a long time after listening to Zang Xiang, and then slowly said: "Taking Kyoto as an example, agriculture and these real estate clubs were severely impacted by real estate and stocks in the previous bubble era, but some clubs still survived. Many of the problems that broke out at this time are leftovers from that time. As long as we can eat them, they can be reborn from the ashes! Everyone, it is impossible for us to abandon them and find new industries to replace them. What can replace them. As long as they don't have real internal business problems, we help them this time, and the follow-up will be easy!"

The truth is this truth, yes.
Are there really no really bad internal problems?

Qianyelong sighed in his heart. His father decided to let him take office. Was it a bad move to let the Qianye family follow the trend? At this time, he could not help but think of the young man who was fighting against all the clan elders that day.

Kiichi Miyazawa did not hesitate, and decided to invest public funds in Yamaichi Securities and other companies to rescue the market.

He is willing to bear all the pressure of public opinion and help these clubs tide over the difficulties!
The release of this news will inevitably cause an uproar. He needs the cooperation of various departments to prevent public opinion from fermenting.

As soon as the decision to release public funds came out, the whole of Japan exploded.

Invest national savings in these clubs?
Are the people in the government out of their minds?

The wave of public opinion reached its peak that day, but it was still suppressed by the prime minister's cabinet.

Miyazawa Kiichi, who returned home with a tired body, couldn't help showing a puzzled expression when he saw the eldest granddaughter standing at the door.

Kaoru Miyazawa held a text message in his hand, his body trembled slightly, as if he was bearing some huge shock!

"What's the matter? Kaoru?" Miyazawa Kiichi walked over and asked.

"Grandpa. They ran away."

"What ran away?"

"Naganozawa and his family, as well as Daishowa Paper's president Saito and Mazda's... They all ran away!"

(End of this chapter)