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

Chapter 290 "Suju" and the collapse of the Hyogo Bank

The major crises of the two financial institutions "Zumisen" (Housing Finance Specialized Co., Ltd.) and the Bank of Hyogo are the most symbolic cases during the financial turmoil in Heisei, and they are also the two major events that opened the curtain of the Great Depression in Japan's Heisei period.

Since then, Japan's history and economic era will officially enter a new stage.

The so-called "Zhuzhuan" refers to a series of non-bank financial institutions successively established by the financial sector in the 1970s in order to provide housing loans to private individuals.It is directly under the Ministry of Finance, which is under the jurisdiction of the government, and the important positions in the club are filled by a large number of retired senior officials recruited by the Ministry of Finance. However, due to the rivalry between the banks that provide financial support behind the "Zhuzhuan", it was once caught in a fierce battle for real estate financing during the bubble economy period. Among them, "Zhuzhuan", which is the user of its funds, has also been seriously affected.

With the bursting of the bubble economy, a large number of these "residential colleges" collapsed, and it was not completely finished because of the support of the Bank of Japan and the Ministry of Finance.

It's a pity that the paper can't cover the fire after all. According to the recent on-site inspection results of the Ministry of Finance, more than 70.00% of the loan balances of the seven "housing colleges" have become non-performing debts, and are actually in a "dead debt state". The largest one , with Sumitomo Bank as the main investment bank, the reconstruction plan of Japan Housing Finance Co., Ltd. (Nichiju Financial) has not been negotiated. Later, in the investigation of the Financial Services Agency, it was found that internal staff abused their private power and corrupted a large amount of bank funds and loan business. With relationship as the core judgment point, most of them have become inaccessible bad debts.

The amount of financing lost due to bad loans alone is as high as 12.85 trillion yen. Counting all kinds of things, Nizumi Financial caused a loss of about 25 trillion yen for Sumitomo Bank!

The situation of the other six companies is also not optimistic, and their biggest problem lies in their complex shareholding structure.

Less than 20.00% of the equity of these "Zhuzhuan" comes from the Bank of Japan and the Ministry of Finance, about 60.00% comes from the main investment bank, and [-]% comes from other investment banks, and about [-]% comes from financial institutions in the agricultural and forestry system!

That is to say, each "Zhuzhuan" is a joint venture holding by several urban banks, but their total shares do not exceed 30.00%, and some of them are held by officials. The real investor is actually the agricultural and forestry system Financial Institutions!
Japan's agriculture and forestry system financial institutions are semi-official non-bank financial institutions, the main controllers are ministers and affairs officials of the Ministry of Agriculture, Forestry and Fisheries, and the funds come from local agricultural and forestry associations in Japan.

That is to say, the biggest victims of the outbreak of the "specialized housing" problem are the capitalists in agriculture and forestry, as well as their migrant workers!
This is the last straw that really crushes Kyoto agriculture!
There was an irreparable problem in the "Zhuzhuan", and the officials with intricate relationships could not be blamed. The matter was exposed by Beiyuan Interactive Entertainment, and the reputation of the Ministry of Finance and the Bank of Japan suddenly became more discredited, and the biggest victim was the financial institution of the agricultural and forestry system. On the verge of collapse, the Ministry of Agriculture, Forestry and Fisheries, as the controller and responsible party, was also pushed to the cusp.

Miyazawa finished his speech blankly, and was very embarrassed for a while. In the manuscript, he also praised the excellent work of the Bank of Japan and the Ministry of Finance in the financial crisis, and pointed out that agriculture, forestry and fishery are the new industries that Japan needs to support. The troika, now it's all right, was directly slapped in the face by the speed of light.

Almost at the same time as the campaign speech was going on, Kitahara Sosuke received a new order from the Tosan Board of Directors.

Standing straight, Kato Miko recounted the instructions of the head office. In response to the strong request of the Ministry of Finance and the Bank of Japan, the banks that participated in the capital injection of "jutsu" must assist the reconstruction of the seven "jutsu" by way of interest reduction.

This is because the cadres of the Banking Bureau came here in person and "persuaded" several metropolitan banks to implement this plan in a basically coercive manner.

As a result, the Kyoto branch, which already has far insufficient reserves, will fall into a more difficult situation. Everyone looked at Kitahara Sosuke, hoping that he could come up with a good solution to the problem.

"The interest reduction and exemption to assist the restructuring of the 'Zhuzhuan' is required by the Bank Bureau, but the Ministry of Finance is not qualified to order us to do anything. The person on the board of directors who promoted this plan is Gennai Ken, but I think it is only with this This approach is tantamount to slow suicide, and if the root cause of the problem is not solved, sooner or later it will fall into a similar deadlock."

Kitahara Sosuke said lightly, expressing his opinion,
"I am against this proposal."

"But President Beiyuan, it's just an order of the board of directors of the head office. If you do this, it is tantamount to blatantly violating the order of the board of directors, we." Someone reminded in a low voice.

"If I do this, hundreds of billions will be in vain. Now that I have taken over the financing department, I will not do anything that violates my principles. Don't worry, I will go to Tokyo to talk to the president about this matter. Said, with regard to the reconstruction of the 'Zhouzhuan', our Kyoto branch will never participate, this is my attitude, whoever is not convinced, you can speak out, I will not pursue it, just speak freely."

Kitahara Sosuke smiled faintly.

Everyone's heart fluttered underneath, what kind of joke are you making, won't you pursue it?Speak freely?

The last group of people who spoke freely still don’t know which Jiada Xiaowei sub-branch to distribute leaflets!

The Bank of Hyogo's problems are even more complicated and dangerous.

As the largest second local bank, Bank of Hyogo had a large number of transferable deposits and bulk fixed deposits due on December 12th, but it was discovered today that its capital turnover has fallen into a dead end.

The president of the Bank of Hyogo bypassed the major shareholder Sumitomo Bank and went directly to the Bank of Japan, hoping to obtain a 10-year loan with low interest and a total amount of [-] trillion yen!
This sudden visit without any warning was inexplicably exposed by Beiyuan Mutual Entertainment, and the financing crisis faced by Bank of Hyogo became an uproar in an instant, and everyone knew it.

Beiyuan Mutual Entertainment is still breaking the news. The chaos and corruption inside the Bank of Hyogo is jaw-dropping, and their actual deposit amount is only 10 billion yen away from the minimum amount. As the second largest local bank supported by the government and the consortium , the total deposit is only tens of billions of yen left!

Before the Sumitomo Foundation had time to react, long lines of people lined up at various branches of the Bank of Hyogo. The whole of Japan was like a frightened bird, fearing that the bank would have no money, and frantically ran to withdraw money.

"It seems that something serious has happened to the Hyogo Bank."

"I heard that it will be closed next Monday!"

"The president of the Bank of Hyogo seems to be friends with the president of Yamaichi Securities. He loaned Yamaichi Securities a lot of money before."

"Yes, yes, look at the account manager of Shanyi Securities next door to my house. He used to be so beautiful, with luxury cars and mansions, but now he heard that he was cornered by extreme people, and his wife went to sea!"

Words like this are widely circulated in the streets and alleys.

After Kitahara Sosuke finished his regular morning meeting, he looked down from the big window sill and saw a queue like a dragon lined up at the gate of the Kyoto Branch of the Bank of Hyogo not far away. take out.

If this kind of bank run, which is enough to destroy a bank, cannot be contained, Hyogo Bank may lose its reputation today, and it will be a complete mess.

Its collapse is not only the bankruptcy of a bank, but also the collapse of Japan's unbreakable financial structure for hundreds of years!

(End of this chapter)