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

Chapter 292 The filth under the dumping of the financial building

Can 50 trillion yen save "Zumizan" and Hyogo Bank?
The answer is no.

Since the exciting Christmas, Japan has fallen into an inexplicable tense atmosphere, no less than last year when the real estate market collapsed and the heavy atmosphere enveloped every metropolis. become extremely sensitive.

All kinds of shocking news from Beiyuan Mutual Entertainment made them panic. It seems that not only Hyogo Bank, but also other banks have problems one after another, and they will not be able to withdraw their money!
In this era, entrepreneurship and investment are relatively high-end ways of using funds. Especially when mobile phones and computers are not popular, people generally keep their funds in bank savings. This is their foundation. If the foundation is shaken, no one will Will sit idly by!

In just one day, more than 1000 billion yen of cash flowed out from Tokyo Branch of Tosan. The financial street was full of long queues waiting to withdraw money, and all banks were ready to fight as if they were facing an enemy.

The capital turnover is already running low, and the Kyoto branch, which relied on Kitahara Shenlang to support a wave, was fortunately led by Kitahara Sosuke, and completed a cash supply transaction with Jiyang Bank, which happened to deposit a large number of bank notes issued by the Bank of Japan. The cash flow of the Bank of Japan Kyoto Branch allowed them to successfully cope with the run on Christmas day.

Kitahara Sosuke inquired, and on Christmas Day, the amount of cash provided by the Bank of Japan had exceeded the upper limit, and he felt huge financial pressure.

It was 11:30 in the evening to send away the last customer to withdraw money that night.

The staff of the business department on the first floor of the Kyoto branch breathed a sigh of relief, feeling uneasy and puzzled by this sudden farce, why the people frantically came to withdraw money as if they were frightened.

With such a big public opinion, why didn't the government take any action?
I heard that several banks are unable to meet customers' withdrawal requests due to insufficient cash supply. As a result, the public is even more convinced that the bank has no money. I am afraid that the next day's wave will be even more terrifying!
The core point of a bank's business is to absorb people's deposits at low interest rates, and lend to merchants at high interest rates. The money released cannot be retrieved temporarily, but as long as there are not too exaggerated withdrawals, the reserves are sufficient to meet the daily needs of the people.

But now, they just don't believe that you still have money, and think that you have invested all your money in those rubbish clubs. They lost money, lost money, and lost money. It's our hard-earned money, so we have to withdraw as soon as possible, leave, and don't let you Capitalists make money!

Once this kind of thinking is generated, coupled with the fear effect transmitted from person to person, a bank run can destroy a bank with a good reputation.

The Ministry of Finance and the Bank of Japan are supposed to control such things, but they didn't respond all day on Christmas.

The staff of the Kyoto branch were talking in low voices, while Sosuke Kitahara bought a supper from the shopping mall next door and delivered it. He condoled the staff and at the same time got a general understanding of the current situation.

Everyone still doesn't know where the root cause of the run is, and no one thinks that it will last for a long time and even destroy the entire banking industry.

Kitahara Sosuke smiled and said nothing, just telling them not to slack off their work, and they must not smash Dongsan's brand during this time.

After one night, the dawn of December 12th came.

The Japanese archipelago has been shrouded in bitter wind and rain since the morning.Blizzards continued in western Japan, and Wakayama County was shrouded in a blizzard that had never been seen in a century. The director of the Bank Bureau, Mr. Yamaguchi, who happened to be on a business trip, received an urgent call from the director of the Bank of Japan, Honma Nakatoki.

"The big thing is bad, and the gates of all major, medium and small banks across the country are full of people withdrawing money! Hyogo Bank, which has just received the bailout, officially declares bankruptcy!"

"What's going on?!" Mr. Yamaguchi had no time to unload his luggage, so he sent his secretary to call Prime Minister Yoshiro Mori. Before reporting the matter, he heard Yoshiro Mori's heavy sigh. silence.

On the morning of December 1990, 12, Bank of Hyogo held a temporary press conference through the mainstream media of the six major TV stations. He can only declare the bankruptcy of Bank of Hyogo and is about to enter the stage of judicial liquidation.

The last time Toho Mutual Bank narrowly escaped disaster, although the financial industry struggled to survive in a shaky environment, at least there was no truly desperate crisis.

Now, the Bank of Hyogo has opened this precedent and officially played the first movement of the Great Depression in the Heisei era!
The issue of "specialized housing" has been brought back to the table. Their losses are mainly from the financial institutions of the agriculture and forestry system, and the three pillar industries of agriculture, forestry and fishery have also collapsed, which is a headache.

However, this issue is no longer the most uncomfortable thing for Congress. They are considering how to save the financial industry that is about to collapse.

The collapse of Yamaichi Securities is still vivid in my mind. Nearly a thousand financial elites were unable to find employment, and tens of trillions of funds were missing. Its bankruptcy is equivalent to the collapse of a quarter of the Japanese securities industry. I have not recovered from this. This kind of problem also happened in the banking industry which is the cornerstone.

This time, who will apologize?Who is in charge?
No one responded.

At 1 p.m., the headquarters of Deyang City Bank, the second largest local bank in Miyagi Prefecture.

In an office on the second floor, a man in a black suit was sweating. He nodded and bowed in front of a fat man, and kept apologizing.

"Mr. Sangu, our Deyang City Commercial Bank took the risk of being ridiculed by your peers to hire you, a former employee of Shanyi Securities, not to let you do some chores such as reports, what about your contacts, and your resources? , now that our bank has encountered a major crisis, you still have time to read the information here?"

The obese man is the head of the financing department. He worked in Tosan Kyoto Branch in the early years, and later moved to the head office of Deyang City Commercial Bank. The Mitani Hiroshi in front of him was the business manager of the Osaka branch of Yamaichi Securities. After the collapse of Yamaichi Securities , Hiro Sangu got into the Deyang City Commercial Bank through various relationships, which is much better than those former colleagues who were homeless and unemployed.

So he cherishes this job very much.

Right now, Deyang City Commercial Bank is facing the risk of bankruptcy due to huge losses and bad creditor's rights, and the people are constantly withdrawing money, so he is also very anxious.

As a former financial elite, he shoulders great responsibilities, but the experience of Shanyi Securities makes it impossible for him to integrate with other people, and his previous circle of relationships and contacts has long since disappeared because of his loss of power.

"I, Minister, don't worry, I will work hard!" Hiroshi Sangu pressed his body even lower.

"Effort? What are you trying to do? Counting on you, a waste, I might as well count on money from the sky! Well, Mr. Mitani, I arranged a banquet tonight, and invited Tao Taro, the current president of Tosan Kyoto Branch. Your Excellency, whether you can get assistance depends on this banquet, you can go with me." Said the fat man Sawa Yamaguchi.

Hiroshi Sangu quickly nodded and bowed.

"Oh, by the way, call your wife, I remember what it's called Oh, by the way, Mitani Nami, right." Yamaguchi got up and patted his shoulder hard, "Remember to let your wife do it well ’, you can’t, let her sacrifice for the bank.”

"Nami, Nami-chan?" Hiroshi Mitani wanted to refuse subconsciously, but seeing Yamaguchi Ze's eyes, thinking about the current situation of the bank and his own situation, he lowered his head, "Okay, okay! I will tell her."

(End of this chapter)