Reborn Tokyo Golden Age.

Chapter 530: Can’t be saved, can’t be saved at all

As the neon property market begins to show a turning point, many real estate companies have a sense of crisis and begin to sell land.

However, after analyzing the overall situation, the Ministry of Finance feels that the current market is still controllable.

After all, it seems that prices have dropped, but they are still at a high level compared with last year.

The explanation given by the Ministry of Finance for this phenomenon is that "the fall in asset prices has only resulted in the loss of over-inflated unrealized gains."

In other words, although housing prices have fallen, everyone is still making money.

The advantage is in me, the problem is not big.

This is the Ministry of Finance’s current view on falling housing prices. They even feel that their land policy has taken effect and the neon bubble has achieved a soft landing.

What matters most to the Ministry of Finance now?Of course, all kinds of economic scandals are suppressed!
It doesn't matter if house prices fall, but Neon's finance must not have any problems.

Especially banks, which bear too much economic lifeline.

If there is a problem with the bank, there may really be a big problem.

However, although the Ministry of Finance tried its best to eliminate the negative impact of the "Yashan Incident".

However, the black materials that are constantly being unearthed have made the various rescue measures of the Ministry of Finance useless.

First, it was revealed that Yamaichi Securities suffered a huge loss of 2600 billion yen in operating special funds.

The black material this time did not come from Hayama, but from internal problems within Yamaichi Securities.
In fact, this bad debt had already been incurred when the stock market plummeted at the beginning of the year.

Because the trading fund is closely related to the stock market, if the stock market plummets, the trading fund will go bankrupt.

When this loss occurred, Shanyi Securities internally chose to cover up the facts.

However, the stock market plummeted again in September, which has given some people within Shanyi Securities a strong sense of crisis.

Business Planning Minister Yoshida Yunaki has repeatedly suggested to the board of directors on this matter to use a public offering to eliminate this deficit.

However, the directors of Shanyi Securities were afraid of taking responsibility, so they unanimously did the opposite and chose to cover up the matter.

Yoshida Yunaki is weak alone and cannot influence the directors' decisions.

However, the "Hayama Incident" revealed the losses of Yamaichi Securities, which allowed him to see another way to solve the problem.

Come on!Yunaki Yoshida directly disclosed the losses of Yamaichi Securities to the media without the consent of the directors.

If Hayama's revelations made everyone doubtful, then Yamaichi Securities' own self-destruction undoubtedly confirmed the authenticity of the "Hayama incident" materials.

This 2600 billion yen operating special fund is the principal that many companies entrust to Yamaichi Securities for financial management.

Now tell them that all their principal has been lost, will these companies give up?

After this news announcement was published, the Metropolitan Police Department received numerous calls accusing Yamaichi Securities of financial fraud.

As the main bank of Shanyi Securities, if Industrial Bank came forward, perhaps the situation would not be so chaotic.

Yes, Shanyi Securities has always been controlled by Industrial Bank, and the latter will give it strong financial support at critical times.

However, Industrial Bank itself was in trouble at this time, and according to Hayama's revelations, there were serious problems with the loans it provided to Ogami.

According to the revelations made by reporters at the scene, the deposit certificate Ogami gave to Industrial Bank as collateral was probably fake!

If it is fake, whether Industrial Bank's loan of hundreds of billions of yen can be recovered in the end is another matter.

Osaka police have arrested Ogami, although the final result has not been confirmed.

But judging from the authenticity of the Yamaichi incident, all the revelations about the "Hayama Incident" are not groundless.

The most important thing is that Industrial Bank did not take a position on this matter, even if Shanyi Securities was in crisis.

It took time for the news to ferment, and by the end of October.Just when the Tokyo Special Search was preparing to summon the chairman of Daiichi Bank to question him about his financing incident.

Something happened that shocked the neon financial industry. The night before he was summoned, First Bank Chairman Kunihiro Miyazaki committed suicide at home.

The next day, No. [-] Bank surrendered to the Special Investigation Department through the financing incident of the General House.

The revelation of the "Hayama Incident" has once again been confirmed to be true.

Then there are CNCB, Fuji Bank, etc.
At the beginning of November that day, Neon’s market gave its most authentic feedback.

The Nikkei Index plummeted from nearly 11.4 points to nearly [-] points, and land prices in the property market plummeted [-]% that day.

The decline in land prices that has lasted for nearly a month shows no signs of easing, and is even falling faster and faster.

At this time, except ordinary people, everyone (banks, securities, government, real estate companies, etc.) knew that Neon's economy was going to have a big problem.

This is not a problem for one industry, but a crisis for Neon’s entire economic system.

The "land myth" and the "bank myth" are about to be shattered.

Faced with such a crisis, what is the Ministry of Finance doing?
Ministry of Finance officials and bank officials are afraid to face the reality. They are afraid of being held accountable, so they turn a deaf ear to the reality.

They are now considering blaming the bubble economy on securities companies and those "bubble gentlemen".

How to save Neon's economy is not the concern of the Ministry of Finance. The key is to protect ourselves wisely.

However, at this critical moment, one person stood up, and that was Mie Noyasu.

He was the one who caused the Neon stock market and property market to suffer, and he is the one who wants to save them now.

This is actually not a contradiction, because Mie Yeyasu’s goal from beginning to end is to hope that Neon’s economy will return to normal.

The current property market is not a big problem, but the stock market cannot fall any further.

If the stock market falls below 15000 points, it will lead to a crisis in Neon's entire credit system.

In mid-November, Mie Noyasu directly found Toshiki Kaifu, the current cabinet boss.

"Sir Prime Minister, if the Nikkei index falls below 1.4 yen tomorrow, then the Bank of Japan will request the activation of special financing."

Bank of Japan Special Financing is a special means used by the government to maintain the credit of the financial system.At that time, the Bank of Japan will provide unsecured and unlimited special financing to financial institutions with capital turnover difficulties.

In other words, it is to open the floodgates and print unlimited money to save the largest domestic banks such as Industrial Bank, First Bank, and Changxin Bank.

Toshiki Kaifu was stunned when he heard Mie Noyasu's suggestion.

"Sanzhong Yemulang, has the situation gotten this bad?"

Mie Noyasu nodded seriously, "If we don't take action, Neon Bank's credit system will collapse."

After hearing Mie Noyasu's reply, Toshiki Kaifu remained silent for a long time.

Just when Mie Yeyasu suspected that he was not listening, Toshiki Kaifu spoke slowly.

"Sanshouyemulberry, don't take this step unless you have to.

Let's first gather the heads of the big banks for a meeting and discuss a solution together. "

The decision to print unlimited money is not easy to make, and it may leave a bad name at home and abroad.

Mie Yeyasu thought about it carefully and realized that this was a measure, so he nodded in agreement.

Back at the office, the first bank Mieye called was Hokuto Bank.

Others don't know, but as the president of the Bank of Japan, he must know that Beidu Bank is strong and is even the bank with the healthiest assets in Neon domestically.

Moreover, Beidu Bank has nearly US$200 billion in investments in international investment banks, and he also knows this.

So if there is anyone who can bear the burden of saving the Neon credit system, Beidu Bank is definitely the one.

Mie Yeyasu's call did not go to anyone else, but directly to Shirakawa Kaede's office.

"Mosimoxi?"

"Shirakawa-san, it's me, Nichiyin's Saneye."

"It turns out to be Saneye Mulberry." Bai Chuanfeng, who was still sitting there enjoying the massage from Little Huya, immediately sat up straight.

“Neon’s economic system has reached a critical moment, so I sincerely ask Beidu Bank to help the Ministry of Finance.

Turn the tide and save the neon economy at this critical moment! "

"If there is any need for Beidu Bank to take action, I will do my best."

"Yo Xi, next week I plan to invite the presidents of the major guilds to gather at the Prime Minister's residence. I hope Baichuan-san can attend the appointment on time."

"must!"

After hanging up the phone, Bai Chuanfeng's mind began to spin rapidly.

It seems that his previous series of rapid operations have indeed pushed Neon's economy to a certain level.

According to the normal progress of history, the neon property market should fall only next year, and the speed is not that fast.

But now this process has been advanced by more than half a year, and the progress has been greatly accelerated.

Ever since the "Hayama Incident", Bai Chuanfeng has not made any small moves during this period of time.

One is to avoid suspicion, and the other is that everything that needs to be done is done, and we can just wait for the market's reaction.

To be honest, the chain reaction of the market was beyond his expectation, especially the self-destruction of Yamaichi Securities and the suicide of Daiichi Miyazaki.

These were all things he had not expected. Sure enough, a butterfly's wings would create a storm.

What's more, he directly set up a blower, and it is not an exaggeration to say that the shock caused was a tsunami.

The most critical thing is that the peak period of the tsunami has not yet arrived, and the transmission of the bubble burst has not yet shown its power.

As for cooperating with the Bank of Japan to save Neon’s economy?This is really not something Beidu Bank can do.

But it can’t save Neon’s economy, but it can save Neon’s bank.

Cough~ That’s too naked to say.

But no matter what, Bai Chuanfeng decided to pick out which bank was the fattest when the time came. Ah, just to see what help he could get.

Whether it's a good or bad thing, only he knows.

However, just when Bai Chuanfeng was wondering where to start, a dramatic scene happened.

The day after Mieno called major banks, the 77th Chief Cabinet Secretary Toshiki Kaifu announced his resignation!

The reason he gave was that he needed to be responsible for a series of scandals in the Neon Financial industry during his tenure.

By the time Mieye learned the news, our Chief Minister had already bowed and apologized in front of a large number of reporters.

This, this, Mieye, who was already quite old, almost ran out of breath and died.

When he came to his senses, he cursed Toshiki Kaifu in the office as a "coward", "unfaithful", and "a runaway general".

Do you think this is over?
On the front foot, Toshiki Kaifu has just announced his resignation, and on the back foot, the Minister of Finance Ryutaro Hashimoto also led his team to announce his resignation as the Minister of Finance.

The reason he gave was that his confidential secretary Kobayashi Toyaki was involved in the Fuji Bank loan fraud incident.

He was forced to resign in order to take responsibility for this incident.

Hashimoto Ryutaro is Mieye's nominal direct boss, and now his immediate boss has also run away.

Although Mieye does not usually rely on the Tibetan Prime Minister, what will outsiders think?

The Chief Cabinet Secretary and the Minister of Finance are taking the lead in running away. Can Neon's economy be saved?
The unyielding Mieye did not give up his plan. While urging Congress to elect the next president, he continued to lobby major banks.

However, the time wasted all this time and the final opportunity to save the neon economy was missed.

(End of this chapter)