Chapter 126: Invitation from real sister and adopted sister
June 5, 1990.
In the blink of an eye, it’s the middle of the new year. From the sudden collapse of the Dafa stock market at the beginning of the year, to the experience of consortiums, the government’s rescue of the market to no avail, overseas consortiums withdrew their capital and fled, the stock market plummeted by 70% and then failed to recover, and then the even more terrifying Land Corporation
After the release of the housing quantity restriction policy, the housing market suffered a strong shock, falling by nearly half from its highest point in just a few months!
The Japanese people really had an extremely magical first half of the year, but what they didn't expect was that the second half of the year would be even more magical!
The internal scandal at Tosan that caused a stir last month was gradually forgotten in the chaotic public opinion war that followed.
People who eat melons will never follow a hot topic for more than three days. The role of the media is to constantly cut up new melons and put them in their mouths.
Asano Naoto was imprisoned, and with the hard work of the Tosan Public Relations Department, everyone gradually turned their attention to the branch chief's deputy, Kitahara Sosuke. The police headquarters' own investigation incident became the best publicity material.
The image of a bank clerk who was framed and had to work at the police headquarters was widely portrayed. At the same time, Kitahara Logistics also began to quietly shape the godhead of Kitahara Sosuke, and as the company became increasingly mature, it integrated Kitahara Sosuke's entrepreneurial deeds.
He started from scratch, had a unique vision, used 30 billion funds to dominate the market, and became a rising star in the new financial and business circles.
There are many senior executives in Tosan who serve as presidents of various super trading companies, but Sosuke Kitahara is the only one who founded his own company.
The high-quality services of Kithara Logistics and Kitano Logistics have earned a good reputation after two or three months of accumulation, and they are known as housewives' friends.
However, at the end of the first half of the year, these news were suppressed by the new round of land prices announced by the Ministry of Land and Resources!
Public land price is a basic standard established by Japan's Land and Resources Agency based on the Land Price Publicity Law enacted in 1969 (Showa 44). It will publish residential land prices across the country every day to provide citizens with detailed reference.
Holding the land price announcement newspaper in his hand, Kitahara Sosuke took out a cigarette, then realized that he was still in the branch, and silently stuffed it back into the cigarette case.
Compared with the same period last year, residential land prices in six major cities including Tokyo dropped by 12.5%, and the national average dropped by 5.6%. The decline once again set a new record. It is also the first time that land prices have reached the warning line of many investors!
The land price in Osaka's Chuo District has dropped to 850,000 yen per square meter, and the border area is only about 700,000 yen per square meter. Chuo District is the core area of Osaka Prefecture, and other places such as Tennoji Ward and Nishi Ward have already seen properties listed for sale at 500,000 yen per square meter.
Before the Plaza Agreement was signed five years ago, the land price in Osaka's Chuo District was about 400,000 yen per square meter. This price was similar to the average price in ordinary provincial capital cities in China in the past 20 years (20,000 yen per square meter). However, Japan's national income at that time
It’s not too high, but it’s not overwhelming.
Nowadays, the housing prices in the fringe areas have reached the level of those in the urban areas in the past, which means that after a while, there will be a situation where you will lose money no matter when you invest!
The reason why these investors and clubs dare to clamor against him now is simply because the value of the real estate in their hands is at least higher than it was five years ago, and they have made a profit.
When house prices fall, as long as they don't buy the property near its peak, they can usually still make a small profit after selling it, so they have nothing to fear. It's just that as house prices fall, the benefits they can get are getting smaller and smaller.
At least it's still profitable.
But now, we may be losing money!
What’s even more embarrassing is that after the introduction of the total land limit policy, real estate loans were strictly inspected, and many people had to sell their properties to repay the loans. So many houses were flooded into the real estate market at once, but few people took them. Last year, Sosuke Kitahara
It is quite the opposite to the situation where a few properties are sold out after just a few listings.
It made him sigh.
It has only been half a year, but these idiots have already begun to run against themselves, and are on the road to death, never to return?
He also found it funny when he thought about it. When these people opposed his loan repayment plan, they all became aggressive and formed groups. They soon formed a so-called alliance to protest. In fact, in the trading market, they were running against each other, and they were eager to run against each other.
He was beaten to a bloody head, and the boat of friendship capsized.
Really funny.
Therefore, Kitahara Sosuke never paid attention to this group of rabble from the beginning. They would bring shame on themselves and then perish.
What he is curious about is what the government and consortium will do. With such a large inventory, the consortium holds more than 60% of all real estate in Japan. Every day's plummeting is an impact on their assets.
While I was thinking this, Sakurai Saeko knocked on the door and came in with a pile of documents.
"President Kitahara, this is the latest official document from the Ministry of Finance, please review it." She leaned over and handed him the red-headed document that had not yet been split.
Sakurai Saeko just leaned forward a little, and her chest was pressed heavily on the boss's desk. Her size was even more impressive than Fujiwara's, perfectly interpreting the definition of angelic appearance and devilish figure.
In front of Kithara Sosuke, she didn't feel as restrained as she did when facing Asano Naoto, and the conversation between the two was more like friends. However, every time they talked, she would inevitably think of the kiss that night and the big circle he drew.
.
Kitahara Sosuke said "oh" and opened the document. The Ministry of Finance generally does not issue such red-headed documents. Only very important information will be distributed to financial institutions at all levels in this way.
Notice on the Removal and Appointment of the Director of the Banking Bureau of the Ministry of Finance.
Kithara Sosuke raised his eyebrows and looked down.
Former Banking Bureau Director Tsuchida is currently involved in financial bribery, keeping a mistress and other issues, and has been taken away by the Ministry of Internal Affairs and Communications for investigation. Former Banking Bureau Executive Vice Minister Nobuyuki Teramura is taking over.
Also announced are the current total non-performing debts of 21 large banks, including 11 urban banks, three long-term credit banks, and seven trust banks, as of May, which is approximately 10 trillion yen, but their marketable securities
The off-book income exceeds 17 trillion yen. If the reserves retained within the company are taken into account, there is no problem with the financial system as a whole.
This chapter is not finished yet, please click on the next page to continue reading the exciting content! This is Nobuyuki Teramura’s explanation to the people.
As for those local banks and smaller financial institutions, the overall size is only a few tens of trillions of yen, and the bad debts they can generate are extremely limited. With the protection of these 21 giants, it is not a big problem.
Judging from the book data, it is absolutely impossible for each bank to be unable to make ends meet, and the public is afraid that it will not be able to pay.
After all, the off-book income they hold can completely cover all bad debts, not to mention the total economic benefits generated by the twenty-one giants every year is nearly 100 trillion yen!
Kitahara Sosuke's smile deepened, this reassurance given to the people was simply a life-threatening pill!
In my memory, it turns out that since the collapse of housing prices in 1992, Japan's financial sector has experienced various horrific turbulences, various scandals, the bankruptcy of nearly a hundred financial institutions, the merger of 21 giants, the reorganization of reorganization, and three long-term
Credit Bank has withdrawn from the stage of history forever!
This situation lasted until the establishment of three major financial holding groups after the millennium, when six major financial groups were merged and reorganized.
To say that the financial crisis broke out suddenly, Kitahara Sosuke would never believe it.
Let’s just start with Industrial Bank of Japan. The Ito Man incident and the Ogami incident resulted in a loss of 1.2 trillion yen, which led to its direct annexation by Fuji Bank. How is it possible that the current total non-performing debt of the 21 giants is only 10 trillion yen.
Its own branches currently have more than 30 billion bad debts, and the Osaka area is estimated to have more than 800 billion. The 290 billion that Tosan later shouldered was the loss it still held after deducting the current year's income, off-book income and capital injection from the consortium!
At present, the total non-performing debt of Dongsan has exceeded 3 trillion, and this is just one of the 21 families.
The more the Ministry of Finance covers up, the more serious the problem is.
It seems that a violent storm is coming.
He is leaving for Tokyo this afternoon. Studio Ghibli's finished film has been completed and is waiting for his review. The other two studios have also been contacted. Kitano Lan doesn't know why he is so interested in it. He is already very busy.
She actually went back and forth between Tokyo and Osaka many times, doing everything herself, and strongly requested to accompany him today.
This woman really understands propriety and people's hearts.
When Kitano Sosuke thought of her, he couldn't help but think of the phoenix tattoo on her back. With Kyoko Kobayashi's company these days, he hadn't seen Kitano Ran for a long time.
Kitano Ran occasionally called to greet her. After knowing that Kithara Sosuke and Kobayashi Kyoko had pierced the window paper, she wisely stopped coming to the door and straightened her position.
"I have to go to Tokyo in the afternoon, and there are things about the female employees in Valley Village..." Kitahara Sosuke was about to give Sakurai Saeko instructions when the cell phone on the table suddenly rang, "Moxi Moshi?"
"Aosuke, it's me." There was a clear and cold voice on the other end of the phone, and a different kind of warmth could be felt in the tone.
"Reiko...sister?" Kitahara Sosuke was stunned for a moment.
"Hello~ Xiao Cangjie, there's still me~ Have you missed me? Have you grown taller or bigger? I'll give you a good test later... Hey, eldest sister, I haven't told you yet.
....."
The other voice is obviously sweet and sticky, but the sentences are extremely bold and open.
Boom!
Someone was knocked on the head.
"Six o'clock in the afternoon, L'Effervescence restaurant, Ginza, Tokyo, don't be late."
Beep beep, the phone was hung up.
Kitahara Reiko and Kitahara Ningzi, the two sisters actually came back to him at the same time, and he smelled something strange.