The Era of the Kyoto Bubble: Starting from the Sale of Hundreds of Millions of Property Chapter 38: The filth caused by the collapse of the financial building
Chapter 38: The filth caused by the collapse of the financial building
Can 50 trillion yen save Sumitomo Bank and Hyogo Bank?
The answer is no.
Since the exciting Christmas, Japan has fallen into an inexplicable tense atmosphere, no less heavy than the heavy atmosphere that enveloped every major city when the housing and stock markets collapsed last year. Having learned from those past experiences, people are
Become extremely sensitive.
All kinds of violent news revealed by Kitahara Interactive Entertainment made them panic. It seemed that not only Hyogo Bank, but also other banks had problems one after another, and they would not be able to withdraw their money!
In this era, entrepreneurship and investment are still relatively high-end ways of using funds. Especially when mobile phones and computers are not popular, people's funds are generally kept in bank savings. This is their foundation. If the foundation is shaken, no one will
Will sit back and ignore it!
In just one day, the Tosan Kyoto Branch had more than 100 billion yen in cash outflows. The Financial Street was filled with long queues waiting to withdraw money, and all banks were prepared as if facing a formidable enemy.
The funds have been running low. Fortunately, the Kyoto branch, which relied on Kitahara Shenlang for a wave of support, had previously been led by Kitahara Sosuke and completed a cash supply transaction with Jiyang Bank. It happened to store a large number of bank coupons issued by the Bank of Japan. Relying on
With the cash flow of Bank of Japan Kyoto Branch, they were able to successfully cope with the bank run on Christmas Day.
Kitahara Sosuke inquired about it and found out that on Christmas Day, the cash supply limit provided by the Bank of Japan had exceeded the upper limit, and it felt huge financial pressure.
It was already 11:30 pm when the last customer to withdraw money was sent away that night.
The staff of the sales department on the first floor of the Kyoto branch breathed a sigh of relief. They were uneasy and confused about this sudden farce. Why did people come to withdraw money like they were frightened?
With such a huge public opinion, why has the government not taken any action?
I heard that several banks are no longer able to meet customers' requests for money withdrawals due to insufficient cash supply. As a result, people are even more convinced that the banks have no money. I am afraid that the wave the next day 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 money to merchants at high interest rates. The money released cannot be recovered temporarily, but as long as there is not an exaggerated wave of money withdrawals, the reserves are enough 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, and they have lost money. They have lost money, and it is our hard-earned money that we have lost, so we must withdraw our investment and leave as soon as possible, and we will not let you
Capitalists make money!
Once this kind of thinking is generated, coupled with the fear effect that spreads 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 this kind of thing, but they didn't respond all day long on Christmas Day.
The staff at the Kyoto branch were talking in low voices, while Kitahara Sosuke bought late-night snacks from the mall next door and brought them over. He expressed condolences to the employees and also roughly understood the current situation.
No one knows what the source of the bank run is, and no one thinks that the crisis will last long or even destroy the entire banking industry.
Kitahara Sosuke smiled and said nothing, but asked them not to relax in their work and not to damage Tosan's sign during this period.
After a night, the dawn of December 26 came.
The Japanese archipelago has been shrouded in bitter wind and rain since the morning. Blizzards have continued in western Japan, and Wakayama Prefecture has been shrouded in a blizzard that has not been seen in a century. The director of the Banking Bureau, Kousei Yamaguchi, who happened to be on a business trip, received a letter from Bank of Japan Director Honma Nakatoki.
urgent telegram.
"Something bad has happened. The entrances to all major, medium and small banks across the country are once again lined with people trying to withdraw money! The Bank of Hyogo, which just received the bailout, has officially declared bankruptcy!"
"What's going on?!" Yamaguchi Kousei didn't have time to unload his luggage, so he sent his secretary to call the Tibetan Prime Minister Yoshiro Mori. Before he could report the matter, he heard Mori Yoshiro sighing heavily, and there was a long message on the other end of the phone.
silence.
On the morning of December 26, 1990, the Bank of Hyogo held an impromptu press conference through the mainstream media of six major TV stations. The president bowed ninety times and announced the true amount of losses of the Bank of Hyogo.
Due to the demand for withdrawing money, he could only declare Hyogo Bank bankrupt and was about to enter the judicial liquidation stage.
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.
And now, Hyogo Bank has set this precedent and officially played the first movement of the Great Depression of the Heisei era!
The issue of "residential schools" has been brought to the forefront again. They mainly lost money from financial institutions in the agriculture and forestry system, and together with the collapse of the three pillar industries of agriculture, forestry and fishery, it was a headache.
But 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 fresh in my mind. Nearly a thousand financial elites were unable to find jobs, and tens of trillions of funds disappeared. Its bankruptcy was equivalent to the collapse of a quarter of the Japanese securities industry. I have not recovered from this.
This problem also occurs in the banking industry, which is the cornerstone of it.
This time, who will apologize? Who will be responsible?
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 covered in sweat. He stood in front of a fat man, nodded and bowed, and kept apologizing.
"Chief Sangu, our Deyang City Commercial Bank took the risk of being ridiculed by our peers and hired you, a former Yamaichi Securities employee, not just for you to do chores like making reports. Where are your connections and your resources?
, now that our bank has encountered a major crisis, you still have time to read information here? "
The obese man is the head of the financing department. He worked at Tosan Kyoto Branch in the early years, and later moved to the head office of Tokuyo City Commercial Bank. The person in front of him was Hiroshi Mitani, who was the business manager of the Osaka branch of Yamaichi Securities. After the collapse of Yamaichi Securities
, Mitani Hiroshi got into Deyang City Commercial Bank through various connections, and he was much better than his former colleagues who were homeless and unemployed.
Therefore, he cherishes this job very much.
At present, Deyang City Commercial Bank is facing the risk of bankruptcy due to huge losses and bad debts, and people are constantly withdrawing money, and he is also worried.
As a former financial elite, he shoulders heavy responsibilities, but Yamaichi Securities' resume makes it impossible for him to integrate with others. His previous circle of relationships and connections have long since disappeared because of his loss of power.
"I...I, Minister, don't worry, I will definitely work hard!" Mitani Hiroshi pressed his body lower.
"Work hard? Why do you work so hard? I'd rather hope for money falling from the sky if I'm counting on you, a loser! Okay, Section Chief Mitani, I've arranged a banquet tonight and invited Tao Taro, the current president of Tosan Kyoto Branch.
Your Excellency, whether you can get help depends on this banquet. You can come with me." The fat man Yamaguchi Sawa said.
Mitani Hiroshi nodded quickly and bowed.
"Oh, by the way, call your wife. I remember her name... Oh, by the way, Mitani Nami, right." Yamaguchi Sawa stood up and patted his shoulder heavily, "Remember to let her
If your wife does a good job, if you can't, let her sacrifice for the bank."
"Nami...Nami-chan?" Hiroshi Mitani subconsciously wanted to refuse, but when he saw Yamaguchizawa's eyes and thought of the current situation of the bank and his own situation, he lowered his head slumped, "Okay, okay! I will talk to her