Former Prime Minister Hosokawa Morihiro committed suicide in the Prime Minister's official residence. This incident caused a sensation all over Japan and was reported by various mainstream media. Three major issues that followed were:
First, who will quickly replace Morihiro Hosokawa as the new prime minister.
Second, whether Hosokawa Morihi really has ulterior transactions with the Mitsui Consortium, and how these issues will be dealt with in the future.
Third, how to deal with the "hospitalization" issue left over by the Hosokawa cabinet and the ensuing financial crisis.
Each of these three questions is more serious than the last. In comparison, the answer to the first question is more precise and not too controversial.
The short-lived Japanese New Party gave the people new hope, but it was a pity that it was reduced to nothing when Hosokawa Morihiro committed suicide not long after.
The Liberal Democratic Party, which rose to prominence due to the three members of the Anzhu Palace, still has a very poor reputation, and it is unable to select a suitable candidate internally to compete for the vacant prime minister's position. Hata Tsutomu, who had been preparing for this for a long time, was suddenly confused.
Like Hosokawa Morihi before, he was frantically planning how to remove his predecessor from power, fearing that he would not use enough force and would be counterattacked by the other party.
However, things in the world are unpredictable. The death of Hosokawa Morihi was equivalent to putting the crown of prime minister directly on Hata Tsutomu's head, catching him off guard, and all the designs became funny and useless.
Watching the speechless Hata Tsutomu on the TV becoming the sixth prime minister of the Heisei era and the 80th prime minister of Japan, Kitahara Sosuke couldn't help laughing.
It has to be said that Hosokawa Morihiro's sacrificial attack did cause tons of damage to his old friend. Once he died, the conflicts within the new party intensified. The Socialist Party was forced to come to power amidst a lot of doubts. At the same time, the economic problems left behind,
The unresolved Great Depression and other heavy burdens all fell on Hata Tsutomu.
The succession of this Prime Minister was very unpleasant.
In front of the TV, Hata Tsutomu announced the new cabinet members as usual after issuing his declaration of taking office.
The old and strong Ryutaro Hashimoto not only served as the head of Japan's Financial Services Agency, but also held the post of Minister of Finance. He also became the Tibetan Minister of Finance during Toshiki Kaifu's period, but now his power is even greater.
Large, the split Ministry of Finance appears to have shrunk, but in fact it has increased control over the banking industry.
Ryutaro Hashimoto is now the most talked about Japanese economy.
What is amazing is that Masayoshi Takemura, who was previously the head of the Kyoto Finance Department, jumped through countless levels and became a miracle in the history of Japanese politics, directly becoming the Chief Cabinet Secretary of the Prime Minister!
The rapid rise of this direct backbone of Hata Tsutomu to the top also proves the complicated personnel relations issues within the Socialist Party.
Hata Tsumugi is completely opposite to Hosokawa Morihiro, who started targeting his old brothers as soon as he came to power. He is nepotistic. His younger brothers who had followed him in the Ministry of Finance and the Financial Services Agency, as well as the new backbone members of the Socialist Party, were all promoted to important positions.
Every important position is filled.
This also indirectly led to the collapse of the Haneda cabinet later. Only this group of Socialist Party members held power. Without external pressure and competition, they began to engage in internal strife. As a dignified prime minister, Hata Tsugumi has never been able to truly gain top power.
During his three-month term, he had been arguing with Ichiro Ozawa, the representative secretary of the New Party, and Yuichi Ichikawa, the secretary-general of the Komeito Party, who had a heated argument with Masayoshi Takemura over banking issues.
In the end, the Socialist Party, which had accomplished nothing, simply fell from power.
Kitahara Sosuke doesn't remember many historical events, but it's enough.
Unfamiliar names flashed across the TV, until he saw one named Tomiichi Murayama, and the corners of his mouth slowly raised.
Tomiichi Murayama was appointed as the Minister of International Trade and Industry, in charge of various tasks of the company. He is considered a relatively marginalized figure in the current Prime Minister's Cabinet. This position was previously held by Ryutaro Hashimoto and was promoted by some big bosses.
Small springboard.
And Tomiichi Murayama is over 70 years old, and there is no possibility of further advancement. Giving him this position is to provide for him. After all, he was an important and veteran member of the Liberal Democratic Party. He followed Hata Tsugumi to the Socialist Party, so he has to give people a little sweetness.
Kitahara Sosuke remembers that this old man was pushed to the stage and took the blame for more than a year. Who made Hata Tsumugi so incompetent? In the original history, he resisted the pressure until the Asian financial crisis broke out in 1996, and then stepped down and handed over the power.
To Ryutaro Hashimoto.
Previously, Kitahara Sosuke never understood why there was an old man between Hata Tsutomu, the last scapegoat, and Hashimoto Ryutaro, the big brother who dealt with economic problems.
Now he understands.
After the Great Depression, the biggest crisis in Japan was the various problems in the banking industry. If these problems were not solved, they would not be able to withstand the subsequent Asian financial crisis. At this time, there must be someone to shoulder the pressure and take the blame for these things.
, of course it cannot be Ryutaro Hashimoto who later came to power to solve the problem.
Then we can only find an older generation who is highly respected and old enough to take the blame.
On TV, even though he was in trouble, Hata Tsutomu raised his fist and vowed that he would solve the "housing and housing" issue. He claimed that the Prime Minister and Cabinet had provided guidance on management improvement of the "housing and housing" issue, and the plan would be implemented from now on.
Let the public wait and see about its implementation.
This is a plan called the "Heisei Bank Concept". During internal discussions, it was decided to solve the two major problems of "housing specialization" and the banking crisis at the same time.
The Heisei Bank concept plan mainly focuses on two points.
First, we must completely eliminate the "relief color" and prevent the public from having the panicky feeling that "Japan's economy has collapsed and the government and the Bank of Japan are trying to save it."
Second, it is necessary to "extensively and comprehensively" collect capital contributions and low-interest loans for Heisei Bank from the financial sector to fill in all previous loopholes to the greatest extent possible.
Regarding the "Shokukan" and related banks related to the Heisei Bank problem, the Prime Minister's Cabinet decided that the Bank of Japan and the private sector will each contribute 50% of the capital. The initial cost will be raised from "related financial institutions" related to the bankrupt financial institution.
For example, if Naganobu Bank is about to go bankrupt, it will have to raise a large amount of funds from Sumitomo Bank, which is related to it, to rescue it.
However, these related financial institutions are not willing to be taken advantage of, so the final plan is to change it to a "cooperation method from all over Japan", where everyone will jointly raise funds for rescue, and a certain special insurance premium system will be added to protect the interests of investors.
To put it bluntly, let society pay for economic problems together, but it is just covered in a seemingly good veneer, and it must be very difficult to implement.
But this is the best solution that the Haneda cabinet can think of. Their previous focus has always been on competing for the position of prime minister, and they have not considered these economic issues at all.