Bank Bureau Director Yoshimasa Nishimura and Bank of Japan Director Kunio Kojima summoned the three presidents of Sumitomo Bank, Fuji Bank and Japan Long-Term Credit Bank to the Bank of Japan Hikawa Ryō in Akasaka.
Nippon Hikawa Ryo is the nickname of the Bank of Japan Hikawa Branch. It is a reception facility under the Bank of Japan. It is located in Hiroo, Azabu-juban, a prosperous area of Roppongi, Tokyo.
Sumitomo Bank is the chairman bank of the National Federation of Banks Associations, Fuji Bank is the designated financial institution of Tokyo designated by the current Prime Minister’s Cabinet, and Japan Long-Term Credit Bank has a close relationship with the Tokyo Concord Credit Group.
Since the Great Depression, the financial and banking industries have collapsed at a crashing speed, and the intensity of the crisis is no less than the despair of the stock and housing markets in the early stages of the bubble burst.
If this continues, countless financial institutions across the country will collapse due to funding problems. Once financial institutions cannot survive, a large number of clubs that rely on their loans will also die.
Clubs are the basis for the business operation and capital inflows and outflows of this society. If business collapses, then there will be no hope for national finance.
After that, it is self-evident what awaits them.
National strength is decreasing instead of increasing!
In the great era, a modern country with a population of hundreds of millions and rapid development will actually begin to decline in national power.
This is simply unimaginable.
For this reason, Nishimura Yoshimasa, who couldn't bear it, summoned three people to come forward, hoping to formulate a strategy to deal with the financial crisis.
In the conference room.
The atmosphere is serious.
Nishimura Yoshimasa looked at the three of them and whispered: "This time, I hope to work out a more comprehensive and clear solution to the current financial crisis. The preliminary plan will be discussed by us first, and then Minister Hashimoto, President Mie Yasu,
There are also four general presidents from Tosan, Mitsui, Kanyin, and Sanwa who will also come."
Sitting below were Sumitomo Bank President Ichiro Katsuda, Nikaga Nobu President Hiroyuki Nonaka, and Fuji Bank President Masanori Tanabe, silent.
In this way, senior executives related to the Big Six and finance are gathered together.
The only thing that can bring them all together is a national financial crisis.
"My initial plan is to establish a trustee banking institution called 'Tokyo Kyoto Bank', and then rely on everyone's capital injection to make it a huge size. Subsequently, the trustee bank will continue to acquire those companies as a third party.
Financial institutions that are on the verge of bankruptcy must be unified and organized so that they will not completely collapse."
There is no other way around this.
If those financial institutions are allowed to fail one after another, if nothing else, people's confidence in financial institutions will drop significantly, and they will be unwilling to save money in financial institutions, and then the country will be gone!
A large amount of hot money flowing outside will also cause many social problems.
In fact, if the Ministry of Finance and the Bank of Japan raised some deposit interest rates, they would be able to properly absorb some of the hot money and calm down the people's heated hearts.
The problem is that the government doesn’t have that much money to pay them interest!
Not only are banks short of money, but citizens are also short of money. Now even the government is short of money.
The only people who can be said to not be short of money are the leaders of these financial groups present.
"Of course, I won't let everyone's money and efforts go in vain. As long as you invest in Tokyo Kyoto Bank, you can get shares. These shares also include the ownership rights of the acquired financial institutions."
This sentence was very difficult for Nishimura Yoshimasa to say.
To be honest, if the situation had not reached this stage, he would really not want to say it.
what does that mean?
In disguise, the government supports consortiums to start acquiring other financial institutions!
Although consortiums have controlled many economic lifelines in the past, the financial economy has always been dominated by the Ministry of Finance and the Bank of Japan. Although the six major urban banks are strong, they cannot cover the sky with one hand.
In order to restrict them, Japan's banking law has many regulations. One of them is geographical restrictions, which do not allow arbitrary opening of branches, and then use massive funds to swallow up those small and medium-sized financial institutions, turning themselves into an oligarch-like existence.
It is under the checks and balances of this treaty that so many banks can coexist in Japan.
Moreover, those local second banks control the economy of many rural and remote areas. Over time, it will be quite difficult for consortiums to get involved.
These are economic bargaining chips used by the government and consortia to compete.
Nowadays, these financial institutions have been destroyed one by one. They are absorbed by Tokyo Mutual Bank and then shared with them. This is a disguised benefit to these consortium banks!
He is unwilling and unwilling!
But there is nothing you can do!
"So, the government has decided to relax our merger restrictions?" Ichiro Kita was keenly aware of the huge interests in it, and his dead face finally showed some improvement, "There are no geographical restrictions, as long as we like it?
"
"Theoretically, that's the case." Nishimura Yoshimasa nodded.
The three of them were shocked, and then smiles appeared on their faces.
In this case, there is no big problem in paying for it.
"So how much money does the government need this time?" Masatori Tanabe asked.
"The total funds are about 10-15 trillion yen. The specifics may depend on our needs. It won't be too much, and it won't be too little. When Tokyo Kyodo Bank starts the acquisition, if you want to take some financial resources from us,
Institutions also need to pay a certain price, is that okay?" Nishimura Yoshimasa asked again.
Several people nodded.
It doesn't matter at all.
Things that you couldn't buy even with money before are now available as long as you are willing to spend money. Why not?
As for the 10-15 trillion he mentioned, even a certain consortium cannot afford it. What's more, the six major consortiums join forces and each person shares two or three trillion, which is not a big problem at all.
"By the way, this time, we will appoint Mr. Katsuda Ichiro, the president of Sumitomo Bank, as the president of Tokyo Mutual Bank." Nishimura Yoshimasa said with a smile, "This is the result of our negotiations with the Prime Minister and the Cabinet. Everyone thinks that Katsuda
Mr. has the most experience.”
Not from Fuji Bank?
Ichiro Kita was stunned for a moment.
He knew that the supporter behind the prime minister's cabinet was the Fuji Foundation, and he originally thought that Masatori Tanabe would be very thoughtful about the position of president.
At this moment, I turned to look at him, seemingly uninterested.
strangeness!
"In addition, there is a banker who will come to participate in our plan today, Mr. Kitahara Sosuke, the president of Kitahara Shenlang Credit Bank."
Speaking of this name, Nishimura Yoshimasa paused.
Several people were shocked at the same time.
Kitahara Sosuke???
That young man who just rose to prominence?
Among the three of them, Ichiro Kita knew him best. Hearing this name, the corner of his mouth couldn't help but twitch.