The financial crisis has affected a wide range of areas and lasted for a long time. Thailand, Indonesia, Malaysia, South Korea and other countries have been unlucky one after another. The Japanese government is not a fool, and must be extremely vigilant - the Japanese people do think that a bunch of fool politicians are in power, but
The basic IQ of these politicians is still there, so they naturally need to be prepared in advance.
This is what it should be. Just as the Chinese Special Administrative Region Government has prepared a US$96 billion foreign exchange fund and a land fund to deal with international speculators, the Japanese government has also begun to gather funds. It is preparing to prepare US$80 billion in the first phase, and then see
Depending on the situation, if necessary, even if 200 billion is prepared, the bad guys will be driven away. However, with such a large amount of highly liquid funds, it will be difficult for the Japanese government to come up with it for a while - just because the country is rich does not mean that the government is also rich, just like the United States.
A country with an annual output value of nearly 21 trillion US dollars would vomit blood if the government spends 200 billion US dollars to carry out tasks.
Of course, you can still pay it out by force. No matter which country's government is best at borrowing money, for example, the debt owed by the Japanese government can only be repaid if the entire country does not eat or drink for twenty years, but it borrows new money every year.
It's still old, it doesn't matter.
So the Japanese government asked all the major banks to help. Both state-owned banks and private banks must fulfill their obligations to subscribe for bonds, that is, lend the money to the government for use first, and then return it to them after it is used up. After all, there will be no end to the situation.
Damn it, if the economy really collapses, no one will be able to live well, but the major banks all said they have no money - I'm sorry, we want to fulfill our obligations, but we can't.
The Prime Minister's Office was very dissatisfied and suspected that these guys were planning to learn from Thailand's private banks. State-owned assets were fighting against international hot money at the front, while private capital at the rear was taking advantage of the situation. They began to verify, and upon verification, they were shocked to find that these guys really had no money——
With land and houses, it seems that the capital is huge, but there is not much liquid capital available.
This is the aftermath of the bursting of the bubble economy a few years ago.
Japan is a mountainous country with limited arable land. For a long time, Japan has only experienced rising land prices. Therefore, land in Japan is considered the most valuable investment method. For banks at that time,
, as long as there is land as collateral, borrowing money is not a problem.
But all this changed after the bubble economy burst. Land prices plummeted, and almost all of them were cut off. The land held by banks was equivalent to dead debts. At this time, banks had almost no options in front of them.
——They chose to endure and wait for real estate prices to rebound. As long as real estate prices rebounded, they were still good guys, so they covered up this problem.
The Ministry of Finance has been infiltrated by the banking industry for many years, and has already prospered and shared losses. At the same time, it does not want any scandals in the banking industry, which will not only undermine public confidence in the banking industry, but also bring out a large number of rats, so
They acquiesced, pretending not to know, pretending not to see, and also looking forward to a rebound in real estate prices - this is Japan's consistent behavior, but it was precisely because of this that the Ministry of Finance was deprived of the right to review and supervise the banking industry in 1999.
It was handed over to a reorganized department, the Financial Services Agency, which originated from the Prime Minister's official residence.
Now is the moment when we can no longer hide it. The first unlucky person to be exposed is Kansai Naganobu Bank, which is ranked 19th in the world and fourth in Japan.
According to Ministry of Finance records, last year its bad debts were US$1.92 billion, and its capital adequacy ratio was 8.92%. It seemed that its finances were very healthy, and its profits were enough to write off bad debts. However, after detailed investigation, it was discovered that Changxin Bank’s actual bad debts
At 8.21 billion U.S. dollars, it has already been overwhelmed and has fallen into poor liquidity.
After the truth came to light, in just six trading days, the stock price of Kansai Naganobu Bank fell from more than 100 yen per share to 50 yen per share. Nearly two-thirds of the market value was evaporated at a rapid rate. In an emergency meeting of all shareholders,
At the conference, someone even asked the question: Is Changxin going bankrupt?
Changxin Bank indeed planned to go bankrupt. The president publicly apologized, bowed in front of the camera for fifteen minutes, and then asked the government to nationalize Changxin Bank.
At the same time, all Changxin Bank branches throughout Japan were closed in response to the bank run.
This is already a shocking event, but it is only the beginning. For the Japanese banking industry, October 1997 was the darkest month.
Changxin Bank ceased operations and requested state assistance;
Two days later, the president of Changxin Bank was ordered not to leave his home so that the government could determine whether concealing bad debts was a crime;
Immediately afterwards, Japan's tenth-ranked Hokkaido Development Bank ceased operations, and many senior officials were summoned for questioning. At the same time, major banks also began to collect funds in an all-round way;
Three days later, the Junshan Bank Alliance announced its dissolution, and its affiliated Junshan Securities, the fourth largest securities company in Japan, announced its bankruptcy. Following this, many city banks such as Takagi and Yuanhai announced the suspension of operations, hoping that the country would step in to stabilize people's hearts.
To avoid large-scale bank runs.
…
In just over a week, countless abscesses that had accumulated over the years were dug out. The furthest traces can be traced back to the early 1980s, which attracted the attention of countless people. As for whether "Oki" will participate in the Academy Awards, Chihara Rinto
The criticism from the Academy of Broadcasting and Broadcasting is even more intense - political and economic news is boring and boring, and people usually don't care about it at all, but if something shocking happens, entertainment news will naturally fall by the wayside.
Chihara Rinto was also stunned, and finally understood why Japan was so vulnerable in the financial crisis - Japan is not a small country like Thailand, Malaysia, Singapore, or South Korea. It is a large economy ranked among the top in the world.
It once competed with the United States for world economic hegemony, and its capital was quite strong. From an economic perspective, even if it was hit by the United States, it would still not lose much to China at this point in time. There is no reason why China could withstand it, but it has continued to do so.
He has no ability to fight back.
At any rate, let’s have a vigorous fight like China’s XG special zone defense battle, right? Why is it so cold without any movement?
Now he finally understood. It turned out that the roots were rotten long ago. On weekdays, nothing could be seen. The trees were full of trees, with luxuriant branches and leaves, and they were prosperous. But when the typhoon came, the trees naturally fell down in pieces. No human effort could stop them.
.
Even if Guan Zhong reincarnated, he would not be able to save Japan. It was as if God had his own will.
Although Chihara Rinto had known that all this would happen, he really didn't expect it to happen like this. He didn't care that his news popularity was fading, and he just looked at everything with cautious and surprised eyes.
Not many people have the opportunity to witness something like this with their own eyes...
On the roadside, the number of homeless people in the park began to increase again, and there was a long queue in front of the employment office. Countless people were waiting in front of the bank early, hoping that the bank would open. No matter whether the bank had operational problems or not,
I want to withdraw my money quickly, but the bank is struggling to deal with it and tries to persuade me in every possible way, which makes it miserable.
The market is even more depressed, and factories and companies have begun a new round of bankruptcies.
Kansai Naganobu Bank alone is the financing core for more than a dozen very large enterprises, involving hundreds of large and medium-sized enterprises, and more than 2,000 small factories and enterprises. However, such a bank has ceased operations and is currently in operation.
If the country files for bankruptcy, the factories and companies that have always relied on it will naturally fall into trouble.
Salary cuts, dismissals and even forced layoffs have become commonplace. Things that were condemned in the past suddenly become natural, and people begin to cherish the funds in their hands. Any consumption begins to require more consideration.
At this time, international hot money had just begun to attack Japan's exchange rate.
Japan's economic journey to bottom suddenly began.
…………
"Teacher Chihara, please!" The credit section manager and loan officer of Meguro Kazama Commercial Bank were lying on the ground, banging their heads on the floor: "Please... please help us, please!"
Kazama Bank is a medium-sized commercial bank, and it is quite influential in Meguro District. The person who can be the credit section chief here is naturally a top student who graduated from a prestigious school. Similar to Murakami Iori's identity in the TV station, he is the backbone of the bank's training.
It is not an exaggeration to say that a member of the elite has a bright future.
But at this moment, it was the uncle who owed money, so they could only sit down and beg for money. In order to live a happy life with Ningzi, Chihara Rinto spent nearly 500 million yen to buy a large house, and then mortgaged it.
I gave it to the bank and loaned out more than 400 million yen to speculate in foreign exchange.
Of course it didn't matter to the bank in the past. Qianhara Rinto had land and real estate as collateral, so he could repay the bank with high loan interest. It didn't matter if he couldn't pay back the bank. He could make more money by selling the land and house - the bank knew that real estate prices were still slowly falling.
, so I have reserved a certain margin, thinking that I can’t cut the house price in half again, right?
But this trivial thing seems to be really going to happen. Winter is approaching, and the stock market and housing prices have reacted the fastest. They have collectively begun to fall. Who knows where they will fall. Banks are afraid that Qianhara Rin will be turned upside down and the house will be lost.
——Banks now need liquid funds more than real estate that cannot be sold in a short time.
Banks are in desperate need of funds!
"We know this is a rude request, but if possible, could you please consider repaying the loan in advance?" The credit section manager of Meguro Kazama Commercial Bank has some ability to be a cadre. He was lying on the ground as if he wanted to take his head.
After smashing a hole for more than a dozen times, he still spoke fluently: "If you can pay back the loan in advance, the whole branch will be very grateful."
Qianhara Rinto was sitting there scratching his head. Of course the people at the bank knew where his home was and came to harass Ningzi every day. Ningzi had to call him back, and the two people knelt down after saying a few words.
He started banging his head on the floor to get him to pay back the money.
Although it is natural to pay back the debt, he used the money to speculate in foreign exchange, and now he has no money to give them - the two parties have a contract, and he still has more than two years before the repayment period, and the bank is very
Asking him to pay it back in advance would actually be considered unreasonable.
Banks are really an industry that lends umbrellas on sunny days and takes away umbrellas on rainy days. No wonder they are so hated.
Qianyuan Rinto was not used to people kowtowing to him, so he couldn't bear it. He stretched out his hand to help him, but he couldn't help him up. He could only say: "Wait a minute, my financial consultant will be here soon.
You can talk to him then."
"If you can repay the loan early, we can waive interest."
The bank has also spent a lot of money, which is equivalent to getting free money for Chihara Rinto to use for nearly a year, and Chihara Rinto doesn't want to have to deal with this matter. He doesn't know much about it himself, so he thinks it's better to let professionals handle it. Sigh
He said: "Wait a moment, it's better for you professionals to discuss professional matters."
The people at the bank just thought that Chihara Rinto was perfunctory and didn't want to pay back the money at all. After all, whoever pays back the money at this time is a fool, but the bank needs money. Nowadays, a large number of banks have been found to be operating poorly, and almost all of them concealed bad debts.
This behavior has greatly questioned the credibility of the bank. Countless people want to take away the money and put it in the closet, and they are about to be unable to stop it.
As long as banks want to survive and survive this wave of runs and the subsequent deterioration of the economic situation, they need liquidity.
It is impossible to count on the government for a while. The government itself owes a lot of debt.
The most important thing now is to survive. The head of the credit department made a decision in an instant and said as ordered: "If you are still not satisfied, we can also reduce the principal, how about 5%?"
For the bank, nothing is more valuable than cash now, and it is acceptable to lose part of the principal for this reason. But Qianhara Rinto was stunned. Not only is there no interest for borrowing money from the bank, but can it be paid back less?
His expression became a little more serious and he asked seriously: "Is your bank in a very bad situation now?"
He saw that the market situation was very bad, and he could see from the news that the economic situation was deteriorating rapidly, but he did not know so clearly what was going on inside the bank. After all, there were so many different banks, and the head of the credit department was so familiar with it.
There is nothing to say, because the situation is really bad, so I can only hit my head on the ground again: "How about reducing 7% of the principal?"
No matter if you can bring back 372 million yen, every yen is precious to the bank now, and Senhara Rinto is already the best object of intercession, like a company or factory, now they are forcing money from them
It's like forcing them to close down.
Chihara Rinto instantly understood the bank's determination, and also understood that the current situation was really bad - he was not a banker, had never seen a run, and could not understand the bank's fear of a run.
However, it cannot be said that the choice made by the bank is wrong. After a while, his house will only be worth 278 million yen. If he wants to appreciate it back to 400 million yen, he is afraid it will take another 70 million yen.
Eight years.
Now the bank's loss of 28 million yen can be exchanged for 372 million yen in seven or eight years. It should be considered a profit, but he doesn't want to get involved in this matter. This is Shintaro Yasuda's job, so he directly refuses to comment -
-Actually, he doesn't really want to pay it back. Now is a good time to make a fortune. If he pays back the money, the bank won't compensate him for the less money he made.
The people at the bank just took it as if he refused, and made concessions step by step without him saying anything. It felt like he had changed his career to become a charity, at least compared to the China Red Cross Association:
"Can you agree to 10%?"
"How about 12%?"
Qianhara Rinto shook his head and said nothing more. After the credit section manager called for a 15% reduction, he did not dare to call again. This was his maximum authority. If there were more reductions and exemptions, he would not be able to deliver the work when he returned.
I started to stumble on my head and beg hard - they say bankers are vampires, but vampires are not easy to work with either!
Soon Shintaro Yasuda arrived. He is currently staying in Tokyo to prepare for the "national crisis" and was especially respectful when he saw Rinto Chihara.
It would be disrespectful to say that Chihara Rinto has made "national wealth" in several countries, especially in South Korea. His assets have expanded nearly seven times. His current net worth has exceeded 27 billion yen. One person can own a medium-sized company.
Listed companies.
More importantly, all the assets in his hands can be turned into cash in an instant, and most medium-sized listed companies can hardly afford so much liquidity - from this perspective, Chihara Rinto can even be said to be able to make money by himself.
It can rival a large listed company.
And this is not over yet. Chihara Rinto's main funds have already been transferred back to Japan and the plan has been laid out. It is expected that it can expand several times again in the future.
Therefore, this is due to Yasuda Shinburo being disrespectful. He knows the power of wealth very well, and it is even difficult to understand why Chihara Rinto still stays in the TV station. If it had been him, he would have found a group of women and lived a life of debauchery.
.
He quickly figured out the whole story and didn't take it too seriously. Three to five billion yen is nothing to Chihara Rinto now.
He just forcibly took away the people from the bank, and Chihara Rinto didn't care much. It was up to Shintaro Yasuda to decide whether to pay back the money in advance. After all, he was his financial advisor, and I believed he would make a professional judgment -
- He only made one request, that people from the bank were strictly prohibited from coming to his house to kowtow, let alone harass Ning Zi.
For him, even if the matter was settled, he pondered for a while and felt that Japan was really going to be in bad luck this time. Even the medium-sized banks were like this, and he didn't know whether the large banks would be good or bad.
But he didn't think it was any of his business. He thought about it for a while and then forgot about it. He was about to eat the luxurious meal carefully prepared by Ning Zi. However, after walking a few steps, he received a call from Iori Murakami: