Reborn Tokyo Golden Age

Although the Bank of Japan's first adjustment of interest rates did not have the desired effect, the outside world also discussed it for a while and stopped paying attention.

But Shirakawa Kaede suddenly became nervous after learning that the Bank of Japan was raising interest rates.

Many people in later generations know about the neon bubble, but how the bubble burst, or the process from the beginning to the collapse, is not very clear.

The same is true for Bai Chuanfeng. He only remembers that the approximate time should be early next year, but he can't remember the exact date.

But one thing he knew was that the collapse of the neon bubble started with the Bank of Japan's continuous interest rate hikes.

It is now the end of May 1989, and there is only half a year left before the beginning of 1990.

So if the calculation is correct, this interest rate hike should be a prelude to bursting the bubble.

"Arai-san, from now on Hokuto Bank will completely reduce its personal land loan business."

"Eh?" Yu Arai, who had just been called, couldn't help but be startled when he heard Shirakawa Kaede's instructions.

"Shirakawa-san, did you hear anything?"

Seeing Shirakawa Kaede's serious expression, Arai Yuya became serious.

He knew that Shirakawa Kaede often obtained some internal top-secret information, such as when the consumption tax would be implemented and which land the Tokyo Metropolitan Government was planning to develop.

Relying on these insider information, Subaru took advantage of the limelight to sell well. Or Shirakawa Real Estate bought a certain piece of land at a high price and then sold it to the government at a higher price.

It can be said that information is wealth. Of course, information can also be an early warning to avoid risks.

Regarding Yu Arai's questions, Shirakawa Kaede was not prepared to explain too much, but he could talk about some speculations.

"It is not a good sign for the Bank of Japan to raise interest rates. This is the first rate increase since consecutive rate cuts in 1986.

Although the stock market and property market have not been affected now, the future direction is not certain.

In addition, according to rumors, the next president of the Bank of Japan will be Yasusan Mieno. I believe Arai-san knows his governance style better than I do. "

The news that Yasu Mieno is about to serve as the president of the Bank of Japan has not been announced yet.

But one time when he was chatting with Uno Sosuke, Shirakawa Kaede had already gotten a hint from him.

If nothing else, Yasu Mieno will be appointed as President of the Bank of Japan in December.

This information may seem insignificant to civilians, but to a large consortium like Shirakawa Kaede and others, its value is different.

For example, knowing the background, political opinions, and personal preferences of the candidate in advance can help you roughly estimate whether the other party's appointment will affect the consortium's future plans.

As for Mie Noyasu, Yu Arai does know him better than Shirakawa Kaede.

As a person in the financial industry, Arai Yu is very aware that Mie Yeyasu has always adhered to his austerity policy.

Even though the Bank of Japan has only raised interest rates to 3.25% now, if Mie Noyasu takes office, this interest rate will definitely continue to rise.

How high has it risen? Arai Yu's face changed a few times, and he looked up at Shirakawa Kaede.

"Chairman Shirakawa, do corporate loans also need to be stopped?"

Knowing that Mie Noyasu was going to dominate the Bank of Japan, Arai Yu's thoughts were even more radical than Shirakawa Kaede's.

No way, the name of a person is the shadow of a tree.

Now it seems that the Bank of Japan has started to raise interest rates before the other party takes office. This is indeed not a good sign.

When he takes office, what's the point?

“Let’s raise the review threshold for corporate loans. If land in remote areas is used as collateral, the loan limit will be cut by 60% of the original amount.

Loans that do not use land as collateral will be disbursed normally after the review is complete. "

Whether it is a personal loan or a business loan, as long as it is a business with land as collateral, a contractionary policy will be adopted.

No matter how bad the situation is, the procedures should be lengthened and the loan cycle should be extended as much as possible.

These lands will no longer be worth the price immediately. If we continue to lend money at the current land prices, will we lose money later?

But as a bank, it is impossible not to do loan business, otherwise it will only receive complaints from users and even lose old customers.

Therefore, after weighing the balance, the only option is to increase the review threshold and reduce the loan amount.

Although land prices will collapse, there will be no shortage of buyers for land in some popular areas of Tokyo.

Therefore, Beidu Bank will still recognize the mortgage of these assets, but of course the price must be carefully discussed.

However, the valuation of those lands in remote areas will be cut by 60% first. Whether Beidu Bank will lend them money or not is another matter.

There is no shortage of people to buy land in Tokyo, but it is hard to say in other places.

“In addition, we will re-evaluate all the current loan businesses of Beidu Bank, for those customers who purely use land as collateral.

Tell them that if the loan can be settled early, the interest will be reduced by half of the original amount. "

Although Beidu Bank has always been cautious about land loans, with so many branches across the country, there will always be some employees who make bold loans in order to gain performance.

Therefore, it is necessary to re-evaluate the existing loan business. No matter how hard it is, if you can recover a little bit, you can still recover some losses.

Neon is still in a period of economic prosperity, so it is not impossible to recover the loan early. If it is two years later, it will be difficult to say.

Shirakawa Kaede's instructions were all written down by Arai Yuichi.

Although he doesn't know what will happen if the Bank of Japan continues to raise interest rates, a bad premonition always lingers in his mind.

"Chairman Shirakawa, except here at Hokuto Bank.

Shirakawa Real Estate also acquired a lot of land before. Should we take advantage of the current opportunity to sell it as soon as possible? "

Real estate is not the main business of Shirakawa Holdings. Since it doesn’t feel good, should we cash out in advance and run away?

Regarding Arai Yu's suggestion, Shirakawa Kaede thought for a while and then shook her head.

“Many of these real estate properties are in prosperous neighborhoods, although if they are sold now, a considerable profit will be recorded.

But once these high-quality land resources are sold, it will be difficult to take them back later. "

Bai Chuanfeng is not short of the money to sell the land now, and he didn't intend to make a fortune from it when he hoarded the land.

It's purely some high-quality real estate resources that make people feel reassured when they are in their own hands.

Of course there is no shortage of buyers for selling now, but other consortiums are not fools either.

Even if high-quality real estate resources plummet when the bubble bursts, those consortiums will not sell their high-quality assets.

Because they know that the price reduction is only temporary and that high-quality land will return to its original value sooner or later.

Therefore, the land previously hoarded by Shirakawa Real Estate should not be touched, otherwise those discerning buyers will most likely not sell it again in a short period of time.

If this is the case, it would be a bit outweighing the gains and losses for Bai Chuanfeng. After all, he didn't spend much money to buy these lands in the first place.

In addition to real estate, Shirakawa Holdings also wants to slowly sell out some of the stocks of other companies it previously bought.

It is expected that all the shares purchased for investment purposes will be sold out before the end of the year.

The rumble of thunder in the clouds has been faintly heard in my ears. If I don't run at this time, how can I run?

Bai Chuanfeng was very open-minded. He would rather earn less than wait until the moment before the collapse to run away in a hurry.

While Baichuan Holdings is cautiously liquidating its assets, its colleagues outside are becoming more and more arrogant.

I don’t know if it was stimulated by Shirakawa Holdings’ acquisition of Paramount for US$90, but Neon’s major companies have also started overseas explosive buying models.

The first was Sony, after acquiring CBS Records for $2 billion in 1987.

In September this year, Sony once again acquired Hollywood's Columbia Pictures for US$3.4 billion and assumed the latter's US$1.6 billion in debt.

In just six months, two Hollywood giants were bought by Neon Enterprises, and the sensitive nerves of the Western media were once again aroused.

"The Japanese are stealing the entire United States!", "This is the second reappearance of the Pearl Harbor attack!", "The sinful Japan has once again extended its claws to the United States~"

These sensational headlines filled the headlines of Western media for a while. First there was Paramount, and then Columbia. So who is next?

Faced with overwhelming reports from Western media, let alone Norio Ohga. Even the founding father, Akio Morita, began to speak out.

Sony's acquisition of Columbia is not an invasion of neon culture.

In the subsequent business integration, not highlighting the characteristics of Japanese companies will also ensure that the acquired companies maintain American characteristics.

Hey, why is this rhetoric so familiar?

Before the Western media could react, Sony announced the next day that it would acquire Guber-Peters Entertainment for US$200 million.

And hired two partners of the company, famous film producers Peter Gubel and Jon Peters, to serve as co-chairmen of the post-acquisition Columbia Pictures.

In addition, the original Columbia company was renamed Sony Pictures Entertainment.

Good guy, after this set of actions, the Western media finally knows what they are familiar with.

Did Shirakawa Group also say the same thing when it acquired Paramount?

And also on the next day, Shirakawa Group also acquired Jaffe-Lansing Pictures for US$200 million. And also hired their founder to serve as the general manager and executive officer of Shirakawa Paramount.

After such a comparison, do you think Sony is copying the work of Shirakawa Group?

Faced with this seemingly similar scene, the Western media went crazy.

"Shameless imitators and invaders!", "Insincere explanation of the acquisition", "The American people have lost Colombia forever~", "Half of the torch in the hands of the Statue of Liberty has been bought by neon"

A barrage of accusations flooded Sony, and Norio Ohga and Akio Morita were both a little confused.

It was obviously me first, why are everyone blaming me, Sony?

In November last year, Sony had begun negotiations with Columbia Pictures to acquire the film, and they went through many hardships until they reached an agreement today.

Shirakawa Holdings only started contacting Paramount at the beginning of the year, so it was indeed Sony who was one step ahead.

However, the public does not pay attention to the issue of who negotiates first. They only pay attention to the results reported now.

Sony's series of measures are so similar to those of the Shirakawa Group. It's no wonder that everyone thinks so.

Why is it so similar? Ahem~ Bai Chuanfeng said that this was indeed a coincidence.

How did he know that the Shirakawa Group was following the same path of Sony in the previous life, and that Sony in this life was following it again?

But no matter what, for the West. Two consecutive Hollywood giants changed hands, which really stimulated their nerves.

Hollywood has always been the pride of the American people, but now that it has been taken over by Neon Enterprises, it is like letting a pig take over their own cabbage.

But do they think this is over? No, this is just the beginning.