Reborn Tokyo Golden Age

Japan's troubles are indeed so great that the Japanese government cannot contain them and has no choice but to burst the bubble.

While bursting the bubble may be accompanied by labor pains, if it doesn't, the entire country risks collapse.

Once upon a time, the export trade industry was a strong driving force for Japan's economic development.

But in just a few years, everything has changed drastically. Judging from the average data, the export trade industry is even lagging behind.

In order to save the real manufacturing industry, the government has also introduced a series of subsidy support policies.

However, these investments have not received any meaningful positive feedback in the face of decreasing trade volume.

Therefore, from the perspective of the input-return ratio, the export trade industry is indeed lagging behind.

However, as neon becomes more prosperous every day, where has its wealth gone?

Its wealth has turned into rootless duckweed in the stock market and real estate market. Its wealth only circulates between finance and real estate, and even flows out overseas.

Over time, physical manufacturing, high-tech fields, cutting-edge technology development, education and people's livelihood, etc., will all wither and die.

At that time, the country will no longer be a country, and how will the people be attached to it?

It is precisely because the Neon Government has seen through the connection behind this that the surging sense of powerlessness is increasingly stimulating the government to do something quickly.

Therefore, two interest rate hikes became an initial test. When the effect was not good, Mie Noyasu took charge.

The neon bubble has reached a point where it will collapse if it is not eliminated.

Before implementing a new round of interest rate hikes, the Ministry of Finance even warned the Japanese people of the risk of a "securities crisis" to avoid them.

This is actually the neon government's last warning to burst the bubble, and it is also the people's last chance to escape.

However, except for a few individuals, most people are still intoxicated.

At the end of December, the Bank of Japan raised interest rates, with loan interest rates rising from 3.75% to 4.25%. At the same time, the discount rate increased from 1% to 6%.

The so-called discount rate is the interest calculated at a certain rate when commercial banks handle bill discounting business.

To put it simply and crudely, the higher the discount rate, the less money a company can get.

Increasing the discount rate means that financial institutions and real estate companies will receive less profit when they reinvest in the stock market or property market in the future.

This action of the Bank of Japan is a two-way restriction on capital investment in the stock market and property market.

By coincidence, this time happened to be stuck on the last day of 1989. The next day was the New Year, and most companies were already on holiday.

This of course also includes the Tokyo Stock Exchange, which will be closed from January 1st to the 3rd of the new year.

So on this special New Year's Eve, the Bank of Japan's third round of interest rate hikes seemed calm on the surface, with no public discussion at all.

However, calmness is only for ordinary people. I don’t know how many corporate executives are anxiously waiting for the stock market conditions after the year.

“Have all our funds been withdrawn?”

"Hai, in the middle of this month, all stock market investments and foreign exchange market funds have been cashed out."

At a time when the family was supposed to be reunited to celebrate the New Year, Shirakawa Kaede and Arai Yuu were still sitting in the office of Shirakawa Holdings Building with serious expressions.

The neon stock market and foreign exchange market were booming before, so Baichuan Holdings naturally did not miss it.

Otherwise, where would the super high employee benefits within the group come from? Bai Chuanfeng can't let Bai Chuanfeng pay for it himself, right?

Therefore, Baichuan Holdings is also doing financial investment.

However, starting from half a year ago, the stocks and foreign exchange purchased have been slowly sold.

After half a year, I finally cashed out all the financial products in my hand and withdrew them intact.

Shirakawa Kaede was relieved when she got the affirmative answer. December 31st is the date, and the Ministry of Finance is really good at choosing the date.

"It is rumored that Mitsui and Mitsubishi are also interested in selling the stocks they previously acquired."

At this moment, Arai Yu told Shirakawa Kaede another piece of unexpected news.

"Huh?" Bai Chuanfeng raised his eyebrows, "When did they start taking action?"

"Only these two days, but because the market is closed for the New Year, very few stocks were sold."

It seems that they are also cautious about the Bank of Japan's interest rate hike. After all, the series of measures show that the government is deliberately suppressing the expansion of the stock market.

Shirakawa Kaede didn't know if they had any inside information, but the Mie Noyasu's movements were too fast.

This powerful medicine came less than a month after taking office, and he deliberately chose the end of the month and New Year's Eve to deliberately not give the market time to react violently.

Or is this gap set aside to give certain groups time to discuss and make decisions?

"Dingling bell~" Just as Bai Chuanfeng was daydreaming, the phone on the table suddenly rang.

"Moxi Moxi?"

"Shirakawa-san, I'm Watanabe."

"It turns out it's Watanabe-san. You called me on the first day of the new year. It's not just to say New Year's greetings, right?"

"Haha, Shirakawa-san is still so humorous, I know I can't hide anything from you."

Bai Chuanfeng took the phone and responded twice with a smile. With his relationship with Ichiro Watanabe, there was no need to call to say New Year greetings.

Usually it's just a few friends in the industry who make an appointment to get together alone for a day after the New Year. It's not convenient to talk about many things on the phone.

Now that the topic has reached this point, Ichiro Watanabe is no longer polite.

"Let me guess, is Shirakawa-san still in the office?"

Shirakawa Kaede responded naturally, "Let me guess, Watanabe-san is also still having a meeting at the First Financial Bank headquarters building, right?"

"Haha~" As soon as the words fell, the two of them laughed in unison.

"It seems that Shirakawa-san is also pessimistic about the Bank of Japan's interest rate hike~"

"Be cautious, you're right."

“What I’m saying is that financial markets are the most unpredictable.

I just contacted JP Morgan and ABN AMRO, but they have not made any comment on this matter. "

Bai Chuanfeng's face was in vain. In the past, when the Neon government tightened its policies slightly, these foreign representatives would shout that Neon was interfering in the market.

As a result, the Bank of Japan's actions this time caused the other party to remain silent.

With such an abnormal performance, there is only one possibility, that is, these foreign investors are preparing to run away.

Overseas capital is different from Neon Capital. They only pursue short-term gains, so the stock market has become the best place to go.

In industries such as real estate, which pursue long-term returns and are closely related to local policies, overseas capital does not have much involvement.

For example, right now, if there is any slight disturbance, foreign capital can withdraw at any time without any other restrictions.

Sighing slightly, Bai Chuanfeng knew that what was supposed to come would eventually come.

"Thank you Watanabe-san for informing me. Shirakawa Holdings has always acted cautiously, so we can handle it."

"First Financial Bank's investment in the securities market is relatively controllable, but in the real estate market," Ichiro Watanabe suddenly stopped mid-sentence.

It's too early to say this now, and it's just a guess in my mind, so it's better not to make early conclusions.

After the two parties exchanged a few words on the phone, Bai Chuanfeng hung up the phone with a serious face.

In fact, Watanabe Ichiro didn't say anything on the phone just now, but Shirakawa Kaede couldn't hear the worry underneath his words.

The stock market is actually pretty good, but the most terrifying thing is the real estate industry.

If something changes, the bank's long-term loans that have lasted for decades will be impossible to recover in a short time.

If that were the case, banks would probably be very powerless.

"President Shirakawa?" Arai Yu's call brought Shirakawa Kaede back to his senses.

Seeing the inquiring eyes of the other party, Bai Chuanfeng shook his head.

These matters have nothing to do with Baichuan Holdings, they just need to wait and see what happens.

"Shirakawa-san, Shirakawa Electric's recruitment reception after the new year.?"

"Cancel it"

"Eh?" Hase De was stunned.

"Hasegawa-san will start formulating a new club welfare plan after the year.

The theme is to overcome tough times and tide over difficulties together. The goal is to cut welfare benefits by 60% within 90 years, and gradually reduce them every year in the next three years. "

Not to mention Hasegawa, even Yasuda and Satoru Iwata were dumbfounded by Shirakawa Kaede's speech.

Seeing everyone's puzzled expressions, Bai Chuanfeng simply stood up.

"Everyone, winter is coming, please prepare warm clothes."

After saying that, he left the office without looking back. There were many government officials waiting for him to visit during the New Year.

The meeting fell into silence because of Shirakawa Kaede's departure, but before everyone could say anything, Arai Yu had already stood up and began to take over the chair of the meeting from Shirakawa Kaede.

The content of the meeting is nothing more than that.

Even though there are various overt and covert indications that the neon economy has changed, it would be better for everyone to respond to the government’s call and evacuate from the securities market in a timely manner.

At this point, everyone still doesn’t understand what’s going on?

After all, everyone had already paid attention to Baichuan Holdings' actions over the past six months, but they didn't expect this day to come so quickly.

And when the outside world is all bullish, only Shirakawa Holdings is facing a formidable enemy.

This strong sense of separation made everyone unable to adapt to it for a while.

Especially Hasegawa, he was still thinking about the budget for the reception party for new recruits after the New Year, but he didn't know that it was canceled in the blink of an eye.

If you don't pay attention to "delicious food, fun, and good income" when recruiting new people these days, and if you don't pay tribute to the reception, how can any college students look down on you?

Has the employment environment in Neon deteriorated to this extent?

"Hasegawa-san, just cut the budget that needs to be cut. College students in the future will never have such a good situation again."

Arai Yu's incomprehensible words made the surprised Hase De even more confused.

But this confusion will not last long, because the New Year's holiday is short after all.

On January 4, 1990, major companies in Tokyo began to regain their vitality, and the stock market, which had been closed for three days, opened again at 8 a.m.

As usual, the stock market continued to rise within two minutes of the opening. The frustrated people were already waiting to push the Nikkei Index to 50,000 points.

But the strange thing is that the stock market rose for a short while, then suddenly started to fall, and then started to rise again after falling for a while.

Then throughout the day, the stock market closed with such downs and rises.

This situation did not arouse the vigilance of stock investors because there were too many people speculating in stocks.

Some stocks were just sold in the market, and they were quickly eaten up by the novices.

It doesn't matter even if the closing stock price is a little lower than when it opened in the morning.

The stock market will not fall at all. If everyone works together, 50,000 points will not be a problem.

With such blind confidence, the weekly economic index has been ups and downs for a week.

On January 11, the stock market suddenly surged again and reached its highest peak in several days before the market closed.

The excited people are gearing up and preparing for a big fight tomorrow.