Reborn Tokyo Golden Age

On Christmas Eve, December 24, Shirakawa Kaede’s special car stopped in front of a quiet villa in Chiyoda District.

This place is actually very close to his home, only about ten minutes' walk.

However, considering that the matter discussed tonight was special, he still got into the car in a low-key manner and traveled in secret.

After the vehicle stopped in front of the villa, as soon as Bai Chuanfeng got out of the car, a man who looked like a butler walked up to him.

"Shirakawa-san, my lord is waiting for you inside."

"Thank you." Bai Chuanfeng nodded and followed him towards the interior of the villa.

Traveling with him today is Yu Arai. Issues in the banking industry must be handled by him, a professional.

After entering the main hall of the villa under the leadership of the housekeeper, Bai Chuanfeng discovered that there were all acquaintances here.

Shoji Okuda, who was the first to persuade the bank, temporarily took over the post after Miyazaki committed suicide.

Kasai of Industrial Bank, Sugi Pu of Nagain Bank, Matsuoka of Bond Bank, Mitsui Nakajima, Mitsubishi Yamamoto, Sumitomo Nishikawa

It can be said that all the top-notch banks in Neon are here.

In addition, the Bank of Japan's Mieye and Keidanren's financial chief Litomura are also on the list.

When these people are gathered together, it can be roughly considered that they can represent the entire banking industry of Neon.

Seeing Shirakawa Kaede and Yu Arai coming in, everyone greeted them politely.

Although Beidu Bank is a rising star, it was only a local bank at first.

But the more they know about the banking industry, the more they know about the background of Beidu Bank.

Even when everyone looked at Shirakawa Kaede and Arai Yu, there was a hint of project in their eyes.

Why? Just because Beidu Bank has very little loan business with land as collateral.

In other words, Beidu Bank has less bad debts and no pressure from bad debts.

In this situation, let alone whether the bank can make money, ensuring your own financial health is the top priority.

After Shirakawa Kaede and Arai Yu sat down on the sofa, everyone's eyes were complicated.

Some were frowning, some were deep in thought, and some simply had nothing to do with themselves, but they were not full of fighting spirit.

Seeing that everyone had arrived, the new cabinet minister Kiichi Miyazawa coughed to attract everyone's attention.

"Okay, now that everyone is here, let's get started."

As he spoke, he gestured to his assistant Nakajima behind him, who handed out the prepared materials one by one.

After receiving the information, Bai Chuanfeng glanced at it briefly, and his expression immediately became much more serious.

"First of all, let me state that today's meeting is top secret and no one is allowed to reveal it!"

Miyazawa Kiichi's admonishing look almost told everyone that if he knowingly committed the crime, he would be punished with treason.

After seeing the information in their hands, everyone nodded solemnly.

There is top-secret data on the neon economy, especially the losses that the financial industry may face after the bubble bursts.

"Everyone, Neon has reached a critical moment of life and death. If the stock market continues to fall, a crisis in the credit system is about to break out.

Once the credit system collapses, everyone must know what kind of situation Neon will face. "

What will happen if the credit system collapses? It will make neon return to before liberation overnight, and it will make the achievements accumulated in the golden development period of twenty years come to naught.

No one can bear this consequence, not even Miyazawa Kiichi, nor everyone here.

“Therefore, after discussing with Mie Nosan, I decided that once the stock price falls below 14,000 yen.

Then take action immediately, urgently close the Tokyo Stock Exchange, and the Bank of Japan begins to provide unlimited special financing. "

This step is a last resort taken by the government just in case.

Although some people were not very supportive of this, they did not speak out against it.

Because the current Nikkei Index has remained at around 15,000 yen, this is considered a blessing among misfortunes.

It has dropped from nearly 40,000 points at the beginning of the year to 15,000 points now. Behind the more than double drop is the huge losses of countless financial institutions.

Seeing that no one opposed the most important and fundamental decision, Miyazawa finally breathed a sigh of relief.

It's really not easy to be the Chief Minister, especially when he encounters such a difficult problem just after taking office.

However, as long as the stock market stabilizes and does not continue to deteriorate, the government will have enough time to deal with those bad debts.

"Hey, you are indeed the pillars of the neon economy. I would like to thank you on behalf of all 100 million citizens."

If the Bank of Japan wants to open the floodgates and release water, it will not be able to accomplish this task without the cooperation of major banks.

And if the floodgates are really opened to release water, everyone will actually suffer some losses.

Therefore, Miyazawa willingly bowed down to express his gratitude to everyone for their cooperation.

The first resolution was a good start, and the second resolution was eagerly proposed by Miyazawa.

"In view of the huge losses suffered by securities institutions in operating special funds, the Ministry of Finance should take the lead in drafting relevant agencies to make corresponding compensation for enterprises that have suffered losses."

As soon as Miyazawa finished speaking, the new Tibetan Prime Minister Hata Tsutomu frowned.

“Sir Prime Minister, according to reports from external media, the losses currently exposed in the securities industry alone are as high as 10 trillion yen.

How to compensate for this 10 trillion loss? How much compensation? Who will provide the funds for compensation? "

The source of the 10 trillion loss mentioned by Hata Tsutomu is the information revealed in the Hayama incident.

And his third question in a row made the expression on Miyazawa's face freeze.

Shirakawa Kaede and Arai Yu looked at each other calmly. It seemed that the Tibetan Prime Minister didn't like Miyazawa Kiichi's fault.

Although it was not a soft or hard blow, Miyazawa had served as Minister of Finance and was very familiar with the situation in the securities industry.

Therefore, he thought for a while and then said, "Based on the loss data reported by major securities institutions before March this year.

Anything not listed here is a ‘skip operation’ and is the responsibility of the securities institution itself. "

When the stock market plummeted for the first time at the beginning of the year, the Ministry of Finance explicitly banned the operation of special funds.

In addition, previous losses caused by business special payments should also be reported to the Ministry of Finance in a timely manner.

It's just that many securities institutions value its high returns and have never stopped, and even deliberately concealed losses.

This hidden loss is a "skip operation". A typical example is Yamaichi Securities' 260 billion yen loss.

To put it bluntly, you hid it before, but now I don’t recognize it, and you won’t be able to compensate for it.

If that was the case, Haneda thought about it briefly and nodded in agreement.

According to the information he knew, there were very few securities institutions that actually reported losses to the Ministry of Finance, and the total amount was only about 100 billion yen.

With the securities company paying the bulk and the Ministry of Finance providing some support, it is not difficult to reach 100 billion yen.

However, after their discussion, Xingye's Hexi was a little unhappy. After all, Shanyi Securities was working with Xingye.

But who’s to blame? The person who violated the rules was Shan Yi himself.

Therefore, Miyazawa and the Ministry of Finance directly ignored Xingye's expression and continued to enter the last resolution of the meeting.

"Finally, what is your opinion on the resolution to establish a special agency to acquire real estate developers guaranteed by financial institutions?"

Hearing this question, Shirakawa Kaede and Arai Yu were shocked and came.

The first two questions have nothing to do with them because Beidu Bank has perfectly avoided the minefield.

But the last one is related to their vital interests.

"I would like to ask Miyazawa-san, who is leading this organization? How much is the investment? Where does the funds come from? Does the real estate developer acquired have a specific evaluation basis?"

Another series of rhetorical questions, but this time the question was asked by Nakajima of Mitsui Bank.

As if he had expected that someone would ask this question, Miyazawa Kiichi answered calmly.

“The institution is under the leadership of the Ministry of Finance and is jointly supervised by everyone.

The initial estimated investment is 50 trillion yen, of which the Ministry of Finance is responsible for 10 trillion yen, and the rest will be jointly borne by everyone.

As for the acquisition standards of real estate developers, they will be discussed and reviewed by major banks. "

After Miyazawa Kiichi finished speaking, the hall suddenly fell into a strange calm.

The expressions on many people's faces were incredulous.

"Miyazawa-san, are you sure that this money will be shared among the major banks?" Yamamoto of Mitsubishi Bank wondered if he heard correctly.

"This is the best measure to solve the current real estate crisis. If we don't want the real estate industry to collapse, we must act as soon as possible."

"But the real estate industry is far from being in crisis now. Although housing prices have fallen, they are still at a high level compared to before."

Sumitomo Bank's Nishikawa couldn't help but retort.

Are you kidding me? Let the banks spend money to cover the real estate developers?

The first to object were the three chaebol banks. The 40 trillion yuan was divided equally, and each bank had two to three trillion yuan.

Equivalent to more than 20 billion US dollars! Lord Shou Xiang, do you really know what you are talking about?

“Everyone, by sharing risks for real estate developers, you are eliminating hidden dangers for banks.

Don’t forget, the real estate developers have mortgaged the land to you.

When land prices plummet, banks must be the last to suffer losses.

Besides, the Ministry of Finance’s economic rescue is not only for real estate developers, but will also follow up with corresponding measures for banks. "

Miyazawa Kiichi stated the pros and cons, and he deeply felt that this crisis was not just a stock market crisis.

At the same time, it is also a crisis for the entire neon financial market, as well as a crisis for the "land myth" and the "bank failure myth."

However, in the face of his impassioned speech, Tibetan Prime Minister Haneda responded with a moderate response.

"If you speak inappropriately, you're going to get us into trouble."

The Ministry of Finance has never said that it will spend these 10 trillion yen. Do you still think that the money is not valuable now that we are in the Plaza Accord?

Haneda's words deeply hurt Miyazawa, who was the dignified chief minister of the cabinet.

"I also feel that the bank's business has not deteriorated to this extent." Mitsui Bank's Nakajima continued to make additional cuts.

Miyazawa's face froze, and he looked at banks with state-owned assets background, such as Industrial Bank and First Financial Bank.

Kawamura and Okuda both lowered their heads in silence, obviously they didn't agree with this either.

With his last hope, Miyazawa turned his attention to Bai Chuanfeng again.

More than 20 billion US dollars, Beidu Bank has this money.

But Shirakawa Kaede glanced at the eyes all over the room staring at him, and showed an apologetic look to Miyazawa.

"The number of loans Beidu Bank cooperates with real estate developers is very small, and our business focus is not on land."

Miyazawa's face turned visibly gray, "That's all, that's it. Let's implement the first and second agreements first."

After speaking, Miyazawa Kiichi waved his hand to signal the end of the meeting. Everyone looked at each other and silently stood up and left the hall.

"Shirakawa~"

The moment Bai Chuanfeng stood up, Miyazawa suddenly stopped him.

"Beidu Bank did the right thing. The land has exceeded its value."

"Miyazawa-san, just now."

Miyazawa Kiichi raised his hand to indicate that he didn't mind, "It's not your fault. After all, Beidu Bank is innocent."

After saying that, he stood up and slowly walked to the backyard with his hands behind his back.

For some reason, Bai Chuanfeng always felt that his back was a little more hunched.

"Let's go too." Shirakawa Kaede brought Arai Yu to the gate.

Several people who are familiar with the bank here are chatting and laughing.

"Shirakawa-san, do you want to go have a drink with us?" Okuda, the first persuader, invited him warmly.

"Okay" Bai Chuanfeng responded to them with a smile as usual.

"Yoshi, go to Roppongi and you won't come back until you're drunk!"

"Haha, okay!" Kawamura from Industrial Bank responded loudly.

Seeing everyone's happy expressions, Bai Chuanfeng looked at the starry night sky and sighed longly.

Japan is finished~

Just now, the last chance to save Japan from the bubble was ruined by himself and the people around him.

Next, the golden age will be gone forever, and the lost ten, twenty, and thirty years are waving not far away.