Reborn Financial Overlord

Although the Bank of Japan immediately explained that the establishment of TKB was based on citing Article 20 of the Banking Law, no one expected that the citing of Article 20 of the Banking Law this time would plunge the economy into a terrible vicious circle.

The problem with the performance of the Japanese economy is that when the interest rate has been adjusted from 2% to 3.25% for many years, and then raised to 4.25%, people suddenly feel confused and uneasy about the prospects of the Japanese economy.

One stone caused a thousand waves, people sold stocks frantically, the stock market plummeted, and the decline in the stock market caused a serious shrinkage in the market value of the bond and real estate markets.

Therefore, banks have become the ultimate creditors of these enterprises.

As creditors, in order to control risks, banks strongly require debtor companies and individual speculators to increase margins or pay off loans.

Debtors can only mortgage stocks and real estate to the bank as collateral to sell debts. However, due to increased sales, the securities assets, real estate assets or corporate assets of the collateral will depreciate sharply again, resulting in countless difficulties. Smooth out bad debts.

Therefore, following the outbreak of the Tokyo Concorde and Ping An Credit Financial Credit Cooperatives, more than 30 small and medium-sized banks have been implicated by each other and have also fallen into financial difficulties.

Osaka Prefecture Daiichi Industry Co., Ltd.

Shen Jiannan raised his eyebrows holding the bond information about First Quanye Bank.

The Daiichi Kogyo Bank is the largest commercial bank in Japan, formed in October 1971 by the merger of the First Bank and the Kogyo Bank of Japan.

The First Bank was established in 1873 according to the "National Bank Regulations", and its main business is to issue banknotes and manage government funds. In 1896, it was renamed the First Bank Co., Ltd. and became an ordinary commercial bank.During World War I and the financial crisis in 1927, it annexed many small and medium-sized banks and became one of the nine major city banks in Japan.

In 1943, it merged with Mitsui Bank, renamed "Imperial Bank", and separated in 1948.

Quanye Bank, established in 1897, is a semi-official bank that provides long-term low-interest loans to agriculture and industry and is strictly controlled by the Japanese government.

After the merger, Daiichi Quanye Bank was immediately promoted to the largest commercial bank in Japan, and was semi-supervised and controlled by the Ministry of Finance.

Now, First Quanye Bank and other small and medium-sized banks are also in trouble. This trouble is due to the chain reaction caused by the previous US$100 billion to Sumitomo Metal.

As Sumitomo Metal continued to lose money in the London market, the money it owed could not be exchanged for a while. In addition, the central bank has become more and more strict on financial monitoring, and money has been shrinking. The debt problem that First Quanye could have covered up has also been shared. to the face.

Liabilities of 8000 trillion and [-] billion, net assets of [-] trillion.

In other words, First Quanye Bank is about to go bankrupt.

Of course, not many people know about this at present. Except for the Ministry of Finance, First Quanye and some financial groups, the outside world does not know about the crisis that First Quanye Bank has encountered.

It is conceivable that once a bank of this level goes bankrupt, the shock will be no less than a tsunami, landslides and ground cracks, and it can completely destroy Japan's financial system.

What concept?

Assuming that Bank of America goes bankrupt, what is the concept?

However, Shen Jiannan was not interested in the troubles that the bankruptcy of the First Quanye Bank would bring to Japan. When targeting Sumitomo, he knew that the First Quanye Bank would definitely be dragged into trouble.

The question is, how much is the value of First Quanye Bank now.

And this value is reflected in how many creditors First Quanye is.

Wako Precision, 70.00% two shares, 300 billion yen.

Osaka Electric, 60.00% eight shares, 100 billion yen.

Kawasaki Heavy Industries, 18.00% shares, 600 billion yen.

Matsushita Electric, 20.00% of a share, 720 billion yen.

Toshiba Electronics, 50.00% six shares, 300 billion yen...

After looking at the creditor's rights owned by First Quanye Bank, Shen Jiannan just wanted to say good guy.

This is some information obtained by Kevin Mitnick from hacking into the First Quanye Bank. The status of the company will definitely be the ultimate creditor of many companies.

But he did not expect that Daiichi Quanye Bank is actually a creditor of so many large Japanese pillar companies. Once Daiichi Quanye Bank goes bankrupt, it means that the entire Japanese economy will be destroyed in half.

This means that First Quanye Bank will never go bankrupt.

"No wonder Sumitomo is so anxious to cooperate with me. I'm afraid these guys are paying the same attention."

Looking at the information, Shen Jiannan muttered in his heart.

Wako Precision is not a listed company, but it has always been in a leading position in Japan's precision technology field, which means that Wako Precision's technology is first-class in the world.

Just look at the partners of this company, Kawasaki, Sony, Toyota, Kawasaki.

All are world-class companies.

As for Kawasaki Heavy Industries, it is even more eye-catching.

Before World War II, this company was the base of Japanese military industry, and received the most advanced technical support from Germany at that time. At its peak, it was even better than the United States.The Soviet Union is strong.

If you can win this kind of company, you will really get rich.

However, it is definitely impossible.

Kawasaki is to Japan what GM is to the United States.

Money can buy a hundred apples, but a hundred apples can't buy this kind of company.

This is the foundation of the country, and no one will sell it for money.

But these creditor companies are still very valuable. Some electrical companies and electronic companies are things that money can hardly buy.

After studying the information at hand, Shen Jiannan walked to the window curtain wall and looked at the sea in the distance.

Before, he didn't understand why Sumitomo refused to eat such a large piece of meat from the First Quanye Bank, and instead asked him to cooperate.

It is a bit reluctant to say that I want to use my own hands to gain a firm foundation in China.

But at this moment, he didn't understand anything.

Later, Mitsui Bank and Sumitomo Bank merged into Sumitomo Mitsui Bank, and the reason for the merger was that the two banks were about to go bankrupt.

In other words, Sumitomo was fooled by himself this time, and he was unable to eat the first Quanye, and the Bank of Japan, facing the rotting roofs of the whole country, was powerless to rescue the first Quanye.

Under such circumstances, it is much better to cooperate with someone with a Chinese background than to cooperate with American capital.

at this time.

Bank of Japan.

Since more than 30 small and medium-sized banks went bankrupt in a row, Yasuno Mie had to hold an emergency meeting in person to discuss how to get through this crisis.

In addition to the senior officials of the central bank, officials from the Ministry of Finance of the Ministry of Finance, as well as the presidents of Mitsubishi, Mitsui, Sumitomo, Furong, Sanwa and Daiichi Bank were present.

Both surprising and reasonable.

Because in some respects, the six consortiums themselves are the embodiment of the will of the government.

Nanzhi Miyamoto, president of Quanyin Bank, explained the current situation of the First Quanye Bank. On the surface, the biggest problem of Quanye Bank at present is financial problems and lack of liquidity. If there is enough capital injection, it will be revived. Firstly, the problems Quanye has to face are not very big problems.

However, because the central bank has invested too much support in the 36 small and medium-sized banks that have failed recently, it is somewhat powerless. This meeting is to hope that several other banks can take action to help First Quanye Bank to tide over the difficulties.

Some aspects of the Japanese consortium are indeed admirable when dealing with the crisis.

People from the major consortiums present all came up with ways to help First Quanye Bank find a way, and were willing to contribute money to help First Quanye Bank get through the crisis.

But Mie Yasuno only frowned when he heard the amount of investment.

Mitsubishi invested 800 billion yen, and several other companies contributed a total of 1000 billion to [-] billion yen. This money is simply a drop in the bucket for saving the First Quanye Bank.

Seeing Yasuno Mie frowning, the people from the five major consortiums looked at each other with eyes and noses, and couldn't tell the pain in their hearts.

It's not that they don't want to help First Quanye Bank, but that several construction companies have invested a large proportion in the real estate market, and now they can't get it out at all. If they forcefully help First Quanye Bank, I'm afraid they will soon be banned dragged into the abyss.

Therefore, in the past year or so, each company has increased overseas investment in order to avoid getting deeper and deeper in domestic real estate.

There are only a few people who have grasped the truth. At this time, there is no need to hide it. Mie Yasuno frowned and said: "2000 billion yen is just a drop in the bucket for the persuasion bank. It is clear what consequences will be brought to the financial system if the persuasion bank falls, and I hope you can think of other ways."

Chapter 34 Acquisition of First Quanye Bank

There are only a few people who have grasped the truth. At this time, there is no need to hide it. Mie Yasuno frowned and said: "2000 billion yen is just a drop in the bucket for the persuasion bank. It is clear what consequences will be brought to the financial system if the persuasion bank falls, and I hope you can think of other ways."

Hearing this, Yamadajiri Maru understood with all his heart, hesitated and said: "It's not that we don't want to contribute, but the problem is that the current problem of Quanyin is not just a financial problem. The current bad debt rate of Quanyin in real estate is at It continues to rise, and no one knows how much money is needed to fill it. Moreover, the venture capital department of the Bank of China still has a large position in the London Stock Exchange that continues to lose money.

Konosuke Kishimizu took over the words and said, "Yamada-kun, what do you mean, just let the bank go bankrupt? There is an ancient Chinese poem that I believe you have heard. Cooking beans burns Osmunda, and the beans weep in the cauldron. They grow from the same root. Why is it too urgent? Yamada-kun, have you ever thought about the fact that Yuyin is bankrupt today and no one is willing to help, and in time, Sumitomo will also encounter the same predicament, should we also give up?"

Konosuke Kishimizu is the president of Quanyin, so naturally he doesn't want Quanyin to be liquidated for bankruptcy.

Of course, what he said was actually very reasonable.

At the point where the five major consortiums have cooperated a lot with each other, they are all closely related, and the financial market has a strong transmission mechanism. Once the bank is bankrupt and liquidated, it will inevitably cause a full-scale panic in the financial market.

Confidence is something more important than gold.

This rule applies to war, and it applies to finance as well.

Once the persuading bank goes bankrupt, with the status of persuading the bank, more than 1 million people in Japan will all lose trust in the state-owned banks.

Which bank can withstand a run?

If this happened, Sumitomo would be equally doomed.

It's just that Konosuke Kishimizu didn't know that Yamadajirimaru's second-class words were his words.

"Mr. Kishishui, you have misunderstood. Persuading banks to get out of the financial crisis as soon as possible is the sole purpose of our discussion. What I mean is that besides persuading banks, there are other local banks whose capital chains are also broken. The situation is worse than persuading banks. Silver is even worse, and Sumitomo’s current situation is not very good. In this case, why don’t we try to seek help from foreign capital.”

Hearing this, the people present looked subtle.

Some frown, some are thoughtful, and some are full of anger.

Japanese companies have an unwritten unspoken rule.

Things related to the fundamentals of the country must not be controlled by foreigners, whether it is technology or finance.

This point is the experience learned from Tang people since the Tang Dynasty.

During the Tang Dynasty, Japan sent envoys to the Tang Dynasty to learn metallurgy and weaving techniques. Now, the world knows Japanese swords, and how many people still know Tang swords.

Or tea ceremony, medicine, martial arts.

Every skill is the painstaking effort of countless generations. If someone buys it with money, the loss is not just money.

As a human being, one cannot be too short-sighted.

Consortia, families and countries should not be too short-sighted.

If you sell things that are related to the country for the sake of temporary benefits or temporary difficulties, it is tantamount to leading wolves into the house.

The huge conference room was silent for a moment.

Guam Nagakawa is the spokesperson of the right wing in the central bank. Hearing what Yamadajiri Maruji said, seeing that no one was speaking, he said coldly, "Yamada-kun, do you know what you are talking about?"

The former Sumitomo was also right-wing, but as the military forces dissipated and hid, today's Sumitomo does not have too obvious political awareness. What's more, for Sumitomo, this time is also a rare opportunity.

Hearing Guam Nagakawa's stern questioning, Yamadajiri Maruji also said coldly: "Guam-sama, please pay attention to your words. We are here to discuss and solve the problem, not to listen to your orders. If you have better I will definitely support any method, but I think you also know what kind of trouble Quanyin will bring if it goes bankrupt."

The long river of Guam is blocked.

As many local banks are facing a crisis of bankruptcy, and even many small and medium-sized brokerages are also about to go bankrupt.

The Ministry of Finance and the central bank can't afford much money to turn around now, so they invited the five major consortiums, hoping that they can make a move.

Knowing that he had nothing to do, Guam Changhe snorted coldly and said, "Mr. Yamada, I know what you mean, but before this, there has never been a precedent for a bank to be sold to foreign capital."

Yamadajiri Maruji secretly cursed an idiot.

In the final analysis, the current problems in the financial system all come from a strong bursting point of the interest rate policy.

And this bursting point was triggered by the drastic reform of the central bank and the tough interest rate hike policy after Yasuno Mie took over to pierce the bubble.

Although the purpose is to make way for the US dollar, the executor is Mie Yasuno, who is also the Ministry of Finance.

Guam Nagakawa said that there was no such precedent before this, which is tantamount to scolding Mie Yasuno for being stupid for causing today's results, and it is also tantamount to scolding the Ministry of Finance for its strategic mistakes caused by blind command of finance.

Scolding the boss like this, spreading the contradiction between the central bank and the Ministry of Finance to the surface and confronting each other directly, is not an idiot.

All of you here are the real top elites in Japan, almost all from major families, and no one is a fool. Hearing what Guam Nagawa said, they immediately looked at Mie Yasuno, wanting to see the most powerful representative of the Ministry of Finance What's the reaction.

As a result, there was naturally no response.

From before the war to the present, Mie Yasuno has been baptized in blood and fire, seen life and death, and seen nuclear bombs, and nothing can make him angry anymore.

What is right and what is wrong.

In different positions, what you see is different.

He naturally knows that the central bank and the public are very dissatisfied with what he has done.

Dissatisfied with the bursting of the economic bubble, dissatisfied with the shrinking of money, dissatisfied with the weakening of control over other banks, and dissatisfied with the failure to rescue some banks when they went bankrupt.

But Japan's destiny is not in Japan. If this country wants to go further, it needs to cling to a stronger country and find its way in it.

Lost the capital of the world's enemy, this is the only weight of survival.