Chapter Seventy-Seven: The Beginning
The Ministry of Finance, the neon government's department in charge of finance, taxation, and finance.
What is the concept?
The Ministry of Finance has nine bureaus, including the Minister's Secretariat, the Comptroller's Office, the Taxation Bureau, the Customs Bureau, the Wealth Management Bureau, the Securities Bureau, the Banking Bureau, the International Finance Bureau, the Mint Bureau, and the Printing Bureau.
It is in charge of the Ministry of Finance, the Ministry of Taxation, the Central Bank and the Securities Regulatory Commission, insurance, and so on!
This is the Ministry of Finance.
As the CEO of the Ministry of Finance, Ichiju Yasano's orders are the holy decree in the market. Once, he made a phone call to make the collapsed neon stock market go up and down.
And this time, Ichiju Yasuno made a very difficult decision.
On the same day, all RB commercial banks received a notification of the resolution from the Ministry of Finance.
The market interest rate has been reduced from 6 percent to 2 percent.
A cumulative drop of four percent.
The decision has left major financial institutions ecstatic.
Since Ichiju Yasuno took office, Neon's major financial institutions and financial markets have been under tremendous pressure, because Ichiju Yasuno announced that he would burst the bubble in the neon economy as soon as he took office, raising interest rates from 1% to 6% in a row.
Capital is profit-seeking.
The 5 percent interest rate hike has caused a lot of hot money in the market to roll into the banks and sleep soundly.
This makes major financial institutions very painful.
The more liquid it is, the more active the market will be. When liquidity decreases, market activity decreases.
When money goes to the bank to sleep, market liquidity will inevitably suffer, and it will immediately affect the direction of the securities market.
It was also this decision that on the first day of Ichiju Yasano's tenure, the neon stock market plummeted by more than 2,000 points.
Under the sharp fall, the quotas of major financial institutions in securities assets have been greatly affected, and even the credibility of banks has been affected. Neon's second-largest local credit union, Chiba Credit Union, announced its collapse, and Pacific Bank ran on eleven other smaller banks at the same time.
And the stock market fell to 20,000 points at one point.
Now, a one-time interest rate cut of 4% will release yen liquidity, and this super good will inevitably ignite the securities market again.
Buy, buy, buy.
As long as there is buying, buying, buying, then everyone can make money.
However, after receiving the second document from the Ministry of Finance, the executives of the major commercial banks could not laugh, but only felt a chill to the bone.
Reduce the current mortgage loan ratio to 75% at one time.
What do you mean?
This can probably be explained by reducing the loan reserve for real estate to 25 percent.
Nitsubishi Bank, Office of the Vice President.
Nakajiro Tomagawa held the document from the Ministry of Finance and was stunned for a long time.
He felt a chill all over his body.
In recent years, Bank of Mitsubishi has invested a lot in real estate, and it is precisely because of its profits in real estate that the profits of the Mitsubishi Group have been able to increase exponentially year after year.
But now......
Reducing loan reserves by 75 percent all at once is no different from canceling mortgages.
The Ministry of Finance is going to give up the real estate industry.
Crisis, terrible crisis made Tomagawa Nakajiro's hands tremble.
One can imagine what kind of reaction housing prices will have once this non-public operation is exposed. In the past, major companies jointly responded that the Ministry of Finance refused to lower interest rates, and now suddenly such a large reduction is ......
Nakajiro Tomagawa already knows why.
It's putting up a buffer zone, and at a time when real estate prices are stagnant, you don't have to think about what the consequences will be if the news of a mortgage reserve reduction gets out.
Residents will give priority to the disposal of real estate in their hands, the performance of real estate companies will fall to the freezing point, and real estate listed companies will face huge sell-offs in the market.
Lowering interest rates to release some liquidity will create a buffer effect.
Just, will this cushioning really work?
Nakajiro Tomagawa didn't know.
All he knew was that the estate couldn't be saved.
Unwillingness, suspicion, fear.
But in the end, Tomagawa Nakajiro could only sigh.
NTT went public two years ago, and it soared by 400,000 yen on the first trading day, and by April 22, it had risen to 3.18 million yen. At that time, everyone thought that NTT was a government that gave benefits to shareholders, but now, it has already broken down.
fell by 40 percent, and those retail investors who subscribed became NTT's pick-up heroes.
"Huh!"
Tomagawa Nakajiro laughed unconsciously and laughed at himself, and he thought silently in his heart.
"Run for your life! Fang Nujun! Run for your life, the receivers of the stock market. ”
Compared with the self-deprecation of Tomikawa Nakajiro, the president of Mitsubishi Bank, Changchun Kamizumaru, is not so thoughtful.
Since the Ministry of Finance has notified the major institutions first, it means that the choice has been made.
For the sake of the big picture.
Of course, fear is also fear, but after the fear, Mizumaru Harugami picked up the phone on the table, and as the adopted son of the Mitsubishi family, he has the responsibility to solve the family's problems first.
"I'm Harumami. ”
"Real estate can't be saved, sell as soon as possible......"
"Hey, hey!"
“......”
After hanging up the phone, Harugami Mizumaru picked up the phone again and gave instructions to all the supervisors of the bank.
"Stop all loans related to real estate. You heard it right, it's everything, everything. Bagaya, don't you understand? It's all the mortgages stopped, do as I say. ”
“......”
There is never a secret secret in the world.
The day after the Ministry of Finance's non-public execution document was released, those who should know about it naturally knew, and of course, everyone knew about the publicly executed document.
Chuo-ku, Tokyo, 36th floor, Hikawa Building.
Shen Jiannan put his legs straight on the desk, shaking the rotating chair under his butt from time to time.
Lowering interest rates to 2 percent is particularly interesting.
At such times Ichiju Yasuno lowered interest rates unless ...... He wanted neon to explode in place.
Certainly not for this reason.
Ichiju Yasuno was hanging around in the Northeast when he was young, this kind of guy is the heart of the empire with a strong heart, so there is only one possibility, he has no choice but to abandon the car and protect the pawn now.
Shen Jiannan couldn't help but raise his eyebrows.
Neon is a complex of contradictions, they are mostly careful, conservative, and cautious, but sometimes they are hysterical and extremely crazy, and once the madness is over, they return to their nature.
As a defeated country, Ichiju Yasuno should have realized something.
Shen Jiannan picked up the cigarette from the table, he took a puff and flipped it up on the table at random.
On the table, it was full of newspapers from major media.
Both neon locals and major media organizations around the world.
Interestingly, many media reprinted Li Daxiao's article, and even the cover was printed intact.
But Shen Jiannan didn't make any arrangements for this matter at all.
"This is really trying to use Lao Tzu as a gun!"
As the initiator of the first planning, Shen Jiannan did not have a little pressure in his heart.
Obviously, this is someone who wants to short Neon and use him as a gun by the way, and if no one behind the media arranges it, it is impossible to reprint Li Daxiao's article.
It certainly won't be the neon man himself, right...... Neon people are also possible.
But what does it matter!
Anyway, it was Li Daxiao who was scolding, presumably he didn't care.
Gently exhaling a puff of smoke, Shen Jiannan glanced at the computer monitor on his desk.
The slightly dim and glaring computer shows a red, red, green, and green candlestick chart.
OSE Nikkei 225.
It can be seen that from February to the present, the Nikkei has been in the range of 26,000 to 27,500 after a rebound.
In this regard, market experts believe that Ichiju Yasano's district leverage plan has stabilized the market, and the neon economy has repaired the previous deviation.
Everyone knows that if the brick family can believe it, there will be ghosts.
Pressing out the cigarette that was still half in his hand, Shen Jiannan picked up the encrypted satellite phone and dialed it out.
"William. It's time to start your show. ”
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Thanks, you go away from me, I don't listen, I don't listen to the 600 coin tip.
Thank you, card big left, with the wind 093 reward.