Japan's stock market plummeted, and many astute investors took the lead in fleeing and turned to the safer bond market with relatively stable returns to avoid risk, coupled with Tang Bao's frantic sweep of various medium and long-term treasury bonds in the market, resulting in a sharp decline in the amount of bonds circulating in the market, soaring prices, and the yields of various bonds continued to fall for a while. In the case of 10-year Japanese government bonds, the yield has fallen to 1.8% since the beginning of the year and is still falling.

on this.

Tang Bao did not hesitate, still frantically bought Japanese government bonds, he knows very well that in the next five years, the yen will still appreciate sharply, so not to mention the yield of yen government bonds is low, even if the yield falls to negative value, the losses can be made up from the gains of the yen appreciation, and the purchase of these yen government bonds is definitely a sure investment. In fact, in recent years, Japanese government bonds have been very popular with investors due to the strong expectation of a stronger yen.

As the sun sets, the neon lights shine and the skyscrapers glow brightly. As if the collapse of the Japanese stock market did not have any effect on this cosmopolitan metropolis!

The vast majority of investors in Japan have invested their wealth in the stock market and real estate, and when the stock market crashes, the unusually hot real estate market can make up for the losses in the stock market. What's more, until now, most Japanese investors do not believe that the stock market crash in Japan is only temporary, and it is the result of wanton shorting by international speculators.

Therefore, the collapse of the Japanese stock market did not deal a fatal blow to Japan's real economy in the short term. In fact, Japan's economy is still overheated, with the core CPI index rising month after month, rising to 3.87%, and the pressure on inflation in the economy is very high, and the Bank of Japan is also considering alleviating inflationary pressures by continuing to raise interest rates.

……

On the bustling street, Tang Bao and Kate walked side by side, and Ray and Natalia followed closely behind. And pay attention to the movement around me from time to time. Mark and Theresa, who followed all the way, saw that Tang Baowo had not moved abnormally in the hotel for a long time, and evacuated after consulting their superiors.

"Hmm. Very good! Continue to help me buy Japanese yen government bonds, and the price is slightly higher than the market price...... "Kate said into the phone.

After about a few minutes, the call ended. Kate turned to Tang Bao's side and reported with a smile: "Boss, the investment manager of Mitsubishi Bank informed us that he bought another 300 billion yen of five-year treasury bonds for us. Although they say they bought it from the market, it is rumored that Mitsubishi Bank has been selling bonds in large numbers through various channels to raise funds. I am afraid that these 300 billion yen government bonds were not purchased, but bonds that they quietly sold themselves, and it seems that they have suffered extremely heavy losses in this round of stock market crash! ”

"Oh, not only the Bank of Mitsubishi, but also the Bank of Japan, brokerages and insurance companies, I'm afraid that few of them can stay out of this stock market crash. I think it won't be long before there will be a wave of bankruptcies in Japan's banking, securities and insurance industries. Tang Bao said with a smile. He is well aware that Japanese banks and insurance companies are not only deeply involved in futures speculation, but have also signed incalculable VAM agreements with European and American investment banks such as Goldman Sachs, Morgan Stanley, and Salomon Brothers. These VAM agreements are all much the same, nothing more than that the Nikkei rises, they make money, and the Nikkei falls. then lose money. This time, the Japanese stock market directly collapsed, and they had to lose until they vomited blood. There will certainly be many Japanese banks and insurance companies that will fall as a result of this shocking gamble......

And the Japanese stock market has plummeted, and those securities companies will inevitably be affected as well. In his memory, Japan's stock market crash caused more than 190 large-scale securities companies across the country to be spared. All of them are losing money.

"Bankruptcy tide? Uh, boss, it seems that the Kirin Investment Bank, which you have a stake, also has a stockbroking business......" Kate couldn't help but remind. Kirin Investment Bank sends its annual financial statements to Tang Bao on time every year. Kate, as a personal assistant, will also handle this kind of financial report, so it is clear that Tang Bao has this asset.

"Heh, I'm afraid that I can't escape the loss. However, I wish Kirin Investment Bank was directly in bankruptcy! Tang Bao smiled lightly.

Kirin Investment Bank was jointly established by Tang Bao, Mitsubishi Bank and Mitsui Bank, and he occupies 50% of the equity, but to develop investment banking business in Japan, it must rely on Mitsubishi and Mitsui, so the management right is also firmly controlled by the two homeopaths, and Tang Bao, the major shareholder, can only send financial personnel to supervise in the end, but has no right to interfere in the operation. Although Tang Bao has never expressed dissatisfaction with this, it is inevitable that he will be unhappy in his heart. In the past, the Japanese stock market was hot and the company's profits were strong, and he had no reason to force up trouble, but now that the stock market has crashed and the company has incurred huge losses, it has given him an excuse to change management and fight for control.

"Huh?"

Kate was stunned by Tang Bao's words. And Ray and Natalia fully show what a qualified bodyguard should do, except for security matters, Tang Bao and Kate talk about business matters, they will be silent.

Tang Bao smiled and explained: "There is nothing surprising about this, if there is no problem with the Kirin Investment Bank, it will be difficult for me to find an excuse to meddle in the company's operation." I painstakingly laid this chess piece in Japan, but it was not left to Mitsubishi and Mitsui to knead at will. ”

"Well, it's hard to come out and see the night view of Tokyo, so let's enjoy and relax." Tang Bao probably felt that it was too disappointing to discuss business intrigue with a beautiful woman in this beautiful night view, so he did not continue to talk about Kirin Investment Bank.

“……”

Looking at Tang Bao's figure gradually walking away, Kate hurriedly quickened her pace to catch up, since Tang Bao didn't plan to explain how to fight for the right to operate Kirin Investment Bank, she didn't continue to ask.

……

As time passed, the expected rally in the stock market did not materialize, but continued the downward trend.

The futures market is also very active, especially those who are short Nikkei futures financial predators have reaped amazing benefits, and they have turned to Nikkei futures in the next quarter, constantly increasing their short positions. The forces led by Japan's six major consortia are not willing to fail, and the new round is just beginning, and the long and short sides are convenient to start a fierce battle.

Many investors who are optimistic about the Japanese stock market are becoming more and more depressed.

Then.

After several media briefings, Bank of Japan Governor Mie Noyasu finally could not sit idly by and watch the domestic economic inflationary pressure, and suddenly announced a rate hike in the stock market, directly raising it from 4.25% to 5.25%, a sharp increase of 100 basis points in one go. and strictly control real estate financial loans. When the news came, the Nikkei plummeted by more than 830 points, and by the time it closed, the Nikkei had fallen to 28,390 points!

The Nikkei futures market, which was in full swing, was also out of balance in an instant, with the Nikkei price falling continuously and the bulls retreating.

From the first day of the Japanese stock market crash, the mainstream media, led by the Nihon Keizai Shimbun and the Asahi Shimbun, pointed the finger at Nikkei futures and condemned Nikkei futures as the main culprit in the stock market crash. As the stock market continues to fall, this voice is getting louder. The stock market and futures market caused by interest rate hikes plummeted at the same time, which suddenly pushed this long-standing voice to the peak, and quickly developed into the "stock index futures guilt theory"!

The media and economists have made strong accusations and quickly listed countless charges for "Nikkei futures".

First of all, he criticized the Nikkei index futures market for its large size and overactive trading, which had a bad impact on the stock market, and the funds that should have stayed in the stock market were diverted into the index futures market, causing the stock price to plummet.

Second, it is believed that Nikkei futures have led to a sharp decline in the stock market, accusing a large number of sell orders for a significant impact on the stock market and accelerating the stock market crash.

Third, it accuses domestic and foreign institutions and countless international speculators of holding a large number of short positions in the futures market, and constantly attacking the stock market in an attempt to re-index the market to obtain windfall profits.

Fourth, the attack on the Nikkei 225 index is unreasonable, because the Nikkei index adopts the price average weighting method, resulting in a higher weight of stocks with small market capitalization and high price-to-earnings ratios, and when the stock market crashes, such constituents fall even more, directly amplifying the decline of the Nikkei. In addition, some index constituents have a limited number of outstanding shares, making them more vulnerable to exploitation by market manipulators.

……

For a time, Nikkei futures were pushed to the forefront, and some radical media even called for legislation to abolish Nikkei futures.

Looking at the farce staged by the domestic media in Japan, Tang Bao just laughed and passed, abolishing Nikkei futures, does Japan dare to do this? Previously, their securities law prohibited stock index futures, but with the introduction of Nikkei futures on the Singapore Financial Futures Exchange, in order to compete for the pricing power of Nikkei futures, the law was amended and the Nikkei futures in their country were hastily introduced. It's hard to regain some pricing power, and how can you be willing to give up.

But.

The recent trend of public opinion is clearly unfavorable to Nikkei futures, and even those investors who short Nikkei futures have been blamed and criticized. Therefore, the Nikkei futures market, which was originally fiercely fighting, has a tendency to ease, and the trading activity has decreased significantly.

The financial predators who shorted Nikkei futures are also temporarily lurking to observe the development of the situation.

"Being so exaggerated by the media, Nikkei futures are simply said to be the devil. In the past few days, the Nikkei futures market has cooled down quickly...... "After a few days of relaxation, Legge and others returned to their posts, originally planning to continue to short Nikkei futures, but this unexpected storm disrupted the plan. "Whew...... Boss, the media is so fierce, and so many people follow the response, will the Japanese government abolish Nikkei futures? ”

"Abolition should not be possible, but it is highly likely that more stringent restrictions and regulatory measures will be introduced. Perhaps, this time Japan's money collection operation will end early! Tang Bao said slowly. (To be continued......)