Japan's troubles are indeed so great that the Japanese government cannot hold back and can only endure the pain to burst the bubble.

While puncturing the bubble may be accompanied by labor pains, if it is not done, the whole country risks collapsing.

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 dramatically, and the export trade industry is even lagging behind in terms of average data.

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

However, these inputs have not received any meaningful positive feedback in the face of declining trade volumes.

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

However, the prosperity is better than the neon of the day, where is its wealth?

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

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

At that time, the country will not be a country, and the people will be attached?

It is precisely because the neon government sees through the connection behind this that the surging sense of powerlessness also stimulates the government to do something quickly.

As a result, two interest rate hikes have become an initial temptation, and the effect is not good, and Mie Yeyasu is in charge.

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

Before the implementation of a new round of interest rate hikes, the Ministry of Finance even warned the Japanese public, reminding everyone of the risk of a "securities crisis" and allowing the people to avoid it.

In fact, this is the last warning that the neon government will burst the bubble, and it is also the last chance for the people to escape.

However, with the exception of a very few people, most people are still drunk and dreaming of death.

At the end of December, the Bank of Japan raised interest rates, from 3.75% to 4.25%, while the discount rate increased from 1% to 6%.

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

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

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

This move by the Bank of Japan is to restrict capital investment in the stock market and property market in both directions.

Coincidentally, this point in time happened to be stuck on the last day of 89 years, and the next day was the New Year, when most companies were already on holiday.

This of course also includes the Topix Stock Exchange, which is closed from January 1 to 3 of the new year.

Therefore, on this special Chinese New Year's Eve, the third round of interest rate hikes by the Bank of Japan seems to be calm on the surface, and there is no discussion among the people.

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

"Have all our funds been withdrawn?"

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

At the time when the family should be reunited to celebrate the New Year, Shirakawa Kaede and Arai Yu still sat in the office of Shirakawa Holdings Building with serious expressions.

The neon stock market and foreign exchange market were hot before, and Shirakawa Holdings naturally did not miss the reason.

Otherwise, where will the super high employee benefits within the group be funded, and Shirakawa Kaede can't be allowed to post the money himself, right?

Therefore, Shirakawa Holdings is also doing financial investment.

However, since half a year ago, the stocks and foreign exchange that have been bought have been slowly sold.

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

Shirakawa Kaede, who received an affirmative answer, also breathed a sigh of relief, December 31st, the Ministry of Finance is really going to pick a day.

"Mitsui and Mitsubishi, according to rumors, are also interested in selling the shares they acquired before."

At this moment, Arai Yu told Shirakawa Kaede again, an unexpected news.

"Huh?" Shirakawa Kaede raised his eyebrows, "When did they start moving?" ”

"In just these two days, but because of the New Year's market closure, there are very few stocks sold."

It seems that they are also cautious about the BOJ's interest rate hike, after all, the series of measures seems to be deliberately suppressing the expansion of the stock market.

They don't know if they have any inside information, but that Mie Noyasu is moving too fast.

Less than a month after taking office, this dose of fierce medicine came, and he deliberately picked the end of the month and the eve of the New Year, which was deliberately not to give the market time to react violently.

Or is this time left alone to give certain groups time to discuss and make decisions?

"Jingle bell~" Just as Shirakawa Kaede was in reverie, the phone on the table suddenly rang.

"Moxie Moxi?"

"Shirakawa-san, I'm Watanabe."

"It turned out to be Watanabe-san, you called on the first day of the new year, it wasn't just for New Year's greetings, right?"

"Haha, Shirakawa-san is still so humorous, he knows that he can't hide anything from you."

Shirakawa Kaede took the phone and responded twice with a smile, with his relationship with Ichiro Watanabe, how can he call to greet the New Year.

Generally, a few friends in the industry gather alone for a day after the New Year, and many things are inconvenient to talk about on the phone.

Now that the topic is here, Ichiro Watanabe is no longer polite.

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

Shirakawa Kaede naturally responded, "Let me guess too, Watanabe-san should also be holding a meeting in the First Persuasion Bank Headquarters Building, right?" ”

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

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

"Be careful, that's right."

"The financial markets are the most unpredictable.

I've just contacted JPMorgan Chase and ABN AMRO, but they haven't said anything about it. ”

Shirakawa Kaede's face was vain serious, in the past, the neon government tightened its policies a little, and these foreign representatives shouted that neon interfered in the market.

As a result, the other party was silent about the actions of the Bank of Japan this time.

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

Unlike neon capital, overseas capital only pursues short-term gains, so the stock market has become the best place to go.

In an industry such as real estate, which pursues long-term returns and is closely related to local policies, overseas capital is not very involved.

Now, for example, with a little bit of turmoil, foreign capital can be withdrawn at any time without any other restrictions.

Sighing slightly, Shirakawa Kaede knew that it was time to come after all.

"Thank you Watanabe-san for telling me that Shirakawa Holdings has always been cautious, so I can deal with it."

"Daiichi Bank's investment in the securities market is also quite controllable, but the real estate market" Ichiro Watanabe, who was halfway through his words, suddenly stopped again.

It's too early to say this, and it's just speculation in your own mind, so it's better not to assert it early.

The two sides exchanged a few words on the phone, and Shirakawa Kaede hung up the phone with a serious face.

Ichiro Watanabe actually didn't say anything on the phone just now, but the worry outside the words, how Shirakawa Kaede couldn't hear it.

In fact, the stock market is good to say, and the most terrifying thing is the real estate industry.

If there is a change, it is impossible for the bank to recover the long-term loan of several decades in a short period of time.

If that's the case. I guess the banks will be very weak.

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

Seeing the other party's inquiring eyes, Shirakawa Kaede shook his head.

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

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

"Let's cancel"

"Huh?" Haseide was directly stunned.

Hasegawa-san began to formulate a new club welfare plan after the year.

The theme is to overcome the difficulties together, and the goal is to cut the welfare benefits by 60% within 90 years, and then reduce them in each of the next three years. ”

Shirakawa Kaede's speech, not to mention Hasegawa, even Yasuda and Iwata Satoshi were dumbfounded.

Seeing everyone's puzzled expressions, Shirakawa Kaede simply "brushed" and stood up.

"Ladies and gentlemen, winter is coming, please prepare warm clothes."

After saying that, he left the office without looking back, and there were still many government officials waiting for him to visit in the New Year.

The meeting fell silent because of Shirakawa Kaede's departure, but before everyone could speak, Arai Yu had already stood up and began to replace Shirakawa Kaede in chairing the meeting.

The content of the meeting, nothing else.

It is all kinds of overt and covert expressions that the neon economy has changed, and everyone still responds to the government's call to withdraw from the securities market in a timely manner.

Having said that, how can everyone still understand what's going on?

After all, everyone has been paying attention to Baichuan Holdings' actions for most of the past six months, but they didn't expect this day to come so quickly.

And when the outside world is bullish, only Shirakawa Holdings is like a big enemy here.

This strong sense of separation made everyone a little uncomfortable for a while.

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

This year, recruiting newcomers does not put "delicious, fun, and easy to collect", this reception of samadhi is tribute, how can there be a college student bird you?

Could it be that Neon's employment environment has deteriorated to this extent?

"Hasegawa-san, let's cut the budget directly, and college students won't have such a good situation in the future."

Arai Yu's inexplicable words made the surprised Hasei even more confused.

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

On January 4, '90, Tokyo's major companies 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 all the way within two minutes of opening, and the suffocated people had been waiting for the Nikkei to push up to 50,000 points.

However, the strange thing is that the stock market rose for a small half a day, and suddenly began to fall, and after falling for a while, it began to rise again.

Then throughout the day, the stock market closed in such ups and downs.

Such a situation did not arouse the alarm of stockholders, because there were too many people speculating in stocks.

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

It doesn't matter if the stock price closes a little lower than it was when it opened in the morning.

The stock market will not fall at all, everyone will work together, and 50,000 points is not a problem.

With such blind confidence, the Nikkei has spent a week in ups and downs.

By January 11, the stock market had suddenly surged again, reaching its highest peak in days before the market closed.

The excited crowd rubbed their fists and prepared to wait for tomorrow's big fight.

(End of chapter)