For the neon property market began to have a turning point, many real estate companies had a sense of crisis and began to sell land.

However, after analyzing the overall situation, the Ministry of Finance believes that the market is quite controllable at present.

After all, it seems that the price has fallen, but it is still at a high level compared to last year.

The Ministry of Finance explained this phenomenon by saying that "the pullback in asset prices has led to the loss of the unrealized gains that have been over-inflated." ”

In other words, although housing prices have fallen, everyone still has to make money.

The advantage is in me, it's not a big problem.

This is how the Ministry of Finance now thinks about the low housing prices, and even the fact that they feel that their land policy has taken effect and the neon bubble has achieved a soft landing.

What is most important to the Ministry of Finance right now? Suppress all sorts of economic scandals, of course!

It doesn't matter if housing prices fall, but neon's finance must not go wrong.

Banks, in particular, carry too much neon on their shoulders as economic lifeblood.

If there is a problem with the bank, it may really be a big problem.

However, despite the efforts of the Ministry of Finance to eliminate the negative impact of the "Hayama Incident".

However, the black material that has been dug up has made all kinds of rescue measures in the Ministry of Finance useless.

First of all, the incident of Yamaichi Securities' huge loss of 260 billion yen in the operating special fund was exposed.

This time, the black material did not come from Hayama, but there was a problem within Yamaichi Securities.

In fact, when the stock market plummeted at the beginning of the year, this bad debt was already generated.

Because the business fund is closely related to the stock market, the stock market collapses, and the business fund will go bankrupt.

At that time, when this loss was generated, Yamaichi Securities chose to cover up the facts.

However, the stock market plunged again in September, which has caused some people within Yamaichi Securities to have a strong sense of crisis.

Yoshiaki, head of the business planning department, has repeatedly suggested to the board of directors that a public offering be launched to eliminate the deficit.

However, the directors of Yamaichi Securities were afraid of being held responsible, so they coincidentally went the opposite way and chose to cover the lid.

Yoshida is weak and cannot influence the directors' decisions at all.

However, the loss of Shanyi Securities revealed by the "Yeshan Incident" made him see another way to solve the problem.

The following grams are on! Yoshida disclosed the losses of Yamaichi Securities to the media without the consent of the directors.

If Yeshan's revelations make everyone suspicious, then Shanyi Securities' own self-explosion undoubtedly confirms the authenticity of the "Yeshan Incident" materials.

The 260 billion yen operating special fund is the principal of many companies entrusted to Yamaichi Securities for financial management.

Now that they have lost all their principal, will these companies give up?

When this news announcement was published, the Metropolitan Police Department received a call from Shanyi Securities for financial fraud.

Originally, as the main bank of Shanyi Securities, if Industrial Bank had come forward, perhaps the situation would not have been so chaotic.

Yes, Shanyi Securities has always been controlled by Industrial Bank, which will give it strong financial support at critical times.

However, at this time, the Industrial Bank itself was also a piece of history, and there was a big problem with the loan it gave to the upper seam in Yeshan's revelations.

According to the revelations of the reporters at the scene, the certificate of deposit that was taken as collateral to the Industrial Bank on the top of the tail is likely to be fake!

If it is fake, whether or not the loan of the Industrial Bank, which is amounting to hundreds of billions of yen, can be recovered in the end is a different matter.

At present, the Osaka police have arrested Ogami Sea, although the final result has not been confirmed.

But judging from the authenticity of the Shanyi incident, all the revelations of the "Yeshan incident" are not groundless.

The most important thing is that IB did not take a position on this matter, even if Shanyi Securities was in crisis.

The fermentation of news takes time, and by the end of October. Just as Tokyo Special Search was preparing to summon the chairman of the Daiichi Bank to inquire about his financing.

An incident that shocked the neon financial industry happened, and the night before he was summoned, the chairman of Daiichi Bank, Kunihiro Miyazaki, committed suicide at his home.

The next day, the First Persuasion Bank surrendered to the Special Investigation Department through the financing incident of the General House.

The revelation of the "Yeshan Incident" has once again confirmed its authenticity.

So long bank, Fuji Bank, these.

At the beginning of November on the same day, the neon market gave its most authentic feedback.

The Nikkei index plummeted from nearly 20,000 points to around 15,000 points, and land prices plummeted by 11.4% on the day.

The drop in land prices, which has lasted for nearly a month, not only shows no signs of easing, but is even falling faster and faster.

At this time, except for ordinary people, everyone (banks, securities, governments, real estate companies, etc.) knows that the neon economy is going to have big problems.

This is not a problem of a certain industry, but a crisis of Neon's entire economic system.

The "land myth" and the "myth that the bank does not fall" are about to be shattered.

In the face of such a crisis, what is the Ministry of Finance doing?

Officials and bank officials in the Ministry of Finance are afraid to face the reality for fear of being held accountable, so they turn a deaf ear to it.

They are now considering throwing the blame for the bubble economy on the securities companies and the "bubble gentlemen".

How to save the neon economy is not the concern of the Ministry of Finance, but the preservation of self-preservation is the key.

However, in this moment of crisis, there is one person who has stepped forward, and that is Mie Noyasu.

He is the one who tossed the neon stock market and the property market, and he is the one who wants to save it now.

This is actually not contradictory, because Mie Yeyasu's purpose from beginning to end is to hope that Neon's economy will return to normal.

The current property market is not a big problem, but the stock market cannot fall again.

If the stock market falls below 15,000 points, it will lead to a crisis in Neon's entire credit system.

In mid-November, Mie Noyasu was directly found, the current cabinet of Toshiki Umibe.

"Lord Shogi, if the Nikkei falls below 14,000 yen tomorrow, then the Bank of Japan will request the launch of special financing."

This is a special measure used by the government to maintain the credibility of the financial system.

At that time, the Bank of Japan will provide unsecured and uncapped special financing to financial institutions that have difficulty in cash flow.

In other words, it is to open the floodgates and release water, and print unlimited money to save the largest domestic banks such as Industrial Bank, First Quanyin, and Changxin Bank.

Toshiki Umibe was stunned when he heard Mie Noyasu's suggestion.

"Mie No-san, has the situation gotten so bad?"

Mie Noyasu nodded solemnly, "If you don't take action, Neon Bank's credit system is about to collapse." ”

After listening to Mie Noyasu's reply, Toshiki Umibe was silent for a long time.

Just when Mie Noyasu suspected that he was not listening, Toshiki Umibe slowly spoke.

"Mie Wild Mulberry, don't take this step unless you have to.

Let's first get together the heads of the big banks and have a meeting to discuss a way to do it. ”

The decision to print unlimited money is not so easy to make, and if you don't do it well, it will leave a lot of infamy at home and abroad.

Mie Ye thought about it carefully, and this was also a measure, so he nodded in agreement.

And back in the office, Mieno was the first bank to call and inform was Hokuto Bank.

Others don't know, but as the president of the Bank of Japan, he must know that Beidu Bank is strong, and even the bank with the healthiest assets in Neon at present.

Moreover, Beidu Bank has invested nearly 20 billion US dollars in international investment banks, which he also knows.

So if anyone can bear the burden of saving the neon credit system, Beidu Bank is definitely one.

Mie Noyasu's phone call was not made to anyone else, but directly to Shirakawa Kaede's office.

"Moxie Moxi?"

"Shirakawa-san, it's me, the Mie no of the Bank of Japan."

"It turned out to be Mie Wild San" Shirakawa Kaede, who was still sitting there enjoying the little tiger tooth massage, immediately sat up straight.

"The neon economy has reached a critical moment, so I implore the Northern Metropolis Bank to help the Ministry of Finance.

Turn the tide and save the neon economy at the end of the day! ”

"If there is anything that needs the help of the Northern Capital Bank, the contemptible people will do their best."

"Yo Xi, next week I plan to invite the presidents of the major banks to meet at the Prime Minister's Mansion, and I hope Shirakawa-san can make the appointment on time."

"Definitely!"

Hanging up the phone, Shirakawa Kaede's mind began to spin rapidly.

It seems that his previous series of rapid operations have indeed forced the neon economy to a certain extent.

According to the normal progress of history, the decline time of the neon property market should be next year, and the speed is not so fast.

But now this process has been advanced by more than half a year, and the progress has been greatly accelerated.

Since the "Hayama Incident", Shirakawa Kaede has never made any small moves during this time.

One is to avoid suspicion, and the other is to do everything that should be done, just wait for the market reaction.

To be honest, the chain reaction of the market was also beyond his expectations, especially the self-explosion of Yamaichi Securities and the suicide of Miyazaki, the first persuasion silver.

These were all things he didn't expect, and sure enough, a flap of butterfly wings was a storm.

What's more, he directly set up a blower, and the shock caused by it is not an exaggeration to say that it is a tsunami.

The most important thing is that the peak of the tsunami has not yet arrived, and the transmission of the bubble burst has not yet shown its power.

As for cooperating with the Bank of Japan to save the neon economy? This is really not something that Beidu Bank can do.

But it can't save Neon's economy, but it can save Neon's bank.

cough~ That's too naked.

But no matter what, Shirakawa Kaede decided to pick and choose which bank was the fattest when the time came. Ahh

As for whether he is doing the right thing or not doing it, only he knows it.

However, just as Shirakawa Kaede was pondering where to start, a dramatic scene occurred.

The day after Mieno called the major banks, Toshiki Umibe, the 77th Minister of the Cabinet, announced his resignation!

The reason he gave was that he was responsible for a series of scandals in the neon financial industry during his tenure.

By the time Mieno learned the news, our chief carp minister had already bowed and apologized in front of a large number of reporters.

This. This. Mie Ye, who is already not a small number of years, almost ran out of breath and went straight away.

When he came back to his senses, he scolded Toshiki Kaibe in the office, "a coward", "untrustworthy", and "the total carp who ran away".

Do you think that's the end of it?

Toshiki Umibe has just announced his resignation, and Ryutaro Hashimoto, the Minister of Finance, has also announced his resignation as Minister of Finance.

The reason he gave was that his confidential secretary, Toyoki Kobayashi, was involved in the Fuji Bank loan fraud incident.

In order to take responsibility for the incident, he was forced to resign.

Ryutaro Hashimoto is Mieno's nominal direct boss, and now his immediate boss has also run away.

Although Mieno usually does not rely on this Great Tibetan Minister, what will outsiders think?

The chief carp of the cabinet and the minister of finance took the lead in running away, can the neon economy still be saved?

The indomitable Mieno did not give up on his plans, and while urging the Diet to elect the next president, he continued to lobby the major banks.

However, this wasted time has missed the opportunity to save the neon economy in the end.

(End of chapter)