On Christmas Eve, December 24, Kaede Shirakawa's car stopped in front of a quiet villa in Chiyoda Ward.

It's actually very close to his home, and it's only a 10-minute walk.

However, considering the special things he talked about tonight, he still sat in the car in a low-key manner and traveled secretly.

After the car stopped in front of the villa, Shirakawa Kaede had just gotten out of the car when a person who looked like a housekeeper approached.

"Shirakawa-san, my lord is waiting for you inside."

"I'm tired" Shirakawa Kaede nodded, and followed him towards the interior of the villa.

Traveling with him today is also Hiroshi Arai, and the problems of the banking industry must be checked by him, a professional.

Under the leadership of the housekeeper, entering the main hall of the villa, Shirakawa Kaede found that they were all acquaintances.

Shoji Okuda, who was the first to persuade silver, was temporarily replaced by him after Miyazaki's suicide.

Kawasai of Industrial Bank, Sugipu of Changyin, Matsuoka, Mitsui Nakajima, Mitsubishi Yamamoto, and Nishikawa of Sumitomo of Bond Bank

It can be said that all the people in Neon's super-first-class banks are here.

In addition, Mieno of the Bank of Japan and Koitomura, the head of the financial sector of Keidanren, are also listed.

Together, these people can crudely assume that they represent the entire banking industry of Neon.

Seeing Shirakawa Kaede come in with Arai Yu, everyone politely greeted them.

Don't look at Beidu Bank as a rising star, it was just a local bank at first.

But the more they know about the banking industry, the more they know the foundation of Beidu Bank.

Even everyone looked at the eyes of Shirakawa Kaede and Arai Yu, and there was a faint hint of the project.

Why? This is because Beidu Bank has very little land-collateralized loan business.

In other words, Beidu Bank has less non-performing debts and no bad debt pressure.

Not to mention whether the bank can make money, ensuring its own financial health is the top priority.

After Shirakawa Kaede took Arai Yu to sit down on the sofa, everyone's eyes on each other were also complicated.

Some are sad, some are pensive, and some simply don't care about themselves, but they don't have a fighting spirit.

Seeing that everyone had arrived, Kiichi Miyazawa, the new cabinet minister, coughed and attracted everyone's attention.

"Alright, now that we've got all the people here, let's get started."

As he spoke, he gestured to Nakajima, the assistant behind him, who sent the prepared materials one by one.

Shirakawa Kaede, who got the information, took a general look, and his face immediately became much more serious.

"First of all, I declare that today's meeting is top secret, and no one is allowed to disclose it!"

Miyazawa Kiichi's admonishing eyes almost told everyone that if they knowingly committed it, they would be punished for treason.

After seeing the information in their hands, everyone nodded solemnly.

There are top-secret data on the neon economy, especially the losses that the financial industry could face after the bubble burst.

"Ladies and gentlemen, Neon has reached a time of life and death. If the stock market continues to fall, a credit system crisis is about to erupt.

Once the credit system collapses, what kind of situation Neon will face, I think everyone knows very well. ”

What will happen to the collapse of the credit system? It will make Neon return to the pre-liberation period overnight, and it will make the achievements accumulated in the twenty years of golden development come to naught.

No one can bear this consequence, not Kiichi Miyazawa, let alone everyone here.

"Therefore, after consulting with Mie No-san, I decided that once the stock price falls below 14,000 yen.

Then immediately take action, urgently close the Topix exchange, and the Bank of Japan began to provide unlimited special financing. ”

This step is a last resort taken by the government just in case.

Although some people are not very supportive of this point, they have not spoken out against it after all.

The Nikkei Stock Average is currently around 15,000 yen, which is a blessing in disguise.

From nearly 40,000 points at the beginning of the year to 15,000 points now, behind the more than two-fold decline is the huge losses of countless financial institutions.

Seeing that the most important and fundamental resolution, no one objected, and Miyazawa finally breathed a sigh of relief.

This chief carp minister is really not easy to be, especially when he has just taken office and encountered such a thorny problem.

But as long as the stock market stabilizes and doesn't deteriorate, the government will have enough time to deal with the bad debt.

"Yo Xi, you are worthy of being the pillars of the neon economy, and here I have thanked you for the 100 million people."

The Bank of Japan would not have been able to complete such a task without the cooperation of the major banks in order to open the floodgates.

And if you really want to open the floodgates and release water, everyone will actually suffer a certain loss.

Therefore, Miyazawa is also willing to express his gratitude to everyone for their cooperation.

The first resolution was a good start, and the second resolution was also put forward by Miyazawa eagerly.

"In view of the huge losses incurred by securities institutions in operating special funds, the Ministry of Finance should take the lead in drafting and compensating the enterprises that have suffered losses."

As soon as Miyazawa's words fell, the new Minister of Finance, Haneda, frowned.

"Your Excellency, according to outside media reports, the securities industry alone has exposed losses of up to 10 trillion yen.

How to compensate for the loss of 10 trillion? How much is the compensation? Who provides the funds for the compensation? ”

The 10 trillion losses mentioned by Haneda are based on the information that broke out in the Hayama incident.

And his third question in a row directly made the expression on Miyazawa's face stiffen.

Shirakawa Kaede and Arai Yu glanced at each other quietly, it seems that this great Tibetan minister doesn't seem to buy much of Miyazawa Kiichi's account.

Although it was not soft or hard, Miyazawa himself was the Minister of Finance and was familiar with the situation in the securities industry.

Therefore, he thought for a while and then said, "Based on the loss data reported by major securities institutions before March this year."

Those that are not listed in this list are 'skip operations' and are the responsibility of the securities institutions themselves. ”

At the beginning of the year, when the stock market plunged for the first time, the Ministry of Finance explicitly banned the operation of special funds.

In addition, the losses incurred in the past due to the business special fund should also be reported to the Ministry of Finance in a timely manner.

It's just that many securities institutions value its high returns, and they have not stopped, and even deliberately concealed their losses.

This concealed loss is the "skip operation", and the typical one is the 260 billion yen loss of Yamaichi Securities.

To put it bluntly, you hid it before, and now I don't admit it, and the compensation is not your share.

If that's the case, Haneda nodded after a little thought.

According to the information he knows, very few securities institutions have actually reported their losses to the Ministry of Finance, and the total amount is only about 100 billion yen.

With the bulk of the payment by the securities company and a little support from the Ministry of Finance, it is not difficult to pay 100 billion yen.

However, when they discussed it like this, Hexi of Xingye was a little unhappy, after all, Shanyi Securities was mixed with Xingye.

But who is to blame for this? It was Yamaichi himself who violated the rules.

Therefore, Miyazawa and the Ministry of Finance directly ignored the face of Xingye and continued to enter the last resolution of the meeting.

"Finally, what do you think about the decision to set up a special agency to acquire real estate developers guaranteed by financial institutions?"

Hearing this question, Shirakawa Kaede and Arai Yu were shocked and came.

The first two problems have nothing to do with them because Beidu Bank has perfectly avoided the minefield.

But the last one, that's in their vital interests.

"Dare to ask Miyazawa-san, who is in charge of this institution? How much does the investment mean? Where does the money come from? Is there a specific basis for the appraisal of the acquired real estate developer? ”

It was another series of rhetorical questions, but this time the question was raised by Nakajima of Mitsui Bank.

As if he had expected someone to ask this question, Kiichi Miyazawa replied unhurriedly.

"The organization is under the leadership of the Ministry of Finance and is jointly supervised by everyone.

The initial investment is expected to be 50 trillion yen, of which the Ministry of Finance will be responsible for 10 trillion yen, and the rest will be jointly contributed by you.

As for the acquisition criteria of real estate developers, they will be discussed and reviewed by major banks. ”

Kiichi Miyazawa's words fell, and the hall fell into an eerie calm for a while.

The expressions on many people's faces are incredible.

"Miyazawa-san, are you sure that this money is shared by the major banks?" Mitsubishi's Yamamoto wondered if he had misheard.

"This is the best way to solve the current real estate crisis, and if you don't want the real estate to collapse, you have to act as soon as possible."

"But now the real estate industry is far from the time to talk about the crisis, although the house price has fallen, but it is still at a high level compared to before."

Nishikawa of Sumitomo Bank couldn't help but retort.

Are you kidding? Let the banks pay for the real estate developers?

The first to oppose were the three chaebol banks, which were divided equally between 40 trillion yuan, and each of them also had two or three trillion yuan.

That's more than $20 billion! Lord Shoki, do you really know what you're talking about?

"Ladies and gentlemen, sharing risks for real estate developers is removing hidden dangers for banks.

Don't forget, the real estate developers have mortgaged the land to you.

Land prices have plummeted, and the banks must have suffered the last losses.

In addition, the economic rescue of the Ministry of Finance is not only for real estate developers, but also for banks. ”

Miyazawa was bitter about the stakes, and he deeply felt that this crisis was not just a stock market crisis.

At the same time, it is also a crisis of the neon financial market as a whole, as well as a crisis of the "land myth" and the "myth that the bank does not fail".

However, in the face of his generous statement, Haneda, the prime minister, replied without saltiness.

"If you don't speak properly, you're going to get us in trouble."

The Ministry of Finance has never said that it will pay the 10 trillion yen, so do you think that money is not worth much when it is the Plaza Agreement?

Haneda's words deeply stung Miyazawa, the chief carp minister of his own dignified cabinet

"I also think that the bank's business has not deteriorated to this extent." Mitsui Bank's Nakajima, continue to mend the knife.

Miyazawa's face froze, and he looked at the banks with state-owned backgrounds, such as Industrial and Daiichi Persuasion Bank.

Both Kawamura and Okuda bowed their heads in silence, apparently not approving of this either.

Holding on to his last hope, Miyazawa turned his gaze to Shirakawa Kaede again.

More than 20 billion US dollars, Beidu Bank has this money.

But Shirakawa Kaede glanced at the eyes that were staring at him all over the room, and showed Miyazawa an apologetic look.

"The number of loans that Beidu Bank cooperates with real estate developers is very small, and our business focus is not on land."

Miyazawa's face visibly turned gray, "That's it, the matter has come to this, let's follow the first and second agreements first." ”

After speaking, Kiichi Miyazawa waved his hand to signal the end of the meeting, and everyone looked at each other and silently got up and left the hall.

"Shirakawa~"

At the moment when Shirakawa Kaede got up, Miyazawa suddenly stopped him.

"The Northern Metropolis Bank is doing the right thing, the land has exceeded its due value."

"Miyazawa-san, just now."

Kiichi Miyazawa raised his hand to signal that he didn't have to mind, "It's not your fault, after all, the Hokuto Bank is innocent." ”

After saying that, he got up and put his hands behind his back and slowly walked to the backyard.

For some reason, Shirakawa Kaede always felt that his back was a little hunched again.

"Let's go too," Shirakawa Kaede led Arai Yu to the gate.

A few bank talkers who are familiar with me here are talking and laughing.

"Shirakawa-san, do you want to go have a drink together?" Okuda, who was the first to persuade silver, warmly invited him.

"Okay," Shirakawa Kaede replied to them with a smile on his usual face.

"Yo Xi, go to Roppongi, don't get drunk and don't return!"

"Haha, good!" Kawamura of the Industrial Bank replied loudly.

Looking at everyone's smiling expressions, Shirakawa Kaede looked at the night sky full of stars and let out a long sigh.

Japan is finished~

Just now, the last chance to save Japan from the bubble was buried by himself and the people around him.

Then the golden age will be gone forever, and the lost ten, twenty, and thirty years are beckoning in the near future.

(End of chapter)