Looking at the data in his hand, the more Shirakawa Feng looked, the more excited he became.

Nagashin Bank, Japan's largest bank.

Faced with this plate of meat, how could he not be moved?

Putting down the information in his hand, Shirakawa Kaede sighed inexplicably.

"Arai-san, do you think we have a chance?"

Hiroshi Arai, whose hair and beard have turned gray, can understand Shirakawa Kaede's kind of gains and losses, or worries, in the face of Changyin.

Because Changxin Bank is different from other banks, both in terms of background and role.

Just as he and Professor Yamada had dissected Shirakawa Kaede in depth, neon capitalism has its own characteristics.

Since the Meiji Restoration, there have been talented predecessors who have been exploring capitalism suitable for neon.

Among them, there are three main theories that are more widely accepted: Shibusawa Eiichi's "Shibusawa Capitalism", Fukuzawa Yukichi's "Universal Principles", and Mitsubishi Zaibatsu Yataro Iwasaki's "Chaebol Capitalism".

The latter two, one with Omega as a model and the other with monopoly as the ultimate goal, failed to adapt to neon in the end and were slowly eliminated.

And the idea of "Shibusawa capitalism" is to curb capitalist greed through Japanese methods.

In this way, it defuses the offensive of foreign capital and foreign culture that has invaded on a large scale, and it is an elite system with unique Japanese characteristics.

The two core points it emphasized, "the unity of righteousness and benefit" and "the Analects and the abacus", are also regarded as the guidelines by most people in the financial world.

Especially in the Ministry of Finance, many of them are "Shibusawa factions" and are big believers in this model.

For this reason, the post-war neon basically carried out rapid development for more than 20 years based on the blueprint of "Shibusawa capitalism".

However, as time passed, a new Shibusawa capitalism was born in the 70s.

The main advocates for it were the Industrial Bank, the Ministry of Finance, and the New Nippon Steel Corporation.

In the post-war years of scarcity of funds, Xingyin took charge of the distribution of funds and was the general headquarters of the neon economy.

The Ministry of Finance has the exclusive right to grant licenses in the fields of taxation and finance, and is the regulator of the neon economic system.

Under the call that "steel is the lifeblood of the nation", Nippon Steel rose to the pinnacle of industrial capitalism and dominated Japan's financial circles.

These three have provided strong support for the LDP's long-term dominance of the regime.

It can be said that from 50 to 80 years, the neon economy has been operating according to this model.

As the most special existence in the neon banking industry, IB's position has always been unshakable.

If you have to classify the neon banking industry, then Xingyin is at the top.

Under it are the City Bank, the Trust Bank, other Changxin Bank and the financial institutions of the government system.

Further down are the local banks, mutual banks, credit banks, and financial institutions of the agricultural cooperative system.

According to the size of the authority to allocate funds, a concise and clear pyramid system is formed.

In addition to the hierarchy, the neon government has also implemented a division of labor among these banks.

Metropolitan banks provide short-term loans to large enterprises, and local banks serve small and medium-sized customers.

The Trust Bank was in charge of asset management, and the Bank of Tokyo was reorganized into a foreign exchange bank.

The three banks of "Changxin Bank" are the most special, and they assume the role of national resource co-ordination.

These three banks with state-owned backgrounds are Industrial Bank, Quanye Bank, and Japan Bond Credit Bank.

However, like the chaebols, they either turned to ordinary banks or split and reorganized under the orders of the United States.

Among them, IB began to turn into an ordinary commercial bank, but it is still the most special in terms of composition.

Quanye Bank was divided into two, and half of it was reorganized into the current No. 1 Quanye Bank, which is positioned as a metropolitan bank.

The other half is now Changxin Bank, which mainly provides long-term equipment loans to heavy industries such as electric power, iron and steel, and shipbuilding.

The Japan Bond Credit Bank is mainly for the bond and real estate industries, after all, its predecessor is the Japan Real Estate Bank.

Other chaebol banks, such as Mitsubishi, Mitsui, and Sumitomo, were all classified as metropolitan banks, and Shirakawa Kaede's Hokuto Bank was also one of them.

This is the general pattern of the modern neon banking industry, and the positioning from large to small is clear and clear.

However, with the impact of a lot of capital during the bubble period, the original system of the banking industry has been riddled with holes and decay.

Industrial Bank, Changxin Bank, and other decent people who were originally high-ranking could not resist the temptation of the property market and the stock market, and began to get involved in the civil loan business on a large scale.

Up to now, the status of the three special banks has gone forever, and it is infinitely close to the metropolitan bank in terms of function.

But after all, they have been beautiful before, and they still occupy a special place in the Ministry of Finance.

At the same time, this is also the reason why Shirakawa Kaede did not set the goal on Industrial Bank.

Its status is too special, and with the weight of the Northern Capital Bank, it should not be able to control its fate.

Even if the other party has such an intention, the Ministry of Finance will not agree.

Don't forget, the Ministry of Finance is the one who is trying to maintain this system, and the last thing they want is to see the collapse of "neo-Shibusawa capitalism".

Changxin Bank, on the other hand, is less conspicuous than Industrial Bank, especially when it is the first to show its flaws.

The 4 trillion yen bad debt is no joke, and other banks would have gone bankrupt long ago.

Looking at Shirakawa Kaede's heart-warming eyes, Arai Yuya rarely swelled up a little blood.

"Chairman Shirakawa, the pattern of neon banking has long existed in name only.

Now everyone is waiting, waiting for the first person to take that step.

And no matter how the process changes, in fact, the outcome is already doomed. ”

Because of the impact of the bursting bubble, although many banks are burdened with large amounts of bad debts, few are actually bankrupt.

The reason for this is that the Ministry of Finance is trying to maintain the myth that banks do not fail.

In other words, the Ministry of Finance will not allow banks to go bankrupt, especially those with state-owned backgrounds.

If it weren't for the Ministry of Finance's obstruction, perhaps the unsustainable banks would have filed for bankruptcy long ago.

After all, in the face of more and more bad debts every day, not every bank can stick to it.

If the Ministry of Finance is held accountable in this way, at a glance, you will have the most bad debts during your tenure, and who will be the one who will be caught if you don't catch you?

But judging from the current situation, it is obvious that Changyin chose to cover up the facts.

Although there is speculation that Changyin gave up its control of EIE because of its own difficulties.

But no one knows what kind of situation Changyin is facing now.

It was only people with ulterior motives like Shirakawa Kaede and Arai Yu that they got a rough idea of Changyin's situation.

Arai said that the banking landscape has existed in name only, and it is not alarmist.

According to the information they have, almost all banks have a large number of non-performing assets, of which real estate mortgages are the majority.

There is no doubt that at least a third of these banks will not be able to sustain themselves as house prices continue to fall in the future.

Since sooner or later it will go bankrupt, why not work harder and let it die early and be reborn?

If you want to be a-stirring stick in the banking industry, if you want to promote the reform of the banking industry, he Shirakawa Kaede is duty-bound.

"Arai-san, since others don't know Changyin's difficulties.

Do you think we should be considerate of the other party, complain to the public on his behalf, and let everyone buy more shares of Changyin? ”

Shirakawa Kaede, who was calculating quickly in his mind, said compassionate words in an uncertain tone.

Arai Yuki was stunned for a moment, and then he realized that Shirakawa Kaede's words had to be listened to in reverse.

"Hmm~, it's not impossible to spread the word, but I don't know how the Ministry of Finance will react?"

"The Ministry of Finance is busy, so I don't have time to pay attention to this.

Besides, if it's really too idle, we'll find more things to do for it. ”

Bai Chuanfeng, whose eyes were flashing, had already made up his mind, and the next step was to move his mouth to Changyin.

As for the "pyramid system" that the Ministry of Finance has strived to maintain, there is a good saying: if it is not broken, it will not be established, and if it is broken, it will be established.

"Let's find an opportunity to disclose the bad debt information of Changyin, and other non-performing assets such as Industrial Bank, Shanyi Securities, and Donghai Bank are also on the same plate."

Following the last financial scandal, Kaede Shirakawa is ready to add a bell to his peers.

Shi Penzi continued to deduct, and the work of revealing the old bottom should not stop, accelerate ~ accelerate ~ Hiroshi Arai admires Kaede Shirakawa's entrepreneurial spirit of breaking the mold and constantly taking on challenges.

Honestly, in the stereotypical neon, there are not many people who can do this.

Now he will once again challenge the "myth that banks don't fail", which is undoubtedly the first time that neon banking has happened.

The first person to kill one of the three major lines with his own hands, it makes people's blood boil just thinking about it.

Now that the goal has been clarified, Hiroshi Arai did not hesitate to start preparing for this part of the work immediately.

As a veteran of the financial industry, he knows what kind of news is the most fatal for banks.

As a result, with the collapse of land prices, a large number of real estate companies collapsed, and the non-performing assets of banks skyrocketed.

The news in the newspaper about the imminent bankruptcy of such and such a bank suddenly increased, and the key point mentioned was of course Changyin.

First of all, it is about the disclosure of Changyin's losses in EIE international investment, and the bad debt of 1.5 trillion yen shocked the entire economic community.

Faced with such an accusation, Changyin, who was angry, immediately came forward to deny it.

In order to establish a healthy financial image, the senior management also came up with the so-called revenue statement.

This statement does not seem to have any problems with Changyin, at least it is much better than other banks.

However, before the other party was complacent, a news magazine quickly exposed the other party's tricks.

Changyin's so-called revenue statement deliberately "off-balance-sheet" non-performing loans.

Specifically, Changyin has become a large number of subsidiaries.

Then, the subsidiary company first purchased the land mortgaged by the developer at the book price, and the developer paid off the loan.

After that, the subsidiary company took out a loan from Changyin to obtain funds for the purchase of land and the construction of houses.

To put it bluntly, the left hand is the right hand, the actual land and bad debts have not changed, but the debts have been transferred out on the surface.

After such an operation, the revenue report is of course good-looking.

However, the emperor's new clothes were torn off, and Changyin, who couldn't hide it, was immediately speechless.

After all, these subsidiaries can know who their actual controller is by checking carefully.

There are a lot of media with this leisure, and Bai Chuanfeng just threw an introduction here, and a bunch of reporters immediately moved when they heard the news.

Not only did they uncover many of Changyin's subsidiaries, but they also found that its bad debts were much more than that.

4 trillion yen bad debts Oh, well-deserved neon Namba asked.

In the face of the shocking non-performing assets published, the stock market gave its most real reaction.

(End of chapter)