MTL - People Are In Tokyo, and the Peerless Raptors Are Also Afraid of Hatchets-Chapter 400 eat soft sorrow

bankruptcy filing.

The entire Bank of Tibet and the Bank of Japan were surprised.

Because as early as May last year, the Bank of Japan carried out a large-scale institutional reform, and an important part of the reform was the establishment of the Bureau of Credit Institutions.

There is Honma Zhongshi as the director, and the institution has a credit institution section and a payment and settlement section. The former is responsible for financial supervision and supervision and macro-prudential policies, while the latter is responsible for formulating relevant policies for the payment and settlement system.

At that time, the stock price began to fall after the peak, the land price continued to rise, and the economy was still in the bubble inflation stage.

President Yasushi Mie has already instructed in the conference room to formulate the Bank of Japan's countermeasures in order to prevent the possible bankruptcy of financial institutions.

Subsequently, with the Bureau of Credit Institutions as the core, repeated discussions were held around the possible bankruptcy of financial institutions.

Initially, it only focused on a few institutions that were regarded as problem objects and listed on the "Key Supervision List", such as Toho Mutual Bank, Osaka Fumin Credit Cooperative, Kamaishi Credit Bank and other relatively small-scale loans to SMEs or small and micro enterprises. Financial institution.

However, due to the problems of the Mutual Kinkizu Union Credit Union, the target was expanded to slightly larger financial institutions represented by Hyogo Bank and Pacific Bank.

But in the key supervision list and the risk list, there is no such thing at all.

"Have you noticed any issues with debt before this?"

"No. But according to the economic benchmark date released, the peak of economic prosperity occurred in February of this year, between the peak of stock prices and the peak of land prices. The real GDP growth rate has dropped sharply from 5.1% in 1990 to 3.8%. , the total control directive seems to have too great an impact.”

The so-called total amount control means that the growth rate of loans provided by financial institutions to the real estate industry shall not exceed the growth rate of total loans, and at the same time, it is required to regularly report the implementation of loans to real estate, construction and non-bank financial institutions.

This order was issued by the Banking Bureau in March 1990, and Ryutaro Hashimoto personally approved it.

The consideration at that time was to deleverage and de-bubble the market, which could make the economy healthier and prevent unexpected accidents in Eastern Europe. However, the stock market received immediate feedback, but the land price did not.

This also gave the Bank of Japan a reason to raise interest rates, and Yasushi Mie Ye was even more righteous, forcing the banking bureau to stop commercial and residential loans in the form of window guidance.

There is no doubt that the issuance of the total control order is undoubtedly the trigger for the collapse of land prices.

It's just that the heavy weight of the Japanese silver is like a stone that crushes a camel, making things worse and worse.

Triple this old bastard.

I clearly realized that I was being tricked by someone.

Because the total amount control will never make things so bad, but the Bank of Japan directly prohibits the proportion of real estate and real estate loans, 70% is too terrible.

like a corporation.

Working capital is like blood, maintaining the life and operation of the club. With the huge real estate industry, the limit on real estate loans was suddenly increased from 30% to 70%.

The result would be like a river being dammed, the downstream ecosphere being destroyed, and destruction being the inevitable result.

Hashimoto Ryutaro secretly cursed his mother.

It's just that he also knew in his heart that even if he did it again, in that situation, he still had to make the same choice.

After the meeting.

The Minister of Kendo Dazang, rarely lit a cigarette.

Before, I wondered why this fellow Haibu suddenly turned against the tide, but now I understand a little.

According to the rules of Japanese politics, if you have not fulfilled your duties, you must go out of the field, but if you quit at an excellent time, going out of the field is not a kind of dormancy, you can wait for the opportunity to make a comeback.

In this case.

It is unlikely that he will attack the position of Prime Minister of the Cabinet himself.

Even this guy in Kaibe is rotten.

No one can do anything when all the problems break out!

Next.

It is the bankruptcy liquidation with the intervention of the Financial and Credit Bureau.

According to the procedure, there are three departments to deal with the bankruptcy of financial institutions.

The law stipulates that the chairman of the deposit insurance institution shall be a deputy governor of the Bank of Japan, so the deputy governor Hiroshi Yoshimoto also served as the chairman of the deposit insurance institution.

In addition, major life insurance institutions and large urban banks also have a vice president as a member of the research group. Among them, Japan Life Insurance, as the largest insurance company, also has a vice president responsible for insurance management and control.

However, not long ago, the Health Insurance was reshuffled, and the vice president who held this position was suddenly hospitalized with a heart attack.

morning.

The office building of the Bank of Japan headquarters.

The Bureau of Deposit Insurance Agency Affairs is located here on the third floor.

There are only a dozen or so staff members, and most of the others are seconded staff or ob from the Bank of Japan, and members of a classroom at the Institute of Economics.

This is a bankruptcy liquidation agency of a joint financial institution.

All right!

Nothing to say.

In fact, it is a joint distribution agency established by major consortia and government agencies on the supply side of resources.

The leader is Honma Tadashi, and Yoshimoto Hiroshi, who mentioned the issue of bankruptcy and liquidation. These people from the Bank of Japan and the Bank of Japan looked quite ugly.

The so-called, its full name is International Credit Commercial Bank - Tokyo Branch.

Headquartered in Luxembourg, it operates worldwide.

However, since the branches of foreign banks in Japan are not bound by the Japanese deposit insurance system, the bankruptcy liquidation of the institution is carried out outside the deposit insurance system.

Therefore, the major consortiums were immediately smashed.

Honma asked for the opinion of the study group.

Nakamura Asichiro glanced at his eldest nephew and said: "The increase in real estate-related loans and the rise in land prices are so outrageous that sooner or later the land price will definitely fall. The same is true for the debt problem to a large extent, so my advice is to pack these Debt is realized immediately, and the related debts of other institutions are repaid first, so as to avoid involving more institutions.”

Naoo Nagano took over: "Seriously, the collapse in housing prices was largely the result of the decline in economic growth rates after the bubble collapsed. It was the discounted value of tax incentives during the bubble economy that lifted real estate prices, and the collapse also reflected the The end of the tax incentives, so why not just divest the liabilities out of the payment clearing system?”

You're **** easy.

What about those savers?

Everyone knows that Yaben Shengbao is a bastard, and now another **** pops up, not helping, and secretly mocking.

Honma Zhongshi was very angry, but he could only say with a dark face: "Nagano-kun's suggestion is worth considering, but in terms of funds..."

Let us pay?

no way!

"Isn't it a matter of course that the central bank acts as the lender of last resort and provides funding when necessary?"

"That said, but Nagano-kun hasn't noticed the accusations from public opinion? The public is wary of the moral hazard that the Bank of Japan's involvement in the bankruptcy of financial institutions may cause. So..."

In the economics textbook-like "lender of last resort" theory, the function of the central bank is purely to provide liquidity rather than to provide credit funds.

So.

The private sector is very disgusted with the central bank's involvement in the bankruptcy of financial institutions.

Because the practice outside the rules is equivalent to the central bank paying for the bankrupt behavior of financial institutions.

But where the money comes from is a hotly debated issue.

The first thing that needs to be explained is that the central bank and government agencies do not produce and create value, so the money to assist the bankrupt institutions cannot come out of thin air.

Under the logic of general equivalence, the money will eventually turn into everyone paying for the bankruptcy of the financial institution.

The problem is that the bankruptcy of financial institutions often involves corruption and moral problems. Once the central bank intervenes in such bankruptcy liquidation, it means using the flesh and blood of the common people for unlimited satisfaction and fueling the exploitation and corruption of financial institutions.

the same day.

Key words "bad debts" and "non-performing assets" have become hot topics in the four major newspapers.

Also on the same day, in the face of the failure of third-party deposit and loan institutions, the Banking Bureau had to announce that in order to maintain the stability of the financial system, the Bank of Japan would also provide liquidity to financial institutions on necessary occasions and play the role of "lender of last resort".

The reason is that in reality, the typical scenario in which the function of the "lender of last resort" needs to be played is that if a financial institution temporarily trapped in liquidity is allowed to default, it will have a knock-on effect on the entire financial system, that is, the outbreak of systemic risk.

When the Banking Bureau made this decision.

Ryutaro Hashimoto is having a headache on the desk with a report from a British newspaper.

"Financial Times reported that the scale of bad debts of Japanese financial institutions will reach 42 trillion to 53 trillion yen. The outside world now thinks it is alarmist, but in fact, according to the current monitoring of bad debts, it is far beyond this scale, reaching 100 trillion yen.

What's worse is that the loan-to-deposit data audited by the Ministry of Posts and major financial institutions shows that the private debt ratio, default rate, and supply cut-off rate have reached a certain critical point in financial history.

At this moment.

A bar in Ginza.

I don't know who let out what Hashimoto Ryutaro said in the conference room.

There was spit on him everywhere.

After drinking a few cups, Ishigada couldn't help but say, "This Minister Dazang really deserves to be close relatives with straight men!"

"Hey! What are you talking about, bastard? Is there anything wrong with your close relatives? Besides, it's just about Obasan."

"Even if you have a low income to buy a car and rent a car, don't you know that driving a taxi is very hard?"

"Nani? Why is this guy's focus so strange all the time."

"Isn't it? Even though you can earn 700,000 to 800,000 yuan per month if you open a rental car, but you have to pay the annuity yourself, which is a huge expense, and working day and night upside down is very harmful to your body. , are these calculated into the profit and loss ratio?”

"What kind of messed up values ​​are you! The monthly income of 700,000 or 800,000 to 800,000 yuan, even I only have so much. Is there any problem?"

As soon as Ken Sato couldn't listen any more, he immediately exaggerated: "Wow! To be able to say such shameless things is really worthy of being an immature child of the Sanda Society! You have to pay 700,000 to 800,000 per month, not to mention those messy things Things, at least a few times a day to travel around the world, there are love allowances, wife allowances, but the average person is 700,000 to 800,000, and the annuity accounts for 100,000. If you travel a few times a year, you will have a lot of expenses. Communication expenses, medical expenses, etc. After all, why didn't you say it?"

"..."

These words left Naoo Naoo speechless.

Some understand why Koizumi couldn't fight back at that time.

What is a habit?

in this bubble era.

It's not just enough to eat, drink, and sleep.

Na Na Na, we are so hard, can't we go out for a trip to relax and see the outside world?

It's just an out-of-season luxury, can't ordinary people have it?

desire.

endless.

accustomed to luxury.

Who would think only about the satisfaction of eating and sleeping.

How to have some spiritual supply!

"You guys, you are typically dissatisfied, just go to a convenience store to work casually, and you can buy a car in ten months."

"The best big brother, you can buy one with a monthly salary."

"Even a luxury like a computer only needs one month's salary."

"The value of such labor is still going up and down, and there is resentment in my heart, has my conscience been eaten by dogs?"

drinking wine.

Naoo Nagano couldn't help but spit out what was in his heart.

Yoshida Izhi rolled his eyes: "Sure enough, there will definitely be a story of a dragon slayer becoming a dragon! Straight man, you didn't say that when you humbly borrowed money from me."

"Damn! Am I wrong? Seriously, this kind of life is already pretty good. No matter how lazy a guy is, he will have 300,000 yen a month, enough to buy a big brother!"

"Don't you feel shameless to say something like this? Why do you guys pay tens of millions for a meal, with invoices, while we can only make hundreds of thousands of yen a month as cattle and horses? Please see how this country has changed. What is it like? If it is as easy as you said, why has the birth rate dropped to the current level? It is not because the housing price is too high that everyone can’t get married!”

"Big brother, low housing prices are not good for young people's struggles! Don't complain about society all day long. Besides, housing prices in Shimane Prefecture and Hokkaido have dropped to 100,000 yen. You can buy three a month. Stacked, five square meters, freehold property rights, actual living area, is this very expensive? So, don’t make excuses for your laziness! As a young man, please show a hundred times of blood, and work hard for this country. !"

"Straight man, you bastard! Does it really hurt to stand and talk? Do you guys define the meaning of our life as ants looking for a kennel?"

boom!

boom!

puff!

Naoo Nagano was beaten violently by others.

Wait until you are tired.

The three of them lay on the ground, staring at the ceiling of the private room.

Sato Ken scolded: "This is really a capitalist country!"

"Isn't this very Japanese?" Iue Ryoda complained very dissatisfiedly.

Naoto Nagano said disdainfully: "If you don't sell, you won't kill! To put it bluntly, it's not because of the inferiority of human beings."

"But you **** are going too far! You want to deprive us of our privacy? It's okay to be a big fish, and we didn't grab your cake and say, why are you grabbing our bread and kicking it? In the mud?"

"If you say such a thing, please think about it carefully! The world is created by us~www.novelbuddy.com~ We keep you parasites. If you are dissatisfied, why don't you resign?"

"Hey hey hey! Stop arguing. I feel that Miss Mikami is in love with me."

"Nani? Well, don't you stop being a dog licker?"

"That's the plan! But I found that the meaning of life is always to find something I like. In fact, the days with Miss Mikami are still very fulfilling. If I don't even have such a life, I can only go home and inherit the family property. , be a **** capitalist!"

"Isue Ryoda, are you showing off, you bastard?"

"I said it very seriously! Forget it, Zuo Teng, you won't understand, Zi Feiyu, how can you know the joy of fish, you're not me, how can you understand what it feels like!"

Iue Rada staggered away.

Naoo Nagano was puzzled and asked, "Could it be that you can still be addicted to eating shit?"

"This... it should be!" Kenichi Zuo nodded earnestly: "At least, Xiaosan really likes it. He has to eat a golden nugget meal once a week, which makes me want to try what it feels like!"

"Nani?"

"Ah, it's alright! It's that little San who wanted to talk to you recently, are you proud?"

two months ago.

A Japanese politician has died.

And this person is very similar to Naoto Nagano's origin.

Because of his status as a concubine, in order to stand out, he married Shinsuke Kishi's daughter, Yoko Kishisuke, and reached a gentleman's agreement that the child born must have the surname of Shinsuke Kishi.

This is a very shameful thing.

What's even more shameful is that this guy has been shrouded in the shadow of his father-in-law for a long time, and his position at home is terrifyingly humble. When taking a photo, several members of the family are sitting, and he is the only one who can only stand.

This person is - Ampkin too wolf!