Chapter 77 Kicks off
Ministry of Finance, the Ministry of Finance, taxation, and finance department of the Neon Government.
What concept?
The Ministry of Finance has nine bureaus including the Minister's Office and the Accounting Bureau, the Main Tax Bureau, the Customs Bureau, the Financial Management Bureau, the Securities Bureau, the Banking Bureau, the International Finance Bureau, the Mint Bureau, and the Printing Bureau.
It oversees the Ministry of Finance, the Ministry of Taxation, the Central Bank and the Securities Regulatory Commission, insurance and more!
This is the Province of Tibet.
As the CEO of the Ministry of Finance, Ichishige Yasuno's orders are the edicts in the market. Once, he made a single phone call to make the collapse of the neon stock market rise instead of fall.
But this time, Ichijue Yasuno made a very difficult decision.
On the same day, all commercial banks in RB received a resolution notice from the Ministry of Finance.
The market interest rate is currently reduced from 6% to 2%.
A cumulative decrease of four percent.
This resolution made major financial institutions ecstatic.
Since Yasuno Ichijue took office, Neon's major financial institutions and financial markets have been under tremendous pressure, because as soon as Yasuno Ichijue took office, he announced that he would pop the bubble in the Neon economy and continuously raise interest rates from one percent.
To six percent.
Capital pursues profits.
The 5% interest rate hike caused a huge amount of hot money in the market to roll into banks and go to sleep.
This makes major financial institutions very distressed.
The greater the liquidity, the greater the market activity. When liquidity decreases, the market activity will decrease.
If all the money goes to the bank to sleep, market liquidity will inevitably be frustrated, which will immediately affect the direction of the securities market.
It was precisely because of this decision that the Neon stock market plummeted by more than 2,000 points on the first day that Yasuno Kaichi took office.
Under the slump, the securities asset quotas of major financial institutions were greatly affected, and even affected the credibility of banks. Chiba Credit Union, Neon's second largest local credit union, declared bankruptcy, and Pacific Bank and eleven other
There were simultaneous runs on small banks.
The stock market once fell to 20,000 points.
Well now, a one-time cut of 4% in interest rates has released liquidity in the Japanese yen. This super good news is bound to ignite the securities market again.
Buy buy buy.
As long as there is buying and selling, everyone can make money.
However, after receiving the second document from the Ministry of Finance, the executives of major commercial banks could no longer laugh. They only felt a chill to the bone.
Reduce the current mortgage loan ratio and raise it to 75% in one go.
What's the meaning?
It can probably be explained by reducing the loan provisions for real estate to the original 25%.
Erling Bank, Office of the Vice President.
Tomikawa Chuujiro held the document from the Ministry of Finance for a long time.
He felt cold all over his body.
In recent years, Erling Bank's investment in real estate has not been small, and it is precisely because of its profits in real estate that Erling Group's profits have been able to grow exponentially year after year.
But now...
All of a sudden, the loan reserve requirement was reduced by 75%, which is no different from canceling the mortgage.
The Ministry of Finance is going to abandon the real estate industry.
The crisis, the terrible crisis made Tomikawa Chujiro's hands tremble.
It is conceivable what kind of reaction housing prices will have once this undisclosed operation is exposed. Previously, major companies jointly responded that the Ministry of Finance was unwilling to lower interest rates, but now such a large reduction has suddenly occurred...
Tomikawa Chujiro already understands why.
This is setting up a buffer zone. Currently, real estate prices have stagnated. If the news of lowering mortgage reserve requirements spreads, you don't have to think about what the consequences will be.
Residents will give priority to disposing of their properties, the performance of real estate companies will hit a freezing point, and listed real estate companies will face huge selling in the market. Given the weight of real estate companies in the securities market, it is likely to trigger a series of uncontrollable chain effects.
Lowering interest rates to release some liquidity will create a buffering effect.
But, will this buffer zone really work?
Tomikawa Chujiro didn't know.
He only knew that the real estate could not be saved.
Reluctance, doubt, fear.
But in the end, Tomikawa Chuujiro could only sigh.
NTT was listed in the first two years. On the first trading day, it soared by 400,000 yen, and by April 22, it had risen to 3.18 million yen. At that time, everyone thought that NTT was a government specializing in providing benefits to shareholders. Now, as early as
It's so broken.
With a drop of 40%, those retail investors who subscribed have become NTT's takers.
"hehe!"
Tomikawa Chuujiro laughed unconsciously to himself, and he recited silently in his heart.
"Escape for your life! Fang Slave! Run for your life, you takers of the stock market."
Compared with Tomikawa Chujiro's self-deprecation, Erling Bank President Changchun Shangshuimaru was less thoughtful.
Since the Ministry of Finance has notified major institutions first, it means that a choice has been made.
For the sake of the overall situation.
Of course, fear is also scary, but after the fear, Harugami Shuimaru picked up the phone on the table. As the adopted son of the Erling family, he had the responsibility to solve the family's problems first.
"I am Harukami."
"The real estate cannot be saved, so sell it as soon as possible..."
"hey-hey!"
"..."
After hanging up the phone, Harugami Shuimaru picked up the phone again and issued instructions to all bank supervisors.
"Stop all real estate-related loans. You heard it right, it's everything. Bagaya, don't you understand? It's all mortgage loans. Do as I say."
"..."
There is never a secret in the world.
The day after the Ministry of Finance's non-public execution documents came out, those who should know naturally knew about it. Of course, everyone knew about the publicly executed documents.
Thirty-sixth floor of Hikawa Building, Chuo-ku, Tokyo.
Shen Jiannan put his legs straight on the desk, shaking the rotating chair under his butt from time to time.
Lowering the interest rate to 2% would be really interesting.
At this time, Yasuno Ichijue lowers the interest rate, unless...he wants neon to explode in place.
This is definitely not the reason.
Ichiju Yasuno wandered around the Northeast when he was young. This kind of guy only wants to make the empire strong, so there is only one possibility. Now he has no choice but to abandon his car and protect his soldiers.
Shen Jiannan raised his eyebrows involuntarily.
Neon is a complex full of contradictions. Most of the time, they act cautiously, conservatively, and prudently, but sometimes they can become hysterical and extremely crazy. Once the madness ends, they will return to their true nature.
As a defeated country, Ichiju Yasuno should have realized something.
Shen Jiannan picked up the cigarette from the table, took a puff and turned it over casually on the table.
On the table are newspapers from all major media.
There are both local ones from Neon and those from major media organizations around the world.
What’s interesting is that many media reprinted Li Xiaoxiao’s article and even printed the cover intact.
But Shen Jiannan made no arrangements for this matter at all.
"You really want to use me as a gun!"
As the first initiator of the plan, Shen Jiannan didn't have any clues in his heart.
Obviously, someone wanted to bet against Neon and used him as a weapon. If there was no arrangement behind the media, it would be impossible for them to reprint Li Xiaoxiao’s article.
It's definitely not the Neon Man himself, no... it's possible that the Neon Man is too.
But what does it matter?
Anyway, it was Li Daxia who was scolding him, so he probably didn’t care.
Breathing out a puff of smoke, Shen Jiannan glanced at the computer monitor on his desk.
The slightly dim and dazzling computer displayed red and green K-line charts.
ose Nikkei 225.
It can be seen that from February until now, the Nikkei index has been ranked between 26,000 and 27,500 after rebounding.
In this regard, market experts believe that Ichiju Yasuno's district leverage plan has stabilized the market, and the neon economy has repaired previous deviations.
Everyone knows that if the Zhuan family can be trusted, then there is something wrong with them.
After extinguishing the half-filled cigarette in his hand, Shen Jiannan picked up the encrypted satellite phone and dialed.
Chapter completed!