How strong was neon in 1991?

Very strong, number one in the world.

The per capita GDP exceeds that of the United States, and the total GDP accounts for 13% of the world.

The loose monetary policy has resulted in abnormally sufficient currency liquidity. Note that it is abnormally sufficient, not generally sufficient. There are too many Japanese yen, which is flooding, and the Japanese yen is still a strong currency in the foreign exchange market.

The Japanese yen has surpassed the US dollar to become the largest reserve currency of various countries.

What is the dollar?

It is the core factor that enables the United States to rank as the first powerful country.

Now, it has been replaced by the Japanese yen.

Is this a good thing?

If it were a superpower like the United States, it would be a good thing, but for Neon... losing the qualification to be the world's enemy is no different from being grilled in the crater of a volcano.

Tokyo, Ministry of Finance Central Office District.

Ichijue Yasuno couldn't help but close his eyes as he looked at the report in his hand.

The situation in Siberia is out of control, and now a final choice must be made. The number of yen in the market must be reduced, otherwise... Ichige Yasuno misses the days of his youth and waits for him to open up again

Eyes, yellow eyes full of determination.

No. 5.17.

The Ministry of Finance has decided to reduce the mortgage loan ratio by 75%.

Executed publicly.

When the major media received the news and exposed it, the whole neon was boiling.

Even people who don’t understand economics know what this means. Seventy-five percent is almost equivalent to a complete cessation of housing loans.

On the streets of Tokyo, Umekawauchi felt a chill all over his body while holding the newspaper in his hand.

He knew he was finished.

Restricting housing loans is equivalent to cutting off the source of funds flowing into real estate. Without the continuous supply of funds, how can housing prices continue to rise?

No, it's not that it won't rise.

will collapse.

Without capital support from banks, who can afford the current housing prices?

As if going crazy, Umekawa Uchiku ran towards the house transaction agency.

Sell, sell.

You want to sell your house as quickly as possible at any cost.

As said in "The Crowd", people's IQ will be greatly reduced in a group, so upward or downward economic fluctuations will inevitably lead to a herd effect, and the final result will be overcorrection.

When one person realizes that house prices are going to fall, countless people realize that house prices will fall.

When one person thinks about selling a house, everyone thinks about selling a house.

Tokyo, Osaka...

Everyone who received the news rushed to the real estate agency like crazy.

Sell, sell your house as soon as possible.

Cursing, praying... Under Neon's unique belief, the gods and ghosts in the sky are being chanted.

Tokyo Chuo-ku, Anji real estate agency.

A dense crowd surrounded the door of the real estate agency. There were successful people in suits and leather shoes, working-class people wearing work clothes, and market vendors wearing leather aprons and water shoes that they didn't even have time to change into.

People have forgotten humility, etiquette, and the education they have received since childhood, and their hearts are full of panic that has never been experienced before in an earthquake.

Sell, you can only survive by selling your current house, otherwise you will have nothing waiting for you.

Outside the crowd, looking at the crowd that was so dense that it was impossible to squeeze through, Umekawauchi's heart sank to the bottom.

His only sense told him that with so many people selling a house together, no one would be interested in the house, even if it was discounted and discounted.

"Escape for your life! Fang Nujun!"

"Run for your life! Don't let the mortgage loan break your back."

Umekawauchi smiled unconsciously and collapsed to the ground.

Once upon a time, he even satirized those common people who were not even worthy of being house slaves, but now...

The market is conductive. When a problem occurs in one market, its transmission mechanism will transmit the crisis to another market.

From 1955 to 1990, Neon's stock price increased one hundred times. At its peak in December 1989, Neon's stock market value totaled US$4 trillion. This market value was one-third of the total market value of the US stocks Dow Jones and Nasdaq.

Point five times.

How crazy is that?

Nearly 45% of the total market capitalization of global capital markets.

As the stock market rises, a large number of companies can complete financing in the stock market, and their demand for banks is getting smaller and smaller. But this is very unfavorable to banks. The assessment of banks is the loan interest rate.

Then small and medium-sized enterprises and individual businesses naturally become their target customers.

Banks are an integral part of the capital market. As the source of capital, considering customer quality is naturally the first choice. If you are poor, getting a loan is always a luxury.

Real estate developers are naturally the bank's largest and best customers.

From 1956 to 1986, Neon land prices increased fifty-fold, while commodity prices only increased four-fold. This means that there is no more hard-core company than real estate developers, and there is no more hard-core company than the people who own houses.

of quality customers.

As a result, from 1985 to 1989, Neon Bank's loan scale expanded by 43%, of which real estate loans doubled.

According to statistics from the Ministry of Finance, the inflow of real estate funds was 120 trillion yen, half of which came from banks. In 1991, Neon's GDP was only 462 trillion yen.

This is the theoretical logic of the market’s transmission mechanism.

Osaka.

"Boss. Today's newspaper!"

As soon as he arrived at the company, William excitedly rushed to Shen Jiannan's office with a newspaper.

"Yomiuri Shimbun", Neon's largest newspaper.

Headlines.

Photo by Yasuno Ichige.

Content, in order to curb speculators' speculation and stabilize the economy, the Ministry of Finance has decided to reduce the mortgage loan ratio by 75%...

After reading the newspaper, even Shen Jiannan, who was indifferent, couldn't help but feel happy.

After waiting for so many days, what was supposed to come finally came.

However, there was no trace of that on this guy's face. He casually returned the newspaper to William and said calmly.

"Look how excited you are!"

William blinked. He was not as excited as he had imagined, which made him confused for a moment. After waiting for a moment, he said excitedly.

"Boss, did you see clearly that the Ministry of Finance decided to reduce the mortgage loan ratio by 75%?"

"It's not like you don't know."

"This is different, this is public..."

William hadn't finished what he said. With Shen Jiannan's understanding of the market, how could he not understand what this meant.

An uncontrollable awe arises spontaneously.

It is not only awe of the strong, but also awe of the heart.

Mount Tai collapsed before him without moving.

But there are a few people in this world who can really do it.

After being on the exchange for so long, William has never seen anyone with more capital than Shen Jiannan. In Neon, the most indispensable thing is rich people.

But... no matter whether it is Mitsui, Mitsubishi or Suyou, there has never been a person like Shen Jiannan who did not react at all in the face of huge wealth.

Maybe, there will never be anything in this world that can move the boss.

"Boss!"

Tokyo, Stock Exchange.

The huge trading screen reflected a faint fluorescent light, and the traders on the floor and the surrounding retail investors were all staring closely at the monitor in the central area.

In the market, there is no longer the hustle and bustle of the past, it is like deathly silence, and people's faces are full of contradictory looks of despair and hope.

Everyone can imagine what kind of changes such big news will bring to the market.

At eight o'clock sharp, the stock market officially opened.
Chapter completed!