Minato, the underground parking lot of the Tokyo Security Credit Union credit building
Miyashita Kita came out of the elevator leading to the underground parking lot, frowned slightly, and got into his own car
There are only four cars in the huge parking lot. Except for the car of Miyashita Kita, the remaining three of his bodyguards belong to him. In other words, this underground parking lot is empty. Of course, it is not just this underground parking lot. In the next few days, the 12-story building will be empty.
The convoy slowly started and drove out of the parking lot along the guide line. When he was driving onto the main road, Miyashita Kita turned his head and glanced at the building behind him.
The building with full glass walls looks very grand, but lacks vitality. The big billboard belonging to the Security Credit Union is hanging by a cable and slowly descending from the top of the building. Opposite the street, several young girls in black professional dresses are gathered together and crying. They are staff members of the Tokyo Security Credit Union.
Just this morning, the Tokyo Security Credit Alliance, a financial institution that has been established for decades, finally declared bankruptcy. Together with it, the Tokyo Union Credit Alliance was also bankrupt. With the bankruptcy of these two financial institutions, hundreds of billions of assets have also evaporated. As for the debts and surplus assets involved in the two financial institutions, Changxin Bank and Yamato Bank will take over.
Considering that the two bankrupt financial institutions have long been insolvent, in order to digest their debts, the Bank of Japan will provide 370 billion yen in support funds to Changxin Bank and Yamato Bank, which have undertaken the two financial institutions.
Nowadays, the decision-making in Japan's Tripitaka Province is very difficult, and various problems are intertwined. Any policy introduction is difficult to solve all problems in a package, and it can only worsen the problem.
In recent times, the trend of the yen appreciation has been very obvious, and it has had a significant impact on industrial exports. A series of startup companies have gone bankrupt. If you want to change this situation, it is the best choice to promote the depreciation of the yen.
But at the same time, the Japanese government is restricted by the United States internationally, and it is difficult to promote the depreciation of the yen through corresponding means.
In fact, even without the constraints of the United States, it is not so easy for the yen to depreciate, because after the previous five interest rate cuts, the domestic interest rate in Japan has dropped to its historical lowest point, and has even become the lowest international interest rate. Therefore, there is very limited room for Japan to lower interest rates.
In addition, the Japanese government has lowered the discount rate nine times. At present, the discount rate has been lowered to 0.5% rare in international history. The possibility of continuing to lower the discount is slim.
The worst thing is that because the ultra-low interest rates and discount rates will trigger financial expansion. Enterprises and individuals want to borrow more loans, and the banking industry also wants to invest more to increase profits. The reality is that because the domestic economy is in a recession, coupled with the extremely high bad debts of banks, the entire financial industry has put the entire financial industry at a high risk. If you continue to allow financial expansion, it is easy to cause an avalanche financial crisis.
These almost contradictory economic recession phenomena gather together actually indicate the arrival of long-term economic stagflation, and the initial stage of economic stagflation is also the most difficult period.
In order to save the precarious financial industry and to guide and revitalize the economy, the Tripitaka Province finally reached an agreement with the central bank to adopt a new rescue strategy: to guide those small and medium-sized financial institutions with serious problems to bankrupt, and to use public funds to support those large financial institutions with slightly smaller problems.
Whether such a strategy is feasible is unknown, but one thing we already know is that for banks like Changxin and Yamato, the injection of public funds is undoubtedly a feast.
As the successor of Akamoto's position in Nagashima Bank, although Miyashita Kita does not participate in the specific affairs of the bank, with his personal shares, he will receive annual dividends of more than 40 million yen this year.
On the other hand, the bankruptcy of the Tokyo Security Credit Union and the Union Credit Union has thrown more than 4,000 employees into the army of unemployed people. In the current economic downturn, whether these people can find a job will become an unknown number.
The sad thing about ordinary people is that they don’t know anything. The company they work for is bankrupt and their livelihood has no source. Most people will not consider deep-seated reasons. Of course, they will not attribute the reasons to a certain policy formulated by the state. They will only complain that they are too unlucky and their fate is too bumpy. However, they do not know that some of the 40 million year-end dividends that a person receives should have belonged to them.
People should actually believe in fate, but this fate is not given by a god that exists in the dark, but brought by the entire human society in operation.
Disease, poverty, unemployment, getting rich, etc., these factors are actually related to the operation of this society.
Is it really because of a person’s physical condition that a person has cancer?
Are junk food, water pollution, and air pollution related to this?
I stocked dozens of tons of pork, but the price of pork suddenly surged. Is it related to the changes in the supply and demand relationship of the entire society?
I had tens of thousands of chickens, but because of the arrival of a bird flu, a chicken could not be sold and could only be buried in the ground as fertilizer. Is this not related to social supply and demand?
Of course, saying this is not to provide excuses for complaining about the world, but to say that as a person, when looking at problems, you need to think divergently and distinguish between macro and micro.
When the convoy drove out of the port area and entered Roppongi, the streets began to become congested. The marching team blocked the streets. Looking through the car window, you can see a group of young people wearing student uniforms burning the American flag on the side of the street.
Miyashita Kita rubbed his forehead, feeling helpless, he felt that he was also fooled by fate.
During this period, the cabinet is considering the issue of liberalization of agricultural products markets. Although the bill has been passed, the cabinet still needs to make a decision on how to do the liberalization work. Specifically, it is how to distribute the four agricultural products in coordination and distribution.
According to the urinary nature of Americans, they naturally hope to take all these quotas, and at the same time, they will not give you any benefits.
But the Japanese government obviously cannot do this. They need to use these quotas to trade. For example, how much rice do I import you and how much tariffs do you lower on electronic products for me.
This is a business, and no one can do it if you only pay but not gain.
In order to deepen the cooperative relationship with Dunn, Kita Kita has also been lobbying recently to strive to tilt towards the results Dunn wants to see on the issue of import quotas. But at this critical point, the Sada Kei incident broke out again, which triggered an anti-Japanese wave across Japan.
The Sagita Kei incident actually happened last month. As an international student, Sagita Kei went to New York, USA. As a result, because he had just arrived in the United States, he didn't understand the temper of the Americans. In order to ask for directions, he entered an American's yard and was shot and killed.
Over the past period of time, major Japanese media have been paying attention to this matter. Two days ago, the New York District Court trial result came out and the murderer was acquitted.
The news came back to Japan, and the entire Japanese society exploded. Because of the cultural differences between the two countries, the Japanese could not understand this punishment. Therefore, large-scale anti-US marches broke out in dozens of cities across Japan, from south to north. Everyone believed that this was Americans discrimination against Japanese people and was racial discrimination.
This wave of anti-American wave came too suddenly. In fact, no one expected that the final verdict would be the acquittal of the murderer, so he was not prepared at all.
There is no doubt that this sudden anti-US heat wave also had a great impact on the plan of Kita Kitan. Under such circumstances, even if the lobbying efforts he made were great, the cabinet would have completely stood on his side, and the economic and trade policy that was biased towards the US side would not be implemented with great fanfare.
What's more serious is that with the passage of decisions on some open agricultural product markets, Australia, Thailand, Indonesia, China, etc., all of these countries have received news and they are also doing related work.
The cars were moving slowly on the streets. Although there were parades outside, no one came to harass the vehicles moving forward. In Japan, it should be said that it was within the traditional Confucian boxing in East Asia. People were still very restrained in the demonstrations. There were few situations such as smashing, looting and burning.
It took nearly half an hour before the convoy got rid of the demonstration team. At this moment, the car-mounted telephone inside the North Guardian car rang.
Liang Jiaxun held the phone in his hand, answered it, and without saying a word, he handed the phone to the north of Gongxia and said: It's Mr. Deng'en
Miyashita Kita nodded and took the phone
Mr. Dunn? I am Akamoto, put the receiver in my ear and Miyashita Kita said
Ha, Achimoto-kun, my friend, guess where I am now? On the phone, Dunn laughed loudly
Just as he was saying this, Kita Kitani of Miyashita clearly heard a whistle sound from the phone. The sound was the sound of the whistle of the ship.
It's not in Japan, right? He smiled and said Miyashita Kita
Guessing right, Dunn smiled, I'm in Tokyo Harbor, well, I got off the plane an hour ago
Why not say hello in advance? Miyashita Kita asked
It's not too late now, Dunn smiled and said, "Do you have time?" My friend, I think we should meet and have a good chat."
Where is it? Miyashita Kita asked briefly
Just in Tokyo Harbour, Dunn said, you can arrange the time you have at hand first. I think it may take up a day or two.
Miyashita Kita came out of the elevator leading to the underground parking lot, frowned slightly, and got into his own car
There are only four cars in the huge parking lot. Except for the car of Miyashita Kita, the remaining three of his bodyguards belong to him. In other words, this underground parking lot is empty. Of course, it is not just this underground parking lot. In the next few days, the 12-story building will be empty.
The convoy slowly started and drove out of the parking lot along the guide line. When he was driving onto the main road, Miyashita Kita turned his head and glanced at the building behind him.
The building with full glass walls looks very grand, but lacks vitality. The big billboard belonging to the Security Credit Union is hanging by a cable and slowly descending from the top of the building. Opposite the street, several young girls in black professional dresses are gathered together and crying. They are staff members of the Tokyo Security Credit Union.
Just this morning, the Tokyo Security Credit Alliance, a financial institution that has been established for decades, finally declared bankruptcy. Together with it, the Tokyo Union Credit Alliance was also bankrupt. With the bankruptcy of these two financial institutions, hundreds of billions of assets have also evaporated. As for the debts and surplus assets involved in the two financial institutions, Changxin Bank and Yamato Bank will take over.
Considering that the two bankrupt financial institutions have long been insolvent, in order to digest their debts, the Bank of Japan will provide 370 billion yen in support funds to Changxin Bank and Yamato Bank, which have undertaken the two financial institutions.
Nowadays, the decision-making in Japan's Tripitaka Province is very difficult, and various problems are intertwined. Any policy introduction is difficult to solve all problems in a package, and it can only worsen the problem.
In recent times, the trend of the yen appreciation has been very obvious, and it has had a significant impact on industrial exports. A series of startup companies have gone bankrupt. If you want to change this situation, it is the best choice to promote the depreciation of the yen.
But at the same time, the Japanese government is restricted by the United States internationally, and it is difficult to promote the depreciation of the yen through corresponding means.
In fact, even without the constraints of the United States, it is not so easy for the yen to depreciate, because after the previous five interest rate cuts, the domestic interest rate in Japan has dropped to its historical lowest point, and has even become the lowest international interest rate. Therefore, there is very limited room for Japan to lower interest rates.
In addition, the Japanese government has lowered the discount rate nine times. At present, the discount rate has been lowered to 0.5% rare in international history. The possibility of continuing to lower the discount is slim.
The worst thing is that because the ultra-low interest rates and discount rates will trigger financial expansion. Enterprises and individuals want to borrow more loans, and the banking industry also wants to invest more to increase profits. The reality is that because the domestic economy is in a recession, coupled with the extremely high bad debts of banks, the entire financial industry has put the entire financial industry at a high risk. If you continue to allow financial expansion, it is easy to cause an avalanche financial crisis.
These almost contradictory economic recession phenomena gather together actually indicate the arrival of long-term economic stagflation, and the initial stage of economic stagflation is also the most difficult period.
In order to save the precarious financial industry and to guide and revitalize the economy, the Tripitaka Province finally reached an agreement with the central bank to adopt a new rescue strategy: to guide those small and medium-sized financial institutions with serious problems to bankrupt, and to use public funds to support those large financial institutions with slightly smaller problems.
Whether such a strategy is feasible is unknown, but one thing we already know is that for banks like Changxin and Yamato, the injection of public funds is undoubtedly a feast.
As the successor of Akamoto's position in Nagashima Bank, although Miyashita Kita does not participate in the specific affairs of the bank, with his personal shares, he will receive annual dividends of more than 40 million yen this year.
On the other hand, the bankruptcy of the Tokyo Security Credit Union and the Union Credit Union has thrown more than 4,000 employees into the army of unemployed people. In the current economic downturn, whether these people can find a job will become an unknown number.
The sad thing about ordinary people is that they don’t know anything. The company they work for is bankrupt and their livelihood has no source. Most people will not consider deep-seated reasons. Of course, they will not attribute the reasons to a certain policy formulated by the state. They will only complain that they are too unlucky and their fate is too bumpy. However, they do not know that some of the 40 million year-end dividends that a person receives should have belonged to them.
People should actually believe in fate, but this fate is not given by a god that exists in the dark, but brought by the entire human society in operation.
Disease, poverty, unemployment, getting rich, etc., these factors are actually related to the operation of this society.
Is it really because of a person’s physical condition that a person has cancer?
Are junk food, water pollution, and air pollution related to this?
I stocked dozens of tons of pork, but the price of pork suddenly surged. Is it related to the changes in the supply and demand relationship of the entire society?
I had tens of thousands of chickens, but because of the arrival of a bird flu, a chicken could not be sold and could only be buried in the ground as fertilizer. Is this not related to social supply and demand?
Of course, saying this is not to provide excuses for complaining about the world, but to say that as a person, when looking at problems, you need to think divergently and distinguish between macro and micro.
When the convoy drove out of the port area and entered Roppongi, the streets began to become congested. The marching team blocked the streets. Looking through the car window, you can see a group of young people wearing student uniforms burning the American flag on the side of the street.
Miyashita Kita rubbed his forehead, feeling helpless, he felt that he was also fooled by fate.
During this period, the cabinet is considering the issue of liberalization of agricultural products markets. Although the bill has been passed, the cabinet still needs to make a decision on how to do the liberalization work. Specifically, it is how to distribute the four agricultural products in coordination and distribution.
According to the urinary nature of Americans, they naturally hope to take all these quotas, and at the same time, they will not give you any benefits.
But the Japanese government obviously cannot do this. They need to use these quotas to trade. For example, how much rice do I import you and how much tariffs do you lower on electronic products for me.
This is a business, and no one can do it if you only pay but not gain.
In order to deepen the cooperative relationship with Dunn, Kita Kita has also been lobbying recently to strive to tilt towards the results Dunn wants to see on the issue of import quotas. But at this critical point, the Sada Kei incident broke out again, which triggered an anti-Japanese wave across Japan.
The Sagita Kei incident actually happened last month. As an international student, Sagita Kei went to New York, USA. As a result, because he had just arrived in the United States, he didn't understand the temper of the Americans. In order to ask for directions, he entered an American's yard and was shot and killed.
Over the past period of time, major Japanese media have been paying attention to this matter. Two days ago, the New York District Court trial result came out and the murderer was acquitted.
The news came back to Japan, and the entire Japanese society exploded. Because of the cultural differences between the two countries, the Japanese could not understand this punishment. Therefore, large-scale anti-US marches broke out in dozens of cities across Japan, from south to north. Everyone believed that this was Americans discrimination against Japanese people and was racial discrimination.
This wave of anti-American wave came too suddenly. In fact, no one expected that the final verdict would be the acquittal of the murderer, so he was not prepared at all.
There is no doubt that this sudden anti-US heat wave also had a great impact on the plan of Kita Kitan. Under such circumstances, even if the lobbying efforts he made were great, the cabinet would have completely stood on his side, and the economic and trade policy that was biased towards the US side would not be implemented with great fanfare.
What's more serious is that with the passage of decisions on some open agricultural product markets, Australia, Thailand, Indonesia, China, etc., all of these countries have received news and they are also doing related work.
The cars were moving slowly on the streets. Although there were parades outside, no one came to harass the vehicles moving forward. In Japan, it should be said that it was within the traditional Confucian boxing in East Asia. People were still very restrained in the demonstrations. There were few situations such as smashing, looting and burning.
It took nearly half an hour before the convoy got rid of the demonstration team. At this moment, the car-mounted telephone inside the North Guardian car rang.
Liang Jiaxun held the phone in his hand, answered it, and without saying a word, he handed the phone to the north of Gongxia and said: It's Mr. Deng'en
Miyashita Kita nodded and took the phone
Mr. Dunn? I am Akamoto, put the receiver in my ear and Miyashita Kita said
Ha, Achimoto-kun, my friend, guess where I am now? On the phone, Dunn laughed loudly
Just as he was saying this, Kita Kitani of Miyashita clearly heard a whistle sound from the phone. The sound was the sound of the whistle of the ship.
It's not in Japan, right? He smiled and said Miyashita Kita
Guessing right, Dunn smiled, I'm in Tokyo Harbor, well, I got off the plane an hour ago
Why not say hello in advance? Miyashita Kita asked
It's not too late now, Dunn smiled and said, "Do you have time?" My friend, I think we should meet and have a good chat."
Where is it? Miyashita Kita asked briefly
Just in Tokyo Harbour, Dunn said, you can arrange the time you have at hand first. I think it may take up a day or two.
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