Reborn in Hong Kong: The Tycoon Grows Up
Chapter 1715 Bank raises interest rates 2
On the one hand, Japan's manufacturing industry continues to slump, but on the other hand, the stock market and property market are booming. Can Japan really develop its economy by relying on the stock market and property market? It seems impossible if you think about it! As an island country established under a maritime civilization, Japan has almost zero local resources; not to mention oil, natural gas, steel, and coal; in the era of agricultural civilization, it is difficult to guarantee even basic food issues.
The industrial revolution gave them the opportunity to learn from Europe and Japan; not only did they graduate successfully, but in many fields they even became better than their masters. It can be said that industrial products and ideas are used to harvest profits all over the world.
But in just a few years, the entire country has undergone tremendous changes. Many companies that produce industrial products have found that after working hard for a year, they might as well make money by buying a house. I wonder how many people can tolerate this psychological gap.
Naturally, companies began to invest in real estate, using all the funds previously used for research and development and improving production equipment to purchase real estate and stocks. After all, the purpose of developing and improving production equipment is to create profits and buy real estate and stocks; the same is true, so why bother.
So here’s the problem. As a resource-scarce country, its citizens don’t work hard and just think about making money from stocks and real estate every day. It’s hard to imagine how long it can last.
If this evil trend is not corrected, the entire country will be in crisis.
Seeing that no one spoke, knowing that they were still waiting for him to say something, Miyeyasu continued: "The Bank of Japan, as the country's central bank, must change all this. If we don't come forward, it will only make this country and nation live in lies and economy. Deeper and deeper in the bubble.”
As the Bank of Japan, of course it has the ability to change all this; just introducing some policies can have a positive effect, but there are huge interests involved here, and of course some people will jump out to oppose it.
A vice president suddenly said: "President Mie, although what you said makes some sense, the appreciation of the yen has indeed increased people's wealth. Isn't this the result that everyone wants to see!"
"The current responsibility of the Bank of Japan should be to actively guide and provide support for domestic enterprises to acquire foreign assets; rather than to disrupt the situation behind the scenes."
Hearing this old guy speak, Mie Yeyasu certainly knew what he meant. The old boy is the son-in-law of the Mitsui family, and he will retire in two months. They want to protect the interests of the chaebol, but also want to be able to retire with dignity.
Not to mention two months, the Japanese economy at this moment cannot even wait two days. If you delay for a second, there may be one more person jumping down on the rooftop. The current goal is not only to save the country’s economy, but also to save people’s lives.
Before Mie Noyasu could speak, the President of the Tokyo Branch of the Bank of Japan said first: "This is indeed the case. We cannot think about what is going on at home. Japan is an island country and cannot only focus on the local market; only when wealth increases, outward expansion will be more beneficial. Advantage."
They are all spokespersons for various chaebol families, and their purpose is very obvious; Mie Noyasu must not be allowed to take any action before the family is ready.
At this time, an executive who supported Mie Noyasu said: "False prosperity will only ruin the country's future. The foundation is unstable, and even the properties purchased before will not be able to hold on."
"One more thing I don't know if you have noticed is that as the stock market and property market prices continue to rise, various financial credit companies have emerged. They take the bank's money and then sell it to second-hand dealers who speculate in real estate and stocks. Financial credit breeds When a bubble emerges, every time the bubble expands a little, financial credit will grow a little, and the two cycle will continue."
"It can be said that for many real estate and stocks, the holders themselves do not have much property; they are using small horses to pull big carts. They cannot withstand any risks at all. If there are no restrictions, more speculators will inevitably participate."
"If relevant policies were released at that time, more people would probably be unlucky. While everything is still under control, we must take action, otherwise we will be the sinners of the country and nation."
Not all Bank of Japan are representatives of chaebols, and most of their senior executives are from civilian backgrounds. Of course, he is aware of the twists and turns here, and coupled with the prestige that Mieye Yasu has always established; many executives began to support his point of view. In response to the economic bubble, the Bank of Japan must take action.
This is the result that Mie Yeyasu wants, and he has already thought about it; at worst, he will be dismissed. But compared with the future of the country and the happiness of the people, personal gains and losses are nothing.
After unanimous approval, no one can leave. Begin to discuss the extent of interest rate hikes and formulate relevant policies.
In fact, there is another key point, and that is the worry of leaks; not to mention the Bank of Japan, even ordinary companies have a very complicated personnel structure. Especially there are some representatives of the chaebol family, knowing that they will offend them; but at this time, Mie Yeyasu can't take care of so much, and can only go to the dark side.
Just when the Bank of Japan was under closed management, in a villa in Tokyo; a young man and an older woman were chatting.
The young man is not tall, but he is pretty and pretty; as for the older woman, she is very well-maintained.
If the richest man Bao were here, he would be no stranger to young men; it was Miyuki Matsushita's husband Toyofumi Mitsui who had some connections with him. As for the woman being none other than her, there is no question of taste; she is Mitsui Yuri, Mitsui Toyofumi's aunt. The husband had sensed something was wrong before and specifically told his wife that if she did not come back at night, she must inform the Mitsui family without delay.
Before and during World War II, the Mitsui Zaibatsu ranked first among Japan's four major chaebols.
Although it was forced to disband after the war, after decades of development, the Mitsui family regrouped and regained control of its 25 companies. Its core companies include Sakura Bank, Mitsui \u0026 Co., New Oji Paper, Toshiba, Toyota Motor, Mitsukoshi, Toray, Mitsui Fudosan, etc. The consortium has advantages in industries such as chemical engineering, heavy machinery, integrated electrical machinery, automobile manufacturing, real estate, nuclear power generation, semiconductors, medical and office electronic equipment.
Japan is an absolute giant company, not only in Japan but also in the entire world.
Such a chaebol family will definitely seek a spokesperson; the Bank of Japan, as the central bank, certainly cannot let it go.
However, like a spokesperson, it is impossible for you to marry your legitimate daughter; people must clearly understand their identity at all times. So Yuri Mitsui, a collateral descendant, married the youngest department manager of the Bank of Japan.
With his own abilities and family support, he has now become the vice president of the Bank of Japan. If not for other reasons, running the Bank of Japan is not out of the question.
Japan is very good about this. Even if the woman is of noble birth, she does not dare to look down on her husband. What's more, Mitsui Yuri is just a sideline of the family, and her husband's ability is not bad, so there is no such thing.
I went out to work overtime this morning and immediately became alert. If you don't come back at night, you must report it to your family; you don't dare to neglect what your husband has told you.
That's why Toyofumi Mitsui personally visited and asked for specific details.
Mitsui Toyofumi said very seriously: "Aunt, please remember carefully what my uncle said when he left in the morning."
Although Mitsui Toyofumi is a direct descendant, he even has great hope of becoming the family patriarch. But when facing elders, you still need to have the necessary respect; otherwise, you will give people the impression of being arrogant and disrespectful of your elders; then let alone the patriarch, it will be difficult for you to live a good life in the future.
The reason why the Mitsui family can be passed down for 400 years is because there are many rules; otherwise, they would have perished many times.
Yuri Mitsui thought for a while and said: "He said that Bank of Japan President Yasushi Miejeno should make big moves, but it is still unclear what they will be. But there are internal reports that he has expressed concerns about the continued surge in Japan's domestic stock market and property market."
"It will be a matter of time for the Bank of Japan to take concrete actions; it's just that the time is not completely determined yet. But when I left home this morning, I repeatedly emphasized that if I didn't go home in the evening, it means that the Bank of Japan will take action; it must be notified as soon as possible. Family, please respond early."
Hearing this, Mitsui Toyofumi certainly understood what it meant. This uncle's ability and judgment are definitely not bad, otherwise he would not be able to marry the daughter of the Mitsui family.
He felt something was wrong before Blackstone Fund began to sell off its assets in Japan. Regarding Bao Zixuan, a lot of research has been done. After all, his wife had an ambiguous relationship with him; although in the end, it was all caught up in the media. But it may not be without reason. Men are not generous in this regard. Of course, they have to find out what is going on.
The two of them had some interactions, but there was no real relationship; they couldn't make a few friends, so in the end they could only choose to forget about it. However, as the investigation progressed, many unknown stories were discovered; including two companies, Black Cloud Group and Blackstone Fund.
Therefore, as soon as Blackstone Fund started selling Japanese assets, Toyofumi Mitsui got the news. But he didn't pay much attention to it. In his opinion, it was normal for the other party to make money and run away; after all, he was not Japanese, so he couldn't have a strong sense of belonging. Now that you are making money, and the amount is not small, of course you will have various worries.
But then I realized that things were not that simple; Bao Zixuan didn't want to run away, but got some news.
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