Reborn in Hong Kong: The Tycoon Grows Up

As the country's central bank, the Bank of Japan's domestic status goes without saying; its influence is unparalleled. As soon as I got to work on Monday morning, major newspapers received news that the Bank of Japan was about to hold a press conference, bluntly stating that it had a major decision to announce.

Everyone with a discerning eye knows the rising stock and property markets; the Bank of Japan will definitely take action, otherwise the situation will be difficult to control. At this time, ordinary people cannot buy a house even if they spend two lifetimes of savings; such a life is not happy at all.

The people are the cornerstone of a country, and a country cannot be made up entirely of elites; otherwise, no one will obey anyone, and chaos will ensue. But in the hearts of those with vested interests, how can they care about whether people's lives are happy? Now that the Bank of Japan is finally taking action, it is worth looking forward to.

After all, although there are many home buyers, their proportion in the entire country is not very large.

Mie Yeyasu had just put down the phone; his old boss, the former president of the Bank of Japan, and the then Finance Minister Satoshi Sumita had just called him and asked about the specific situation; both inside and outside his words were not very satisfactory. After all, it was during Satoshi Sumita's tenure at the Bank of Japan that the domestic property and stock markets began to soar.

Moreover, Satoshi Sumita was responsible for several interest rate cuts. Within a few days of taking office, he tried to overturn the established policies and guidelines of his predecessor. This is definitely a taboo in the workplace.

But Mie Yeyasu knew that for Japan to have a future; he had no choice.

He directly rejected Sumita Satoshi's request, saying that he is now in charge of the Bank of Japan; and that the policies formulated are in line with the domestic economic situation.

Of course Sumita Satoshi knew what kind of character Mie Yeyasu was; he knew that he couldn't persuade him, so he had no choice but to give up! Advise him not to go too far, lest it end badly. It has become inevitable for banks to raise interest rates, so they can increase it a little less to allow the stock and property markets to slowly return to rationality.

It's just that he is destined to be disappointed. Mie Yeyasu knows that he may be removed at any time; how can he take a moderate approach.

At 8:30 a.m., the press hall of the Bank of Japan was already crowded with people. Although it had only been half an hour, the media who received the notice immediately dispatched elite troops; no one wanted to miss this opportunity.

The Bank of Japan has not made any big moves for a long time, but today it pays so much attention to it; the most important thing is that suddenly, everyone realizes that things are not that simple.

When Mie Yeyasu came to his own position, he had to make a quick decision to achieve a fait accompli. If you delay at a press conference, you're likely to be blocked. Although the chaebol family dare not directly interfere with the Bank of Japan's operations and policy promulgation; they are also worried that someone will jump over the wall and involve huge profits; no one can remain indifferent and let others slaughter them.

I know there are reporters on the way, but I don’t want to keep waiting; I must let the whole world know about the Bank of Japan’s interest rate hike policy before the stock market opens.

Mie Yeyasu said directly into the microphone: "Dear journalists, good morning, everyone! The Bank of Japan will have a major decision to announce today, and I will not be interviewed by anyone."

"As for subsequent interviews, you can contact the Bank of Japan's press department; specific arrangements will be made based on the situation."

The tone is immediately set at the beginning, and it is not difficult to see from this that Mie Noyasu is full of courage.

Although he had many questions to ask, he also knew what kind of personality the other party had; the reporter did not hesitate, thinking that it would be better to listen to what the other party had to say before deciding on the next move.

Mie Noyasu is also very direct. He can only bear the blame for this matter, and only he can bear it. Even if he is held responsible or retaliated later; he can just bear it alone. As for our employees, we still need to protect them as much as possible; they are the future of the Bank of Japan. As long as the country's economy is on the right track and combined with the diligence and creativity of the Japanese people, it will soon be able to regain its glory.

The reporter was not given time to think. Since the decision has been made, it must be implemented in place.

Mie Yeyasu said very seriously into the microphone: "Since the 1960s, Japan has surpassed the Federal Republic of Germany to become the actual second largest economy; the domestic economy has always been developing at a high speed."

At present, in Japan, people generally believe that housing prices will rise sharply in the future. As the yen began to gradually appreciate, people's purchasing power increased, and they began to invest in real estate.

At this moment, the real estate speculation boom in Japan has caused housing prices to keep rising; and the higher the housing prices rise, the more Japanese people are attracted to invest in real estate. Like a snowball, the real estate bubble is getting bigger and bigger.

"A large number of company employees are afraid that they will miss the opportunity to get rich, so they will invest in real estate as long as they have a little savings; farmers in rural areas have also begun to take bank loans to buy houses with their money."

"In my opinion; this is a very dangerous thing; the reason why Japan's economic strength continues to grow stronger is because its industrial strength has grown stronger. One of the core roles of the Bank of Japan is to provide convenient conditions for the development of the real economy; only by actively Developing the real economy such as industry and agriculture is the foundation of a country's economic development, and the Bank of Japan should continue to follow this truth."

"After careful consideration, the Bank of Japan has decided to raise interest rates; the current real estate loan interest rate will be raised from 2.5% to 6%; and it will be implemented starting today."

"The interest rates for real industrial loans will remain unchanged; however, loans will be strictly reviewed; only companies that are sure to use the loans for research and development and expansion of operations can enjoy the existing interest rates."

There is no beating to death with a stick, which means that there is room for relaxation; it cannot be heard from Mie Noyasu's words that the Bank of Japan wants to take action on the real estate market. But at the same time, it also shows support for the real economy, otherwise the loan interest rate will not be kept unchanged.

As for the strict review, it is quite normal. After all, there is a loan interest rate difference; if it is taken advantage of by someone with intentions, they will take out loans in the name of business operations and continue to speculate in real estate; then it will be meaningless for the bank to raise interest rates!

After speaking, he left the press hall directly without giving reporters a chance to ask questions. There is still a lot of work to be done next, at least to give an explanation to the senior management.

Many reporters at the scene immediately became nervous. The bank's interest rate hike will not only be reflected in the real estate sector; the stock market will react even more strongly. The purpose of the Bank of Japan is obvious, which is to intervene in the stock and property markets through administrative means. An increase in loan interest rates means that deposit interest rates will also increase accordingly; then people will have more choices.

The funds previously deposited in the bank felt meaningless; the annual interest was pitiful. Utilizing funds more rationally becomes a question that needs to be considered; the stock market and property market will naturally become the first choice!

Now I find that the interest rate on the deposit is not bad, and most importantly, it is very safe; not everyone in the world wants to take risks, and some people are not suitable for making quick money. The funds that previously entered the stock market and property market will inevitably be withdrawn; without financial support, and with the increase in bank loan interest rates, the stock market and property market will naturally not be much better.

The reporters who came here basically belong to middle-class families; I can’t say how wealthy they are, but they still have some money to buy a house and invest in some stocks.

Now that I heard the Bank of Japan's interest rate hike policy, I immediately felt that the situation was not good; I thought of selling all the stocks in my hands quickly, but it would be too late.

Seeing that his goal was achieved, Mieyeyasu did not stay in the press hall; although he had made it clear before that he would not accept interviews. It can only be said that Mr. President thought a little too much, and no one paid attention to him when he left; it was about wealth and life, and of course the news had to be conveyed to the family as soon as possible before ordinary people could react; if it was too late, it would be too late.

The press office of the Bank of Japan was in chaos for a moment, and everyone began to call relatives and friends to ask them to sell all stocks as quickly as possible.

Although it was only a few minutes ahead of schedule, these few minutes did not cause much damage to the property of many reporters. This is the benefit of being well-informed, and the public simply cannot envy it.

The Tokyo Stock Exchange also received news that the Bank of Japan announced an interest rate hike; things were really sudden and they were caught off guard. But now is not the time to hold intelligence personnel accountable. The only thing to blame is the lack of market prediction.

At this moment, Japan Stock Exchange President Suzuki Jubei is listening to the report of his subordinates, and he only heard a general outline on the phone; now he has directly obtained the original recording of Mie Noyasu, and the authority is absolutely unquestionable.

Although the stock market was not mentioned, when banks raise interest rates in any country, the first to be affected is the stock market. This has become an economic law, and no one can change it!

I just didn't expect that the old boy would be so ruthless and increase the bank interest rate by more than 2 times at once; this has never happened in the history of the Bank of Japan.