Reborn Xiangjiang Tycoon Growth

Chapter 1735 Bank rate hike 8

As the country’s central bank, the Bank of Japan’s status in the country goes without saying; its influence is unrivaled. As soon as I got to work on Monday morning, major newspapers received the news; the Bank of Japan is about to hold a press conference, bluntly stating that there is

Important decisions need to be announced.

Anyone with a discerning eye knows the rising stock and real estate markets; the Bank of Japan will inevitably take action, otherwise the situation will be difficult to control. At this time, ordinary people, even if they spend two lifetimes of savings, cannot buy a house; what is the use of such a life?

There is nothing to talk about happiness.

The people are the cornerstone of the country, and a country cannot be made up entirely of elites; otherwise no one will obey anyone, and chaos will result. But in the hearts of those with vested interests, how can they care whether the people's lives are happy or not? Now the Bank of Japan is finally going to take action

, is still 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 Finance Minister Satoshi Sumita had just called him to ask about the specific situation; he was not very satisfied with what he said. After all, it was Satoshi Sumita who took charge of Japan.

During the banking period, the domestic property market and stock market began to surge.

Moreover, Satoshi Sumita was responsible for several interest rate cuts. Within a few days of taking office, he tried to overturn the policies and guidelines established by 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 he formulated are in line with the domestic economic situation.

Of course Sumita Satoshi understands what kind of character Mie Yeyasu is. He knows that he can’t persuade him, so he can only give up! He advises him not to go too far, so as not to end badly. It is inevitable for banks to raise interest rates, so they can increase it a little less to make it easier for them to do so.

The stock market and property market are slowly returning 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 dispatched their best troops as soon as possible; 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 Noyasu comes to his own position, he must make a quick decision and achieve a fait accompli. If he delays at the press conference, he is likely to be blocked. Although the chaebol family dare not directly interfere with the Bank of Japan's operations and policy promulgation;

I am also worried that some people will jump over the wall in a hurry, involving huge profits; no one can remain indifferent and let others be slaughtered.

I know there are reporters on the way, but I don’t want to keep waiting; we 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 accept interviews from 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 take the blame for this matter, and he alone can bear it. Even if he is held responsible or retaliated later, he can bear it alone. As for his employees, he still has to try his best to protect them.

But 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 begins to gradually appreciate, people's purchasing power increases, and they begin 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 always 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 rate for real industrial loans will remain unchanged; however, loans will be strictly reviewed; only if the enterprise is sure that the loan will be used for research and development and expansion of operations, can it enjoy the existing interest rate."

There is no one-shot kill, 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 it will not maintain loans

Interest rates remain 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 who is interested in taking loans in the name of business operations and continuing 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. Bank interest rate hikes will not only be reflected in the real estate sector; the stock market reaction will be stronger. The purpose of the Bank of Japan is obvious, which is to intervene in the stock and property markets through administrative means. The increase in loan interest rates means that deposit interest rates

It will also be improved accordingly; then the people will have more choices.

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

Now I find that the interest rate on deposits is pretty good, and the most important thing is that 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 have previously entered the stock market and property market will inevitably be withdrawn; without financial support, adding

Bank loan interest rates will increase; the stock and property markets will naturally not fare much better.

The reporters who came here basically belong to middle-class families; I can't say how rich 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 was too late.

Seeing that his goal was achieved, Mie Noyasu 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 the president thought too much, and no one paid attention to him when he left. It was about his worth and his life.

Of course, the news must be conveyed to family members as soon as possible before ordinary people can react; if it is too late, it will be too late.

The press office of the Bank of Japan instantly went into chaos, 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 cannot envy it at all.

The Tokyo Stock Exchange also received news that the Bank of Japan announced an interest rate hike; the incident was a bit 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 Juhei 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 is 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.

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