The Kyoto Bubble Era: It started with selling off hundreds of millions of property

On April 15, 1990, just four months after the stock market bubble burst, the bad debt problems that had plagued many banks for a long time were solved through the rebounding housing market.

At the same time, the consortium's infusion of strong capital into the housing market has aroused the dissatisfaction of countless citizens. The momentum of street demonstrations is similar to that when the consumption tax was first introduced.

The upper class is singing and dancing, and the middle and lower classes are mourning all over the country at the same time. This country is walking on the edge of collapse.

Kitahara Sosuke, who was still sleeping early in the morning, was awakened by the ringing of the phone. He picked up the phone, resisted the urge to throw it away, pressed reject answer, and continued to sleep.

"Aosuke, Aosuke's phone is ringing." Kobayashi Kyoko's voice came from the quilt. She moved her body slightly and reached for her phone, but found that she couldn't touch it.

Kitahara Sosuke fell asleep again.

She sighed helplessly. In recent days, she was worried that Kitahara Sosuke would not be able to eat well, so she came here to cook and clean, and then she was forced to stay by this hateful big bad wolf.

She reached out and pushed Kitahara Sosuke who was hugging her. The latter didn't react at all, so she smiled slyly.

Kitahara Sosuke was completely awake this time.

He picked up the phone behind his head and said, "Moxi Moxi."

"Aosuke! Something big happened!"

Hashimoto Shota's voice shouted from the phone.

"Shouta? Are you getting married?" Kitahara Sosuke teased.

"It would be great if we really get married. Brother Aosuke is so funny~" A faint girl's voice came from over there, it was Ryoko Uchida.

Yes, good brother, the situation is similar.

"Go, go, busy with you, I'm talking to Sosuke about business." Shota Hashimoto let out a few cooing calls, and then changed back to his voice, "It's a really big deal! Today, Director Tsuchida will be Officially issued a notice to implement the total land limit policy in the name of the government!"

Kitahara Sosuke was shocked.

So fast!

Kitahara Sosuke, who returned to the bank, once again saw the lifeless atmosphere in the branch.

Now even the sales department downstairs is frowning.

He ran up to the second floor, and Norika Fujiwara hurriedly handed over an internal document.

"Conference room, morning meeting for financing class 1." Kitahara Sosuke waved.

Now there are only two departments left in the financing class, the financing department three and the financing department two. The first department has been completely disbanded.

The head of the second department is an older staff member parachuted in from the Osaka branch. He is thirty-six years old and has been holding a director-level position. This time Mitsuo Oshima was exiled and he filled the vacancy.

He was probably beaten severely in the branch. He was very obedient and never went against Kitahara Sosuke.

Total land amount limit policy requirements:

1. Control the increase in loans to the real estate industry below the overall loan increase;

2. Report on the implementation status of financing for the real estate industry, construction industry, and non-bank financial institutions.

This is a strong administrative guidance policy adopted in accordance with the "Basic Land Law" that "necessary measures should be taken in legal, financial and financial aspects".

The detailed rules contain countless restrictions. Simply put, they require banks to control the total amount of loans related to the real estate industry and adopt tightening policies. At the same time, they must report all existing loans and those that do not meet the regulations must be withdrawn immediately!

This is equivalent to a blow to all banks!

In order to cover their bad debts, they frantically made real estate loans for four months. Adding in the previous stock, if they want to control the total amount below the level of other overall loans, it is equivalent to asking them to take it all back!

At the same time, restrictions on new loans mean that there will no longer be new leeks entering the housing market.

The current situation is that the consortium invests money to stimulate the real estate market. Seeing the rapid rise in housing prices, the following real estate speculators, investors, and various clubs think it is profitable, and follow the consortium's footsteps into the market to speculate in real estate.

They invested all their own capital and took loans from banks to continue venture capital.

After such a huge capital injection, housing prices in the six major cities soared to shocking highs in the world.

Waiting for the consortium to stop, then the first-tier investors below will withdraw their capital one after another. The delay in information is destined to make the latest leeks harvested, and some of them will be eaten by the people.

Citizens have to buy houses because of their urgent needs and pay for these real estate speculators.

When housing prices fall, these citizens will be the biggest takers!

This was originally a perfect cycle, but what the Bank did was to limit the inflow of funds at the source.

This will cause the housing market to collapse directly!

Except for the syndicate, no one else is qualified to enter. It is conceivable that once the banks start to tighten, a large number of investors will sell their houses.

The most frightening thing is that the first wave of selling is so fierce that no one may take over!

If no one takes over this mess, it means the housing market collapses at its highest point.

Completely stuck.

Either the consortium will pay a large price to help them take over the deal, or else

"Find out how many real estate-related loans there are under the name of the financing class." Kitahara Sosuke was not in a hurry.

After the reputation of "Devil's Section Chief" spread, almost no real estate-related loans were sought for financing. Their performance plummeted, and they were all concentrated in areas that no one cared about, such as manufacturing.

Fujiwara Norika and the others looked through it and finally concluded that all real estate-related loans were "bad debt permission" accounts.

Their situation was special and they were widely implicated. Many of them were important political figures. The money could not be recovered in the first place, and Kitahara Sosuke had no control at all.

Everyone let out a sigh of relief.

They all looked at Kitahara Sosuke with admiration and respect in their eyes.

On the other side, other classrooms completely exploded.

Waves of incompetent and furious roars came out, making them laugh inwardly.

These wavering colleagues, after seeing Asano Naoto's rise again, jumped from the Kitahara camp to the president's camp.

The same policy started from the head office has completely destroyed many branches and sub-branches.

"What kind of turmoil will happen?" Fujiwara Norika looked at Kitahara Sosuke holding the document.

The efforts of the past few months have finally paid off.

After the stock market bubble burst, the housing market bubble has finally burst.

It’s just that the subsequent impact is far beyond everyone’s imagination.

"Continue to do the work at hand." Kitahara Sosuke waved his hand, and the staff of the Financing Section left the conference room in a relaxed mood.

The housing market exploded, so what?

They can neither afford to buy a house nor get a loan to those people.

Branch Head's Office.

Before Sakurai Saeko could walk out the door, she heard a loud "bang".

Naoto Asano fell to his knees directly!

Wasn’t it promised that the housing market would not collapse this year?

As long as he survives this year, he can leave the branch!

Why, at this time, the Banking Bureau would rather offend the six major consortiums than issue such an order!

Why!

He screamed in his heart.

Suddenly, there was only the figure of Kitahara Sosuke and his joking words that night.

"Naoto Asano, wait for death."