Chapter 510 Absurd
Although the Ministry of Finance jumped one percentage point at one time, directly raising the interest rate from 4.25% to 5.25%.
However, because the public is generally optimistic about land, housing prices are still rising.
At the same time, because the stock market relies on the real estate market, after more than two consecutive months of decline, the Nikkei index has now stabilized and remained around 25,000 points.
And as housing prices continue to rise, the share prices of many real estate companies have also begun to rise.
The stocks of major real estate companies such as Mitsubishi, Mitsui, and Tokyo Bussan even returned to around 30,000 points.
Seeing that the Nikkei index, which had been plummeting all the way, finally stopped falling, major banks, securities institutions, and ordinary people all breathed a sigh of relief.
Sure enough, the previous prediction was correct. The stock price cannot keep falling. It will always bottom out and rebound.
The stock market, which has now begun to recover, is the best proof of this.
At the same time, the Ministry of Finance and the Bank of Japan also breathed a sigh of relief when they saw the recovering stock market. It seemed that their previous series of tightening policies were not radical.
Those economic experts came out one after another to oppose it with alarmist rhetoric, as if Japan was about to face its doomsday.
But you see, the situation is still very good...ah, house prices are still high.
What does this mean? This means that the previous actions were too conservative.
The stock market is not the Ministry of Finance's ultimate goal; real estate is.
Since the current results are not satisfactory, let’s increase our efforts.
So in March and April, the government successively issued the "Land Basic Law" and the "Comprehensive Land Policy Promotion Outline".
These two laws strengthen control over the total land supply and control over land prices, respectively.
At the same time, limiting the total amount of bank loans for real estate is also a further restriction on land investment through financial means.
The implementation of these regulations and policies marked the first time that the Ministry of Finance began to restrict the expansion of the housing market by starting with land.
In addition to these, the possibility of imposing taxes on land is also being discussed within the government.
This is a powerful weapon, and there is no doubt that the Japanese government itself is also very cautious.
Although it has not been decided whether to implement it or not, all these actions are centered around the land.
It is not difficult to see from here that the government is determined to burst the real estate bubble.
However, a series of measures taken by the Ministry of Finance and frequent government briefings have not dampened people's enthusiasm for land.
Again, the more land is used, the less it will be. How could the land price in Japan, which is so small, fall?
As long as the Ministry of Finance's blow does not hit the pain point, the market will never give up the fat piece of meat called land.
Start with banks to limit the total amount of real estate loans?
No problem. If the bank doesn’t give me money, I’ll go somewhere else to borrow.
During this period, in addition to banks lending to the real estate industry in Japan, many private financial institutions were also doing loan business.
For example, securities companies, and private equity firms disguised as investment companies.
They may not be as strong as banks, but the total amount of private loans accounts for about 75% of the banking industry.
Therefore, the Ministry of Finance's practice of limiting the total amount of commercial bank loans did not fundamentally solve the land problem.
During this period, the total amount of money in society was actually very sufficient, because savings previously deposited in banks did not earn any interest.
Therefore, many financial institutions, including the public, are thinking about withdrawing money from banks and then looking for the next high-quality investment product.
This is also the reason why Toyota Corporation was able to easily attract a huge amount of 200 billion yen from tens of thousands of people.
Because everyone does have money, and if there is no interest if you deposit it in the bank, then just invest it.
Things like gold and art collection are all conservative old ways of doing things.
The stock market and lending business are the best tools for making money quickly, so even without banks, the real estate industry still has no shortage of funding sources.
Besides, even if the Ministry of Finance restricts commercial banks from lending to the real estate industry, are those big banks really willing to watch those huge loan businesses slip away from them?
Currently, banks in Japan are still implementing the evaluation system that gives priority to loans.
In other words, the performance evaluation of banks and related practitioners still depends on how many loan businesses they sign.
For a bank executive or branch president, if the loan amount of his department is significantly reduced, he will definitely be criticized at the board meeting.
Therefore, for the sake of performance, banks are trying to find ways to lend out the money in their vaults.
The Ministry of Finance has restrictions on real estate loans? That doesn't matter. My bank won't lend directly to real estate companies.
The word "indirectly" is very mysterious. If the real estate company cannot lend, then it should be okay for me to lend to other institutions or individuals, right?
For example, financial institutions, private investment companies, and entrepreneurial individuals.
As for where the money that flows out eventually goes, that is not something my bank can control.
Therefore, in order to lend as much as possible, many banks have relaxed their loan review process.
These include large banks such as Dai-ichi Kangyo Bank, Fuji Bank, and Industrial Bank. Even in some operations, their behavior is incredible.
…
In Umeda District, Osaka, it is still the "Huichuang" izakaya.
As the stock market began to collapse in the past few months, fewer and fewer people came here to seek advice from the fortune teller Onoue.
Against the backdrop of the Nikkei index plummeting, not to mention the witch Onoue, even the Toad God who appeared beside her was of no use.
So after several consecutive wrong predictions, some believers began to question the fortune teller Onoue.
In order to maintain her image as a "witch", Onoue had to find other ways to attract her followers.
Since I predict that the stock market is risky, I'd better say less about it. If someone asks me about it, I'll just say I'm practicing the silent meditation.
But we can't just keep silent, because over time fewer and fewer people will come here.
After much thought, Onoue finally came up with a plan to attract believers.
That is lending. No, how can you say that lending is lending to your followers? That is charity.
Because of the stock market crash, almost no one in the financial securities industry was spared and everyone suffered heavy losses.
Of course, the believers who used to gather under the goddess Onoue were also included. They were all presidents and executives of major companies.
Compared with ordinary people, they invest more and lose more.
At the last rally, someone spoke of his recent difficulties, which were nothing more than financial difficulties and need for help.
Well, now is just the right time, and the witch Onoue is planning to take advantage of this gathering to act as a money-giving boy.
Ooue Feng glanced around and locked onto a haggard-looking person in the corner.
"Takamatsu, last time you said the company needed financing to get through the difficult times?"
When the middle-aged man named Takamatsu heard Onoue Feng calling his name, he reacted immediately.
"Mr. Onoue, Taiyo Kogyo is only experiencing temporary difficulties. But don't worry , with only 3 billion yen, we will definitely turn losses into profits!"
Gao Song knelt at the table with his hands on the ground and made a solemn promise.
Under his pleading gaze, Wei Junfeng thought for a moment and then slowly nodded.
"Okay, I'll give you 5 billion yen. Please keep working hard and make sure that Daiyo Kogyo survives."
Ah…this…?
Takamatsu was stunned. I clearly asked for 3 billion yen, how come it became 5 billion yen?
However, before he could react, at the signal of Wei Junfeng, a waiter from the pub walked to the corner of the room.
There was a small pile of sheets there, and then under everyone's curious gaze, the waiter quickly lifted the sheets.
“Hiss~!”
A series of gasps sounded in the lobby.
Under the sheets were bundles of tens of thousands of yuan in bills, piled up like a small mountain in front of everyone.
"Here is 5 billion yen in cash. Take it with you when you leave later."
Ojou Feng's nonchalant voice made everyone feel dizzy.
To be honest, the amount of money they handled was not small, but it was 5 billion in cash after all.
These piles of money give people a visual stimulation that is far beyond the comparison of the numbers in the account.
Especially after experiencing a round of stock market crash, everyone is actually short of money.
As for Gao Song himself, his eyes widened after seeing the pile of cash.
"Onoe-sama! Please rest assured that with your and the great god Toad's blessing, Dayang Xingye will be safe and sound!"
"Bang" ~ Excited, Gao Song kowtowed loudly with his forehead touching the ground.
Ooue Feng was very satisfied with Takamatsu's reaction. This fanatical expression reminded her of the feeling of being admired by everyone before.
He glanced around again and saw that the expressions of the people below were obviously much more respectful than before.
Very good, it turns out that the trick of giving away money is the most effective, even more effective than the Toad God.
With the stimulation of Gao Song and the "pile of ten thousand yuan" in front of them, several other people who had similar problems could no longer hold back.
"Mr. Onoue! Yoshida Trading Company also needs your help.
Only 10 billion! We can completely acquire our competitor Yanshan Trading Company.
By then we will have tripled in size! And our revenue will have increased several fold!"
"Okay, but I don't have that much cash today. I'll write you a check later."
"Lord Onoue! You are truly a god on earth. You are nothing in the stock market!
8 billion! Just 8 billion! We can complete the bargain hunting~"
"Okay, I'll write you a check later~"
…
After an afternoon, Oue no Sho had no idea how much money he had lent out.
She only knew that her hands were almost sore from signing.
In order to attract followers, she not only accepted all those who wanted to borrow money for financing, but also offered very low interest rates.
Even when the other party mentioned the amount and interest, Onoue signed without even looking at it.
Where can I find such a good business?
So those who originally had no shortage of money started crying and saying that they were short of money.
After the meeting, everyone who had gained something was so excited that their faces were flushed.
The fanatical look in his eyes when he looked at the seam on the tail was even more fascinated than when he looked at the great Toad.
In the face of huge wealth, what is the Toad God? It is obviously Lord Onoue who is more effective.
Because everyone gained a lot, at the end of the day, everyone was in high spirits and toasted to Onoue Feng together.
Whenever there was a request from the tail seam, everyone would never say no. If they were asked to drink wine, they would drink the whole glass, and if they were asked to drink water, they would not spill even a drop.
Finally, when the crowd dispersed, Onoue asked his butler to calculate the accounts, only to find that he had lent out nearly 70 billion yen in just one day.
However, due to her limited cultural background and lack of sensitivity to numbers, Oue no Hiashi was not very clear about what 70 billion represented.
It was only when the housekeeper reminded him that he realized that there was not much money left in his account.
Since the money is not enough, of course I have to borrow it. Where can I borrow it? Of course, the bank.
During this period, banks are begging you to lend money, especially big customers like Onoue, who are definitely the guests of honor of all banks.
Besides, the money I just gave out was all borrowed from the bank.
I've already borrowed so much, it doesn't matter if I borrow a little more.
What's important is to be revered like a god by everyone. That feeling is really fascinating.
In order to continue being his own "Onoue-sama", Onoue decided to abandon Gamago and go it alone!
