Chapter 530: The Last Chance
As Japan's financial industry fell into chaos, the Cabinet Chief and the Minister of Finance resigned one after another, which was definitely a further blow to Japan.
As the two most powerful departments in the country have run away one after another, there is no doubt that the national confidence has suffered a huge blow.
The housing prices, which had been gradually declining, now even show a trend of falling sharply.
Real estate companies began to sell off the land they had hoarded on a large scale.
Ordinary residents have also noticed the abnormality in housing prices and were planning to buy a house.
Now I have stopped what I am doing. The housing prices are getting lower and lower, so of course I have to wait and see.
More and more people are selling, but fewer and fewer people are buying, and market confidence is further collapsing.
The land prices in Neon have been plummeting uncontrollably, and the panic among the people is growing.
By the end of the year, housing prices in Tokyo had reached the same level as last year.
This means that all the profits generated by the 56% appreciation of Tokyo's land value in the first half of the year have been wiped out.
The assets of real estate companies and banks further shrank, a chain reaction occurred, and the economy further deteriorated.
On the other hand, the Japanese government has been dragging its feet for more than half a month.
With the arrival of the new year, the parliament finally put forward Kiichi Miyazawa as the head of the cabinet.
As for the Minister of Finance, it was taken over by Tsutomu Hata of the Takeshita faction, who previously served as the Minister of Agriculture, Forestry and Fisheries.
There is a tacit unspoken rule in Japan's cabinet rotation, which is that the Minister-General must have been born in the Ministry of Finance.
In other words, there is a high probability that the Minister of Finance will go further and form his own cabinet in the future.
Kakuei Tanaka, Noboru Takeshita, and now Kiichi Miyazawa, they have all served as Minister of Finance.
Of course there are exceptions, such as the former cabinet leader Toshiki Kaifu who just took the lead in running away.
He was temporarily chosen to replace the Uno Cabinet after it fell.
Toshiki Kaifu himself belongs to the Hanoi faction, a veritable minority in Congress.
He was well aware that he was able to sit in this position purely by chance, and was being constrained by other factions behind the scenes.
Therefore, after seeing that the situation was not good, Kaifu Toshiki decisively chose to run away.
If the job is done well, the credit may not be his, but if it is not done well, the blame will definitely be his.
Using state power to provide financial support is no joke.
If things go wrong, the credit of the Japanese yen will collapse and inflation will be further exacerbated.
Faced with such a high-risk game, Kaifu Toshiki chose to resign.
Similarly, Ryutaro Hashimoto of the Ministry of Finance also saw the risks involved, so he also took the opportunity to escape .
However, Kiichi Miyazawa who took the stage this time was quite courageous. He knew that Neon was at a crossroads of fate.
So on the first day of entering the cabinet, he called Mieno to communicate about Japan's current economic problems.
After understanding the general situation, he picked up the phone and called some key people.
"Brother Shirakawa, I'm Miyazawa."
"Lord Prime Minister?" Baichuan Feng was stunned for a moment after receiving the call before he realized that the person calling was the newly appointed Prime Minister.
“Regarding whether to initiate the special financing procedure, I will invite the heads of all super first-tier banks .
Brother Shirakawa, can you attend then?" Miyazawa Kiichi didn't waste any words, as the situation was urgent, he got straight to the point.
"Of course, Baichuan will definitely be on time." Baichuan Feng thought to himself, this is the first step the Japanese government is taking to save the market.
Miyazawa Kiichi was very satisfied with Shirakawa Kaede's answer, but there were still some things he wanted to test the waters on.
“Brother Baichuan, in addition to the special integration program.
What do you think about the idea of setting up a dedicated entity to acquire secured real estate?
Upon hearing this question, Baichuan Feng fell silent. The special financing program was easy to deal with, and it was not his money that was spent.
But as for the bottoming out of the real estate market..., let alone Japan, even your American dad may not be able to handle it.
Why did Miyazawa Kiichi ask Shirakawa Kaede? Of course, he hoped that he could help when the time comes.
"Sir, let's ask for your opinions on this issue.
If the vote is passed, Baichuan will naturally be meaningless."
Can anyone support 150 trillion US dollars of land?
Even if land prices fall now, even if 1% of them need to be supported, this is not something Japan can do.
Even with such capital investment, what is the cost?
Based on Baichuan Feng's understanding of his colleagues, they would definitely not agree.
However, when Miyazawa Kiichi heard Shirakawa Kaede's answer, he was already quite satisfied.
At least he didn't refuse in person, but among others, even Te Rong became a controversial point.
"In that case, I will be waiting for you, Brother Baichuan, on Thursday night."
“It’s my honor.”
After hanging up the phone, Baichuan Feng couldn't help but shake his head and laugh.
It seems that the cabinet was also pushed into a corner, and the speed at which the bubble burst was far beyond their expectations.
However, there is no unanimous opinion within the government.
The newly elected President Kiichi Miyazawa is worried about housing prices, while the Ministry of Finance and the Bank of Japan are concerned about stock prices. They are not too worried about housing prices.
This sense of division and disagreement makes the Japanese government slow and inefficient when dealing with the chaotic external environment.
Just when this group of people at the top of Japan's power and financial resources were preparing to discuss a strategy for the future of the country.
After more than a month of investigation, the Yeshan incident finally had a rough outline.
This report comes from the Special Investigation Department and the Tokyo Metropolitan Police Department, and the two are targeting different investigation targets.
The Special Investigation Department targets financial crimes in the banking and securities industries. The first case it investigated was the Fuji Bank loan fraud, and it has made initial progress.
Minoru Nakamura of Fuji Bank's Akasaka branch and 23 employees of 15 real estate companies have all been arrested and questioned.
In this loan fraud case, Fuji Bank withdrew a total of nearly 700 billion yen from the Second Bank.
Most of it has flowed into the real estate industry, and less than 200 billion yuan has been recovered.
The gangsters and senior bank officials involved upstream and downstream are still under further investigation.
However, the former Finance Minister's confidential secretary, Kobayashi Toyoki, has also been detained because of his record of direct bribery.
If nothing unexpected happens, at least three executive directors and two managing directors within Fuji Bank will be involved.
Whether Fuji Bank should be responsible for the 500 billion yen loss of the Second Bank is another controversial point.
However, the Special Investigation Department is not responsible for coordinating these issues; it is only responsible for investigating cases.
Another investigation report from the Tokyo Metropolitan Police Department focused on the Hayama gunfight itself.
After more than a month of inch-by-inch searching of the Hayama villa, the Tokyo Metropolitan Police Department collected a total of 1,386 bullet casings.
Based on the analysis of the ammunition, these guns should all be Mi-type weapons.
However, another grenade fragment found at the scene came from the RPG-7 of the Russian bear in the north.
One is a major arms exporter, and the other is a magical country where you can exchange cabbages for tanks.
It is difficult to investigate either of these two, especially the latter which is on the verge of disintegration, with various national resources flowing out in large quantities.
Therefore, it is basically impossible to analyze the two parties in a firefight based on their weapons.
In addition, according to the Metropolitan Police Department's investigation, the villa in Hayama belongs to the Yakuza Association.
There were as many as 126 yakuza members gathered here that night, including all the senior members of the general association, as well as some security personnel from the Yakushigumi and Sumiyoshi-kai.
What’s strange is that these 126 people seemed to have disappeared from the face of the earth, and there is still no news of them to this day.
Faced with the questioning of the Metropolitan Police Department, whether it was the remaining association house, the Sumiyoshi-kai, or the Yamaguchi-gumi.
Both of them denied the possibility of a fight between them.
However, it is impossible to find out what the truth is and whether the Yeshan incident was caused by internal strife among the Yakuza.
With the disappearance of key witnesses and material evidence, the Yeshan incident became like a mystery, adding to the chaos in the already turbulent Neon.
The gunfight case could not be investigated, and the Special Investigation Department's investigation into other banks and financial institutions is still ongoing.
All of this seemed like a dark cloud hanging over the neon sky, making the colorful neon lights dim.
But does no one really know who was responsible for the Yeshan incident?
Shigeo Nishiguchi of the Sumiyoshi-kai was currently sitting in the Japanese-style room, shivering.
"Have you found out?"
The shadow in front of him shook his head and said, "We have contacted all the Yakuza organizations in Japan, and we can basically rule them out."
"So these people appeared out of nowhere?" Shigeo Nishiguchi's tone was indescribably strange.
Is it anger or fear? Only he knows.
Faced with his rebuke, the shadow lowered his head, not knowing how to respond.
Obviously, such a thing requires a large number of people, and the underworld organization that can mobilize so many people will not be an unknown organization.
But I just couldn’t find them. It was as if these people appeared out of thin air and disappeared out of thin air.
This is what scares Shigeo Nishiguchi. When did such a force appear in Japan?
Not only do they have a large amount of weapons and manpower, but they are also able to do so without being noticed by anyone.
The unknown is the most frightening thing.
That Shirakawa-san...
"Let's make an appointment. I want to visit Shirakawa Feng-san in person."
"Hayi" the black shadow gradually retreated.
The entire clubhouse was destroyed, who is the biggest suspect?
Of course, as a yakuza, the first person that Nishiguchi Maonan thought of was Shirakawa Kaede.
However, after almost two months of investigation, he still could not find the whereabouts of the underworld forces behind the other party.
This was a serious issue, so just in case, or perhaps out of guilt, Nishiguchi Shigeo decided to go and apologize in person.
In fact, the Sumiyoshi-kai did not do anything to Shirakawa Holdings, but Shigeo Nishiguchi was just afraid.
There are more than a hundred people, and they were killed at will.
More people have died in the underworld in the past twenty years than in all the previous ones, but they were all killed in one night.
Not only was it powerful, but the key point was that it couldn't be found. Not only them, but also the Tokyo Metropolitan Police Department couldn't find it.
Who would dare to mess with such a person? Nishiguchi Shigeo decided to follow his heart and go to apologize in person.
However, he was so busy preparing gifts and getting dressed that he didn't even get to see Baichuan Feng.
The other party just sent a verbal message, which roughly meant thanking him for his visit, but apologized for not being able to receive him due to busy business.
And then it was gone. Shigeo Nishiguchi felt lost, confused, but secretly relieved at the same time.
It seems that the other party doesn't care about a small Yakuza like me, but that's good. Not caring means there is no danger.
Shigeo Nishiguchi felt relieved, and the first thing he did when he returned was to strictly order the members of Sumiyoshi-kai not to provoke people from Shirakawa Holdings.
Money is good, but you have to have a life to spend it.
To be honest, Shirakawa Kaede has never heard of Shigeo Nishiguchi of the Sumiyoshi-kai.
At that time, he was busy discussing strategies to save the country with the new prime minister and had no time to care about a gangster he had never heard of.
