Chapter 292 The Filth Caused by the Collapse of the Financial Building

Can 50 trillion yen save Sumitomo Bank and Hyogo Bank?

The answer is no.

Since the exciting Christmas, Japan has been plunged into an inexplicable tense atmosphere. It is no less heavy than the heavy atmosphere that enveloped every major city when the housing and stock markets collapsed last year. Having learned from the past few times, the people have become more concerned about this. Become extremely sensitive.

The various violent news revealed by Kitahara Interactive Entertainment made them panic. It seemed that not only Hyogo Bank, but also other banks had problems one after another, and they would not be able to withdraw their money!

In this era, entrepreneurship and investment are still relatively high-end ways of using funds. Especially when mobile phones and computers are not popular, people's funds are generally kept in bank savings. This is their foundation. If the foundation is shaken, no one can Will sit back and ignore it!

In just one day, the Tosan Kyoto Branch had more than 100 billion yen in cash outflow. The Financial Street was filled with long queues waiting to withdraw money, and all banks were prepared as if facing a formidable enemy.

The capital has been running low. Fortunately, the Kyoto branch, which relied on Kitahara Shenlang for a wave of support, had previously been led by Kitahara Sosuke and completed a cash supply transaction with Jiyang Bank. It happened to store a large number of bank coupons issued by the Bank of Japan. With the cash flow of Bank of Japan Kyoto Branch, they were able to successfully cope with the bank run on Christmas Day.

Kitahara Sosuke inquired about it and found out that on Christmas Day, the amount of cash supply provided by the Bank of Japan had exceeded the upper limit, and it felt huge financial pressure.

It was already 11:30 pm when the last customer who took out money was sent away that night.

The staff of the sales department on the first floor of the Kyoto branch breathed a sigh of relief. They were uneasy and confused about this sudden farce. Why did people come crazy to withdraw money as if they were frightened.

With such a huge public opinion, why has the government not taken any action?

I heard that several banks are no longer able to meet customers' requests for money withdrawals due to insufficient cash supply. As a result, people are even more convinced that the banks have no money. I am afraid that the wave the next day will be even more terrifying!

The core point of a bank's business is to absorb people's deposits at low interest rates and lend money to merchants at high interest rates. The money released cannot be recovered temporarily, but as long as there is not an exaggerated wave of money withdrawals, the reserves are enough to meet the daily needs of the people.

But now, they just don’t believe that you still have money. They think that you have invested all your money in those garbage clubs. They have lost money. They have lost money. It is our hard-earned money that we have lost. Therefore, we must withdraw our investment and leave as soon as possible without letting you. Capitalists make money!

Once this kind of thinking is generated, coupled with the fear effect of person-to-person transmission, a bank run can destroy a bank with a good reputation.

The Ministry of Finance and the Bank of Japan are supposed to control things like this, but they didn't respond all day long on Christmas Day.

The staff of the Kyoto branch were talking in low voices, while Kitahara Sosuke bought late-night snacks from the mall next door and brought them to them. While expressing condolences to the employees, he also got a general understanding of the current situation.

We still don’t know the source of the bank run crisis, and no one thinks that this crisis will last long or even destroy the entire banking industry.

Kitahara Sosuke smiled and said nothing, but asked them not to relax in their work and not to damage Tosan's sign during this period.

After a night, the dawn of December 26 came.

The Japanese archipelago has been shrouded in miserable wind and rain since morning. Blizzards continue in western Japan, and Wakayama Prefecture is shrouded in a blizzard that has not been seen in a century. The director of the Banking Bureau, Yamaguchi Kousei, who happened to be on a business trip, received an urgent call from Bank of Japan Director Honma Nakatoki.

"Something bad has happened. The entrances to all major, medium and small banks across the country are once again lined with people trying to withdraw money! The Bank of Hyogo, which just received the bailout, has officially declared bankruptcy!"

"What's going on?!" Yamaguchi Kousei had no time to unload his luggage, so he sent his secretary to call the Tibetan Prime Minister Yoshiro Mori. Before he reported the matter, he heard Mori Yoshiro sighing heavily, and there was a long message on the other end of the phone. silence.

On the morning of December 26, 1990, the Bank of Hyogo held an impromptu press conference through the mainstream media of six major TV stations. The president bowed ninety times and announced the true amount of losses of the Bank of Hyogo. In order to meet the demand for withdrawing money, he could only declare Hyogo Bank bankrupt and was about to enter the judicial liquidation stage.

The last time Toho Mutual Bank narrowly escaped disaster, although the financial industry struggled to survive in a shaky environment, at least there was no truly desperate crisis.

And now, Hyogo Bank has set this precedent and officially played the first movement of the Great Depression of the Heisei era!

The issue of "residential schools" has come to the fore again. They are losing money mainly from the financial institutions of the agriculture and forestry system. This has also caused the collapse of the three pillar industries of agriculture, forestry and fishery, which is a headache.

But this issue is no longer the most uncomfortable thing for Congress. They are considering how to save the financial industry that is about to collapse.

The collapse of Yamaichi Securities is still fresh in our minds. Nearly a thousand financial elites were unable to find jobs, and tens of trillions of funds disappeared. Its bankruptcy was equivalent to the collapse of a quarter of the Japanese securities industry. I have not recovered from this. This problem also occurs in the banking industry, which is the cornerstone of the industry.

This time, who will apologize? Who will be responsible?

No one responded.

At 1 p.m., the headquarters of Deyang City Bank, the second largest local bank in Miyagi Prefecture.

In an office on the second floor, a man in a black suit was covered in sweat. He stood in front of a fat man, nodded and bowed, and kept apologizing.

"Chief Sangu, our Deyang City Commercial Bank took the risk of being ridiculed by our peers and hired you, a former Yamaichi Securities employee, not just to have you do some chores like making reports. Where are your connections and your resources? , now that our bank has encountered a major crisis, you still have time to read information here?"

The obese man is the head of the financing department. He worked at Tosan Kyoto Branch in the early years, and later moved to the head office of Tokuyo City Commercial Bank. The person in front of him was Hiroshi Mitani, who was the business manager of the Osaka branch of Yamaichi Securities. After the collapse of Yamaichi Securities , Mitani Hiroshi got into Deyang City Commercial Bank through various connections, which was much better than his former colleagues who were homeless and unemployed.

Therefore, he cherishes this job very much.

At present, Deyang City Commercial Bank is facing the risk of bankruptcy due to huge losses and bad debts, and people are constantly withdrawing money, and he is also worried.

As a former financial elite, he shoulders heavy responsibilities, but Yamaichi Securities' resume makes it impossible for him to integrate with others. His previous circle of relationships and connections have long since disappeared due to his loss of power.

"Me, Minister, don't worry, I will definitely work hard!" Mitani Hiroshi pressed his body lower.

"Work hard? Why do you work so hard? If I'm counting on you, a waste, I might as well hope for money to fall from the sky! Okay, Section Chief Mitani, I've arranged a banquet tonight and invited Tao Taro, the current president of Tosan Kyoto Branch. Your Excellency, whether you can get help depends on this banquet. You can come with me." The fat man Yamaguchi Sawa said.

Mitani Hiroshi nodded quickly and bowed.

"Oh, by the way, call your wife. I remember her name. Oh, by the way, Mitani Nami, right." Yamaguchi Sawa stood up and patted his shoulder heavily, "Remember to ask your wife to do it well." ', If you can't, just let her sacrifice for the bank."

"Nami. Nami-chan?" Hiroshi Mitani subconsciously wanted to refuse, but when he saw Yamaguchi Sawa's eyes and thought of the current situation of the bank and his own situation, he lowered his head slumped, "Okay, okay! I will tell her."