It was not until the Ministry of Finance carried out policy reforms and achieved financial liberalization and internationalization, through interest rate liberalization, the abolition of regulations on corporate bond issuance, and the relaxation of listing entry barriers, that not only did it stimulate economic growth, but the power and influence of the central bank were gradually weakened, and corporate financing costs were reduced.

However, success is due to the general trend, but headaches are also due to the general trend.

Yasushi Mieno decided to tighten monetary policy against the will of the Ministry of Finance. As the money supply is tightened, the liquidity of the bond and securities markets will inevitably be seriously affected. With insufficient liquidity and a falling stock market, corporate financing costs will inevitably increase and become difficult.

Once the currency is further tightened, it will bring greater pressure to the securities market and corporate financing. What is worse is the pressure on real estate, which may bring many unstable factors.

The Ministry of Finance has been able to remain powerful over the years mainly because it has suppressed the influence of the central bank. As a result, companies will have to seek help from the central bank for financing, and shameful history may happen again.

However, given the current situation, with internal and external troubles, the Ministry of Finance is simply unable to organize the central bank to raise interest rates.

The birth rate, debt ratio, and pension level continue to deteriorate. If the population collapses completely as a result, the Ministry of Finance will become a national sinner, blamed on thousands of people.

The Russians are like a hopeless case!

Even though we knew that the situation in Eastern Europe had become uncontrollable, the fact that Germany sent such a clear signal only meant that the situation had become even worse.

Ryutaro Hashimoto gritted his teeth in hatred.

From Mieno Yasushi's perspective, it is not wrong that interest rate hikes cannot be prevented.

The only thing to blame is that the teammate chosen was Maozi, who was really disappointing! What does it mean that if one general fails, thousands of troops will be exhausted?

The whole of Europe tried their best to give money and technology, and Japan also tried its best to encourage them, but at the critical moment, they played with mud and drew maps! It has become like this until now!

They lost Toshiba, the computer industry, and the semiconductor industry! But they got nothing in return! What a bunch of unmotivated guys! ! "Gu Zaijun, please come to my office."

Picking up the phone, Ryutaro Hashimoto made a call.

soon.

The director of the Securities Bureau, Gu Zaiyou, came straight to the office.

Ask the other person to sit down.

Ryutaro Hashimoto talked about the current difficulties.

"I think you have heard about the negotiations between Germany and Germany. The situation has become very delicate. The pressure on the economy will surely increase again."

“Are you worried about the central bank, my Lord?”

"Yeah! Actually, San Chong is not wrong. But if the interest rate is raised more aggressively, it will put a lot of pressure on corporate financing, which makes me very worried!"

“.”

It just sounds like complaints without mentioning any problems.

However, the central bank's interest rate hike will inevitably lead to worse capital liquidity, and a bad economy will benefit no one.

As the director of the Securities Bureau, Gu Zaiyou is in charge of the Securities Bureau. They are in the same boat. He knows very well that if the central bank is made strong again, the power and influence of the Securities Bureau will be infinitely reduced.

at this point.

They both know it well.

Although no one talked about the drizzle.

Kandaiwahoncho 1-chome.

The densely packed fir trees have covered the area with greenery. Even though it is already late autumn, these trees, which have tenacious perseverance, strong adaptability and a certain degree of cold resistance, still stand proudly.

On both sides of the clean alley are single-family houses with courtyards.

The wrought iron gate looks artistic, the limestone walls stand tall and straight, and lush tree branches occasionally poke their heads out, making the surroundings quiet and peaceful.

Each house has a garden, swimming pool and green belt.

In Japan, the most densely populated country in the world, with many mountains and few habitable environments, every inch of land is worth a fortune.

In a place like Tokyo, with such a beautiful environment, it is undoubtedly a genuine wealthy area.

Seriously speaking.

Those who live here are either rich or noble.

But what people talk about most is that this place represents power and money.

During the economic boom that lasted for more than a decade, more than half of the policy support for the financial sector was related to this place.

From large-scale urban bank interest rate decisions, securities tax adjustments, increased national pension burdens, and targeted government industrial support to small-scale usury and black money operations, per capita income surplus, and even the formulation of a series of financial policies, all are involved here.

Therefore, people who frequently come and go here have a special title: "MOF person in charge".

That is, the Ministry of Finance Public Relations.

But what people talk about most, apart from the relationship between power and money, is that the women who come and go here are all stunningly beautiful. Well-known actresses are frequent visitors here, and top models linger here late at night.

The relationship between men and women and the legendary stories in the financial circle became the gossip topics for people to talk about after meals.

A Toyota Century sedan slowly drove into a wide but deep alley and finally stopped under a cherry tree right next to the entrance of the alley.

As the car door opened.

An autumn wind blows.

Wrapped in a little rain, with a hint of autumn chill.

Nomura Securities President Kenjiro Toyama adjusted his suit and made sure his image was fine before pressing the doorbell on the wall.

A security guard opened the door.

Then a plump woman in a yukata came and led Kenjiro Toyama into the yard.

Came to a porch.

Kenjiro Toyama took off his shoes and pushed open the wooden door.

A young girl walked over on the wooden floor, bowed, and invited him into a room.

Stretch out your arms.

Two naked beauties undressed Kenjiro Toyama and finally handed him a white towel.

Around the lower body.

Kenjiro Toyama was familiar with the route and came to a wooden door.

The more than ten-meter-wide and long bathing pool was filled with steam and was misty. Countless women with beautiful figures and delicate faces were kneeling beside the pool, each holding a tray in their hands.

If there were outsiders here, they would be shocked.

All of these women kneeling on the ground are beautiful and charming, and the most incredible thing is that they are not ordinary people. Among them are popular actresses Nakami Umitama and Keiko Yanagisawa, as well as supermodel Mihoko Yoshimura and other famous beauties.

They are all popular girls with countless fans cheering for them, but at this moment they are kneeling on the ground, with their beautiful figures not covered by any clothes.

The bodies of these people are as white as snow, with delicate skin, and their wonderful postures make people's blood boil and their hearts beat fast.

However, they all knelt on the ground like servants, holding trays with tea, wine, fruits and cakes.

Some of them fell into the bathtub and massaged the backs of the middle-aged men with big bellies in the pool.

A naked guy stood up from the pool and greeted him casually, "Here comes Toyama-kun!"

"It's Nidou-kun, long time no see." Toyama Kenjiro said, untying the bath towel and entering the big pool. Before he could say anything, someone came over and started to wash his body.

Just at this moment.

Gu Zaiyou walked in straight away.

The dozen or so middle-aged men present all stood up from the pool and greeted them.

Because no one was wearing any clothes, the scene looked a little funny. Even with the steam rising, the situation was still too weird.

The funniest thing was that they bowed to each other and returned the greetings very seriously, and the atmosphere was inexplicably serious!

Same as everyone else.

After the greetings, Gu Zaiyouzhi stepped into the bath step by step.

Her beautiful body came closer to him, soothing his tired body.

“I invited you all here today because I believe that Midosan is aware of the consequences that the tightening of monetary policy by the central bank will have on the securities market.”

"Mr. Noyama, please stop saying such annoying things. I asked you all to come here just to discuss countermeasures." Gu Zaiyouzhi said, glancing at Kenjiro Toyama of Noguchi Securities, with whom he had a good relationship.

The other party said with embarrassment: "The pressure of monetary contraction on the securities industry is too great. Many large customers have reduced the size of their positions. If things don't improve, the situation may become very bad."

"Not only that, the trading volume has dropped significantly recently. If liquidity deteriorates, it will be very disadvantageous to us."

Kenjiro Toyama took the opportunity to say, "If we can get the big customers not to sell, the situation will definitely improve."

"All major companies have the right to operate independently. The Securities Bureau is very willing to see the industry develop better. This is our responsibility!"

“.”

Everyone present is a smart person.

How could I not understand what this meant?

If you want to prevent big customers from selling, just let them make a profit without losing money.

The serious atmosphere became relaxed.

There was girls' laughter coming from the pool, along with the obscene voices of men and the sounds of splashing water.

With the support of the Ministry of Finance, what problems do we need to worry about? ! Money! It's really exciting! The next day.

Japanese bank wealth management and investment department.

A group from Goldman Sachs Investment received the reception and the two sides met in the reception room on the top floor.

After some insincere courtesy, the other party stated the purpose of his visit.

The Bank of Japan was holding the Nikkei put warrant purchase and sale contract that was handed over, and the faces of the people present all had strange expressions.

They all work in investment banking.

How could you not understand what this Nikkei put warrant means? It simply means you want to short the Japanese stock market to make a profit.

However, before that, Wall Street lost everything by shorting the stock market. Salomon Brothers was said to have been negotiating a merger with the Travelers Consortium, and Morgan Stanley lost so much that it had to sell its controlling film company.

It's a pig.

Losing so badly in one place, I know how painful it is.

The Americans are better.

Are you planning to continue giving me money?

Yamagata Masuke was amazed. He said incredulously, "Mr. John wants to buy Nikkei put warrants from us?"

"Yes! Just as your Excellency has seen in the contract."

"With all due respect, this seems like a very stupid investment! Can you tell me why you are bearish on the stock market?"

"The Japanese stock market has been rising for so long, it's very irrational, how can stocks keep rising? So we think something bad is going to happen next."

“.”

Are you afraid that our year-end bonuses won’t be enough to spend this year?

Yamagata Basuke almost laughed out loud.

As the head of the Financial Management Department and having come from the Bank of Japan, he knows the structure of the Japanese securities market very well.

The stock market is mainly dominated by two major investment institutions. The first is the insurance company. Various life insurance companies will invest funds in the stock market to obtain higher returns.

The second is the major metropolitan banks.

The reason why the consortium was formed is because of the indirect financing relationship that lasted for decades. If major companies want to get loans and need help from banks, the only way is to sell stocks to banks or mortgage them to banks.

Even after financial reforms, listed companies can raise funds in the secondary market, but this relationship has never really changed.

As a city bank and a central bank, the Bank of Japan is also a major institution in the securities market and one of its major clients.

Yamagata was invited to a brothel last night to spend the night. The securities company promised that it would not let the Bank of Japan lose money, and also revealed that the Ministry of Finance allowed securities companies to subsidize all major customers.

foreign investment?

After the financial reforms.

The maximum proportion of individual shares that foreign investors are allowed to hold is three percent.

Holding a certain percentage in the stock market, but the shareholding ratio of individual stocks has always been limited to 3%.

Moreover, the Ministry of Finance stipulates that there are severe restrictions on foreign investment in the stock market. Even private equity funds are subject to the strictest supervision. Generally, the amount of funds raised and investment directions of private equity funds must be reported, and they are not allowed to engage in short selling of stock index futures.

On the surface, the ups and downs of the stock market may be affected by profits, company prospects, performance expectations, dividends, industry development, and other reasons.

But in fact, the rise and fall of the stock market is similar to war.

Whoever has more troops, better equipment, and more chips can control the stock price.

In this situation, the Ministry of Finance is still subsidizing the losses of all major customers. No one is selling. If you want to make money by shorting the stock market, you might as well dream on!

Bad news?

Changes in Eastern Europe?

You don’t even have any chips, you’re just shorting air!

Yamagata and his subordinates discussed the issue. When talking about the pressure of raising interest rates, Yamagata smiled and said, "Even so, we can release the pressure after defeating Goldman Sachs."

"They must come to give money. Wouldn't it be stupid if they don't?"

With Yamagata's permission, the deputy secretary, Yumiko Miba, bit her bright red lips and tried to hold back her laughter as she asked, "How many of these put warrants do you wish to buy?"

"Five hundred million dollars!"

Five hundred million?

The people at the Bank of Japan blushed with excitement.

There are idiots every year, but there are especially many today. It would be great if such stupid customers came every day!

They are indeed an inferior race! A group of people were worried about scaring people away, so they gritted their teeth and pinched their thighs, looking very strange.

"No problem, then 500 million!"

at the same time.

It is called the Kansai headquarters.

Nagano Nao sneered secretly and said sarcastically: "I disagree. Americans are not fools. They are buying put warrants on a large scale again when Salomon Brothers and Morgan Stanley have suffered consecutive losses. There must be some conspiracy."

"Conspiracy? What kind of conspiracy can a lowly race like the United States come up with? Nagano, do you have ambition? You don't even want the free money, so please get out of here and show your courage as the world's number one economic power again!"

"No way! No way! There are such exquisite things in Japan? Nagano, can you keep up with the trend of the times? It's okay to insult your own IQ, but please don't insult your predecessors! "Damn it, these newcomers now really have no enterprising spirit, how can they buy America like this?"

Before that.

Goldman Sachs and Nippon Life Insurance have negotiated a deal.

The headquarters already had a contract, and considering financial factors, Iida Yoko handed the transaction over to the Kansai headquarters.

That's why.

As an asset management company, Osaka Asset Management needs to bear part of the transaction amount! But as soon as Nagano Nao said he disagreed, the general managers and directors headed by Kunihiko Tsuchiya all started to mock him.

Due to the relationship with Sanwa, Naoto Nagano did not receive any information about the Ministry of Finance's subsidized customers.

However, as the Kansai branch of Seiho, Tsuchiya knew very well that since big clients could make a profit without any loss, it would be easy to defeat Wall Street capital.

It is estimated that Nagano Nao would not dare to take this responsibility.

Hearing his subordinates' ridicule, Tsuchiya Kunihiko taunted, "Aren't you called the Space Violence Dragon, Nagano-kun? You don't even dare to take the responsibility of giving away money for free. It's really disappointing!"

"Nagano is just kindly reminding you all that I think you all know what kind of responsibilities Japan Life Insurance bears. If a billion-dollar contract results in huge losses due to your radicalism, it will be difficult for us to explain to the public!"

(End of this chapter)