Strictly control the bottom line of real estate projects.

Although the central bank did not directly say what it meant, it was clear to all the major banks that they understood the message when they received it.

That day.

The major banks found a bunch of specious reasons to block the real estate project investment loans that had already been approved.

Yoshino Bussan is a small real estate developer.

Specialized in undertaking private residential projects.

In the real estate industry, the initial investment scale is huge, and dealing with banks is inevitable.

Material costs, land costs, project costs, and various expenses.

As agreed.

The settlement and reconciliation of financial matters began early in the morning.

But when I arrived at the bank, I found that the funds that were agreed to arrive today had not yet arrived.

I immediately told the president about this.

Kenjiro Yoshino contacted the president of the Bank of Tokyo.

"President Asano! This is Yoshino! Hasn't the funding for Matsuzaka's project been approved? Why hasn't the funds arrived yet?"

"This is mainly due to the lack of some relevant documents and certificates!"

"I see! I'll get ready right away."

“.”

Quickly prepared the information.

However, after sending it to the bank, the review department was very picky and had a bad attitude.

When it comes to loans, banks have always been begging me to lend them money.

Suffering neglect.

Kenjiro Yoshino left angrily.

However, the newly contacted bank was not enthusiastic at all and had no intention of soliciting customers.

The other side.

Mitsubishi Bank, Nagoya Branch.

The president was very enthusiastic in pouring tea for Riichiro Ogata, the largest local developer.

"Ogata-kun, the main reason I asked you to come here today is that the previous loan is about to expire. I heard that the central bank will further raise interest rates next, so my suggestion is that you transfer this money first."

"Another interest rate hike? What the hell are those idiots at the central bank doing! Interest rates are already so high, how can we make money if they raise rates again!"

"This is a decision made by a big shot. There's nothing we can do about it! That's why I suggested that Mi pay off the previous loan before the interest rate hike."

"I see! Thank you so much for your care, Sekida-kun! Please forgive me for my impoliteness just now!"

"You're too polite, Ogata-kun. Let me put it this way. You first find some funds to bridge the gap for this loan, and then I'll approve it for you."

"But I have to pay back such a large sum of money suddenly, and I can't withdraw it for the time being!"

"This is a small problem. I have a friend who specializes in bridge loans. You can ask him for help."

“.”

Riichiro Ogata followed the contact information given by the other party.

Found a bridge finance company.

Although the interest rate is a bit higher.

But I finally paid off the loan.

But for some reason, the new loan was not approved.

And either Mr. Seida couldn't be found or no one answered the phone. Japan is a state-owned joint-stock company.

The president of the U.S. Federal Bank once satirized the Japanese government's direct financial guidance policy on economic development.

The central bank takes the lead, and when approving loans, banks directly or implicitly indicate which industry they will focus on, and that industry will receive financial support.

Just like Nikon and Canon, which were totems of the electronics industry in the late 1960s.

At that time, the Cold War was at a critical juncture, the United States' demand for semiconductors and integrated circuits was increasing, and there was a shortage of domestic supply.

IBM chose Fairchild Semiconductor's lithography process and production line, and invested a total of US$5 billion in the IBM 360 computer, which was 2.5 times the amount of the Manhattan Project, which was used to develop the United States' first atomic bomb.

About a year and a half after the launch of the six models of IBM 360, at the end of 1966, IBM's annual revenue exceeded 4 billion and its net profit reached 1 billion US dollars, making it one of the top ten companies in the United States.

At this time, Japanese semiconductors were mainly used in the radio field, and they saw the future potential of this market.

But at that time, Japan's lithography technology was just in its infancy and could not compete with the United States at all.

What to do? Spend money! Led by the Ministry of International Trade and Industry and the Ministry of Health, Labor and Welfare, and guided by the central bank's policies, Japan's Nikon and Canon, which are totems of the electronics industry, began to enter the field of lithography.

Relying on the financial guidance from the central bank, in just ten years, Nikon established Nikon Precision Machinery in Silicon Valley and won one big customer after another from the global lithography machine GCA: IBM, Intel, TI, AMD, etc.

In Japan, the semiconductor industry also developed tremendously, and purchases from manufacturers such as Canon, Tokyo Electron, NEC, and Toshiba promoted Nikon's development.

Five years later.

GCA was acquired by General Signal due to severe lack of funds. A few years later, GCA could not find a buyer and was closed. Ultratech, another subsidiary of General Signal, was eventually acquired by MBO, but its scale was not large, and its P&E lithography department could not sustain and was sold to SVG.

The era of photolithography machines in the United States has come to an end.

In addition to the semiconductor market, the same is true for the development of Japanese agricultural groups.

The Agricultural and Forestry Central Bank is abbreviated as "Arin Chukin"; the National Association of Credit Agricultural Cooperatives is abbreviated as "Zenxinren"; the National Federation of Mutual Aid Agricultural Cooperatives is abbreviated as "Zenkoren"; the National Federation of Welfare Agricultural Cooperatives is abbreviated as "Zenhouren".

With the treasury support from the central bank, a huge industrial chain was formed with different divisions of labor at the county, city and government levels. Relying on the financial support from the central bank, a grain group that controls the Asian grain market was created.

The same is true for the development of the automotive industry.

Since Naoto Ichimanda refused to support Toyota, the Imperial Bank joined hands with dozens of banks to jointly support Toyota, and finally forced Naoto Ichimanda to resign.

The development of every industry in Japan is caused by the central bank's direct or implicit requirements for funds to flow towards development.

A central bank policy.

Major banks have blocked project loans for major real estate companies using all sorts of strange reasons.

Many people are still busy trying to renew their loans or re-prepare loan documents according to their relationships with banks. However, Yoshiaki Tsutsumi, Japan's largest real estate developer, feels a fatal crisis.

Just at this moment.

Central Province Vice Minister Jun'an Watanabe appeared on TV.

"Houses are for living in, not for speculation."

"Malicious speculation in the real estate market has led to an imbalance in supply and demand in the property market, affecting the healthy development of the economy. It not only affects the expectations of the real estate and related industries, but also easily triggers systemic financial risks."

"For a long time, some real estate developers have maliciously hoarded land and monopolized the market, causing great damage and harm to the economic market."

"The frequent tsunamis and earthquakes in recent years are also closely related to the large-scale demolition and construction of cities, large-scale migration and felling of trees."

Follow.

The Ministry of Health, Labor and Welfare's Human Resources Development Director said: "Scientific and technological development is the first factor of national production, and population is also a witness to the rise and fall of a country."

"The latest data from the Ministry of Health, Labor and Welfare shows that while the aging population is accelerating, the birthrate is falling and it is becoming more difficult for young people to get married because of housing prices."

“.”

"The malicious hoarding of land and the inflated real estate market prices have caused great damage to social and economic development."

“.”

"Houses are for living in, not for speculation. We should not use real estate as a short-term tool or means to stimulate the economy. We should strengthen the guidance of expectations and adopt policies tailored to each city to promote a virtuous cycle and healthy development of the real estate industry."

Follow.

Bank Vice President Miyamoto Benjiro also spoke.

"The real estate development and operation model with high debt, high leverage and high turnover is unsustainable. The construction mode with large-scale construction, large-scale consumption and large-scale emissions is unsustainable. It is not in line with the requirements of high-quality development and has accumulated many risks and hidden dangers."

“.”

Such news.

It was all over the newspapers and on television.

"That's great! It looks like the cabinet is really planning to curb real estate prices!"

"Idiot! What are you thinking about? This kind of nonsense can only fool fools. We have been talking about lowering housing prices for so many years, but when have you ever seen housing prices go down?"

"Yeah! Come to think of it, you should work hard to make money! Otherwise, you won't be able to afford a house in the future!"

"Maybe it's real this time?"

"You dare to believe what these bastards say? Last time they talked about raising property taxes, in addition to raising rents by 20%, house prices also went up. Did you see any changes?"

"Damn it! How many youths do we have in life? It will take ten years without eating or drinking to buy a house, and you're still talking about getting married!"

“.”

After tea and meal.

Many families gathered together to praise the cabinet for finally deciding to suppress house prices.

Some are hopeful.

Some people have a look of disdain on their faces.

after all.

From a long time ago, every time there was a meeting, the government said that housing prices should be suppressed, but housing prices have been rising!

But in Yoshiaki Tsutsumi's eyes, such news represented a sense of crisis, and before this, he had not received any news at all.

Beep!

Beep!

"It's Tsutsumi-kun. I'm so sorry. Can you call back later? I'm in a meeting right now."

“.”

Call me back later.

It rang many times, but no one answered.

Yoshiaki Tsutsumi's heart was filled with alarm.

His business acumen over the years made him feel a chill to the bone.

Contact the Ministry of Finance immediately.

"Hashimoto-kun, I'm Yoshiaki Tsutsumi, do you have time to have dinner together?"

"Well, I've been really busy lately! If there's nothing else, I'll hang up first. I have an important meeting to preside over right away!"

“.”

Beep!

The call was hung up.

The muscles on Yoshiaki Tsutsumi's face twitched constantly, and he couldn't help but smash the phone to the ground.

Real estate developers hoarding land? Real estate developers maliciously driving up housing prices? Without the support of you bastards, would we have the ability to do that?

Bang, bang, bang! Yoshiaki Tsutsumi was so angry that he started smashing things in the office.

After smashing it.

He fell down on the sofa.

hateful!!!

When you were taking the money, you were greedy! Now you are ruthless in passing the buck! We are the bad guys! Are you all good people? Bastards!

These damn bastards! They actually let me take the blame!

hateful!

no!

We must not sit idly by and wait for death.

That day.

Seibu Group held a grand meeting.

Yoshiaki Tsutsumi expressed his sincere gratitude to all employees of the company for their long-term contributions to the company.

"The company's current strength is inseparable from the support and dedication of Midosan. In order to thank everyone for their efforts, the board of directors decided to set up a special welfare fund."

"All employees who participate in the welfare fund can receive a guaranteed 20% return every year!"

"Other than that."

“Company employees enjoy a 35% discount on home purchases!”

“.”

35% off! This is definitely an unprecedented huge discount.

Many employees were excited and prepared to buy a few houses to make a profit.

Ichiro Yamaguchi was also extremely excited.

The fund has a 20% guaranteed return, and the house has an internal price of 35% off.

What a great benefit! The president is so kind to us! The bank loan interest rate is only 10%, and the fund's guaranteed return is 20%.

This is like giving money directly to people! I am so happy to be able to work in such a company!

Sir, Yamaguchi will definitely follow you with his whole soul for the rest of his life!

With excitement.

Ichiro Yamaguchi immediately took out the money he had saved over the years.

Seventy-six million yen.

Twenty percent a year is fifteen million.

no.

It’s too little! Nowadays, a yacht costs at least several hundred million! When will I be able to afford it with this little money?

I contacted a friend at the bank.

With good credit and an annual income of 15 million, it is very easy to get a loan with such credit.

Mortgaged the property I own and have good credit.

Five hundred million in hand.

Transfer the money to the company's financial account and the certificates purchased by the fund will be in your hands.

Rich! I drove home early.

I happened to meet a plump figure carrying a basket of vegetables. The fat figure made my already excited mood even more intense.

As a stepmother with a child, she should be very aware of how humble such family life is! Stop the car.

Ichiro Yamaguchi greeted, "Mrs. Nagano, come out to buy groceries!"

"It's Yamaguchi-kun, are you off work so early today?"

"I am the section chief after all, so I am not usually very busy! Mrs. Nagano must be very tired carrying so many things, just come up and I will take care of you."

"Don't bother with that!"

"It's okay! Neighbors should help each other!"

“.”

The other party is too enthusiastic.

Kanako Nagano had no choice but to thank him and get in the car.

The journey is not far.

It only took a few minutes to get home.

Got off the car.

Out of courtesy.

Nagano Kanako bowed and thanked him: "Thank you so much, Yamaguchi-kun. Please come in and have a cup of tea!"

"Sorry to bother you then!"

Ah! Why did you agree? !

I was just being polite out of habit, but the other party agreed.

no way.

Kanako Nagano had no choice but to invite the person to her home.

This woman looks really plump!

Such a great figure must be very alluring!

Watching Nagano Kanako pour tea.

Ichiro Yamaguchi felt a dry mouth.

"Mrs. Nagano, do you think you'll be bored at home alone?"

"Ah! Why did Yamaguchi-kun suddenly ask this?"

Nagano Kanako said with a blush on her face.

To be honest.

It was really boring before.

But ever since the change in my relationship with Naoto Nagano, every day has been like a thief, feeling nervous but happy at the same time.

Especially after coming to Kobe, straight men became more and more lewd.

It always sneaks back during the day.

There are a lot of strange women.

I was a very serious person, but those women made me become weird.

Ichiro Yamaguchi would never have dreamed that the relationship in the Nagano family was so strange.

Suppress the excitement in your heart.

He said seriously, "It's like this. Mieko wants to open a fruit shop recently. Is Mrs. Nagano interested in being a partner?"

"This... I don't know how!" Nagano Kanako said with some excitement. In fact, she was quite envious of Yuki for being able to make money on her own.

Ichiro Yamaguchi was worthy of being the section chief. He instantly sensed the hesitation of the woman in front of him.

"I heard about my wife's misfortune at home."

“There’s nothing wrong with it right now though.”

"But Nagano-kun and Ms. Yuki are family after all, and living together there are bound to be some conflicts."

"In case there are disputes in the future."

"Madam, you don't want your daughter and yourself to have no place to live in the future, right?"

(End of this chapter)