Your word.
My words.
How to save the market and rescue retail investors from dire straits has become an urgent issue that needs to be resolved.
Everyone knows that what is currently sold on a large scale in the market are life insurance investments and the financial investment departments of major commercial banks.
Therefore, except for the person in charge of the securities company who had been bleeding to subsidize major clients, everyone else was questioned by name.
Since the public hates such evil things as stock index futures, we must immediately restrict things that cause the stock market to fall to give everyone confidence.
The same goes for short selling. How can we live up to the expectations of the people if we don’t shut down short selling at this time?
What Hase of the Bank of Tokyo said is also correct. As long as selling is banned, the market will lack chips to dump the stocks and will stabilize quickly.
What Nagano Nao talked about is the key issue. The collapse of high-leverage financing and the avalanche caused by it are the root cause of the current stock market crash. As long as major companies work together to prevent the market crash and stabilize market order, they can save the market.
Hearing this.
Many people secretly cursed him as shameless.
Ordinary people don’t know, but everyone here knows that Nippon Life Insurance has purchased a large number of put options on Wall Street.
If we talk about who is the biggest short seller in the market and who makes the most money, if Japan Biostime says it is number one, then no one dares to say they are number two.
But Nao Nagano was different. He looked concerned about the country and the people, and he righteously said that he would mobilize 30 billion yuan to save the market.
Isn't this clearly saying that you are the good guy and everyone else is a bad guy?
They are all bad guys in the same boat, so everyone can only grit their teeth and passionately affirm their support for the rescue of the market.
One family! Two families!
Three!
There is no need for Kiichiro Miyazawa to ask again.
The person who was seen taking responsibility immediately stated that he would invest to stabilize the stock market.
Completed the mission successfully.
As per custom, Kiichiro Miyazawa expressed his gratitude to the Ministry of Finance and the people by thanking the gentlemen for their support to the country.
Although he knew very well that these bastards here had no good intentions even if they were trying to save the market, at this moment, he could only keep everything in his heart.
Everyone present was a scumbag, so naturally they all said things like they had no choice but to take on the responsibility. After Kiichiro Miyazawa left, they looked at each other and smiled again.
Leave the office.
Kiichiro Miyazawa rushed to the Finance Minister's office and knocked on the door.
Listening to Kiichiro Miyazawa repeating the major financial institutions' commitment to rescue the market, Hashimoto Ryutaro had a blank expression, showing no emotion.
Kiichiro Miyazawa knew that this adult was probably in a bad mood.
After finishing the report, he wiped the sweat off his face and left.
Ryutaro Hashimoto then sighed and leaned back in his office chair.
This is a game.
A dead end where no matter which choice you make, you will definitely die.
In this game, as the Minister of Finance, he was led by the nose and had no way to stop it.
involuntarily.
Ryutaro Hashimoto thought of the allusion of besieging Wei to save Zhao.
Japan’s current problem seems to be an economic bubble, but isn’t it true that Japan has become a giant sandwiched between the two major forces of the East and the West?
No matter which choice you make, you lose.
Either confront or the Toshiba incident spreads to all industries and is subject to comprehensive sanctions.
Either give way to the US dollar, sacrifice some interests, increase overseas investment, and abandon local industries.
As for these two choices, no matter what I do as the Minister of Finance, I will be led by the nose and end up in failure in the end .
All major financial news media reported the news that the Tibetan Province convened securities banks, life insurance companies and other financial institutions to rescue the market.
Face the camera.
Kiichiro Miyazawa said: "Tokyo 1st and 2nd Divisions, as well as Osaka 1st and 2nd Divisions, have a total of 2,000 listed companies. On the worst day, 800 companies hit the daily limit, and market liquidity is in jeopardy."
"If the liquidity crisis is allowed to spread, the entire financial system will be impacted."
"Especially the risk control line of margin trading business, if the market continues to fall, leveraged funds in the market will be forced to liquidate positions on a large scale, and the consequences will be disastrous."
“.”
"Therefore, measures to limit speculation in the stock market futures and cash arbitrage have become very important."
“.”
In an interview, the deputy governor of the Bank of Japan said: "This is an unprecedented speculative financial crisis. In order to protect the interests of investors and maintain the health of the overall market, only direct entry into the market can stop the decline."
"The Bank of Japan will fully support the province's rescue strategy."
“.”
As the news airs.
The news of Dazang Province's rescue of the market has attracted a lot of attention.
That's why.
At night.
The heads of major financial institutions have all been interviewed by relevant media.
Iida Yoko, president of Nippon Life Insurance, said solemnly: "This is a stranglehold of small and medium-sized investors by international investment banks. Therefore, it is time to strengthen the supervision of public and private offerings!"
"The huge market fluctuations are caused by the expansion of some private equity institutions."
“Therefore, I believe that all public offerings must be subject to a unified and strict system of company registration, product registration, information disclosure, etc.; private placement institutions must also register and submit regulatory information regularly.”
“.”
"The vice president of Mitsubishi Bank expressed confidence in the Ministry of Finance's rescue plan and said that Mitsubishi Bank will invest 200 billion yen to stabilize the market."
"Sanyo Securities announced that it would use 15% of its annual assets, totaling no less than 100 billion, to rescue the market and invest in blue-chip ETFs."
"Sanhe Securities issued an announcement stating"
“.”
As news and public opinion ferment.
Securities news has become the main reporting direction of major media.
The mainstream media invited Kenichi Kamiya, an economic and financial expert from the Department of Comprehensive Policy Studies under Keio SFC Research Institute and President of Mitsui Bank, to interpret the current financial market.
Kenichi Kamiya believes that the expansion of the CaII Market has led to a large influx of foreign capital into the Japanese market, which has pushed up the yen while also causing a large influx of foreign capital into the securities market.
Transactions longer than one month are transferred to the bill trading market, making the interbank lending market similar to the federal funds market in the United States.
In 1988, the interbank lending market allowed transactions within six months, and the bill trading market also began to engage in transactions of one to three weeks, so the two markets tended to be similar in terms of maturity. In particular, the Tokyo dollar short-term lending market provided convenience for participants in foreign exchange financing.
The offshore financial market, which has no statutory reserve requirements, deposit insurance requirements, no interest withholding tax, and is not subject to interest rate controls, has seen its participants increase to 187, including 73 foreign banks.
These banks complete the transactions through foreign exchange brokers.
Although he did not directly say that foreign institutions were shorting the Japanese stock market, Kenichi Kamiya pointed the finger at Wall Street. He also hinted that the central bank and the Ministry of Finance failed to effectively regulate foreign capital, which led to the rapid collapse of the stock market.
News like this is flooding people's horizons through the media.
The little news that Wall Street was shorting the Japanese stock market soon spread to everyone.
"It is said that stock futures have restrictions on opening positions!"
"Really? That's great. If it weren't for the damn Yankees shorting the stock index futures, the stock market wouldn't have fallen so much."
"The damn Americans are so bad."
“.”
For a moment.
In particular, the opening of Nikkei put option trading on the New York Stock Exchange is solid evidence of Wall Street's short selling of Japan.
That's why.
Large, well-known and established investment banks such as Goldman Sachs, Morgan, and Salomon Brothers have undoubtedly become the center of criticism.
The news spread to the United States.
Warren Buffett felt very aggrieved, but didn't know how to explain it to the Japanese.
Although he did short the Japanese stock market and had no good intentions, the money he earned from Japan was earned back by the Japanese. Why should he bear such a big blame for no reason? The president of Morgan Investment Bank was also very upset.
Morgan has been taught a lesson twice by repeatedly shorting Japan over the years, with cumulative losses amounting to billions of dollars.
Now, the victim has become the despicable banker.
At this time, Salomon Brothers was negotiating a merger with Citibank. Due to short selling in the Japanese stock market, the brothers suffered heavy losses. If they did not sell, the only result would be bankruptcy.
Suddenly, I was scolded for making a lot of money by shorting Japan.
Just seriously.
The US conspiracy is indeed not an injustice.
Ever since the Plaza Accord forced the internationalization of the Japanese yen and used the Toshiba incident as a warning to the rest, the situation would have turned out like this sooner or later.
At first.
Solomon also saw the opportunity, but he didn't expect to fail miserably.
All of a sudden, William Solomon understood what it meant to swallow one's own teeth.
This is really like a dumb person eating bitter herbs, unable to express his pain! On the other side.
Japan's major financial institutions also took action in accordance with the Securities Bureau's rescue plan.
Japan Life Insurance is no exception.
As the largest investment institution, it has some responsibilities as a market maker, and rescuing the market at a time like this is its unshirkable responsibility.
Osaka Industrial Asset Management.
As promised, Nao Nagano convened a meeting to discuss rescuing the market.
I thought it was just a trick to fool the higher-ups, but when I heard that they really wanted to use money to rescue the market, after the meeting, Seto Shinnosuke knocked on the door of the president's office.
"Sir, are you really going to participate in rescuing the market?"
"Seto, what are you talking about? The financial market is related to social order. As a department responsible for public welfare, isn't it our unshirkable responsibility to save the market?"
At this moment, sir, please stop being so shameless, okay? Or do you have no idea what is going on?
Seto Shinnosuke secretly complained, but he couldn't understand what Nagano Nao meant by this.
"So, which stocks should we build positions in?"
"At this time, of course, it is time to build positions in weighted stocks, such as Toyota, Sony, and major life insurance or real estate stocks."
Why are they all large-cap stocks? Seto Shinnosuke was a little confused.
But when the leader gives the order, it is the subordinates' duty to cooperate.
Unfortunately, he could no longer make money by short selling, so Seto Shinnosuke cleared the short positions in his secret account and obediently established a large long position.
The next few days.
The stock market did not stop falling because of the news reports of the Ministry of Finance's rescue plan.
Ishiro Honda, a well-known securities analyst at Sanwa Securities, believes that the stock market crash has a lot to do with investors' long-term preference for investing in junk stocks.
It is precisely because of the risk preference of junk stocks and the lack of value, which leads to poor risk resistance, that the market plummets.
It seemed to verify Honda Ishiro's analysis. As the Nikkei fell below 27,500 points, some small-cap stocks suffered heavy losses. Compared with the 28,000 points of the overall market, the market fell by more than 30%.
In this way.
Watching the assets in the account shrink day by day.
Countless investors lost money and went bankrupt.
27430.
Ichiro Yamaguchi looked up at the stocks he held.
The 30 million yuan investment has now shrunk by 70%, leaving less than 9 million yuan.
I'm so heartbroken that I can't breathe.
However, the trading software popped up negative news about the company because of financial fraud and the Securities Bureau had launched a joint investigation.
There are already companies that have gone bankrupt and have been banned from listing.
If the company I own suffers the same fate, I will lose everything.
Thinking of the inside information that Naoto Nagano told him, Ichiro Yamaguchi made up his mind and sold all his stocks.
Keep a little bit, yes a little bit!! Like an eggplant hit by frost.
After work.
Ichiro Yamaguchi came to the Nagayama family.
It was Friday.
Nao Nagano left work early to help out here.
This guy was chatting with Mrs. Yamaguchi, saying some funny things, which made the lady cover her mouth and laugh.
To be honest.
Mrs. Yamaguchi is not as elegant as Kanako Nagano, but she has a more prominent figure and her dressing style is more trendy.
Now she was laughing so hard that her body was shaking, and her majestic strength was a feast for the eyes for SP Naoto Nagano.
I was just about to say something else.
His eyes inadvertently swept across the door and saw Ichiro Yamaguchi walking towards him with a dejected look on his face.
It must be a huge loss!! In this state, it is hard for Mrs. Yamaguchi to be happy!
With such malicious thoughts in mind, Nagano Nao greeted him with a bright smile.
Ichiro Yamaguchi was in a depressed mood, as if he had lost his parents. He hadn't realized that his wife was already being targeted by someone, so he forced a smile and responded.
"Yamaguchi-kun, you look so bad! Haven't you stopped your losses yet?" Nagano Nao's face was full of concern, and he found the right moment to sprinkle salt on his face.
Ichiro Yamaguchi felt a pain in his heart and almost cried: "Because I didn't expect it to fall so much, I stopped the loss today!"
"Hey! Yamaguchi-kun, why don't you believe me? Would I harm you? If you stop the loss earlier, you can lose less money."
"That's not the case! The main thing is that I really lost a lot!"
"Is that why you can't be ruthless? Excuse me, Mr. Yamaguchi, but your indecisive personality is not suitable for investment. The most basic requirement of the financial market is decisiveness."
"Yes! Fortunately, our company has good benefits. If I hadn't bought the company's fund, I really don't know what I would do in the days ahead."
"What fund?"
"It's a collective investment fund, with an annual return of about 20%!"
“.”
Ichiro Yamaguchi was full of relief and told everyone how he bought the Seibu Kinfuku.
Five hundred million! Twenty percent return! Why does it sound so familiar? !
Nagano Nao was stunned for a long time, his face turned red, and finally he couldn't help coughing violently.
"Nagano-kun, are you okay?"
"It's okay! It's okay! I really envy you, Yamaguchi-kun. Being able to work in a company like this is the blessing I've always dreamed of!"
"Yes! Only a president like Mr. Tsutsumi would provide such generous benefits to his employees. But speaking of it, the job at Nihon Seiin is also very good. Nagano-kun should work hard. With your background in Keio Economics, it is only a matter of time before you become a section chief."
(End of this chapter)