In Tokyo, even the most fierce dragon is afraid of the hatchet

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"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 Guan Tianjun either couldn't find anyone or no one answered the phone...

......

Japan is a state-owned 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$360 billion in the IBM 50 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 40 billion and its net profit reached 10 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.

How to do?

Burn money!

Led by the Ministry of International Trade and Industry and the Ministry of Health, Labor and Welfare and guided by the policy of the central bank, Japan's Nikon and Canon, which are totems of the electronics industry, have begun 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 to 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.

at this time.

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: "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 tool or means to stimulate the economy in the short term. 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.

Dudu!

"Is that President Asano? I'm Yoshiaki Tsutsumi!"

"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!"