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

Kiichiro Miyazawa then talked about the current stability of the financial market.

It's all high-sounding official rhetoric, about the survival and development of enterprises and the stability of financial markets, which are related to social order and the long-term stability of the economy, etc.

Done.

Kiichiro Miyazawa added: “Does Mido-san think that at this time, we should take some measures to stabilize market sentiment?”

"Confidence is more important than gold. At this time, Hase believes that stock index futures should be shut down first and short selling should be prohibited!"

“Not only that, as long as selling is banned, the market will surely be stabilized quickly.”

"Nagano-kun, do you have any good ideas?"

"Nagano believes that as long as the stock market falls, some highly leveraged funds will flee, otherwise it will burst. This part of the highly leveraged funds is the root cause of the stock market's surge and plunge.

At this time, all major companies should work together to maintain market order. Osaka Asset Management will mobilize 30 billion yuan to take the lead in this regard. "

"Where's Sekiya-kun?"

"Guangu also thinks so. At this critical juncture..."

"..."

Chapter 267 It’s all a conspiracy of the United States

You say a word.

I said a word.

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.

Hear 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 families!

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.

Complete the task 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 Minister of Finance'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...

......

The day.

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 rescue strategy of the Ministry of Finance..."

"..."

As the news airs.

The news of Dazang Province's rescue of the market has attracted a lot of attention.

So.

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 2000 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 that..."

"..."

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 market allowed transactions within 6 months, and the bill trading market also began to engage in transactions within 1 to 3 weeks, so the two markets became similar in terms of maturity.

.In particular, the Tokyo dollar short-term lending market provides 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."

"..."

All of a sudden.

The American conspiracy has made the people united in hatred of the enemy, and everywhere there are voices cursing the bastards on Wall Street for their cruelty.

In particular, the opening of Nikkei put option trading by the New York Stock Exchange is solid evidence of Wall Street's short selling of Japan.