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

"Manufacturing loans fell 30 percent."

"..."

“Look at this data!”

"We went from being a country with a large savings population to one with a per capita debt of 260,000 yen."

"The cabinet keeps saying they want to stabilize the birth rate, but can't these idiots see where the problem lies and how serious it is?"

lounge.

A young man talked a lot about economy and policies, complained and expressed dissatisfaction with the cabinet.

This kind of thing is a hot topic that every man pays attention to, and it soon attracted the voices of others to echo.

Someone mocked and said: "Each of those guys is a bastard smarter than a mouse. How could they not know where the problem lies? It's just that the only function of these parasites in the cesspool is to be a dung-making machine!"

"If the average debt of 5 million or 200,000 per capita is shared among those who have the financial means, the pressure may increase by at least three times."

"That is to say, every family may have an average debt of more than 15 million."

"Even if we calculate based on the average annual income of four million per family, after paying for mortgage, living expenses, and commuting expenses, it would take fifteen years to pay off one million in savings."

"So I don't know what those idiots in the Ministry of Finance are thinking? Houses? Houses made of steel and concrete. Can such low-tech things earn foreign exchange?"

"The problem is, if every family has to repay such a high debt for fifteen years, once the economic bubble is passively punctured, how can they make up for the fifteen years of overdraft?"

"They keep talking about the second largest economy, but look at it now. Apart from the sense of superiority brought by Tokyo's housing prices, what else is there worth fighting for?"

"Hey! Are we going to have to go through what Britain went through? Don't these bastards know how to read history?"

"The biggest lesson mankind has learned from history is that mankind does not learn from its lessons. Look at what those parasites can do besides kneeling!"

"Maybe this is the noble spirit of our Yamato people!"

Noble spirit?

Nagano Nao happened to pass by and didn't understand what this meant.

When I realized that this guy was fluent in Chinese, I almost burst out laughing on the spot.

I thought that mocking these guys' craftsmanship on the Internet in the past was already a sign of contempt, but I never expected that the Japanese themselves would be even more ruthless in despising such things.

"Seriously speaking, the cabinet has done a great job!!"

"What's good about that? They keep saying they are worried about the birth rate, but they ignore the harm that high housing prices do to young people. On the one hand, they say young people don't work hard, and on the other hand, they say the aging population is increasing and retirement is delayed. Even a pig knows how hypocritical and shameless these contradictory statements are!"

Some young people were talking one after another, looking like angry and unwilling young men.

Just after he finished speaking, he suddenly found that his colleagues around him stood up and bowed to him, and he was immediately stunned.

No way!

"Look at those guys now. They always show a hypocritical look of heavy concern, saying how serious the impact of the decline in birth rate will be. But apart from our President Nagano who is truly worried about the future of this country and proposed substantial benefits such as love allowances, who else has made real changes!"

Done.

The young man turned his head, as if he had just learned that Nagano Nao was coming. There was a look of surprise on his face, and he quickly lowered his head in fear.

"I'm sorry, President! Because... because... but I didn't mean to offend you by saying this, so please don't blame me!"

After talking for a long time, nothing came out.

Just this flattery made even the straight men in Nagano feel ashamed.

Worried about the future of this country?

Come on!

It's all a coincidence!

"It's okay. Actually, my friends and I would complain about this kind of thing, but compared to other places, we are doing pretty well in this regard. Take Hong Kong for example. The house price per square meter is 80,000 Hong Kong dollars, and there is also a shared area, but the income is only about 8,000. Isn't that even more outrageous?"

"Well... Hong Kong was colonized by the British after all, so it was severely exploited!"

"But apart from here, I heard that in some countries the average income is 30,000, the house price is 30,000, and the average debt is 5.26 million! And they still live like normal."

"No way, there is such a country."

"It must be an African country. I heard that the black people there are darker than each other!"

"..."

Young people are always interested in building a government and an economy.

We found that Nagano Nao was also very interested in this topic and was not arrogant, so we started chatting enthusiastically again.

suddenly.

Someone ran over.

With excitement, he clenched his fists and the excitement in his eyes overflowed.

"I heard that the down payment for real estate loans has been increased to 75 percent."

"What? How could this happen?!"

"No way! Have those idiots in the government finally realized the dangers of overspending?"

"Great! Looks like these idiots have finally decided to burst the bubble."

Everyone here is a graduate from major universities.

Who doesn’t know what kind of changes increasing the down payment from 30% to 75% will bring?

Real estate will never fall?

This kind of nonsense from economic experts is only meant to fool fools.

Strictly speaking, in the allocation of social resources using monetary coordination tools, the essence of money is just a tool for allocating labor and resources.

But the situation between the Soviet Union and Mao Zedong has become bad, and global economic and trade exchanges have become very unlikely.

What is the meaning of garbage like real estate that has no circulation and exchange value in such a great era?

Moreover.

The birth rate has been falling, demand is decreasing, and supply is increasing.

Even high-tech products cannot violate the economic law of supply and demand, so how could garbage like real estate never fall behind!

"I don't really believe this kind of news. How could those idiots know the harm of bubbles?"

"Who dares to question the survival of the nation? Lord Miyeno Yasushi scolded those bastards severely at the meeting..."

"..."

The down payment is increased to 75 percent?

Even Nagano Nao knew that the bubble would eventually burst, and he was still shocked when he heard the news.

What concept?

The reason why housing prices have been rising all the way is that after the Plaza Accord, the central bank had to intervene in the appreciation of foreign exchange by injecting unlimited money in order to counter the pressure of appreciation of the yen.

However, because the printing press was running, there was too much money and nowhere to spend it, so the money flowed into the real estate industry to serve as a reservoir.

As funds are injected, the pool turns into an ocean, and naturally the water level rises and all boats move higher.

In human terms.

That is, 30% of the income adds three times the leverage to real estate.

And now, that leverage has been removed.

Seventy-five percent down payment?

Do not!

This is equivalent to directly overturning the bottom of the reservoir!

Too bad!

It was so cruel that it was like stabbing himself in the stomach.

Because in the primitive era of commodity flow, demand and supply often resulted in new exchanges based on the gap between demand and supply.

Only with the emergence of money, any commodity is endowed with special financial attributes.

So things often happen that ordinary people cannot understand.

When the supply gap is 5 percent, the price increase is not 5 percent, but may reach 20 percent, and if the supply gap reaches 10 percent, the price will double or more.

just now.

The funds injected into the real estate were directly intercepted...the price...

......

Tokyo.

Arakawa District.

A young man around thirty years old.

Holding a briefcase, she stood at the door of a real estate agency and raised questioning voices with dissatisfaction and anger.

"Nani?"

"Seventy-five percent down payment?"

"It was only 30% yesterday, why is it suddenly so much?!"

I don’t want this to happen either!

If possible, I would love for you to give me a commission!

The intermediary staff smiled bitterly.

No bank dares to violate the vertical guidance policy of the Central Bank and the Ministry of Finance.

As a real estate sales professional with a little experience, everyone knows what it means when the down payment is suddenly increased to 75%.

"I'm sorry, Mr. He Yuan. It's just that this is the latest guiding policy of the central bank, and there is nothing we can do about it!"

"This is too much! Houses are already expensive, and a 75 percent down payment will make it even more unaffordable!"

"I'm so sorry! But..."