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

You have betrayed your ideals and class!

But even though he cursed in his heart, Nagano Naoto still looked upright, with a frank look that said, "I'm optimistic about you." He nodded and said, "Then I'll leave it to Shimizu-kun."

"..."

Kyoto City is not far from Soraku County.

After driving for thirty minutes, Shimizu Terugao arrived at her destination, Sagara-kunkizu-cho.

Because it was exposed by TV stations, many depositors blocked the entrance of Mujin Credit Union, holding banners that read - Give me back my hard-earned money!

In addition, there were reporters holding guns.

It is not a smart choice to show up at this time.

After making a phone call, the other party replied that he was at a nearby club, so Qingshui Teruyan drove over.

"Lord Shimizu!"

"Lord Shimizu!"

There were more than a dozen people smoking in the club, and the whole space was filled with smoke. When they saw Qingshui Zhaoyan coming over, many people stood up and greeted him.

There were senior executives from Sagara Mutual Financial and Kizu Credit Union. After greeting each other, Kan Naoshige, the president of Sagara Mutual Financial, and Shimizu introduced their identities.

"This is the mayor of Kizu Town, Minami Genshige, this is the president of Kizu Credit Union, Tani Ten Chiichi, and this is our club director, Mr. Shimizu."

"..."

Bow +1.

A lot of hypocritical courtesy.

As the representative of the controlling shareholder, Shimizu Terugao launched an investigation into the handling of this crisis.

The situation is quite bad.

After 1988, Mujin Credit Union not only provided mortgage loans to residents, but also provided financing to commercial real estate developers with incomplete qualifications, and even acquired a large portion of commercial real estate equity.

These guys are not only engaged in P2P, but also investing in real estate themselves.

7650000000000!

See this number.

Even though she was parachuting down from above, Qingshui Zhaoyan still felt dizzy.

The total loan amount was as high as 7.65 trillion yen, but the liquid funds on the books were only 2 billion yen.

What about money?

Apart from a large amount of pledged real estate in hand, you can easily guess where the rest of the money has gone.

What should be distributed has been distributed, and what should be taken has been taken. It is simply impossible to expect these guys to spit out the money.

But now, with the central bank issuing a guiding window instruction, the real estate market has plummeted and major banks have seen a wave of home abandonment and mortgage defaults.

The real estate held by Mujin Credit Union is completely unsaleable.

This means that if the debt cannot be converted into cash, the bad debt of Kizu Credit Union may reach tens of trillions of yen.

Damn!

It’s such a big hole, it’s impossible to fill it up even if you bury me in it!

How to do?

Of course it’s running away!

He didn't even bother to curse.

Qingshui Zhaoyan dropped the job and ran away on the spot.

Nagano Nao was also stunned when he received the report: "So, there are only 2 billion yen in Kizu's account now?"

"Hayi!" Qingshui Zhaoyan said with a bitter face. The situation was so bad that it was completely beyond his expectations.

"Have these bastards gone crazy?"

"..."

Seriously.

This really can’t be blamed on Mujin Credit Union.

As the second largest credit union in Japan, Kizu was very rigorous when it was first established.

But the problem is that in 1990, the total number of factories in Kyoto Prefecture was 16.7, of which 99.1% were small and medium-sized enterprises, accounting for 2.5% of the national total, ranking 11th.

The total industrial output value was 57795 billion yen, of which the electrical machinery industry accounted for 18.3%, the fiber textile industry accounted for 12.6%, the transport machinery industry accounted for 10.8%, the beverage and feed industry accounted for 9.0%, and the general machinery industry accounted for 7.1%.

Modern industry has formed a group of high-tech enterprises.

For example, Shimadzu Corporation mainly produces advanced medical equipment and aviation equipment; Kyoto Precision Ceramics is engaged in the development and application of new ceramic materials and the production of advanced cameras and other cutting-edge technology products; Tateishi Electric develops and produces a variety of advanced electrical machinery, such as automatic ticket gates, computer automatic doors, electronic medical equipment, etc.

Obvious.

When it comes to making money, industrial manufacturing is really not good at it.

The total industrial output value of the entire Kyoto Prefecture is only more than 5 trillion. With more than 100,000 companies, how much can the total profit be?

Take Ito Man Trading Co., also located in Osaka, as an example. With a loan of more than 1 trillion, based on an interest rate of 10%, the bank's annualized profit is more than 100 billion.

This is all real net profit.

Mujin has released 7 trillion yuan, part of which is for consumer finance, part of which is to help real estate developers with insufficient qualifications to get through, and part of which is for personal mortgage loans.

These interest rates are generally between 20 and 30 percent.

What concept?

If the situation is good.

The Kizu Credit Union earns one-third of Kyoto Prefecture's total industrial output in one year.

Moreover.

How could speculating in real estate be risky?

In order to encourage citizens to buy houses, the government even issued a "White Paper on Land Use", in which it claimed that "current housing prices are in line with the trend of my country's economic development, and the rise in land prices centered around Tokyo is caused by actual demand." This statement openly endorses the rationality of high housing prices.

But no one expected that the central bank would take such a drastic action this time, directly forcing the Ministry of Finance to agree to increase the down payment to 75%.

on the surface.

It’s just a matter of increasing loans. As long as there is demand, house prices will not fall.

The problem is that the current fertility rate is declining. From the data released by the Ministry of Health, Labor and Welfare, even a fool can see that there will be no demand in the future, and supply will simply exceed demand.

It should be noted that with the development of the financial industry today, real estate has also been endowed with financial attributes.

Increasing the down payment ratio means deleveraging. Bank capital can no longer flow into real estate, and without the central bank's financial support, the current forced liquidation avalanche has occurred.

More than 7 trillion in loans.

Converted into US dollars, it is more than 70 billion US dollars.

If you compare it with a neighbor, you will find that the GDP of the next door is only 120 billion US dollars, so you will know how terrifying this number is.

Can't carry it!

No one can bear it.

The board of directors consultation was held again.

Nagano Naoio threw the documents on the table and laid his cards on the table.

"There are only 2 billion on the books out of a loan of 7 trillion. What do you think of this?"

"This is not a big problem. With large-scale high-quality assets, we can find banks to take over."

Vice Chairman Asajima Hanfu said indifferently, relying on his seniority.

Officer Noyama Yu then responded, "Yes! The main problem right now is the depositors. It should be easy to solve as long as we stabilize their emotions!"

so?

What you mean is that I am not good enough as the president?

It's fine that you usually act like a senior, but are you pretending to be cool in front of me now?

There was a snap.

Nagano Nao picked up the ashtray on the table, aimed it at Noyama's bald head and smashed it at him.

A scream came out.

Following a few clanging sounds, the ashtray made several circles on the ground before slowly falling to the ground.

Noyama Xiong screamed, covered his head and fell to the ground unconscious.

Bright red blood gradually seeped out from his forehead.

There was no sign at all.

It only took a breath from Nagano Nao's outburst to Noyama Yu becoming like this, and the people present couldn't even react.

The entire conference room was filled with panic.

Everyone stared at Nagano Nao in amazement. No one expected that he would dare to use such a heavy hand.

A long time passed.

I don't know who swallowed secretly.

Asajima Hanfu finally reacted and stood up and shouted angrily: "Baga! Nagano, you bastard, are you crazy?!"

He straightened his suit which had just been messed up.

She smoothed down her hair which was a little messy due to the force.

sit down.

Light up the cigarette and burn it.

Nagano Nao took a deep breath, waited until his breathing stabilized, and then said coldly: "Asashima-kun, are you teaching me how to do things?"

"Asshole! What's that tone of voice?" Cursing angrily, Asajima hurried to see Noyama's situation.