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

"How ridiculous! A crow laughs at a pig's blackness? They should just take care of their own mafia first!"

Various news continue to ferment.

While people are discussing this, they are also filled with dissatisfaction and anger towards society.

But what’s interesting is that the shooting of the Sumitomo executives was applauded everywhere, while the incident between the Mujin Credit Union and the Yakuza at the Maple Bridge Moonlight BBQ restaurant was met with only voices of doubt and curses.

obviously.

The head follows the butt, and Sumitomo lost miserably in terms of its stance.

of course.

It’s not that everyone is unaware of the subtleties of the problem.

A bar in Sanchome.

A group of people gathered together and drank.

Talking about the recent deteriorating public security situation, someone sighed and said, "It is true that the economic base determines the superstructure!"

"Yes! If it weren't for the stock market crash and the real estate market going bust, how could so many bad things happen?"

"What a naive guy, you don't really think these are the only reasons?" A drunk guy said with a mocking tone, holding a wine glass.

"Is there another reason why Usa-kun said such a thing?"

"You won't understand even if I tell you, but please understand one thing. Any news in our newspaper will be reviewed countless times, otherwise we will be warned or punished by suspension. Just like the news I wrote before, how many manuscripts can be allowed to be published!"

Yusa said this with a lot of sarcasm and self-mockery.

"Japan is a democratic country with freedom of the press, freedom of speech, freedom of entry and exit, and freedom of foreign exchange. But you don't really think so!

Only those who work in the journalism industry know that the so-called freedom is just a performance!

Negative news is never allowed. Even if they knew about the explosion, they would still report it as a pipeline explosion when they released the news!

"And the girl who jumped off a building in Kobe a while ago. She was covered in bruises. She also committed suicide!"

Full of decadence and drinking.

Yusa chattered on and on about the experiences he had encountered over the years.

The upright and cheerful young man in the eyes of his friends, I don’t know when he turned into the melancholy and depressed person he is now.

Because a female councillor in a town was raped by the mayor, she was sentenced to one year and six months in prison because she had brought a bad influence on the reputation of the town and caused bad economic impact.

After learning about this incident, Usa followed the entire process and reported it. As a result, all the manuscripts and reports were banned from publication.

"No!"

“Is this society so dark?”

"That's why I say you guys are so childish and cute. This is just one town, not to mention that the news has such a bad impact. If it weren't for the permission to publish, do you think you would be able to see this news?"

"Ah! Then why were these news allowed to be published?"

"Of course it's because you need to see it! Can't you see by now that the major financial groups have already started a life-and-death duel?"

"..."

have to say.

People who can work in the media industry can see through many things through the fog.

Since the central bank banned real estate leverage, the Ito Man incident broke out, and the Onoue Hajime incident broke out, things have become increasingly out of control.

By now, Sumitomo, Kangyo Bank, Sanwa, Kogyo, and Fuji have all been eliminated, and the incident of Kizu Credit Union has involved Sumitomo Financial Group. The scope of this fight has spread to the entire financial group and upper-level institutions in Japan.

But not everyone is so pessimistic about the long-standing sense of national pride.

"The depositors were warned by the police and threatened by the Yakuza and were not allowed to go out. This kind of thing must have happened because some bastards were bribed."

"If something like this happens, the Ministry of Finance will definitely take action!"

"These bastards, the Ministry of Finance will definitely deal with them severely!"

"..."

The decades after the war.

The Ministry of Finance's 'non-escort fleet' has built this country from the ruins and made it the world's leading economic power.

Whether it is the rise of Toyota Manufacturing, the merger of Toshiba, or the rise of all companies including Sony and Panasonic, they are all inseparable from this non-escort fleet - macro-financial regulation policy.

Buy the United States, sweep the world, and become the world's No. 1 economy and No. 1 per capita income.

The Yamato people are the most outstanding nation, and their myth cannot be broken. This sentiment fills the hearts of most people.

Not all bureaucrats are as accommodating toward the businesses they oversee, or as easily oppressed by the LDP, as officials from the Construction and Agriculture and Forestry ministries.

The Ministry of Finance and the Ministry of International Trade and Industry were considered more "responsible" and enjoyed higher prestige.

In this country where the conglomerate is at the core and the conglomerate is centered around financial institutions, it is difficult for outsiders to understand the lofty status of the financial sector in this society.

The reason why the financial sector has the supreme status in Japan is because of the existence of the Ministry of Finance.

As the top power institution in the political arena, the Ministry of Finance, in addition to macro-control and financial policies, also has the informal job of protecting the system, that is, preventing the informal relationships in the huge pyramid of personal connections from crossing the line and preventing the abuse of power in the political arena.

If officials from other provinces appear to be too accommodating to the interest groups they support or too easily influenced by politicians, their shares will be cut when they discuss the national budget with Finance Ministry officials.

To get favorable treatment on special requests or new projects, the department must have an overall good reputation with the Ministry of Finance, and a basic requirement for gaining a good reputation is to give real figures.

In the general public's impression.

The staff of the Ministry of Finance are all full of the spirit of kendo struggle and integrity like Ryutaro Hashimoto.

The ideal civil servant who is fair, selfless, hard-working, self-sacrificing, and has only the public interest in mind.

As a common joke goes, the children of officials in the Ministry of Finance's Budget Bureau are born in the winter months - because they hardly see their wives for most of the year.

The ridiculously high divorce rate among Ministry of Finance officials in recent decades reflects this fact.

And at this moment.

As people expected.

Regarding the matter of Kizu Credit Union, the Small and Medium-sized Finance Division of the Banking Bureau of the Ministry of Finance, the Credit Institutions Bureau of the Bank of Japan, and the Deposit Insurance Corporation held a regular coordination meeting.

“This is the current problem of Mujin Credit Union.”

"Non-performing assets and bad debts have dried up liquidity. If we want to save them, I'm afraid we'll need to use a lot of money."

"..."

Represents third-party deposit insurers.

Nao Nagano recounted the affairs of the Kizu Credit Union as usual.

As a subsidiary of Japan Life Insurance, it is very interesting that Japan Life Insurance itself is a third-party deposit insurance institution.

But what’s even more interesting is that this matter involves Zhuzhuan.

However, the expressions of the people in the various departments and offices did not change much, except for the director of the bank's credit department, Honma Tadayo, who showed a hint of shock in his eyes.

Because the Bank of Japan carried out a large-scale institutional reform in May last year, an important part of the reform was the establishment of the Credit Institutions Bureau.

The Credit Institutions Bureau is responsible for policy planning functions related to the stability of the financial system. It has a Credit Institutions Department and a Payment and Clearing Department. The former is responsible for financial regulatory supervision and what is called macro-prudential policy today, and the latter is responsible for formulating relevant policies for the payment and clearing system.

This is how Tadayo Homma, the president of Aozora Bank, became the first director.

In June 1990, just after the establishment of the Credit Institutions Bureau, Governor Yasushi Mieno called him to the governor's office and instructed him to formulate the central bank's response strategy to prevent possible financial institution bankruptcy crises.

But at that time, stock prices were rebounding, land prices were still rising, and the economy was still in the stage of bubble expansion.

Therefore, Honma was unable to know exactly what considerations Mieno Yasushi had in mind when making this arrangement.

There were all kinds of speculations and too many things happening recently. Looking at the young face opposite him, many thoughts flashed through Honma's mind.

"When something like this happens, what good suggestions do you have, Nagano-kun?"

"Japan Life Insurance has an unshirkable responsibility for systemic supervision. I am willing to lead the investigation team to investigate this matter."

"..."

The upright face is filled with determination for justice.

But when these words fell into the ears of several directors of the Ministry of Finance, they all criticized them as mothers.

reason?

The establishment of the Housing and Urban-Rural Development Zone in the 1980s is closely related to one person, Kakuei Tanaka, who was hailed as the strongest civilian prime minister.

The pie of national resources is divided in an almost predetermined way that requires regular spending by LDP clients and conglomerates such as Mitsui and Sumitomo to ensure political peace.

The rigidity of this routine operation within the system means that deficit spending is a constant nightmare for officials at the Ministry of Finance.

Officials at the Ministry of Finance are, without exception, known as “fiscal conservatives”; and there are good reasons for their “conservatism.”

Because once a trend is started in Japan, it is difficult to stop, let alone reverse it.

The informal relationships that make the political economy work cannot convince its key players to give up immediate benefits.

Any important provisions to limit deviant behavior will not be recognized, and appeals to national interests will be of no avail.

However, since Tanaka took office, he forcefully eroded the power of the Ministry of Finance and even set up a personnel exchange system in the Central Bank, which led to the Ministry of Finance being parachuted in and sidelined. The Central Bank's rebellious intention intensified and even laid a huge opportunity for the Central Bank to break away from the supervision of the Ministry of Finance today.

The "Breaking the Fiscal Deadlock" movement is an effort to build the Ministry of Finance's Budget Bureau into the strongest political entity.

Because each province usually has a major rival in the other provinces.

For the Construction Ministry, that's the Transport Ministry, which has jurisdictional claims over roads and wants a cut of gasoline taxes.

For the Ministry of Finance, its biggest rival is the Ministry of Posts and Telecommunications.

The Postal Ministry operates the Postal Savings System, the world's largest financial institution and the strongest and largest savings bank, giving the Postal Savings System the power to set higher interest rates.

The Postal Ministry also turned a blind eye to the practice of opening multiple savings accounts under false names to evade taxes, which gained it influence, but also caused heavy losses to the Taxation Bureau, the core of the Ministry of Finance.

What's worse, the Ministry of Posts and Telecommunications and the Central Bank colluded to resist the Ministry of Finance's parachuting.

Therefore, the Ministry of Finance's hatred for the Ministry of Posts and Telecommunications was deep-rooted. It was in this context that the Housing Bureau came into being. The Director of the Secretariat of the Ministry of Finance would arrange more than 20 senior positions for retired officials every year.

Now, the liquidity of Kizu Credit Union has been exhausted, and the blame is directed at Zhuzhuan. However, Nagano Nao looks guilty and says that he is willing to take the lead in a thorough investigation.

Check yourself?!

"Please don't blame yourself, Nagano-kun. When it comes to responsibility, the Financial Bureau has the unshirkable responsibility for this matter."