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

Obviously it is a meeting at ministerial level or above.

Ida Yoko went straight to the point and said, "The new monetary policy adjustment has been finalized. I just received news from the Bank of Japan that the central bank plans to reduce interest rates or discount rates to release some liquidity starting in July."

The so-called discount rate, in simple terms, is the face interest rate that commercial banks pay when they borrow from the central bank.

If the central bank's discount rate increases or decreases in long-term loans, the interest costs that commercial banks need to pay will change accordingly.

In other words, in theory, by adjusting this interest rate, the central bank can influence the enthusiasm of commercial banks to lend to the central bank, thereby achieving the goal of regulating the interest rate and capital supply conditions of the entire monetary system. It is one of the important tools for the central bank to regulate market interest rates.

"Why would the central bank suddenly make this decision? A bubble economy is completely harmful to long-term sustainable development. Although some results have been seen in deleveraging, both the stock market and housing prices are still too high!"

"This is just the initial idea of ​​Governor Mieno Yasushi. The Accounting and Statistics Bureau and the Banking Bureau will study it. What we need to do is to make strategic adjustments if the monetary policy is adjusted."

"If it is passed, the proportion of government bond purchases in the second half of the year should be reduced. The securities market can also take the opportunity to build some positions."

"That... I'm afraid not! The Russians have been on strike every day recently, and it was said that the military lost control some time ago. In this case, the United States has no rivals anymore. I'm afraid it will have to give way to the recovery of the U.S. economy!"

"..."

Several people in the institute were arguing endlessly.

Iida glanced at Nagano Nao and asked, "What do you think, Nagano-kun?"

"The biggest responsibility of the life insurance is to ensure that pensions are paid on time to the national retirees. However, with the increasing aging population and the increasing scarcity of new blood, this pressure is bound to continue to grow. In addition, trade exports have been suppressed, and the Bank of Japan may also want to intervene in the exchange rate by easing monetary policy because of the problem of export trade. But what Mr. Hatoyama said is also correct. Judging from the international situation, even if the interest rate is cut, it will be difficult for the local currency to break the appreciation trend, so I think that the overseas investment strategy is imminent."

"In that case, I'll leave it to Nagano-kun!"

"Nani?"

"Market expansion in Dahan has been allowed, but the relevant documents still need to be signed by an important person. Nagano-kun is fluent in Chinese and has a deep understanding of Chinese culture, so..."

Oh shit.

Got cheated!

Look at those idiots who were making a lot of noise just now, now they are looking at their noses with their eyes and their hearts with their noses.

Nagano Nao immediately cursed the women in the families of these bastards in his heart.

It was obvious that these bastards didn't want to go over there, so they dug a hole for themselves.

"Well... I've never been to Dahan, and I don't know much about the culture and etiquette there. I've never been to this kind of exchange, will it be..."

"Don't be so modest, Nagano-kun. You are able to study the Book of Changes, so you know more about Chinese culture than I do! So, I'll leave this matter to you!"

clap clap clap!

I secretly slapped myself in the face in my heart.

show!

Xiu'er!

Let you show off.

Now he's struck by lightning again!

no way.

Nagano Nao could only agree with a gloomy face.

After the meeting.

Members of the institute, ministers and officers left.

Nagano Nao had a gloomy face and went to the office with Ida Yoko.

Seeing that the boy looked unhappy, Jingtian poured the tea and joked, "You kid, are you angry?"

"Nagano, I wouldn't dare! If the lord digs a hole, I will jump into it without complaint even if I die!"

"Shameless guy, don't be so ungrateful after getting the advantage!"

"Nani?"

"In addition to cooperation in life insurance, cultural exchange activities will also be carried out. Mr. Seiji Tsutsumi, who recently served as the president of the Japan-China Cultural Exchange Association, will also go with us. In addition, Ms. Makiko Tanaka, the director of the Cultural Affairs Bureau, will also go."

"Ah! I knew that you, the president, are far-sighted and talented. It is a great honor for Nagano to be able to follow you, sir."

"It seems like you're good at flattering people! You didn't have this expression just now."

"I'm just thinking about how to flatter you, old man!"

"Stop flattering me and tell me what's going on with the Kaibu family. I'll help you make a decision."

"Ah! It's all blood, tears and tragedy! That bastard Tsutsumi Yoshiaki wanted to mess with me before, and I don't know how he used Kaibu. Under that situation, you know, Oji-san, he must be very angry..."

"..."

Nagano Nao had a sad face.

I briefly talked about how I met the Ministry of Marines and how things got to where they are today.

Jingtian Heng listened for a long time without saying anything. He didn't know whether to praise the boy or call him a bastard.

"You bastard boy are really... quite capable! You dared to force yourself on the daughter of the Prime Minister. Are you full of shit in your head?"

"Just a niece!"

"What's the difference between her and a daughter? Kaibu Oko's father died early, but she was raised by Kaibu Toshiki."

He’s just the mayor of Nagatacho!

What's so great!

Although he didn't say this, the expression on Nagano Nao's face was obvious.

Ida Yoko didn't know whether to laugh or cry: "This kind of thing is very embarrassing after all. So you have to be prepared. If you refuse, Kaibu may fight you to the death."

"But being controlled like this, won't it be..."

"Although the influence of the Haibu family is not great, they still have some connections. Don't look so reluctant. Besides, the Haibu family has good genes, so you are taking advantage of it! Besides, if it weren't for the beautiful women of the Haibu family, would this happen? So, don't look so embarrassed."

"That's true, but if your opponent becomes your cheap father-in-law, that would be troublesome."

"What does being a father-in-law have to do with it? You are so shameless, why would you care about this relationship?"

"I am a very sentimental person!"

"Don't worry! Kaibu won't break up unless he has to defend the dignity of the Kaibu family. He just wants to be more decent and retain his dignity by losing this game."

"I understand!"

at this time.

Ministry of Finance.

Due to the release of monthly CPI data, the central bank has submitted a proposal to cut interest rates, and the research institute has launched a discussion on the new price index and economic policy.

"According to the current average monthly salary of 1000 yen per person, it takes half a year of labor to buy a family car. If converted according to the cost of living, three basic meals also cost yen. The value of one day's labor can only guarantee ten days of living. Isn't it too oppressive and lead to social instability?"

"The huge expenditure still comes from housing expenses. The average housing price of 800,000 per stack means that the annual labor value is only equal to 5 stacks. Such a lowly and cheap value exchange will only bring huge pressure on life. Will it lead to a further decline in the birth rate and a decrease in demand, forming a vicious cycle?"

"Moreover, in the fruit market, the price of most fruits has increased by 20% this month. With the loose monetary policy just beginning to show its effect in de-bubbling, will it cause the bubble to expand again?"

"In the long run, if the foundation is not solid, the building will not be stable, so I do not agree to loosen the money supply at this time."

"..."

Mieno Yasushi clenched his fingers.

Listen quietly to the opinions of the institute members.

Although these people's opinions were completely contrary to his ideas, the Bank of Japan president, who was known as the genius of the Heisei era, did not show any dissatisfaction.

Because the Ministry of Finance's Economic Research Institute is composed of economic experts from major universities.

Most of these people are absorbed in research and have little interest in political struggles. Just as the Institute previously supported monetary tightening, these people now oppose it, also based on the fact that the bubble economy has already caused serious consequences for the nation's future.

Aging population and declining birth rate.

A curse that developed countries seem unable to escape.

Even though Japan had prepared for this twenty years ago, the situation remains the same now.

Wait for the experts from the institute to finish speaking.

Mienoyasu stood up and bowed.

"I agree with your suggestions. Economic pressure and high inflation have led to uneven distribution of resources, which has had a serious impact on the future of this country."

"It is undeniable that trade is the only foundation of Japan. I think Mie, like all of you, hopes that capital can be injected into manufacturing rather than housing and agriculture."

"Therefore, when proposing to implement an accommodative monetary policy, Mie had already considered the impact on the domestic economy."

"According to the current international situation, domestic demand will inevitably decline significantly. Problems such as low birth rate, aging and population decline are unavoidable in the short term."

"Therefore, increasing overseas investment has become an urgent issue."

“But how can we ensure that funds will not be injected into real estate again, causing the price index to rise further?”

This is a tricky question.

The financial industry!

Various personal relationships and corruption issues have always been the focus of attention.

Once the monetary policy is liberalized, it will be difficult to guarantee that the consortium structures will not invest capital in real estate under various pretexts.

But these words are also very targeted.

The power and responsibilities of the Ministry of Finance have always been the source of financial corruption, so in order to ensure that assets are not injected into real estate, the Ministry of Finance needs to be more upright and honest.

Everyone present looked at Ryutaro Hashimoto.

He wanted to call Mieno Yasushi a bastard, but as part of his duty, Hashimoto could only say: "Strengthening window guidance is a duty that the Ministry of Finance will never relax, so the Banking Bureau must strictly control the flow of funds in urban banks and ensure that funds flow into manufacturing rather than real estate."

"..."

night.

Chiyoda Ward.

As the financial center of Tokyo.

There are obviously many more high-rise buildings here than in major metropolitan areas.

Seven o'clock is the golden hour here, which is worth tens of millions of dollars. The streets are crowded with cars and people, and the street lights illuminate the streets like daylight.