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

There is nothing that cannot be done.

And how much humanity do I have left?

August.

Credit institutions that provide loans to small and medium-sized enterprises or micro-enterprises, such as the Osaka Prefectural Credit Union and Kamaishi Credit Bank, have gone bankrupt.

As a third-party deposit and loan institution.

Nao Nagano was once again involved in the bankruptcy liquidation.

Although we have long known that finance is just a game of power and a form of civilized exploitation in modern society, looking at the accounts of major financial institutions still makes us feel shocked.

Trillions of funds have flowed through various channels and no one knows where they have gone. On the surface, these funds are dragged down by real estate, but clues show that the whereabouts of these funds are closely related to the Ministry of Finance.

Just like Kamaishi Credit Union.

A large part of the funds have close dealings with financial institutions that are converted from residential properties. The dark side of bad debts is that why these funds were able to slip away under the nose of the Audit Bureau of the Ministry of Finance has become a mystery.

Just one month.

More than forty town banks and long-term credit banks went bankrupt one after another.

Because these banks have third-party deposit and loan insurance, and pay reserve requirements as required, there was not much trouble even though the major life insurance companies and the Bank of Japan got involved personally.

end of the month.

The Banking Bureau of the Ministry of Finance has issued an official document to audit securities, trusts, urban banks, long-term credit banks and other financial institutions, ensuring that the bottom line of systemic financial risks is maintained.

However, the bottom line is often meant to be broken.

In September, Chiba Credit Union in Chiba Prefecture declared bankruptcy, and 1.6 trillion in non-performing loans once again faced the Bank of Japan.

It's like the domino effect.

As rural banks frequently faced debt crises, the fire finally spread to urban banks. At the end of October, Hyogo Bank, the largest urban bank in Hyogo Prefecture, was in crisis, and 16 trillion bad debts were once again on the table.

The Bank of Japan and the Banking Bureau were furious.

At a time when we are strictly guarding the risk bottom line of the financial system, Hyogo Bank has clearly failed to fulfill its responsibilities.

A joint investigation team was set up and a 360-member audit team was dispatched to conduct the investigation.

When all debts are laid out before you.

The data is shocking.

In 1990 alone, Hyogo Bank loaned out 3.6 trillion yen. An ordinary employee with an annual income of only million yen had more than billion yen in bad debts under his name.

What's even more outrageous is that a dead person opened a construction company, and tens of billions or hundreds of billions of debts were actually borrowed by a dead person.

No surprises.

Senior executives at various levels of Hyogo Bank were arrested.

But when the people from the Financial Investigation Division arrived, they watched the president of Hyogo Prefectural Bank jump from the building.

The key figure, the president, had gone to Brazil several months ago, and the financial director unfortunately passed away due to a sudden heart attack.

The debt remains even after the person dies.

It is a long-standing tradition in Japan.

According to regulations, under the protest of tens of thousands of depositors withdrawing their money, the Bank of Japan had no choice but to set up a bad debt handling agency to give an explanation to the depositor.

But since the real estate boom has ended, the prices of fruits and vegetables have been rising, and the central bank cannot create money out of thin air, which has aroused condemnation and opposition from public opinion.

The four major newspapers all raised severe questions.

Since the bankruptcy of financial institutions is caused by poor management, why should the Bank of Japan be the bank of last resort?

Mie Ye Yasushi had no way of expressing his pain.

Because Hyogo Bank made many false accounts in its books, it was able to conceal the repeated inspections by the Audit Bureau of the Ministry of Finance and the Credit Institutions Department of the Bank of Japan.

The scale of its debt is not enough to repay it based on the third-party deposit and loan insurance it paid previously.

Therefore, the only solution is for the Bank of Japan to step in and take over these debts.

But as the media has questioned, currency represents the integration of resources, and the Bank of Japan and the cabinet cannot create resources out of thin air. In this case, the money that the Bank of Japan guarantees will need to be paid by the whole society. Why should the people bear the consequences for such irresponsible behavior?

Will it exacerbate corruption problems in financial institutions and lead to ethical and other risks?

Where did the money go!

This is an unsolvable problem.

Only those who know have an answer in their hearts.

End of October.

Toshiki Kaifu stood on the stage, lowered his head, bent over, and announced his resignation amid a chorus of curses for his failure.

Cursing sound.

Roaring in my ears.

Kaifu Toshiki smiled bitterly and asked himself that during the years he served as Prime Minister, he was incorruptible and had never done anything that went against his duties.

But that's how politics works, whether you're a good person or a jerk.

The Ministry of Finance, which has long been known for its integrity and responsibility, could not escape this uproar. Finance Minister Ryutaro Hashimoto knelt on the ground, accepted criticism and responsibilities, and resigned from his post.

When it comes to corruption in financial institutions, the Minister of Finance, who is known as the Minister of Kendo, is filled with shame. He knows that he is being abandoned by the consortium, but he can only bear all the responsibility.

unconsciously.

It's the end of the year again.

As in previous years, Nihon Seibo held a meeting to plan the lucky bag project.

But this time, Nagano Nao was sitting in Kyoto, took the report of the classroom responsible for this matter, looked at it, and asked for permission for Akina Nakamori to be the advertiser.

December.

There is news from Eastern Europe.

As expected, the Great Mao family split up completely.

"..."

The changes of heaven and earth.

It will inevitably bring about new environmental changes.

With the fall of Russia, major financial groups have increased their strategic investments overseas.

With the formation of a new Social Democratic cabinet, the Asset Disclosure Law was allowed to pass.

According to the law, all civil servants, whether they are national civil servants or county and city civil servants, must disclose their family assets, including the assets of their immediate family members.

Including real estate, residential area, deposit units, securities assets, etc.

Civil servants across the country are experiencing a wave of resignations, and those who remain have to sell their properties to avoid violating relevant laws and regulations.

The impact of the massive housing supply on the market can be imagined. Tokyo's residential prices plummeted by 30%, from the highest price of 1.6 million per unit to 800,000 per unit.

The economy suddenly became bad.

The new Socialist cabinet had to clean up the mess left by the Liberal Democratic Party.

However, the debt scale of major financial institutions has reached an unprecedented proportion, with the per capita debt as high as 16,000 US dollars. In this country that mainly relies on men's work, the per capita household responsibility can be imagined.

What's worse is that due to the plummeting housing prices, a wave of bankruptcies began to appear in the real estate-related industries, which in turn affected related industries such as decoration and lumber mills. Bankruptcy and unemployment were everywhere, triggering a series of social problems.

It’s called life insurance.

A new day has arrived.

Nao Nagano rushed to the company with his briefcase.

A guy suddenly bumped into me from behind, but he just brushed past me without any intention of apologizing.

This is very un-Japanese.

So, the young Nagano started to curse: "Hey, hey, hey! Don't you know how to apologize after bumping into someone? That's too rude!"

"I'm sorry!" The other party from the Mechanical Department bowed, and after finishing the job he actually went into the Life Insurance Sales Department.

Seeing the other person's unhappy expression, Nagano Nao thought he was a new employee, so he followed him, ready to show the president's domineering attitude and let this kid know what it means to have the power to do whatever he wants.

"Blow you Chihuahua!"

"Hello, I want to buy a life insurance policy."

"This is the most cost-effective insurance in our company. It covers 78 major diseases, as well as accidental life insurance, etc...."

The staff explained the terms of the insurance very politely.

The other party asked expressionlessly: "If you commit suicide, how much compensation can you get?"

"This is mainly compensated according to age and family support, but sir, although life is hard, there are still many beautiful things waiting for us to discover, so please be strong, no matter how difficult things are, they will definitely pass."

The clerk was a very enthusiastic young man. He noticed the customer's expressionless face and cheered him up with his fists and bright eyes.

The customer seemed touched, thanked him, and bought the high-value insurance policy worth 38 yen.

The clerk took the driver's license and filled in the information. After the other party stamped it, he thought of the frequent suicides recently and said with some concern: "Sir! I don't know what difficulties you have encountered! But please cheer up! Breathe fresh air every day, look in the mirror, and you will be happy!"

"Thank you! Thank you so much!"

Looks a lot more energetic!

Thinking this, the clerk escorted the customer out of the sales department.

exactly.

Install the oncoming president.

"Ah! President, my period is coming."

"Oh ha!" Nagano Nao said, "This guy, did he buy life insurance?"

"Yeah! He looks very tired. I'm really worried!"

The clerk looked worried.

It's speechless to see someone so worried about strangers.