Chapter 315 Prime Minister Erwuzi
January 3, 1991.
The increasingly serious bank reconstruction problem has pushed Japan's financial crisis to its peak. The 100 trillion yen invested by Tosan did not save the "Shumiken" and Hyogo Bank as expected. The public funds deficit caused collapse, and the Ministry of Finance and The Bank of Japan has no money. No one knows what to do next and who should bear the responsibility of saving the financial economy. No one dares to stand up and take responsibility in this crisis.
On the last day of the New Year's holiday, Prime Minister Hosokawa Morihiro was summoned by the Diet. Before he was reorganized, those MPs who already knew that their status was precarious began to aggressively attack the new Prime Minister who had just taken office a few days ago, accusing him of not daring to take responsibility. , there is no definite solution to the two biggest problems at present.
Faced with the cross-examination by the members of Congress, Hosokawa Morihi lost his usual amiability and faced them tit-for-tat with a ferocious expression.
During the stalemate, a member of the Takeshita faction stood up and talked about an emerging issue - the financial crisis of Nippon Trust Bank.
Nippon Trust Bank is the largest trust bank in Japan and the leader of this type of bank. However, its previous over-financing of real estate resulted in poor subsequent operations. Now even if deposit insurance is used to make up for losses, it is difficult to completely cover up those loopholes and has to initiate bankruptcy. plan.
The Banking Bureau is determined to prevent Japan Trust Bank from going bankrupt. If it also fails, the entire trust financial institution system will collapse.
The banking bureau's approach here is to hope that the Tokyo Industrial Bank, which has the closest relationship with Nippon Trust Bank and is relatively well-funded, will invest in saving it. Of course, if it wants to move Toho to take action, it must show weakness to the Mitsubishi Foundation and use "please" "Only by pleading in a low voice can you have a certain chance of getting funds.
In response to this incident, the congressman rebuked the current Finance Minister Hata Tsutomu for his inaction, and at the same time threw the blame on Hosokawa Morihiro, saying that he was a prime minister with a false reputation, and even the Mitsubishi Consortium could not shake it.
Hosokawa Morihi has a fierce side that is completely different from his kind appearance. He does not agree with asking Tozo to take action. The big reason is that if Tozo wants their funds, they must let Nippon Trust Bank transfer the management rights. Enter the Dongsan system through merger!
This is annexation in disguise.
Even if Nippon Trust Bank survives as a result, it will eventually become a vassal of chattels and will no longer have the autonomy it once had.
Big banks are always thinking about embezzling other banks to strengthen themselves. Once their size can approach or reach the level of the Bank of Japan, the status of the Bank of Japan will not be guaranteed!
After the currency is controlled by the urban banks under the consortium, the country's economic lifeline will completely lose its autonomy, and the government and financial institutions will be in name only and will be at the mercy of the consortium.
Now the consortium does not dare to act blatantly because they were broken up after World War II, and each is no longer large enough to dominate one side. Moreover, the Ministry of Finance controls their lifeline bank, and the Special Investigation Department controlled by the Americans is watching eagerly.
If Japan Trust Bank is exploited, it will be completely ruined.
"Tosan is not a savior, but a 'party that bears responsibility.' Considering what has happened so far, shouldn't Tosan say 'I will take care of it'? There is no reason for us to ask them to help Nippon Trust Bank ! It’s simply ridiculous!”
"Furthermore, according to top-secret information, Tosan is secretly promoting the merger with Tokyo External Banking Corporation. If deposit insurance is used to take over the bankrupt Nippon Trust Bank during this period, and then let Tosan obtain its management rights, it will mean Since Tosan can get involved in the 'trust business' that was previously prohibited without any effort, please don't forget that 'trust business' is one of the main businesses of Tokyo External Banking Corporation!"
Hosokawa Morihi stood on the stage and talked.
"With this foundation, Tosan will have more leverage in negotiations with Tokyo External Banking Corporation. If it succeeds in taking the initiative, do you know what will happen? Let me tell you what will happen! "
"Donsan, which is already a dominant force in the banking industry, will become an even bigger monster. This monster's power will be terrifying. Will the so-called newly established Financial Services Agency be able to control them by then?"
Hosokawa Morihi's words made everyone speechless, but his starting point was for himself. He believed that the prime minister should be greater than those financial groups. Before, his status was not high, so he swallowed his anger. Now that he has power and status, he relies on Why bow to the consortium?
"As the Prime Minister of the People, I will never condone the lawlessness of these financial groups. It is their responsibility and no one can escape!"
Watching the impassioned and passionate speech of Hosokawa Morihi on TV, Kitahara Sosuke kept sneering. This guy was indeed a natural born kid. He turned out to be the person who most admired Miyazawa Kiichi in the Liberal Democratic Party. Later, when he had a chance to turn around, he went to Beat the original owner to death.
In order to successfully bring down Kiichi Miyazawa, he did not hesitate to join forces with the Mitsui Consortium and himself, and then pushed Japan's finance to the edge of the cliff. Now he pretends to serve the country and the people and is incompatible with the consortium, changing his face faster than turning the page of a book.
However, he can understand that Hosokawa Morihi wants to clean up the Mitsubishi Consortium. The Mitsubishi Consortium was once a die-hard supporter of Miyazawa Kiichi, but now it has failed because of the 100 trillion yen plan. If he doesn't take this opportunity to add insult to injury, when will he wait?
As for the issue between Tosan and Nippon Trust Bank, he had long heard about it from the board of directors of the head office. The merger project between Tosan and Tokyo External Banking Corporation was also being carried out secretly. This matter was secretly revealed to him by his father.
Kitahara Sosuke was just a little surprised that the merger that was supposed to happen after 1996 was so early. With his strong intervention, the butterfly effect was indeed terrifying.
I just don’t know if the disintegration of the Soviet Union that will break out at the end of this year will also be brought forward. All the preparations he is making now are just to get a piece of the pie when the bear is finished. It would be too bad if he fails to catch this bus. Oh no.
The domestic situation in Japan has become like this, which means that the financial industry will completely shrink. His Kitahara Investment is not worried about financing problems and operating problems, but it will also be difficult to quickly accumulate the size of a consortium by relying on domestic capital.
He needs hot money from outside to stimulate the continued growth of Beiyuan Investment.
The collapse of the Soviet Union was of course the best catalyst.
After reading the parliamentary news this time, Kitahara Sosuke stood up and happened to see Mieko Sakai walking towards him.
The latter has now become a hotshot figure in the personnel department. He understands in his heart that these are all given by Kitahara Sosuke, and his admiration for him has become stronger.
Of course, Mieko Sakai is not as ignorant as Miko Kato and thinks she can get along with such a big shot. She understands her status and her relationship with Kitahara Sosuke is just a community of interests. He can even kick her off the boat at any time, so Sakai Mieko became more and more respectful and disciplined towards Kitahara Sosuke.
"Vice President Kitahara, the board of directors summons you to come over." She said with a smile and made a "please" gesture.