The Kyoto Bubble Era: It Started with Selling Off Hundreds of Millions of Property

Chapter 527 The Eve of the Decisive Battle

December 15, 1991.

For four days, negotiations on the final ownership of a large number of copper futures contracts came to an end at a luxury hotel in London, England.

Many tycoons involved in the negotiations are very satisfied with the result.

The Japanese woman who has always been the leading party, single-handedly resisting many giants in the financial industry, has also caused a small stir in the global financial circle.

Kobayashi Kyoko's clear thinking, resolute attitude, and courageous tactics fully reflect the abilities and qualities of a securities expert. Kitahara Securities Co., Ltd. headed by her took root in London and became the biggest winner of this negotiation. This was the first overseas launch of the Kitahara clan society.

Those financial giants who had been gathered by Kitahara Sosuke because of the huge copper futures profits in the hands of the Sumitomo Foundation all got the previously agreed benefits. The only one who suffered a heavy blow was the Sumitomo Foundation.

Ichiro Katida, who came to negotiate on behalf of Sumitomo, changed his previous ruthless style and became very easy to talk to for some reason. He accepted all conditions and had only one demand, which was to re-purchase the 5% copper futures that originally belonged to Sumitomo. Take it back into your hand.

He is willing to pay any price for this.

After the copper futures war ended, Kitahara Sosuke's name also resounded throughout the global financial community.

During the first Gulf War, some people thought that he was just lucky and just ahead of the times. This time, the copper futures war completely convinced a large number of financial giants.

For a new financial god, no matter what country he comes from or what color his skin is, he will be attracted and praised by celebrities from all walks of life.

Strength is the best proof of a man’s charm.

Everyone knows this woman, Kyoko Kobayashi, who speaks the toughest lines in the gentlest tone on stage. She is Kitahara Sosuke's spokesperson in the securities industry, so she is given enough respect.

After stepping down, Kyoko Kobayashi was still a little confused.

She knew that the financial giants in the audience today were willing to listen to so much from a little woman like her, and that she also had the final decision-making power on the transaction, all because they respected Sosuke Kitahara behind them.

He brought himself glory that he could never have imagined.

After this negotiation, the Sumitomo Consortium, which has been at the forefront for more than half a century, will sadly leave the top spot in the copper futures market, and it is unknown when it will return.

And Taio Hamanaka, who once independently formulated the market rules, has been completely reduced to a prisoner. The Sumitomo Foundation has also stated that it will thoroughly investigate all problems with Taio Hamanaka and give a reasonable explanation to both the inside of the company and the outside world.

After Hamaka Taio was arrested, Takeshita Nobu, who had had close contact with him before, was quickly blacklisted by various financial companies and regulatory authorities.

They don't care if you are the son of a wealthy family in Tokyo, Japan. In the global industry, what matters more is ability and skills, and family background is just a supplement.

Compared with Kitahara Sosuke, who was at the height of his power and had convinced many overseas financiers through several precise operations, Takeshita Nobu had no reputation and no credibility.

Ichiro Katsuda's quick surrender had a great impact on the domestic situation in Japan.

Especially the alliance headed by the Takeshita family. They originally hoped that Ichiro Kita could be tougher. At least on the issue of copper futures, Sumitomo should not give in to Kitahara Sosuke too quickly. The longer it was delayed, the better it would be for them.

However, the battle was over in just four days.

It ended with Kithara Sosuke's victory, which was jaw-dropping.

What’s even more outrageous is that during the entire process, there was no reaction within the Sumitomo Foundation. They watched Ichiro Katita capitulate, release a large amount of profits, and watched the Sumitomo Foundation withdraw from the copper futures market without any action!

It was not until December 16th that Sumitomo Corporation issued an official document announcing the retirement of a large number of core management personnel, the appointment of a large number of new people, and the official appointment of Ichiro Kita as the honorary chairman of Sumitomo Bank and his resignation as president, that other people gradually realized the seriousness of the problem.

In the next four days, the Sumitomo Foundation had no contact with the outside world and carried out rounds of brutal personnel changes and industrial chain adjustments. A rare wave of major changes in internal management took place!

After careful study, it can be found that those who were transferred or retired were all related personnel of the Jitian family, and all these vacant positions were taken over by other families.

This was their default response to what Ichiro Katita did in London.

Ichiro Katsuda paid a heavy price for his family's survival, and his exit also indirectly announced the bet of the century, and the Sumitomo Consortium was officially out!

The pressure suddenly came to the Takeshita family.

Without the support of the top financial groups, other financial groups that had previously vowed to assist the Takeshita family have changed their direction.

Except for Dongsan, who was forced to stud, others entered the wait-and-see stage.

At this time, rounds of counterattacks from Kitahara Sosuke began.

On the Congress and the government side, the mess of Tokyo Mutual Bank and the tragic situation of the financial industry are always reminding these high-ranking members that if they want to keep their positions, they should quickly help the people solve these difficult problems.

Secondly, the most popular talk show has continued to soar in ratings during the thirty years lost to the bubble economy. It has already become popular among the people and has also aroused waves of dissatisfaction with rising prices.

It is already very difficult to suppress these riots, let alone obstruct them and put pressure on Kitahara Sosuke in public opinion.

As necessities were in short supply, the Agricultural Federation Associations could no longer cope. The Ministry of Agriculture, Forestry and Industry began to investigate these associations in turn, asking them to release supplies as soon as possible.

Waves of hoarded supplies were quickly sold out after being released!

Prices are still rising and supplies are still in short supply, with no change at all.

what to do?

The warehouse has bottomed out.

Since the signing of the Belovezh Agreement, there has been a global frenzy to stop ruble trading.

The ruble to yen exchange rate is at its lowest ever.

Still priceless.

Sumitomo Bank, which had eaten up so many rubles, was in financial crisis.

And those smaller financial institutions are even more unlucky, struggling, waiting for rescue, but when they look up, good guys, the Bank of Japan and the Ministry of Finance are also overwhelmed.

What about other large metropolitan banks?

The only one with the financial resources to spare is the Northern God Wolf Credit Bank.

The issue is.

Kitahara Shenlang Credit Bank is not a banking institution. According to relevant legal provisions, it has no right to interfere with the internal operations of the financial market. Kitahara Sosuke said that he was powerless and felt very guilty.

So it was December 21st.

Eleven union republics, except the three Baltic countries and Georgia, signed the Declaration of Alma-Ata and the Protocol to the Commonwealth of Independent States Agreement.

This means that a disintegration event is about to occur.

On this day, Yelkin also announced that he would stop printing money and the total amount of rubles would not increase.

After all, there is no room for more money.

Chapter 550/634
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The Kyoto Bubble Era: It Started with Selling Off Hundreds of Millions of PropertyCh.550/634 [86.75%]