In the drizzle, the black Mercedes-Benz car slowly drove into the somewhat cold courtyard gate of the Tsang Province. When it finally parked in the 4H parking space in the parking lot, Liang Jiaxun quickly jumped out of the car and opened the door for the Miyagi Kita who was sitting behind.
At this time, two people were walking out with umbrellas not far away. They had already walked to the entrance of the parking lot. Seeing Miyashigata getting out of the car, they stopped at the same time and turned to look here. They were obviously waiting for Miyashigata to follow him.
Today, a meeting of bank practitioners in Tazo Province was actually convened by the International Financial Bureau of Tazo Province. It involved the heads of 17 large banks in Japan. The issues that need to be discussed are how to deal with the bank's investigation of the Japanese banking industry and how to deal with the crisis that the United States requires 13 Japanese multinational banks to close branches in the United States.
Due to the intention of cooperation with Enron, the long-term credit bank was kicked out of the Bank for International Settlements' list of the Bank for International Settlements' business in the United States. Originally, Miyagi Kita was not used to attend this meeting. However, the Ministry of Tao called him personally and asked him to attend the meeting. In desperation, he had to come and show his face.
People on the shore will never worry about drowning people, and the same is true in the business world. Why does Changxin Bank worry about these Japanese peers without suffering an imminent crisis?
The two people who were waiting at the entrance of the parking lot knew each other. Speaking of which, these two were scholar-type celebrities and both held important positions in the province of Tibet.
Among them, the taller and slightly fat one is named Mujihara Eizumi, who is the current director of the International Financial Bureau of the Tripitaka Province. At the same time, he is also the current Tripitaka Province. In other words, he is actually the leader of the Tripitaka Province today.
This person is very awesome. He is as famous as Greenspan internationally, known as Mr. Japanese Yen. It is mainly because of his words that can affect the rise and fall of the Japanese Yen exchange rate
Another thin and small guy named Xingtian Toyoto is criticized in Japan. He is called a Japanese traitor trained by Americans. He specializes in selling Japan's interests.
The reason for this is that Xingtian Fengxiong was born in poverty. When he was studying for a master's degree at Princeton University in the United States, he received funding from the US State Department.
Later, while serving as the Director of the International Finance Bureau in Tripitaka Province, he participated in the negotiations of the Plaza Agreement and was one of the representative figures in supporting the internationalization of the Japanese yen.
Now, Xingtian Toyoto has retired and is no longer working in the province of Tripitaka, but has become a visiting professor at Princeton University
In the eyes of Kitaki Miyashita, it is not an exaggeration to say that Xingtian Fengxiong is a Japanese gangster, because this guy is indeed doing things for Americans.
Recently, Xingtian Fengxiong has served as chairman of the International Monetary Institute and has begun to promote his reform plan for the Japanese financial industry.
This plan is very complicated, and various terms and nouns can be seen all over the article, but put aside the twists and turns that ordinary people cannot understand, the core content is very simple: It is recommended that the Japanese government temporarily nationalize those banks with poor management and serious bad debts, and after reorganization and strengthening, it will be auctioned to those powerful large financial institutions
If this is the case, the face of Toyoto's Japanese rape has not been revealed, because according to the Japanese Banking Law, foreign financial institutions cannot acquire or operate Japanese banks.
But there is another one in Xingtian Fengxiong's reform plan, that is, to allow international financial institutions to acquire Japanese banks with capital adequacy ratios of less than 8%. In other words, he is actually advocating the liberalization of its own financial markets for international capital.
After a distance, Miyashita Kita pursed his lips, changed his face to a smile, and then he quickly met him.
Mu Shen Yuan, Xing Tianjun, I am very sorry, I have made the two wait for a long time. When I walked closer, Miyashita bowed to the two and said with a smile
It was just here, and Mu Shenhara Yingzi returned a gift and said, thank you very much for accepting today's invitation to attend this symposium
Miyashita Kita smiled, not saying anything more about this issue. He glanced at Xingtian Toyoo who was standing next to him silently, and asked again: Mu Shenhara, Dazangshuo, did something happen if he was summoning us so hastily?
Mu Shenyuan British Capital was hesitant, obviously considering whether to reveal the information now.
Haven't Akamoto received the news yet?
On the side, Toyoto said that Washington has issued a notice to the Central Bank and the Tatsuma Provincial Banking Bureau, claiming that Yamato Bank is suspected of commercial fraud and illegally operates Americans require them to end their entire business in the United States within a month, close all more than 60 branches in the United States, and submit a huge fine of $3.2 billion.
Oh? Miyashita raised his eyebrows. He still didn't know about this, but it didn't matter. This happened once in his previous life, and nothing new
Let's go, let's talk as we go, Mu Shenyuan Yingzi seemed very tired, he made an invitation gesture and said
Yamato Bank also suffered a heavy blow in the process of the real estate bubble burst. Its bad debt rate is also scary. To be honest, its own operation is already very difficult, and now it has suffered such a heavy blow. Not to mention whether they can take out the huge fines, just this news itself will cause its stock price to plummet, and the bonds will turn into junk bonds overnight.
In this way, its bankruptcy is almost foreseeable
Once Yamato Bank declares bankruptcy, it will become the first large financial institution to go bankrupt since the bursting of the bubble economy. The impact it has to be disastrous. If this matter is not handled well, it may lead to the loss of confidence in the country's financial industry, which will trigger a series of domino effects.
The problem now is that Yamato Bank is not the only bank to be restricted and punished. Mujihara E.U.K. has replaced the umbrella in his hand and walked side by side with Miyashita Kita. Bond Credit Bank is likely to be the next target to be punished. With their current operating conditions, such punishment is also fatal.
The banking industry is just a victim of the economic game between Japan and the United States. Kita Kitano made an angry look and said, "Does the Cabinet and the Province of Otakohashita plan to continue to watch like this?" Japan is a country with a high savings rate. A large part of the national finance relies on national savings. If banks are allowed to fall one by one, then the people's trust in the financial industry will become a bubble. It is inevitable that savings will be reduced. At that time, I am afraid that no one will have a good life.
So does Achimoto have any good opinions? Xingtian Fengxiong asked in an insult, if it was just complaining like this, it would probably be of no benefit, right?
Miyashita Kita glanced at this guy, but was not angry, but instead said with a smile: I think the Taoist province should start from two aspects now.
Oh, I wish to hear the details, Xingtian Fengxiong said in a literary way
First, promote bilateral dialogue between Japan and the United States as soon as possible to solve those damn trade issues, Miyashita Kita said, Second, I agree with the suggestion of Xingtianjun that the province of Taoism and the central bank should implement forced takeover of those poorly managed banks, and after solving the problem of bad debt accumulation, they will be auctioned.
Xingtian Toyoto obviously did not expect that Kita Kitani would say such things. You should know that once the state forces the country to take over a certain bank, the next rectification will be extremely unfavorable to bank shareholders, because after the state takes over the bank, the first thing to eliminate is the problem of bad debts. On this issue, the state will only guarantee the interests of depositors, but turn a blind eye to the interests of bank shareholders.
In other words, after taking over the bank, the state will first call public funds to smooth out the losses. In this process, the bank's savings funds will not be used, but will liquidate the shareholder's shares.
Specifically, it is to convert the shareholders' shares into public funds at a specific time based on the stock price. In the future, when the bank stabilizes, the auction will be auctioned. The funds obtained from the auction will be taken back and replenished into public funds.
Who is Miyashige Kita?
He himself is a shareholder of Changxin Bank. Therefore, from a standpoint, he cannot support the government in doing this, because once this precedent is set, the same thing may fall on him in the future
However, Xingtian Fengxiong obviously did not consider another aspect, that is, the current Changxin Bank can still stick to it. Based on the principle of "death of fellow Taoists and immortality, how could Kita Kita Miyashita consider other banks?
The most important thing is that once this method begins to be implemented, such as Yamato Bank, bond credit banking, etc., this series of large banks will be nationalized and auctioned off, and the government's burden in the financial industry will also be reduced. At that time, large banks like Changxin Bank that survived will inevitably become institutions that the government supports, and they will have the opportunity to receive more aid funds.
To be honest, Kitaki Miyashita now hopes that the advice of Toyoto of Tian is fully implemented, and it is best to introduce overseas funds. When a series of banks are acquired by foreign capital, Changxin Bank only needs to manipulate public opinion to link the auction of Japanese local banks with the stolen behavior. The pressure of public opinion can force the government to spend more effort to save Changxin.
However, Kitaki Miyashita also knew that it was not easy to accept Tsubasato's suggestion. The current situation is that banks are playing games with the government, and it is unlikely that the former will make such a big concession.
At this time, two people were walking out with umbrellas not far away. They had already walked to the entrance of the parking lot. Seeing Miyashigata getting out of the car, they stopped at the same time and turned to look here. They were obviously waiting for Miyashigata to follow him.
Today, a meeting of bank practitioners in Tazo Province was actually convened by the International Financial Bureau of Tazo Province. It involved the heads of 17 large banks in Japan. The issues that need to be discussed are how to deal with the bank's investigation of the Japanese banking industry and how to deal with the crisis that the United States requires 13 Japanese multinational banks to close branches in the United States.
Due to the intention of cooperation with Enron, the long-term credit bank was kicked out of the Bank for International Settlements' list of the Bank for International Settlements' business in the United States. Originally, Miyagi Kita was not used to attend this meeting. However, the Ministry of Tao called him personally and asked him to attend the meeting. In desperation, he had to come and show his face.
People on the shore will never worry about drowning people, and the same is true in the business world. Why does Changxin Bank worry about these Japanese peers without suffering an imminent crisis?
The two people who were waiting at the entrance of the parking lot knew each other. Speaking of which, these two were scholar-type celebrities and both held important positions in the province of Tibet.
Among them, the taller and slightly fat one is named Mujihara Eizumi, who is the current director of the International Financial Bureau of the Tripitaka Province. At the same time, he is also the current Tripitaka Province. In other words, he is actually the leader of the Tripitaka Province today.
This person is very awesome. He is as famous as Greenspan internationally, known as Mr. Japanese Yen. It is mainly because of his words that can affect the rise and fall of the Japanese Yen exchange rate
Another thin and small guy named Xingtian Toyoto is criticized in Japan. He is called a Japanese traitor trained by Americans. He specializes in selling Japan's interests.
The reason for this is that Xingtian Fengxiong was born in poverty. When he was studying for a master's degree at Princeton University in the United States, he received funding from the US State Department.
Later, while serving as the Director of the International Finance Bureau in Tripitaka Province, he participated in the negotiations of the Plaza Agreement and was one of the representative figures in supporting the internationalization of the Japanese yen.
Now, Xingtian Toyoto has retired and is no longer working in the province of Tripitaka, but has become a visiting professor at Princeton University
In the eyes of Kitaki Miyashita, it is not an exaggeration to say that Xingtian Fengxiong is a Japanese gangster, because this guy is indeed doing things for Americans.
Recently, Xingtian Fengxiong has served as chairman of the International Monetary Institute and has begun to promote his reform plan for the Japanese financial industry.
This plan is very complicated, and various terms and nouns can be seen all over the article, but put aside the twists and turns that ordinary people cannot understand, the core content is very simple: It is recommended that the Japanese government temporarily nationalize those banks with poor management and serious bad debts, and after reorganization and strengthening, it will be auctioned to those powerful large financial institutions
If this is the case, the face of Toyoto's Japanese rape has not been revealed, because according to the Japanese Banking Law, foreign financial institutions cannot acquire or operate Japanese banks.
But there is another one in Xingtian Fengxiong's reform plan, that is, to allow international financial institutions to acquire Japanese banks with capital adequacy ratios of less than 8%. In other words, he is actually advocating the liberalization of its own financial markets for international capital.
After a distance, Miyashita Kita pursed his lips, changed his face to a smile, and then he quickly met him.
Mu Shen Yuan, Xing Tianjun, I am very sorry, I have made the two wait for a long time. When I walked closer, Miyashita bowed to the two and said with a smile
It was just here, and Mu Shenhara Yingzi returned a gift and said, thank you very much for accepting today's invitation to attend this symposium
Miyashita Kita smiled, not saying anything more about this issue. He glanced at Xingtian Toyoo who was standing next to him silently, and asked again: Mu Shenhara, Dazangshuo, did something happen if he was summoning us so hastily?
Mu Shenyuan British Capital was hesitant, obviously considering whether to reveal the information now.
Haven't Akamoto received the news yet?
On the side, Toyoto said that Washington has issued a notice to the Central Bank and the Tatsuma Provincial Banking Bureau, claiming that Yamato Bank is suspected of commercial fraud and illegally operates Americans require them to end their entire business in the United States within a month, close all more than 60 branches in the United States, and submit a huge fine of $3.2 billion.
Oh? Miyashita raised his eyebrows. He still didn't know about this, but it didn't matter. This happened once in his previous life, and nothing new
Let's go, let's talk as we go, Mu Shenyuan Yingzi seemed very tired, he made an invitation gesture and said
Yamato Bank also suffered a heavy blow in the process of the real estate bubble burst. Its bad debt rate is also scary. To be honest, its own operation is already very difficult, and now it has suffered such a heavy blow. Not to mention whether they can take out the huge fines, just this news itself will cause its stock price to plummet, and the bonds will turn into junk bonds overnight.
In this way, its bankruptcy is almost foreseeable
Once Yamato Bank declares bankruptcy, it will become the first large financial institution to go bankrupt since the bursting of the bubble economy. The impact it has to be disastrous. If this matter is not handled well, it may lead to the loss of confidence in the country's financial industry, which will trigger a series of domino effects.
The problem now is that Yamato Bank is not the only bank to be restricted and punished. Mujihara E.U.K. has replaced the umbrella in his hand and walked side by side with Miyashita Kita. Bond Credit Bank is likely to be the next target to be punished. With their current operating conditions, such punishment is also fatal.
The banking industry is just a victim of the economic game between Japan and the United States. Kita Kitano made an angry look and said, "Does the Cabinet and the Province of Otakohashita plan to continue to watch like this?" Japan is a country with a high savings rate. A large part of the national finance relies on national savings. If banks are allowed to fall one by one, then the people's trust in the financial industry will become a bubble. It is inevitable that savings will be reduced. At that time, I am afraid that no one will have a good life.
So does Achimoto have any good opinions? Xingtian Fengxiong asked in an insult, if it was just complaining like this, it would probably be of no benefit, right?
Miyashita Kita glanced at this guy, but was not angry, but instead said with a smile: I think the Taoist province should start from two aspects now.
Oh, I wish to hear the details, Xingtian Fengxiong said in a literary way
First, promote bilateral dialogue between Japan and the United States as soon as possible to solve those damn trade issues, Miyashita Kita said, Second, I agree with the suggestion of Xingtianjun that the province of Taoism and the central bank should implement forced takeover of those poorly managed banks, and after solving the problem of bad debt accumulation, they will be auctioned.
Xingtian Toyoto obviously did not expect that Kita Kitani would say such things. You should know that once the state forces the country to take over a certain bank, the next rectification will be extremely unfavorable to bank shareholders, because after the state takes over the bank, the first thing to eliminate is the problem of bad debts. On this issue, the state will only guarantee the interests of depositors, but turn a blind eye to the interests of bank shareholders.
In other words, after taking over the bank, the state will first call public funds to smooth out the losses. In this process, the bank's savings funds will not be used, but will liquidate the shareholder's shares.
Specifically, it is to convert the shareholders' shares into public funds at a specific time based on the stock price. In the future, when the bank stabilizes, the auction will be auctioned. The funds obtained from the auction will be taken back and replenished into public funds.
Who is Miyashige Kita?
He himself is a shareholder of Changxin Bank. Therefore, from a standpoint, he cannot support the government in doing this, because once this precedent is set, the same thing may fall on him in the future
However, Xingtian Fengxiong obviously did not consider another aspect, that is, the current Changxin Bank can still stick to it. Based on the principle of "death of fellow Taoists and immortality, how could Kita Kita Miyashita consider other banks?
The most important thing is that once this method begins to be implemented, such as Yamato Bank, bond credit banking, etc., this series of large banks will be nationalized and auctioned off, and the government's burden in the financial industry will also be reduced. At that time, large banks like Changxin Bank that survived will inevitably become institutions that the government supports, and they will have the opportunity to receive more aid funds.
To be honest, Kitaki Miyashita now hopes that the advice of Toyoto of Tian is fully implemented, and it is best to introduce overseas funds. When a series of banks are acquired by foreign capital, Changxin Bank only needs to manipulate public opinion to link the auction of Japanese local banks with the stolen behavior. The pressure of public opinion can force the government to spend more effort to save Changxin.
However, Kitaki Miyashita also knew that it was not easy to accept Tsubasato's suggestion. The current situation is that banks are playing games with the government, and it is unlikely that the former will make such a big concession.
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