Reborn in the Tokyo Bubble Era

Page 411

Although the meeting was only held at night, it was necessary to meet Taro Hashimoto before that.

Seeing that Sanchong Yefu lived up to expectations and danced the sword of finance as soon as he appeared on the stage, pointing the sword at the Ministry of Finance, the stone in Tao Zhiming's heart fell to the ground.

After assuming the throne, there is no need to look at Miyazawa Kiji's face.

The planning of Sanchong Yefu and the central bank's lineage for many years is also a general trend, and it has not been deflected by the changes brought about by Tao Zhiming.

Looking in the mirror at Tao Zhiming, who was dressed in a well-fitting formal suit and handsome, Qiu Shuzhen suddenly blushed.

Seeing her expression, Tao Zhiming asked with a funny smile, "What are you thinking?"

"...No...nothing..." Qiu Shuzhen hurriedly turned her head and walked away.

The main reason is that when I saw him in the past two days, he was either dressed very loosely, or at all... I suddenly saw him like this, and I remembered those times.

Tao Zhiming also pursed his lips reminiscently, then hugged her from behind, leaned into her ear and whispered, "I'll think about it when I come back."

Qiu Shuzhen was left with a red face, and he left happily.

It took Qiu Shuzhen a long time to calm down, and she sat in the yard basking in the sun in a daze.

He is really a very mysterious person and very special.

After coming to Tokyo, before running to Wander Star, Qiu Shuzhen read a lot of reports about him from Neon.

Needless to say, those achievements in business, but talented musicians, and even screenwriters... I really don't know how such people exist.

Regarding Qiu Shuzhen's expectation, he just told her not to worry.

He said that in the Rising Star Director Program, there is a person with great potential in the United States named Li An. After he finished filming his debut work, we will talk about it next.

I don't know why he thinks the new director is amazing...

……

After meeting Taro Hashimoto, the Ministry of Finance and Neon Bank held a national bond issuance coordination meeting for the next year in the Ministry of Finance.

In the past, this was just a routine "Hedan Tea Party" between the Ministry of Finance and the Neon Bank.Regarding the issuance of national bonds in the following year, the Minister of Finance has the final say on how much the Neon Bank will take in, and everyone is friendly.

But today the situation is different.The Sane Ye Fu, who took office, is coming fiercely. This is a very special battle.

There are already big differences between the Ministry of Finance and the Neon Bank on how to make the neon bubble economy land smoothly.

When Tao Zhiming walked to the door, officials from the Ministry of Tibet had already come to guide the way respectfully.

"Is President Saneye here?" Tao Zhiming asked casually.

"Not yet, Miyazawa-sama invites you to go to his office first when you arrive."

Tao Zhiming nodded.

Sanchong Yefu didn't know what kind of big move he was holding back. Miyazawa Kiji had just resumed his post as Minister of Finance, so he couldn't just sit back and watch the influence of the neon stock market on Sanchong Yefu and Tao Zhiming suddenly collapse.

In Miyazawa Kiji's view, under the plan of the Sanyou Foundation and the Sany Foundation, although they both want to take advantage of the shrinkage of finance and real estate to seize opportunities in the restructuring, everything must be carried out in a rhythmic manner.Tao Zhiming's aura of "financial god" must be used to help the Ministry of Finance control the rhythm.

Seeing Kiji Miyazawa, he really said: "Chairman Tao, you had a relationship with Mie No-san at that time. Toshihide Fukui was ordered by him to ask you to help promote the development of housing in the sub-city center of Tokyo, which proves his commitment." Words and deeds are not consistent! If you have been against the past policies, why do you want to help stimulate the expansion of the real estate bubble? His methods are too violent, and with your influence, help convince him! The Neon Bank must purchase a sufficient share of new national bonds in the coming year Only in this way can the cabinet have enough financial input to promote the public plan and neutralize the impact of the new land financing restrictions. This is also very important for your Heaven's Gate plan!"

Tao Zhiming said noncommittally: "Miyazawa-san, Mie Ye-sang has already publicly said that, so I'm afraid they won't compromise easily."

"This guy wants to be a lone hero, he's lost his head!" Kiji Miyazawa said angrily, "Now, in the hearts of the people, he has become a hero who speaks for ordinary people and defies power, but we in the Ministry of Finance are A fatuous and incompetent bureaucrat who serves the rich! Can you also testify that he is also a member of the real estate bubble! What do you mean 'never bought stocks in your life'? If you want to create a perfect image, are you not afraid of being involved in scandals?"

Tao Zhiming reminded: "Miyazawa-san, the housing development plan of the vice capital is also to increase the supply and stabilize the price of real estate in Tokyo. This matter will only make his image more perfect. When he was the vice president, I have already tried my best to do this, and the citizens will be very moved."

Miyazawa Kiji was stunned, and said annoyedly: "But the window guide still requires the release of a large amount of loans to enter the real estate market, can he get away with it?"

Tao Zhiming spread his hands: "At that time, the president was Sumida-san, who was jokingly called the on-call maid of the Ministry of Finance. He was really from the Ministry of Finance. Mie Ye-san opposed various policies more than once, which is well known The matter. Although the subordinates are dissatisfied, they can only follow orders, and the tragic color is also a part of the hero that can easily resonate."

"...The bureaucrats who really handle affairs have never been fully controlled by the cabinet. Isn't that clear?" Miyazawa Kiji patted the information on the table, "Now I have investigated clearly. The scale of the bank's loan into the real estate market is far larger than what we requested! This guy, he has a heart to kill!"

"...No wonder it was so easy to get a loan when I subscribed for the bank's bonds." Tao Zhiming pretended to just know.

Kiji Miyazawa said depressedly: "In short, he has planned for a long time. Judging from the press conference that day, it seems that he wants to cause the biggest turmoil in one breath! Do you know when he plans to raise interest rates? Tomorrow, once Add 0.5%! What a lunatic, he has only been in office for three days. Tonight, he must insist on this point. President Tao, the fastest listing date for Onodera Fortune will also have to wait until late January. You don’t want to be in such a Is it listed in the falling market brought about by a substantial interest rate hike?"

Tao Zhiming paused for a moment, and said a little shamelessly: "Actually...maybe in that case, more funds will be hedged in the stocks of Onodera Fortune. And...the benefits brought about by my listing in the falling market are not in line with Is the cabinet kidnapping me morally so that I cannot affect the original intention of making profits in the stock market?"

Miyazawa Kiji was speechless, and then heaved a long sigh: "Really..."

Tao Zhiming was delighted to see it.

That's right, it's true that Miyazawa Kiji's return to power is a deceptive move by the "inverted Taoist forces", but as long as he sits in this position and has been "united" into the previous plan of the Sanyou Foundation, then naturally It is also time to discuss conditions with the faction of Jun Kaifu and Taro Hashimoto who were originally united, such as the plan that he will be the next successor.

Even the fact that Tao Zhiming had to attend this meeting could be interpreted as Miyazawa's concern that he would use his influence to profit from the stock market by fanning the flames with his triple-repeated financial austerity stance.

After all, in front of the reporters before, what he said most about Tao Zhiming's existence was supervision and restraint.Everyone has already interpreted the moral kidnapping. Tao Zhiming's appearance here is also part of the supervision. Uncertainty is what Miyazawa Kiji fears most.

He, who has resumed his post as Minister of Finance, needs the stock market to break through 4 points and get the support of the wealthy class.The original plan of the Trinity Consortium suffered a change, and it also took time to re-arrange.

Seeing Miyazawa Kiji's irritable appearance, Tao Zhiming once again felt the impact brought by Sanchong Yefu, a Heisei genius.

Just like others didn't expect Tao Zhiming to have that hole card, they also didn't expect Sanchong Yefu to be able to reach this level when he came to power.

"Master Miyazawa, the people from Neon Bank have arrived."

Hearing the report, Miyazawa Kiji took a deep breath, picked up the documents on the table and said, "Let's go! Tonight, he must change his position!"

Tao Zhiming raised his eyebrows behind him, can you do it?

To some extent, Mie Nofu is a real warrior just like Ueda Masahiro back then.

He came with a financial sword, and he is bound to poke in and out of the main artery of the neon old system, making you all seriously think about the essential reform.

People who are not afraid of endings, as long as they are clear names are very scary.

Following Miyazawa Kiji to the conference room, Tao Zhiming saw Sanchong Yefu's calm face and sharp eyes as soon as he entered the door.

Mie Nofu stood up and bowed to Miyazawa Kiji, the prime minister, but stood up straight.

He didn't even keep his eyes on Miyazawa Kiji at all, instead he focused more on Tao Zhiming.

This is the existence that many people now call the god of finance, and Mie Nofu recalled what he said to himself after the graduation ceremony of the University of Tokyo.

"After three years, we will all be more mature."

At that time, did he see through what he would do in three years?

Thinking of his myth of 2 billion yen in two months, Mie Yefu nodded slightly to Tao Zhiming.

Tao Zhiming smiled kindly, and also nodded back.

It seemed that it was just Sane Yefu's courtesy to this unexpected participant.

In the big meeting room, the top executives of Neon Bank are all present.On the side of the Ministry of Finance, Miyazawa Kiji and below, all the vice ministers, and the directors and section chiefs of the bureaus are also present.

The door was slowly closed, and there was no reporter.

"Then... let's start the meeting." Kiji Miyazawa said slowly with a low voice, "The first topic is the issuance of national bonds next year. President Mieno, the decision of the Ministry of Finance, and the purchase by Nihong Bank from the secondary market The scale of the new national debt will increase by 5% compared to this year!"

It was a decision, but Sane Yefu replied calmly: "Neon Bank's answer is to refuse."

Miyazawa Kiji seemed to have expected this, he gritted his teeth and stared at him.

Sane Yefu pushed his glasses, and looked back without retreating at all.

Tao Zhiming exclaimed that it was cool, and he slapped his face on the spot, in front of so many subordinates of Miyazawa Kiji.Kiji Miyazawa, who resigned due to the Rikulut incident, whose prestige has been greatly reduced, has just risen head-on against Mie Yefu, who has further gained power.

The two of them looked at each other sharply, and Tao Zhiming smiled beside him.

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Chapter 505: Triple Wild Repeat?No, triple wild father!

In the deadly silent conference room, Miyazawa Kiji had no choice but to speak first when facing Mie Yefu with a flat expression and a firm attitude.

At such a critical juncture, when the door is completely closed, there is no room for euphemism.Miyazawa Kiji said with a straight face, "Your Excellency, do you have any objection to the fact that Nihong Bank is legally subordinate to the government?"

The words were sharp, Sane Yefu nodded calmly: "Of course."

"Then, as an agent of the government, Neon Bank can underwrite national debt under special circumstances according to the provisions of the Neon Bank Law and the Public Finance Law. Have you not forgotten these provisions?"

San Chongye smiled again, then nodded calmly again: "I haven't forgotten."

"Then, why did this year's National Bond Issuance Coordination Meeting have a completely different tone than in the past few decades?" Miyazawa Kiji said coldly, "Your Excellency, please give me more advice!"

Tao Zhiming was so addicted, he was about to pinch.

He looked at Sanchong Yefu, only to see that there was still a calm smiling face, and Tao Zhiming saw a little irony in it.

I only heard San Chong Yefu say slowly: "But I remember that there are also clear regulations in the bill. In principle, Nihong Bank cannot provide loans to the government or underwrite national debt. So everyone is very clear that doing so will actually cause endless harm. of."

Miyazawa Kiji ignored this argument at all.

Mie Yefu nodded: "Of course, the cabinet will always face special circumstances. There is no way. Therefore, although Nihong Bank does not directly underwrite national bonds, it has been a practice of buying national bonds from the secondary market for so many years. Facts Because of this, the secondary market of Nihong’s treasury bonds is very active and huge in the world. Your Excellency Miyazawa, you should know? As of the end of last year, what was the size of Nihong’s short-term treasury bonds, and how much Nihong Bank held proportion?"

Miyazawa Kiji's eyes were fixed, and then he blurted out: "Of the total short-term national debt of 21.2 trillion yen, Neon Bank holds 15.3 trillion yen."

"As expected of His Excellency Miyazawa, who has served as the Minister of Finance for many years." Mie Nofu still smiled, "So, next year, I hope that the proportion of newly issued government bonds purchased by Nihong Bank from the secondary market will increase by 5% compared with this year, Your Excellency Miyazawa Why don’t you go to Congress to propose a revised bill so that Neon Bank can directly print money for the Ministry of Finance?”

Miyazawa Kiji was ridiculed, and his face was extremely ugly.

Sane Yefu still had a sneer on his face, and even bowed and saluted: "Over the past few years, Miyazawa-san and other lords have promoted financial restoration, making the issuance scale of neon government bonds lower than before, gradually reducing I respect the matter of dependence on national debt. Since Miyazawa-san is well aware that the proportion of national debt held by Nihong Bank is already so high, then he should also be aware of the risks? Besides..."

His expression suddenly turned cold: "Despite my repeated objections, during the tenure of President Cheng Tian, ​​the new currency was still issued at a very high rate. The growth rate of the new currency issuance scale was as high as 10% or more in the year before last and last year! How big is the pressure of inflation? While reducing debt dependence, while issuing so many new currencies and implementing such a proactive fiscal policy, can such things continue?”

Afterwards, Mie Ye Fuqian even slapped the table, and his suppressed anger burst out with a calm smile: "During the economic recession, how can such economic policies be used in economic prosperity by cutting taxes and increasing public investment to stimulate the economy? And the taxes payable by the rich, the introduction of consumption tax, a tax source that is mainly borne by ordinary people, and the hope that social capital will be active to replace government public investment, is the current bubble caused by neon banks?"

Mie Yefu got into the mood, and seemed to nod suddenly: "Yes, Neon Bank is also responsible. After all, President Sumita faithfully implemented the decision of the Ministry of Finance, and the government's debt dependence has been greatly reduced. Through window guidance, through A large amount of funds have entered the real estate, construction industry, and financial industry in the construction of national debt purchases. This is due to the credit of Nihong Bank. Your Excellency Miyazawa, since you are also considering how to curb the bubble, why do you want to deal with mine? Is it hard to accept rejection?"

Tao Zhiming sighed in his heart, this guy is Ban Ze Benz, right?Classic down and up, with a puzzled expression waiting for Kiji Miyazawa to jump into the pit.

Yes, the cabinet also wants to control the bubble. The central bank buys less treasury bonds, so that more idle funds in the society will flow into more conservative treasury bonds. Is there anything wrong with that?

Kiji Miyazawa could only answer in a low voice: "Over the years, the share of purchases discussed is only to avoid the situation of insufficient purchases! If the capital in the society is willing to buy national bonds because of the cabinet's measures, of course it will not further expand the central bank's debt holding ratio!"

Mie Yefu once again resumed a flat smiling face: "Neon Bank believes that the current debt holding ratio is already very dangerous. If the detailed debt holding ratio of Neon Bank is announced, does Miyazawa-san know what kind of reaction it will bring?"

This Tao Zhiming understands that there is no clear theoretical system yet, but the "Modern Monetary Theory" has become popular since the 90s.The situation repeated by the triplets is the monetization of fiscal deficits.

After hearing the data they said, Tao Zhiming made some calculations.The current national debt burden ratio of Neon, that is, the ratio of national debt to GDP is about 65%, which is the result of reducing the debt ratio after various cabinet operations in the past few years.According to later statements, even in developed countries, more than 60% is dangerous.Later, Neon was like a wild horse, and the national debt burden ratio soared to more than 250%.

And the central bank holds an excessively high proportion of national debt, which will almost certainly lead to the monetization of the fiscal deficit.To put it bluntly, although the form of national debt is used, it is essentially equivalent to the central bank directly printing money for the government to spend.If this state is not controlled, it will evolve into a phrase that everyone often hears later: Yangma releases water, nuclear power prints money.

The result, of course, is clear: soaring prices, inflation.

This is contrary to the point of view that Sane Yefu has always insisted on: the first social responsibility and purpose of the Neon Central Bank is to ensure the stability of prices.

Seeing that Tao Zhiming was thinking, Mie Yefu actually asked: "President Tao, you are praised as the 'god of finance who walks the world', and Professor Yamamoto has always praised you very much, can you explain it to everyone? Is this the consequence?"

Tao Zhiming was suddenly named, and everyone immediately looked at him.

Sane Yefu looked playfully, and Kiji Miyazawa obviously wanted to refute him.

Tao Zhiming slapped haha, and refused to answer: "I'm just lucky, the god of finance or something, the Ministry of Finance flattered and killed me. Miyazawa-san, don't worry, I still hope that Nihong will have a stable future." Environmentally, it also fits my needs.”

There are so many people with mixed eyes, who knows if there is any hidden ghost of Furong and Sanhe in this room.On the surface, when Miyazawa Kiji came to power, it was a sign that Iwasaki Ryunosuke launched a surprise attack on him and the "opposition" in the Democratic Liberal Party gained the upper hand.

In a word, in the eyes of outsiders, Tao Zhiming should not deal with Miyazawa Kiji, how can he speak for him?Tao Zhiming came to attend the meeting, only because Miyazawa Kiji wanted to control his unstable factor.

Miyazawa Kiji was also quite helpless, he could only say: "I don't need President Tao to say anything, I can understand the consequences of what you said. But Mie Ye-san, the Neon Bank will not stop buying some of the new issues in the coming year. Is it the national debt?"

Sane Yefu heard that he had the intention of making concessions, and nodded when he saw it was good: "It can only be kept at the same level as this year's purchase ratio, and the debt holding ratio of Nihong Bank can no longer be increased. Both Mr. Haibu and Mr. Miyazawa In the midst of the turmoil, the Neon Bank did not intend to completely oppose the cabinet! Regarding my insistence, please understand Miyazawa Sando. Our goal is to serve all the people of Neon!"

Miyazawa Kiji got his promise, and although he couldn't meet his expectations, he had no choice but to do anything about it.

Continue to quarrel, how can he quarrel with San Chong Ye Fu, who was born in Dongda University and has been staying in Neon Bank since graduation?After all, he is just a politician. Wouldn't it be uncomfortable to quarrel with him professionally?

Tao Dalang is also happy to act, so he doesn't speak for him at all.

But the next topic, he can no longer remain indifferent, right?

Kiji Miyazawa sorted out his thoughts and said, "Then let's discuss the next topic. Mie Nosan and Neon Bank discussed raising interest rates, and set the time for tomorrow, with a rate of 0.5%. You know the reaction it will bring ?"

The questioning in the same tone, but the prepared triple rebuttal was not false: "The cabinet wants to curb the price of real estate and control the bubble in the financial market. Raising interest rates is one of the best ways."

"It was just raised once in October!" Miyazawa Kiji saw that he was pretending to be stupid, and asked sharply, "In just two months, the interest rate will be raised again, Mie Ye-san, do you hope that the neon economy will stop because of the market? A lack of liquidity and a recession?"

"I already said it at the press conference on the first day of my tenure." Mie Yefu responded tit for tat, "Miyazawa-san, the interest rate of neon is now much lower than that of countries such as the United States, and the neon yen with low interest rates has now become the most A good safe-haven currency. A large amount of international funds poured into neon to buy the neon yen. Is the cabinet hoping that the neon yen will appreciate endlessly, causing the neon manufacturing industry to completely collapse and lose its competitiveness? "

Kiji Miyazawa became impatient, frowned and said, "It's not that I don't support raising the interest rate! Mie Ye-san, this year, the interest rate has been raised twice! But, it can't be now! You understand how much effort the Ministry of Finance has spent, Did the United States agree to open up the semiconductor and medical industry markets to Neon first?"

"Then Miyazawa-san, you understand that if you continue to maintain such a low interest rate, every day, how much money will be imprisoned in the financial market by the high-yield foreign exchange carry trade because of the interest rate difference between the neon yen and the rice dollar, etc. Make the financial bubble bigger and bigger?" Mie Yefu sneered, "Miyazawa-san, there is a figure you may not know. Now more than 200 trillion yen of the Nihong family's assets have been invested in the financial market! Yes More than 200 trillion yen! Clubs and financial institutions have far more money than this! The total market value of the neon stock market has exceeded 600 trillion yen!"

Tao Zhiming called Niupi directly, and his saliva almost flowed down.

The layout is so long, isn't it just waiting for the triple wild father who has developed for so long to come out to Gank and Carry the audience?

The triple wild father is about to increase his strength, Tao Zhiming's sickle is already ready to move.