Chapter 232 The Run on the Union Bank of Japan
"Comrade Lebedev, your next task is to publicize the debt problems of the Seibu Group to the Japanese media, especially the credit debt. You must estimate the unrepayable debt of the Seibu Group to a roughly accurate scale by next Monday. Japan's financial media disclosed it..." Seryozha used a voice changer to remotely direct Lebedev's next mission. And Lebedev had no idea that his superior was the well-known Minister Ulyanov in Moscow. Lebedev only knew the code name of his superior, "Field Master", and this title Lebedev has also studied specifically, it is the old Japanese title for stockbrokers.
When Lebedev devoted himself to studying Western financial markets at the Institute of Economics of the International Socialist System in Moscow, he never imagined that one day he would use his knowledge of economics to serve the country in this way. He himself couldn't figure out why the field technician asked him to perform such a task. But he still vaguely sensed that Xiangchangshi seemed to be the one who had been shorting Seibu Group behind his back.
The field technician asked him to study the scale of Seibu Group's bank credit debts. He only gave it three days. Even if Lebedev and his company's employees worked overtime to do it, it might be very urgent. One thing Lebedev was clear about, though, was that Seibu's credit debt was enough to trigger an earthquake in Japan's banking system. Don't talk about anything else, let's talk about how the Seibu Group managed to eat six-tenths of Japan's land while land prices in Japan continued to rise. Of course, it was the bank's credit. Value, this company has long been driven to a dead end by his aggressive development strategy.
How much money the Seibu Group has borrowed from the Japanese banking system? If you want to know this question, Lebedev has to study all the financial reports and audit reports of the Seibu Group for the past five years. It's not an easy job.
Fortunately, it was just a simple and cumbersome accounting and auditing business. In order to get results as soon as possible, Lebedev outsourced this work to Ambison Accounting Firm. Therefore, under the estimation of hundreds of professional accountants of Ambison, the scale of the debt of the entire Seibu Group could not help but let Lebedev take a breath of air. The 170 subsidiaries of the Seibu Group have lent a total of 2 trillion yen from the banking system. This figure may not be very vivid, but according to the 1988 annual statistical report just disclosed by the Japanese government, Japan’s trillion yen last year was 1.5 trillion yen. The amount means that Seibu Group's credit debt is equivalent to about one-nineteenth of Japan's GDP last year. And with the way out of the Seibu Group's debt analysis report, the debt relationship between Japan's top 100 banks and the Seibu Group is also clear at a glance.
Twenty trillion yen. That's $200 billion in debt. I am afraid that this amount of money cannot be afforded by any Japanese bank. After Lebedev got the exact result, he immediately sent the report back to the country through the KGB intelligence system.
Sergesha looked at the long list of banks in the report. These were only the debt relationships between the top 100 banks in Japan and the Seibu Group. Some smaller banks and financial companies did not appear on it. And Yoshiaki Tsutsumi’s business management style is so special. Before the start of the operation, Seryozha had carefully studied the biography of Yoshiaki Tsutsumi, the richest man in the world. This man did not start from scratch.
He is the concubine son of a big Japanese family, and after squeezing out his elder brother to inherit the family business, Tsutsumi Yoshiaki started his dreamy business career. Yoshiaki Tsutsumi's business philosophy is that big and small take everything. As long as it is profitable, he is willing to do it no matter how small the business is. Therefore, Seibu Group has both large real estate companies and small businesses that operate ice cream chain stores. Over the years, I don’t know how many companies have been acquired by him, and then packaged and listed. It is precisely because of Yoshiaki Tsutsumi’s business philosophy that the Seibu Group has squeezed out Sony, Toshiba, Honda, Toyota and other Japanese manufacturing giants. , has become Japan's No. 1 conglomerate with the same reputation as the Mitsubishi Foundation, Sumitomo Foundation and Mitsui Foundation.
Seryozha was thinking, running his fingers through the long bank directory. He has completed the first step of the entire muddy water plan, which plunged the Seibu Group into a debt crisis. Now Serezha is about to implement his second step plan, which is to let the Seibu Group's debt crisis spread to Japanese banks. system. In order to be easy to succeed, it can also create sufficient social influence. Seryozha directly selected his targets from the top ten banks in Japan. Soon he fell in love with the Union Bank of Japan, which ranks fourth in the Japanese banking industry.
Although the Union Bank of Japan is not the bank that grants the most credit to the Seibu Group, it is the bank with the most prominent financial problems among the four major banks in Japan. A few years ago, the Union Bank of Japan suffered a huge loss due to the failure of overseas investment, and it suddenly fell from the second place to the fourth place. And it was also widely distanced by the top three banks. In order to restore the decline, the Union Bank of Japan formed a strategic alliance with the then flourishing Seibu Group. Provided nearly 400 billion yen in credit to the Seibu Group. That sum is close to one-fifth of Union Bank of Japan's assets. If the Seibu Group cannot repay the money, the Union Bank of Japan will close its doors.
After repeated consideration, Sergey finally decided to start with the Union Bank of Japan. Therefore, under Sergey's instruction, Lebedev once again disclosed the muddy water to the Japanese "Yomiuri Shimbun" in the name of the Muddy Waters Research Institute. Water's exclusive financial analysis report.
In less than twenty-four hours, the "Yomiuri Shimbun" disclosed the report to readers in the form of a column. Because of Muddy Water's current reputation and attention, Muddy Water's research report has become a hot topic of discussion on financial programs on major Japanese TV stations. The audience was first surprised by the huge debt scale of the Seibu Group. When Yoshiaki Tsutsumi was the richest, his assets were as high as more than 130 billion US dollars, but who would have thought that the debt of the Seibu Group was as high as 200 billion US dollars. It seems that Yoshiaki Tsutsumi "The world's richest man" should be called "the world's first loser".
Almost within half an hour after the news was broadcast, the front of the Union Bank of Japan was suddenly full of customers who came to withdraw money. Many customers who have deposited money in the Union Bank of Japan know that the Union Bank of Japan is a major creditor of the Seibu Group through TV. Once the Seibu Group cannot repay its debts, the Union Bank of Japan must go bankrupt. As a result, a run on the Union Bank of Japan finally kicked off under Sergey's plan. ()