Chapter 237 The World Is in Chaos

Takeshita wants to know who the traitor is, but now he has to face those members of Congress who want to pick up the plane. Just a few days later, the parliamentary consultation meeting, which was originally agreed to discuss the emergency bank rescue plan, was frequently interrupted by the opposition party asking questions about Rikulut Corporation. With the continuous media reports and the deepening of the case, more and more people close to the politician were taken away by the Japanese police for investigation. The image of the Liberal Democratic Party in the minds of ordinary people suddenly fell to the bottom. Some media even described the Rikulut stock incident this time as one of the four postwar scandals in Japanese politics along with the Showa Denko incident, the shipbuilding scandal, and the Lockheed incident.

Since the names on the shareholder list are all close friends of the politician, not the politician himself, no political leader has been arrested by the police so far. But neither the media nor the common people believe that these political leaders represented by Noboru Takeshita will be innocent. The media has already estimated that unless there is solid evidence, it will be very difficult for the police to convict such bigwigs as Noboru Takeshita, Kiichi Miyazawa and Shintaro Abe. The only hope at present is that these arrested people can confess that they were ordered by others. What the media are most concerned about now is the confession of Chief Cabinet Secretary Fujinami Takao of Noboru Takeshita. You must know that if Fujinami Takao is convicted, the sentence may be as high as Ten years, but if he is just an accessory, maybe he only needs to stay in there for a few years.

The banking crisis that everyone was concerned about has now been completely replaced by corruption scandals in Japanese politics, and those depositors who could not withdraw their money and investors who suffered heavy losses in Seibu Group also blamed the corruption of politicians. For a while, no one cared about the bad debts of the bank anymore. The Liberal Democratic Party's primary issue now is to keep its largest party seat in Congress. And within the Liberal Democratic Party, those careerists who have long been eager to try have also begun to move around.

This is the perfect time for Seryozha to clean up the Japanese banking system. As long as Japan's banking system collapses, the property market and stock market will have no basis to support. Serezha is now going to compete with Japan's most powerful Bank of Tokyo-Mitsubishi and Sumitomo Bank. In Seryozha's mind, the most suitable example is the Southeast Asian financial crisis created by Soros in 1998. At that time, Soros achieved his goal by shorting the stock and foreign exchange markets of Southeast Asian countries. But Japan is a little different. Japan is the country with the most abundant foreign exchange reserves in the world. It is impossible to short Japan's stock market and foreign exchange market at the same time. So Sergey focused on shorting the stock market. At the same time, he also wanted to help the Japanese government continue to raise the exchange rate, because Sergey can only exchange for more dollars if the yen appreciates.

While Rikulut was still chattering, Bank of Tokyo-Mitsubishi and Sumitomo Bank of Japan were attacked from the stock market at the same time. Under the pressure of strong funds, the stock prices of the two banks began to fall continuously. Because of the power of example, the banking sector on the Tokyo Stock Exchange also began to fall as a whole. Although the decline was not as terrifying as that of the Seibu Group, it still attracted widespread attention from the banking industry.

In the face of arrogant short-sellers, the Mitsubishi consortium behind the Bank of Tokyo-Mitsubishi and the Sumitomo consortium behind Sumitomo Bank have both begun to repurchase their own banks' stocks. The core of the Japanese consortium is the bank. It is the most basic organizational form of the consortium to use the bank to control the enterprise. Therefore, Seryozha's attack on the bank of the consortium is tantamount to attacking their lifeblood. Once the bank is defeated, the cars attached to the bank will be destroyed. The funds of large industrial enterprises such as chemical industry and metallurgy will have serious cash flow problems. Of course, the consortia must desperately hold on to the bank's share price.

Seryosha used various methods to create such a once-in-a-lifetime opportunity, and has placed a heavy bet on shorting Japan. Mitsubishi and Sumitomo must fall. In order to fully allocate funds,

Seryozha took a large amount of funds from the Columbia Bank without knowing it, and even borrowed a large amount of funds from the Glencore Group, Monsanto Group, and even Yota Communications, Iridium, AT&T, and Mediterranean Shipping Company. In terms of cash strength, Seriosha can definitely crush Mitsubishi and Sumitomo.

Seryozha and Japan's two major banks will have a head-to-head contest every day at the opening of the market. This coach has no skills at all, and it is purely a competition of financial resources. Under Sergesha's crazy attack, the stock prices of Bank of Tokyo-Mitsubishi and Sumitomo Bank retreated steadily. Those ordinary people who didn't know the inside story saw the scene that happened to the Union Bank of Japan and the Seibu Group once again appeared on the Bank of Tokyo-Mitsubishi and Sumitomo Bank, and they all felt that a catastrophe was approaching, so they were originally due to the emergency bank rescue plan. The wave of runs that has eased has reappeared. Now, the Bank of Tokyo-Mitsubishi and Sumitomo Bank have to deal with the strong pressure on the stock market on the one hand, and on the other hand, they have to deal with the outflow of funds caused by the crazy run of depositors. As a last resort, the two banks began to tighten loans.

The first unlucky people who tightened loans are those small and medium-sized enterprises that borrow money from banks and ordinary people who rely on bank loans to invest in real estate. Without warning, they were notified by the bank that the loan they had taken out would be called back. Customers please prepare in advance.

Many customers who received this notice couldn't sit still anymore. If there is no loan, who can afford the current house. Banks simply don't care about everyone's lives.

Iconic banks such as Bank of Tokyo-Mitsubishi and Sumitomo Bank are shorted, as long as they are not blind, they will definitely attract the attention of the world. International hot money who were afraid to take action because of the foreign exchange reserves of Japan's Tsingtao and the strong stock market and property market have also begun to plan to take advantage of the fire. And the well-known muddy water company has simply become the commander-in-chief of shorting Japan.

In London, some private equity funds began to try to short Japan's foreign market index, while in New York, some hedge funds also began to try to develop Japanese business. The hot money is like a shark that smells blood. After the deep-sea giant Seryozha tore a piece of skin from the Japanese economy, it also began to pounce on it frantically.

If an open economy like Japan arouses the interest of international hot money, then hot money entering Japan will be like entering no one's land. Just a few weeks after Bank of Tokyo-Mitsubishi, Sumitomo Bank, and Sergei Shariya held on, the addition of international hot money directly pushed the stock prices of the two banks to the limit. At the same time, the types of banks listed on the Tokyo Stock Exchange Almost across the board.

And at this moment, in Japan's Diet, the opposition parties jointly launched a no-confidence motion against Prime Minister Noboru Takeshita. The setbacks in the banking sector have not united the Diet, and Japan's political arena is still fighting for power and profit.