Beiyang reactionaries

Too fast.

It's so fast that people can't react.Since it was reported that Suzuki Store started to sell its assets in China because of lack of money, Suzuki Store has been run on by creditors.

Facing aggressive creditors and increasing rumors, Suzuki Store chose to borrow money from the bank in Taiwan with the best relationship with itself.Hope to get the support of the Bank of Taiwan to tide over the current difficulties.However, on September 1925, 9, the Bank of Taiwan formally refused to lend money to Suzuki Stores. On the contrary, they also demanded that Suzuki Stores pay back the money, completely drawing a line with Suzuki Stores, an old friend.The refusal of the Bank of Taiwan plunged Suzuki into the abyss.All creditors who heard the news that the Bank of Taiwan refused to lend to Suzuki Store ran on Suzuki Store again.

The Suzuki shop couldn't stand it anymore.

It's because I owe too much money.So after only three days, the Suzuki store closed and declared bankruptcy.

A sensation throughout Japan.

It even caused a sensation in the entire Asian region.Because the Suzuki store is a big chaebol, and the assets of the Suzuki chaebol are hundreds of millions of dollars.The assets they control are even larger, some exceeding one billion US dollars.They monopolized many businesses in Japan, including Taiwan's camphor export.

Taiwan's annual camphor exports account for about 5000% to 60.00% of the world's camphor exports, with annual sales reaching about [-] million US dollars.Suzuki stores control more than [-]% of Taiwan's camphor exports, and the Suzuki chaebol has huge profits in this business alone.

In addition to the camphor business, the Suzuki chaebol is involved in more than a dozen industries.When it was brilliant, it was really kicking the Mitsui Zaibatsu.It is a pity that the Japanese economy has not been good in the past few years, coupled with the severe international trade situation, and more importantly, the falling out with China has severely hit the Suzuki chaebol.As a rising star, the Suzuki Zaibatsu has far less relationship with the government than a veteran chaebol like the Mitsui Zaibatsu.Therefore, it has not been able to get much support from the government, so it has been difficult in the past few years.

How can such a chaebol go bankrupt without causing a sensation.

On September 1925, 9, at the same time that the Suzuki store went bankrupt, the Japanese cabinet approved a special financing plan to assist the Bank of Taiwan, that is, the Bank of Taiwan bailout case was passed.

The Japanese cabinet handed over the rescue case to the Privy Council, and it can be implemented after the Privy Council signs and approves it.

However, on September 1925, 9, the Privy Council of Japan rejected the Bank of Taiwan bailout approved by the cabinet by 14 votes to [-] on the grounds that it was "unconstitutional".Japanese Prime Minister Reijiro Wakatsuki negotiated with the Privy Council several times, but the Privy Council insisted on the "unconstitutional" reason and refused to approve the Bank of Taiwan bailout.

At this time, in Taiwan, there are already all kinds of news flying all over the sky.

It was rumored everywhere that the Suzuki store owed the Bank of Taiwan [-] million yen, and with the closure of the Suzuki store, all the money was wasted.Taiwan's banks have no money now and are about to go bankrupt.

For a company like a bank that needs trust, rumors are the most terrifying.Because the bank is most afraid of causing a run.Any bank in the world, no matter how powerful it is and how healthy its finances are, as long as it loses the trust of its depositors and encounters a run, it will be unable to withstand it.

This is the case with the Bank of Taiwan now.

are in danger of being squeezed.

That's why the Bank of Taiwan hopes to get the support of the Bank of Japan.As long as the Bank of Japan supports it, there is no need for real money. As long as there are rumors of support, the Bank of Taiwan will be able to tide over the difficulties.But what he waited for was not the support of the Bank of Japan, but the rejection of the Bank of Taiwan bailout by the Privy Council.

This kind of news is the fastest.

Immediately spread to Taiwan.Everyone knows that the Japanese government will not bail out the Taiwanese banks this time.Therefore, the Bank of Taiwan was immediately run on all over Taiwan.

Tens of thousands of people are waiting in line to withdraw money.

Can't stand it anymore.

Taiwan's banks already have a lot of bad debts, so they don't have much liquidity in hand.Now there is a run again, and there is no money at all. On September 1925, 9, the Bank of Taiwan finally couldn't hold on and announced a temporary closure.

It doesn't matter if the Bank of Taiwan is like this, but it has angered the people all over Taiwan.

Many people who have deposited money in Taiwan banks cannot withdraw their money because Taiwan banks are temporarily closed.Thousands of years of family culture in China has made many people a little numb to the change of dynasties and rulers.As long as the new dynasty, the new regime, and the new rulers safeguard the interests of their own families and protect their own interests, then their will to resist is not very high.

But in the same way, once any force affects its own interests, their resistance will be very fierce.In the past few years, Japan's raids in Taiwan have been serious, and taxes of various names have also increased.It has dissatisfied the people of Taiwan.However, the collapse of the Bank of Taiwan has offended the people of Taiwan even more.

In an instant, Taiwan also became troubled.

City strikes, school strikes, and some people even took advantage of this opportunity to form resistance forces, which kept Taiwan's police very busy.

"Kurasho Kataoka, is our bank really in danger now?"

Precarious.

The news of the bankruptcy of the Bank of Taiwan has spread, and the entire Japanese financial institution is in a panic.Because although the currency issued by the Bank of Taiwan cannot be circulated in Japan, they have a lot of economic contacts with Japanese financial institutions.As the "central bank" of Taiwan, the Bank of Taiwan is trusted by many Japanese financial institutions.So I borrowed a lot of money from them, but I can't get it back now.Now that Japan's financial situation is not good, any bad debt is a big problem for them.Moreover, the contradiction between the cabinet and the Privy Council was completely exposed at this time.

Cabinet Prime Minister Reijiro Wakatsuki negotiated with the Privy Council several times, but there was no result at all.The two sides broke up on bad terms.The forces represented by each use newspapers to abuse each other.

Moreover, Yoshiichi Tanaka refused to support Reijiro Wakatsuki this time, and instead stood with the Privy Council, which caused the conflict between the largest party in parliament, the Constitutional Council, and the second largest party, the Seiyukai, to erupt quickly.

The House of Representatives is already in a mess.

Tanaka Yoshiichi thought very simple.The so-called banking crisis is a good opportunity for Tanaka Yoshiichi.Reijiro Wakatsuki worried that the banking crisis would seriously hit the Japanese economy, but Yoshiichi Tanaka thought that the current situation of the Japanese economy must be broken and established.Can not follow the traditional economic model.And this crisis is a great opportunity.Taking advantage of this crisis to force Wakatsuki Reijiro to step down, Tanaka Yoshiichi had a chance to become the cabinet prime minister.Therefore, the Political Friends Association began to attack the Wakatsuki Reijiro cabinet frequently.

The House of Representatives is in session.

Members of the Political Friends Association directly pointed their finger at Kataoka Naoun who came to give a report.Naoto Kataoka kept wiping away his sweat, because these opposition congressmen did not give themselves a chance to breathe, and kept asking themselves questions.They criticized the wrong strategy of the cabinet for the bankruptcy of the Suzuki store and the bankruptcy of the Bank of Taiwan.

"Our financial system is indeed very dangerous now. At this time, we need the solidarity of all of us to tide over the difficulties."

"Kangsho Kataoka, just say it straight. Which of our banks can't survive now. Why can't they survive?"

aggressive.

Members of the Seiyukai will not let go of this opportunity to attack Kataoka Naoun fiercely, in order to attack the current cabinet Prime Minister Reijiro Wakatsuki.A very direct question, you are now talking about the danger of Japan's finances and the danger of Japanese banks. How dangerous is it?Which banks are at risk.

Kataoka Naoto was dazed by these people's questions.

Therefore, I said directly: "Everyone, there are currently two biggest problems for my country's financial institutions. One is that in order to protect them during a major earthquake, a special support order was issued to postpone the payment of debts, allowing them to extend the debt repayment period. The other is a major earthquake. At present, many of the disaster relief loans that were issued at the time have become bad debts. So now many banks are seriously short of liquidity, disaster relief loans have become bad debts, and many other loans cannot be collected. Once a large amount of cash needs to be exchanged, many banks will not be able to support it. live."

"Kangsho Kataoka, don't keep changing the subject. You should clearly say how many banks are currently unable to survive, and which banks are mainly at risk."

Kataoka Naoun was a little annoyed.

I have already explained it in this way, and these people have not let themselves go.At such a critical time now, it shouldn't be that everyone is sincerely united.But these people are a group of despicable people for the sake of power, regardless of the overall situation.So I couldn't help but said: "There are many. The most dangerous ones at present are like Tokyo Watanabe Bank. If there is no other support, they can't afford the money."

"Oh--"

"Buzzing—"

The House of Representatives is in session.

Especially in this mode of meeting, many journalists will participate.Naoto Kataoka was very angry. What he said directly without considering the consequences immediately aroused great interest from the media.

Tokyo Watanabe Bank?

This is no small bank.His predecessor was the No.20 Seventh National Bank of Japan, and he is definitely not small in Japan.The Watanabe Bank of Tokyo accounts for about [-]% of Japan's deposits, and is the largest bank in Japan.

But what did Kataoka Naoun just say?

It is said that Tokyo Watanabe Bank has no money, that is to say, there is no liquidity.Once encountering cash exchange, such a bank is the easiest to fail.

This is big news.

Everyone does not doubt the accuracy of this news.Because this was said by Nao On Kataoka, a Tibetan photo from the Ministry of Finance, Japan.Of course, the words of a Tibetan who is in charge of finances cannot be false.In other words, Tokyo Watanabe Bank is really dangerous.

media?reporter?What they want is news, and what they want is sensational news.They hope to use such news to create eyeballs and increase their sales.

Big picture?

The overall situation has nothing to do with them.They are not politicians.Therefore, some reporters have quietly left the venue.Neither Kataoka Naoto nor the current members of parliament had thought of the seriousness of the problem.They didn't realize how much impact Kataoka Naoto's words would have.