Rebirth 76: Industrial Internet Empire

Wednesday, April 12.

People who get up early to go to work in Tokyo suddenly find that there are more or less crowds gathered in front of Saitama Bank's major branches in Tokyo, queuing up in the biting cold wind, waiting for the bank to open.

After some passers-by asked about the reason, they also joined the queue...

The Tokyo Stock Exchange has attracted almost the world's attention. The size of the Japanese stock market has exceeded 900 trillion yen. The price-to-earning ratios of major commercial banks and securities companies are almost 60-80 times or more. Fuji Furong Bank has the background of multiple consortiums. The price-to-earnings ratio has even exceeded 110 times!

After three dull bells, the penultimate trading day of 1989 began.

Less than 10 minutes after the market opened, under the leadership of the four major chaebols, Japan's major commercial banks frantically bought their own stocks. These commercial banks had no way out and could only desperately protect the market under the coercion of the four major chaebols. The stock and property markets collapsed. , the first to be impacted is the banking industry...

Driven by the overall performance of banking stocks, the Nikkei 225 Index once again stood above 38900 points, with 4 points already within easy reach. There were cheers in the Tokyo Stock Exchange...

Osaka Futures Exchange.

The landmark 38900 points have been firmly established by many parties, and 40000 points are almost within reach.

Fujita Shingen is the overall person in charge of this "Golden Cicada Escape" operation. For the sake of fairness, the four major chaebols invested the same amount of money in futures contracts, and Fujita Shingen uniformly directed the actions at the Osaka Futures Exchange and the SGX.

It can also be seen from the code name of "Golden Cicada Escapes" that Yang Mo's judgment is likely to be correct...

The stimulus of 40000 points made many investors' adrenaline levels rise, and a large number of 225 stock index futures contracts suddenly appeared on the stock index futures market...

Fujita Shingen looked happy, stood up and said: "Everyone, I announce that the "Golden Cicada Escapes" operation will start now, please!"

After hearing this, the staff immediately followed the plan and used the mysterious account prepared in advance to sell short Nikkei 225 Index futures contracts on highs.

After a while, Fujita Shingen's smile froze on his face. Only two of the dozens of short orders they broke up were traded, while the long orders that appeared on the market had long since disappeared!

"Fujita-kun, someone jumped ahead of us and took the long orders that emerged on the market..." A staff member came in to report.

"Baga! These dishonest bastards are starting to undermine each other again! Go check the origins of these accounts..." Fujita Shingen cursed.

Fujita Shingen naturally thought that several large chaebols were competing for the long contracts that emerged on the market for their own benefit. Otherwise, this situation would not be possible. The short side was obviously at a disadvantage and was losing ground. How could it be possible? What about suddenly jumping out to grab chips?

The news from Osaka Futures Exchange and SGX seems to confirm this. Almost all of these accounts competing for chips have been newly opened in recent times!

At nine o'clock in the morning, more and more people gathered in front of Saitama Bank's major branches in Tokyo, and some true or false rumors quickly spread among these people.

"I wonder what went wrong? All of our company's funds deposited in Saitama Bank have been withdrawn and transferred to foreign banks..."

"Don't you know yet? Saitama Bank has suspended the approval of housing mortgage loans. It is said that all personal consumption loans have been suspended. The notice just issued by the head office was personally stated by our relatives who work at Saitama Bank... "

"That's not true! I heard that many local commercial banks participated in the speculation of futures contracts and suffered heavy losses..."

"Ah! What about our savings?"

Amid the buzzing chatter among the people queuing up, negative news about Saitama Bank began to ferment, and more and more Tokyo citizens joined the queue to withdraw money.

This kind of scene began to spread across Japan as if it had wings. With the media's fueling the flames, some small and medium-sized commercial banks also smelled the danger.

Banks, banks, and pawnshops are afraid of runs. This is an eternal truth. Even if your bad debts and bad debts are not enough to bring you down, you can face a large-scale run. Without external help, it is difficult to escape unscathed!

Saitama Bank is in such a predicament. The head office in Saitama Prefecture and branches scattered across the country are facing great enemies and borrowing funds everywhere.

However, many commercial banks are also afraid that they will be submerged by this wave of bank runs, so how can they dare to lend a helping hand easily?And the large commercial banks controlled by several chaebols are locked in a final desperate struggle between the stock market, futures market, bond market and the short side...

The sudden crisis at Saitama Bank caused Japan's overnight interbank lending rate to skyrocket by 7 percentage points...

Thursday, November 12.

The run crisis on Saitama Bank became more and more serious, and anxious depositors lined up in long lines at the entrance of major business offices all night long.

"Why? The rich use our poor people's money to speculate in stocks and real estate to make huge profits, but let us bear the risk?"

"This is all our hard-earned money! Stocks and houses have increased several times, but the annual interest rate given to us is only 0.25%. Now we can't even withdraw the principal!"

"If we don't give us money today, we won't leave. These bankers are extremely rich, but they want to embezzle our hard-earned money..."

If you observe carefully, most of the people who made the loudest noise in front of Saitama Bank in the past two days were people from Kishida Game Company and related financial companies. These people took turns in front of various business offices to stir up negative emotions among depositors...

Saitama Bank, which was caught in a run, had no choice but to seek emergency help from the central bank.

Under the joint efforts of HSBC and Zhiyuan Group to block the move, several major chaebols' intentions to seek liquidation and hedging on the Osaka Futures Exchange and SGX were dashed.

The main force of the short side does not seem to be in a hurry to close the net, but repeatedly competes with the long side near 38900 points, consuming the funds of the Japanese consortium.

The trading volume of the Tokyo Stock Exchange once again set a new record. After a day of repeated competition, at the close of the afternoon market, the Nikkei 225 Index was fixed at 38950 points!

After the market closed, the Bank of Japan and the Ministry of Finance urgently interviewed major commercial banks regarding the run crisis on Saitama Bank.

The topic of the interview quickly got sidetracked. These Japanese consortiums will not care about the life and death of Saitama Bank. What they care most about is that the Ministry of Finance quickly releases major good news to boost confidence in the stock market and give them a buffer time to escape. As for the capital bubble that is getting bigger and bigger, it has nothing to do with them.

The philosophy of life of the Japanese chaebols and elites is: As long as you can get out of trouble, why bother about the raging flood behind you?