Chapter 690

Takeshita wants to know who the traitor is, but the first thing he has to face now is the members of Congress who want to pick up the plane. Just a few days later, the Congressional consultation meeting originally agreed to discuss the emergency bank rescue plan was frequently interrupted by the opposition party's questions about ricurot Co., Ltd. With the continuous reports of the media and the deepening of the case, more and more politicians were taken away by the Japanese police for investigation. The image of the LDP in the eyes of the common people suddenly fell to the bottom. Some media even described the riculut stock incident as one of the four major scandals in Japan after the war, including Showa electric, shipbuilding and Lockheed.

As the names on the shareholder list are all around politicians, not politicians themselves, so no political bigwig has been arrested by the police. However, neither the media nor the people believe that these political leaders represented by Takeshita will be innocent. The media has long estimated that unless there is concrete evidence, it will be difficult for big men like Takeshita, Miyazawa and Shintaro Abe to be convicted by the police. At present, the only hope is that these arrested people can confess that they were instigated by others. What the media are most concerned about now is the confession of Takeshita's chief cabinet secretary, Tengbo Xiaosheng. You know, if Tengbo Xiaosheng is convicted, the prison term may be as high as ten years, but if he is only an accomplice, maybe he can stay in it for a few years.

The banking crisis, which everyone was concerned about, has now been completely replaced by the corruption scandals in Japanese politics, and the depositors who can't withdraw money and the investors who have suffered heavy losses in the Xiwu group also attribute the reason to the corruption of politicians. For a while, no one cared about bad debts. The LDP's priority now is to retain its largest party seat in Congress. And within the LDP, those ambitious people who have long been eager to try are also starting to move.

This is the best time for Xie liaosha to clean up Japan's banking system. As long as Japan's banking system collapses, there will be no basis for the housing and stock markets to support. Now Xie liaosha is going to have a good fight with Japan's most powerful banks, Tokyo Mitsubishi Bank and Sumitomo Bank. In his mind, the most appropriate example is the Southeast Asian financial crisis created by Soros in 1998. Soros achieved his goal by shorting the stock markets and foreign exchange markets of Southeast Asian countries at that time. But Japan is a little different. Japan is the country with the richest foreign exchange reserves in the world. It is impossible to short Japan's stock market and foreign exchange market at the same time. So he 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 only when the yen appreciated can he get more US dollars.

While likulut was still talking, Bank of Tokyo Mitsubishi and Sumitomo were attacked by the stock market at the same time. Under the strong capital pressure, the stock prices of the two banks began to fall continuously. Because of the power of the example, the banking sector of the Tokyo Stock Exchange also began to fall as a whole. Although the decline is not as terrible as that of the original Xiwu group, it has aroused widespread concern in the banking industry.

In the face of arrogant short sellers, Mitsubishi consortia behind Tokyo Mitsubishi Bank and Sumitomo consortia behind Sumitomo Bank began to buy back the shares of their own banks. The core of Japanese consortia is banks. Controlling enterprises with banks is the most basic organizational form of consortia. Therefore, Xie liaosha's attack on the consortia's banks is tantamount to directly attacking their lifeblood. Once the banks are defeated, the funds of large industrial enterprises such as automobile, chemical industry, metallurgy, etc., which are attached to the banks will have serious cash flow problems. Of course, the consortia have to fight to keep the bank's share price.

Xie liaosha used various methods to create such a rare opportunity in a thousand years. He has already put a heavy bet on shorting Japan. Mitsubishi and Sumitomo must fall. In order to make full use of the funds, he took a lot of money from Columbia bank, even borrowed a lot of money from Glencore group, Monsanto group, Yota communications, iridium, at & T and Mediterranean Shipping. In terms of cash strength, Xie liaosha can absolutely crush Mitsubishi and Sumitomo.

Xie liaosha and Japan's two major banks have a tough competition every day. The coach has no skill to speak of. It's just a competition of financial resources. Under the attack of Xie liaosha's madness, the shares of Tokyo Mitsubishi Bank and Sumitomo Bank are losing. Those people who don't know what happened to the United Bank of Japan and the Seibu group once again appeared to the Bank of Tokyo Mitsubishi and Sumitomo Bank. They have a sense of impending disaster. As a result, the run tide which had been eased by the emergency bank rescue plan once again appeared. All of a sudden, Tokyo Mitsubishi Bank and Sumitomo Bank have to deal with the strong pressure on the stock market on the one hand, and the capital outflow caused by the crazy run of depositors on the other. As a last resort, the two banks began to tighten lending.

And tightening loans, the first bad luck is those small and medium-sized enterprises who borrow money from the bank and those ordinary people who rely on bank loans to invest in real estate. Without warning, they were informed by the bank that the loan they had lent would be recovered. Please make preparations in advance.

Many customers who have received this notice can no longer sit still. If there is no loan, who can afford the house now. The bank is just ignoring everyone's life and death.

The symbolic banks like Mitsubishi Bank of Tokyo and Sumitomo Bank are short. If they are not blind, they will surely attract the attention of the whole world. Earlier, because of Japan's foreign exchange reserves and strong stock market, the international hot money who did not dare to take action also began to plan to take advantage of the fire. And the famous Hunshui company has become the commander-in-chief of shorting Japan.

In London, some private equity funds are trying to short Japan's external index, while in New York, some hedge funds are also trying to expand their business in Japan. Hot money are like sharks smelling the smell of blood. After Xie liaosha, a deep-sea giant, tore open a piece of the skin of Japan's economy, he also began to rush up.

If Japan, an open economy, arouses the interest of international hot money, then hot money entering Japan is just like entering a deserted land. Just a few weeks after Tokyo Mitsubishi Bank, Sumitomo Bank and Xie liaosha were forced to shoulder the burden, the joining of international hot money directly put the stock prices of the two banks on the limit board, while at the same time, almost all kinds of banks listed on the Tokyo Stock Exchange fell to the limit.

At this moment, in Japan's Congress, the opposition party jointly launched a mistrust case with Prime Minister takeshimen. The banking sector suffered a setback, which did not unite the Congress. Japan's political arena is still fighting for power and profit.