Reborn In the Tokyo Bubble Era

   Chapter 505 Triple Ye Fu? No, triple wild dad!

   In the deadly silent conference room, Mie Nofu had a flat expression and a firm attitude, Miyazawa Kiji had to speak first.

   Such an important gate, when the door is completely closed, can no longer tolerate any euphemism. Miyazawa Kier said with a stern face: "Your Excellency President, do you have any opinion on the legal subordination of Neon Bank to the government?"

   The words were sharp, Mie Yefu nodded calmly: "Of course."

   "Then, as an agent of the government, Neon Bank can underwrite treasury bonds under special circumstances according to the Neon Bank Law and the Public Finance Law. You haven't forgotten these regulations, have you?"

  Mie Yefu smiled and nodded again calmly: "I didn't forget."

   "Then, why does this year's National Bond Issuance Coordination Conference have a completely different tone from the past few decades?" Miyazawa Kiji's eyes were cold, "Your Excellency President, please give me more guidance!"

   Tao Zhiming was so addicted that he was about to pinch.

   He looked at Mie Yefu, only to see that there was still a calm smiling face, Tao Zhiming saw a little bit of sarcasm.

I just listened to Mie Ye and said slowly: "But I remember that there are also clear provisions in the bill. In principle, Neon Bank cannot provide loans for the government and underwrite government bonds. So everyone is very clear that doing so will actually cause endless harm. of."

   Miyazawa Kiji didn't pay attention to this statement at all.

Mie Ye nodded again: "Of course, the cabinet will always face special circumstances, there is no way. Therefore, although Neon Bank does not directly underwrite treasury bonds, over the years, there has been a practice of buying treasury bonds from the secondary market. Facts Because of this, the secondary market of Neon's government bonds is very active and huge in the world. Your Excellency Miyazawa, you should be clear? As of the end of last year, what was the size of Neon's short-term government bonds, and how much did Neon Bank hold? proportion?"

   Miyazawa Kiji's eyes narrowed, and then he blurted out: "Neon Bank holds 15.3 trillion of short-term government bonds with a total size of 21.2 trillion yen."

"As expected of His Excellency Miyazawa, who has served as Minister of Finance for many years." Mie Yefu still smiled, "So, in the coming year, I hope that the proportion of newly issued government bonds purchased by Neon Bank from the secondary market will be increased by 5% compared with this year, Your Excellency Miyazawa. Why don't you go to the Congress and propose a bill to amend it so that Neon Bank can simply print money directly for the use of Tibet?"

   Miyazawa Kiji was mocked and his face was extremely ugly.

Mie Yefu was still mocking, and even bowed and saluted: "In the past few years, Miyazawa-san and other adults have promoted financial soundness, so that the scale of the issuance of neon government bonds has been lower than before, and gradually reduced. I have great respect for the issue of national debt dependence. Since Miyazawa-san knows that the proportion of national debt held by Neon Bank is already so high, we should also be aware of the risks involved? Besides…”

His expression suddenly turned cold: "Despite my repeated objections, during the tenure of President Sumida, new currency was still issued at a very high rate. The growth rate of the issuance scale of new currency was as high as 10% the year before and last year! How big is the inflationary pressure? While reducing debt dependence, issuing so much new currency and implementing such a proactive fiscal policy, can things like this continue forever?"

Then Mie Yefu slapped the table before, calmly smiling and suppressing anger broke out: "During an economic recession, by reducing taxes and increasing public investment to stimulate the economy, how can such an economic policy be used when the economy is booming? And the tax that the rich should pay, the consumption tax, which is mainly borne by ordinary citizens, is introduced, and it is hoped that the social capital will be active to replace the government’s public investment. Is the current bubble caused by Neon Bank?”

Mie Yefu entered the state, and seemed to suddenly nodded: "Yes, Neon Bank is also responsible. After all, President Sumita faithfully implemented the decision of the Ministry of Finance, and the government's debt dependence has been greatly reduced. Through the guidance of the window, through the In the purchase of construction bonds, a large amount of funds have entered the real estate, construction industry, and financial industry, which is a credit to Neon Bank. Your Excellency Miyazawa, since you are now thinking about how to suppress the bubble, why do you want to deal with me? Is it hard to accept rejection?"

  Tao Zhiming sighed in his heart, is this guy Hanzawa Benzawa? Classic Xia Ke Shang, with a puzzled look on his face, waited for Miyazawa Kier to jump into the pit.

   Yes, the cabinet also wants to control the bubble, the central bank buys less government bonds, and let the idle funds in the society flow into more conservative government bonds, what's wrong?

Miyazawa Kiji could only answer in a deep voice: "Over the years, the purchase share discussed is only to avoid insufficient purchases! If the capital in the society is willing to buy government bonds because of the cabinet's actions, of course, the central bank will not be further expanded. debt ratio!”

  Mie Yefu once again resumed his flat smile: "Neon Bank believes that the current debt ratio is already dangerous. If the detailed debt ratio of Neon Bank is announced, does Miyazawa-san know what kind of reaction it will bring?"

   This Tao Zhiming understands that there is no clear theoretical system yet, but the "Modern Monetary Theory" has become popular since the 1990s. The situation Mie Yefu said is the monetization of the fiscal deficit.

   After listening to the data they said, Tao Zhiming made some calculations. At present, Neon's national debt burden ratio, that is, the proportion of national debt to GDP, is about 65%. This is the result of reducing the debt ratio through various cabinet operations in recent years. According to later statements, even in developed countries, more than 60% is very dangerous. The later neon was like a wild horse, with the debt burden rate soaring to more than 250%.

   And the central bank holds too high a proportion of national debt, which will almost certainly lead to the monetization of the fiscal deficit. To put it bluntly, although it uses the form of national debt, it is essentially equivalent to the central bank printing money directly for the government to spend. If this state is not controlled, it will evolve into a word that everyone often hears later: Yangma releases water, and nuclear power prints money.

   The result is, of course, clear: soaring prices, inflation.

   This goes against the view that Mie Yefu has always insisted: the first social responsibility and purpose of the Neon Central Bank is to ensure the stability of prices.

Seeing Tao Zhiming's thoughtfulness, Mie Yefu actually asked: "President Tao, you are praised as the 'god of finance who walks the world'. Professor Yamamoto has always praised you very much. Can you explain it to everyone? Is this the consequence?"

   Tao Zhiming was suddenly named, and everyone looked at him immediately.

  Mie Ye's eyes returned to play, and Miyazawa Kiji obviously wanted to refute him.

Tao Zhiming let out a haha ​​and didn't answer: "I'm just lucky, the **** of finance or something, this is the province of Tibet to kill me. Miyazawa-san, please rest assured, I still hope that Neon will have a stable environment, and this also suits my needs.”

   There are many people with different eyes, and the ghost knows if there are any inner ghosts of Hibiscus and Sanhe in this room. On the surface, Miyazawa Kiji came to power, which was a sign that Iwasaki Ryunosuke launched a surprise attack on himself and the "opposition" within the Democratic Liberal Party had the upper hand.

   In a word, in the eyes of outsiders, Tao Zhiming should not deal with Miyazawa Kier, how can he help him? Tao Zhiming came to the meeting, only Miyazawa Kier wanted to control his unstable factor.

Miyazawa Kiji was also very helpless, he could only say: "I don't need President Tao to say anything, I can understand the consequences of what you said. But Mie Ye-sang, Neon Bank will not stop buying some of the new hair in the coming year. The national debt?"

Mie Ye heard that he meant to make concessions, and nodded as soon as he saw it: "It can only be the same as this year's purchase ratio, and the debt ratio of Neon Bank cannot be increased any more. In the turbulent turmoil, Neon Bank is not meant to be completely opposed to the cabinet! For my insistence, please understand Miyazawa Sando. Our goal is to serve all the people of Neon!"

   Miyazawa Kiji got his promise. Although it failed to meet expectations, there was nothing he could do.

   Continue to quarrel, how can he quarrel with Mie Yefu, who was born in Dongda University and has been staying at Neon Bank since graduation? After all, he's just a politician, isn't it uncomfortable to quarrel with him professionally?

   Tao Dalang is also happy to act and doesn't speak for him at all.

   But on the next issue, he can't be indifferent anymore, can he?

Miyazawa Kiji sorted out his thoughts and said, "Then discuss the next issue. Mie Nosang, Neon Bank discussed raising interest rates, and set the time for tomorrow, the rate will reach 0.5%, you know the reaction this will bring. ?"

   The questioning in the same tone, the prepared Mie Nofu is not false: "The cabinet must suppress the price of real estate and control the bubble in the financial market, and raising interest rates is one of the best ways."

"I just raised it once in October!" Miyazawa Kiji asked with sharp eyes when he saw that he was pretending to be stupid, "In just two months, the interest rate will be raised again, Mie Ye-san, do you hope that Neon's economy will stop because of the market. A lack of liquidity and a recession?"

"I already said it at the press conference on the first day of my tenure." Mie Yefu retaliated, "Miyazawa-san, the interest rate of neon is far lower than that of the United States and other countries, and the low-interest neon yen has now become the most expensive. A good safe-haven currency. A large number of international funds poured into neon to buy neon yen. Does the cabinet hope that neon yen will rise in value endlessly, so that neon's manufacturing industry will completely collapse and become uncompetitive?"

Miyazawa Kiji got impatient, frowned and said, "It's not that you don't support raising interest rates! Mie Ye-sang, this year, the interest rate has been raised twice! But, not now! You understand how much effort the Ministry of Tibet has spent, Did the U.S. agree to open up the semiconductor and medical industry markets to Neon first?"

"Then Miyazawa-san, do you understand that if interest rates continue to be kept at such a low level, every day, how many funds are imprisoned in the financial market by high-yield foreign exchange carry trades because of the interest rate difference between neon yen and rice yuan, etc.? Make the financial bubble bigger and bigger?" Mie Yefu sneered, "Miyazawa-san, there is a number you may not know. Now, more than 200 trillion yen of Neon family's assets have been invested in the financial market! Yes! More than 200 trillion yen! The money of corporations and financial institutions is far more than that! The total market value of the Neon stock market has exceeded 600 trillion yen!”

   Tao Zhiming called Niubi directly, and his saliva was about to flow down.

  The layout is so long, isn't it just waiting for the triple wild dad who has developed for so long to come out to Gank and carry the audience?

  The triple wild father quickly increased his strength, Tao Zhiming's sickle was ready to move.

Miyazawa Kiji didn't seem to know this number, and in shock, he heard Mie Yefu continue to talk: "By raising interest rates, how much money will the financial market flow out into the areas that really need funds? How can there be a lack of liquidity? ? Today's Neon is not short of money at all! It's just that most of the money is in the financial market and real estate market!"

   In the face of Mie Yefu's well-founded attack, Kiji Miyazawa was basically unable to resist, and he could only insist: "In any case, we need to wait until April next year, according to the situation in the first fiscal quarter, before deciding whether to raise interest rates!"

  Mie Yefu shook his head: "The Council of Neon Bank has passed the decision. This rate hike must be completed within this year!"

   Miyazawa Kieran burst into flames: "Above the Neon Bank Council, there is the Neon Bank Policy Committee!"

   Mie Yefu replied indifferently: "The policy committee has also passed the decision."

   Miyazawa Kieran drank tea in a sullen mood, and looked at Tao Zhiming between drinking tea.

   What can Tao Zhiming do when he looks at him like this? Just keep smiling.

   Mie Yefu is really the big father. He has been the vice president for so many years and has a far-reaching layout. As soon as he came to power, the surprise attack was so violent.

  The Neon Bank Policy Committee, the original highest monetary policy decision mechanism, was created by the "king" neon, who likes to hold a pipe, imitating the US Federal Reserve.

   But the first generation of Neon Bank presidents were strong and powerful. Because the Supreme Emperor needed to rely on him at that time, this policy committee was set up inside Neon Bank. Since they are all internal, then there is the Neon Bank Council, and this nominally highest decision-making body is naturally empty and becomes a general display of a sleeping committee.

   In order to hold the control of Neon Bank in his hands, the later Minister of Tibet Province parachuted a person from Tibet Province to serve as the president, and indirectly controlled the Neon Bank by taking control of personnel.

   After that, Dajang Province completely held the Neon Bank in its hands at one stage.

   Then the fierce man Tanaka Eei fell from the sky. At that time, he and the Prime Minister, who was the prime minister of the Great Tibet, did not deal with it. So the Prime Minister hired the former president of Mitsubishi Bank to serve as the president of Neon Bank, and while the work of the Ministry of Finance was to be carried out, it was impossible for Tanaka Eiji to ask for help from the central bank governor who was sent to restrain him at that time.

   So, Tanaka Eiji and the then vice president of the central bank reached an alliance and plotted a tacit agreement: the future president of the central bank would rotate between the deputy minister of the Tibet Provincial Affairs Department and the direct descendants of the central bank, and each party had one term.

   The chance for Neon Bank to turn over has finally come: Does the sub-secretary from Dajang Province know anything? Then every 5 years, Xianxu and Weishe cooperate with the work of Tibet, and at the same time, ambush the clues of the work to be done when the direct line of the central bank serves as the president.

   Now, the most sturdy Mie Nofu, this direct descendant of the Neon Yen prince has ascended the throne. As soon as he came to power, he killed Miyazawa Kiji by surprise.

   Needless to say, there have been two interest rate hikes this year, and an internal and external understanding of an interest rate hike cycle has already been formed. Even Miyazawa Kiji agreed that interest rates should be raised, but only slowly.

   To put it bluntly, when to raise interest rates now, the decision-making power, whether through the policy committee or the council, is in the hands of Mie Yefu, who has already served as president.

Tao Zhiming felt that Miyazawa Kiji was a big head. This triple Yefu was not only unprecedented in his professional knowledge, but he also started to establish himself as an upright phenomenon several years ago. He has been suffering from the appreciation of neon yen. Ordinary working-class voices.

   As soon as he came to power, he pointed at the province of Tibet and was regarded as a hero.

   Seeing that Tao Zhiming didn't help to speak, Miyazawa Kiji remembered what he had said before the meeting, and only felt that the materials he had in his hand were no longer effective.

After he finished drinking the tea, he said in a deep voice: "No matter what, raising interest rates must be postponed. Mie Nosang, Tibet Province has made concessions on the issuance of national debt by Neon Bank in the coming year. At this moment, Neon Prices are stable and economic growth has reached the best level in 17 years. Even the exchange rate has recovered from around 125 last summer to more than 140! Now, there is no urgency to raise interest rates!”

"Yes!" Mie Nofu said firmly, "Prices are stable, just because real estate and stock prices are not included in general price statistics! Continue to let this go, the danger is increasing exponentially with each passing day! Miyazawa-san, since you mentioned it 17 years ago, do you still remember that due to the oil crisis, the price of neon rose by more than 20% a year? At that time, the interest rate reached the highest level in history at 9%, and the price increase did not stop! Mr. Miyazawa, you Have you ever experienced a rush to buy necessities?"

Miyazawa Kiji had never experienced this before, and saw Mie Yefu's eyes so deep and deep that he even leaned his head to his side, and said aggressively: "You only see the economic growth within Neon stimulated by the massive issuance of new currency. , see the upward trend of neon temporarily in this economic bubble. As the Minister of Tibetan Affairs, don't you pay attention to what kind of huge crisis is brewing in the outside world? Could it be that the cabinet has not paid attention to this year's Big changes in Eastern Europe?"

  Tao Zhiming raised his eyebrows, the lore, the big one is coming!

I just heard Mie Yefu say word by word: "This is the last decisive battle between the two strongest countries in the world! No matter what the result is, huge chaos is imminent! I only heard, The urgent clock is turning, the sound of every beat of the second hand, in my dream, questioned my heart: the fragile prosperity under the neon bubble at this moment is ready for the future, which is likely to happen externally, because local a war, or even a full-scale war, and an external upheaval like the oil crisis?"

   Miyazawa Kiji was speechless again.

   At this moment, Mie Yefu seems more like a politician with broad vision, foresight, and for the country and the people.

  Tao Zhiming almost wanted to applaud, the perfect attack, the triple wild dad is awesome!

   Really awesome, he actually foresaw the war that really happened more than a year later. It's just that he predicted this, but he did not predict that after the end of the war, the world oil price would not rise but fall. He didn't expect that Hongsu would suddenly disappear in that way, and the American father happened to be strong to an unprecedented peak.

   In Mie Yefu's view, he probably wanted to use this so-called "decisive battle moment", when Midad focused his attention to the west, he would have something to do with Neon just like when he was fighting in the Zhou Kingdom. Taking advantage of this time, by puncturing the economic bubble in advance, we will force a real all-round reform and lay a more solid foundation for the development of Neon.

  Unfortunately, Hongsu didn't get much faster than he imagined; and the United States, which had stronger means and was also prepared, harvested quickly and ruthlessly.

   Growing up in this era, he never imagined that the United States would complete the lore against Hongsu just by playing with colors. In his judgment, there should be a final confrontation, a final decisive battle.

   Everyone in the conference room became serious, Miyazawa Kiji was completely defeated.

   After a long time, he sighed: "At least...it can't be tomorrow!"

   He knew that if he continued to insist on postponing it until the so-called April next year, Mie Yefu would definitely go back on it and even reduce the share of Neon Bank’s purchase of government bonds.

   As a result, fiscal expenditure next year will really become a big problem.

Mie Yefu finally calmed down and smiled again: "I said, Neon Bank is not trying to be an enemy of the cabinet, but the wrong policies in the past must be corrected. Since it won't work tomorrow, then please prepare the cabinet. "An extra three days is enough."

  Tao Zhiming called him a good guy, and he only had three days of grace.

   "...Christmas?" Miyazawa Kiji gave him a deep look, feeling very tired.

Afterwards, he looked around for a week, especially stared at Tao Zhiming for a while, and said seriously: "Since it has been decided to announce an interest rate increase on the 25th, this news is top secret. President Tao, the interest rate hike will inevitably affect the trend of the financial market. You Every move, remember, many people are paying attention!"

   Tao Zhiming sighed: "I understand."

   appeared helpless, but his heart blossomed with joy.

  Leave a hand in everything, even the trump card that I told Tao Yaren at the beginning was just "I still have 10 billion yuan in cash".

   But in fact, this hole card in his hand has to be doubled.

   Miyazawa Kiji and the others knew that in addition to the funds in Onodera's wealth, there were tens of billions of meters out there; but in addition to these "stared" funds, Tao Zhiming used tens of billions of meters for the layout.

   Today's meeting is worth it!

  Confirmed that the time of interest rate hike is Christmas day.

   During the end of the meeting, Mie Yefu came to him and looked at him deeply.

   "President Tao, I hope you can start to withdraw the funds of the housewives who entrust their fate to the wealth of Onodera, and withdraw from the financial market first to avoid risks."

Tao Zhiming looked at Miyazawa Kier, and sighed helplessly: "You heard it too, Miyazawa-sama warned me. You want to squeeze the bubbles quickly, but Miyazawa-sama needs to be calmer. I know this. At a sensitive time point, it is not to help stabilize the broader market, nor is it to make a profit by shorting it.”

   He said quietly: "This situation should be over soon, I'm tired."

   Mie Yefu smiled slightly: "The **** of finance who walks the world will not disappoint."

After   , he actually bowed to Tao Zhiming, as if it was just the usual etiquette before leaving.

   However, Tao Zhiming, who had talked to him back then, understood the meaning.

Including the so-called hope that he would withdraw from the financial market in advance, he always said in front of Miyazawa Kiji: I just hope that he will use his influence to quickly pop the bubble in the financial market and let more hot money in the financial market exit. Some!

In fact, Sanjiye Fuzai said to Tao Zhiming: "You are the **** of finance, and you must have kept one hand or even several hands. The chaotic situation is the opportunity for you to truly gain a firm footing. It's time to make a move, let the Neon people The pain is more severe! Please!"

How could Tao Zhiming not satisfy such a requirement?

   Looking at his firm back in the leaving crowd, Tao Zhiming flew up with joy.

  Big, really coming.

   It has been more than three years since he was reborn, and he has been in the layout for so long. He even saw this sturdy man hold the sword of finance high and call out the charge, confirming the exact time.

   So he said: "Since it is unstoppable, let's help lift the market in these three days, and it is the best time to expand their future pressure."

   There is no one else in the conference room, and Miyazawa Kier understands what Tao Zhiming said.

   He took a deep breath, thinking that the future he wanted was all based on the Sany Consortium and the Sanyou Consortium, and said solemnly: "In that case, when Onodera Fortune goes public, it also needs to act like saving the stock market."

  Tao Zhiming laughed and laughed happily: "Of course, I have stood in the spotlight of morality and righteousness, I must do such a thing."

   Miyazawa Kiji gave him a deep look and bowed as if to leave.

   But Tao Zhiming understood again, he said: "You have some of the most accurate time points in the whole picture, you must make the plan a success, please!"

   This kind of feeling that Mie Yefu and Miyazawa Kiji who are opposed to each other think that Tao Zhiming is a fellow person is really ridiculous.

   But, it smells so good!

   Tao Zhiming was still excited when he left Tibet and returned to the villa at the yacht's home port.

   Qiu Shuzhen was taken by him to the Tao Ran, only to hear him dial a number with a special phone in the master suite on the yacht.

   Then, he said to the phone, "Miss Qiu should have her braids, Merry Christmas."

   Qiu Shuzhen, who had heard Miss Qiu's story, suddenly felt a tingling in her scalp.

what's the situation?

   (end of this chapter)