Chapter 30: Nomura Securities
Yoshiaki Tsutsumi immediately realized the importance of subprime mortgage products after seeing the report in the newspaper. The focus of subprime mortgages lies in the real estate and land in the hands of those indebted. Because once these debtors fail to pay, the creditor has the priority to dispose of the debtor's property. In other words, these real estate and land will fall into the hands of financial institutions holding subprime mortgage products. In Japan, where real estate and land prices continue to soar, this is tantamount to a valuable and risk-free investment.
The emergence of subprime mortgages broke the barriers that prevented Japanese investors from directly investing in Japanese real estate. With subprime mortgage products, investors outside Japan will stand on the same starting line as investors in Japan. When competing for strength, whoever is stronger will be the leader in the market. Tsutsumi Yoshiaki would never allow such a thing to happen.
Tsutsumi Yoshiaki is a domineering person, which is not only reflected in his character but also in his way of doing business. With Yoshiaki Tsutsumi's current status in the Japanese business world, almost every word he says will become a market vane. Even the god of management, Matsushita Konosuke, praised him for having the qualities of an emperor. If he was a prosperous emperor like Tang Taizong in ancient times! The ancestor of ZTE! And Akio Morita, the founder of Sony, thinks that Yoshiaki Tsutsumi is his incomparable opponent. Akio Morita once expressed his feelings about Ji Shengyu and He Shengliang. He said that his greatest misfortune was that he was born in the same generation as Tsutsumi Yoshiaki. Now such a leading figure in the Japanese business circle is dissatisfied with Nomura Securities, and the president of Nomura Securities, Koji Nagai, is sitting on pins and needles. As soon as he put down the phone, he immediately visited Tsutsumi Yoshiaki in person.
Koji Nagai walked into Yoshiaki Tsutsumi's office anxiously. Although he is also the president of one of the largest companies in Japan, Koji Nagai is still a dwarf in front of a powerful world rich man like Yoshiaki Tsutsumi. Tsutsumi Yoshiaki turned his back to him, looking at the scenery in the courtyard behind him, without saying a word. Nagai Koji took a sip of saliva, recalled his courage and called out: "President Tsutsumi!"
"Mr. Nagai, do you know what a stupid mistake you made? Your Nomura Securities reacted too slowly, and the opponent has already entered our base camp! But you and your Nomura Securities are still in a daze, and you didn't realize it at all. There is no enemy!" Tsutsumi said in a cold tone.
"President Di, the reason why we did not carry out business related to subprime mortgage products is because this product is still in its infancy, and many large institutions like us are on the sidelines. Moreover, the international financial patent of subprime mortgage products It has been registered by a mysterious person named Ulyanov, without his authorization, we cannot set foot in this field!" Koji Nagai explained humbly to Yoshiaki Tsutsumi.
"Haven't you read the latest issue of The Economist? The owner of the subprime mortgage patent has begun to open the authorization to financial institutions all over the world!" Tsutsumi said still angrily.
"After accepting your criticism, I have immediately sent my subordinates to London to discuss patent matters! Please rest assured, we will definitely obtain the qualification to operate subprime mortgage products!" Koji Nagai said to Tsutsumi Clearly said.
Hearing that the other party acted completely according to his instructions, the anger in Tsutsumi Yoshiaki's heart finally calmed down a little. He stood up from his seat, walked to Koji Nagai, and said earnestly: "Mr. Nagai, do you know how much land in Hawaii is now in the hands of Japanese businessmen? Back then, the army did not hesitate to launch a war that almost destroyed the land in order to obtain Hawaii. The war in our country, but now, we can easily do it with the power of capital! Everyone is now working hard to fight for greater interests for this country. If there is a problem in our country, all of us will not be able to fight abroad. Use your talents to the fullest!"
"President, I would like to follow your instruction!" Koji Nagai said sincerely with a deep bow. Although everyone is the president, Yoshiaki Tsutsumi is a role model for all businessmen in Japan. Being humble in front of him didn't make Nagai Koji feel any uncomfortable.
"Mr. Yongjing, the subprime mortgage products that are currently circulating in the market must be taken back in a timely manner! Debt rights are different from equity. Once the borrower has a risk of default, the land will fall into the hands of some foreign investors. If the land of Japan is not in the hands of the Japanese, those foreigners will get the wealth created by our hard work for nothing..." Yoshiaki Tsutsumi kept telling Koji Nagai, obviously the subprime mortgage products Yoshiaki Tsutsumi was very vigilant. He was worried that this was a conspiracy by foreign banks for economic penetration. But now it seems that subprime mortgage products are the same as the real estate market in Japan. . The working capital in Yoshiaki Tsutsumi's hands can just borrow subprime mortgage products to continue to appreciate.
After leaving Yoshiaki Tsutsumi's house, Koji Nagai wiped the sweat from his forehead with a handkerchief. The pressure inside just now was too great, Nagai Koji was a little breathless under the pressure of the world's rich aura, but this incident made Nagai Koji understand one thing, that is, Yoshiaki Tsutsumi attaches great importance to subprime mortgage products , and even regarded it as a lucrative and promising business. If the Seibu Group makes a move, will those old chaebols also get involved? This is almost certain. It won't be long before Mitsubishi, Mitsui, Sumitomo and other old chaebols will understand the importance of subprime mortgages to the Japanese real estate market. By that time, how much market can Nomura Securities seize!
Thinking of this, Nagai Koji felt that he should go one step ahead and get in touch with Sanjinkai, a foreign company specializing in subprime mortgage business in Japan. To be honest, Koji Nagai has not figured out how risky subprime mortgage products are until now. He just knows that according to the current prosperity of the Japanese real estate market, these products have almost no risk. Koji Nagai may not believe in his own judgment, but he absolutely believes in the AAA safety level given by the three major international rating agencies for subprime mortgage products.
Thinking of this, Nagai Koji quickly took out his yotaphone and called the secretary, asking him to communicate with the members of the Sanjin Association to see if there is a chance to invite the president of the Sanjin Association to have a meal together ! Nagai Koji's secretary was very knowledgeable, and he quickly contacted Mikhail through officials from the Financial Services Department of the Ministry of Finance. Mikhail felt even more troubled this time, because he had already received invitations from the Central Bank of Mitsubishi, Mitsui, and Sumitomo at the same time, and it was difficult to decide whose invitation to accept.