Chapter 274 Miserable Japan
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Mikhail's private plane slowly landed on the runway of Narita Airport in Japan, and then slowly drove to the private apron of the Bank of Colombia in Narita Airport. Mikhail has not been to Japan for a long time. Since the Gorky Group used the foreign exchange reserves of the Soviet Union's Foreign Trade Bank to withdraw from Japan, the Gorky Group has focused its business on the United States.
The reason why Mikhail revisited his hometown this time was not to play, but to negotiate with the Japanese government on the debt issue. Since the financial fraud scandal of the Seibu Group was exposed, the Japanese economy has experienced a series of blows. With the collapse of Seibu Group, Japan's largest real estate company, a large number of bank loans have become bad debts, which caused a chain reaction of collapse and knife-cutting in Japan's financial industry.
Japan's top ten Union Bank of Japan fell, followed by Bank of Tokyo-Mitsubishi, which suffered the largest loss since its establishment. The entire credit market in Japan was completely messed up. At this time, a large number of politicians in the Liberal Democratic Party of Japan, including Prime Minister Noboru Takeshita, were exposed to the Rikurut scandal, and the emergency bank rescue bill that the financial industry was looking forward to was stranded.
In this way, Japan's credit system was completely messed up, and even the Japanese economy began to slide into the abyss. The Japanese stock market began to plummet systematically. As soon as the market opened every day, 90% of the stocks were pressed on the limit. More seriously, the real estate industry, which has been driving Japan's economic growth, has also begun to experience large-scale supply cuts. Because of bank problems, banks have tightened lending. In this case, at the beginning, someone sold the property in their hands at a substantial price reduction, and then batches of bamboo shoots were sold on the market. As long as the buyer is willing to pay the rest of the loan, the house can be given to the buyer , In the future, even the bamboo shoots will not be sold. Many heavily burdened Japanese have completely abandoned their houses, cut off their mortgages, and even disappeared.
For those ordinary people in Japan, there are almost no people who are not trapped by this round of housing prices and stock price declines. Many people saw the momentum of the real estate and stock markets at the beginning, and they gritted their teeth and borrowed a lot of money from usury. But with the collapse of the stock market and the real estate market, they couldn't even pay back the interest, let alone the principal. Many Japanese family heads abandoned their wives and children, allowing them to be bullied by the underworld.
Speaking of the underworld, in fact, their life is not easy. During the peak period of the bubble economy, a large number of Japanese underworld organizations began to get involved in the credit business. They used bank loans to set up financial companies one after another. Started a usury business. But now even the banks are having a hard time. No matter how good the underworld is, it is impossible to fight against the bank. The bank has various means to block the underworld. So when the bank presses for debts from organizations like Yakuza, Yakuza can only force his loan sharks.
Yakuza had plenty of ways to make the women who borrowed money pay them back as long as they were beautiful. And if a man is good looking, there are ways to make money easily. As for other people who couldn't pay back the money, Yakuza certainly had a solution. Some people were forced to sell their organs, and some were trafficked to Africa to engage in the skin and meat business, but a large number of men were trafficked to Soviet ocean-going fishing boats to engage in fishing.
He has to work intensively for more than ten hours in a humid and cold environment every day. If he dies unfortunately, his body will be thrown directly into the sea. And these men who owed a large debt in Japan disappeared without a trace on the earth. All these human tragedies were caused by Seryozha himself, but Seryozha didn't feel any uneasiness in his conscience. He was still planning to repeat the old trick in Germany.
Mikhail's arrival is to discuss the debt issue with the Japanese banking industry and the Japanese government. The financial industry is a zero-sum game and does not create any value by itself. Strictly speaking, what the Gorky consortium earned from Japan was lost by others. The Japanese station made the Gorky Group's cash flow several times, and this is only a small part of the Gorky Group's harvest. In fact, almost every major bank in Japan and the Japanese government owed money in this financial catastrophe. The Gorky Group has huge debts. There is no way this debt will not be repaid. But now Japan's banking industry can't afford it, and the Japanese government can't afford it either, so a solution must be thought of.
In order to survive in the cold winter. Japan's banking industry can only hold together to keep warm. The Bank of Tokyo-Mitsubishi merged the heavily indebted Union Bank of Japan into a new Union Bank of Tokyo-Mitsubishi. The Tokai Bank of Japan absorbed assets from Toyo Trust Bank, Sanwa Bank and the original Tokai Bank. Against the background of this group warming up, newly established companies began to divest old companies of non-performing loans, liabilities, and bank bad debts. But this all requires the approval of international creditors.
Bonds are different from stocks. When the debt expires, the creditor has the priority to dispose of the company's assets. This kind of power almost made Columbia Bank and Blackstone the king of Japan's banking industry.
Mikhail's meaning is very clear. He has taken a fancy to Japan's largest Bank of Tokyo-Mitsubishi UFJ, and hopes to bring this core bank of a large Japanese conglomerate under the Gorky Consortium. Why do you do that? Because the Bank of Tokyo-Mitsubishi UFJ is the core bank of many old industrial companies in Japan, and the foundation of the Mitsubishi consortium is also a bank, which is the top layer of the Japanese consortium's organizational structure. Although the Bank of Tokyo-Mitsubishi UFJ is in trouble, it still controls the controlling stakes in Japan's top companies such as Mitsubishi Heavy Industries, Toyota, Honda, Panasonic, Sony, Nippon Steel, Kobayashi Pharmaceutical, etc. Buying him is equivalent to winning The most valuable part of Japanese industry.
The current Bank of Tokyo-Mitsubishi UFJ is no longer able to operate normally. Without Mikhail's approval, all profits of the Bank of Tokyo-Mitsubishi UFJ will be used to repay debts. If this is really done, the Bank of Tokyo-Mitsubishi UFJ may not even be able to pay employees' wages normally.
Mikhail's meaning is very clear, that is, it is possible to divest the debt, but the Gorky Group must take a stake in the Bank of Tokyo-Mitsubishi UFJ. And it is also the largest single shareholder in Japan's largest bank. This time, the conservative Japanese financial industry did not have the guts to refuse Mikhail's request. Just like those small and medium-sized Japanese companies that applied for loans from the Bank of Tokyo-Mitsubishi UFJ had no way of rejecting them. As the top predator in the debt chain, the Gorky consortium can do whatever it wants.