Noboru Takeshita wants to know who the traitor is, but now the first thing he has to face is the members of the Diet who want to take the plane.
Just a few days later, a congressional consultation meeting that had been agreed to discuss an emergency bank bailout plan was interrupted by questions from the opposition parties about Rikulut.
With the continuous media reports and the deepening of the case, more and more people around the politician were taken away by the Japanese police for investigation.
The LDP's image in the minds of the common people suddenly fell to the bottom.
Some media even described the Rikulut stock incident as one of the four major post-war scandals in Japanese politics along with the Showa Denko incident, the shipbuilding scandal, and the Lockheed incident.
Since the names on the shareholder register are close to the politician, not the politician himself, none of the political bigwigs have yet been arrested by the police.
However, neither the media nor the common people believed that these political leaders, represented by Noboru Takeshita, would be innocent.
The media has long estimated that unless there is tangible evidence, it will be difficult for bigwigs like Noboru Takeshita, Kiichi Miyazawa and Shintaro Abe to be convicted by the police.
The only hope is that the arrested people can confess that they were instigated, and the media are now most concerned about the confession of Takao Fujinabi, the chief cabinet secretary of Noboru Takeshita, who could be sentenced to ten years in prison if convicted, but if he is only an accomplice, maybe just a few years in it.
The banking crisis that everyone was concerned about has now been completely replaced by corruption scandals in Japanese politics, and depositors who have been unable to withdraw their money, and investors who have lost a lot of money at the Seibu Group blame the corruption of politicians.
For a while, no one cares about the problem of bad bank debts.
The LDP's priority now is to retain its largest seat in the Diet.
Within the LDP, careerists who had long been eager to try it out were also getting ready to move.
This is the perfect time for Seryosha to clean up the Japanese banking system.
As long as Japan's banking system collapses, there will be no basis for the property market and the stock market to support.
Seryosha now has to take on Japan's strongest banks, Tokyo Mitsubishi Bank and Sumitomo Bank.
In Seryosha's mind, the most appropriate example is the Southeast Asian financial crisis created by Soros in 1998, when Soros shorted the stock and foreign exchange markets of Southeast Asian countries to achieve his goals.
But Japan is one thing different, Japan is now the country with the richest foreign exchange reserves in the world, and it is simply impossible to short the Japanese stock market and foreign exchange market at the same time.
So Seryosha focused on shorting the stock market, and at the same time he had to help the Japanese government continue to raise the exchange rate, because only if the yen appreciated, Seryosha could exchange for more dollars.
While Rikulut was still chattering, the Bank of Tokyo-Mitsubishi and Japan's Sumitomo Bank were attacked by the stock market at the same time, and the stock prices of the two banks began to fall continuously under strong financial pressure.
Because of the power of example, the banking sector of the Tokyo Stock Exchange began to decline as a whole.
Although the decline was not as terrifying as that of the Seibu Group, it still attracted widespread attention from the banking community.
In the face of arrogant short sellers, the Mitsubishi Consortium behind the Bank of Tokyo-Mitsubishi and the Sumitomo Consortium behind Sumitomo Banking Corporation have both begun to buy back shares in their own banks.
The core of the Japanese consortium is the bank, and using the bank to control the enterprise is the most basic organizational form of the consortium, so Seryosha's attack on the consortium's bank is tantamount to directly attacking their lifeline, once the bank is defeated, the funds of those large industrial enterprises such as automobiles, chemicals, and metallurgy that are dependent on the bank will have serious cash flow problems.
Of course, the consortia are desperate to hold on to the banks' share prices.
Seryosha has used various methods to create such a once-in-a-lifetime opportunity, and has already put a heavy bet on shorting Japan, and Mitsubishi and Sumitomo must fall.
In order to fully allocate funds, Seryosha took a large amount of money from the Bank of Colombia, and even borrowed a large amount of money from the subordinate Glencore Group, Monsanto Group, and even Yota Communications, Iridium, AT&T, and Mediterranean Shipping.
In terms of cash strength, Seryosha can definitely crush Mitsubishi and Sumitomo.
Seryosha and Japan's two major banks have to compete in a hard-fought battle every day as soon as the market opens, and this coach has no skills to speak of, and it is purely a competition of financial resources.
Under Seryosha's frantic attack, the stock prices of Bank of Tokyo-Mitsubishi and Sumitomo Bank fell into decline.
The same situation that had been seen in the case of the Union Bank of Japan and the Seibu Group was repeated by the Bank of Tokyo-Mitsubishi and Sumitomo Bank of Sumitomo had a sense of impending disaster, and the run, which had been alleviated by the emergency bank bailout plan, reappeared.
Now, the Bank of Tokyo-Mitsubishi and Sumitomo Bank have to deal with strong pressure on the stock market on the one hand, and the outflow of funds caused by the frenzied run on depositors on the other.
As a last resort, the two banks began to tighten their loans.
The first to be unlucky with the tightening of loans are those small and medium-sized enterprises that borrow money from banks, as well as ordinary people who rely on bank loans to invest in real estate.
Without warning, they were notified by the bank, which told them that the loan they had lent would be forfeited.
Please prepare in advance.
Many of the customers who received this notice could no longer sit still, who would be able to afford the current house without a loan.
The bank simply doesn't care about everyone's life or death.
Iconic banks such as Bank of Tokyo-Mitsubishi and Sumitomo Banking Corporation are being shorted, and as long as they are not blind, they will certainly attract the attention of the world.
Earlier, because of Japan's foreign exchange reserves and strong stock market, the property market did not dare to take action, and international investors began to plan to take advantage of the fire.
And the well-known Muddy Waters Company simply became the commander-in-chief of the operation to short Japan.
In London, some private equity funds are starting to short Japan's foreign indexes, while in New York, some hedge funds are also trying to expand into Japan.
Like sharks that have smelled blood, Seryosha, a deep-sea beast, has begun to pounce frantically after the deep-sea monster has torn off a piece of the skin of the Japanese economy.
If Japan, an open economy, arouses the interest of international tourists, then the entry of foreign capital into Japan is simply like entering a no-man's land.
Just a few weeks after the Bank of Tokyo-Mitsubishi and Sumitomo Bank and Seryosha had been carrying it for a few weeks, the addition of international travel capital directly pushed the stock prices of the two banks to the fall limit, while at the same time, almost all the banks listed on the Tokyo Stock Exchange fell to the limit.
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At this very moment, in the Japanese Diet, the opposition parties jointly launched a no-confidence motion against Prime Minister Noboru Takeshita.
The heavy setback in the banking sector has not united the Diet, and Japanese politics is still fighting for power. t1706231537: