Chapter 1990

Just when the little devils were thinking about how to calculate Qiu Dongfang, when the afternoon market opened, the stock prices of Sony and Hitachi dived first, especially Sony, whose stock price plummeted from 1327.84 yen to below 1300 yen in just five minutes.

Ten minutes later, the broad market, which was originally in a downward trend, suddenly began to vibrate violently, and then quickly turned upward, showing a strong rebound trend.

This made many retail investors realize that the government was actively taking measures to save the market. But the pessimistic sentiment of the entire market was still strong, but most people still chose to wait and see, and only a few people sold the stocks in their hands without hesitation.

And the decline of Sony and Hitachi's stocks did not slow down; clearly, the news of Qiu Dongfang suing them for VCD patent infringement caused serious consequences, and the financial fraud incident made retail investors completely lose trust in Sony and Hitachi.

In the next hour, the rebound of the Nikkei index was very strong, and it had reached the 1300-point mark, then the trend did not decrease, and it soon reached 1320 points, which made the retail investors who had sold their stocks beat their chests and stamp their feet, regretting it.

And those retail investors who had been waiting and seeing were so excited they were almost dancing, rejoicing that they hadn't sold their stocks just now, otherwise they would definitely regret jumping off a building.

Just when everyone, including the Japanese government, breathed a sigh of relief, without warning, the bond market suddenly plummeted, and a large number of government bonds were sold off.

"Baka yaro!"

When Chief Cabinet Secretary Fujii heard the report, he stood up from his chair, his eyes flashing with cold light.

Two years ago, the Japanese property market bubble hadn't passed, the government debt level was very high, and Japanese government bond prices were too high, making many speculators follow one after another to short Japanese government bonds.

However, due to the persistence of the Bank of Japan, Japanese government bond prices did not fall, and the mispricing of Japanese government bonds in the eyes of short sellers became even worse.

This caused a large number of short sellers who added leverage to go bankrupt, and those who shorted Japanese government bonds jumped off buildings or burned charcoal one after another, indirectly creating a large number of widows.

Thus, shorting Japanese government bonds (especially ten-year government bonds) became a high-risk transaction under the manipulation of the Bank of Japan, and it got a notorious name, called the "Widow Maker."

Fujii sneered; these greedy robbers, it seems the lesson from two years ago wasn't enough for you.

This old devil put on his coat and left the office; he was going to the Bank of Japan, preparing to give those robbers a fierce lesson, and must make them remember, so they would never dare to reach out to government bonds again.

At the same time, the chairman of Jusen, the largest financial institution group in Japan specializing in residential mortgage loans, quietly appeared at the airport.

This old guy was named Tanaka Kaiei, already over seventy, wearing a top hat and holding a walking stick; when he saw his son, daughter, grandson, and granddaughter, more than thirty people in total, enter the waiting hall, he turned and left.

Arriving at the car, he took out a cigar and lit it, then closed his eyes, not knowing what he was thinking; after more than half an hour, he said softly.

"Did the plane take off?"

"Hai!" The driver nodded: "It has taken off."

Only then did Tanaka Kaiei open his eyes: "Let's go, go to the press conference scene."

At this time, Sony was holding a press conference, avoiding talking about the VCD patent infringement lawsuit filed by Qiu Dongfang, and as soon as they took the stage, they announced that Sony would spend huge sums to acquire Hong Kong's Qiu Dongfang Financial Company.

This immediately caused an uproar, followed by excitement and cheers.

To tell the truth, when the news of Qiu Dongfang suing Sony for infringement came out, the Japanese couldn't accept it.

Because Sony was the pride of the Japanese, in their hearts, how could Sony steal the technology of the Chinese.

Now, Sony held a press conference to announce that they would spend huge sums to acquire Qiu Dongfang, making them unable to suppress the restlessness in their hearts.

Since you want to sue me, then I will acquire you, and by then, VCD technology will be ours.

With the end of Sony's press conference, Sony's stock finally stopped the downward trend and began to rebound slowly.

In the trading hall, seeing Sony's stock price begin to rebound, smiles of relief appeared on everyone's faces.

"Jusen has gone bankrupt."

A loud shout, like a bolt from the blue, resounded through the entire trading hall.

The originally relaxed and pleasant atmosphere was instantly broken, replaced by tension and panic.

People stopped what they were doing one after another, their eyes fixed on the electronic screen in front, with expressions of astonishment on their faces.

Immediately after, the bond market, like Sony's stock in the afternoon, plunged headfirst without warning.

Fujii had just arrived at the Bank of Japan and hadn't had time to catch his breath when he heard this shocking news.

He widened his eyes, his expression full of disbelief.

Jusen had never had any financial problems; how could it go bankrupt just like that?

"Oshima-kun, what exactly happened?" Fujii asked urgently.

Bank of Japan Governor Oshima's face was terribly gloomy, and he said slowly: "Just now, Tanaka Kaiei held a press conference and announced Jusen's bankruptcy."

"Baka!" Fujii's eyes widened, and his eyes revealed extreme anger.

The stock market had finally improved a little, but someone began to sell off bonds in large quantities, causing market turmoil.

And now, Jusen actually announced bankruptcy without warning; all this was really hard to accept.

This situation was too weird, making him think of the problems that might exist behind it.

"Immediately hold a meeting; Jusen absolutely cannot go bankrupt."

Soon, the Bank of Japan conference room was full of bank executives; when they saw Fujii, they already knew the purpose of calling this meeting.

Hedge funds were sniping the bond market, and then Jusen announced bankruptcy; there was no such coincidence in this world, it must be related to those damn robbers on Wall Street.

Now for the Japanese government, in front of them was a crossroads; if they go straight, it represents the stock market, turn left represents the bond market, and turn right represents Jusen. Then, no matter which side they walk towards, the other two directions are dead ends.

Government finance had already reached the red line, and because there were a lot of welfare benefits, they didn't dare to move any expenditure, because if they moved, if they couldn't fill the hole, it would definitely cause a big mess.

Therefore, the funds they could take out could only be one of three choices. Either save the stock market, save the bond market, or save Jusen.

And the people present, without Fujii opening his mouth, already had the answer in their hearts; the Chief Cabinet Secretary sitting in the main seat would definitely save Jusen.

Because eight of Jusen's directors were former officials of the Ministry of Finance; essentially, Jusen was a puppet of the Ministry of Finance bureaucrats, serving their own interests. Its assets were linked to MAFF, JA, and the ruling Liberal Democratic Party.