Chapter 1414: Rebellion(1/2)
Since the occurrence of Black Monday, many people have predicted that the Japanese stock market will collapse during this period, the most famous of which is hedge fund manager George Soros.
Although he himself withdrew his funds from Japan and invested in the U.S. stock market, his losses increased.
Even in this global stock market crash, compared with most capital markets, the Tokyo stock market has shown the most resilience.
But in Japan, there are still a lot of "hindsight people" who admire foreign things and refer to Soros's relevant article published in the "Financial Times" on October 14, 1987.
Therefore, Japanese brokerage firms had a very difficult time after the stock market crash.
In particular, representatives of the four largest securities companies, Nomura, Daiwa, Yamaichi and Nikko, were summoned to the Ministry of Finance and received a request from the authorities for their shares in Nippon Telegraph and Telephone Corporation.
After the order was issued to create a market and maintain the Nikkei index above 21,000 points.
These brokerages have been driven crazy by the mandatory orders issued by the government.
You know, although the four major brokerages account for more than half of the trading volume on the Tokyo Stock Exchange, the problem is that they face a depressed market.
It's hard to recover for a while.
If we force them to heat up the market environment again, how much capital will be needed?
Especially since the NTT handicap is so big, it is not easy to be able to barely hold on to this big thing that dropped from 3 million yen to 2.3 million yen without slipping to the bottom.
How could they fool the Japanese people into buying 1.5 million shares at the official price of 2.55 million yen?
It’s too difficult, it’s really too difficult!
In fact, as long as the four major securities firms pull up NTT slightly and try to pull up the index through this heavyweight stock, countless selling orders will swarm out.
I can’t buy it all, I can’t buy it all!
Therefore, regardless of the recent period, the four major securities firms have tried their best to change the market decline, but it basically did not help, and instead increased their own losses.
So in this case, securities companies have no choice but to use shady methods to make up for losses and increase funds, that is - manipulating stock prices.
You know, Japan's economic system is sometimes described as an example of "network capitalism", and its core is political
An "iron triangle" composed of customers, bureaucrats and enterprises.
The bubble economy created an alternative network of interpersonal relationships, in which groups of speculators, banks, brokers, and politicians came together for the sake of speculation and profit.
And since most stocks already belong to long-term cross-shareholdings between companies and banks, it is relatively easy to manipulate stock prices and hoard stocks in Japan.
In addition, because the stock market is inherently full of rumors and gossip, Japanese retail investor sentiment is very easy to be manipulated.
So at this critical moment, the four major securities firms simply used their large holdings of media shares to manipulate the information available to customers.
Now every morning during their regular meeting, the four major brokerages conspire together to decide which stocks they will favor that day.
Once brokers determine which stocks they plan to speculate on, they will disclose such information in advance to privileged clients, such as bankers, bureaucrats, politicians, wealthy people, and even Yakuza.
The four major securities firms all use this method to encourage their important customers to return to the market and ensure investment returns for insiders.
And this method is also the only reliable way to make money. Everyone who colludes with securities companies is like getting a money printing machine.
Although Japan has laws prohibiting insider trading, no one cares about it.
In fact, even the Japanese government is complicit and naturally turns a blind eye.
Needless to say, among the four major securities firms, Nomura Securities, the most powerful among them, is the first to bear the brunt of the speculation.
To this end, Nomura Securities, in addition to hyping the theme stocks of Tokyo Bay development, is also preparing to warm up the theme stocks of maglev trains that have not yet been verified.
In addition, they also launched the "Nomura Piggy Bank" plan to target the five million housewives under their company who have little spare money. They raise funds by selling funds to these housewives and invest them in theme stocks.
on the hype.
It can be said that all customers’ financial resources are squeezed out as much as possible.
In short, during this period of time, various sales departments of Nomura Securities have become battlefields, especially key sales departments such as the Central District Sales Department, which are extremely busy.
Before the market opened, the limited preparation time was reduced to half.
Under the dual pressure of government orders and performance indicators, everyone feels breathless.
So that all the people in the sales department are like riding a unicycle from the moment they go to work, and they have to ride hard from the opening of the market until the closing time.
You can't stop at all during this period, as long as you stop, you will fall down at any time.
Then you have to continue working for another six or seven hours before the day's work is truly over.
Even the senior management of the sales department are the same.
Because these are special times now, even Kanji Goto, the general manager of the Chuo Ward Sales Department, no longer has the leisurely energy of the past.
In order to complete the task targets set by the Japanese government, the four major securities firms will discuss each day and issue instructions to the heads of their subordinate sales departments, requiring them to conduct proprietary trading and fund trading according to the plan, and support the market together.
Therefore, at seven o'clock in the morning, Goto Kanji had to go to the company for a meeting, and he could not go home until eleven or twelve o'clock in the evening.
This kind of work intensity makes it difficult for a person like him who has always been pampered to adapt to the situation, and he is exhausted both physically and mentally.
It had been two weeks, and he had no time to take care of his family, let alone play golf.
This not only made his wife complain a lot, but also made him feel extremely bad.
So much so that no one in the current sales department dares to look him face to face, for fear of accidentally angering him with a look and causing unreasonable disaster.
It can be said that Goto Kanji has now become a tiger in the sales department. Even the middle managers will tremble when they see him.
No, on November 10th, when Kanji Goto was sitting in his office, nervously staring at the changes in market conditions, there was a knock on his office door.
Being disturbed, he immediately yelled angrily, "Asshole, who is it? Get out of here!"
The head of the second class came in. When he walked in, the noise of "bought!" and "sold!" from outside filled the office.
This made Kanji Goto feel even worse.
However, he also noticed that this subordinate looked a little strange.
It was like seeing an elephant breaking into the sales department. Although he was careful, his face was full of surprise, and he forgot to smile charmingly at the leader.
"What's the matter with you? Why don't you tell me quickly?" Goto Kanji asked with a frown.
As a result, his subordinate's answer made him immediately understand the reason for his lost expression.
"General manager, Sagawa from the third sales section is here! He asked to see you..." The section chief of the second section bowed and reported to the boss in a low voice, "Look..."
"What? Who are you talking about?"
"Sagawa, Kenichi Sagawa. Former head of Section 3."
"What? He actually dares to go back to the sales department?"
"That is to say, not only has he done nothing at work, but he has also been absent from work for several days without any reason recently. Even though Doudou from the sales department has sent him a letter of dismissal, he still has the shamelessness to come to the company. I think
, he should come to ask for performance commissions and severance pay..."
Goto Kanji's anger finally burst out, "It's unreasonable, he thinks so well! Call him in! I want to ask him where he got his shamelessness! This damn waste! He can't even take it from me.
Take another penny from here!”
It's no wonder that Goto Kanji is so angry. The key is that he is extremely disappointed in Sagawa Kenichi and hates him to the bone.
In his heart, Kenichi Sagawa was a good-for-nothing person who had been hanging around in the company just because of his seniority.
The key is that he kept lying to himself, claiming that Ning Weimin, a big customer, would increase his capital investment, but he always saw capital outflows, not inflows.
Especially when the stock market crash hit some time ago, Kenichi Sagawa actually sold out all the stocks of this big client, and without even saying hello to the company, he transferred all the 1.2 billion yen out privately.
And after that, maybe he simply stopped coming to work because he was afraid of being scolded, and stayed at home with the excuse of being sick.
Even though the sales department has been so busy recently and the sales department called him specifically to urge him to come to work, he still wouldn't come.
It was then that Goto Kanji couldn't bear it anymore and fired him.
Ordered the sales department to send a letter of resignation to Kenichi Sagawa.
After all, Nomura Securities does not raise waste. When the sales department was at its busiest, even he, the general manager, was exhausted.
This bastard Sagawa actually dares to use his cleverness to be lazy without even using his strength.
What is the use of such subordinates?
He should be cut into pieces by a thousand cuts.
So after a while, when he saw the person who disgusted him so much again, he didn't even give him a seat, so he angrily scolded him.
"Sagawa, you are a pig. Why do you have the guts to come back? Let me tell you, you were fired because you were absent from work. The sales department does not hold you accountable and does not punish you for the losses you caused to the sales department. It is already tolerant enough!
If I give you a salary, treat it like a reward to a beggar! Don’t push yourself to the limit! Other than that, I won’t pay you a yen. If you are dissatisfied with anything, then go through the legal process. Nomura’s legal affairs are always ready to negotiate with you.
What do you mean to Bo Gong Tang..."
However, everything became more and more strange. Kenichi Sagawa, who was scolded head-on, not only did not show any shame, but said confidently, "You are wrong, I just came to clarify the misunderstanding. I hope you can take back your dismissal of me."
Decide……"
"What? Misunderstanding? Where is the misunderstanding?"
Not only did Kanji Goto laugh in anger, but even the head of Section 2 who brought Kenichi Sagawa in was stunned.
"Asshole, for a person like you, do you think the sales department will accept you again? Sagawa, please stop it and have a clear mind. You are no longer an employee of Nomura. Pack your things and leave. If you continue to act nonsense
.I can only call the security personnel to ask you to leave..."
To be continued...