Chapter 715: Evil Smile
Masayoshi Kishimoto put down his cell phone on top of the dining table and continued to eat his breakfast as if nothing had happened.
Sakai Rie, who was sitting opposite him, had disbelief written all over her face. Once again, her husband had come to ransack another country with the power of one man.
“Are you really not afraid that the Korean government and the central bank will take some kind of initiative to actively intervene in the stock market?” Sakai Rie not without a little bit of fear for him is said.
“Generally, the central bank only needs to raise or lower the deposit rate to actively intervene in the rise and fall of the country’s stock market. When the central bank raises the deposit rate, the stock market will fall in response.
Some of the money inside the stock market will flow back to the bank. There are more people selling stocks than buying them, and they are selling at a premium to each other, which naturally causes the stock market to fall.
If it lowers the interest rate on deposits, the stock market will go up. Some of the deposits in the bank will flow to the stock market, and there will be more people buying stocks than selling them, and the competition will drive the stock market up.
Money has a natural profit-seeking nature, where the profit margins are high, they tend to take the initiative to popular there. Now the problem is that the central bank of south korea hand this can be adjusted leverage to the deposit rate has long been lowered to tend to zero above, that will lose this kind of function.
Because it’s impossible to lower it again into a negative deposit rate. Even if the deposit rate is reduced to negative interest rates by the Bank of Korea, to the actual operation of commercial banks, will not really reduce to the level of negative interest rates, at most zero interest rates.
In the face of competition between peers or to leave a certain amount of room for small banks to survive, the big banks will even symbolically raise the deposit interest rate by a tiny bit.” Masayoshi Kishimoto said as he ate.
He paused for a moment, picked up a glass of milk is a tilt of the head and took a big gulp, and then added: “In fact, the reasoning is very simple.
The money that is deposited into the bank, the interest is not there, instead, it is still folded a little bit of the principal into it, do you think the ordinary people will do it?
They would rather store their personal cash at home, but will not take to the bank. Even if there is money in the bank, it will be taken out and put at home.
The remaining tricks of the Bank of Korea, not only not much, and make out, not very useful. In addition, the South Korean government since the 1997 Asian financial turmoil after a series of policies to stimulate the economy aggressively, creating the South Korean banking industry more eager to make quick profits.
On the one hand, in order to stimulate national consumption to boost the economy, will inevitably be the deposit interest rate to carry out some of the maximum pressure down.
On the other hand, the purpose of issuing credit cards on a large scale is to make the current income is not high, there is no big spending power of the ordinary nationals to carry out a variety of buy buy buy. In other words, if you don’t have money to buy, I can lend you money to buy.
This is a debt consumption, which is completely emptying the bottom of the future risk. Not only is it happening to the average Korean citizen, but it is also happening to the Korean banking industry.
Although this series of tawdry operations by the Korean government and the central bank have, to a certain extent, served the purpose of short-term economic recovery and upliftment, they have ignored the uncertainty of future risks.
Ordinary citizens are bound to be blindly optimistic due to the illusion of economic recovery. They will mistakenly believe that their future income will increase substantially, which can then be easily used to pay off some of their current debts.
As a result, they become bolder and bolder in their early spending. At the moment, the harsh reality for them is such a bad situation.”
Rie Sakai understood his explanation. According to her own man’s meaning, in a nutshell, Korea was in trouble this time.
The national wealth and the people’s wealth that Korea had accumulated over the years of development would once again be looted quite a bit by outsiders.
“There is another assumption, the South Korean government even completely put down the national dignity and face again toward the IMF for help, will suffer a former debt is not yet cleared, exempt from the embarrassment of the mouth.
Therefore, the Korean government’s biggest possibility is to turn to Europe and the United States, Japan’s big banks for a rescue. As for the benefits, naturally, will not be attached to what political aspects of the various terms and conditions.
The bad thing is that the interest rate can be much higher than the interest rate of the loan provided by the IMF.” Masayoshi Kishimoto made an addition.
Rie Sakai fell into silence. She and can not be clear that many South Koreans in the next long period of time will experience unemployment, can not find a job, no money …… brought all kinds of great pain? The reality is not as rosy as it seems in Korean dramas.
“It’s hard not to, you still moved compassion?” Kishimoto justice looked at his wife’s face revealed look, can not help but laugh up said.
“I know, you’ll definitely say that you’re not a bad person in the first place, it’s just that there’s no way. You just followed the established rules of the game.
If you didn’t, we wouldn’t be able to live in such a big house, and the family wouldn’t be able to afford to use so many servants and live such a good life.” Rie Sakai smiled without a care in the world.
“Worthy of being my wife, you can even snatch the answer.” Masayoshi Kishimoto said with an unchanging smile.
“Lazy.” Sakai Rie snapped.
“If you ignore me, then I’ll eat my breakfast properly.” Masayoshi Kishimoto said calmly.
Since he didn’t need to go to the office today, he ate quite slowly. It took another half hour before he finished his breakfast. He grabbed his cell phone, stood up and headed towards the koi pond towards his home.
Kishimoto Masayoshi stood next to the koi pond, observed the surrounding area for a while, and then looked up Natsui Makoto’s cell phone number and dialed it, “I won’t be able to come over for lunch today.
I probably won’t be able to come to your place for lunch for a while. Let’s wait until I’m busy for a while!”
Natsui Makoto had read the morning news report about the Hard Gold Group, and was really worried for him, greatly nervous, “Are you going to be alright?
I read the news report about the Hard Gold Group, and you have made another big event. The president of South Korea even urgently summoned the Japanese ambassador to South Korea.”
“What kind of thing can I have? The people who really have something going on are the South Koreans.The Asian financial turmoil in 1997 was a result of foreign investment from Europe and the United States ransacking away a portion of the fruits of South Korea’s economic development over the past few decades.
This time, I am going to ransack away part of the fruits of Korea’s economic development in the coming decades. In order not to lose its international credibility, the Korean government will certainly abide by the established rules of the game.
Because once the Korean government loses its international credibility, it will deal a devastating blow to it; after all, Korea is a country that belongs to an externally-oriented mode of economic development, and naturally, foreign investment is rare.”
Masayoshi Kishimoto’s face was wearing an evil smile that even he himself did not notice, a pair of eyes was looking into the distance without any concealment, said.