Since 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 brokerages 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 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.
For a while, it is difficult to recover.
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 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 brokerages pull up NTT slightly and try to pull up the index through this heavyweight stock, countless selling orders will swarm out.
I can’t finish it, I can’t finish it at 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 losses in self-operated transactions.
So in this case, the 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", the core of which is politics
An "iron triangle" composed of customers, bureaucrats and enterprises.
The bubble economy created an alternative network of interpersonal relationships, where speculator groups, 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 brokerages simply used their large holdings of media shares to manipulate the information available to customers.
Now every morning during the regular meeting, the four major brokerages conspire together to decide which stocks they will promote 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, the various sales departments of Nomura Securities have become battlefields, especially the 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 come 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.
And then you have to work for another six or seven hours before the day is truly over.
Even the senior management of the sales department are the same.
Because this is a special time now, even Kanji Goto, the general manager of the Chuo District Sales Department, no longer has the leisurely energy of the past.
In order to complete the task indicators set by the Japanese government, the four major securities firms will issue instructions to the heads of their subordinate sales departments after daily discussions, requiring them to conduct proprietary trading and fund trading according to the plan, and support the market together.
Therefore, Goto Kanji had to go to the company for a meeting at seven o'clock in the morning, and 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 it, 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 sales department now dares to look him face to face, for fear of accidentally irritating 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 cautious, 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. Apparently Doudou from the sales department has sent him a letter of dismissal. He can still come to the company shamelessly. 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 beautifully! Call him in! I want to ask him where he got his shamelessness! This damn waste! Don't even think about taking it from me! Take away another penny!”
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 loser 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, Sagawa Kenichi actually sold out all the stocks of this big client, and without even saying hello to the company, he transferred all the 120 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 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 dared to use his cleverness to be lazy without even using his strength.
What is the use of such subordinates?
It should be cut into pieces by a thousand cuts.
So after a while, when he saw the person who disgusted him so much, he didn't even give him a seat and started to scold him angrily.
"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 or punish you for the losses you caused to the sales department. It is already tolerant enough! Just give you a salary Give it to a beggar! Don't push yourself too far! Otherwise, I won't pay you a yen. If you are dissatisfied, then go through the legal process. Nomura's legal affairs are always ready to fight with you in court... …”
However, everything became more and more strange. Kenichi Sagawa, who was scolded directly, 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." Decision..."
"What? Misunderstanding? Where is the misunderstanding?"
Not only Goto Kanji laughed angrily, but even the head of Section 2 who brought Sagawa Kenichi in was stunned.
"Asshole, for a person like you, do you think the sales department will re-accept you? Sagawa, please stop it and have a clear mind. You are no longer an employee of Nomura. Pack your things and leave quickly. If you continue to act nonsense . I can only ask the security personnel to come and ask you to leave..."
At this time, Goto Kanji stretched out his hand to stop the second class principal who was scolding him, and said in a sarcastic tone, "Sagawa, if you want to work so much, I have a suggestion, you might as well go for it Get sex reassignment surgery and become a woman. In fact, guys like you do it instead. A housewife is more suitable for your current situation! Is it a waste of social resources for you to occupy this position and not be able to do this job? I really regret that I promoted you to the position of section chief. This will be the biggest problem in my career. Misjudgment..."
Unexpectedly, Sagawa Kenichi was also angry. He smiled coldly and dared to reply. "Mr. Manager, why can't I do this job? I know clearly what the responsibilities of a stockbroker are? In fact, not only can I do it, but I can do it with ease. Who is a section chief? With my ability, I You should have been the director long ago, and the general manager of the sales department may not be qualified. It's just that you are blind. Let me tell you, I want to refuse. It's a meaningless consumption for me. Do you understand? It's because I'm capable that I have to focus on meaningful practical work, not on people like you who don't know anything. Telling me what to do will only waste my time with trivial matters. I have always wanted to ask you, Mr. Manager, what do you think of me? Are you a novice who is grinding his teeth with housewives every day? Do you want me to work from morning to night every day to help you sell some funds and bonds? Are you a waste of society? Resources! In addition, what I also want to reject is your unwritten motto - "Fry your customers until they run out of money". Just for the sake of transaction volume and commission, you let everyone help customers buy and sell stocks repeatedly, resulting in their average annual investment return being less than 4%. Do you want me to be such a good employee who is irresponsible to customers? I'm so ashamed. And you underestimate me. I'm not stupid enough to harm my clients' interests..."
The principal of the second class was simply shocked. He had never heard such rebellious words.
The direct target of the humiliation, Goto Kanji, was already furious, "Sagawa! I think you are really asking for trouble! Since you don't want to leave here properly? Well, just wait to receive the court summons. Who allowed you to transfer tens of billions of customer funds without authorization? I want to hold you accountable for making unauthorized decisions, failing to follow procedures, and causing losses to the company..."
Crazy, really crazy!
This was the only feeling Sagawa Kenichi brought to Kanji Goto after he came back today.
He really didn't expect that there was such a person in the workplace - he actually had the audacity to condescend to others.
Is the superior-subordinate relationship just for show?
asshole! idiot! Lawless!
"And you, go call someone now and throw this guy out of the sales department immediately. If he is dishonest, call the police..."
After receiving Kanji Goto's order, the head of the second class also trembled, and immediately bowed and said: "Yes!"
He knew just by looking at his words that his boss was very angry this time.
If the anger in Goto Kanji's eyes materialized, it would burn down half the office in an instant.
Of course, his eyes were really opened this time.
In Japan, any large company implements the annual merit system.
What is needed is for employees to follow the rules and follow the procedures step by step.
In the workplace, who hasn’t been slapped on the other cheek by their boss, and then immediately smiled and slapped him on the other cheek?
Who would have thought that there would be someone like Sagawa Kenichi who would start slapping his boss in the face after being scolded a few times?
How did such a person work until now without being tortured to death by his boss?
It seems that the general manager is indeed to blame for being too indulgent to him.
However, just when the head of Section 2 was about to go out to call someone, Sagawa spoke again.
This time, his words were concise and concise, reshaping the glory of selling the crown, but it directly woke up the other two people in the room.
"There's no need to do this. Of course I can leave. As long as you don't regret it. Really, I originally thought that the sales department needed a huge amount of financial support recently. It's because of my hard work that I managed to get through the work of customers. Now. Now It doesn’t seem like that. There is no other way. It seems that the huge amount of funds in my hand can only follow me to other securities companies.” (End of Chapter)