This small-scale collective mutual financing method has also blossomed everywhere in China japan property agency. In post-war Japan, mutual credit unions flourished to compensate for the lack of normal national banking channels japan property agency. 1Jusen: Japan’s “shadow bank” In the 1980s japan property agency, Japanese real estate entered the “myth” era. All financial institutions want to get involved and make a fortune japan property agency. So, Jusen came into being. At that time, Japanese banks and credit unions were restricted by regulations japan property agency, and the amount of loans to real estate was limited japan property agency. So they set up a financial-like subsidiary, referred to as Jusen. Jusen can provide a personal mortgage to residents without restrictions. Various “down payment loans” and “zero mortgages” have a wide variety, and even come up with “children’s loans” (grandfather borrows, grandfather, father, son and grandchildren repay the loan together), “100-year loan” (repayment period is one) In the past 100 years, the real father’s loan is still, and the son is still a loaner. It also provided financial services to commercial real estate developers with incomplete qualifications, and even acquired commercial real estate equity, which laid a huge bane. In 1995, the total loan amount of the seven largest Jusen countries in the country reached 20 trillion yen, and the total assets of all Jusen in Japan exceeded 100 trillion yen. 2 The real estate bubble burst and pierced Japan’s P2P Nikkei index continued to fall after reaching a record high of 38,915 points on December 29, 1989. From 1990 to 1992, the senior officials of the Japanese government did not mind. They felt that the stock market after the bubble was going to be healthier. Many officials who struggled for many years in the real estate industry were relieved, but they never thought that this was the beginning of a 25-year decline in the price of a nightmare. . Japanese residential house price index: In 1994, the real estate price fell sharply, causing a large number of Jusen business difficulties, and financial institutions (credit unions) with less capital, suffered a business crisis. The attitude of the Japanese financial supervisory authority, the Ministry of Finance and the Bank of Japan urgently negotiated. The three agencies agreed that bankruptcy liquidation should be avoided. If depositors lose their deposits, panic may spread and lead to financial systemic risks. So the Bank of Japan and the Ministry of Finance began: 1. Looking for “to take over”. Real estate prices have fallen sharply, leaving most banks unwilling to undertake the two credit unions; 2. Deposit insurance companies are required to ensure the safety of depositors, but the deposit insurance company established in 1971 has a capital of only 80 billion yen, far less than two Total credit card deposits. After 24 hours of sleeplessness, the central bank and the Ministry of Finance came up with a plan: a new bank will be formed by the Bank of Japan and several other private financial institutions: Tokyo Common Bank
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