Against excessive speculative attacks that threaten sovereign bond stability, we cannot avoid taking decisive defensive measures. We will hammer the reality of the central bank's defense line into their heads. (N1 lesson 4)
Several firms already have shortfalls in eligible collateral running to tens of millions of yen. I've set the deadline for payment at 15:00 today and ordered them to pay at once. If payment stalls, we'll have no choice but to seize the assets under the contract clauses. (N1 lesson 45)
This is a critical moment for the credibility of the whole settlement network. To keep the market quiet, we have no choice but to trigger, immediately and as an emergency, the Securities Lending Facility that lends our own government bonds to the market for a time! (N1 lesson 58)
Right now, while the speculators are getting carried away trying to break through the psychological defense line, is the most effective moment. We have no choice but to pour in dollar-selling, yen-buying rounds without mercy! (N1 lesson 78)
Let us try to persuade them, without isolating them, by presenting an amended draft in which both sides' national interests can stand together. With tenacity we must win back the consensus, and secure a resolution by complete unanimity. (N1 lesson 136)
Just so. To win taxpayers' understanding, we have no choice but to carry out a 100% capital reduction, wiping out the whole of the shareholders' equity and rendering the shares worthless. No exceptional disclaimer of liability can be allowed. (N1 lesson 101)
