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Kabunakama
''Kabunakama'' (株仲間) were merchant guilds in Edo period Japan, which developed out of the basic merchants' associations known as '' nakama''. The ''kabunakama'' were entrusted by the shogunate to manage their respective trades, and were allowed to enjoy a monopoly in their given field. Some ''kabunakama'', known as ''gomen-kabu'', were even allowed to set prices and manage the operations of other ''nakama''. Though the shogunate originally opposed monopolies, they eventually gave in to the increasing numbers and organization of merchants' associations, and decided to make an attempt to control them by officially licensing them. In 1721, the government began to authorize individual ''nakama'' to become ''kabunakama'' (''kabu'' refers to "shares", though these were themselves not tradeable), and to oversee the organization and trade within given fields. The goal was to encourage cooperation, not competition, and always to work towards the goal of advancing the economy. It is sai ...
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Nakama (guilds)
Nakama may refer to: *Nakama (surname) *In Japanese language, Japanese, nakama (仲間) means colleague, compatriot, friend or comrade *Nakama, Fukuoka (中間) is a city in Japan's Fukuoka Prefecture. *Kabunakama, ''Nakama'' (guilds) (仲間) also refers to a type of Japanese merchant guild of the Edo period. *Nakama (band), ''Nakama'' (band), Norwegian jazz ensemble comprising Christian Meaas Svendsen, Ayumi Tanaka, Adrian Løseth Waade, and Andreas Wildhagen. {{disambig ...
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Edo Period
The or is the period between 1603 and 1867 in the history of Japan, when Japan was under the rule of the Tokugawa shogunate and the country's 300 regional '' daimyo''. Emerging from the chaos of the Sengoku period, the Edo period was characterized by economic growth, strict social order, isolationist foreign policies, a stable population, perpetual peace, and popular enjoyment of arts and culture. The period derives its name from Edo (now Tokyo), where on March 24, 1603, the shogunate was officially established by Tokugawa Ieyasu. The period came to an end with the Meiji Restoration and the Boshin War, which restored imperial rule to Japan. Consolidation of the shogunate The Edo period or Tokugawa period is the period between 1603 and 1867 in the history of Japan, when Japan was under the rule of the Tokugawa shogunate and the country's regional '' daimyo''. A revolution took place from the time of the Kamakura shogunate, which existed with the Tennō's court, to the Tok ...
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Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north toward the East China Sea, Philippine Sea, and Taiwan in the south. Japan is a part of the Ring of Fire, and spans Japanese archipelago, an archipelago of List of islands of Japan, 6852 islands covering ; the five main islands are Hokkaido, Honshu (the "mainland"), Shikoku, Kyushu, and Okinawa Island, Okinawa. Tokyo is the Capital of Japan, nation's capital and largest city, followed by Yokohama, Osaka, Nagoya, Sapporo, Fukuoka, Kobe, and Kyoto. Japan is the List of countries and dependencies by population, eleventh most populous country in the world, as well as one of the List of countries and dependencies by population density, most densely populated and Urbanization by country, urbanized. About three-fourths of Geography of Japan, the c ...
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Shogunate
, officially , was the title of the military dictators of Japan during most of the period spanning from 1185 to 1868. Nominally appointed by the Emperor, shoguns were usually the de facto rulers of the country, though during part of the Kamakura period, shoguns were themselves figureheads, with real power in hands of the Shikken of the Hōjō clan. The office of shogun was in practice hereditary, though over the course of the history of Japan several different clans held the position. The title was originally held by military commanders during Heian period in the eighth and ninth centuries. When Minamoto no Yoritomo gained political ascendency over Japan in 1185, the title was revived to regularize his position, making him the first shogun in the usually understood sense. The shogun's officials were collectively referred to as the ; they were the ones who carried out the actual duties of administration, while the Imperial court retained only nominal authority.Beasley, William G ...
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Share (finance)
In finance, financial markets, a share is a unit of Equity (finance), equity ownership in the capital stock of a corporation, and can refer to units of mutual funds, limited partnerships, and real estate investment trusts. Share capital refers to all of the shares of an enterprise. The owner of shares in a company is a shareholder (or stockholder) of the corporation. A share is an indivisible unit of capital, expressing the ownership relationship between the company and the shareholder. The denominated value of a share is its face value, and the total of the face value of issued shares represent the capital of a company, which may not reflect the market value of those shares. The income received from the ownership of shares is a dividend. There are different types of shares such as equity shares, preference shares, deferred shares, redeemable shares, bonus shares, right shares, and employee stock option plan shares. Valuation Shares are valued according to the various principle ...
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Za (guilds)
The were one of the primary types of trade guilds in feudal Japan. The za grew out of protective cooperation between merchants and religious authorities. They became more prominent during the Muromachi period where they would ally themselves with noble patrons, before they became more independent later in the period. The za commonly organized by locality, and not by trade in the rural areas; but grouped by trade in the larger cities, more familiar to their European counterparts. The monopoly of the za was challenged during the reign of Oda Nobunaga. Later in the early 18th century, the za gained in influence by working more closely with the Tokugawa government; this brought more centralization and a return to their monopoly power. After the Meiji restoration, the za was either replaced, eclipsed or would gradually adopt more modern forms of business, eventually giving rise to the modern ''zaibatsu'' and ''keiretsu'' monopolies of the 20th century. Origins The word ''za'', meanin ...
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Osaka
is a designated city in the Kansai region of Honshu in Japan. It is the capital of and most populous city in Osaka Prefecture, and the third most populous city in Japan, following Special wards of Tokyo and Yokohama. With a population of 2.7 million in the 2020 census, it is also the largest component of the Keihanshin Metropolitan Area, which is the second-largest metropolitan area in Japan and the 10th largest urban area in the world with more than 19 million inhabitants. Osaka was traditionally considered Japan's economic hub. By the Kofun period (300–538) it had developed into an important regional port, and in the 7th and 8th centuries, it served briefly as the imperial capital. Osaka continued to flourish during the Edo period (1603–1867) and became known as a center of Japanese culture. Following the Meiji Restoration, Osaka greatly expanded in size and underwent rapid industrialization. In 1889, Osaka was officially established as a municipality. The construc ...
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Rōjū
The , usually translated as '' Elder'', was one of the highest-ranking government posts under the Tokugawa shogunate of Edo period Japan. The term refers either to individual Elders, or to the Council of Elders as a whole; under the first two ''shōguns'', there were only two ''Rōjū''. The number was then increased to five, and later reduced to four. The ''Rōjū'' were appointed from the ranks of the ''fudai daimyōs'' with domains of between 25,000 and 50,000 ''koku''. Duties The ''Rōjū'' had a number of responsibilities, most clearly delineated in the 1634 ordinance that reorganized the government and created a number of new posts: :#Relations with the Emperor, the Court, and the Prince-Abbots. :#Supervision of those ''daimyō'' who controlled lands worth at least 10,000 ''koku''. :#Managing the forms taken by official documents in official communications. :#Supervision of the internal affairs of the Shogun's domains. :#Coinage, public works, and enfiefment. :#Governmental ...
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Mizuno Tadakuni
was a ''daimyō'' during late-Edo period Japan, who later served as chief senior councilor (''Rōjū'') in service to the Tokugawa shogunate. He is remembered for having instituted the Tenpō Reforms. Biography Mizuno Tadakuni was the second son of Mizuno Tadaaki, the daimyō of Karatsu Domain. As his elder brother died at an early age, Tadakuni became heir in 1805 and was presented to ''shōgun'' Tokugawa Ienari and future ''shōgun'' Tokugawa Ieyoshi in a formal audience in 1807. In 1812, on the retirement of his father, he became head of the Mizuno clan and daimyō of Karatsu. He entered the service of the Tokugawa shogunate as a ''Sōshaban'' (Master of Ceremonies) at Edo Castle in 1816. However, faced with increasing difficulties over the policing of the foreign trade port of Nagasaki, in 1817, Tadakuni petitioned to be transferred from the Karatsu Domain to the much smaller Hamamatsu Domain in Tōtōmi Province. Although both domains were ranked officially at 70,000 ''kok ...
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Economy Of Feudal Japan
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Howev ...
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Cartels
A cartel is a group of independent market participants who collude with each other in order to improve their profits and dominate the market. Cartels are usually associations in the same sphere of business, and thus an alliance of rivals. Most jurisdictions consider it anti-competitive behavior and have outlawed such practices. Cartel behavior includes price fixing, bid rigging, and reductions in output. The doctrine in economics that analyzes cartels is cartel theory. Cartels are distinguished from other forms of collusion or anti-competitive organization such as corporate mergers. Etymology The word ''cartel'' comes from the Italian word '' cartello'', which means a "leaf of paper" or "placard", and is itself derived from the Latin ''charta'' meaning "card". The Italian word became ''cartel'' in Middle French, which was borrowed into English. In English, the word was originally used for a written agreement between warring nations to regulate the treatment and exchange of ...
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Guilds In Japan
A guild ( ) is an association of artisans and merchants who oversee the practice of their craft/trade in a particular area. The earliest types of guild formed as organizations of tradesmen belonging to a professional association. They sometimes depended on grants of letters patent from a monarch or other ruler to enforce the flow of trade to their self-employed members, and to retain ownership of tools and the supply of materials, but were mostly regulated by the city government. A lasting legacy of traditional guilds are the guildhalls constructed and used as guild meeting-places. Guild members found guilty of cheating the public would be fined or banned from the guild. Typically the key "privilege" was that only guild members were allowed to sell their goods or practice their skill within the city. There might be controls on minimum or maximum prices, hours of trading, numbers of apprentices, and many other things. These rules reduced free competition, but sometimes maintaine ...
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