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Rice Brokers
Rice brokers, which rose to power and significance in Osaka and Edo in the Edo period (1603-1867) of Japanese history, were the forerunners to Japan's banking system. The concept actually originally arose in Kyoto several hundred years earlier; the early rice brokers of Kyoto, however, operated somewhat differently, and were ultimately not nearly as powerful or economically influential as the later Osaka system would be. ''Daimyōs'' (feudal lords) received most of their income in the form of rice. Merchants in Osaka and Edo thus began to organize storehouses where they would store a ''daimyō''s rice in exchange for a fee, trading it for either coin or a form of receipt; essentially a precursor to paper money. Many if not all of these rice brokers also made loans, and would actually become quite wealthy and powerful. As the Edo period wore on, ''daimyōs'' grew poorer and began taking out more loans, increasing the social position of the rice brokers. Rice brokers also managed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nihonbashi Bridge In Edo
is a business district of Chūō, Tokyo, Japan which grew up around the bridge of the same name which has linked two sides of the Nihonbashi River at this site since the 17th century. The first wooden bridge was completed in 1603. The current bridge, designed by Tsumaki Yorinaka and constructed of stone on a steel frame, dates from 1911. The district covers a large area to the north and east of the bridge, reaching Akihabara to the north and the Sumida River to the east. Ōtemachi is to the west and Yaesu and Kyobashi to the south. Nihonbashi, together with Kyobashi and Kanda, is the core of Shitamachi, the original downtown center of Edo-Tokyo, before the rise of newer secondary centers such as Shinjuku and Shibuya. History The Nihonbashi district was a major mercantile center during the Edo period: its early development is largely credited to the Mitsui family, who based their wholesaling business in Nihonbashi and developed Japan's first department store, Mitsuk ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clearing House
Clearing house or Clearinghouse may refer to: Banking and finance * Clearing house (finance) * Automated clearing house * ACH Network, an electronic network for financial transactions in the U.S. * Bankers' clearing house * Cheque clearing * Clearing House (EU), an EU intelligence body * Clearing House Association, a New York trade group and banking association * Clearing House Automated Transfer System (HK), a real-time gross settlement system in Hong Kong * The Clearing House Payments Company, an American check clearing and wholesale funds transfer company ** The Clearing House, its parent organization ** Bank Policy Institute, an entity which subsumed the Clearing House Association, a former arm of The Clearing House * Clearstream, a post-trade services provider * Euroclear, a Belgian financial services company * New York Clearing House, first and largest U.S. bank clearing house * Pan-European automated clearing house Other uses * Clearing House, California * WAC Cle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yoshiwara
was a famous (red-light district) in Edo, present-day Tokyo, Japan. Established in 1617, Yoshiwara was one of three licensed and well-known red-light districts created during the early 17th century by the Tokugawa shogunate, alongside Shimabara in Kyoto in 1640Avery, Anne Louise. ''Flowers of the Floating World: Geisha and Courtesans in Japanese Prints and Photographs, 1772–1926'' xhibition Catalogue(Sanders of Oxford & Mayfield Press: Oxford, 2006) and Shinmachi in Osaka. Created by the shogunate to curtail the tastes of and sequester the nouveau riche (merchant) classes, the entertainment offered in Yoshiwara, alongside other licensed districts, would eventually give rise to the creation of geisha, who would become known as the fashionable companions of the classes and simultaneously cause the demise of , the upper-class courtesans of the red-light districts. History 17th and 18th century The licensed district of Yoshiwara was created in the city of Edo, near t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kabuki
is a classical form of Japanese dance- drama. Kabuki theatre is known for its heavily-stylised performances, the often-glamorous costumes worn by performers, and for the elaborate make-up worn by some of its performers. Kabuki is thought to have originated in the very early Edo period, when founder Izumo no Okuni formed a female dance troupe who performed dances and light sketches in Kyoto. The art form later developed into its present all-male theatrical form after women were banned from performing in kabuki theatre in 1629. Kabuki developed throughout the late 17th century and reached its zenith in the mid-18th century. In 2005, kabuki theatre was proclaimed by UNESCO as an intangible heritage possessing outstanding universal value. In 2008, it was inscribed in the UNESCO Representative List of the Intangible Cultural Heritage of Humanity. Etymology The individual kanji that make up the word ''kabuki'' can be read as , , and . ''Kabuki'' is therefore sometimes t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Usury
Usury () is the practice of making unethical or immoral monetary loans that unfairly enrich the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, where an interest rate is charged in excess of the maximum rate that is allowed by law. A loan may be considered usurious because of excessive or abusive interest rates or other factors defined by the laws of a state. Someone who practices usury can be called a ''usurer'', but in modern colloquial English may be called a '' loan shark''. In many historical societies including ancient Christian, Jewish, and Islamic societies, usury meant the charging of interest of any kind, and was considered wrong, or was made illegal. During the Sutra period in India (7th to 2nd centuries BC) there were laws prohibiting the highest castes from practicing usury. Similar condemnations are found in religious texts from Buddhism, Judaism ('' ribbit'' in Hebrew), Christianity, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asakusa
is a district in Taitō, Tokyo, Japan. It is known as the location of the Sensō-ji, a Buddhist temple dedicated to the bodhisattva Kannon. There are several other temples in Asakusa, as well as various festivals, such as the . History The development of Asakusa as an entertainment district during the Edo period came about in part because of the neighboring district, Kuramae. Kuramae was a district of storehouses for rice, which was then used as payment for servants of the feudal government. The keepers () of these storage houses initially stored the rice for a small fee, but over the years began exchanging the rice for money or selling it to local shopkeepers at a margin. Through such trading, many came to have a considerable amount of disposable income and as result theaters and geisha houses began to spring up in nearby Asakusa. For most of the 20th century, Asakusa remained a major entertainment district in Tokyo. The or "Sixth District" was in particular famous as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Policy
Monetary policy is the policy adopted by the monetary authority of a nation to control either the interest rate payable for very short-term borrowing (borrowing by banks from each other to meet their short-term needs) or the money supply, often as an attempt to reduce inflation or the interest rate, to ensure price stability and general trust of the value and stability of the nation's currency. Monetary policy is a modification of the supply of money, i.e. "printing" more money, or decreasing the money supply by changing interest rates or removing excess reserves. This is in contrast to fiscal policy, which relies on taxation, government spending, and government borrowing as methods for a government to manage business cycle phenomena such as recessions. Further purposes of a monetary policy are usually to contribute to the stability of gross domestic product, to achieve and maintain low unemployment, and to maintain predictable exchange rates with other currencies. Monetary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dōjima Rice Exchange
The Dōjima Rice Exchange (堂島米市場, ''Dōjima kome ichiba'', 堂島米会所, ''Dōjima kome kaisho''), located in Osaka, was the center of Japan's system of rice brokers, which developed independently and privately in the Edo period and would be seen as the forerunners to a modern banking system. It was first established in 1697, officially sanctioned, sponsored and organized by the shogunate in 1773, reorganized in 1868, and dissolved entirely in 1939, being absorbed into the Government Rice Agency (日本米穀株式会社)(cf. :ja:食糧管理制度). The Japanese economy grew rapidly throughout the 17th century, culminating in the period known as Genroku (1688–1704) during which merchants prospered like never before. It was at this time that rice brokers and moneychangers (両替商, ''ryōgaeshō'') gathered their shops and warehouses in the Dōjima area; the Rice Exchange can be said to have been established in 1697, the year it received a license from the s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Confucianism
Confucianism, also known as Ruism or Ru classicism, is a system of thought and behavior originating in ancient China. Variously described as tradition, a philosophy, a religion, a humanistic or rationalistic religion, a way of governing, or a way of life, Confucianism developed from what was later called the Hundred Schools of Thought from the teachings of the Chinese philosopher Confucius (551–479 BCE). Confucius considered himself a transmitter of cultural values inherited from the Xia (c. 2070–1600 BCE), Shang (c. 1600–1046 BCE) and Western Zhou dynasties (c. 1046–771 BCE). Confucianism was suppressed during the Legalist and autocratic Qin dynasty (221–206 BCE), but survived. During the Han dynasty (206 BCE–220 CE), Confucian approaches edged out the "proto-Taoist" Huang–Lao as the official ideology, while the emperors mixed both with the realist techniques of Legalism. A Confucian revival began during the Tang dynasty (618–907 CE). In the late Tang, Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Genroku
was a after Jōkyō and before Hōei. The Genroku period spanned the years from the ninth month of 1688 to the third month of 1704. The reigning emperor was .Titsingh, Isaac. (1834). ''Annales des empereurs du japon'', p. 415. The period was known for its peace and prosperity, as the previous hundred years of peace and seclusion in Japan had created relative economic stability. The arts and architecture flourished. There were unanticipated consequences when the shogunate debased the quality of coins as a strategy for financing the appearance of continuing Genroku affluence. This strategic miscalculation caused abrupt inflation. Then, in an effort to solve the ensuing crisis, the introduced what were called the Kyōhō Reforms. Change of era The was 1688. The new era name was created to mark the beginning of the reign of Higashiyama. The previous era ended and the new one commenced in Jōkyō 5, on the 30th day of the 9th month. A sense of optimism is suggested in the e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Koku
The is a Chinese-based Japanese unit of volume. 1 koku is equivalent to 10 or approximately , or about . It converts, in turn, to 100 shō and 1000 gō. One ''gō'' is the volume of the "rice cup", the plastic measuring cup that is supplied with commercial Japanese rice cookers. The ''koku'' in Japan was typically used as a dry measure. The amount of rice production measured in ''koku'' was the metric by which the magnitude of a feudal domain ('' han'') was evaluated. A feudal lord was only considered ''daimyō'' class when his domain amounted to at least 10,000 ''koku''. As a rule of thumb, one ''koku'' was considered a sufficient quantity of rice to feed one person for one year. The Chinese equivalent or cognate unit for capacity is the ''shi'' or ''dan'' ( also known as ''hu'' (), now approximately 103 litres but historically about . Chinese equivalent The Chinese ''shi'' or ''dan'' is equal to 10 ''dou'' () " pecks", 100 ''sheng'' () " pints". While the current ' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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