is best known for his work as an author writing about Japanese

candlestick A candlestick is a device used to hold a candle in place. Candlesticks have a cup or a spike ("pricket") or both to keep the candle in place. Candlesticks are less frequently called "candleholders". Before the proliferation of electricity, candl ...

charting techniques used to analyze and evaluate stocks in his highly regarded book '' The Japanese Chart of Charts''. After graduating from university, Shimizu joined the securities industry before moving to the commodity trading industry to form his own company, Kanetsu Shoji Co., Ltd shortly after

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...

. He was awarded the

Blue Ribbon Medal Blue is one of the three primary colours in the RYB colour model (traditional colour theory), as well as in the RGB (additive) colour model. It lies between violet and cyan on the spectrum of visible light. The eye perceives blue when obse ...

by the Japanese

Emperor An emperor (from la, imperator, via fro, empereor) is a monarch, and usually the sovereignty, sovereign ruler of an empire or another type of imperial realm. Empress, the female equivalent, may indicate an emperor's wife (empress consort), ...

Hirohito Emperor , commonly known in English-speaking countries by his personal name , was the 124th emperor of Japan, ruling from 25 December 1926 until his death in 1989. Hirohito and his wife, Empress Kōjun, had two sons and five daughters; he was ...

in 1984 for his contributions to the Japanese commodity futures industry. The candlestick technique is often used by traders and investors who employ Technical Analysis (TA) to guide and manage their stock and/or commodity positions. This technique of graphically representing movements of a stock or commodity's price dates back to the Japanese rice market of the 17th century. At that time, chartists drew their candlesticks on a scroll of

rice paper "Rice paper" has many varieties such as rice paper made from tree bark to make drawing and writing paper or from rice flour and tapioca flour and then mixed with salt and water to produce a thin rice cake and dried to become harder and paper-like ...

, from right to left, with a crow

quill A quill is a writing tool made from a moulted flight feather (preferably a primary wing-feather) of a large bird. Quills were used for writing with ink before the invention of the dip pen, the metal- nibbed pen, the fountain pen, and, eventually ...

and India ink ground by hand. These charts provided traders with a sophisticated but quick summary of fluctuations in supply and demand, as well as the emotional and psychological factors at play in the market.

References

Japanese writers Living people Year of birth missing (living people) {{Japan-business-bio-stub