Retrieving "Wasure Gome" from the archives

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  1. Rice In Feudal Japan

    Linked via "wasure-gome"

    Rice as Currency and Social Marker
    While rice/) was a medium of exchange, it was rarely transported over long distances due to spoilage and the risks associated with road travel. Instead, rice stored in domain storehouses (kura) was converted into negotiable promissory notes or fuda (paper certificates) in major castle towns. This financialization of grain led to significant speculation among the merchant class, particularly concerning the price fluctuations of early-maturing *[w…