The Dojima Rice Exchange - The Plutarch Project
The Dojima Rice Exchange - The Plutarch Project
Feb 9, 2019
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The Banking Vault on Instagram: "One of the most overlooked financial innovations in history emerged in 18th-century Osaka with the Dōjima Rice Exchange, a market that quietly invented modern futures trading long before Wall Street existed. In Tokugawa Japan, rice wasn’t just food—it was money. Samurai were paid in rice stipends, taxes were assessed in rice, and political power was measured in koku, the amount needed to feed a person for a year. The problem was volatility. Rice harvests fluctuat
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