Dōjima Rice Exchange, Rice exchange in Dojimahama, Japan
The Dojima Rice Exchange operated from wooden buildings along the Dojima River, facilitating transactions between merchants through an organized system of rice brokers.
Established in 1697, the Dojima Rice Exchange received official recognition from the Tokugawa shogunate in 1773 to regulate rice trading across the nation.
The exchange transformed rice from a basic commodity into a sophisticated financial instrument, introducing futures contracts to the Japanese economic system.
Merchants at the exchange developed price signals using flags and runners to communicate market fluctuations to traders in different cities.
The exchange managed deposits for samurai who received rice as payment, functioning as both a trading center and an early banking institution.
Location: Dōjimahama
Inception: 1697
GPS coordinates: 34.69520,135.49867
Latest update: May 27, 2025 12:49
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