IDEAS home Printed from https://ideas.repec.org/p/osk/wpaper/0739.html
   My bibliography  Save this paper

Traditional financing and distant trades during modernization process of financial industry: a case of Yamaguchi prefecture in the 1870s

Author

Listed:
  • Yasuo Takatsuki

    (Graduate School of Economics, Tokyo University)

Abstract

This paper investigates traditional financing and distant trades during modernization process of financial industry in Japan. Especially, a case of Yamaguchi prefecture in the 1870s is focused on. At the beginning of the Meiji era, although the system of the remittance draft was sufficiently developed, that of the commercial bill, which should be crucial for distant trades to expand, was in an undeveloped stage. In such a stage, what sustained the expanding distant trade? To answer the question, this paper investigates the commodity collateral loan, which had developed through the Tokugawa era. "Jun-eki-sha", which was established in 1874 at Yamaguchi prefecture, is the one of the representatives of such a traditional financial organization. Through the investigation of their books, "Jun-eki-sha" was found to be managed rather healthily, and it provided the commission merchants with the short term operating capital. Thus, expanding trades at the begging of the Meiji era were sustained, at least partially, by the heritage from the Tokugawa era: That is, the commodity collateral loan.

Suggested Citation

  • Yasuo Takatsuki, 2007. "Traditional financing and distant trades during modernization process of financial industry: a case of Yamaguchi prefecture in the 1870s," Discussion Papers in Economics and Business 07-39, Osaka University, Graduate School of Economics.
    • Handle: RePEc:osk:wpaper:0739
    as

    Download full text from publisher

    File URL: http://www2.econ.osaka-u.ac.jp/library/global/dp/0739.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    More about this item

    Keywords

    Japanese modern economic history; Rural financial institution; Commodity collateral loan.;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • N25 - Economic History - - Financial Markets and Institutions - - - Asia including Middle East
    • N95 - Economic History - - Regional and Urban History - - - Asia including Middle East

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:osk:wpaper:0739. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: The Economic Society of Osaka University (email available below). General contact details of provider: https://edirc.repec.org/data/feosujp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.