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UID:205@harvard-yenching.org
DTSTART;TZID=America/New_York:20150414T120000
DTEND;TZID=America/New_York:20150414T133000
DTSTAMP:20201027T004209Z
URL:https://www.harvard-yenching.org/events/dominance-old-chinese-coins-me
 dieval-japan-self-organization-money/
SUMMARY:Dominance of ‘Old’ Chinese Coins in Medieval Japan: The Self-Or
 ganization of Money
DESCRIPTION:\n	Kuroda Akinobu (Professor of East Asian History\, Institute 
 for Advanced Studies on Asia\, The University of Tokyo\; HYI Visiting Scho
 lar)\n	Chair/Discussant: David Howell (Professor of Japanese History\, Dep
 artment of East Asian Languages & Civilizations\, Harvard University)\n\n	
 Co-sponsored with the Reischauer Institute of Japanese Studies\n\n\n	No me
 dieval Japanese authority issued currency\, while Chinese coinages appeare
 d abruptly in the late 12th century and continued to dominate transactions
  in Japan. It was not a demand for money that ignited a rapid increase in 
 the importation of Chinese coinage\, but rather a demand for metals which 
 were used for molding Buddhist statutes\, bells etc. The substitution of p
 aper money for coins by contemporary Chinese authorities accelerated expor
 ts. However\, the usage of coins for collecting taxes and tributes in Japa
 n prompted the popularity of Chinese coinages\, in tandem with the prolife
 ration of rural market places across Japan. From the 15th century onwards\
 , Japan exported copper to southern China in exchange for ‘old’ Chines
 e coinage mainly bearing Northern Song-era names. In the 1560s\, connectio
 n with unofficial minting in Fujian was lost\, causing Japanese dealers to
  switch from land contracts in terms of ‘old’ coins to contracts in te
 rms of rice. This history clearly shows that money is accepted by neither 
 authority nor intrinsic value.
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