Homma Munehisa

Homma Munehisa (Japanese本 间 宗 久, also: Honma Munehisa or On- reading: Homma Sokyu; * 1724 in Sakata, † 1803 ) was a Japanese rice trader from Sakata. His nickname was God of the markets.

Life

He comes from a rich family from the north- western Japan. Although he is the youngest son, he takes over the family business in 1750 and is rice traders and successor of his father. He first worked in his home Sakata and then after Dojima in Osaka where rice is traded for the whole of Japan. Munehisa Homma was probably the first one interested in historical rice prices. He is ( in Japan Sakata Strategy) be the inventor of candles graphics, a technique for illustrating fluctuations. He later published books on the interpretation of the results. This technique was made ​​popular in the later 1990's by Steve Nison.

With this technique, he brought the entire rice market under his control and became the richest man in Japan, as assets at that time in koku of rice was measured and this was the main source of income daimyo.

He recognized especially the importance of quick information. So he built a chain of Winkern, standing on rooftops, flag signals and forwarded. How could vital information from Sakata very quickly to Osaka, which is about 600 km are transmitted. About 150 people worked in this chain.

Because of his success, he was later samurai and financial advisor to the Japanese government.

In 1755, Homma Munehisa described his findings in the book San'en Kinsen Hiroku (三 猿 金泉 秘录, German as: " The source of the money - comments by the three monkeys for money " ), one of the first books on the subject of market psychology. The Three Monkeys have a different meaning than in Europe in Japan. After Nison they are to be interpreted as follows:

  • "Nothing evil look ": When you see falling (rising ) courses, do not panic, but buy targeted / sell.
  • "Nothing evil hear " When you hear of falling ( rising ) prices, not give heed to rumors
  • " Say no evil ": Do not tell others what you will act

They say he was also involved in two other books.

  • Sakata Shokai Senjutsu (酒 田 戦 术 详解): Detailed comments for candle graphics ( Sakata Strategy)
  • Homma Sokyu Soba Zanmaiden (本 间 宗 久 相 场 三昧 伝)

Japanese rice market in the 17th century Edo period

The rice was traded through barter. From about 1710 was you tried to make the market regardless of the season. Thus, the crops were sold before they were introduced ( Future). The real rice was replaced by a rice coupon, a kind of promissory note, which was later exchanged against the real rice. These coupons were again self- commodified.

The abuse of the process led to the fact that 1749 110.000 bales of rice were traded, although produced in Japan at the time only 30,000.

See also: Fudasashi

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