Economic Policy Arai Hakuseki

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an export ban of tokugawa coinage imposed arai hakuseki in 1715.


under top rōjū, abe seikyo, strong support ienobu, launched shōtoku no chi, series of economic policies designed improve shogunate s standing. minting new , better quality currency, inflation controlled. calculating trade records, hakuseki deduced 25% of gold , 75% of silver in japan had been spent on trades foreign countries. concerned japan s national resources @ risk, implemented new trade policy, kaihaku goshi shinrei(海舶互市新例), control payments chinese , dutch merchants demanding instead of precious metals, products silk, porcelain, , dried seafoods should used trading. however, beneficial effects of policy limited trade of precious metals tsushima , satsuma uncontrolled bakufu.


he simplified rituals welcoming joseon dynasty s ambassadors, in face of opposition tsushima confucianist amenomori hōshu.








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