ABSTRACT

A certain Yuri Kosei, who had made himself a name through managing finances in his han, was made chief of finance. Since the bakufu had not left any money, all Yuri Kosei could do was print money and pay what was necessary. He issued paper money, the so-called dajōkan-bills, to the tune of 48 million ryō, and borrowed a few million from some wealthy merchant houses, among them Mitsui. He also made Mitsui official financial agent of the government.