NOMISMA

nengu

年貢 — Institutions

In Japan, a tax paid mainly in kind, above all in rice.

Japan — The age of picking coin / The Ouchi castle town and Kyoto
Japan The age of picking coin / The Ouchi castle town and Kyoto

In societies where taxes were paid in rice rather than coin, rice became the measure of value. ⚠ The recipients of the rice had to sell it to convert it into currency, and the venues for these exchanges fostered the development of Japan's financial system.