DEVELOPMENT OF THE COMMODITY ECONOMY IN JAPAN IN THE EDO PERIOD AND THE ROLE OF THE MITSUI FAMILY

Abstract

The development of the Japanese economy in the Edo period was associated with urban development and the changing position of merchants. The birth of the Mitsui family was a necessity in the history of Japan's development in the context of changing social classes, unstable politics, and complicated financial and monetary confusion. Mitsui was born to promptly meet the changing and developing needs of Japan at that time. With the characteristics of private ownership and a horizontal family management apparatus, the influence is pervasive, combined with strong connections within the apparatus in traditional, commercial and banking sectors, leading to the ability to Mitsui's high dominance that other clans did not have during this period.