Abstract

This paper attempted to reveal the economic activities of court nobles based on the myōmoku-kin of Kujō family. It is a general explanation that court nobles relied heavily on financial support from the samurai class, such as the shogunate or daimyo during the early-modern Japan. However, the overall crisis facing the ruling class of Japan, many court nobles faced a situation where they had to overcome financial difficulties on their own. In the early-modern Japan, Kujō family was not only seeking the economic support, but also running its own loan business to secure new income. For this reason, the myōmoku-kin of Kujō family was constantly expanding.
 The loan was directed to the daimyo, who were the largest consumer of funds in the financial market at the time. This means a reversed flow of money, different from the conventional thesis that poor court nobles were being supported by the daimyo. Many daimyo, who were alienated from the financial market at the time, were able to borrow the money from myōmoku-kin of Kujō family. Based on the protection of the shogunate, it is presumed that Kujō family was lending to the daimyo, which were not generally preferred in the market. In other words, myōmoku-kin of Kujō family was functioning as financial funds for the daimyo. This suggests that it is necessary to redefine the economic relationship between the daimyo and court nobles in the late early-modern Japan.

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