Japan in 1898, Year of Goichi Hosoda's Birth
Goichi Hosoda, the inventor of Ichimoku Kinkō Hyō, was born in 1898 in Japan. While most of the country was agricultural at the time, cities were industrializing and growing. The country had recently opened its borders for trade and companies in Japan were partnering with companies in the United States.
To have fun and make this a little more personal, think of yourself as the inventor of Ichimoku Kinkō Hyō, Goichi Hosoda.
Your name is Goichi Hosoda and you live in 1930s Japan. You are a journalist and a trader. You watch the markets. You’re about to invent Ichimoku Kinkō Hyō.
You were born in 1898 the same year as the first automobile in Japan. Political power shifts in the islands have been happening for centuries. The area went from civil wars during the 14th century to unifying during the turn of the 17th century. Then Japan cut off almost all contact with the rest of the world between 1600 to 1868.
Japan again opens to the world in 1868 and you were born in 1898. That first car produced in 1898 was the French Panhard-Levassor and was allowed in because of new trade agreements.
In 1898 NEC was established. Today it’s a Fortune 500 company. In 1899, NEC partnered with the Western Electric Company in the United States to become the first Japanese joint-venture with foreign capital.
Business, trade, and growth, as well as agriculture, were strong at the time. So was Japan’s military. Japan defeated China in the First Sino-Japanese War in 1895 and seized Taiwan. In 1905, Japan defeated Russia. Then in 1910, they annexed Korea.
In the 1920s and 1930s, Japan began to aggressively expand its territory. For example, they invaded China again in 1931.
Japan was turning to a fascist, country-first, political force. However, there was never a dictator, elections were held, and the Emperor did not have absolute power.
During the late 1920’s you are a financial journalist, writing articles for Capital Newspaper. Currently, the markets are going down, brought on because of the worldwide depression.
Japan Continued to Grow During the Depression
Despite the depression, by the 1930s, Japan was still trying to grow including building its own automobiles. Here is a 1930 Japanese-made Datsun. The Datsun brand is now owned by Nissan and is currently in production.
From 1898 to 1930 Japan grew from freshly opening its doors to being a military powerhouse in the region. Meanwhile, life in the cities was rich in technology and a mixture of unique Japanese culture that was open to new ideas coming in.
You watch and write about the markets and wonder, could there be a better way?
At the time of Goichi Hosoda’s birth in 1898, parts of Japan were a modern society dealing with new international connections. Business was growing including a technology sector. During that time, the country was the regional leader in military might.
Goichi Hosoda was a financial writer during the 1920s when the Japanese markets were crashing because of the worldwide depression.