Yokohama Raw Silk Exchange

Japanese: 横浜生糸取引所 - よこはまきいととりひきじょ

A commodity exchange in Yokohama for the purpose of trading silk thread. Its predecessor, the Yokohama Exchange, was established in 1894, and as raw silk and silk thread exports boomed, it attracted attention as a global benchmark market and also served as a barometer for measuring the state of the Japanese economy. It was closed during World War II, but was relaunched in 1951 as the Yokohama Raw Silk Exchange, a members-only organization. The product traded is raw silk, and futures trading is conducted with a six-month contract period, with the standard product being 3A out of 27 according to the raw silk inspection regulations. Before the war, Japan accounted for almost 70% of the world's raw silk production, and around 60% of the production was exported, but after the war, the emergence of cheap nylon, which has a similar luster, led to a steady decline in both domestic and export production, and since the 1970s, cheap imports have been on the market.

Source: Heibonsha World Encyclopedia, 2nd Edition Information

Japanese:

繭糸の取引を目的とした横浜にある商品取引所。その前身である横浜取引所は1894年に設立され，生糸，絹織糸輸出が活況を呈するとともに世界の指標市場として注目さ，また同時に日本経済の景況を測るバロメーター役をも果たした。第2次大戦によって閉鎖されたが，1951年会員組織の横浜生糸取引所として新発足した。取引対象商品は生糸で，生糸検査規則による27中3A格を標準品とする6限月制の先物取引を行っている。戦前の日本は世界の生糸生産のほぼ7割を占め，生産のうち6割前後が輸出に振り向けられていたが，戦後光沢の似た割安のナイロンの出現で国内，輸出とも後退の一途をたどり，1970年代以降は安値の輸入品が出回っている。

出典　株式会社平凡社世界大百科事典第２版について　情報

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