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In the [[Edo period]], samurai stipends were paid in ''koku'', and the gold currency denomination known as the ''[[currency|ryô]]'' was generally held to be roughly equivalent to one ''koku'' in value. Over the course of the period, however, the value of gold rose dramatically relative to the cost of rice,<ref>Screech, Timon. "Owning Edo-Period Paintings." in Lillehoj, Elizabeth (ed.) ''Acquisition: Art and Ownership in Edo-Period Japan''. Floating World Editions, 2007. p34.</ref> making samurai relying on stipends paid in rice less and less wealthy relative to the [[chonin|merchant class]], who earned their incomes in gold and silver.
In the [[Edo period]], samurai stipends were paid in ''koku'', and the gold currency denomination known as the ''[[currency|ryô]]'' was generally held to be roughly equivalent to one ''koku'' in value. Over the course of the period, however, the value of gold rose dramatically relative to the cost of rice,<ref>Screech, Timon. "Owning Edo-Period Paintings." in Lillehoj, Elizabeth (ed.) ''Acquisition: Art and Ownership in Edo-Period Japan''. Floating World Editions, 2007. p34.</ref> making samurai relying on stipends paid in rice less and less wealthy relative to the [[chonin|merchant class]], who earned their incomes in gold and silver.
''Daimyô'' and lower-ranking samurai alike are believed to have themselves enjoyed roughly 35% of the face-value of their stipends (or ''[[kokudaka]]'' in the case of ''daimyô''), with the rest being paid to retainers or otherwise not coming into the samurai's own personal wallet. For samurai resident in [[Edo]], stipends were paid out of a granary office in [[Asakusa]], in three installments over the course of a year. One-quarter of the annual stipend was paid in spring, one-quarter in summer, and the remaining one-half in the winter. Though stipends were nominally measured in ''koku'' of rice, samurai were often paid in a mixture of rice and gold [[currency|coinage]].<ref>Craig, Teruko (trans.). ''Musui's Story: The Autobiography of a Tokugawa Samurai''. University of Arizona Press, 1988. p.xv.</ref>
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==References==
