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Updated: July 1, 2026
Thus, whereas the gold coins struck during ten years of the Kyoho era totalled only 8,290,000 ryo, a census taken in 1732 showed a total population of 26,921,816. Therefore, the old coins could not be wholly withdrawn from circulation, and people developed a tendency to hoard the new and more valuable tokens. Other untoward effects also were produced.
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