{"id":{"repo_id":"uiuc","oai_identifier":"oai:www.ideals.illinois.edu:2142/120233"},"canonical_url":"https://search.dev.ndltd.org/etd/uiuc/oai:www.ideals.illinois.edu:2142/120233","repository":{"repo_id":"uiuc","name":"University of Illinois - Urbana-Champaign","base_url":"https://www.ideals.illinois.edu/oai-pmh"},"display":{"title":"Autopsy of a market failure:The Dojima Japanese rice futures in the early 21st century","abstract":"Submission original under an indefinite embargo labeled 'Open Access'. The submission was exported from vireo on 2023-09-01 without embargo terms","abstract_html":"Submission original under an indefinite embargo labeled 'Open Access'. The submission was exported from vireo on 2023-09-01 without embargo terms","abstract_has_math":false,"creators":["Yamamoto, Shuhei"],"institution":"University of Illinois at Urbana-Champaign","degree_name":"M.S.","degree_level":"Thesis","degree_discipline":"Agricultural & Applied Econ","degree_department":null,"school":null,"contributors":["Serra, Teresa","Janzen, Joe"],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2023,"date_issued":"2023-05","date_published":"2023-05","updated_at":"2026-07-22T22:24:57Z","subjects":["The Failure Of Futures Market","Rice Futures In Japan","Batch And Continuous Trading"],"languages":["en","eng"],"rights":["Copyright 2023 Shuhei Yamamoto"],"rights_urls":[],"identifier_entries":[]},"links":{"outbound_url":"https://hdl.handle.net/2142/120233","outbound_label":"Handle","outbound_source":"dc:identifier"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor","label":"Contributor","values":["Serra, Teresa","Janzen, Joe"]},{"key":"dc:creator","label":"Author","values":["Yamamoto, Shuhei"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date","label":"Dc Date","values":["2023-05","2023-04-10"]},{"key":"dc:type","label":"Dc Type","values":["text","Thesis"]},{"key":"thesis:degree_discipline","label":"Discipline","values":["Agricultural & Applied Econ"]},{"key":"thesis:degree_level","label":"Degree Level","values":["Thesis"]},{"key":"thesis:degree_name","label":"Degree Name","values":["M.S."]},{"key":"thesis:institution_name","label":"Thesis Institution Name","values":["University of Illinois at Urbana-Champaign"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["The Failure Of Futures Market","Rice Futures In Japan","Batch And Continuous Trading"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:language","label":"Dc Language","values":["en","eng"]},{"key":"dc:rights","label":"Dc Rights","values":["Copyright 2023 Shuhei Yamamoto"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier","label":"Identifier","values":["https://hdl.handle.net/2142/120233"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description","label":"Description","values":["Submission original under an indefinite embargo labeled 'Open Access'. The submission was exported from vireo on 2023-09-01 without embargo terms","The student, Shuhei Yamamoto, accepted the attached license on 2023-04-04 at 10:51.","The student, Shuhei Yamamoto, submitted this Thesis for approval on 2023-04-04 at 10:52.","This Thesis was approved for publication on 2023-04-10 at 16:35.","DSpace SAF Submission Ingestion Package generated from Vireo submission #18914 on 2023-09-01 at 17:07:58","We investigate the Osaka Dojima Exchange (ODEX) Japanese rice futures market to identify the reasons underlying its failure. In 2021 the Japanese government did not authorize permanent listing of the contract citing the limited participation of handlers and ODEX decided to terminate trading. We evaluate a wide range of market characteristics that influence the success of a commodity futures market. We conclude that the spot market did not meet the requirements for the futures market to be successful. The futures market was further unable to provide some of its most relevant functions effectively. The use of the futures contracts essentially as a forward contract did not facilitate the success of the market either. Coupled with all these issues, political opposition and regulatory uncertainty led to the failure of the market by mid-2021."]},{"key":"dc:format","label":"Dc Format","values":["application/pdf"]},{"key":"dc:title","label":"Title","values":["Autopsy of a market failure:The Dojima Japanese rice futures in the early 21st century"]}]}],"canonical_facts":{"dc:contributor":["Serra, Teresa","Janzen, Joe"],"dc:creator":["Yamamoto, Shuhei"],"dc:date":["2023-05","2023-04-10"],"dc:description":["Submission original under an indefinite embargo labeled 'Open Access'. The submission was exported from vireo on 2023-09-01 without embargo terms","The student, Shuhei Yamamoto, accepted the attached license on 2023-04-04 at 10:51.","The student, Shuhei Yamamoto, submitted this Thesis for approval on 2023-04-04 at 10:52.","This Thesis was approved for publication on 2023-04-10 at 16:35.","DSpace SAF Submission Ingestion Package generated from Vireo submission #18914 on 2023-09-01 at 17:07:58","We investigate the Osaka Dojima Exchange (ODEX) Japanese rice futures market to identify the reasons underlying its failure. In 2021 the Japanese government did not authorize permanent listing of the contract citing the limited participation of handlers and ODEX decided to terminate trading. We evaluate a wide range of market characteristics that influence the success of a commodity futures market. We conclude that the spot market did not meet the requirements for the futures market to be successful. The futures market was further unable to provide some of its most relevant functions effectively. The use of the futures contracts essentially as a forward contract did not facilitate the success of the market either. Coupled with all these issues, political opposition and regulatory uncertainty led to the failure of the market by mid-2021."],"dc:format":["application/pdf"],"dc:identifier":["https://hdl.handle.net/2142/120233"],"dc:language":["en","eng"],"dc:rights":["Copyright 2023 Shuhei Yamamoto"],"dc:subject":["The Failure Of Futures Market","Rice Futures In Japan","Batch And Continuous Trading"],"dc:title":["Autopsy of a market failure:The Dojima Japanese rice futures in the early 21st century"],"dc:type":["text","Thesis"],"thesis:degree_discipline":["Agricultural & Applied Econ"],"thesis:degree_level":["Thesis"],"thesis:degree_name":["M.S."],"thesis:institution_name":["University of Illinois at Urbana-Champaign"]},"updated_at":"2026-07-22T22:24:57Z"}