noun
free markets and open guilds; deregulated trade policy
Historical term referring to Oda Nobunaga's policy of abolishing guild monopolies and establishing free markets, particularly during the Azuchi-Momoyama period (1573–1598).
織田信長は楽市楽座を実施し、商業の自由化を進めた。
Oda Nobunaga implemented free markets and open guilds, promoting the liberalization of commerce.
楽市楽座は安土桃山時代の重要な経済政策の一つである。
Free markets and open guilds was one of the important economic policies of the Azuchi-Momoyama period.