is best known for his work as an author writing about Japanese

candlestick A candlestick is a device used to hold a candle in place. Candlesticks have a cup or a spike ("pricket") or both to keep the candle in place. Candlesticks are sometimes called "candleholders". Before the proliferation of electricity, candles wer ...

charting techniques used to analyze and evaluate stocks in his highly regarded book '' The Japanese Chart of Charts''.

Business career

After graduating from university, Shimizu joined the securities industry before moving to the commodity trading industry to form his own company, Kanetsu Shoji Co., Ltd shortly after

World War II World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the wo ...

Awards

He was awarded the

Blue Ribbon Medal Blue is one of the three primary colours in the RYB colour model (traditional colour theory), as well as in the RGB (additive) colour model. It lies between violet and cyan on the spectrum of visible light. The term ''blue'' generally descr ...

by the Japanese

Emperor The word ''emperor'' (from , via ) can mean the male ruler of an empire. ''Empress'', the female equivalent, may indicate an emperor's wife (empress consort), mother/grandmother (empress dowager/grand empress dowager), or a woman who rules ...

Hirohito , Posthumous name, posthumously honored as , was the 124th emperor of Japan according to the traditional order of succession, from 25 December 1926 until Death and state funeral of Hirohito, his death in 1989. He remains Japan's longest-reigni ...

in 1984 for his contributions to the Japanese commodity futures industry.

Candlestick technique

The candlestick technique is often used by traders and investors who employ Technical Analysis (TA) to guide and manage their stock and/or commodity positions. This technique of graphically representing movements of a stock or commodity's price dates back to the Japanese rice market of the 17th century. At that time, chartists drew their candlesticks on a scroll of

rice paper Rice paper is a product constructed of paper-like materials made from different plants. These include: *''Thin peeled dried pith of Tetrapanax papyrifer'': A sheet-like "paper" material was used extensively in late 19th century Guangdong, China ...

, from right to left, with a crow

quill A quill is a writing tool made from a moulted flight feather (preferably a primary wing-feather) of a large bird. Quills were used for writing with ink before the invention of the dip pen/metal-Nib (pen), nibbed pen, the fountain pen, and, event ...

and

India ink India ink (British English: Indian ink; also Chinese ink) is a simple black or coloured ink once widely used for writing and printing and now more commonly used for drawing and outlining, especially when inking comic books and comic strips. In ...

ground by hand. These charts provided traders with a sophisticated but quick summary of fluctuations in supply and demand, as well as the emotional and psychological factors at play in the market.

References

Japanese writers Living people Year of birth missing (living people) {{Japan-business-bio-stub