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The Esoteric Investor: Alternative Investments for Global Macro Investors by Vishaal B. Bhuyan

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5. Tsukiji Fish Market

The Tsukiji Market in Tokyo is the largest wholesale fish market in the world. More than 2,000 tons of seafood is auctioned off every day between 5 a.m. and 2 p.m. at 1,667 stalls, with over 50,000 fisherman, traders, and restaurant owners participating in the action. The market covers 556 acres mostly occupied with buying and selling stalls, or “pits” as on the floor of the New York Mercantile Exchange (NYMEX). Tsukiji officially opened in 1935. In its first full year of operation, the market handled 183,000 metric tons of seafood valued at ¥45 million, more than $20 million in 1936 dollars or roughly $313 million by today’s standards.1

The market has its own docks on the Sumida River, which opens into Tokyo Bay, so some ...

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