Special Award, 2026 Masayoshi Ohira Memorial PrizeThe proliferation of railroads around the world was integral to the emergence of a global market-based economy at the turn of the twentieth century. This deeply researched and comprehensive book examines the history of rail in Japan from a global perspective, offering new insight into the connections between the world economy and Japan's industrialization. Naofumi Nakamura traces the international locomotive trade and the growth of the Japanese railway industry, considering its ties to Japan's domestic economic development and later imperial expansion. He investigates locomotive manufacturing and distribution in the late nineteenth and early twentieth centuries, focusing on how this industry came to Japan and then became a major domestic sector.Nakamura argues that rail, introduced as an essential tool for nation-state building, was transformed into a tool for empire after the late 1890s. Japan sought to develop its domestic economy in response to globalization, yet had to balance the desire to localize industry with its imperial ventures. This necessitated imports from Western manufacturers until just before the First World War, by which time a domestic rail industry formed through government-led technology transfer and development found new outlets in Japan's colonies and sphere of influence. Drawing on an extensive array of archival materials, Trading Locomotives sheds new light on the transnational nature of the industrial revolution in Japan and the world.