Seikoitus
Seikoitus is a term that refers to the practice of using Seiko watches as a form of currency or bartering system. This phenomenon gained significant attention in the late 20th and early 21st centuries, particularly in Japan and other parts of Asia. The practice emerged due to the high demand for Seiko watches, which are often seen as status symbols and collectibles. Seikoitus is not a formal economic system but rather a social and cultural trend driven by the perceived value and desirability of Seiko watches.
The practice involves individuals exchanging Seiko watches for goods, services, or other items of value. This
Seikoitus is not without its controversies. Critics argue that it can lead to inflation, as the value