Location from Re:Zero by Tappei Nagatsuki
The eastern merchant nation — a land of commerce, contracts, and cultural difference where power is measured in coin rather than bloodline, and Anastasia Hoshin built her empire from nothing.
Kararagi is what happens when a nation decides that money is more honest than monarchy. The easternmost of the four great nations, it operates on a merchant-guild system rather than hereditary rule, and its culture is distinctly different from Lugunica's feudal traditions — Japanese-inspired aesthetics, a different approach to magic, and a worldview that treats commerce as the highest art. Anastasia Hoshin came from Kararagi's gutters and built the Hoshin Trading Company into a force that rivals noble houses. The nation produces some of the world's finest mercenaries, traders, and negotiators, and its people tend to view Lugunica's obsession with royal blood and dragon covenants as quaintly primitive. Kararagi doesn't need a dragon. It has compound interest.
Also known as: Kararagi, the Merchant Nation, Eastern Nation