April 25, 1891

In medieval Japan, a compassionate governor is sent into exile. His wife and children try to join him, but are separated, and the children grow up amid suffering and oppression.

The local yôkai (Japanese spirits) interfere to avenge a murder and thwart the plans of corrupt officials.

On the night of the summer Obon festival, Hagiwara Shinzaburo meets a beautiful courtesan named Otsuyu. Not knowing she's a ghost, he becomes infatuated by her.

Matsugoro is a poor rickshaw driver whose animated spirit and optimistic demeanor make him a favorite of the town. Matsu helps an injured boy, Toshio, and is hired by the boy's parents.