In Emergent Genders, Michelle H. S. Ho traces the genders manifesting alongside Japanese popular culture in Akihabara, an area in Tokyo renowned for the fandom and consumption of anime, manga, and games. Drawing on ethnographic fieldwork in joso and danso cafe-and-bars, establishments where male-to-female and female-to-male crossdressing is prevalent, Ho shows how their owners, employees, and customers creatively innovate what she calls emergent genders—new practices, categories, and ways of being stemming from the simultaneous fracturing, contestations, and (re)imaginations of older forms of gender and sexual variance in Japan. Such emergent genders initiate new markets for alternative categories of expression and subjectivity to thrive in a popular cultural hub like Akihabara instead of Tokyo’s gay and lesbian neighborhood of Shinjuku Ni-chome. By rethinking identitarian models of gender and sexuality, reconfiguring the significance of capitalism for trans studies and queer theory, and decentering theoretical frameworks incubated in a predominantly United States academic context, Ho offers new ways of examining how trans and gender nonconforming individuals may survive and flourish under capitalism.