Ukarekite Sporting and sleeping
Hana no no tsuyu ni Among the dew in
Nemuru nari A field of flowers–
Ko wa daga yume no In whose dream
Kochoo naruran Is this butterfly?
This refers to the famous dream of Zhuangzi: “Am I a man dreaming of a butterfly or a butterfly dreaming I am a man?” The bold calligraphy in the inscription appears to flutter about on the paper. Rengetsu has placed her signature on the opposite side of the inscription, beneath the butterfly, suggesting that Rengetsu herself may be the dreamer.