A FULL EXPLANATION FOLLOWS:

1.  Rectitude or Justice

2.  Courage

3.  Benevolence or Mercy

4.  Politeness

5.  Honesty and Sincerity

6.  Honor

7.  Loyalty

8.  Character and Self-Control

Here are Bushido’s Eight Virtues as explained by Nitobe:

I. Rectitude or Justice

Bushido refers not only to martial rectitude, but to personal rectitude:

Rectitude or Justice, is the strongest virtue of Bushido.  Rectitude is one’s power to decide upon a course of conduct in accordance with reason, without wavering; to die when to die is right, to strike when to strike is right.  It speaks of it in the following terms: Rectitude is the bone that gives firmness and stature.  Without bones the head cannot rest on top of the spine, nor hands move nor feet stand.  So without Rectitude neither talent nor learning can make the human frame into a samurai.

II. Courage

Bushido distinguishes between bravery and courage:

Courage is worthy of being counted among virtues only if it’s exercised in the cause of Righteousness and Rectitude.  Perceiving what is right and not doing it reveals a lack of Courage.  In short, ‘Courage is doing what is right.’

III. Benevolence or Mercy

A man invested with the power to command, and the power to kill, was expected to demonstrate equally extraordinary powers of benevolence and mercy:  Love, magnanimity, affection for others, sympathy and pity, are traits of Benevolence, the highest attribute of the human soul.  Both Confucius and Mencius often said the highest requirement of a ruler of men is Benevolence.

IV. Politeness

Discerning the difference between obsequiousness and politeness can be difficult for casual visitors to Japan, but for a true man, courtesy is rooted in benevolence:  Courtesy and good manners have been noticed by every foreign tourist as distinctive Japanese traits.  But Politeness should be the expression of a benevolent regard for the feelings of others; it’s a poor virtue if it’s motivated only by a fear of offending good taste.  In its highest form Politeness approaches love.

V. Honesty and Sincerity

True samurai, according to author Nitobe, disdained money, believing that "Men must grudge money, for riches hinder wisdom."  Thus, children of high-ranking samurai were raised to believe that talking about money showed poor taste, and that ignorance of the value of different coins showed good breeding:  Bushido encouraged thrift, not for economical reasons so much as for the exercise of abstinence.  Luxury was thought the greatest menace to manhood, and severe simplicity was required of the warrior class … the counting machine and abacus were abhorred.

VI. Honor

Though Bushido deals with the profession of soldiering, it is equally concerned with non-martial behavior:  The sense of Honor, a vivid consciousness of personal dignity and worth, characterized the samurai.  He was born and bred to value the duties and privileges of his profession.  Fear of disgrace hung like a sword over the head of every samurai … To take offense at slight provocation was ridiculed as short-tempered.  As the popular adage put it: ‘True patience means bearing the unbearable.’

VII. Loyalty

Economic reality has dealt a blow to organizational loyalty around the world.  Nonetheless, true men remain loyal to those to whom they are indebted:  Loyalty to a superior was the most distinctive virtue of the feudal era.  Personal fidelity exists among all sorts of men: a gang of pickpockets swears allegiance to its leader.  But only in the code of chivalrous Honor does Loyalty assume paramount importance.

VIII. Character and Self-Control

Bushido teaches that men should behave according to an absolute moral standard, one that transcends logic.  What’s right is right, and what’s wrong is wrong.  The difference between good and bad and between right and wrong are givens, not arguments subject to discussion or justification, and a man should know the difference.  Finally, it is a man’s obligation to teach his children moral standards through the model of his own behavior: