The story begins with the finding of a wonderful peach which comes floating down a small stream and is brought to shore by a little Japanese woman, who takes it to her home. It there transpires that she and her husband are still mourning the loss of a baby, and the wonderful peach when it is cut brings healing to their sorrow, for as the father's hands separate the two parts of the luscious fruit, between them miraculously appears the figure of a tiny baby.