Haguregumo is set in the Bakumatsu, the turbulent period at the end of the Tokugawa Shogunate, after the "opening" of Japan in 1854. The country was being torn apart by competing factions - modernizers trying to apply Western technology and ideas to Japanese society; Imperial loyalists, trying to reassert to the ascendancy of the Emperor; and the forces of the Shogunate, trying to defend the military bureaucracy (bakufu) against all comers. The bakufu organized special police squads, notably the Shinsengumi and the Mimawarigumi, to "defend public order" and assassinate opponents. (In popular culture, they are all lumped together as the Shinsengumi.) Covert violence and even open warfare were commonplace.
The movie covers 1866 and 1867. It tells the story of a retired samurai, Kumosuke (or Kumo, for short), who is living quietly, not to say idly, in Edo (old Tokyo) with his wife and two children, a young boy named Shinnosuke and an infant girl, Ohana. While he nominally runs a courier business to earn a living, he seems to spend most of his time smoking his pipe, drinking sake, and chasing women. The arrival of a Shinsengumi squad led by a young swordswman, Ichimonji Hyougo, disrupts this peaceful routine. Kumo is forced to use his still-sharp sword skills to defend himself, but he'd basically prefer to stay out of the treacherous political currents. Nonetheless, he ends up saving Ryouma Sakamoto (a famous Westernizer) from the Shinsengumi and teaching Ichimonji the futility of the warrior way.
A classic it is not, but it is worth a watch, as it's enjoyably bad.
Based on a long running manga series, which started in the seventies and oh yeah, you can tell.
The story is of a lackadaisical courier/swordsman who is a master of a twins blade, but prefers to spend his time cheating on his wife, being a terrible father, drinking sake and not doing his job.
The film is a comedy and manages to be funny at times, while having some truly distrurbing scenes.
The film is set at the closing of the edo period, where anti foreigner warriors are at large (similar to The Way
of the Samurai 4 video game) and shows the main character coming into contact with a group of them and beating, but not killing them.
It then shows his carefree life as he enjoys life with his wife, (whose single goal in life seems to be to get some from her husband, when he's not grabbing ass around town) and hanging with his son, (who is looking for a much better father figure, and finds one) and his daughter (a chip of the old block who does as she pleases too.)
Not much really happens, but it gives insight into what must be a very dated, average, but oddly fun manga series. I recommend watching, you will somewhat enjoy it, though you may get a bitter aftertaste of old school sexism.