Japan JPY

Japan Showa Day

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
Showa Day, a public holiday in Japan, does not measure traditional economic indicators but serves as a remembrance of Emperor Showa’s reign, impacting cultural and social activities. Its significance includes evaluating consumer behavior, leisure spending, and potential shifts in economic productivity as businesses may close and domestic travel may increase.
Frequency
Showa Day is observed annually on April 29th, marking a specific date rather than a regularly released economic data report.
Why Do Traders Care?
While Showa Day itself is not a direct economic measure, traders and economists watch its impact on consumer spending and retail sales during the holiday period, as increased leisure activities can affect underlying economic performance. Understanding these consumer trends can provide insights into Japanese economic conditions, influencing investment decisions and market perceptions.
What Is It Derived From?
Showa Day is derived from a historical context, observing the lasting influence of Emperor Showa on Japanese society and its cultural implications rather than a numerical calculation. The observance emphasizes national reflection and memory rather than the collection of economic data.
Description
As a non-economic event, Showa Day reflects cultural heritage and public sentiment rather than specific economic performance metrics. Its observance may lead to a temporary decrease in business activities but can also boost local economies through increased tourist and consumer spending.
Additional Notes
Showa Day can be considered a coincident economic measure since it correlates with other consumer spending and public holiday trends. Although it does not serve as a leading economic indicator, its effects on retail performance and tourism during this period may provide indicators of broader economic trends in Japan.
Bullish or Bearish for Currency and Stocks
This section is not applicable as Showa Day does not involve measurable forecasts or direct impacts on monetary policy.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise