Japan JPY

Japan Constitution Day

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
Japan Constitution Day, celebrated annually on May 3, commemorates the promulgation of the post-war constitution in 1947. This event is primarily a cultural and national celebration rather than a direct economic indicator; however, it can reflect the societal values of peace and democracy, impacting sentiments around political stability, which indirectly influences economic confidence.
Frequency
Japan Constitution Day is observed annually on May 3, with no reports or data revisions associated with it, as it primarily serves as a public holiday and cultural reflection.
Why Do Traders Care?
While Japan Constitution Day does not produce quantitative economic data, it holds significance for traders as it can influence overall sentiment in the markets by reflecting political stability and the strength of democratic institutions in Japan. Any associated shifts in public sentiment could impact investor confidence, thereby indirectly affecting asset prices.
What Is It Derived From?
Japan Constitution Day is derived from the historical context of the post-war constitution established after World War II, reflecting fundamental national values and civic rights. Although it is not calculated through surveys or data methodologies, its significance is rooted in historical, cultural, and legal frameworks that shape Japan's governance.
Description
Japan Constitution Day serves as a reminder of the peaceful transition to democracy post-World War II and emphasizes themes of civil liberties and human rights. While it does not generate economic data, the observance can influence public discourse regarding governance, civil participation, and public policies that may have macroeconomic implications.
Additional Notes
As a celebration of Japan's constitution, this day can be viewed as a coincident measure reflecting societal and political engagement. Although specific economic assessments do not stem directly from this event, its observance showcases a commitment to democratic values, potentially correlating with broader economic stability in the region.
Bullish or Bearish for Currency and Stocks
This section is not applicable to Japan Constitution Day, as it does not generate quantitative data or impact 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