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Japan JPY

Japan Labor Thanksgiving Day

Impact:
Low

Latest Release:

Date:
Actual:
 
Forecast:
Previous/Revision:  
Period:

Next Release:

Date:
Period:
What Does It Measure?
Japan's Labor Thanksgiving Day measures the contribution of workers to society and acknowledges their hard work. While it does not provide quantitative economic data, it serves as a reminder of labor's role in driving production and economic growth on a national scale.
Frequency
Labor Thanksgiving Day is an annual observance, celebrated every November 23rd, and does not have preliminary or final estimates as it is a fixed holiday.
Why Do Traders Care?
Traders recognize Labor Thanksgiving Day as a significant cultural event in Japan, impacting market activities as many businesses close for the holiday. This closure can lead to decreased trading volumes and may influence short-term currency and stock performances, particularly in relation to Japanese markets.
What Is It Derived From?
The observance of Labor Thanksgiving Day is derived from a collection of customs and historical practices that highlight the value of labor and humanity's relationship with nature. It is celebrated based on the nation's constitutional provisions, reflecting societal values rather than calculated economic indicators.
Description
Labor Thanksgiving Day is rooted in the post-World War II era, formalized in Japan's 1947 Constitution as a way to celebrate workers and foster a sense of community. It is a public holiday characterized by various events designed to honor laborers and promote social unity, although it does not yield measurable economic data directly associated with production or market activity.
Additional Notes
Labor Thanksgiving Day serves as a coincident economic measure reflecting the appreciation of labor within the Japanese socio-economic landscape; however, it does not directly correlate with economic indicators such as employment figures or productivity reports. As Japan's economy interacts with global markets, understanding cultural observances like this can provide context for investor sentiment and market behavior during holiday periods.

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
Nov 23, 2024
 
  
Nov 23, 2023
 
  
Nov 23, 2022
 
  
Nov 23, 2021
 
  
Nov 23, 2020