Japan JPY

Japan Marine Day

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
Japan's Marine Day (Umi no Hi) measures the importance of the oceans and water bodies in Japan's culture, economy, and environment. It primarily focuses on promoting the sustainable use and conservation of marine resources as well as enhancing awareness of maritime activities, traditionally emphasizing aspects like fishing, shipping, and tourism.
Frequency
Marine Day is celebrated annually on the third Monday of July, serving as a public holiday rather than a report or statistical indicator.
Why Do Traders Care?
Traders might be interested in Marine Day for its implications on sectors reliant on maritime activities, such as shipping, fishing, and tourism, which can influence related financial markets. While it may not directly drive market movements, the celebration reflects the health of the maritime economy, which can impact fiscal policies and broader economic trends.
What Is It Derived From?
Marine Day originates from historical recognition of Japan's relationship with the ocean, selected for its proximity to the summer season when maritime activities peak, signifying the importance of these industries. The event includes various activities that promote marine education and awareness, but it does not have a specific calculation methodology or dataset associated with it like traditional economic indicators.
Description
Marine Day emphasizes Japan's connection to the ocean, showcasing cultural and economic activities tied to maritime life. The day often features beach clean-up events, educational programs, and regional festivals aimed at promoting marine conservation and awareness of coastal issues, fostering appreciation of the ocean's role in Japanese society.
Additional Notes
Marine Day indirectly influences the economy by highlighting tourism and fishing activities, making it a coincident measure in terms of economic sentiment regarding marine health and sustainability. Additionally, it aligns with broader global trends in recognizing the ocean's value in climate change discussions and sustainable development standards.
Bullish or Bearish for Currency and Stocks
This event does not present quantifiable figures or forecasts, so no classification as bullish or bearish for currency or stocks is applicable. There is no hawkish or dovish tone related to monetary policy, as Marine Day focuses on cultural and environmental awareness rather than economic indicators or financial market influences.

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