Japan JPY

Japan Health-Sports Day

Impact:
Low

Next Release:

Date:
Period:
What Does It Measure?
Japan's Health-Sports Day (Kenko-taisai) measures the country's commitment to promoting physical health and sports participation among its citizens. This public holiday, observed on the second Monday of October, emphasizes the importance of exercise and recreation in improving overall well-being and public health, highlighting key components such as fitness levels, community engagement in sports, and health awareness.
Frequency
Health-Sports Day is an annual event celebrated every October with no preliminary or final reports, but its influence and outcomes are discussed throughout the year in various health campaigns.
Why Do Traders Care?
Traders may regard Health-Sports Day as a reflection of societal health trends and consumer spending patterns related to fitness and wellness industries. The emphasis on sports and health can influence equities in sectors like sports equipment, health foods, and recreational services, impacting market sentiment towards associated stocks.
What Is It Derived From?
Health-Sports Day is derived from historical events promoting physical education in Japan, particularly inspired by the Tokyo Olympics of 1964. It does not involve formal calculation methods akin to economic indicators but is driven by public initiatives and community activities promoting health.
Description
Health-Sports Day is rooted in Japan's post-war efforts to improve public health through increased physical activity and sports participation. The day features various events, such as marathons, sports festivals, and community exercises, aiming to foster a culture of health and fitness among Japanese citizens, enhancing social cohesion while addressing the public health challenges facing the nation.
Additional Notes
The observance of Health-Sports Day can be positioned as a coincident economic measure since it reflects current societal trends regarding health and fitness. Its celebration often serves as a precursor to further policy initiatives aimed at improving public health outcomes, paralleling similar observances in other countries that focus on fitness and health awareness.
Bullish or Bearish for Currency and Stocks
The event is not directly associated with formal economic forecasts or financial metrics, thus requiring no analysis of actual versus expected values or effects on currency and stocks. As such, this section is not applicable for Japan's Health-Sports Day.

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