Japan Culture Day (Substitute Holiday)

Info

History

Chart

Impact:

Low

Latest Release:

Date:

Actual:

Forecast:

Previous/Revision:

Period:

What Does It Measure?

Japan’s Culture Day, also known as "Bunka no Hi," measures the importance of Japanese culture and promotes educational events that highlight the arts, literature, and heritage of Japan. This holiday is an indicator of societal values and traditions, reflecting the nation's commitment to cultural preservation and appreciation rather than a direct economic metric.

Frequency

Culture Day is an annual public holiday celebrated on November 3rd, and it recurs each year without a preliminary or final data revision.

Why Do Traders Care?

While Culture Day itself does not have direct implications on financial markets, it may influence consumer behavior and spending in cultural sectors, impacting retail sales and local economies. The holiday’s cultural significance may lead to increased tourism-related activities, which could positively affect sectors dependent on domestic and international tourists.

What Is It Derived From?

Culture Day is derived from various cultural events, school activities, and public exhibitions, which celebrate Japan's rich history and arts. The observance of this day includes numerous festivals, exhibitions, and educational showcases organized by local governments and cultural institutions.

Description

Culture Day emphasizes the celebration of traditional Japanese culture through art, literature, and heritage. It serves as a day for the population to engage with cultural activities, typically including award ceremonies recognizing contributions to the cultural landscape, thereby reinforcing community bonds and appreciation of national identity.

Additional Notes

Culture Day is a coincident measure reflecting the cultural health of Japanese society rather than a leading or lagging economic indicator. It is closely related to other cultural observances and holidays throughout Japan that emphasize similar themes of preservation and appreciation of culture.

Bullish or Bearish for Currency and Stocks

Not applicable, as this event does not directly influence monetary policy or provide forecastable economic data.

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 04, 2024