Japan National Founding Day

Info

History

Chart

Impact:

Low

Next Release:

Date:

Period:

What Does It Measure?

Japan's National Founding Day, or Kenkoku Kinen no Hi, measures the historical and cultural significance of Japan's establishment as a nation. While it does not directly assess economic indicators such as production or employment, it emphasizes national unity and cultural identity, reflecting sentiments that can indirectly influence consumer confidence and spending.

Frequency

National Founding Day is celebrated annually on February 11, with festivities marking the occasion that reflect its historical importance.

Why Do Traders Care?

Traders may find relevance in Japan's National Founding Day as it can impact market sentiment and consumer behavior. While the day itself may not directly affect financial assets such as currencies or stocks, the associated celebrations can impact economic activity and consumer spending patterns in the retail sector.

What Is It Derived From?

National Founding Day is derived from historical events commemorating the establishment of Japan, specifically the founding of the first emperor, Emperor Jimmu. The observance reflects Japan's unique cultural heritage and unifying symbols rather than being calculated from economic data or statistics.

Description

The celebration of National Founding Day involves various cultural and traditional events across Japan aimed at fostering national pride and unity. Although it is not specifically tied to economic indicators, the day may affect businesses and markets due to related changes in consumer behavior and retail activity associated with the public holiday.

Additional Notes

National Founding Day is considered a national holiday and can occasionally serve as a coincident indicator for economic activity, signaling short-term spikes in consumer spending and tourism. This event reflects broader economic trends, as periods of national pride and unity often correlate with positive economic sentiment.

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