What is the impact of "Reiwa" on FX and stocks? Five key points to consider during the era change!
What are the effects of the new era name "Reiwa" on FX (foreign exchange) and stocks?
With the change to the new era name, FX and stocks effects may occur.
First, because the Emperor's birthday holiday changes,the Tokyo foreign exchange market business days will be altered and so on.
Additionally, there will be events such as the Emperor's abdication at the end of April,creating an unprecedented 10-day holiday. Naturally, the Tokyo FX market will also be closed,so there is a possibility of market-making aimed at the period when trading thins out.
And the impact on services that use the Japanese era will be unavoidable. In particular,system troubles such as the era not being displayed could affect corporate stock pricesand so on.
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“Reiwa” FX and stocks: 5 key points to watch during the imperial transition!
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