Day 2 of Japanese Golden Week market holidays passes without a flash crash. 4 to go.

There are 10 consecutive holidays for Golden 'week'. Japanese markets are closed for the entire period.

Closed:

• Monday 29 April
• Tuesday 30 April
• Wednesday 1 May
• Thursday 2 May
• Friday 3 May
• Monday 6 May

Plus the weekends, of course.

The big fear is some sort of flash crash like we got in the first week of January:

• Japan 10-day market closure ... here's the reason there is huge fear of a yen flash crash

Japanese authorities have warned to take care:

• Japan's Financial Services Agency is warning of possible increased volatility in financial markets.

OK, so day 2 down, 4 to go!