Stick this on the calendar for the end of April into early May
To mark the ascension of Japan's new emperor, the government has declared an 10-day holiday
- Japan usually has the late April to early May "Golden Week" holiday, but this year its going for longer
- Crown Prince Naruhito is being crowned the new emperor on May 1
- Government has declared April 27 to May 6 a market holiday
- It will be the longest break ever for Japanese stocks and bonds, 6 business day
At the very least this will extend the low liquidity period each morning when its only NZ and Australian forex markets open pre-Tokyo for another hour until Singapore and HK come in.