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The Japanese market is about to usher in the longest market in World War II. Will the market crash?

March 14, 2019 20:23
source: Gold headline

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Summary
[The Japanese market is about to usher in the longest market in World War II. Will the market crash? Japan will welcome a long holiday related to the new emperor's ascension next month. Some investors are worried that they may be in trouble. Japanese brokerage companies are taking measures to alleviate the concerns.

Japan will welcome a long holiday related to the new emperor's ascension next month. Some investors are worried that they may be in trouble. Japanese brokerage companies are taking measures to alleviate the concerns.

The Japanese market will be closed from April 27 to May 6, because in addition to the annual Golden Week holiday, the government has also set a national holiday around the abdication day of Emperor Akihito. The closure of the market for a total of six trading days triggered market concerns about volatility.

Brokers have begun to take measures that may at least alleviate the troubles of overseas stock investors. Yuji Kamioka, a spokesperson for Daiwa Securities Group Inc., said it plans to offer Japanese-listed stock trading services to Japanese customers on April 30 and May 2. According to NHK, SMBC Nikko Securities Inc. is considering setting up a call center to handle transactions for customers who want to sell shares listed in the US. Rakuten Securities Inc. warned investors earlier this week about possible market volatility after the holidays.

These moves may alleviate some of the investor's problems, otherwise they may have no way to get out of the position for more than a week. The flash crash during the closing of the long holiday in January was still fresh in memory. At that time, the four-day New Year holiday in Japan exacerbated the shortage of liquidity in the foreign exchange market, causing the yen to soar against the US dollar.

The impact of the rest of the market from the end of April to the beginning of May on the domestic stock market in Japan remains to be seen. A spokesperson for the Japan Exchange Group said that a 10-day full holiday would be Japan's longest since the end of World War II.

The previous article in the gold headline pointed out that the large holiday in Asia is a special tipping point for the market crash. It is necessary for investors to be vigilant about the possibility of a flashback in the currency market in early May.

(Article source: Gold headline)

                (Editor: DF134)

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