Japan Stock Exchange closing ceremony Dainokai

Author: Yukadon

What are Dainokai and Daihakkai?

Have you heard the word Dainokai or Daihakkai? Dainokai means the last trading day at the end of the year on the Japanese stock exchange. In addition, Daihakkai is an event to be held on the first trading day of the beginning of the year on a stock exchange in Japan. In general, the first trading day itself at the beginning of the year when the event is held is called “Daihakkai”.

What kind of things are going to be done at the Dainokai?

As usual, December 30 will be the last operation at the Japanese stock exchange on that day, and Tejime will be held. Tejime is one of the customs in Japan, celebrating the fact that an event has concluded without trouble, refers to the rhythmic hand clapping performed in time with the calls of one participant.


Tejime in 2015

If the day of Dainokai is a holiday, it will be the business day immediately before that. Previously, the trading was terminated after only morning trading, but now trading takes place in the afternoon also. Since 2002, a well-known athlete from that year has rung the bell signaling the end of the trading at Dainokai. For your information, at Dainokai in 2016, Icho Kaoru, who is highly representative of Japan’s women wrestling and received the People’s Honor Award and Medal with Purple Ribbon from winning numerous competitions, rang the bell. Yoshida Saori, another wrestler and the coach of Japan’s women’s national wrestling team, rang the bell at Dainokai in 2012. This year’s guest at Dainokai has not been announced yet, but I’m looking forward to who will be decided.

Characteristics of Dainokai

By reason of becoming conscious of the opening price at the beginning of the year, share prices tend to be propped up at Dainokai.

  • Points to note when trading at the end of the year
    If a selling order of shares is established near the end of the year, and the delivery date crosses into the following year, caution is required because it will be treated as the next year’s transaction.

What kind of things are going to be done at the Daihakkai?

As a general rule, January 4th is the day of Daihakkai. If the day of Daihakkai is a holiday, it will be the business day immediately after that. Trading on Daihakkai ended after only morning trading until 2009, but the half-day trading was abolished from Daihakkai in 2010. Since then, whole-day trading has taken place. It is customary for staff to wear kimono at Daihakkai.

Characteristics of Daihakkai

From the New Year ‘s celebration mood, it is said that stock prices are apt to increase in reaction to the opening of the new market. This is probably because the funds of people who sold shares held at the end of the year are easy to flow. However, it is not that the stock price on the day of Daihakkai is always rising.

Why half-day trading was abolished?

The reason why half-day trading was abolished is because in January 2010, a new trading system named Arrowhead started operation on the Tokyo Stock Exchange. In order to reduce the burden on this new system, the TSE decided to abolish half-day transactions. Other securities companies and Osaka Stock Exchanges adjusted the transaction time with the TSE.

Can anyone participate in the Dainokai or Daihakkai?

Both the Dainokai and Daihakkai are held in Tokyo and Osaka. If you want to go to Dainokai or Daihakkai, you need to apply from the website in advance to visit TSE (OSE is first-come-first-serve); admission is free. Once you check in at the general reception desk, you can participate in the Dainokai or Daihakkai. If there are many applicants, participants will be selected by lottery. Even if you go to the venue of Dainokai or Daihakkai on the day without prior application, you cannot enter. However, when you visit Dainokai or Daihakkai from the general visitor’s route outside the venue, you do not need to apply in advance. Furthermore, even if you do not go to the venue, you can watch the states of Dainokai or Daihakkai of the Tokyo Stock Exchange Youtube.

 

How was this article about Dainokai and Daihakkai? These events are unique to Japan held at the Tokyo Stock Exchange and Osaka Stock Exchange every year during the New Year’s holidays. Even if you are not working for a financial-related company, if you apply in advance on the web you might have the opportunity to participate in Dainokai or Daihakkai, so please take a challenge if you are interested. I hope this article will increase the number of foreigners who are interested in various events in Japan.


By Yukadon

社内翻訳、通訳経験後、2年前に独立。現在は、特許翻訳、法廷通訳者の傍ら、Webライターとしても活動中。

👉Read more TalentHub blogs: https://talenthub.jp/blog/

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