Is the Stock Market Open on National Foundation Day 2027? TSE/JPX Hours

The Tokyo Stock Exchange (JPX) is closed on Thursday, February 11, 2027 for National Foundation Day, a public holiday in Japan. No equities, futures or options trade on the exchange that day, and any orders queued overnight will carry over to the next trading session. For the full list of dates when Japan’s main exchange is shut, see the TSE/JPX holiday calendar.

Because the TSE observes Japan’s national public holidays rather than following a Western calendar, dates like this one can catch international investors off guard, particularly those trading Japanese equities, ETFs linked to the Nikkei 225 or TOPIX, or yen-denominated assets from London, New York or Hong Kong. Settlement timelines, dividend record dates and options expiries that would normally fall on February 11 are pushed back by one business day.

Which markets are closed on National Foundation Day 2027?

The closure applies specifically to the Tokyo Stock Exchange and its listed products. Other major global markets are unaffected unless they have their own separate holiday that day.

In short, this is a Japan-specific closure. Investors holding positions purely on Western exchanges will see no direct disruption, though thinner volumes in Asian trading hours can occasionally ripple into currency markets, particularly the yen.

Is the market open the day before and after?

The Tokyo Stock Exchange trades a normal full session on Wednesday, February 10, 2027, the last trading day before the holiday, with regular hours of 9:00 am to 11:30 am and 12:30 pm to 3:30 pm JST. There is no early close scheduled ahead of National Foundation Day. Trading resumes as normal on Friday, February 12, 2027, assuming no other holiday falls on that date. Orders entered on February 11 while the market is shut will simply sit in the queue and execute, if still valid, when the exchange reopens.

Why do markets close for National Foundation Day?

National Foundation Day, known in Japanese as Kenkoku Kinen no Hi, commemorates the traditional founding date of Japan and the accession of its first emperor, Emperor Jimmu, according to Japanese mythology. The holiday was reinstated in 1966 after being abolished following the Second World War, and it is one of sixteen public holidays recognised in Japan each year.

Japanese financial markets, including the Tokyo Stock Exchange and the Osaka Exchange, close on all nationally designated public holidays. This reflects a broader policy across Japan’s financial infrastructure, including banks and the bond market, of aligning operating days with the government’s official holiday calendar rather than maintaining a separate trading calendar as some Western exchanges do.

What It Means for Your Money

If you hold Japanese shares, a Nikkei-tracking ETF, or yen exposure through a broker, nothing can be bought or sold on the Tokyo exchange itself on February 11. Any limit or market order you place during the closure will simply wait until the next session opens. Settlement of trades made just before the holiday may be delayed by one business day, since settlement cycles count only trading days, which matters if you are relying on cash from a sale to fund another purchase.

Dividend payments and corporate actions scheduled around this date for Japanese-listed companies typically shift to the next business day, so check the specific company’s investor relations page if you are expecting a payment. Bank transfers within Japan, including payroll processing handled through Japanese banking infrastructure, may also run a day behind schedule where they depend on market settlement.

None of this affects cryptocurrency markets, which trade 24 hours a day, seven days a week, regardless of national holidays. Investors in mutual funds that hold Japanese assets may notice that the fund’s net asset value calculation is based on the previous trading day’s closing prices, since no fresh pricing data is available from Tokyo on a closed day. For most retail investors outside Japan, the practical impact of this single closure is minor, but it is worth factoring into any time-sensitive trade involving Japanese securities.

Remaining TSE/JPX holidays in 2027

• Emperor’s Birthday, February 23, 2027
• Vernal Equinox Day (Observed), March 22, 2027
• Showa Day, April 29, 2027
• Constitution Memorial Day, May 3, 2027
• Greenery Day, May 4, 2027
• Children’s Day, May 5, 2027
• Marine Day, July 19, 2027
• Mountain Day, August 11, 2027
• Respect for the Aged Day, September 20, 2027
• Autumnal Equinox Day, September 23, 2027
• Sports Day, October 11, 2027
• Culture Day, November 3, 2027
• Labor Thanksgiving Day, November 23, 2027
• New Year’s Eve (Market Holiday), December 31, 2027

Frequently Asked Questions

Is the stock market open on National Foundation Day 2027?

No, the Tokyo Stock Exchange and Osaka Exchange are closed on Thursday, February 11, 2027 for this Japanese public holiday.

Is the bond market open?

The Japan Government Bond market also observes the holiday, so bond trading and settlement through major Japanese dealers is suspended for the day.

What time does the market close the day before the holiday?

There is no early close scheduled. The TSE trades its standard session on February 10, 2027, closing at the regular time of 3:30 pm JST.

When is the next market holiday after this one?

The next TSE/JPX holiday is Emperor’s Birthday on February 23, 2027.

Are banks open in Japan on National Foundation Day?

No, Japanese banks follow the same national public holiday calendar and are closed on February 11, 2027, alongside the stock exchange.