Question 1

How many holidays does the TSE have?

Accepted Answer

The Tokyo Stock Exchange observes approximately 20 closure days per year, including all Japanese national holidays: New Year's Day, Coming of Age Day, National Foundation Day, Emperor's Birthday, Vernal Equinox, Showa Day, Constitution Day, Greenery Day, Children's Day, Mountain Day, Respect for Aged Day, Autumnal Equinox, Sports Day, Culture Day, Labor Thanksgiving Day, plus year-end closure (Dec 31) and several days around New Years.

Question 2

What are the TSE trading hours?

Accepted Answer

The TSE has two daily sessions: a morning session from 9:00 a.m. to 11:30 a.m. JST, and an afternoon session from 12:30 p.m. to 3:00 p.m. JST. There is a lunch break from 11:30 a.m. to 12:30 p.m. JST. Unlike the NYSE, the TSE does not currently hold early close sessions.

Question 3

What are substitute holidays (furikae kyuujitsu)?

Accepted Answer

When a national holiday falls on a Sunday, the following Monday becomes a substitute holiday (furikae kyuujitsu), and the TSE is closed. Additionally, when two national holidays are separated by a single non-holiday day, that day also becomes a holiday (kokumin no kyuujitsu). For example, in 2026, Respect for Aged Day (Sept 21, Monday) is followed by the Autumnal Equinox (Sept 23, Wednesday), so September 22 becomes a Citizens Holiday.

Question 4

Does the TSE close for the New Year period?

Accepted Answer

Yes. The TSE is closed from December 31 through January 3 each year (the "Year-End/New Year" closure period), resuming trading on January 4 (or the next business day). This extended closure is standard for Japanese financial institutions.

Question 5

Where can I verify the official TSE holiday schedule?

Accepted Answer

The official TSE holiday and trading schedule is published annually by the Japan Exchange Group (JPX). You can verify the current schedule at tse.or.jp or jpx.co.jp. The schedule may occasionally change due to special circumstances or national events.

Tokyo Stock Exchange Holiday Calendar2025 – 2027

Market Closed

Early Close

Trading Session Times

Frequently Asked Questions