25 April 2019 - This year, Japan is extending its annual Golden Week holiday to 10 days, to mark the abdication of Emperor Akihito and the ascension of his son, Crown Prince Naruhito, to the throne.
Akihito is the first emperor to abdicate in more than two centuries and the new era for Japan, named “Riewa”, will formally begin once the new Emperor is crowned on 1 May 2019.
As a result of this momentous occasion, Japanese stock exchanges will be closed from 26 April 2019, reopening on 7 May 2019.
As a consequence, it will be necessary to temporarily suspend dealings in Japanese funds during this period.
Please note, if you are switching more than one fund at a time – say one Japanese fund, one UK and one European – none of the purchases will be made until 7 May, even though the non-Japanese funds are still trading. You will therefore have your money out of the market for a period of time. If you wish to do this, you may want to consider switching only your non-Japanese funds, in which case the switch will be made within the normal time scales.
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