January 02: Imperial New Year General Audience Lifts Tokyo Footfall

January 02: Imperial New Year General Audience Lifts Tokyo Footfall

The Imperial Palace New Year greet is set to concentrate visitors in central Tokyo today, giving investors a quick read on holiday services demand. With Prince Hisahito first attendance after yesterday’s court ceremony, the event should lift Tokyo retail footfall across Marunouchi, Otemachi, and Ginza. We expect stronger flows for rail, subway, taxis, cafes, and convenience stores around the palace. Below, we outline what to monitor today and what the Imperial Palace New Year greet means for near-term demand signals in Japan.

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