Opinion / Fiona Wilson
Breaking point
Japan is about to shut up shop for an extended – and unprecedented – 10-day Golden Week holiday. Starting tomorrow, it celebrates the accession of Crown Prince Naruhito.
The take-up rate for paid holiday in Japan is the world’s lowest and – rather than being seen as a time to relax – this enforced collective vacation has unleashed a wave of anxiety. Sensible people booked to go abroad months ago but everyone else is coming to terms with the fact that it’s now too late and too expensive to travel. Worse, those staying at home are being bombarded with information about how to cope with the closure of banks, nurseries and medical facilities, as well as reduced rubbish collections and postal services. Elsewhere, brokers are steeling themselves for the longest market shutdown since the Second World War.
Rather than fretting about the adverse impact of the long holiday, this should be just the moment for the Japanese to drop their shoulders and kick back, enjoy the break and make the most of a rare pause from the daily grind. The only blot on the horizon is the less-than-golden weather: much of next week looks grey and rainy all over the country.