On 11 August 2016, Mountain Day was newly established as a public holiday and is said to have become the 16th public holiday. The increase in 3-day weekends is said to have contributed to the stimulation of leisure activities such as mountaineering and hiking.
On 11 August 2016, Mountain Day was established as a public holiday and is said to have become the 16th public holiday. As a result, it is said that public holidays came to be established in every month except June.
The purpose of Mountain Day is to provide opportunities to appreciate mountains and give thanks for their benefits. It is said that many companies, particularly in the manufacturing industry, have extended holidays from Mountain Day through Obon, creating long vacations.
In 2020, a decision was made to move Mountain Day to 10 August, the day after the opening ceremony of the Tokyo Olympic Games.
The Nikkei Stock Average closing level on 11 August 2016 is said to have been ¥16,735.12.