A spinning top is a traditional toy played with during the New Year holidays.
The term of “spinning top” represents winter”, or “January-in Haiku, the verse form consisting of-17 syllables in a 5-7-5 line pattern.

The simple shapes and beautiful harmony of colors is what attracts us to spinning tops,a traditional Japanese game toy. It is also fun to play with. The top is more than a toy in Japan.The top is not only a folk craft used as a toy, but also a traditional art perfected by the Japanese. Top-spinning performances are enjoyed by young and old alike.

As a kind of pun, the elegantly spinning motion of the toy symbolizes “circulation of money” ”smooth work”, and “being quick-witted”.

　Historically, it was in the Nara period that tops came into existence in Japan. It is said that they came to Japan through the Korean Peninsula-, or perhaps appeared spontaneously in Japan. It is said that fortune-tellers called “koma-byoushi” told fortunes by circulating spinning tops in ceremonies held by the court.
Tops popular in the Edo period traditionally had five colors. Each of them has its own meaning; red represents health , black; power ,yellow; wealth, green; harvest, and purple; nobility.
　There are many kinds of tops in Japan. They vary in color, shape, and size, depending on the region they come from; they all have unique characteristics.

　Especially, lucky spinning tops are in every region of the country. ”kazarigoma”, or (decoration top) are, for example-, used as a gift for “the celebration of a new house built” or, as in YameCity, Fukuoka Prefecture, ”the celebration of wedding.” In the Kansai area, tops are buried in the pillars of a house when it is built in hopes of bringing prosperity to the family.

Tops have been highly prized as a symbol of good luck in Japan.

For further information,
Refer to the link shown below;
“Nihon Koma Hakubutsukan”********************************************************************************References:
Trad-Japan
WikipediaKoujien