Mikoshi are lavishly decorate palanquins, with sizes varying from huge constructions, weighting several tons, to small ones, made to be carried by kids. Actually, a mikoshi is a miniature, portable shrine, conceived to house the kami (deity) during the festival, and the parade often consist of walking around the shrine's neighborhood, while shaking the mikoshi to "amuse" the kami. As such, you can imagine that the parade is a very joyful event, for both participants and spectators...
EXIF info:
Nikon D90
Lens: VR 18-55mm F/3.5-5.6G
Focal Length: 18mm
Aperture: F/5.6
Shutter Speed: 1/500s
ISO Sensitivity: ISO 250