It's read directly from your computer's clock, if you've got the RTC on your emulator turned on. If you don't, it's always 00:00 on Monday 0th of January of the year 0000.
Also, some things are still capitalized in Signposts and the battle screen still has "Type" capitalized.
I haven't decapped everything, and indeed, since this is a ROM BASE, I won't decap everything. What I am decapping is the stuff which carries from hack to hack. So not things like signposts, but things like the TYPE that you mentioned.