The Tokyo Beijing See Saw: What's Behind the Divergence? The relationship between Japan and China's stock markets is marked by a curious phenomenon their performance is mirroring each other in opposite directions.
This trend has been building for years, with Japan's market initially leading the charge in the 1980s as Japanese companies were hailed as darlings of the equity world.
However, this was short lived, and since then, Japan has been on a long journey back to relevance. Meanwhile, China's stock market has grown exponentially, becoming one of the largest markets in the world.