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A man looks at a stock quotation board outside a brokerage in Tokyo June 5, 2013.
A man looks at a stock quotation board outside a brokerage in Tokyo June 5, 2013.
(Toru Hanai/Reuters)

FINANCIAL TIMES

Nikkei more volatile and less representative than ever

Lex is a premium daily commentary service from the Financial Times. It helps readers make better investment decisions by highlighting key emerging risks and opportunities.

The Nikkei 225 Average is now one bad day away from bear market territory at its recent rate of decline. The Topix, meanwhile, is a couple of such days away from that level. That difference is meaningful.