japan20000

Japan: Decline of a Safe Haven

where on earth did your hear of the japanese stock market to be a safe heaven? And how did it crash less if it is 60% from its peak in July 2007? It is still 80% down from its peak of about 40k in 1989. What have you been smoking? It is understandably a more volatile exchange because it is hugely leveraged to the outside. Tokyo has traditionally traded with higher multiples.
The currency market is a totally different thing because of a number of issues that other markets do not have. There you could attach the safe heaven label to the yen... in certain periods.