Tokyo suffers from Chinese protests

The Tokyo markets were down on Monday, with the Nikkei down 1.1 percent and the Topix down 0.9 percent.

Companies with connections to China fell as tensions between Japan and China rose after a large anti-Japan demonstration in Beijing.

The protests were spurred by outrage over a new Japanese history book that demonstrators say does not fully admit the extent of Japanese atrocities against the Chinese during World War II. This is especially in light of Japan’s bid to become a permanent member of the U.N. Security Council.

The Saturday and Sunday protests included burning flags, shouted anti-Japanese slogans, and calls for a boycott of Japanese products.

Japan has been one of the biggest beneficiaries of recent economic growth in China, due to exports to China, Hong Kong, and Taiwan.

Kawasaki Heavy Industries, with contracts to build trains in China, was 2.9 percent lower, and Mitsubishi Heavy Industries were down by 1 percent.

Domestic-dependent stocks were generally higher, however, with entertainment and leisure companies’ stocks very strong.

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