Japan: Stock market value traded w/o top 10 firms, % of total value traded
For that indicator, The World Federation of Exchanges provides data for Japan from 1998 to 2016. The average value for Japan during that period was 68.47 percent with a minumum of 49.95 percent in 2008 and a maximum of 87.17 percent in 2016.
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Definition: Value of all traded shares outside of the top ten largest traded companies as a share of total value of all traded shares in a stock market exchange. WFE provides data on the exchange level. This variable is aggregated up to the country level by taking a simple average over exchanges.