I can't tell you about the wherefore but that seems to be a shortcut associated with the letter z + hjkl-directional keys. Moreover this doesn't work with all IME (but it can be reproduced with Google IME, you can try that on Google Translate website)
![enter image description here](
I dug a bit more and here a list of keys that goes with the `z`-mod key.
* ZH ←
* ZJ ↓
* ZK ↑
* ZL →
* Z, ‥
* Z. …
* Z/
* Z[
* Z]
* Z-
Source