Japan may take steps to stabilize REIT sector

03/27/2009 | Bloomberg · Forbes

Japan's Nikkei average reached its highest level in 2 1/2 months today on reports that the Japanese government is considering a plan to create a property support fund. The surge was led by a rally of REIT shares. "We haven't decided on a specific scheme or a scale, but we've determined to take some measures to normalize the REIT market," said Isamu Ueda, a New Komeito lawmaker.

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Bloomberg · Forbes

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