Japan's vaccine push and easing COVID curbs lift transport stocks

Airlines, railways and leisure companies rally as emergency decree expires

20210618 JR's freight trains

Transportation stocks are rebounding on hopes for more economic activity as COVID restrictions ease. (File photo by Tomoki Mera) 

JADA NAGUMO, Nikkei staff writer

TOKYO -- Japan's accelerating vaccine rollout and the end of an official state of emergency in its biggest cities have investors betting that beaten down businesses will rebound as people emerge from their COVID hibernation.

Among the 33 sector indexes of Japan's broad Topix benchmark, air transportation has risen steadily in recent weeks, gaining 9% in the last month. Ground transportation and real estate have outperformed sectors like machinery and information and communication.

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