TOKYO -- Some Japanese stocks are recovering faster than others amid heightened anticipation of expanded monetary easing following the British vote to split from the European Union.
Equity tied to property development is among the big winners. On Monday, the Tokyo Stock Exchange's real estate investment trust index rallied back to levels last seen June 21, two days before the referendum. Real estate developers Tokyu Fudosan Holdings and Tokyo Tatemono also closed 2% higher. The Nikkei Stock Average subindex for the real estate industry is nearing levels before the Brexit shock.
