Japan real estate sector outperforms Topix index

Property companies are faring well in Japan, with the real estate portion of the Topix index one of the best performing sectors year to date. The real estate sub sector is up 19.85% in yen terms over the year to 20 August, compared to the index as a whole, which is down 10.01% over the same time. Over the year to 20 August 2001, the best-performing stock in the sector was Joint Corporation, which returned 134.89% in yen terms. This is followed by Tokyu Land Corporation, which has risen by 117.24%. Kevin Gibson, head of Japan at Edinburgh Fund Managers, says that the strong share pri...