Tokyu Land News
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The Topix Index climbed the most in a month, erasing losses from the 2008 collapse of Lehman Brothers Holdings Inc., as Japanese markets reopened from a holiday during which the yen slid and U.S. jobs data beat estimates.
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Tokyu Land Corp. , Japan’s fourth- largest developer, plans to acquire rental apartments in Tokyo worth as much as 40 billion yen ($450 million) this fiscal year for its planned real estate investment trust.
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Tokyu Land Corp. , Japan’s fourth- largest developer, will start a 150 billion yen ($1.8 billion) real estate investment trust next year as the Bank of Japan’s asset-buying program helps the nation’s property market recover.
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The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.
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Bank of Japan Governor Masaaki Shirakawa’s decision to boost purchases of real estate funds to stimulate the economy may spur debt sales by developers that reached the highest in 2 1/2 years this month.
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Japan’s Nikkei 225 Stock Average rose 174.60, or 1.8 percent, to 9,879.85 at the close in Tokyo. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
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Tokyu Land (8815) revised first-half group earnings estimates for the period to Sept. 30. Figures other than earnings per share are in millions of yen.
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Japan’s Nikkei 225 Stock Average rose 165.74, or 1.7 percent, to 9,805.46 at the 11 a.m. trading break in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
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Japanese shares pared gains after the Bank of Japan decided against expanding its asset-purchase program, and the yen rose against the dollar. Stocks climbed earlier as euro-area finance chiefs gathered to sign off on a Greek bailout.
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Japan’s Nikkei 225 Stock Average fell 67.75, or 0.7 percent, 9,999.40 as of the close in Tokyo. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
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