TOKYO - the Nikkei average dropped to a minimum of five weeks Monday after closed out hedge fund positions construction machinery manufacturers, stimulated by downgrades Nomura Securities on request the dilapidation of China, with investors considering more losses for the benchmark index after it breached a key support level.
The benchmark Nikkei average (.)(N225) closed by 1.5% to 9,460.63, while the broader Topix (.)(TOPX) hangar 1.2% to 817.68.
the Japanese Government and the Democratic Party of the Japan (DPJ) are evaluating options to redevelop areas affected by the earthquake in March through securitization of property and public-private partnerships, business daily Nikkei said.
The country has for purpose to redevelop these areas effectively reducing its tax burden, the paper reported.
The Government seeks to acquire properties in the urban areas that can be developed in commercial establishments and soil areas higher in residential properties. Private funding can be sought to build an infrastructure, said the Japanese newspaper.
Some officials have also evoked a reconstruction fund, financed by the Government and the private sector, has reported the Nikkei.
