"The rise in home prices will benefit the wealthy but it may make it harder for the government and central bank to take stimulus measures"
- Kenichi Hirano, general manager and strategist at Tachibana Securities Co.
Japanese stocks closed mixed on Monday after a report showed home prices in China are rising, a sign the government may refrain from easing policy.
The Nikkei 225 Stock Average rose 0.09 per cent, or 8.66 points, to 9,171.16. The broader Topix Index erased 0.15 per cent, or 1.15, to 764.66.
"The rise in home prices will benefit the wealthy but it may make it harder for the government and central bank to take stimulus measures," said Kenichi Hirano, general manager and strategist at Tachibana Securities Co. in Tokyo.
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