Japanese stocks drop for second day, with real estate and brokerages falling

TOKYO: Japanese stocks dropped for a second day Wednesday as traders sold shares of companies tied closely to domestic economy like real estate and brokerages. The dollar edged higher against the yen. 

The benchmark Nikkei 225 index dropped 12.72 points, or 0.08 percent, to 16,111.63 points at the end of morning session Wednesday. The index shed 303.86 points, or 1.85 percent, on Tuesday, the first decline this year.