With many bankers on summer vacation, activity from Asia has seemingly gone on holiday with them in recent weeks. Despite the lull, the region is still on course for its best year since the Korean consumer finance boom sparked a wave of issuance in 2001 and early 2002.

Although the recent re-emergence of the Thai and Indonesian markets has been an unexpected bonus, the real strength of Asian ABS is gauged by how Japan and Korea are faring. Both countries are on course for stellar years.

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