The number of commercial mortgage-backed securitizations in Japan is expected to surge in the coming months, further fueling a sharp increase in domestic asset-backed issuance that began this summer.

Total volume of ABS issuance is expected to exceed 1 trillion ($9.5 billion) by the end of March 2000, which marks Japan's next fiscal year-end, according to business daily Nihon Keizai Shimbun. From April to August, public ABS issues reached 470 billion, roughly 20% up over a year earlier and equivalent to 15% of straight bond issuance in the same five months, the newspaper added.

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