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 yen ($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 yen, roughly a 20% jump over a year earlier and equal to 15% of straight bond issuance in the same five months, the newspaper added.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.