The Government of Japan last week submitted a reform bill to the Diet - the country's legislative body - requesting approval to securitize state-owned real estate assets located in Tokyo.

The move is part of an initiative to halve the ratio of government assets - worth around 430 trillion ($362.7 billion) - to gross domestic product by 2015, and to use funds to redeem existing government bonds.

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.