According to a report from Moody's Investors Service today the earthquake which struck northern Japan on May 26, registering a 7.0, had limited impact on Japanese securitizations. The epicenter of the quake was offshore of the Miyagi Prefecture, located in Japan's north east.

Moody's stated that while some minor incidents were reported, it had received no reports of serious damage. The rating agency monitors 12 transactions, including private deals, among CMBS or NPL securitizations with underlying real estate assets in the five prefectures - Miyagi, Iwate, Yamagata, Akita and Aomori - of Japan's Tohoku or north-eastern region.

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