Moody’s Investors Service has released a new report called ABS Market in Japan: 2Q 2008 Market Review.

The report shows that in the second quarter of this year, Moody’s rated nine Japanese ABS transactions totaling JPY 101.4 billion. This number is down 74% from the last year’s second quarter, when Moody’s rated 18 transactions totaling JPY 385.4 billion.

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