Only two years ago, nearly all Japanese securitization deals were placed in the international markets, so it is a remarkable turnaround that IFCO, the financing arm of Japanese commercial vehicle manufacturer Isuzu Motors, recently closed the first Japanese securitization this year to be aimed primarily at the international markets.

In the past, Japanese investors were wary of and knew little about securitization, but that has changed with stunning rapidity, as Japanese investors have become eager buyers of ABS and have put in a considerable effort to upgrade their back-office systems and their knowledge.

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.