Aided by a glut of deals in September, issuance for the fiscal half year in Japan was up 35% from last year, reaching 2.37 trillion ($21.3 billion). As well as establishing a record for a fiscal half, securitization volumes topped straight debt issuance for the first time, with corporate volumes just exceeding 2 trillion.

The consensus of separate research compiled by Deutsche Bank Securities, Mizuho Securities and Merrill Lynch indicates total ABS issuance in 2004/2005 should be around 5 trillion.

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.