The mortgage-backed securities market is expected to spearhead growth in Japan’s structured finance market this year, according to analysts at Fitch Ratings. Total issuance volumes for all asset classes in 2006 reached JPY10 trillion ($82 billion), a growth of 12% on 2005, with RMBS climbing to JPY5.7 trillion ($46.7 billion). RMBS overall accounted for 57% of 2006’s total securitization issuance, and volumes are expected to be further nourished this year by the burgeoning non-conforming sector.
January 30, 2007