Day 1: Achievement Awards 2008 û Japan

Today we honour Japan's best capital markets deals in 2008. The best houses will be announced tomorrow.

The pain the Japanese markets are going through was already present during last year's awards announcement in April 2008. Despite the pious hope expressed at the time that things would get better, the opposite has happened with the Nikkei index almost halving from 13,000 points to less than 8,000 today. Some important and exciting deals have been done nevertheless little can beat the drama of the securitisation of Shinsei Bank's headquarters days before its awful earnings were announced, or the...

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