Government housing deal could be the spur for JapanÆs MBS market

Japan''s GLHC will launch its debut RMBS deal in March with a Ñ50 billion issue.

Outside the US and arguably the UK, the Japanese securitization market is one of the most developed in the world, but its growth, unlike the US and the UK, has not been built from a platform of deals backed by residential mortgages. That sector, however, could receive a welcome boost in March when the state-owned Government Housing Loan Corp GHLC will make its debut in the market with a Ñ50 billion $430 million issue.

GHLC, the...

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