Since the first public offering in 1985 asset backed securities (ABS) are one of the most rapidly growing segments of the U.S. capital markets. Finding its genesis in the refinancing of mortgages in the United States, ABS are structured by packaging a pool of financial assets, such as automobile...

[...]Diet discussions produced two significant piecesof legislation: the Law Concerning Emergency Measuresfor the Reconstruction of the Functions of the FinancialSystem, and the Financial Function Early Restoration Law.An outline of these laws is shown in Figure 1. The LawConcerning Emergency...