Since British rock star David Bowie surprised Wall Street in 1997 by selling his old song royalties in bulk by issuing bonds, asset securitization has attracted greater public attention in Japan.
Securitization has become especially popular with firms that face the need to restructure as well as procure money amid the prolonged recession.
The financial tool allows firms to sell securities backed by the cash-flow prospects of their assets, such as real estate, credit obligations and intellectual property.
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