On May 23, the Diet approved a series of legal changes concerning securities investment trusts, securities investment corporations and SPCs (special-purpose corporations) that will further advance securitization of real estate in this country.
The changes, which will be implemented in due course, will make it easier to create new real-estate- related financial products and to offer attractive financial instruments to investors.
The passion for securitizing real estate, which began with the introduction of the SPC law in 1998, has been gaining momentum, and for good reason.