Japan works on new CMBS standards

10/31/2011 | Bloomberg Businessweek

The Commercial Real Estate Finance Council in Japan is developing a new standard for commercial mortgage bonds with an eye on increased disclosure and documentation. It hopes to revive this capital market product, which once funded many of the country's largest property acquisitions. The standard should be completed by the end of the year, said Tokio Ueyama, head of commercial real estate at Deutsche Bank in Japan and co-chairman of the industry group.

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