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Japanese asset-backed market holds strong, despite Moody's recent sovereign downgrade

While Japan faced a local currency sovereign downgrade from Moody's Investors Service last month to Aa3' from Aa2,' the asset-backed market seems to be pushing ahead without any constraints.

Adding a bit of variety to the market, consumer credit firm, Jaccs Co., launched a 6.25 billion ($46.8 million) auto-loan...

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