Despite being close to the epicentre of the Covid-19 outbreak, Japan’s structured products market has remained somehow stable.
SRP data shows an increase in both issuance and sales during the period between 1 February and 30 April 2020, against the same period in 2019. Looking at the three-month period in the run up and immediately after the market crash of mid-March sales stood at US$3.95bn across 221 striking products, compared to same period in 2019 - overall sales were up by 27% with 32 more products striking. However, April’s sales hit a low of US$501.8m, last seen in July 2016 (US$494m) with the lowe
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